URICH2.com
You can earn cashback on every trade
no increased commission or spread, just the original trading cost offered by brokers
Get the best commission rebate rate with us
ATFX, a leading online trading services provider, is proud to announce the recent acquisition of a licensed ODP
(Over-the-Counter Derivative Provider) in South Africa following the successful purchase of Khwezi Financial
Services, which is regulated by the Financial Sector Conduct Authority (FSCA). This strategic move further
solidifies ATFX’s global presence and strengthens its position as a key player in the online trading industry.
The Over-the-Counter Derivatives Provider (ODP) licence, granted by the FSCA under Financial Markets Act no.19
of 2012, enables financial service providers to legally offer over-the-counter derivatives, such as contracts for
difference (CFDs). As a result, ATFX can now provide South African clients access to various financial instruments
and offer comprehensive trading services as an ODP.
ATFX Chairman Joe Li highlighted the company’s commitment to providing a world-class trading experience for
clients in the region.
“With the recent acquisition of Khwezi Financial Services, ATFX boldly charts its path to significant growth in the
South African market. In addition to competitive spreads, cutting-edge technology platforms, and round-the-clock
customer support, ATFX aims to cater to the needs of retail clients with a client-centric approach and provide a new
source of liquidity in the African institutional business. By leveraging our resources and expertise, we aspire to
establish ourselves as a leader in the industry, offering trading opportunities and services ahead, and service a wider
range of customers in the African market.”,
stated Joe Li.
As a myriad of international accolades ATFX bears witness to, the company prides itself on providing top-notch and
transparent services to clients from all walks of life. Since its inception in 2017, ATFX has achieved significant milestones
that have set it apart from its competitors.
In 2023, ATFX obtained a Securities and Commodities Authority (SCA) licence in the United Arab Emirates (UAE), allowing
it to offer an array of financial products to residents. Moreover, through acquiring Rakuten Securities Australia Pty Limited
in the same year, ATFX secured an Australian Securities and Investments Commission (ASIC) licence. Including the ODP
licence now, this year ATFX has already acquired 3 more licences in addition to the recent licence library FCA (UK), CySEC
(Cyprus), FSC (Mauritius), and Seychelles. These important licences paved the way for offering secure and regulated trading
services to customers across multiple jurisdictions.
As evidenced by this latest development in South Africa, ATFX remains committed to expanding its global reach and optimising
its offerings in compliance with regional regulations. Guided by its diligent adherence to local laws and dedication to stringent
customer protection measures, the future seems promising for ATFX and its clientele not only in South Africa but worldwide.
Deciphering Market Structures: A Comprehensive Guide for Investors
Exploring the Benefits of Trading Simulation Software for Forex Tr
Navigating the Forex Market: A Comprehensive Guide to Trading Sign
The Art of Position Sizing: A Beginner's Guide to Trading Success
Understanding Foreign Institutional Investment (FII) and its Impac
Understanding Market Manipulation: Can Brokers Manipulate Prices?
Common Mistakes in Forex Trading: Pitfalls to Avoid for Success
Navigating the Forex Market: A Guide to Choosing the Best Forex Br
Finding the Optimal Age to Begin Forex Trading: A Comprehensive Gu
Expert Strategies for Securing Your Forex Trading Account Balance
Expert Strategies for Securing Your Forex Trading Account Balance
URICH2.com