Cyprus FX broker IMS Markets signs long-term deal with child support charity

By Andrei Skvarsky.

IMS Markets, a Cypriot foreign exchange and contract-for-differences (CFD) broker, has made a long-term pledge to donate to a charity that supports children with mental health problems.

The commitment, made in an agreement with Cyprus’s Dr Yiota Demetriou Dancing Queen Foundation, is part of the social corporate responsibility (SCR) policy that IMS Markets adopted by deciding at its establishment early in 2019 to make regular charitable and humanitarian deductions from its revenue.

The deductions are taken care of by IMS Initiative, an IMS Markets division that is in charge of the company’s charitable activities, according to a statement from the brokerage.

The Dancing Queen Foundation is the first charity IMS Markets has signed an agreement with.

The statement quoted IMS Markets CEO Jean-Raphael Nahas as saying that many more agreements of this kind would follow “in the near future” and that IMS Initiative “will be in a continuous state of evolution just like IMS Markets”.

The statement said the Limassol-headquartered broker’s charity deductions would not affect its clients’ investments and that the company would constantly keep its customers informed about its charitable activities.

The Dr Yiota Demetriou Dancing Queen Foundation, set up ten years ago, provides financial and other support for children and teenagers suffering from mental illnesses and psychological problems and for their families.

It is named after Yiota Demetriou, a clinical child psychologist who was nicknamed Dancing Queen for her high-spirited and easy-going nature and who died in a car accident at the age of 30 in 2008.

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