Founders

The founders of Praxis were early employees and held senior executive positions at FXCM, (FXCM:NYSE). At its height, FXCM was the largest OTC retail FX/CFD firm in the world. They have over 50 years of combined experience in this highly lucrative and complex niche industry. They’ve successfully built and managed teams world-wide and have duplicated their success building Praxis. Their accomplishments and expertise are uncommon and unparalleled in the FX/CFD industry.

Michael Brescia

Co-Founder & CEO

[email protected] LinkedIn

Mike was one of the first employees at FXCM in 2001. He started and managed FXCM’s introducing broker and institutional division worldwide. Mike grew his department from $0 in annual revenue to over $250 million by 2010, making it the largest and most successful institutional business in the FX/CFD industry.

During Mike’s tenure, venerable financial firms including Charles Schwab, E*Trade, Man Financial, Refco Financial, Deutsche Bank, Samsung Securities, Hyundai Financial, the Korean Sovereign Wealth Fund (KIC), CITIC, CICC, Gaitame, GMO Click, Maybank, Cortal Consors, the Jakarta Futures Exchange (JFX) amongst numerous other global firms became FXCM clients.

Mike was also responsible for FXCM’s highly active and successful mergers and acquisitions and venture capital team and a member of several executive committees.

Mike co-launched his CFD business in 2017 making him one of the earliest market-makers in this product.