iForex Appoints Former CTO as Head of Innovation, Focusing on AI

British Virgin Islands-headquartered online trading platform iForex has announced the return of Hemi Algranaty to the company as its new Head of Innovation, effective immediately. Algranaty previously served as iForex's CTO for 12 years before departing in 2021 to assume the same role at competitor Wiser Market.

Now, he returns to iForex with a focus on leveraging artificial intelligence. The company stated that Algranaty's mandate includes "harnessing the power of AI to support business growth, enhance user experience, and develop new marketing products." This move follows iForex's launch of an AI-powered trading assistant in July 2022.

In addition to Algranaty's appointment, iForex has also named Pavlos Antoniou as its new EU Marketing Director. iForex CEO Itai Sadeh commented that these new additions will allow the company to "build upon our offering and access new markets."

Founded in 1996, iForex offers contract for difference (CFD) trading across a range of instruments, including currencies, commodities and crypto, and operates in 159 countries.