Anyoption, the Cyprus Securities and Exchange Commission (SySEC) regulated binary options brand, has revealed today a new partnership with South African firm Basfour to expand its retail trading services in the country. Basfour 3773 PTY Ltd is a licensed financial services provider (FSP 42020) in South Africa which provides the regulation needed to offer the derivatives trading services in the country.
Among the top selling points that anyoption will offer local traders in South Africa are safety and a local presence. The company says it intends on bringing its strengths in security to the new partnership to offer the same, safe trading environment to traders in South Africa as it offers in Europe. anyoption explains that a local customer support office will offer 24 hour dedicated customer support through a new team that will receive the same training as the team at anyoption in Cyprus. It also launched a dedicated new website with a local domain.
Why Ethereum Needs Layer 2 Solutions More Than EverGo to article >>
anyoption’s CEO, Shy Datika, stated with regard to their plans to launch the services in the South African market: “South Africa is an incredibly large market for binary options brokers. However, there haven’t been many options for South African traders as of yet that offer the security, trust and compliances with FSP regulations that local traders are anticipating. We plan to change that with anyoption by offering our fully regulated binary options trading platform.”