HotForex activates South Africa FSB license, opens Johannesburg office


Global retail forex broker HotForex has announced the launch of a dedicated office in Johannesburg.

HotForex is a unified brand name of the HF Markets Group, which includes HF Markets SA (PTY) Ltd, an authorized Financial Service Provider by the South Africa FSB. HotForex was granted the FSB license last summer.

 

Aristos Kyriakides, HotForex

HotForex Managing Director Aristos Kyriakides commented:

We are excited to be expanding our operations in South Africa, as the client demand for the tailored and user-friendly services we provide, continues to grow. Our trading services and facilities to both retail and institutional clients and our new office will ensure we continue to deliver the highest standards of excellence and give our clients unparalleled access to exciting international trading opportunities.

All investors need to maximise opportunities, diversify and manage risk. Forex and other derivatives – if managed properly – can be the ideal vehicles for investors in Africa to achieve great results.

According to Mr. Kyriakides, one of the edges provided by HotForex, which also has a licensed subsidiary in Cyprus, is that all Retail, Affiliates and White Label clients have the opportunity to access interbank spreads and liquidity via state-of-the-art automated trading platforms. The affiliates dedicated scheme, HF Affiliates is targeted at individuals from around the world. Mr. Kyriakides added:

We want our associates to stay with us for the long term and benefit from rewarding commission plans and a multi-tier affiliate tracking system. Moreover, HF Affiliates benefit from full marketing support and complimentary promotional materials, as well as prompt on-demand support from a dedicated Affiliates Department.

Education is a major drive and the company assists its clients with regular news, updates, analysis and training to ensure their venture into forex trading meets their expectations and so that risk management is always top of mind.

Client fund security is a major part of the company’s philosophy alongside high level trading conditions and customer support.

Placing such a high priority on security and peace of mind, client funds are received in the company’s fiduciary segregated bank accounts. These funds are off balance sheet and cannot be used to pay back creditors in the unlikely event of default of the Company. Therefore company funds are segregated from client funds.

“You should never rush into the markets with your eyes wide shut. We are there to support clients on their trading journey every step of the way and our new office gives us the ideal platform to become partners and champions for our clients’ success in the truest sense, especially with so much uncertainty besetting the markets at the moment,” concludes Mr. Kyriakides.

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HotForex activates South Africa FSB license, opens Johannesburg office

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