CFI secures Category 1 FSP license from South Africa’s FSCA
CFI Financial (PTY) LTD, now an authorized South African FSP (FSP No. 53711), is actively preparing to launch its operations in South Africa. As part of that process, CFI will be setting up the necessary infrastructure and systems to provide trading technology and innovative financial solutions to South African traders.
CFI has secured a Category 1 Financial Service Provider (FSP) license by the Financial Sector Conduct Authority (FSCA) in South Africa.
The regulatory milestone for the online trading provider will allow the brokerage firm to further its agenda of geographical and business expansion in Africa.
Indeed, the FSP license is part of CFI’s broader strategy to deepen its impact across Africa, building on the successful launch of CFI Egypt in 2023 and its expansion into Kuwait, Oman, and Palestine that same year.
The group’s portfolio includes regulatory licenses from the Financial Conduct Authority (FCA) in the United Kingdom, the Securities and Commodities Authority (SCA) in the United Arab Emirates, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, the Jordan Securities Commission (JSC) in Jordan, and the Financial Regulatory Authority (FRA) in Egypt, among others.
CFI preparing to launch operations in South Africa
The South African financial watchdog has confirmed CFI’s compliance with its rigorous regulatory standards, thereby authorizing the FX/CFD broker to operate in its jurisdiction.
CFI Financial (PTY) LTD, now an authorized South African FSP (FSP No. 53711), is actively preparing to launch its operations in South Africa.
As part of that process, CFI will be setting up the necessary infrastructure and systems to provide trading technology and innovative financial solutions to South African traders.
According to the official announcement, CFI is conducting extensive market research to ensure that offerings are tailored to the region’s unique demands.
With South Africa leading the continent in online retail trading and investing, CFI expects that its new regulatory license, overseen by the FSCA, will provide an optimal setting for CFI to reinforce its leadership and strong presence across the jurisdiction and sub-Saharan Africa.
Hisham Mansour, Co-founder and Managing Director of CFI, said: “This significant achievement underscores our relentless dedication to empowering traders globally while offering them a competitive edge in the markets. With industry-leading conditions, the group remains at the forefront of the industry, leveraging its 25-year unblemished reputation to provide unparalleled trading and investing services and financial education, reaffirming our mission to empower traders globally with top-tier financial services.”
