OctaFX Promotes Nikolas Charalampous as Head of Dealing
- Charalampous has been a mainstay at OctaFX for more than two years, having originally joined the FX broker back in 2018.
OctaFX has elevated its Head of Trading, Nikolas Charalampous, to the role of Head of Dealing, which saw the expansion of his day-to-day responsibilities and oversight.
Charalampous has been a mainstay at OctaFX for more than two years, having originally joined the FX broker back in 2018. For the bulk of his time at OctaFX, he oversaw demand from retail and professional investors for the group’s products.
However, his promotion comes at a time when the company grapples with a sector-wide regulatory crackdown, prompting dramatic changes in the retail business and sometimes hurting revenues.
This was a key reason for elevating Charalampous to an expanded role as OctaFX opted for an experienced and steady hand to foster its scope and penetration into existing and emerging markets.
Prior to landing at OctaFX, Charalampous was employed as a Dealer at FXPRIMUS. Additionally, he spent five years at the UK trading technology provider, TechFinancials, where he held several roles across the Broker / Dealing room / Back Office departments, according to his Linkedin profile.
Back in 2019, OctaFX acquired a license from CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term, which allowed the firm to operate an EU-based subsidiary and onboard clients from across the continent.
Founded in 2011, OctaFX had been operating via a St. Vincent and Grenadines subsidiary. While that provided the firm with flexibility on Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term and bonuses to clients, the hardships of the industry in the offshore payments space prompted firms to look for more stringent regulatory jurisdictions.
We last reported about the brokerage firm earlier this month when Malaysia’s financial regulator said a fraudulent clone platform has been posing as OctaFX. Although the firm is heavily regulated in Europe, such authorisations do not entail passporting rights to promote their products in Malaysia.
OctaFX has elevated its Head of Trading, Nikolas Charalampous, to the role of Head of Dealing, which saw the expansion of his day-to-day responsibilities and oversight.
Charalampous has been a mainstay at OctaFX for more than two years, having originally joined the FX broker back in 2018. For the bulk of his time at OctaFX, he oversaw demand from retail and professional investors for the group’s products.
However, his promotion comes at a time when the company grapples with a sector-wide regulatory crackdown, prompting dramatic changes in the retail business and sometimes hurting revenues.
This was a key reason for elevating Charalampous to an expanded role as OctaFX opted for an experienced and steady hand to foster its scope and penetration into existing and emerging markets.
Prior to landing at OctaFX, Charalampous was employed as a Dealer at FXPRIMUS. Additionally, he spent five years at the UK trading technology provider, TechFinancials, where he held several roles across the Broker / Dealing room / Back Office departments, according to his Linkedin profile.
Back in 2019, OctaFX acquired a license from CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term, which allowed the firm to operate an EU-based subsidiary and onboard clients from across the continent.
Founded in 2011, OctaFX had been operating via a St. Vincent and Grenadines subsidiary. While that provided the firm with flexibility on Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term and bonuses to clients, the hardships of the industry in the offshore payments space prompted firms to look for more stringent regulatory jurisdictions.
We last reported about the brokerage firm earlier this month when Malaysia’s financial regulator said a fraudulent clone platform has been posing as OctaFX. Although the firm is heavily regulated in Europe, such authorisations do not entail passporting rights to promote their products in Malaysia.