Trade Capital Markets (TCM) Limited, the operator of forex and CFDs broker Trade.com, has hired Michalis Tsaousellis as the Chief Dealer. Based in Cyprus, he is responsible for managing the company’s trading team, developing and introducing new products, and optimizing the product development process. Further, he is overseeing and analyzing traded market risk activities.

Trade.com Cyprus Onboards New Chief Dealer

According to his Linkedin profile, he joined the Trade.com operator from an unnamed forex broker Forex Broker In the forex space, a broker is any company that can provide traders with access to a platform that permits the buying and selling of multiple currencies.The retail forex industry has grown over the past two decades to include every major jurisdiction, which in turn has necessitated new regulatory oversight. Relative to the institutional sector, retail brokers are rather small portion of the greater forex market. However, traders can rely on brokers for leveraged trading in a 24-hour-a-day marke In the forex space, a broker is any company that can provide traders with access to a platform that permits the buying and selling of multiple currencies.The retail forex industry has grown over the past two decades to include every major jurisdiction, which in turn has necessitated new regulatory oversight. Relative to the institutional sector, retail brokers are rather small portion of the greater forex market. However, traders can rely on brokers for leveraged trading in a 24-hour-a-day marke Read this Term, where he worked for a year as the Chief Dealer. Prior to that, he was a Senior Dealer at the Cyprus offices of FXPRIMUS for about five years.

“I am an experienced Chief Dealer and Risk Manager,” Tsaousellis describes himself in his Linkedin profile.

“I am specialized in enterprise risk & trading risk management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term for investment firms. Expert in setting up and maintaining dealing and trading platforms, including MT4, MT5, and C Trader. I have managed to optimize the trading book of a large-sized broker, thus maximizing profit and minimizing risk.”

An Expanding Broker

Trade Capital Markets (TCM) Limited was established in 2013 and is the Cypriot subsidiary of Trade Capital Holding (TCH) Limited. The company operates the Trade.com brokerage brand with a Cyprus Investment Firm (CIF) license and holds authorization in South Africa from the Financial Sector Conduct Authority (FSCA).

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Additionally, Trade.com is expanding its geographical presence and recently obtained FINRA’s approval as a broker-dealer license in the United States. On top of that, it secured a new license from the Government of Dubai last year and is now eying for regulatory approvals in Italy. Moreover, the platform holds regulatory permission in the United Kingdom, Mauritius, and Spain.

Trade.com is a bootstrapped company so far and is now preparing for an institutional funding round by 2024. Meanwhile, the UK arm of the brokerage group reported a 114 percent jump in 2021 revenue, with losses narrowed by 72 percent.