Vantage positive factors FSCA license to function in South Africa

World multi-asset dealer Vantage has introduced that it it has obtained a derivatives license issued by the Monetary Sector Conduct Authority (FSCA) in South Africa.

The FSCA is the regulatory authority for monetary establishments in South Africa, answerable for licensing, supervising, and imposing compliance with monetary legal guidelines and rules. The brand new license marks a big milestone for the corporate, to develop a extra highly effective presence in Africa, demonstrating its dedication to offering high-quality monetary providers to purchasers on the subcontinent, whereas remaining in compliance with the regulatory necessities set by the FSCA.

Marc Despallieres, Chief Technique & Buying and selling Officer at Vantage stated:

“We’re thrilled to obtain our FSCA license. We now have had our sights on South Africa for a while, and we had been decided to have the ability to present merchants with distinctive monetary providers and merchandise whereas working in compliance with the best regulatory requirements.”

Vantage’s rising give attention to South Africa was marked by the promotion of Ted Odigie (pictured above) to Head of Gross sales for Africa in November. Ted Odigie joined Vantage in August 2021, with over 17 years of expertise within the monetary providers sector, and a key give attention to enterprise growth and shopper administration.

“Our purchasers’ satisfaction and belief are our prime priorities,” stated Odigie. “With this license, our purchasers will know we’re a good and reliable international dealer – dedicated to defending their pursuits and offering the best-in-class buying and selling providers.”

About Vantage

Vantage (or Vantage Markets) is a multi-asset dealer providing purchasers entry to a nimble and highly effective service for buying and selling CFD on Foreign exchange, Commodities, Indices, Shares, ETFs, and Bonds. With greater than 13 years of market expertise, Vantage entities now have over 1,000 workers throughout greater than 30 international places of work. Vantage is greater than a dealer. It gives a trusted buying and selling ecosystem, an award-winning cell buying and selling app, and a user- pleasant buying and selling platform that allows purchasers to make the most of buying and selling alternatives. Obtain the Vantage App on App Retailer or Google Play.