Exclusive: Nikos Antoniades Takes over at the Helm at easy-forex from Michael Konnaris
The company's current CEO Michael Konnaris is to step down, following his 8 year career at the company, as ex-CFO
Forex Magnates has confirmed that the current Chief Executive Officer (CEO) of easy-forex, Michael Konnaris has stepped down after almost 8 full years at the company. According to the information obtained exclusively from Mr. Konnaris by Forex Magnates, his replacement is the brokerage’s current Chief Financial Officer (CFO), Nikos Antoniades.
The company’s outgoing CEO stated to our reporters that the company is “happy to confirm Nikos Antoniades is the new easy-forex CEO as of today! I am not going anywhere, I’m still part of management, as an Executive Board Member.”
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Mr. Antoniades will be responsible for driving the company forward, and stated in his own words, “Building on a solid foundation, easy-forex will continue enabling our clients to trade any market they want, using simple and usable platforms.”
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Mr. Konnaris proceeded to clarify, “Nikos is an accomplished leader, with a track record of almost two decades working in high-growth key financial positions in companies as Ernst & Young and V-Ship group. He joined easy-forex in 2007, and prior to becoming CEO, Nikos held the deputy CFO position and later on the CFO position. Nikos holds an MBA from The University of Warwick, as well as an FCCA, and we are confident of easy-forex’s future success and growth having him. These are very exciting times for easy-forex and I am confident easy-forex will reach new heights.”
According to the company’s statement to Forex Magnates, Nikos brings a great mix of leadership, inspiration, operational experience, technical breadth and passion for customer care. In addition, he has vast experience in establishing new ventures and has done a great job with easy-forex’s formation and preparation for the organization’s growth.
According to his LinkedIn profile, Mr. Konnaris started his long career at easy-forex as Chief Dealer back in 2005, subsequently moving on to become COO for a year in 2010, and and taking over at the helm in January of 2011.
The move comes after recent restructuring efforts caused by the increasing focus by easy-forex to become more deeply involved in the Chinese market, and merely a month after the company’s Chief Marketing Officer, Hillik Nissani, parted ways with the firm.
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big mistake done by shareholders by ousting Mr Konnaris. He is the one who built the company, and he is the one who made it survive during the difficult times and fierce competition. With all respect to Mr Antoniades, but, I stongly believe Michael is the one who knows EF. No michael no EF.
@James : it’s amazing how little you know about Easy Forex 🙂
@James: Michael was not ousted. It was his decision to step down after many years. He is still part of management.
@MC: it’s amazing how big you know about Easy Forex 🙂 hehe
@SF: Good to hear that. I hope it is true
@James: Yes I happen to know quite a bit 🙂
@James you are absolutely right. I know Michael personally and he is one of the best people who can run the company.
@MC you do not know what you really know 🙂
@MC since you admit it is only a bit, then listen to your superiors.
Oh no, just saw this now! I cannot believe that EF did this to Michael!!! even though the article says that he will stay there in management, yet such an honorary position will not help the company. I believe that Michael should be the last person to be excluded from EF.
@James: Honestly you don’t know anything. I was involved with EF long before Michael joined the company and I know exactly who established and built the company. Michael was working as the chief dealer, and with very little involvement on most company operations, up until the point in late 2010 when the previous CEO (and shareholder) moved to the US to oversee the Easy Forex USA operations. Michael did his part but he did not do half the stuff you think he did. The real decision makers at EF had always been the major shareholders and you are very naive… Read more »
Firstly I would like to say congrats to Nikos. Easy forex needs a change. But frankly , he was the best of a bad bunch. Easy forex is going down into the gutter after a lot of good staff left this last 6 months. What’s left are the ones that really shouldn’t be in the industry anymore, if at all in the first place. Did Michael Connaris even know anything about forex or is he just a CON man? I have seen many of his interviews and I really don’t know if he knows anything, does he even know what… Read more »
@MC well if the real decision makes were the shareholders as you claim, then if shareholders are interfering in the company’s decisions and it is not the CEO who is deciding, the this is the main reason for the fall of easy forex. This takes us again to the point that you know ZERO about easy forex, and all what you said are just theories in the air. so LISTEN TO ME I AM YOUR SUPERIOR
@FX Insider, you are mistaken my friend. Michael Konnaris is the one and only one. He is the one who built the dealing room and the company, and because of him, the company is still alive. As for Markos Solomou he is a smart man, and the guy knows more marketing than Hilik. Hilik has lots of experience, but in 888 not in forex. You know, you need someone from the industry. Well as for Nicholas Shamtanis I have no comments. I wont say anything
@FX Insider you are compeletely mistaken it is the opposite. Michael and Markos have lots of knowledge and experience, while Nikolas Shamtanis has no idea what forex is . hehehe
@James: Once again. You are talking about things you don’t know. You just repeated my point about the shareholders running the company which is a fact and anyone who knows them can easily confirm. I never said it was Michael’s fault that the company was going down. I just said that your comments about him “building the company” and that “he was the one who made it survive during the difficult times” were total BS. Please read my original post and then crawl back under your little rock and work on other BS theories based on your zero knowledge of… Read more »
@MC Wow calm down, take a chill pill. All what you said was nonsense. Michael was the guy. Full stop. You will come one day and tell me you were right. I will still be under the rock wooooowha
As an MM with huge spreads surely this is an outdated business model in FX. I think their problem is that they are aiming at the bottom of the barrel for the clients, with a higher probability of losing their initial deposit.
thats a fair point, but one of the major selling points for any brokerage today is to be stp/ ecn, even if a large majority of companies are placing the orders on b book.
I will say this for EE, they have a good aff / ib program, however where it is cpa driven you may get higher instances of aff / ib fraud.
I think they need to up their min deposit, as they are not a brand that should be fighting with the bottom feeders.
I should also add, that I am saying this from the perspective of being a longtime IB in the industry, not someone taking a cheap shot at them.
If they want to go down the $25 usd deposit route then they should open a Binary brand.
@paul: You’d be surprised at how big the percentage of traders who open accounts at $25 who end up trading much more is. The EF business model was (is) based on the long tail theory that they will cater and service every type (and size) of client. There are far more many people that are willing to risk a few hundred dollars than a few thousand dollars. So on a large scale the numbers add up. Your comment about binary is correct in that they are targeting the same audience. The difference is that EF has been doing this for… Read more »