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Axon Markets has appointed Panagiotis Karamanis to run its Asia business as the offshore CFD broker seeks to widen its reach across APAC. His remit includes growing the business across the region, building stronger partner ties and establishing a larger regional operation to support sustainable growth.
Karamanis brings regional brokerage experience
Karamanis joins from EC Markets, where he served as Country Manager for Thailand. He has also held senior roles at FXGT and Squared Financial, with experience in business development and client acquisition. He said his priorities would be regional expansion, closer partner relationships and a stronger presence across the market.
Regional growth comes with operating pressure
Southeast Asia is attracting brokerages looking to reach a larger pool of investors. Indonesia has more than 20 million retail investors, while nearly half of traders in Thailand use mobile trading apps as their main channel.
Expanding in the region brings commercial pressures alongside that opportunity. Brokers face squeezed margins, higher operating costs, and greater spending on client acquisition and compliance.
Local knowledge and distribution relationships remain important to winning clients in many markets, particularly through affiliates and introducing brokers. Axon Markets Ltd operates the brokerage, which is regulated by the Financial Services Authority (FSA) of Seychelles. Finance Magnates reported the appointment and its regional context.
What an operations team should check
The appointment does not specify which markets or partner channels Karamanis will prioritise. Operations teams should establish whether expansion will require changes to partner onboarding, client-acquisition reporting or the controls used to meet compliance obligations in each market.
Teams should also ask what additional workload regional growth could create for onboarding, support and reconciliation, and whether existing systems can handle it. The source gives no detail on technology changes, implementation plans or operating costs, so those points remain open questions rather than confirmed parts of the appointment.
