ETX Capital, a London-based equities and derivatives broker with decades of experience, has recently obtained a license from the Financial Sector Conduct Authority (FSCA) to become a local Financial Service Provider in South Africa.
South African Financial Regulator
The FSCA supervises the financial markets in South Africa, aiming to promote fair and just treatment from financial institutions and protect traders while maximizing the efficiency and integrity of the sector.
South African clients of ETX Capital can speculate on all major asset classes, including stocks, indices, commodities, and foreign exchange, with tight spreads, low commissions, and rapid order execution on CFDs across thousands of global markets.
“We Are Committed To Strengthening Our Relationship With Traders”
ETX Capital, with strong roots in the UK, has recently announced its intention to expand further into EMEA markets. Nandik Barbhaiya, the Chief Marketing Officer of the firm, stated that “Achieving this important milestone is paramount to our expansion plans and is yet another feather in the ETX cap. We are committed to strengthening our relationship with traders in the region and in upcoming weeks we will be working behind the scenes to welcome our South African clients onto our new license.”
About ETX Capital
ETX Capital is the trading name of Monecor (London) Ltd., a member firm of the London Stock Exchange, authorized and regulated by the UK Financial Conduct Authority (FCA) under the registry number 124721.