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Exness Opens “Regional Hub” in South Africa’s Cape Town

Tuesday, 11/11/2025 | 08:42 GMT by Arnab Shome
  • The new office will house local professionals to cater for regional clients.
  • “We see immense potential in Sub-Saharan Africa (SSA),” said Exness’ co-founder and CEO.
The opening ceremony of Exness' new South Africa office
Exness executives at the opening ceremony of the broker's new South Africa office

Exness has strengthened its presence in South Africa by opening a new office in Cape Town, which will operate as the contracts for difference (CFD) broker’s regional hub.

A Regional Hub for Africa

The broker explained that the new office will serve as the centre of its operations in South Africa and across the Sub-Saharan Africa (SSA) region. In continental Africa, the broker holds local licences from regulators in South Africa and Kenya.

Finance Magnates talking to Alfonso Cardalda, CMO of Exness, at South African office opening
Andrea Badiola Mateos co-CEO, Media at Finance Magnates, and Alfonso Cardalda, CMO of Exness

“We see immense potential in SSA, and our investment here reflects our confidence in the region’s growth and in the incredible talent driving it,” said Petr Valov, Exness’ co-founder and CEO.

The office will house professionals with local expertise and insights, ensuring that the needs of regional clients are met.

“By building a strong local presence, we are bringing our global expertise closer to our traders,” said Paul Margarites, Exness Regional Commercial Director. “This office is more than a space; it’s a reflection of our long-term commitment to traders in the region.”

A Market With Huge Potential

Exness’ South African expansion comes at a time when many other brokers are also entering the country to tap into its potential retail trading market.

South Africa is the largest economy on the African continent, with a GDP of about $400 billion for 2024. Its higher per capita income also makes it an attractive market for retail brokers.

Meanwhile, Exness is also expanding in other parts of the world. Last month, it opened an office in Jordan’s capital city, further expanding its presence in the Middle East and North Africa (MENA) region, another growth market for CFD brokers. The company is also regulated locally in Jordan.

Both the South African and Jordan offices highlight that Exness is strategically expanding its physical presence across emerging markets.

Exness has strengthened its presence in South Africa by opening a new office in Cape Town, which will operate as the contracts for difference (CFD) broker’s regional hub.

A Regional Hub for Africa

The broker explained that the new office will serve as the centre of its operations in South Africa and across the Sub-Saharan Africa (SSA) region. In continental Africa, the broker holds local licences from regulators in South Africa and Kenya.

Finance Magnates talking to Alfonso Cardalda, CMO of Exness, at South African office opening
Andrea Badiola Mateos co-CEO, Media at Finance Magnates, and Alfonso Cardalda, CMO of Exness

“We see immense potential in SSA, and our investment here reflects our confidence in the region’s growth and in the incredible talent driving it,” said Petr Valov, Exness’ co-founder and CEO.

The office will house professionals with local expertise and insights, ensuring that the needs of regional clients are met.

“By building a strong local presence, we are bringing our global expertise closer to our traders,” said Paul Margarites, Exness Regional Commercial Director. “This office is more than a space; it’s a reflection of our long-term commitment to traders in the region.”

A Market With Huge Potential

Exness’ South African expansion comes at a time when many other brokers are also entering the country to tap into its potential retail trading market.

South Africa is the largest economy on the African continent, with a GDP of about $400 billion for 2024. Its higher per capita income also makes it an attractive market for retail brokers.

Meanwhile, Exness is also expanding in other parts of the world. Last month, it opened an office in Jordan’s capital city, further expanding its presence in the Middle East and North Africa (MENA) region, another growth market for CFD brokers. The company is also regulated locally in Jordan.

Both the South African and Jordan offices highlight that Exness is strategically expanding its physical presence across emerging markets.

Topics
Exness
South Africa
About the Author: Arnab Shome
Arnab Shome
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About the Author: Arnab Shome
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
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    Mind The Gap: Can Retail Investors Save the UK Stock Market?

