AvaTrade Hires Exness Alum Nir Iter to Head Cyprus Operation

AvaTrade, a Retail FX and CFDs broker, has hired industry executive Nir Iter as Cyprus Business Unit Director for its newly established operation in Limassol, according to FX News Group. Iter joins AvaTrade after eight years at Exness, where he started as a Senior Affiliate Manager and most recently served as Affiliate Commercial Lead.

In his new role, Iter will lead affiliate and partnerships growth for AvaTrade's Cyprus business unit, working with affiliates, IBs, signal providers, and media partners across global markets.

AvaTrade operates mainly from Israel and Ireland. The company does not hold a CySEC CIF license, but its subsidiary AVA Trade EU Ltd is regulated by the Central Bank of Ireland, allowing it to operate throughout the EU.