Exclusive: INFINOX Opens an Office in Portugal, Plans Africa Expansion

The FCA-regulated brokerage is setting foot in continental Europe to maintain its growth momentum

Over the past several years, INFINOX has been one of the companies in the industry that has enjoyed a steady period of growth. Notwithstanding ESMA’s product intervention measures, the company maintained a healthy top and bottom line and its steep ascent as one of the best performing brokers in the UK is allowing the firm to focus on new markets.

In a statement shared with Finance Magnates, the company’s CEO Robert Berkeley announced the opening of the company’s new office in Portugal.

“I am delighted to announce the opening of our Lisbon office. Our ethos has always been to focus on a premium service. One of the most important ingredients in this is delivering a local service supported by a global infrastructure. The Portugal office is another important step in delivering this philosophy,” Berkeley elaborated.

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Regional Expansion

The company’s new office in Lisbon is part of its strategy to develop its global footprint. The new branch of INFINOX in Lisbon has been approved by the FCA and will operate under the supervision of the Portuguese financial regulator CMVM.

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Aside from Portugal, the office will also be servicing clients of the company in Spain. Berkeley also elaborated that the company plans to use its new Lisbon location as a hub to further expand in Europe and parts of Africa. Portuguese is an official language in six African countries including Angola and Mozambique. 

The company is starting operations in the new branch with five employees but plans to gradually increase the number, turning the location as the main hub for the firm to extend its footprint into the largely untapped African market.

Regional Manager

Tiago da Costa Cardoso has been appointed to head the new regional office which will cover the Iberian Peninsula. Prior to joining INFINOX, he had an extensive and successful career at XTB for almost eight years and is well experienced in financial markets. The new branch had a formal launch at the British High Commission in Lisbon in an event hosted by the British Ambassador to Portugal, Chris Sainty.

INFINOX
Official opening of the new INFINOX office in Lisbon, from left to right: Tiago da Costa Cardoso, Robert Berkeley and Ambassador Chris Sainty.

“This is a great opportunity for INFINOX to become an established player in Portugal and I am delighted to be part of INFINOX who were considered one of the top 100 British private technology companies for the second year running by Sunday Times Tech Track 100,” said the Regional Manager of the firm, Tiago da Costa Cardoso.

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