Unique: Ilia Iarovitcyn turns into CEO of cTrader developer Spotware

FNG Unique… FNG has discovered that Cyprus based mostly Spotware Techniques, the maker of well-liked multi-asset buying and selling platform cTrader, has made some administration modifications on the prime.

Spotware founder and longtime CEO Andrey Pavlov has determined to take a step again from day-to-day administration of the corporate. Andrey has now transitioned to the function of Chairman, nonetheless concerned however with much less operational and strategic duty at Spotware.

Changing Andrey Pavlov as CEO is Ilia Iarovitcyn. Ilia has been at Spotware for seven years, appearing as Product Supervisor. Apparently, he doesn’t seem on Spotware’s present Management: Key Personnel web site web page, having had a really inner function so far – maybe indicative of Spotware’s longtime deal with product.

Previous to becoming a member of Spotware in 2017 Ilia labored for Retail FX/CFDs dealer MFX Dealer for six years, appearing as Head of the Technical Improvement Division and as Chief Seller of MFX.

cTrader is the #2 buying and selling platform (market-share smart) within the FX and CFD brokerage world, behind rival MetaQuotes and its MT4/MT5 platform. Nonetheless Spotware and cTrader have been gaining traction over the previous a number of years, with cTrader gaining popularity amongst skilled and extra “severe” retail merchants. The platform has additionally been added by plenty of FX/CFD brokers as an alternative choice to MT4/MT5, after MT4 and MT5 have been faraway from the Apple App Retailer final 12 months (though MetaQuotes  noticed its apps restored in March 2023).