Zenfinex, a London-headquartered forex and contract for difference (CFD) broker, has hired Alexandros Kritiotis as its Global Chief Operating Officer.
Kritiotis, who has over 14 years of financial industry experience, announced the appointment on Wednesday in an update to his LinkedIn profile.
However, the executive’s profile shows that he resumed duty earlier in August.
He oversees Zenfinex’s operations across countries, from Cyprus, the United Kingdom, to Lebanon, and the United Arab Emirates.
Kritiotis was previously the Chief Executive Officer of Bulgaria-based StocksTech, a digital investment platform provider, and he worked from the firm’s Cyprus office.
Before StocksTech, he was the CEO of the Cyprus subsidiary of forex
Forex
Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value.
Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value. Read this Term and CFD broker, Blackwell Global, where he worked for over six years.
Between September 2007 and February 2008, he was a Junior Tax Consultant at Deloitte, a London-headquartered business consulting and professional services network.
Recent Appointments in Zenfinix
Zenfinex, which gained a Seychelles license in March, has made a number of appointments since the start of 2022.
In March, the broker hired Jeffrey Navarro, an executive skilled in negotiations, sales and derivatives trading, as its Head of Latin America.
A month earlier in February, the broker also appointed Michel Chabbouh, a veteran with over 14 years of industry experience, as its CEO for Middle East and North Africa (MENA).
Zenfinex tasked Chabbouh with running the company’s operations in the United Arab Emirates as part of his MENA CEO duties.
Meanwhile, in July, the UK’s Financial Conduct Authority raised the alarm on zfxtrade.com, alleging that the website was using Zenfinix’s legal identity to scam people in the country.
Market Performance
Meanwhile, Zenfinex in its 2021 fiscal year reported a 1,281% growth in its revenue which jumped from £17,281 to £238,756.
However, the administrative cost of running the company surged to more than £2 million from £514,198 in the previous year.
Furthermore, the forex and CFD broker’s loss last year deepened 71% to £1.7 million from £496,197 in the previous year..
Zenfinex, a London-headquartered forex and contract for difference (CFD) broker, has hired Alexandros Kritiotis as its Global Chief Operating Officer.
Kritiotis, who has over 14 years of financial industry experience, announced the appointment on Wednesday in an update to his LinkedIn profile.
However, the executive’s profile shows that he resumed duty earlier in August.
He oversees Zenfinex’s operations across countries, from Cyprus, the United Kingdom, to Lebanon, and the United Arab Emirates.
Kritiotis was previously the Chief Executive Officer of Bulgaria-based StocksTech, a digital investment platform provider, and he worked from the firm’s Cyprus office.
Before StocksTech, he was the CEO of the Cyprus subsidiary of forex
Forex
Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value.
Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value. Read this Term and CFD broker, Blackwell Global, where he worked for over six years.
Between September 2007 and February 2008, he was a Junior Tax Consultant at Deloitte, a London-headquartered business consulting and professional services network.
Recent Appointments in Zenfinix
Zenfinex, which gained a Seychelles license in March, has made a number of appointments since the start of 2022.
In March, the broker hired Jeffrey Navarro, an executive skilled in negotiations, sales and derivatives trading, as its Head of Latin America.
A month earlier in February, the broker also appointed Michel Chabbouh, a veteran with over 14 years of industry experience, as its CEO for Middle East and North Africa (MENA).
Zenfinex tasked Chabbouh with running the company’s operations in the United Arab Emirates as part of his MENA CEO duties.
Meanwhile, in July, the UK’s Financial Conduct Authority raised the alarm on zfxtrade.com, alleging that the website was using Zenfinix’s legal identity to scam people in the country.
Market Performance
Meanwhile, Zenfinex in its 2021 fiscal year reported a 1,281% growth in its revenue which jumped from £17,281 to £238,756.
However, the administrative cost of running the company surged to more than £2 million from £514,198 in the previous year.
Furthermore, the forex and CFD broker’s loss last year deepened 71% to £1.7 million from £496,197 in the previous year..
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This text was written byComply withJames Catlin holds levels in Economics and Political Science. He has been actively investing for almost 25 years and is presently the lead economist at Worth Investor's Edge....
