Andreas Andreou Will Continue to Run His Prop Firm alongside a New Role at INGOT Brokers

INGOT Brokers has onboarded two former BDSwiss executives: Andreas Andreou as Chief Sales Officer and Marios Morfakis as Head of Business Development. According to their LinkedIn profiles, both separated from BDSwiss last September, during a period when many other employees left the broker.

Two Roles at Once

After departing from BDSwiss, Andreou launched a proprietary trading platform where he serves as co-CEO. He confirmed to Finance Magnates that he will maintain his role at the prop trading firm alongside his new responsibilities at INGOT.

“thePropTrade is and will remain fully operational. My new role at INGOT Brokers does not impact our operations,” Andreou told Finance Magnates. “thePropTrade was built and is run by seasoned industry professionals with a robust structure in place, and I will continue to provide valuable insights and strategic input whenever needed.”

The other co-CEO of the prop firm is Md Hazly, who previously served as Regional Manager at HF Markets, where Andreou also worked. The prop firm currently employs eight staff members in key areas such as operations, marketing, graphic design, and education.

Andreou elaborated on his responsibilities at INGOT: “With my extensive experience and strategic vision, I will spearhead initiatives to expand INGOT Brokers’ global presence, develop strategic partnerships, and drive growth across diverse markets.”

Originating from Jordan, INGOT Brokers operates most of its offshore business from its Seychelles base. The firm also holds licenses in Australia, South Africa, and Kenya. Andreou will focus on expanding INGOT’s presence in emerging markets, particularly in LATAM, Africa, and Asia.

Ex-BDSwiss Employees Take New Roles

While Andreou is based in Dubai, Morfakis has taken up his new position in Limassol, Cyprus.

Morfakis was previously the Global Head of Sales at BDSwiss for nearly two years and briefly served as Head of Sales at FXGrow for four months. His industry experience also includes roles at Wintrado Technologies and HF Markets.

Finance Magnates earlier reported that BDSwiss was facing challenges in Cyprus, leading to a mass departure of staff. About a month later, the Cyprus unit of BDSwiss, operating under the brand Viverno, had its license suspended by the local regulator.

Meanwhile, other former BDSwiss employees are taking on key roles at various brokers. Nicole Heinrich, who served as Chief Sales Officer at BDSwiss for eight years, joined Key To Markets last month as Chief Commercial Officer. Marc Suárez, another former BDSwiss employee, is now Head of Marketing at Tauro Markets, a CFDs brokerage launched by former BDSwiss CEO Alexander Oelfke.