Mitrade gains South Africa FSCA license acquiring Frida Asset Managers
The company, to be renamed Mitrade Markets Pty Ltd, represents Mitrade’s fifth regulatory license.
The company, to be renamed Mitrade Markets Pty Ltd, represents Mitrade’s fifth regulatory license.
Fortress Core is now in the final stages of expanding into additional global markets, with new partnerships set to be announced.
This latest approval marks the B2PRIME’s fourth operating licence, which includes Cyprus, Mauritius, and Seychelles.
CFI South Africa operates from Claremont in Cape Town, designed to support the delivery of premium trading services.
The acquisition facilitates ACY Securities’ expansion of its proprietary trading platform, LogixTrader, into new markets.
The FSCA is concerned about the apparent aggressive sales techniques used by Banxso agents when selling financial products to clients.
easyMarkets traders in South African will be automatically enrolled into the new FSCA license.
This development is part of CFI’s broader strategy to deepen its impact across Africa, building on the successful launch of CFI Egypt in 2023.
Fabian Frants will serve as Business Development Director of XS.com in South Africa and Director of XS ZA.
OnEquity has also hired former IronFX executive Enver Snyders, as Country Manager for South Africa.