ATFX acquires Khwezi Monetary Companies, a licenced ODP in South Africa

ATFX can now present South African purchasers entry to numerous monetary devices and supply complete buying and selling providers as an ODP.

ATFX, a number one on-line buying and selling providers supplier, is proud to announce the current acquisition of a licenced ODP (over-the-counter spinoff supplier) in South Africa following the profitable buy of Khwezi Monetary Companies, which is regulated by the Monetary Sector Conduct Authority (FSCA). This strategic transfer additional solidifies ATFX’s international presence and strengthens its place as a key participant within the on-line buying and selling trade.

The ODP licence, granted by the FSCA beneath Monetary Markets Act no.19 of 2012, permits monetary service suppliers to legally supply over-the-counter derivatives, similar to contracts for distinction (CFDs). Because of this, ATFX can now present South African purchasers entry to numerous monetary devices and supply complete buying and selling providers as an ODP.

ATFX Chairman Joe Li highlighted the corporate’s dedication to offering a world-class buying and selling expertise for purchasers within the area.

“With the current acquisition of Khwezi Monetary Companies, ATFX boldly charts its path to vital progress within the South African market. Along with aggressive spreads, cutting-edge expertise platforms, and round the clock buyer help, ATFX goals to cater to the wants of retail purchasers with a client-centric strategy and supply a brand new supply of liquidity within the African institutional enterprise. By leveraging our sources and experience, we aspire to ascertain as a pacesetter within the trade, providing buying and selling alternatives and providers forward, and repair a wider vary of consumers within the African market,” said Li.

As a myriad of worldwide accolades ATFX bears witness to, the corporate prides itself on offering top-notch and clear providers to purchasers from all walks of life. Since its inception in 2017, ATFX has achieved vital milestones which have set it aside from its rivals.

In 2023, ATFX obtained a Securities and Commodities Authority (SCA) licence within the United Arab Emirates (UAE), permitting it to supply an array of monetary merchandise to residents. Furthermore, via buying Rakuten Securities Australia Pty Restricted in the identical 12 months, ATFX secured an Australian Securities and Investments Fee (ASIC) licence. Together with the ODP licence now, this 12 months ATFX has already acquired three extra licences along with the current licence library FCA (UK), CySEC (Cyprus), FSC (Mauritius), and Seychelles. These vital licences paved the best way for providing safe and controlled buying and selling providers to clients throughout a number of jurisdictions.

As evidenced by this newest improvement in South Africa, ATFX stays dedicated to increasing its international attain and optimising its choices in compliance with regional laws. Guided by its diligent adherence to native legal guidelines and dedication to stringent buyer safety measures, the longer term appears promising for ATFX and its clientele, not solely in South Africa however worldwide.

About ATFX

ATFX is a worldwide award-winning on-line buying and selling providers supplier, providing 300+ buying and selling devices, together with forex pairs, CFDs, indices, commodities, and extra.

With 18 places presence in Europe, Southeast Asia, the Center East, Latin America, Pacific Areas, and now South Africa, ATFX is dedicated to delivering distinctive buying and selling experiences to purchasers worldwide.

The corporate prioritises buyer satisfaction, revolutionary expertise, and strict regulatory compliance, it has been positioned as one of many high selections for merchants on the lookout for dependable and complicated buying and selling options.

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