    As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task. Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint: -Are they happy with the Leeds Reform, in principle and in practice? -Is it the government’s job to affect the ‘saver’ mentality? Is it doing well? -What can brokers and fintechs do to spur UK investment? -How can the FCA balance greater flexibility with consumer protection? Speakers: -Adam Button, Chief Currency Analyst at investingLive -Nicola Higgs, Partner at Latham & Watkins -Dan Lane, Investment Content Lead at Robinhood UK -Jack Crone, PR & Public Affairs Lead at IG -David Belle, Founder at Fink Money #fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance Connect with us at: 🔗 LinkedIn: / financemagnates-events 👍 Facebook: / financemagnatesevents 📸 Instagram: / fmevents_official 🐦 Twitter: / f_m_events 🎥 TikTok: / fmevents_official

    As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task. Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint: -Are they happy with the Leeds Reform, in principle and in practice? -Is it the government’s job to affect the ‘saver’ mentality? Is it doing well? -What can brokers and fintechs do to spur UK investment? -How can the FCA balance greater flexibility with consumer protection? Speakers: -Adam Button, Chief Currency Analyst at investingLive -Nicola Higgs, Partner at Latham & Watkins -Dan Lane, Investment Content Lead at Robinhood UK -Jack Crone, PR & Public Affairs Lead at IG -David Belle, Founder at Fink Money #fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance Connect with us at: 🔗 LinkedIn: / financemagnates-events 👍 Facebook: / financemagnatesevents 📸 Instagram: / fmevents_official 🐦 Twitter: / f_m_events 🎥 TikTok: / fmevents_official

    As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task. Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint: -Are they happy with the Leeds Reform, in principle and in practice? -Is it the government’s job to affect the ‘saver’ mentality? Is it doing well? -What can brokers and fintechs do to spur UK investment? -How can the FCA balance greater flexibility with consumer protection? Speakers: -Adam Button, Chief Currency Analyst at investingLive -Nicola Higgs, Partner at Latham & Watkins -Dan Lane, Investment Content Lead at Robinhood UK -Jack Crone, PR & Public Affairs Lead at IG -David Belle, Founder at Fink Money #fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance Connect with us at: 🔗 LinkedIn: / financemagnates-events 👍 Facebook: / financemagnatesevents 📸 Instagram: / fmevents_official 🐦 Twitter: / f_m_events 🎥 TikTok: / fmevents_official

    As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task. Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint: -Are they happy with the Leeds Reform, in principle and in practice? -Is it the government’s job to affect the ‘saver’ mentality? Is it doing well? -What can brokers and fintechs do to spur UK investment? -How can the FCA balance greater flexibility with consumer protection? Speakers: -Adam Button, Chief Currency Analyst at investingLive -Nicola Higgs, Partner at Latham & Watkins -Dan Lane, Investment Content Lead at Robinhood UK -Jack Crone, PR & Public Affairs Lead at IG -David Belle, Founder at Fink Money #fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance Connect with us at: 🔗 LinkedIn: / financemagnates-events 👍 Facebook: / financemagnatesevents 📸 Instagram: / fmevents_official 🐦 Twitter: / f_m_events 🎥 TikTok: / fmevents_official

    As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task. Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint: -Are they happy with the Leeds Reform, in principle and in practice? -Is it the government’s job to affect the ‘saver’ mentality? Is it doing well? -What can brokers and fintechs do to spur UK investment? -How can the FCA balance greater flexibility with consumer protection? Speakers: -Adam Button, Chief Currency Analyst at investingLive -Nicola Higgs, Partner at Latham & Watkins -Dan Lane, Investment Content Lead at Robinhood UK -Jack Crone, PR & Public Affairs Lead at IG -David Belle, Founder at Fink Money #fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance Connect with us at: 🔗 LinkedIn: / financemagnates-events 👍 Facebook: / financemagnatesevents 📸 Instagram: / fmevents_official 🐦 Twitter: / f_m_events 🎥 TikTok: / fmevents_official

    As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task. Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint: -Are they happy with the Leeds Reform, in principle and in practice? -Is it the government’s job to affect the ‘saver’ mentality? Is it doing well? -What can brokers and fintechs do to spur UK investment? -How can the FCA balance greater flexibility with consumer protection? Speakers: -Adam Button, Chief Currency Analyst at investingLive -Nicola Higgs, Partner at Latham & Watkins -Dan Lane, Investment Content Lead at Robinhood UK -Jack Crone, PR & Public Affairs Lead at IG -David Belle, Founder at Fink Money #fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance Connect with us at: 🔗 LinkedIn: / financemagnates-events 👍 Facebook: / financemagnatesevents 📸 Instagram: / fmevents_official 🐦 Twitter: / f_m_events 🎥 TikTok: / fmevents_official
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