Traders Trust COO Todor Georgiev leaves to launch prop trading firm Funded7

FNG has discovered that longtime FX and CFDs trade govt Todor Georgiev has left his position as Chief Operations Officer (COO) at CySEC licensed retail dealer Merchants Belief, to launch a brand new prop buying and selling model referred to as Funded7.

Todor Georgiev was hired as COO of Traders Trust in 2023, from rival dealer FXGlobe, the place he was additionally COO. He had joined FXGlobe lower than a yr prior, after labored at Tixee and Exness, in a wide range of administration and compliance roles.

Todor Georgiev turns into the newest in a protracted line of FX and CFDs trade managers who’ve determined to attempt to launch their very own prop buying and selling model, or be part of current prop companies, together with former BDSwiss CRO Andreas Andreou (thePropTrade), ex CMTrading exec Giorgos Piskopianos (PropXP), and James Glyde’s (ex Spotware) PipFarm.