London-based CFDs broker ETX Capital has announced that it has received its license from the Financial Sector Conduct Authority (FSCA) in South Africa, which means it is now officially authorised as a local Financial Service Provider.

The FSCA is responsible for market conduct regulation and supervision and aims to enhance the efficiency and integrity of financial markets, protecting traders by promoting fair treatment from financial institutions.

Anchored by a strong UK presence, ETX Capital recently revealed plans to expand into Europe and beyond. Chief Marketing Officer, Nandik Barbhaiya, commented,

“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.”

The company said that ETX clients in South Africa enjoy instant execution, tight spreads and low commissions on CFDs on thousands of global markets – across all major asset classes from forex, indices, shares and commodities.

ETX Capital, via parent Monecor (London) Ltd, is regulated by the FCA. The company was acquired by Swiss firm Guru Capital in 2020.