VT Markets hires Eslam Elshafay as Operations Manager of MENA region

Rick Steves

“I look forward to working closely with the talented team in the region and contributing to the company’s continued success in the global forex market.”

VT Markets has appointed Eslam Elshafay as Operations Manager for the MENA (Middle East and North Africa) region of the multi-asset CFD broker.

Eslam Elshafay joins VT Markets from Accuindex, where he served as CS & Operations Manager for two and a half years and played a pivotal role in the success of the Dubai-headquartered Forex broker.

His wealth of experience in the forex industry includes roles of Senior Onboarding Specialist at Multibank Group and FXGate.

Eslam Elshafay to oversee daily operations of VT Markets in MENA region

VT Markets aims to leverage his over five years of experience in the forex industry that resulted in a comprehensive understanding of the market’s dynamics and a keen eye for identifying emerging trends. Eslam Elshafay gathered expertise in risk management, compliance, and operational strategies, which will prove useful for VT Markets.

Eslam Elshafay will be responsible for overseeing the day-to-day operations, ensuring seamless execution of services, and maintaining the highest standards of customer satisfaction. His leadership abilities and strategic vision will help streamline internal processes, drive organizational growth, and foster a culture of excellence within the MENA region.

“I am thrilled to be joining VT Markets as their Operations Manager for the MENA region. VT Markets is renowned for its commitment to providing clients with innovative trading solutions and exceptional service. I look forward to working closely with the talented team in the region and contributing to the company’s continued success in the global forex market”, said Eslam Elshafay.

Founded in 2015, VT Markets has been strengthening its position within the retail FX and CFD brokerage industry as of late by integrating some of the most popular tools and features, including TradingView and Acuity Trading’s Signal Centre, as part of its 2023 roadmap. The broker also reported significant growth in 2022 driven by product diversification, including the launch of bond CFDs.

Earlier this year, and as part of its expansion efforts, VT Markets appointed Ludovic Moncla as Head of Affiliates.

Read this next

Digital Assets

Binance tames up with Japan’s biggest lender to launch stablecoins

Binance Japan is planning to launch stablecoins denominated in the dollar, euro, and yen in Japan in 2024. The crypto exchange aims to introduce these tokens, and possibly more, through its partnership with Mitsubishi UFJ Financial Group’s trust banking arm.

Institutional FX

Spot FX volumes drop +10% at CLS in August 2023

Total daily traded volume submitted to CLS for settlement took a step back in August as the summer typical lull hit market activity. The metrics showed a weak performance in the group’s FX business as the Q3 got off to a calm end while no fresh events were able to whip up a market frenzy.

Digital Assets

Veteran iGaming Team Launch Crypto Casino Portal

CryptoCasinos.Casino launches as a premier destination for crypto gambling aficionados, offering in-depth reviews, comparisons, and resources to navigate the burgeoning world of cryptocurrency-based casinos seamlessly.

Digital Assets

Xsolla Announces Acquisition of AcceleratXR, A Multi-Player Platform For Games

Xsolla enhances its gaming tech suite with the acquisition of AcceleratXR, bolstering cross-platform game development and pioneering advancements in cross-play experiences for players worldwide.

Digital Assets

OKX’s PoR report shows no solvency concerns, assets worth $11.2 billion

Cryptocurrency exchange OKX has released its 11th consecutive proof-of-reserves report amid increasing demand of crypto investors asking for transparency from exchanges they trade with.

Digital Assets

Horizen Launches Decentralized Governance with Introduction of Horizen DAO

Horizen inaugurates a novel decentralized autonomous organization, inviting broader community participation and heralding a new chapter in blockchain governance.

Digital Assets

Binance France induces users to convert their fiat into crypto

Following the expiration of its partnership with Paysafe, Binance France urged its customers to convert their fiat currency holdings on the platform into cryptocurrencies.

Industry News

Exness Crowned as Best Global Multi-asset Broker at Forex Expo Dubai 2023

Cyprus-based Exness garners top honors at the Forex Expo Dubai, solidifying its esteemed position in the global financial arena.

Retail FX

CySEC cancels license of 101investing parent following €200,000 fine

The Cyprus Securities and Exchange Commission (CySEC) confirmed on Tuesday that it has wholly withdrawn the Cyprus Investment Firm (CIF) License of FX retail brokerage firm FXBFI Broker Financial Invest Ltd, trading as 101investing.

<