Andreas Andreou, who left BDSwiss last month as the Chief Revenue Officer, has entered the prop trading scene by launching a new platform. Called ThePropTrade.com, Andreou is the founder and co-CEO of this newly launched platform.
Another Prop Trading Platform in the Market
Although Andreou announced the official launch of his new prop trading platform today (Monday), it remains unclear who his associates in the company are. The identity of the other co-CEO also remains unknown at this point.
Finance Magnates approached Andreou for details but has not received a response as of press time.
The prop trading platform’s website shows that it is owned and operated by QuantElite—FZCO, a Dubai-registered company. It offers up to $200,000 in simulated funding to traders with its three trading challenges.
“Our firm will focus on empowering traders with advanced trading technology, data-driven insights, and a strong capital foundation,” Andreou wrote in his LinkedIn post.
New Ventures of Former BDSwiss Executives
Interestingly, Alexander Oelfke, the former Group CEO of BDSwiss, also recently launched a CFDs broker headquartered in Dubai. Last month, Finance Magnates reported that BDSwiss cut a significant number of its employees from its Cyprus office, and many traders on the platform are also complaining about withdrawal issues.
Andreou is a well-known executive in the retail trading space. Most recently, he spent almost two years at BDSwiss, first joining the broker in February 2023 as the Chief Commercial Officer and then becoming its Chief Revenue Officer.
In his 25-year career, Andreou worked with multiple brokerage brands. He served as a Sales Executive at the Cyprus offices of FXGM and was also an Institutional Account Manager at IronFX. His most prominent roles in the industry include his time at HF Markets (previously HotForex), which he joined in October 2014 as a Global Office Liaison Executive. He then climbed the corporate ladder to become Head of Business Development, staying with the company until his departure in early 2023.
Finance Magnates also revealed that the founder of IronFX, Markos Kashiouris, quietly launched a prop trading platform, which is registered in the UK.
Andreas Andreou, who left BDSwiss last month as the Chief Revenue Officer, has entered the prop trading scene by launching a new platform. Called ThePropTrade.com, Andreou is the founder and co-CEO of this newly launched platform.
Another Prop Trading Platform in the Market
Although Andreou announced the official launch of his new prop trading platform today (Monday), it remains unclear who his associates in the company are. The identity of the other co-CEO also remains unknown at this point.
Finance Magnates approached Andreou for details but has not received a response as of press time.
The prop trading platform’s website shows that it is owned and operated by QuantElite—FZCO, a Dubai-registered company. It offers up to $200,000 in simulated funding to traders with its three trading challenges.
“Our firm will focus on empowering traders with advanced trading technology, data-driven insights, and a strong capital foundation,” Andreou wrote in his LinkedIn post.
New Ventures of Former BDSwiss Executives
Interestingly, Alexander Oelfke, the former Group CEO of BDSwiss, also recently launched a CFDs broker headquartered in Dubai. Last month, Finance Magnates reported that BDSwiss cut a significant number of its employees from its Cyprus office, and many traders on the platform are also complaining about withdrawal issues.
Andreou is a well-known executive in the retail trading space. Most recently, he spent almost two years at BDSwiss, first joining the broker in February 2023 as the Chief Commercial Officer and then becoming its Chief Revenue Officer.
In his 25-year career, Andreou worked with multiple brokerage brands. He served as a Sales Executive at the Cyprus offices of FXGM and was also an Institutional Account Manager at IronFX. His most prominent roles in the industry include his time at HF Markets (previously HotForex), which he joined in October 2014 as a Global Office Liaison Executive. He then climbed the corporate ladder to become Head of Business Development, staying with the company until his departure in early 2023.
Finance Magnates also revealed that the founder of IronFX, Markos Kashiouris, quietly launched a prop trading platform, which is registered in the UK.
This post is originally published on FINANCEMAGNATES.
