FX broker 4T lures EX-SquaredFinancial CEO Youssef Barakat
Online brokerage firm, 4T, has onboarded FX industry veteran Youssef Barakat to its senior management team.
Youssef brings to the role over two decades of experience in the financial sector cutting across brokerage business and specifically forex, bullion trading and sales. His career, which dates back to 2000, has had a global reach; from working for EFXFX SA in Geneva to becoming a senior trader for FX firms in Dubai and Tokyo. A four-year tenure as the chief operations officer at Abu Dhabi-based Amwal International Financial Brokerage took his career between 2005 and 2009.
Youssef spent the bulk of his career at SquaredDirect, formerly ProbusFX, where he climbed through the ranks for more than 11 years, culminating with the position of the company’s CEO until he left in 2021.
SquaredDirect rebranded in 2018 from its previous tradename, ProbusFX, a Cyprus based financial services provider that was founded in 2017 and soon received its license from the Cyprus regulator. The move came as part of their pairing up with sister company Squared Financial Services Limited, now trading as SquaredPro, to form the Squared Financial Group.
Commenting on his appointment, Youssef Barakat said: “I am thrilled to join 4T and look forward to leveraging my skills and experience to expand and grow the business to new heights, including expanding into Europe and Asia.”
“We plan to do this by leveraging our skills and experience in the industry. The specific goals mentioned are expanding our presence into Europe and Asia and improving our technology offerings, such as our trading app – 4T Trader. We are looking to increase the company’s reach and competitiveness by entering new and potentially more lucrative markets and offering cutting-edge technology to clients. Additionally, we are looking to expand to more regulated jurisdictions which can also be beneficial to the company. We are determined and confident in achieving these goals, and we will work hard to achieve them.”
Established in 2019, 4T is a market-leading provider in CFD trading, authorised and regulated in various jurisdictions throughout the world. The 4T aggregation engine is hosted in specialized data centers across New York and Tokyo alongside the majority of top tier banks and liquidity providers to minimize the latency and optimize efficiency.
Developed by Swiss-based 4T Technology, the fintech arm of 4T, the app features a wide range of tools and indicators to help traders identify trading opportunities and complement their strategies. Among other things, the app enables clients to open new positions, check their current trades, and manage their money regardless of where they are or if they’re on the move.
