IronFX Promotes Lobo to Head Spanish Operation, Plus500 Reports Higher Revenue

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IronFX Promotes Lobo to Head Spanish Operation, Plus500 Reports Higher Revenue

Very few forex companies have grown at such dizzying pace as IronFX, which has expanded its business from its original Cyprus base to operate in every continent, with regulatory supervision in Australia and UK in addition to its CySec license.

The company opened new offices in the Antipodes, Britain and expanded its Russian business, as well as established its foothold among retail customers in the Asia Pacific region.

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The company has appointed Emilio Caleb Lobo to head its Spanish operation, where it has a representative office. Mr. Lobo joins IronFX’s representative office in Andorra and Spain from Cyprus-based JFX, where he was the Director of Sales.

He has also held other positions, notably as the Chief Operating and Compliance Officer at RentaSignal, an auto trading investment platform that created its own in-house technology and was supervised in U.S. by the NFA as an FX firm, CTA and introducing broker.

Lobo’s other past positions include senior partnership and consultancy roles in private investment firms and an 18 month stint as a Director of Forex at TSD in Spain.

In a separate report, Plus500 saw its March-quarter revenues surge 207 percent to $607 million, while customer numbers rose 63 percent to 20,124. The percentage of active clients rose 48 percent to 50,438.

This is in contrast to the same period last year when revenues stood at $19.7 million, and 12,356 new customers. This shows a strong year-on-year growth.

To contact the reporter of this story; Yashu Gola at Yashu@forexminute.com