M4Markets parts ways with Nick Jay after three years
Seychelles-regulated brokerage firm M4Markets has parted way with Nick Jay, who spent the last three years in the capacity of its chief business development officer.
Nick has been with M4Markets since 2020, but his lengthy career in the industry dates back to 2003. Prior to that, he had a five-year tenure as head of partnerships at HotForex.
Other stops include the role of global sales manager at IronFX between 2013 and 2015 and a retention manager FXGM.
Earlier this year, M4Markets appointed Marios Antoniou as its Chief Operations Officer. He brings nearly nine years of experience, having worked in a variety of FX companies in operations and C-level positions. This include different stints at TopFX and IronFX, where he kicked off his career back in 2014.His most recent appointment caps off a short stint with forex and CFDs broker, Invaxa.
Earlier in October, M4Markets acquired a Cyprus investment firm to provide a regulatory stamp for the company’s business under CySEC’s supervision.
M4Markets and the group behind M4Markets, the Oryx Group, have acquired ICC Intercertus Capital Ltd, a legal company regulated by CySEC. Following the takeover, ICC Intercertus Capital Ltd are now operating as the legal name of Harindale Ltd under the brand name M4Markets Europe.
Operating under the Cysec umbrella allows M4Markets to leverage its new regulatory profile to expand its services into the European markets. Further, the group’s operational capability has been substantially enhanced with the Cypriot approval as the company is now authorised to provide investment and professional trading services, including transferable securities, derivatives, and foreign exchange.
Established in 2019, M4Markets is the trading name of Trinota Markets Global Limited. The broker maintains its head office in the Seychelles and is licensed by the country’s Financial Services Authority (FSA).
The firm was in the news recently after it picked up some investment from Cyprus and Dubai based investors in a new funding round that it will be using to grow its business.
The lesser-known platform has not shared any details about the capital injection amount. M4Markets also didn’t disclose the identity of the investors participating in the financing round, though it says they acquired a significant stake.