IC Markets

Denys Denisov Appointed As General Manager at IC Markets

IC MarketsAs per latest announcement made by Australia based online forex and CFD trading service provider IC Markets, the firm has hired Denys Denisov  to serve as general manager for its branch office. In his new role as general manager, he will serve from the trading service provider’s European branch office located in Cyprus. Prior to taking up his new role at IC Markets, Denys served as RTO manager for AFX Group – a UK based FCA and CySEC regulated online forex trading service providing arm of AFX Markets Ltd. He served as RTO manager at AFX group for a period of nearly five years from August of 2014 to July of 2019 during which he helped the trading service provider with their business expansion, training and educational activities. 

Mr. Denisov is an industry veteran with nearly 15 years of experience working in financial service industry. He served as a trader handling forex and fixed income derivative assets for nearly 9 out of his 15 year long career and served in managerial roles for remaining 6 years. While working in financial service industry he also managed to acquire an MBA degree from Cyprus International Institute of Management and a degree in law from University of London as per information in his LinkedIn profile. Aside from AFX Group, he served in capacity of RTO Manager for Cyprus based brokerage LQD Markets. He started his career as fixed income derivates trader at Schneider Trading Associates back in March 2004 and served as senior dealer at TadawulFX for a period of nearly 3 years. 

The Australia based firm has been highly active in the industry for quite a while now and has recently amped up its expansion activities and product offerings in a bid to attract more clients and increase its market share. Two most notable moves in its bid for boosting market share and client base are acquiring CySEC regulatory license to target European institutional clients and strengthening its offerings via addition of cryptocurrency assets. However, its Australian business has taken a hit since ASIC asked financial institutions to part with confidential client data on oversea clients which has caused the firm to opt to migrating overseas clients to subsidiary offshore brand based out of Seychelles. 

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