HotForex Secures South African License from Country’s FSB

HotForex, a foreign exchange broker regulated by the Financial Services Commission (FSC) of Mauritius under the name HF Markets Ltd., has extended its licensing to a new jurisdiction today, bringing the South African market under its mantle of operation, according to a recent HotForex statement.

The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.

Many brokers have been eyeing growth and future markets that have included such regions as Southeast Asia, Latin America, and Africa. Boasting one of the world’s top ten capital markets and thousands of investors, South Africa has become a repeated destination for brokers looking to expand their presence on the continent.

HotForex presently holds licenses under the FSC, the Financial Service Authority (SVGFSA), and the Cyprus Securities and Exchange Commission (CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term) license – per its latest ambitions, it has now added the licensing of the Financial Services board (FSB) of South Africa via HF Markets (SA) Ltd.

The license itself operates under the name HF Markets SA (PTY) Ltd with license number 46632 and will be helpful in expanding its focus in the region moving forward. As opposed to other saturated locales, South Africa stands to constitute a large amount of new business, with HotForex looking to capture new clients.