ACY Securities, a global multi-asset CFD broker, announced its acquisition of Ingot Brokers South Africa. This move grants the company a license to operate under the Financial Sector Conduct Authority (FSCA) in South Africa.

ACY Securities Expands to Africa

The company has been pursuing acquisitions in Africa, South East Asia, and Europe as part of its global expansion plan. The addition of Ingot Brokers South Africa allows ACY Securities to extend its services and technology to South African clients. These clients will gain access to over 2,200 financial instruments within a regulated environment.

The acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term enables the introduction of LogixTrader to the South African market. LogixTrader, launched earlier this year, is a web-based trading platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term offering tools aimed at improving trading performance. ACY Securities has emphasized the platform as a key element of its technology-driven approach.

LogixTrader Enters South Africa

This development follows other initiatives by ACY Securities, including updates to its Swap-Free Account and the removal of cryptocurrency deposit fees. The FSCA license allows ACY Securities to provide financial services under South Africa's Financial Advisory and Intermediary Services Act.

"Securing the deal in South Africa is a pivotal step in our global expansion journey,” Jimmy Ye, CEO of ACY Securities commented.

“This acquisition allows us to bring LogixTrader, our innovative trading platform, to a broader audience, enhancing the trading experience for clients in this dynamic market. Our focus on robust regulatory compliance ensures traders can operate with confidence, knowing they are protected by one of the world's respected financial regulators."

Meanwhile, ACY Securities reported progress in the adoption of its live copy trading feature on the Tradingcup platform, Finance Magnates reported in May. Since its launch, the feature has generated over 3,248 signals and facilitated more than $54 million in invested funds.

The live copy trading feature allows users to replicate trades from top-performing traders, offering access to trading strategies and performance data. Built on a custom in-house platform, this tool is designed to enhance engagement with financial markets for traders at various experience levels.