Exclusive: iFOREX’s iCFD Strengthens Management Team with New Hires

iCFD Ltd., the CySEC-regulated arm of iFOREX’s European operations, which recently rebranded to Vestle.com, continues to bolster its management team to drive growth and increase its focus on challenges posed by new requirements of European regulators. On Monday, the company announced two strategic new hires, Finance Magnates has learned.

The newly-rebranded FX brokerage firm has brought in Suzi Attal as its new Managing Director. Attal comes to iCFD as of an experienced compliance and operations expert with a lengthy background in various roles with iFOREX, where she worked for more than ten years. Attal is a CPA and previously served for more than three years with Moore Stephens International, a global accounting and consulting network.

“I am proud to join Vestle.com’s management and lead the company through the rough waters of the CFD industry and see this new brand grow in recognition and success. I am convinced that the company shall continue to provide its clients with a superior trading experience, backed by enhanced security and protection, as introduced recently by ESMA,” commented Attal.

The Cyprus-based company has also stepped up its expansion in the FX institutional space with the hire of Itai Sadeh, who will join the board of directors of iCFD as a non-executive director. Sadeh was also a longtime mainstay at iFOREX Group, having worked in several positions, most recently as VP of Corporate Development in charge of all legal and business development affairs of iFOREX.

The move marks the retention of one of the industry’s veteran retentions. Sadeh has been working in the financial services space for nearly two decades.

Focus on PoP product

In a statement announcing the appointment, Sadeh emphasized the development of the company’s institutional offering. iFOREX’s prime-of-prime product, which was launched more than a year ago, is intended for a client segment that includes mid-sized funds, retail brokers, and professional traders, offering prime brokerage services which are no longer being provided by larger firms.

“Vestle.com will continue to focus on providing the best trading conditions for its retail clients, backed by the highest standards of compliance. We are also continuing to develop our institutional offering for brokers, with the Group’s bespoke turnkey solution under the iFOREXPrime.com brand, including our proprietary platform and deep Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term with built-in Negative Balance Negative Balance In its most basic form, a negative balance represents an account balance in which debits exceed credits. A negative balance indicates that the account holder owes money. A negative balance on a loan indicates that the loan has not been repaid in full, while a negative bank balance indicates that the account holder has overspent.In the retail brokerage space, this phenomenon occurs when a position’s losses in an account exceeds the available margin on hand from a given trader. When a trader place In its most basic form, a negative balance represents an account balance in which debits exceed credits. A negative balance indicates that the account holder owes money. A negative balance on a loan indicates that the loan has not been repaid in full, while a negative bank balance indicates that the account holder has overspent.In the retail brokerage space, this phenomenon occurs when a position’s losses in an account exceeds the available margin on hand from a given trader. When a trader place Read this Term protection,” Sadeh noted.