Seychelles' CFD Broker ConnextFX Taps Simon Andras as Group CEO

<p>The retail FX and Contract for Difference (CFD) broker ConnextFX has appointed
Simon Andras as the Group CEO and Executive Director. This appointment marks a
significant milestone in the company's two-year journey of brand development.</p><p>Simon Andras brings a wealth of experience to his
new position, having previously served as the Head of Sales and Partnerships at Tickmill from 2020 to 2022. His tenure at Blackwell Global
as the Head of Business Development from 2017 to 2020, spanning the UK,
Hungary, and Cyprus, further solidifies his standing in the financial industry.</p><p>Veteran Industry Executive</p><p>According to a post on his LinkedIn profile, Andras
mentioned: "I'm pleased to share my official role as the Group CEO and
Executive Director of ConnextFX. This marks a significant milestone in the
journey of building the brand over the past two years alongside an exceptional
team! Prepare for the rise of ConnextFX in the <a href="https://www.financemagnates.com/terms/f/forex/" target="_blank" rel="follow">forex</a> industry."</p><p>Andras held the position of Head of
Sales and Business Development at FXPRIMUS between 2015 to 2017. <a href="https://www.financemagnates.com/tag/fxprimus/" target="_blank" rel="follow">FXPRIMUS</a>, a
licensed online brokerage firm regulated by the <a href="https://www.financemagnates.com/tag/cysec/" target="_blank" rel="follow">Cyprus Securities and Exchange Commission</a>, was founded in 2009 to provide clients with a fair trading
environment.</p><p>Global Operations and Regulatory Compliance</p><p>ConnextFX, operating under Connext LTD in Seychelles
and Connext LLC in Saint Vincent and the Grenadines, is authorized by the
Financial Services Authority and serves as a Securities Dealer. According
to the information on its website, the authorization in Saint Vincent and the
Grenadines does not constitute possessing a license from the local supervisory
authority.</p><p>Under the ConnextFX and Connext brand and trademarks,
the entities operate globally. However, its services are unavailable to
residents in specific countries, including the USA, Canada, Hong Kong,
Singapore, United Arab Emirates, and regions identified as High-Risk by FATF.</p><p>More brokers are <a href="https://www.financemagnates.com/forex/trade-nation-gains-license-in-seychelles-targets-asian-market/" target="_blank" rel="follow">opting for Seychelles</a> as a regulatory base. In recent years, Seychelles has transformed its reputation from merely an exotic location to a credible regulatory hub, thanks to the efforts of the FSA, <a href="https://www.financemagnates.com/" target="_blank" rel="follow">Finance Magnates</a> reported. This shift has attracted FX/CFD firms and crypto companies seeking licensing in the region.</p><p>Participate in Our Fraud Survey: Your Opinion Matters!</p><p>We invite you to participate in our joint survey conducted
by FXStreet and Finance Magnates Group, which explores prevalent online
financial fraud types, platforms used for fraudulent activities, effectiveness
of countermeasures, and challenges faced by companies in tackling such fraud. Your
valuable insights will help inform future strategies and resource allocation in
combating financial fraud.</p><p>Social Media Scams: Help Shape the Fight with Your <a href="https://www.financemagnates.com/forex/social-media-scams-help-shape-the-fight-with-your-2024-survey-participation/">2024 Survey Participation</a></p>

This article was written by Jared Kirui at www.financemagnates.com.