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Rostro Group and its charitable arm, Rostro Foundation, have committed €100,000 in combined funding to support relief efforts following devastating wildfires in Cyprus that have claimed lives and displaced residents.
The pledge, announced today, will be distributed among accredited humanitarian organizations, environmental NGOs, and local authorities working on frontline assistance and long-term recovery efforts. The massive wildfire scorched 100 square kilometers of forested hillsides, destroyed numerous homes and forced the evacuation of a dozen villages, making it one of the most destructive fires Cyprus has experienced in over five decades.
Police found two bodies inside a burned-out car during the disaster, which has affected communities across the island's Troodos mountain range. Forty-three houses were completely burnt down while another 29 were severely damaged, with much of the electricity infrastructure also destroyed.
Rostro Group is a diversified financial services company and parent of Cyprus-based Scope Markets, which has operated from the island since 2014. With a significant portion of its workforce based locally, the group's response reflects its deep ties to the affected communities.
Roger Hambury, owner and founder of Rostro Group
Roger Hambury, owner and founder of Rostro Group, commented: "This crisis has affected communities and landscapes at the heart of Cyprus. As a company deeply connected to the island, we feel a strong responsibility to contribute meaningfully. Alongside the Rostro Foundation, we aim to support both immediate relief efforts and sustainable recovery. We encourage others in the business community and beyond, to contribute in any way they are able."
The group has also released employees from work duties during the week to volunteer with environmental and community organisations as part of broader recovery efforts.
Constantinos Shakallis, CEO of Scope Markets
Constantinos Shakallis, CEO of Scope Markets Cyprus, added: "Cyprus is more than just the home of our operations, it is the home of so many of our people. This is deeply personal for us, as many of our colleagues, friends and families live in the affected areas. In times like these, it is essential that we stand by our local communities. Supporting this cause is not just the right thing to do, it is the necessary thing to do."
Other CFD brokers including XM, IC Markets EU, and Tickmill have also provided financial aid and supplies to support affected communities following the fires.
Founded in 2021 by Roger Hambury and led by Michael Ayres, Rostro Group operates multiple brokerage brands and invests in fintech businesses. The group caters to financial products and services globally through its various subsidiaries.
Rostro Foundation works with institutions including Great Ormond Street Hospital, focusing its efforts on communities facing hardship worldwide. Scope Markets, regulated in multiple jurisdictions, provides online trading facilities across various asset classes through mobile and desktop platforms.
