ATFX has successfully acquired Khwezi Financial Services, a licensed Over-the-Counter Derivative Provider (ODP) in South Africa. The acquisition, regulated by the Financial Sector Conduct Authority (FSCA) and granted under the Financial Markets Act no.19 of 2012, allows ATFX to legally offer over-the-counter derivatives, including contracts for difference (CFDs), in the South African market.

ATFX Chairman Joe Li expressed the company’s dedication to providing a world-class trading experience for clients in the region. He stated, “With the recent acquisition of Khwezi Financial Services, ATFX boldly charts its path to significant growth in the South African market.” Li emphasized the commitment to a client-centric approach, competitive spreads, cutting-edge technology platforms, and round-the-clock customer support.

ATFX Expands with Khwezi Financial Services- Acquisition?

The ODP license enables ATFX to offer South African clients access to a wide range of financial instruments and comprehensive trading services. The move is part of ATFX’s broader strategy to strengthen its global presence and solidify its position as a key player in the industry. The company aims to provide a new source of liquidity in the African institutional business while catering to the needs of retail clients.

ATFX has been actively expanding its regulatory footprint in 2023. Earlier in the year, the company obtained a Securities and Commodities Authority (SCA) license in the United Arab Emirates (UAE) and acquired Rakuten Securities Australia Pty Limited, securing an Australian Securities and Investments Commission (ASIC) license. The recent addition of the ODP license in South Africa further demonstrates ATFX’s commitment to providing secure and regulated trading services across multiple jurisdictions.

By adhering diligently to local laws and implementing stringent customer protection measures, ATFX aims to establish itself as a leader in the industry. The company’s global reach and commitment to compliance are evident in its acquisition of licenses, including those from FCA (UK), CySEC (Cyprus), FSC (Mauritius), and Seychelles.

As ATFX continues to optimize its offerings in compliance with regional regulations, the future appears promising for both the company and its clientele, not only in South Africa but worldwide.

Also, Stay Updated with the Latest Broker News.