Online forex trading specialist, IronFX, has confirmed the recruitment of 200 employees worldwide within the last four months. Nearly half of the fresh recruits will take their seats in the R&D center, which is all set to be launched in Mumbai. Some of the new recruits will also be based at the company’s headquarters in Limassol.
From March to June, the company saw a massive increase in new trading accounts created mainly during the coronavirus pandemic. With larger forex trading volumes, a growing affiliate program, and transactions surging every day, the Cyprus-based financial brokerage company decided to speed up August-September’s recruitment process this year.
Following the massive increase in trading accounts, the company has raised its affiliate budget. With the introduction of newer opportunities, the R&D personnel will work with the HQ affiliate management team to introduce an advanced marketing infrastructure.
Nicolaos Christoforou, Vice President of Research and Development at IronFX, says: “Our new employees will soon join the Mumbai office and be part of the Research and Development team to advance trading technologies for the company”. He adds: “The team in the R&D centre will maintain direct communication with our departments in the Headquarters and other offices worldwide to improve the user experience for all our trading platforms and instruments.”
Considering the number of scams and withdrawal complications discouraging potential investors from trading on forex sites, IronFX looks forward to exploring and integrating innovative technological features to their trading platform to enhance speed, functionality, secure transactions, and reinforce trust.
The mission of the Research and Development team is to develop innovative trading technologies for the transformation of the existing trading patterns and practices. Expected early next year, this will provide better trading solutions across IronFX’s 200 trading instruments and 10 trading platforms.
The new employees in the R&D team in Mumbai will explore newer possibilities in developing modernised software for trading systems, IT resources, regulating the company’s affiliate partnerships, and speed up the streamlined withdrawal requests. Meanwhile, the decision to expand the HQ workforce came as an urgent decision mainly forced by the abrupt boom in trading volumes over the past few months.
Talking about the recent upsurge in forex accounts in the company’s portfolio, Christoforou says: “The sudden growth in FX accounts urged the need to expand our team. With a larger team, we will thrive and do our best to process withdrawal requests faster and with greater accuracy for our traders”.
