South Africa
Capital.com Has Applied for a South African Licence
- The CFD broker is also seeking licences in Japan and Turkey, while hiring local CEOs in Brazil and Chile.
- Without mentioning South Africa, a brokerage representative said that it is exploring new licences “as part of its global expansion strategy.”
Tuesday, 02/12/2025 | 05:36 GMT by
Arnab Shome
“Catalyst for Change”: The former African Bank CEO Joins Revolut's South African Banking License Push
- The London-based fintech targets the first African market with a regulatory application.
- Dr. Gaby Magomola takes the helm as the company pursues a full commercial license.
Monday, 17/11/2025 | 11:20 GMT by
Damian Chmiel
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
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
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
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
“Calling All Crypto Transactions Externalization Would Be Very Limiting,” Warns FMAS:25 Panel
- South Africa is the leading African country in crypto adoption, with most users treating it as an investment.
- “From the moment you purchase a crypto asset, it’s inherently global,” said the panel on The Future of Crypto, Lessons from Africa.
Thursday, 10/07/2025 | 16:54 GMT by
Tareq Sikder
Scope Prime Wants to Exploit Gap Left by IG in South Africa and Adds JSE CFDs
- The broker expands its current offering with equity and ETF contracts as competitors retreat from the regional market.
- As reported by FinanceMagnates.com, the LSE-listed IG Group has decided to exit the country.
Thursday, 29/05/2025 | 07:05 GMT by
Damian Chmiel
Exclusive: IG Group to Exit South Africa
- The broker will stop clients under its South African unit from opening new positions from tomorrow and will close all open positions on 28 July.
- However, South Africans with accounts under offshore IG entities can retain their accounts.
Tuesday, 27/05/2025 | 15:33 GMT by
Arnab Shome
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
FMAS:25 – Africa's Largest Trading Summit
- The landmark event will be taking place in Cape Town on May 29-30.
Thursday, 24/04/2025 | 09:09 GMT by
FM
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
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
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
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