The ambitions of TopFX International within the rising markets of Latin America have turn out to be clearer because the foreign exchange and contracts for variations (CFDs) dealer has appointed Nordine Mejd because the Director for the Latam area. In response to his LinkedIn profile, he assumed the function earlier this month.
Brokers’ Concentrate on Latam
TopFX International, the Seychelles-registered entity that operates globally, holds a Seychelles licence. Its retail choices embrace CFDs on foreign exchange, indices, shares, metals, energies, ETFs, and cryptocurrencies. The model can also be identified for its institutional choices, because it operates as a chief CFDs dealer with 12 years of experience in liquidity companies.
For the brand new function, Mejd relies within the Cyprus places of work of TopFX.
A number of different brokers have additionally been specializing in their methods within the rising Latam markets, that are rising markets alongside Asia and Africa. Lately, ATFX appointed a Development Supervisor for the Latam area, whereas Exness opened its first bodily workplace in Uruguay final yr.
Two of the most important nations within the Latam area, Brazil and Mexico, have populations of 204 million and 131 million in 2023, respectively, in keeping with the IMF. If solely 0.2 % of the inhabitants of those two nations commerce CFDs, as is the case for the UK, there’s a potential for 290,000 energetic buying and selling accounts in Brazil and 450,000 in Mexico.
Time with Different Brokers
Mejd brings greater than a decade of expertise within the monetary companies trade to his new function at TopFX. Most just lately, he was the Chief Working Officer at SEC Markets, a retail CFDs dealer with claimed presences in Dubai and St Vincent and the Grenadines. There, he spent the final yr.
Nevertheless, his most distinguished expertise was at TTCM Merchants Belief, a multi-licensed CFDs dealer, the place he spent ten years of his profession. As seen on his LinkedIn profile, he joined the Cyprus places of work of the dealer because the Head of Portfolio Administration in mid-2013 after which climbed up the company ladder to turn out to be the Head of Enterprise Growth after which the Govt Director. He parted with that firm final yr.
This text was written by Arnab Shome at www.financemagnates.com.
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