Libertex, a well-known forex and contracts for differences (CFDs) broker, named Andrew Nikolaev as the new Chief Operating Officer. The appointment came as an internal promotion. He is based in the Cyprus offices of the brokerage brand.

Libertex Names Andrew Nikolaev as COO

The promotion to one of the top executive roles came roughly 10 years after Nikolaev joined the brokerage. Before becoming the CCO, he held the position of General Manager of Europe for about six years, between November 2017 and June 2023.

Nikolaev joined the Libertex Group in mid-2013, becoming the Head of the Customer Service Department of the FX Club brand. He was advanced to the role of Business Development Manager at Libertex, which he held between September 2016 and October 2017.

"Among his many qualities, Andrew is distinguished for his extremely high degree of stress resistance as he always remains composed, focused, and constructive," Libertex stated in a Linkedin post. "His high-quality and timely feedback on tasks throughout all stages of projects is pivotal to the identification of potential issues early on in the development process. This results in the successful implementation of new product launches and services, as well as company policies."

A Major Brokerage Brand

Libertex offers trading services with forex and CFDs to retail and professional investors. It is also expanding its offerings and recently added a number of crypto CFDs.

The broker holds licenses in many jurisdictions, including Cyprus, South Africa, Belarus, and St.Vincent & the Grenadines. In 2021, the operational license of the Cyprus operator of Libertex was suspended by the regulator for some compliance lapses. However, the broker re-gained the license within two weeks.

To promote its brand on a global scale, Libertex further inked a sponsorship deal with FC Bayern, one of the top German football clubs. Furthermore, the broker initiated a 'Push for More' campaign with the football club.

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