OctaFX appoints Thomas Selby as commercial director

abdelaziz Fathi

Multi-regulated brokerage firm OctaFX has appointed Thomas Selby as its commercial director with immediate effect.

Thomas Selby

Selby lands at OctaFX after having worked with an array of FX brokers across his lengthy career that dates back to 2004. He served most recently at Cyprus-based FX broker OneRoyal where he spent eight months as the group’s chief sales officer.

Prior to that, Selby worked at Trade EverestCM, a retail forex broker regulated by Mauritius Financial Services Commission (FSC), as its chief business development officer. The industry veteran, whose career in the financial service industry spans more than 17 years, stepped into his position with Trade EverestCM barely one month after he was installed in an analogous role at IronFX.

Prior to IronFX, he spent the bulk of his career in the foreign exchange industry with Exinity, which was launched in 2020 by entrepreneur, Andrey Dashin. The group is chaired by FXTM co-founder, Olga Rybalkina and is comprised of the various retail businesses owned by Dashin, which includes Alpari International, ForexTime (FXTM) and Exinity Capital East Africa in Nairobi.

Selby served for more than eight years at Exinity where he held several roles including the head of international business division. He also worked as head of sales from 2014 to 2020 after he was brought originally in as a business development manager for Asia back in 2013.

Selby’s experience in the brokerage industry started at FxPro in 2007 when he joined the retail FX broker as a customer support supervisor. Then, he joined the Cypriot broker FIBO Group back in 2010.

Selby spent three years at the multi-asset brokerage and left in 2013 when he was the man in charge of leading support, sales, IB and back office departments.

Selby’s experience across the mainstream markets should help OctaFX at a time when the firm is expanding the reach of the offering that is primarily focused on retail trading.

Back in 2019, OctaFX acquired a license from CySEC, which allowed the firm to operate an EU-based subsidiary and onboard clients from across the continent.

Founded in 2011, OctaFX had been operating via a St. Vincent and Grenadines subsidiary. While that provided the firm with flexibility on leverage and bonuses to clients, the hardships of the industry in the offshore payments space prompted firms to look for more stringent regulatory jurisdictions.

We last reported about the brokerage firm earlier in October when OctaFX announced it is about to launch its proprietary trading platform ‘OctaTrader’ – an entirely in-house project with a focus on appearance and functionality in order to offer a user-friendly interface as well as quick and smooth performance.

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