The Mauritius-licensed CFD broker has hired Stathis Flangofas, who has been active in the industry for more than a decade and a half.
The appointment comes days before the mid-September inauguration of the Kudo Funded platform
CFD broker
Kudotrade has hired Stathis Flangofas as its new Chief Financial Officer (CFO) as
the company prepares to launch its proprietary trading platform later this
month.
Flangofas
joins from a 16-year career at major brokerages, including Capital.com and HFM,
where he handled large-scale financial operations and regulatory compliance.
His appointment comes just days before Kudotrade plans to roll out Kudo Funded,
its prop trading platform that will allow traders to access capital without
risking their own money.
Finley Wilkinson, Director at KudoTrade (Photo: LinkedIn)
"We
are thrilled to welcome Stathis as our new Chief Financial Officer," said
Finley Wilkinson, Director at Kudotrade. "His extremely impressive
background and proven track record in leading financial strategy at top-tier
institutions make him an invaluable addition to our leadership team."
Deep Financial Leadership
Background
Flangofas
brings substantial experience from his most recent role as Group CFO at HFM,
where he spent over a year managing financial planning and forecasting across
multiple subsidiaries. At HFM, he provided strategic financial input to the CEO
and board while overseeing cash flow management, client fund segregation, and
treasury operations across multiple regions.
Before HFM,
he served as Group CFO at SquaredFinancial for more than three years, managing
the company's financial planning and cash flows while leading finance teams in
Cyprus and internationally. His tenure at Capital.com as Group CFO from 2018 to
2021 involved handling regulatory reporting for both CySEC and FCA, along with
developing yearly business plans and forecasts.
His
experience extends beyond traditional CFO roles. Flangofas simultaneously held
the Group CFO position at Currency.com, described as the world's first
regulated tokenized securities exchange, where he managed financial operations
for the crypto trading platform. He also served as a Non-Executive Director at
HYCM for nearly a decade, chairing the risk management committee.
Timing Points to Expansion
Push
The CFO
hiring suggests Kudotrade is gearing up for growth. The company operates under
a Mauritius Financial Services Commission license and serves clients across
more than 130 countries. The broker gained attention earlier this year when it
secured regulatory approval and began recruiting experienced professionals from
established CFD firms.
Flangofas
will oversee financial strategy and risk management as Kudotrade enters the
competitive prop trading space. The sector has seen established CFD brokers
like OANDA and Axi launch their own funded trader programs, while traditional
prop firms have moved into brokerage services.
"The
story of Kudotrade really impresses me, particularly for how it has quickly
established itself as a truly innovative broker," Flangofas said about his
appointment.
Kudotrade's
entry into prop trading follows a broader industry trend. Major CFD brokers
have added funded trading programs as supplementary revenue streams, while
dedicated prop firms have moved in the opposite direction by acquiring
brokerage licenses.
The company
has been building its team throughout 2024, hiring executives from CAPEX.com,
Amana Capital, BDSwiss
and other established firms. For example, Wilkinson, who previously
worked at trading education platform TeamFX, has moved through several roles at
Kudotrade since joining as Chief Marketing Officer.
The broker
offers CFD trading with what it describes as low spreads and fast execution,
targeting both new and experienced traders through its technology platform.
CFD broker
Kudotrade has hired Stathis Flangofas as its new Chief Financial Officer (CFO) as
the company prepares to launch its proprietary trading platform later this
month.
Flangofas
joins from a 16-year career at major brokerages, including Capital.com and HFM,
where he handled large-scale financial operations and regulatory compliance.
His appointment comes just days before Kudotrade plans to roll out Kudo Funded,
its prop trading platform that will allow traders to access capital without
risking their own money.
Finley Wilkinson, Director at KudoTrade (Photo: LinkedIn)
"We
are thrilled to welcome Stathis as our new Chief Financial Officer," said
Finley Wilkinson, Director at Kudotrade. "His extremely impressive
background and proven track record in leading financial strategy at top-tier
institutions make him an invaluable addition to our leadership team."
Deep Financial Leadership
Background
Flangofas
brings substantial experience from his most recent role as Group CFO at HFM,
where he spent over a year managing financial planning and forecasting across
multiple subsidiaries. At HFM, he provided strategic financial input to the CEO
and board while overseeing cash flow management, client fund segregation, and
treasury operations across multiple regions.
Before HFM,
he served as Group CFO at SquaredFinancial for more than three years, managing
the company's financial planning and cash flows while leading finance teams in
Cyprus and internationally. His tenure at Capital.com as Group CFO from 2018 to
2021 involved handling regulatory reporting for both CySEC and FCA, along with
developing yearly business plans and forecasts.
His
experience extends beyond traditional CFO roles. Flangofas simultaneously held
the Group CFO position at Currency.com, described as the world's first
regulated tokenized securities exchange, where he managed financial operations
for the crypto trading platform. He also served as a Non-Executive Director at
HYCM for nearly a decade, chairing the risk management committee.
Timing Points to Expansion
Push
The CFO
hiring suggests Kudotrade is gearing up for growth. The company operates under
a Mauritius Financial Services Commission license and serves clients across
more than 130 countries. The broker gained attention earlier this year when it
secured regulatory approval and began recruiting experienced professionals from
established CFD firms.
Flangofas
will oversee financial strategy and risk management as Kudotrade enters the
competitive prop trading space. The sector has seen established CFD brokers
like OANDA and Axi launch their own funded trader programs, while traditional
prop firms have moved into brokerage services.
"The
story of Kudotrade really impresses me, particularly for how it has quickly
established itself as a truly innovative broker," Flangofas said about his
appointment.
Kudotrade's
entry into prop trading follows a broader industry trend. Major CFD brokers
have added funded trading programs as supplementary revenue streams, while
dedicated prop firms have moved in the opposite direction by acquiring
brokerage licenses.
The company
has been building its team throughout 2024, hiring executives from CAPEX.com,
Amana Capital, BDSwiss
and other established firms. For example, Wilkinson, who previously
worked at trading education platform TeamFX, has moved through several roles at
Kudotrade since joining as Chief Marketing Officer.
The broker
offers CFD trading with what it describes as low spreads and fast execution,
targeting both new and experienced traders through its technology platform.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Bank of London Product Head: “Clients Don’t Want to Wait for Cutoff Times” On-Chain
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
