Monaxa To Unveil Proprietary Trading Services For Investors
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Forex and CFD broker Monaxa is launching a new trading service called Monaxa Prop, according to a recent post from Chief Executive Officer Chris Trikomitis.
He stated that the company is ready to roll out the platform soon, but details are still limited. In the post, he explained that users can get up to 85% of the profit share with their skills and Monaxa’s support, starting with just $50.
On the Monaxa website, it shows that the company includes several parts that work together under one brand. One of these parts, or entities, is said to be registered with the Financial Services Commission in Mauritius, holding an investment dealer license.
More Firms Are Joining Proprietary Trading As Its Appeal Increases
Trikomitis joined Monaxa as Chief Executive earlier this year, coming from Exness, where he worked as the Markets Director for about 10 months. His LinkedIn profile says he has close to 20 years of experience in the financial sector. At Monaxa, he has been involved in creating the company’s strategy and mission statement. He explained that Monaxa’s new platform is built on innovative technologies.
Apart from Exness, Trikomitis has held roles at other well-known organizations over the years, including FXPRIMUS, Thomas Reuters, and State Street. He joined FXPRIMUS in 2016 as the Head of Operations and later became the Executive Officer for Asia Pacific until he left in early 2022.
that, he worked as a Project Manager and Senior IT Support Officer at State Street, an American financial services and bank holding company, from 2006 to 2012. He started his career as a Project Manager at CBRE, a real estate investment company in the United States.
More companies are getting involved in proprietary trading as it becomes more popular. Recently, Taurex launched its own prop trading platform Atmos. This platform is available on a new website, atmos.tradetaurex.com, and it is currently in the testing phase before its full launch.
Monaxa Appointed Delia Claudia Bercea In March To Expand Its Business
Similarly, IronFX founder Markos Kashiouris also expanded his company’s offerings by launching a proprietary trading platform named Ultimate Traders. This new service is run by Ultimate Traders Evaluation Ltd, a company registered in the United Kingdom and established in February. Kashiouris is the majority shareholder.
In March, Monaxa appointed Delia Claudia Bercea, an experienced industry professional, to help grow the company in the LaTAM region. Bercea, who is based in Uruguay, has spent the last four years working on LaTAM business development for Sky Option, a UAE-based trading solutions provider. Before that, she worked with brokers IronFX and FXPRIMUS in Cyprus.
Monaxa operates as an offshore broker with its main base in Anguilla. So far, the company has focused on markets in the Far East.
