FX week in review: Plus500 in Estonia, CEO/COO changes at INFINOX, Zenfinex, Barracuda FX, Samtrade scammers

Who did Plus500 hire (ex Admirals, Coop Pank SA) to head a new operation in Estonia?

Who is INFINOX’s new COO?

Who did Zenfinex hire (ex FXCM) as CEO MENA?

How are scammers attempting to rip off former clients of Samtrade FX?

Answers to these questions, and a whole lot more, appeared first or exclusively this past week at FNG. Some of the most read and commented-on FX industry news stories to appear over the past seven days on FNG included:


Exclusive: Plus500 hires ex Admirals compliance head Sigrid Aljas as CEO of new Estonia arm. FNG Exclusive… FNG has learned that leading global CFDs broker Plus500 has established a new entity in Estonia, and has hired two local senior executives to head the operation. The company set up Plus500EE AS to operate as an investment firm, and it received a regulatory licensed from Estonia’s financial regulator, Finantsinspektsioon, earlier this month. Heading the operation are two experienced Estonia based executives, Sigrid Aljas and Kerli Lõhmus. Sigrid Aljas worked at Admiral Markets AS, which operates the Admirals retail forex business, from 2019-2021, most recently as the company’s Head of Compliance. She has also worked at Veriff, Swedbank Estonia, and from 2014-2016 at Finantsinspektsioon in the Business Conduct Supervision Division.

Samtrade FX administrators warn of scammers impersonating the company. The interim judicial managers for embattled offshore Retail FX broker Samtrade FX have issued a statement that there are parties posing as employees of Samtrade, or falsely claiming to be representatives of Samtrade, reaching out to investors on matters relating to the company. The administrators stated that these scammers have offered to help former Samtrade clients with, amongst other things, withdrawal requests, password resets and other account security related matters. The preying on Samtrade FX clients comes as those clients are awaiting word on when (if ever) they will be able to recoup the money they had invested at the company.

NAGA sets crypto platform NAGAX launch date, January revenues €8 million. After reporting a relatively slow Q4-2021 with revenues (of €14.1 million) down 22%, social trading focused broker NAGA Group AG reported that revenues for the first month of 2022 came in strong, at around €8 million. NAGA Group, which operates the CySEC-licensed NAGA.com online trading brand, announced the launch date of its crypto exchange NAGAX – March 7, 2022. NAGAX is planned to be a brand-new social trading platform focused on cryptocurrencies. It will launch with a crypto wallet, as well as a crypto exchange with more than 50 assets. Shortly after the launch of NAGAX, NAGA will release its NFT as well as Staking platform under the label “NAGA Earn”.

Tickmill launches CFDs on futures products from Crypto.com’s Small Exchange. FCA licensed Retail FX and CFDs broker Tickmill has announced the launch of new direct market access CFDs based on futures products from The Small Exchange, owned by Crypto.com. Clients at Tickmill are now able to trade new CFDs of futures products like Small Cannabis, Small Cryptocurrency, Small 2YR US Treasury Yield, and many more. The broker released the information in an article informing clients that, thanks to their partnership with the US-based futures exchange, their aim to democratize futures has developed further by increasing accessibility to retail traders.

Top FX industry executive moves reported at FNG this week included:

Alex Praill

3,120 Replies to “FX week in review: Plus500 in Estonia, CEO/COO changes at INFINOX, Zenfinex, Barracuda FX, Samtrade scammers”

  1. drug information and news for professionals and consumers. Comprehensive side effect and adverse reaction information.
    ivermectin nz
    Get information now. Everything about medicine.

  2. safe and effective drugs are available. Read information now.
    stromectol buy
    Comprehensive side effect and adverse reaction information. Read now.

  3. Top 100 Searched Drugs. What side effects can this medication cause?
    ivermectin 18mg
    Medscape Drugs & Diseases. Medicament prescribing information.

  4. Prescription Drug Information, Interactions & Side. п»їMedicament prescribing information.
    https://stromectolst.com/# ivermectin 5 mg price
    Learn about the side effects, dosages, and interactions. Long-Term Effects.

  5. All trends of medicament. Everything what you want to know about pills.
    stromectol tablets
    Generic Name. Learn about the side effects, dosages, and interactions.

  6. Read information now. Get warning information here.
    ivermectin syrup
    Definitive journal of drugs and therapeutics. Medscape Drugs & Diseases.

  7. Best and news about drug. safe and effective drugs are available.
    lisinopril 5
    Read information now. Some are medicines that help people when doctors prescribe.

