ETX Capital Acquires FSCA License To Operate In South Africa
ETX Capital, a London-based equities and derivatives broker with decades of experience, has recently become a local Financial Service Provider in South Africa after obtaining a license from the Financial Sector Conduct Authority (FSCA).
South African Financial Regulator
The FSCA supervises the financial markets in South Africa, aiming to maximise the efficiency and integrity of the sector and to protect traders through the promotion of fair and just treatment from financial institutions.
South African clients of ETX Capital can enjoy tight spreads, low commissions and rapid order execution on CFDs across thousands of global markets. All major asset classes can be speculated upon, including stocks, indices, commodities and foreign exchange.
“We Are Committed To Strengthening Our Relationship With Traders”
With strong, far-reaching roots in the UK, ETX Capital has recently announced its intention to expand further into EMEA markets. Nandik Barbhaiya, the Chief Marketing Officer of the firm, stated that “Achieving this important milestone is paramount to our expansion plans and is yet another feather in the ETX cap. We are committed to strengthening our relationship with traders in the region and in upcoming weeks we will be working behind the scenes to welcome our South African clients onto our new license.”
About ETX Capital
ETX Capital is the trading name of Monecor (London) Ltd., which is a member firm of the London Stock Exchange, authorised and regulated by the UK Financial Conduct Authority (FCA) under the registry number 124721. Recently acquired by Swiss firm Guru Capital, the broker offers over 5,000 CFDs plus financial spread betting on their award-winning proprietary desktop and mobile trading platform, as well as the industry-renowned MetaTrader 4 (MT4).
The broker follows a no-dealing-desk (NDD) order execution model, increasing the efficiency of trades while boasting a wide range of analysis tools, cashback rebates, a fully-fledged demo account and an array of educational material.
CFDs and spread bets are complex, volatile financial instruments that bring a risk of losing money rapidly, especially when margin trading. 74.5% of ETX retail investors lose money on these instruments. Always ensure you understand how the assets work and whether you can afford to lose the money before opening a position.
