简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:BUX, a Dutch online broker, announced on Wednesday the completion of its acquisition of a Cyprus Investment Firm (CIF), thus gaining a regulatory green light to offer financial services from Cyprus.
Nahas will oversee BUXs CFDs business in Europe.
The company has migrated EU CFDs clients to the new entity.
BUX previously offered contracts for differences (CFDs) products only under its FCA-regulated UK unit. The acquisition of the Cypriot license came after Brexit as the company is focused on continuing its services to European Union clients. It has completed the migration of its European Union CFDs clients from the UK subsidiary to the European entity.
The broker even has expansion plans in the CFDs trading services within Europe.
New MD Onboard
To gear up the Cyprus business, BUX hired Jean-Raphael Nahas as the new Managing Director of its Cyprus CFD operations. He will oversee all of BUXs European CFDs businesses.
“BUX is a well-established and respected brand in Europe,” Nahas said. “BUX continues to differentiate itself within the CFD space, and with its strong growth plans, I look forward to working with the talented team and bringing BUX to the next level.”
Nahas himself comes with a strong financial industry background. In his decade-long professional career, he worked with several big names in the industry.
Before joining BUX, he was the Chief Operating Officer at Finteractive for a couple of years. Additionally, he led IMS Markets as an Executive Director and CEO for a short stint.
Based in Cyprus, he started working in the financial industry at Blackwell Global Investments as the Head of Business Development. Moreover, he had a short stint at the Cypriot financial services firm, FX88.
“BUX is looking forward to bringing on board someone with Jean-Raphaels track record of driving growth, business development opportunities and heading operational management,” said BUX's CFD CEO, Salim Sebbata who joined the company last July.
“BUXs CFD business is in a pivotal moment of development as we continue to build on the strong momentum of interest in the world of online trading.”
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
The US stock index futures had a solid start to the week, suggesting that the market's perception of risk has changed. The preliminary April Consumer Confidence numbers will be released by the European Commission on Monday, along with a speech by the president of the European Central Bank (ECB). No significant data releases on the US economic docket are scheduled.
In recent years, the rise of online trading has brought with it a proliferation of brokerage firms, promising lucrative returns and financial success. However, alongside legitimate platforms, there exists a shadowy underbelly of deceitful operators preying on unsuspecting investors. Among these, GO4REX stands out as a prime example of a broker tarnishing the industry's reputation with its fraudulent activities.
Learn to build a robust Forex trading strategy from scratch, enhancing your trading style and success chances in the volatile market.
Many businesses have either had financial difficulties in the last year or have completely stopped operating. Among other things, shortages and several forex-related losses have been the main reasons of these occurrences. Many manufacturing company’s losses up to trillions of Naira as a result of the currency's depreciation.