eToro has been trying to expand into offering more investment products, as opposed to its traditional focus on leveraged trading instruments.

New app Revolut Invest was launched on Tuesday and is already in top 3 spot for free finance apps in both Greece and the Czech Republic.

Martins was with ActivTrades for over a decade in sales and marketing. He was a board member for the company's Brazilian entity.

Trive South Africa announced a partnership with Finalto earlier this month. The company can now offer retail clients trading in CFDs.

Financial Markets Online first launched in 2018. The company's Co-Founder James Bentley the plan is to expand in Dubai and the wider MENA region.