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South Africa

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CryptoCurrency

South Africa Grants Crypto Licences to 248 Firms, Another 56 Applicants in Pipeline

  • The FSCA received a total of 420 CASP licence applications.
  • The regulator also declined the applications of nine firms.
Monday, 30/12/2024 | 06:54 GMT by Arnab Shome
Retail FX

Banxso Allegedly Misleads South African CFD Clients: Allows Trading with Suspended License

  • The local regulator reconfirmed that the broker's license remains suspended.
  • Recently, a court unfroze the broker’s bank accounts, allowing it to return clients' deposits.
Tuesday, 12/11/2024 | 11:14 GMT by Arnab Shome
Retail FX

South Africa's Regulator Withdraws Banxso's License Following Regulatory Scrutiny

  • 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.
Wednesday, 16/10/2024 | 15:41 GMT by Jared Kirui
Retail FX

Trading Signals Providers in South Africa Must Be Licensed: FSCA Imposes Debut Fine

  • 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.”
Wednesday, 16/10/2024 | 11:23 GMT by Arnab Shome
Brokers

Exclusive: TD Markets Secures Crypto Asset Service Provider License in South Africa

  • 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.
Wednesday, 11/09/2024 | 15:59 GMT by Damian Chmiel
Retail FX

Finalto South Africa Launches White Label Solution for Rapid Brokerage Setup

  • The solution allows the setup in a month with customizable features and top-tier liquidity.
  • It is platform-agnostic and includes reporting tools, and risk controls.
Monday, 09/09/2024 | 10:08 GMT by Tareq Sikder
Payments

The Rand Goes Digital: South Africa's Push for a Cashless Future

  • The South African Reserve Bank has unveiled an ambitious roadmap.
  • The roadmap aims at fostering competition and innovation within the financial sector.
Wednesday, 05/06/2024 | 16:00 GMT by Pedro Ferreira
Retail FX

Exclusive: Former Admirals and Alpari Board Member Launches FX/CFD Broker

  • Bartosz Bielec, a market veteran with 20 years of experience, started a new CFD business.
  • Prime Quotes has already acquired licenses, allowing for expansion in Africa and Asia.
Monday, 20/05/2024 | 14:10 GMT by Damian Chmiel
FM-Events

All You Need to Know About South Africa

  • As the biggest event of the year in Africa, FMAS:24 will be here in less than one week!
Tuesday, 14/05/2024 | 10:09 GMT by Jeff Patterson
Retail FX

CFI Obtains Regulatory Approval for South African Operations

  • The company has secured a Category 1 FSP license from the Financial Sector Conduct Authority.
  • The firm holds regulatory licenses from the UK, UAE, Cyprus, Jordan, and Egypt.
Thursday, 02/05/2024 | 10:51 GMT by Tareq Sikder
CryptoCurrency

South Africa Navigates Crypto Regulations: To License 60 Firms This Month

  • This step is aimed at building investor confidence and reducing risks associated with crypto trading.
  • The FSCA has disclosed that more than 300 crypto firms are seeking regulatory licensing in South Africa.
Wednesday, 13/03/2024 | 19:51 GMT by Jared Kirui
Brokers

Most Reliable Brokers in South Africa in 2024

  • See why reputation, reliability, fees, customer support, and regulatory compliance matter.
Thursday, 22/02/2024 | 09:56 GMT by Finance Magnates Staff
Retail FX

XS.com Gains South Africa License by Acquiring a Local Firm

  • The brokerage established a local entity to offer services in the country.
  • Apart from South Africa, it holds licenses in Australia, Cyprus, and the Seychelles.
Wednesday, 21/02/2024 | 07:50 GMT by Arnab Shome
Retail FX

TradingView Integrates South African Broker Herenya to Enhance Services for Retail Clients

  • Herenya aims to cater to both professional and non-professional retail traders.
  • Traders can access Herenya's services directly from TradingView's charts.
Monday, 19/02/2024 | 14:22 GMT by Jared Kirui
Retail FX

OnEquity's FSCA License Enhances South African Market Presence

  • The firm also maintains a Seychelles Securities Broker License.
  • In the region, substantial growth has been projected for digital asset market revenues.
Monday, 19/02/2024 | 13:08 GMT by Tareq Sikder
Brokers

Best Forex Brokers in South Africa in 2024

  • Who are the best and most trusted Forex brokers in South Africa in 2024?
Thursday, 01/02/2024 | 09:28 GMT by Finance Magnates Staff
FinTech

London's Ebury Eyes African Market with Prime Financial Markets Takeover

  • Ebury specializes in FX and payments, aiding SMEs and midcaps in global trade.
  • Operating in 23 countries, it manages annual transactions exceeding $27 billion.
Tuesday, 12/12/2023 | 17:53 GMT by Tareq Sikder
Retail FX

Exclusive: JP Markets to Relaunch CFDs Trading in South Africa with ODP License

  • The broker recently received an ODP license from the FSCA.
  • Earlier, JP Markets had to shutter its offerings after the suspension of its previous license in 2020.
Friday, 25/08/2023 | 08:55 GMT by Arnab Shome
CryptoCurrency

South Africa Imposes Licensing Requirements on Crypto Exchanges

  • Cryptocurrency exchanges in the country have until November 30 to comply.
  • The FSCA said the new rules will protect investors from fraud.
Tuesday, 04/07/2023 | 16:07 GMT by Jared Kirui
FM-Events

FMAS 23: Final Day Sessions in Full Gear as Experts Talk Africa

  • The final day has many panel discussions and workshops.
  • The event brings the entire African financial services industry together.
Wednesday, 10/05/2023 | 09:09 GMT by Jeff Patterson
Education Center

The Adoption of Open Banking and Its Impact on Financial Services in South Africa

  • Can South Africa lead the way forward?
Friday, 05/05/2023 | 11:19 GMT by FM Contributors
Brokers

Vantage Gains Regulatory License in South Africa

  • The broker can now offer derivatives products locally in the country.
  • It also promoted Ted Odigie to Head of Sales in Africa.
Thursday, 04/05/2023 | 11:17 GMT by Arnab Shome
Retail FX

South African CEO to Pay $3.4 Billion for Forex Fraud

  • The CEO defrauded investors worldwide of 30K BTC between 2018 and 2021.
  • US derivatives watchdog charged Cornelius Steynberg in July last year.
Thursday, 27/04/2023 | 21:59 GMT by Solomon Oladipupo
FM-Events

FMAS:23 Session Spotlight – Industry Leaders Talk Opportunities for All

  • Amid a looming recession, the industry is looking for new revenues streams.
Friday, 21/04/2023 | 10:50 GMT by Jeff Patterson
FM-Events

FMAS:23 at Sandton: A Hub for Finance and Fintech Innovation in South Africa

  • Johannesburg has emerged as a growing hub for both the finance and fintech industry.
Wednesday, 05/04/2023 | 12:45 GMT by Jeff Patterson
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