ATFX successfully completes the acquisition of Khwezi Financial Services, a licensed ODP in South Africa

by MMC
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Malaysia / Africa –News Direct– 500NewsWire

Malaysia, November 17, 2023 – (500NewsWire) — ATFX, a leading online trading service provider, is proud to announce the recent acquisition of a licensed Over-the-Counter Derivative Provider (ODP) in South Africa following the successful purchase of Khwezi Financial Services , which is regulated by the Financial Sector Conduct Authority (FSCA). This strategic move further strengthens ATFX’s global presence and strengthens its position as a key player in the online trading industry.

The Over-The-Counter Derivatives Provider (ODP) License, granted by the FSCA under the Financial Markets Act No. 19 of 2012, allows financial service providers to legally offer OTC derivatives , such as contracts for difference (CFD). . As a result, ATFX can now provide South African clients with access to various financial instruments and offer comprehensive trading services as an ODP.

ATFX President Joe Li highlighted the company’s commitment to providing a world-class trading experience to clients in the region. “With the recent acquisition of Khwezi Financial Services, ATFX is boldly charting its path towards significant growth in the South African market. In addition to competitive spreads, cutting-edge technology platforms and 24-hour customer support, ATFX aims to meet customer needs. meet the needs of retail clients with a client-centric approach and provide a new source of liquidity in the African institutional sector. By leveraging our resources and expertise, we aspire to establish ourselves as an industry leader, offering upcoming trading opportunities and services, and serve a wider range of clients in the African market,” said Joe Li.

As evidenced by a myriad of international accolades, ATFX prides itself on providing transparent, best-in-class services to clients from all walks of life. Since its inception in 2017, ATFX has achieved significant milestones that have set it apart from its competitors.

In 2023, ATFX was licensed by the Securities and Commodities Authority (SCA) in the United Arab Emirates (UAE), allowing it to offer a range of financial products to residents. Additionally, by acquiring Rakuten Securities Australia Pty Limited in the same year, ATFX obtained a license from the Australian Securities and Investments Commission (ASIC). Now including the ODP license, ATFX has already acquired 3 additional licenses this year in addition to the recent library of FCA (UK), CySEC (Cyprus), FSC (Mauritius) and Seychelles licenses. These important licenses have paved the way for offering secure and regulated trading services to clients across multiple jurisdictions.

As evidenced by this latest development in South Africa, ATFX remains committed to expanding its global reach and optimizing its offerings in line with regional regulations. Guided by its diligent compliance with local laws and commitment to strict customer protection measures, the future looks bright for ATFX and its customer base, not only in South Africa but around the world.

About ATFX

ATFX is an award-winning global online trading service provider, offering over 300 trading instruments including currency pairs, CFDs, indices, commodities and much more. With 18 locations across Europe, South East Asia, the Middle East, Latin America, the Pacific regions and now South Africa, ATFX is committed to delivering exceptional trading experiences to its clients across the whole world. The company prioritizes customer satisfaction, innovative technology and strict regulatory compliance. It has positioned itself as one of the best choices for traders looking for reliable and sophisticated trading solutions.

(ATFX website:

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