Global CFD broker Mitrade has acquired Fridah Asset Managers Pty Ltd, a licensed South African Financial Services Provider, expanding its regulatory footprint with approval from the Financial Sector Conduct Authority (FSCA).
Mitrade Expands with South African Licence Acquisition
The acquired firm will be renamed Mitrade Markets Pty Ltd, marking Mitrade’s fifth licence globally.
The move strengthens Mitrade’s long-term growth strategy across Africa, the Middle East, and Latin America, as it seeks to capture rising retail participation in emerging markets.
Mitrade noted that trading activity in regions such as MENA and LATAM has been increasing, reflecting growing demand for mobile-first trading platforms.
“In a volatile macroeconomic climate, building resilient infrastructure across licensed jurisdictions is how we scale sustainably,” said Kevin Lai, Vice President of Mitrade.
“This acquisition forms part of a broader strategy to promote inclusivity by expanding access to credible, regulated brokers across regions like LATAM and MENA.”
Mitrade already holds licences from ASIC in Australia, CIMA in the Cayman Islands, FSC in Mauritius, and CySEC in Cyprus.
The new FSCA licence will allow the broker to offer seamless access to over 800 financial instruments, including forex, indices, commodities, ETFs, and shares, while enhancing regulatory oversight and local market credibility.
The acquisition underscores Mitrade’s aim to position itself as a trusted, multi-region trading provider offering secure, intuitive platforms to global investors.
