Marc Despallieres, Chief Strategy & Trading Officer, Vantage, said: We are thrilled to receive our FSCA license. We have had our sights on South Africa for some time, and we were determined to be able to provide traders with exceptional financial services and products while operating in compliance with the highest regulatory standards. The new…
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As per the regulator's statement, Steynberg, the CEO of Mirror Trading International Proprietary Limited (MTI) allegedly used Bitcoin (BTC) payment to lure investors into the commodity pool, as per the regulator's statement. Despite this, MTI, which was founded and headed by Steynberg, has failed to register itself as a commodity pool operator (CPO) and comply…
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Admirals obtained license in South Africa to provide execution services in CFDs to retail and professional clients earlier in June 2022. As part of its expansion in South Africa, the company also opened an office in Cape Town. The global financial technology company further announced on Thursday that its Cypriot and South African business arm…
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XTB is authorized by regulators to operate in following countries including Poland, the United Kingdom, CyPrus, Spain and Belize. The new authorization follows the recently acquired license in Dubai. A lot of financial services companies have recently gained regulatory license in South Africa including Exness, ETX Capital, Eurotrader and Qinox Tech.
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Anees said: The unique feature set of ThinkTrader is tailored with the retail investor in mind. We are proud of the quality of the platform we provide to our clients and have the confidence that the South African stock market is ripe to join in the trend of low-commission trading, just like the largest stock…
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With clients across over 26 countries, Qinox Tech pays attention to the continent, as a considerable amount of their clients are expanding in Africa. The company attributes this to the rapidly growing population and great strategic capacity of the African continent. Qinox Tech noted that there is still a large supply deficit to meet the…
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MetaQuotes Software has launched a free calendar of macroeconomic events for the fundamental market analysis back in 2018. Since then, Tradays calendar has expanded geographically, adding the countries Germany, France, Spain, Italy to the app. The most recent additions include Brazil, Hong Kong, Singapore and South Korea. The application for the fundamental market analysis now features 42 indicators of South Africa having the…
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The World Economic Forum is a much awaited event, especially when some of the “hottest” technologies are on the table: blockchain, digitalization, economic development, etc. It appears that there is a new blockchain “power” that is emerging right now. South Africa is currently positioned perfectly to be a global blockchain player among other “giants” such…
Read moreSouth Africa is on its way to become a cryptocurrency trading "heaven" and acts as a center of digital assets on the oldest continent. The Merkle just reported that one of the well known asset management companies, Sygnia, is looking to launch a cryptocurrency exchange in the third quarter of 2018. Africa has long been…
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The Competition Commission of South Africa has today referred a Forex manipulation collusion case to the Competition Tribunal which has jurisdiction throughout South Africa and adjudicates competition matters. The Forex collusion case which was first announced back in April of 2015, officially was referred for the prosecution against the following 17 institutions: Bank of America Merrill…
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