FX broker 4T lures EX-SquaredFinancial CEO Youssef Barakat

abdelaziz Fathi

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.

Read this next

Digital Assets

Masa Announces Comprehensive AI Developer Ecosystem with 13 Dynamic Partners Focused on Leveraging Decentralized Data and Large Language Models

In a groundbreaking development, Masa, the global leader in decentralized AI and Large Language Models (LLMs), proudly announces the launch of its AI Developer Ecosystem, partnering with 13 visionary projects.

Financewire

Kinesis Mint becomes the official partner for the House of Mandela

Kinesis Mint, the certified independent precious metals mint and refinery of Kinesis, the monetary system backed by 1:1 allocated gold and silver, has been appointed the exclusive coin producer for the House of Mandela.

Chainwire

Kadena Announces Annelise Osborne as Chief Business Officer

Kadena, the only scalable Layer-1 Proof-of-Work blockchain, expands its leadership team by onboarding Annelise Osborne as Kadena’s new Chief Business Officer (CBO).

Fintech

TNS brings full-stack market data management to EMEA

“We are also delighted to have Ben Myers join our London-based TNS Financial Markets team as Head of Strategic Sales for EMEA, to bolster our presence in the region.”

Chainwire

Velocity Labs and Ramp Network facilitate fiat to crypto onramp on Polkadot via Asset Hub support

Velocity Labs is proud to announce a fiat to crypto onramp using Ramp Network through the integration of Asset Hub. Through it, Ramp will be able to service any parachain in the Polkadot ecosystem.

Executive Moves

INFINOX hires Mayne Ayliffe as Global Head of HR

“I look forward to working with our teams around the world to develop a strategic HR agenda that supports high performance and is centred on human motivation.”

Fintech

Sterling to provide risk and margin support for fixed income

“Firms must have the tools to effectively manage their risk across all asset classes. As yields rise, we see more exposure from clients in the fixed income space. We understand their need to measure and mitigate risk in a highly regulated environment.”

Retail FX

FXOpen launches HK share CFDs: Tencent, Alibaba, Xiaomi, Baidu

Hong Kong share CFDs will be commission-free for a limited period of time.

Retail FX

IronFX Celebrates an Award-Winning Start to 2024 with a Series of Industry Recognitions

IronFX, a global leader in online trading, has embarked on 2024 with a spectacular display of accolades that highlight its commitment to excellence and innovation in the competitive financial services sector.

<