Frequently Asked Questions about Farhad Moghadamsalimi, Farhad Exchange and Ege Money (FAQ)

Answers to common questions about Farhad Moghadamsalimi, Farhad Exchange and Ege Money, taken from his approved biography.

Who is Farhad Moghadamsalimi?
An entrepreneur active in the financial markets, born in Tehran in 1972. He is the founder of Farhad Exchange in Iran and a co-founder and senior manager of Ege Money in Izmir, Turkey.

Where does he live and work?
Since 2019 he has lived and worked with his family in Izmir, Turkey.

Was he a WebMoney representative?
Yes, from 2009 to 2019, and only in the role of registrar for verifying the identity of account holders (Personal Passport). This role did not involve buying or selling WebMoney or carrying out transactions for users. The cooperation ended in 2019, and he has had no activity in WebMoney since then.

What does Ege Money do today?
Ege Money (Ege Money Investment Yazılım A.Ş.) is a company in Izmir managed by its only shareholders, Farhad Moghadam Salimi and his wife Marzieh. The company invests only its shareholders’ own capital on Borsa İstanbul and develops stock-market analysis software, including the artificial-intelligence system egemoney.ai. Ege Money accepts no capital or funds from any customer or third party.

Is Ege Money still active in crypto assets?
No. Ege Money’s crypto-asset services, including the RWA projects, the EGEM token and EgeBlock, ended in April 2025, and on 17 July 2025 the SPK moved the company to the list of companies in liquidation of this activity.

Does his Iranian nationality pose a particular risk for financial institutions?
He is aware that many financial institutions regard Iranian nationality as a risk factor. He holds dual Iranian and Turkish citizenship and has lived and worked in Turkey since 2019. During its crypto-asset period, Ege Money was supervised by the SPK and subject to MASAK’s anti-money-laundering requirements, and in a civil case the court’s expert found no suspicious transactions in the accounts of his that were examined. Since 2018 he has transferred no funds between Iran and Turkey.

What is his connection with efex.pro?
efex.pro is the continuation of Farhad Exchange under a new brand, operating since 2019 under the management of the team inside Iran. He remains one of its shareholders and takes part in major decisions. Day-to-day management is the responsibility of the team inside Iran, and since 2019 he has withdrawn no funds from this business.

Where did his capital in Turkey come from, and does he transfer money between Iran and Turkey?
His capital in Turkey was transferred once, in 2018, from the income earned from his investments and activities in Iran, legally, under the supervision of a Turkish financial advisor and with the related taxes paid. Since then no funds have been transferred between the two countries, and his assets in Iran have remained there. His income in Turkey comes from his investments in that country and from Ege Money. He is a tax resident of Turkey.

Does he have any connection with the government of Iran?
No. In his entire life he has not worked a single day in any governmental, state or military body of Iran. He was exempted from compulsory military service and did not serve. Neither he nor efex.pro has had any activity, cooperation, receipts or payments with governmental or state bodies of Iran or with sanctioned persons or entities.

Is he on any sanctions list?
No. Neither Farhad Moghadamsalimi nor efex.pro appears on the OFAC, European Union or United Nations sanctions lists (checked on 12 November 2026). Anyone can verify this on the official lists.

What is his education?
A BSc in Mechanical Engineering from the University of Tehran, an MSc in Financial Mathematics from Sharif University of Technology, and an executive programme certificate in blockchain technologies from MIT Sloan (2019).

Has he ever been convicted?
No. The published accusations were rejected in court, and the person who published them was convicted of publishing falsehoods and insult.

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Last updated: 12 November 2026

Farhad Moghadamsalimi

About the Author

This article was written by Farhad Moghadamsalimi, Senior General Manager of Ege Money and a market analyst with 30+ years of experience in financial markets.

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