ATFX acquires licensed ODP Khwezi Monetary Providers in South Africa

Main on-line buying and selling providers supplier ATFX has introduced the acquisition of a licensed ODP (Over-the-Counter By-product Supplier) in South Africa, following the profitable buy of Khwezi Monetary Providers, which is regulated by the Monetary Sector Conduct Authority (FSCA). The corporate mentioned that this strategic transfer additional solidifies ATFX’s world presence and strengthens its place as a key participant within the on-line buying and selling trade.

The Over-the-Counter Derivatives Supplier (ODP) license, granted by the FSCA beneath Monetary Markets Act no.19 of 2012, allows monetary service suppliers to legally supply over-the-counter derivatives, corresponding to contracts for distinction (CFDs). Consequently, ATFX can now present South African purchasers entry to numerous monetary devices and supply complete buying and selling providers as an ODP.

ATFX Chairman Joe Li highlighted the corporate’s dedication to offering a world-class buying and selling expertise for purchasers within the area:

“With the current acquisition of Khwezi Monetary Providers, ATFX boldly charts its path to vital progress within the South African market. Along with aggressive spreads, cutting-edge expertise platforms, and round the clock buyer help, ATFX goals to cater to the wants of retail purchasers with a client-centric method and supply a brand new supply of liquidity within the African institutional enterprise. By leveraging our sources and experience, we aspire to determine as a pacesetter within the trade, providing buying and selling alternatives and providers forward, and repair a wider vary of shoppers within the African market.”

In 2023, ATFX obtained a Securities and Commodities Authority (SCA) license within the United Arab Emirates (UAE), permitting it to supply an array of monetary merchandise to residents. Furthermore, by means of buying Rakuten Securities Australia Pty Restricted in the identical yr, ATFX secured an Australian Securities and Investments Fee (ASIC) license. Together with the ODP license now, this yr ATFX has already acquired 3 extra licenses along with the current license library FCA (UK), CySEC (Cyprus), FSC (Mauritius), and Seychelles. The corporate mentioned that these vital licenses paved the way in which for providing safe and controlled buying and selling providers to clients throughout a number of jurisdictions.

As evidenced by this newest growth in South Africa, ATFX famous it stays dedicated to increasing its world attain and optimizing its choices in compliance with regional rules. Guided by its diligent adherence to native legal guidelines and dedication to stringent buyer safety measures, the longer term appears promising for ATFX and its clientele not solely in South Africa however worldwide.

About ATFX

ATFX is a world on-line buying and selling providers supplier, providing 300+ buying and selling devices, together with foreign money pairs, CFDs, indices, commodities, and extra. With 18 places presence in Europe, Southeast Asia, the Center East, Latin America, Pacific Areas, and now South Africa, ATFX is dedicated to delivering distinctive buying and selling experiences to purchasers worldwide. The corporate prioritizes buyer satisfaction, modern expertise, and strict regulatory compliance, it has been positioned as one of many high decisions for merchants on the lookout for dependable and complicated buying and selling options.