Financial and Business News

Trade Nation Names Former Finalto Sales Director Luis dos Santos as Portugal CEO

Thursday, 05/02/2026 | 16:45 GMT by Jared Kirui
  • Dos Santos previously held roles at multiple brokers, including, IG, Markets.com, and Trading 212.
  • Other recent high-profile hires at the broker include the former Capital.com CEO as Managing Director.
Luis Dos Santos

Luis Raposo dos Santos is now the Chief Executive Officer for Portugal at Trade Nation, according to an update on his LinkedIn profile. He will be based in Lisbon, where the broker is building a dedicated local presence.

Last year, Trade Nation established a new entity in the region, announcing recruitment for several key positions to support the operation. The advertised roles were largely compliance -focused, including a Head of Compliance, Risk Manager, and System Administrator.

Trade Nation Strengthens EU Presence

Before joining Trade Nation, dos Santos was Sales Director, LATAM at Finalto, based in London. He previously served as Global Business Development Head at Markets.com and Head of Partnerships at Vida Markets. Earlier in his career, he was UK Head of Client Services & On-Boarding at Trading 212 and also held roles at IG Group.

Trade Nation has been strengthening its leadership in the recent past through several high-profile appointments. Philippe Capelle joined as Chief Marketing Officer.

Other hires include Kypros Zoumidou, who joined as Managing Director, and Chief Executive Officer Jon Noble, both of whom previously held senior roles at the London-listed broker IG. Commenting on the hires, Noble mentioned that “we have some ambitious strategic plans to develop Trade Nation, and having Kyp on board will really help us move the business to the next level.”

Trade Nation Swings Back to Profit in the UK

In the UK the broker recently reported a return to profitability in its operations, posting a net profit of £996,766 for the financial year ending 30 November 2024, compared with a net loss of £2.2 million a year earlier.

This turnaround was underpinned by a rise in revenue to £21.7 million from £13.4 million, while gross profit increased to £18.1 million from £13.1 million despite sales and hedging-related costs.

Operating profit reached £636,136, a significant improvement on the £2.6 million operating loss recorded in the previous year. The bottom line was further supported by a reduction in the tax charge to £48,778, down from £332,867 in 2023.

Luis Raposo dos Santos is now the Chief Executive Officer for Portugal at Trade Nation, according to an update on his LinkedIn profile. He will be based in Lisbon, where the broker is building a dedicated local presence.

Last year, Trade Nation established a new entity in the region, announcing recruitment for several key positions to support the operation. The advertised roles were largely compliance -focused, including a Head of Compliance, Risk Manager, and System Administrator.

Trade Nation Strengthens EU Presence

Before joining Trade Nation, dos Santos was Sales Director, LATAM at Finalto, based in London. He previously served as Global Business Development Head at Markets.com and Head of Partnerships at Vida Markets. Earlier in his career, he was UK Head of Client Services & On-Boarding at Trading 212 and also held roles at IG Group.

Trade Nation has been strengthening its leadership in the recent past through several high-profile appointments. Philippe Capelle joined as Chief Marketing Officer.

Other hires include Kypros Zoumidou, who joined as Managing Director, and Chief Executive Officer Jon Noble, both of whom previously held senior roles at the London-listed broker IG. Commenting on the hires, Noble mentioned that “we have some ambitious strategic plans to develop Trade Nation, and having Kyp on board will really help us move the business to the next level.”

Trade Nation Swings Back to Profit in the UK

In the UK the broker recently reported a return to profitability in its operations, posting a net profit of £996,766 for the financial year ending 30 November 2024, compared with a net loss of £2.2 million a year earlier.

This turnaround was underpinned by a rise in revenue to £21.7 million from £13.4 million, while gross profit increased to £18.1 million from £13.1 million despite sales and hedging-related costs.

Operating profit reached £636,136, a significant improvement on the £2.6 million operating loss recorded in the previous year. The bottom line was further supported by a reduction in the tax charge to £48,778, down from £332,867 in 2023.

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About the Author: Jared Kirui
Jared Kirui
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Jared is an experienced financial journalist passionate about all things forex and CFDs.

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