TenTrade Appoints New Partner and CRO, Names CSO from INGOT Brokers

TenTrade has strengthened its leadership team with two key appointments. Andreas Andreou has joined the global multi-asset broker as Partner and Chief Revenue Officer. Concurrently, the firm has named Marios Morfakis as its Chief Sales Officer.

Andreou's move to TenTrade follows his recent tenure as Chief Sales Officer at INGOT Brokers from January 2025 to June 2026. His career in retail FX and CFD also includes co-founding PropTrade.com and holding senior commercial and revenue roles at BDSwiss. Earlier, he served as Head of Business Development at HF Markets DIFC Limited.

Morfakis also joins from INGOT, where he served as Global Head of Business Development for approximately eighteen months. Prior to that, he was Global Head of Sales at BDSwiss for two years. His earlier career included business development roles at FXGM and Wintrado Technologies AG.

In a separate development, INGOT Brokers has expanded into the European Union by opening a new office in Limassol, Cyprus. This adds to its existing presence in Australia, Dubai, Jordan, and Kenya. The company holds multiple regulatory licences, including one from the Dubai Financial Services Authority. It obtained a CySEC licence in November 2025 but has not yet commenced operations under it.

Cyprus remains a common hub for forex and CFD brokers seeking a base for European market activity. However, competition among financial centres has intensified, notably from the United Arab Emirates, leading some brokers to scale back or exit their Cyprus operations in recent years.