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Former BMFN executive Stefan Pashaliyski founds consultancy for startup FX brokers in Bulgaria

Andrew Saks-McLeod, Head of Research and Analysis, ETX Capital

Bulgaria has become a region with a burgeoning FX industry, populated by brokerages, technology providers and web development and digital firms. Today, this takes a further step in its evolution as Stefan Pashaliyski has founded startFXbroker.com which is a management consultancy offering professional services to individuals and corporations wishing to start a FX brokerage in […]

Bulgaria has become a region with a burgeoning FX industry, populated by brokerages, technology providers and web development and digital firms.

Today, this takes a further step in its evolution as Stefan Pashaliyski has founded startFXbroker.com which is a management consultancy offering professional services to individuals and corporations wishing to start a FX brokerage in Bulgaria.

Mr. Pashaliyski esablished ForexJobs.bg in Sofia, Bulgaria in November 2015 alongside a series of FX industry professionals as an agency which recruits for the FX and binary options sector.

Before making a foray into the human resources side of the FX industry, Mr. Pashaliyski was Sales Director at FXTrader magazine in Sofia, Bulgaria for two years between May 2013, and still retains the position to this date alongside his new venture.

Like many successful entrepreneurs in this industry, Mr. Pashaliyski is an alumnus of BMFN, where he was an Investment Consultant between March 2011 and September 2012.

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Stefan Pashaliyski

BMFN, led by CEO Luis Sanchez, was founded in 1997 and is owned by Paul Belogour. The company has had tremendous success in China, and has been a ground from where some of the industry’s most respected talent have emerged, giving rise to an FX technology ecosystem and array of service providers in Boston, Massachussets that are well recognized in the FX industry today.

As far as services are concerned, Mr. Pashaliyski’s new firm offers an end to end establishment service which includes MiFID licensing, advice on choosing the appropriate legel form capital structure and managerial organization as well as provision of an FSC license to operate an FX firm in Bulgaria and full preparation of documentation as well as structural consultancy with regard to the operations of the business.

The company also offers a service which recruits industry professionals for new startups, as well as providing a solution for opening a call center. Accounting, audit, IT support and office space is provided by the firm via partnerships with firms in Bulgaria which have experience in servicing the FX industry.

 

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