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Retail FX
South Africa's Regulator Withdraws Banxso's License Following Regulatory Scrutiny
2024-10-16T17:41:36.155+02:00
Financial Intelligence Centre reportedly blocked seven of Banxso's bank accounts.
Banxso challenged the FIC's actions in court, but the judge upheld the restrictions.
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Jared Kirui
Retail FX
Trading Signals Providers in South Africa Must Be Licensed: FSCA Imposes Debut Fine
2024-10-16T13:23:49.339+02:00
The FSCA fined and debarred one individual for providing FX signal without a license.
It clarified that “publishing signals… to online trading… falls within the definition of financial services.”
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Arnab Shome
Brokers
Exclusive: TD Markets Secures Crypto Asset Service Provider License in South Africa
2024-09-11T17:59:40.680+02:00
The new CASP authorization will enhance security and consumer protection for cryptocurrency trading.
South Africa positions itself as a leader in crypto regulation in the region.
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Executives
PrimeX Broker's Mustafa Basil Announces Departure
2024-05-10T10:34:38.390+02:00
Basil held multiple roles at the broker, including Deputy General Manager and Marketing Manager.
Recently, the firm gained regulatory approval from the Financial Sector Conduct Authority in South Africa.
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ADVERTISEMENT
Retail FX
OnEquity's FSCA License Enhances South African Market Presence
2024-02-19T15:08:07.127+02:00
The firm also maintains a Seychelles Securities Broker License.
In the region, substantial growth has been projected for digital asset market revenues.
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Analysis
Retail FX
Analysis
South Africa FX: Room for Growth or Already Saturated?
2022-08-24T20:06:16.424+02:00
South Africa is Africa’s largest online retail forex player.
But, the shift in regulatory policies is a challenge for industry actors.
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Solomon Oladipupo
Analysis
Is South Africa’s FSCA Doing Enough to Stop Illegal Trading?
2022-06-06T19:05:01.495+02:00
South Africa is Africa’s largest player in the online forex scene.
Experts say the FCSA is moving at a slow pace.
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Solomon Oladipupo
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