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Retail FX

Retail Broker EBC Financial Greenlit in South Africa While IG Winds Down Domestic Accounts

  • FSCA approval aligns with the broker’s licences, including FCA, CIMA, ASIC, and FSC Mauritius.
  • South Africa’s fintech market is projected to double by 2033.
Tuesday, 25/11/2025 | 12:50 GMT by Tareq Sikder
Brokers

Mitrade Adds South Africa License Through Acquisition

  • The CFD broker buys an FSCA-regulated firm as part of a push into the Middle East, Africa and Latin America.
  • The new deal brings Mitrade's regulatory count to five and expands access to emerging markets.
Thursday, 09/10/2025 | 07:54 GMT by Damian Chmiel
Retail FX

South Africa's Regulator Proposes Central Clearing for FX Swaps in New Derivatives Rules

  • The regulator plans to mandate central clearing for certain products such as interest-rate and FX swaps, repos, and forwards.
  • Non-bank OTC derivatives providers will also reportedly face tougher capital standards to align their treatment with banks.
Monday, 25/08/2025 | 14:49 GMT by Jared Kirui
Retail FX

WhatsApp Investment Scam Masquerading as Johannesburg Stock Exchange Triggers FSCA Warning

  • The regulator has flagged a company for falsely presenting itself as linked to the JSE.
  • South Africa has seen a rise in online impersonation scams, including deepfake videos of regulators promoting fraudulent investment schemes.
Wednesday, 20/08/2025 | 16:57 GMT by Jared Kirui
Brokers

ACY Securities Expands Operations in South Africa with New Trading Platform Launch

  • Multi-asset broker opens Johannesburg office after Ingot Brokers acquisition.
  • The company also expanded its cryptocurrency offerings to 20 pairs with 24/7 weekend trading access.
Tuesday, 05/08/2025 | 10:11 GMT by Damian Chmiel
Retail FX

FSCA Warns Against Deepfake Scams; OpenAI CEO Flags AI Voice Cloning Risks

  • AI-generated audio and video impersonate public figures, making voiceprint authentication ineffective against advanced AI.
  • The US Federal Reserve is evaluating new ways to counter AI-driven fraud risks.
Wednesday, 23/07/2025 | 18:05 GMT by Tareq Sikder
Retail FX

South Africa's Regulator Impersonated in WhatsApp Scam Promising 30% Returns

  • A deepfake video reportedly circulating on WhatsApp falsely depicts the FSCA and its Commissioner, Mr. Unathi Kamlana, endorsing an AI-powered trading platform.
  • The regulator warned that similar scams are on the rise, with recent cases also involving fake claims of ties to Nedbank.
Thursday, 24/04/2025 | 20:53 GMT by Jared Kirui
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
Executives

PrimeX Broker's Mustafa Basil Announces Departure

  • 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.
Friday, 10/05/2024 | 08:34 GMT by Tareq Sikder
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
Analysis
Analysis
Retail FX
Analysis
Analysis

South Africa FX: Room for Growth or Already Saturated?

  • South Africa is Africa’s largest online retail forex player.
  • But, the shift in regulatory policies is a challenge for industry actors.
Wednesday, 24/08/2022 | 18:06 GMT by Solomon Oladipupo
Analysis

Is South Africa’s FSCA Doing Enough to Stop Illegal Trading?

  • South Africa is Africa’s largest player in the online forex scene.
  • Experts say the FCSA is moving at a slow pace.
Monday, 06/06/2022 | 17:05 GMT by Solomon Oladipupo
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