Finyard operates a brokerage and technology company based in Limassol. Rival firm Exness also has a huge set of company cars.

Simon Ormrod joins liquidity provider Finalto from Vantage Capital Markets. He also spent 14 years at institutional trading firm Liquidnet.

Danishkin joins NAGA from Admirals, where he was Head of Partnerships. He has held senior management roles at two other brokers in the FX/CFD industry.

Simon is the latest in a string of executives to join MAS Markets over the last 18 months, including senior hires from brokers and tech providers.

The ATFX client insurance fund was launched last month. It provides protection for traders up to $1m and is underwritten by a leading insurance provider.