Conotoxia, a retail FX and CFD trading arm of the Poland-based payment and forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term exchange provider Cinkciarz.pl, has appointed Ireneusz Pukin as the new Director of the national branch. He replaces Daniel Kostecki in this position, who has been in charge since the branch opened in 2021.

Conotoxia Taps New Director in Ireneusz Pukin for Poland

"I feel that January 9 will remain in my memory for a long time. Today, after ten years of running my own business, I joined one of the largest fintech companies in Poland. As the head of the Polish branch of Conotoxia, I will take care of Poles interested in investments in stocks, commodities, indices, cryptocurrencies and FX," Pukin wrote in a LinkedIn post, confirming his appointment.

Pukin began his career in finance in 2005, working with Polish banks and institutions in the credit market. In addition, he ran a Polish-language educational portal for Forex traders for nine years, and in December 2017, he founded the Polish cryptocurrency exchange Conquista, which he sold in 2019.

Until 2021, he was a partner at Money Point, and until recently, he ran his own luxury real estate agency in Spain. However, At the beginning of 2023, he returned to Poland and his FX roots, taking the position of Conotoxia's Director in Poland.

Previously, this position was held by Daniel Kostecki, the former Chief Market Analyst at Conotoxia. Kostecki was promoted to head the Polish branch when it was launched in October 2021. Finance Magnates learned that Kostecki has become an analyst for the Polish branch of publicly-traded brokerage CMC Markets.

Conotoxia Wanted to Go Public and Open More Branches

After opening the Polish branch, Conotoxia announced its desire to expand further in the Old Continent. Grzegorz Jaworski, the President of Retail Brokerage, announced the company's ambitious plans in this direction in late 2021.

"We, as a brand with ambitions to be a global player, will focus on the remaining European markets, where we will want to open branches and gain the oversight of local regulators," Jaworski commented back in October 2021. However, since then, there has been no news of new office openings.

Earlier, In 2021, Conotoxia announced its desire to become a publicly listed company. The decision was declared after a record-breaking 2020, which brought in $6.44 billion in turnover from foreign exchange transactions, marking a 30% increase over 2019. Though, as with many other retail brokers, those plans stopped at initial announcements.

Conotoxia is a brand owned by Conotoxia Ltd, a broker licensed by CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term. Furthermore, separate subsidiaries of the company are registered in Poland and the United States.