PR Newswire
14 Nov 2023, 16:11 GMT+10
KUALA LUMPUR, Malaysia, Nov. 14, 2023 /PRNewswire/ -- 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) license, 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 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) license 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) license. Including the ODP license now, this year ATFX has already acquired 3 more licenses in addition to the recent license library FCA (UK), CySEC (Cyprus), FSC (Mauritius), and Seychelles. These important licenses 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 optimizing 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.
About ATFX
ATFX is a global award-winning online trading services provider, offering 300+ trading instruments, including currency pairs, CFDs, indices, commodities, and more. With 18 locations presence in Europe, Southeast Asia, the Middle East, Latin America, Pacific Regions, and now South Africa, ATFX is committed to delivering exceptional trading experiences to clients worldwide. The company prioritizes customer satisfaction, innovative technology, and strict regulatory compliance, it has been positioned as one of the top choices for traders looking for reliable and sophisticated trading solutions.
(ATFX Website: https://www.atfx.com)
Get a daily dose of Sydney Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Sydney Sun.
More InformationBRUSSELS, Belgium: U.S. drugmakers are charging significantly more for new treatments, particularly those targeting rare diseases,...
MINNETONKA, Minnesota: UnitedHealth shares took a sharp hit this week, after a report by the UK's Guardian alleged the healthcare giant...
HUNG YEN, Vietnam: A new US$1.5 billion luxury golf and residential project backed by the Trump Organization officially broke ground...
SYDNEY, Australia: Australian businesses are feeling optimistic about their prospects in China despite escalating global trade tensions,...
MOSCOW, Russia: Russia's top oil company, Rosneft, has taken over control of the country's largest rare earth metals deposit, Tomtor,...
GOTHENBURG, Sweden: Volvo Cars is stepping up its collaboration with Google to become the lead development partner for Android automotive...
WASHINGTON, D.C.: The U.S. Army plans to change the records of transgender soldiers to list only their sex at birth, according to a...
WASHINGTON, D.C.: The Federal Aviation Administration (FAA) said this week that it will require airlines to reduce the number of flights...
GAZA - The home of a doctor working in the emergency room at the Nasser Medical Complex in southern Gaza was struck by Israel Air...
ORLANDO, Florida: For years, Universal Orlando played second fiddle to Disney's sprawling empire in Central Florida. Now, with the...
WASHINGTON, D.C.: The U.S. Transportation Department is expected to say that fuel economy rules created under President Joe Biden went...
WASHINGTON, D.C.: The U.S. Justice Department is investigating Andrew Cuomo, the former governor of New York and a top candidate for...