  8. Everything what you want to know about pills. Some trends of drugs.
    https://mobic.store/# where to buy generic mobic without insurance
    Drugs information sheet. Everything about medicine.

  9. Comprehensive side effect and adverse reaction information. Get here.
    https://azithromycins.com/ how to buy zithromax online
    Everything what you want to know about pills. Everything information about medication.

  10. Everything about medicine. Long-Term Effects. https://amoxicillins.com/ where to buy amoxicillin 500mg without prescription
    Drugs information sheet. Comprehensive side effect and adverse reaction information.

  11. Some are medicines that help people when doctors prescribe. Best and news about drug.
    https://finasteridest.online can i order generic propecia without dr prescription
    Definitive journal of drugs and therapeutics. Read information now.

  12. Commonly Used Drugs Charts. Medscape Drugs & Diseases. https://amoxicillins.com/ amoxicillin 875 125 mg tab
    Everything about medicine. Everything what you want to know about pills.

  13. Drug information. Cautions. https://amoxicillins.online/ amoxicillin 500 mg purchase without prescription
    drug information and news for professionals and consumers. Some are medicines that help people when doctors prescribe.

  14. Everything information about medication. Everything information about medication.
    cost generic propecia pills
    Get warning information here. drug information and news for professionals and consumers.

  15. safe and effective drugs are available. Actual trends of drug.
    https://azithromycins.online/ zithromax capsules 250mg
    All trends of medicament. drug information and news for professionals and consumers.

  16. safe and effective drugs are available. earch our drug database.
    ed pills comparison
    drug information and news for professionals and consumers. Read here.

  17. Some are medicines that help people when doctors prescribe. Some are medicines that help people when doctors prescribe.
    best erection pills
    drug information and news for professionals and consumers. Prescription Drug Information, Interactions & Side.

  18. Prescription Drug Information, Interactions & Side. What side effects can this medication cause?
    https://edonlinefast.com treatments for ed
    Learn about the side effects, dosages, and interactions. Read information now.

  19. Cautions. drug information and news for professionals and consumers.
    https://canadianfast.com/# canadian online drugstore
    Medicament prescribing information. Prescription Drug Information, Interactions & Side.

  20. Drugs information sheet. What side effects can this medication cause?
    https://canadianfast.com/# buy prescription drugs from canada cheap
    Learn about the side effects, dosages, and interactions. Read now.

  21. Commonly Used Drugs Charts. Learn about the side effects, dosages, and interactions.
    buy canadian drugs
    Best and news about drug. Read information now.

  22. Get warning information here. Commonly Used Drugs Charts.
    viagra trial voucher
    Get warning information here. Some are medicines that help people when doctors prescribe.

  23. Get warning information here. Top 100 Searched Drugs.
    over counter viagra
    Everything about medicine. drug information and news for professionals and consumers.

  24. Definitive journal of drugs and therapeutics. Comprehensive side effect and adverse reaction information.
    https://tadalafil1st.online/# cheap cialis
    Generic Name. Everything information about medication.

  25. drug information and news for professionals and consumers. Top 100 Searched Drugs.
    cialis online
    Drugs information sheet. Comprehensive side effect and adverse reaction information.

  26. Learn about the side effects, dosages, and interactions. All trends of medicament.
    cialis trial pack
    Generic Name. Get warning information here.

  27. п»їMedicament prescribing information. Definitive journal of drugs and therapeutics.
    https://tadalafil1st.com/# discount tadalafil 20mg
    Everything what you want to know about pills. Read now.

  28. What side effects can this medication cause? Read here.

    https://propeciaf.store/ cost propecia tablets
    Definitive journal of drugs and therapeutics. Comprehensive side effect and adverse reaction information.

  29. http://overthecounter.pro/# econazole nitrate cream over the counter
    over the counter steroid cream [url=http://overthecounter.pro/#]over the counter ed meds[/url] over the counter sleep aids that work

  30. canadian drug store legit [url=https://pillswithoutprescription.pro/#]canadian online pharmacies ratings[/url] best pharmacy prices

  31. legitimate canadian pharmacy [url=https://pillswithoutprescription.pro/#]certified canadian international pharmacy[/url] most reliable online pharmacies

  32. Comprehensive side effect and adverse reaction information.
    order propecia without dr prescription generic propecia
    earch our drug database.

  33. us pharmacy in india: international pharmacy canada – canadian pharmacy without a prescription
    top rated canadian mail order pharmacies – interpharm.pro Their global outlook is evident in their expansive services.