Financial and Business News

Capital.com Appoints Former IG and FXCM Executive as Head of Compliance in South Africa

Monday, 26/01/2026 | 16:10 GMT by Tareq Sikder
  • Prishani Maheeph-Moonsamy spent over five years in compliance roles at Nedbank.
  • The appointment follows IG Group’s decision to wind down its onshore South Africa business.
Capital.com

Prishani Maheeph-Moonsamy has joined Capital.com as Head of Compliance for South Africa. She disclosed the appointment in a LinkedIn post shared today (Monday). In the post, she said she was “pleased to share that I’ve put down professional roots at Capital.com as Head of Compliance (South Africa).”

Her appointment follows IG Group’s decision last year to wind down its onshore business in South Africa. The broker informed local clients that rand-denominated domestic trading accounts would be discontinued, while offshore accounts would remain available. The company did not disclose the reasons for the move.

South African Compliance Executive Joins Capital.com

Maheeph-Moonsamy spent more than two years at IG Group, where she served as Head of Compliance for two years and nine months. The role was based in Johannesburg and focused on regulatory and financial crime compliance.

Before joining IG Group, she held senior compliance roles at FXCM. She worked as Head of Compliance for South Africa and Australia for nine months and previously served as Compliance Associate and Country Head for eleven months.

Earlier in her career, she spent five and a half years at Nedbank. She worked as Compliance Manager in Business Banking for one year and seven months and was approved by the Financial Sector Conduct Authority under Phase One and Phase Two. Prior roles at the bank included Market Conduct Compliance Specialist for just over three years and Compliance Officer for eleven months.

CFD Brokers Enter South African Market

Earlier, Capital.com applied for a licence in South Africa. The broker is also pursuing licences in Japan and Turkey and hiring executives for Brazil and Chile. Founded in 2017 by Viktor Prokopenya, Capital.com offers CFDs under regulatory authorisation in the UK, Australia, Cyprus, the UAE, and the Bahamas.

The company’s South African plans come as the local CFD market continues to expand. Several brokers have recently secured OTC Derivatives Products licences to operate in the country. These include EBC Financial, Mitrade, and Monaxa, alongside CFI and XS. Exness also opened a regional hub in Cape Town as part of its local operations.

Prishani Maheeph-Moonsamy has joined Capital.com as Head of Compliance for South Africa. She disclosed the appointment in a LinkedIn post shared today (Monday). In the post, she said she was “pleased to share that I’ve put down professional roots at Capital.com as Head of Compliance (South Africa).”

Her appointment follows IG Group’s decision last year to wind down its onshore business in South Africa. The broker informed local clients that rand-denominated domestic trading accounts would be discontinued, while offshore accounts would remain available. The company did not disclose the reasons for the move.

South African Compliance Executive Joins Capital.com

Maheeph-Moonsamy spent more than two years at IG Group, where she served as Head of Compliance for two years and nine months. The role was based in Johannesburg and focused on regulatory and financial crime compliance.

Before joining IG Group, she held senior compliance roles at FXCM. She worked as Head of Compliance for South Africa and Australia for nine months and previously served as Compliance Associate and Country Head for eleven months.

Earlier in her career, she spent five and a half years at Nedbank. She worked as Compliance Manager in Business Banking for one year and seven months and was approved by the Financial Sector Conduct Authority under Phase One and Phase Two. Prior roles at the bank included Market Conduct Compliance Specialist for just over three years and Compliance Officer for eleven months.

CFD Brokers Enter South African Market

Earlier, Capital.com applied for a licence in South Africa. The broker is also pursuing licences in Japan and Turkey and hiring executives for Brazil and Chile. Founded in 2017 by Viktor Prokopenya, Capital.com offers CFDs under regulatory authorisation in the UK, Australia, Cyprus, the UAE, and the Bahamas.

The company’s South African plans come as the local CFD market continues to expand. Several brokers have recently secured OTC Derivatives Products licences to operate in the country. These include EBC Financial, Mitrade, and Monaxa, alongside CFI and XS. Exness also opened a regional hub in Cape Town as part of its local operations.

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About the Author: Tareq Sikder
Tareq Sikder
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A Forex technical analyst and writer who has been engaged in financial writing for 12 years.

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