FNG Exclusive… FNG has learned that Cyprus based executive Nick Jay has joined Retail FX and CFDs broker TIOMarkets, as Chief Operating Officer (COO).
Nick Jay was one of a handful of experienced Retail FX and CFDs industry operatives who joined together to help launch Cyprus based broker M4Markets in 2020. He served as M4Markets’ Chief Business Development Officer, until leaving in mid 2023. Prior to M4Markets Nick worked for five years at HotForex as Head of Partnerships. He had also previously served as Global Sales Manager at IronFX, and as Retention Manager at FXGM, dating back to 2011.
For the past year several months Nick served as a Business Consultant to regtech firm and client onboarding specialist Muinmos, which does a good amount of business with the CFDs sector in Cyprus.
TIOMarkets operates an onshore FCA regulated business (at website tiomarkets.uk) and CySEC licensed TioMarkets CY Ltd (tiomarkets.eu), as well as an offshore unit based in Mwali (tiomarkets.com). The company is run by Cyprus based Group CEO Stefanos Mitsi. TIOMarkets is controlled by Malaysian businessman Manmohan Singh Balbir Singh, who also owns Cyprus based Retail FX broker FXPrimus.
