Since become licensed by the FCA in 2013, social trading broker eToro has been migrating its operation towards the UK. Solidifying their presence in the country, they have appointed Paul Chrime as UK Director.
Upon becoming regulated with the FCA in the UK last year, social trading broker eToro has been migrating more of its operations into the country. Speaking to CEO Yoni Assia last year, he explained to Forex Magnates that this will include both its core compliance and dealing activities in the UK from what has previously been conducted exclusively in Cyprus. Solidifying their foothold in the UK, eToro has recently hired Paul Chrimes as its new Director of UK Business.
Chrimes arrives from MIG Bank where he was the broker’s COO during the period of its sale to publicly traded Swissquote. Before that he was employed as the CEO of E*Trade’s international operations in the UK. At eToro, Chrimes is expected to provide broker related experience in operating within the UK and EU jurisdictions.
Commenting to Forex Magnates about the hiring, Yoni Assia stated:"eToro is thrilled to have Paul on board with us. Paul brings with him a tremendous amount of experience. I am confident that with Paul on board, we will continue to achieve great things and spearhead the financial revolution lead by the UK as its heart and global centre." Paul Chrimes added, “I am delighted to join eToro and am excited and looking forward to using my experience gained within the securities and Forex industries to assist this rapidly-growing and technologically advanced company launch its UK business.”
Following Plus500’s successful floating of shares on the London Stock Exchange’s AIM marketplace last year, and subsequent run-up of their stock, there has been no shortage of brokers and technology providers being linked to potential IPOs. Among firms connected to possible IPOs are OANDA, Alpari and Anyoption, while several larger CySEC regulated brokers and a large binary options provider are also being linked to exploring the floating of shares.
As a venture backed fund, where early investors are known to seek definitive exit strategies before investing, by default eToro’s name will also appear on short lists of brokers with a goal of going public. After raising over $23 million over 2011 and 2012 to help fund eToro’s activity of completely pivoting to become a social trading broker, the broker has been quiet in the funding arena. The lack of additional investments could indicate that eToro has reached a point where it is achieving consistent profitability and able to fund its growth from its internal operations.
If they are in fact profitable and growing, while simultaneously creating an image of a global social trading brand with their UK regulations, it would put them in the direction of becoming an IPO candidate. In addition, having been launched in 2007, eToro has also reached the stage of its existence (6-8 years) where venture funds are typically expected to achieve fruition of an exit strategy which has begun to take place.
Although seemingly on the path for an IPO or towards an additional round of funding, representatives of eToro wouldn't comment on what their plans are and if in fact Chrimes' appointment and solidifying their presence in the UK is a step towards floating shares on the LSE.
Upon becoming regulated with the FCA in the UK last year, social trading broker eToro has been migrating more of its operations into the country. Speaking to CEO Yoni Assia last year, he explained to Forex Magnates that this will include both its core compliance and dealing activities in the UK from what has previously been conducted exclusively in Cyprus. Solidifying their foothold in the UK, eToro has recently hired Paul Chrimes as its new Director of UK Business.
Chrimes arrives from MIG Bank where he was the broker’s COO during the period of its sale to publicly traded Swissquote. Before that he was employed as the CEO of E*Trade’s international operations in the UK. At eToro, Chrimes is expected to provide broker related experience in operating within the UK and EU jurisdictions.
Commenting to Forex Magnates about the hiring, Yoni Assia stated:"eToro is thrilled to have Paul on board with us. Paul brings with him a tremendous amount of experience. I am confident that with Paul on board, we will continue to achieve great things and spearhead the financial revolution lead by the UK as its heart and global centre." Paul Chrimes added, “I am delighted to join eToro and am excited and looking forward to using my experience gained within the securities and Forex industries to assist this rapidly-growing and technologically advanced company launch its UK business.”
Following Plus500’s successful floating of shares on the London Stock Exchange’s AIM marketplace last year, and subsequent run-up of their stock, there has been no shortage of brokers and technology providers being linked to potential IPOs. Among firms connected to possible IPOs are OANDA, Alpari and Anyoption, while several larger CySEC regulated brokers and a large binary options provider are also being linked to exploring the floating of shares.
As a venture backed fund, where early investors are known to seek definitive exit strategies before investing, by default eToro’s name will also appear on short lists of brokers with a goal of going public. After raising over $23 million over 2011 and 2012 to help fund eToro’s activity of completely pivoting to become a social trading broker, the broker has been quiet in the funding arena. The lack of additional investments could indicate that eToro has reached a point where it is achieving consistent profitability and able to fund its growth from its internal operations.
If they are in fact profitable and growing, while simultaneously creating an image of a global social trading brand with their UK regulations, it would put them in the direction of becoming an IPO candidate. In addition, having been launched in 2007, eToro has also reached the stage of its existence (6-8 years) where venture funds are typically expected to achieve fruition of an exit strategy which has begun to take place.
Although seemingly on the path for an IPO or towards an additional round of funding, representatives of eToro wouldn't comment on what their plans are and if in fact Chrimes' appointment and solidifying their presence in the UK is a step towards floating shares on the LSE.
Interactive Brokers Settles Nasdaq Charges, Agrees to $475,000 Fine
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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