Fxview Secures FSCA Licence
Fxview, a global Forex and CFD brokerage part of Finvasia Group’s financial ecosystem, is now fully licensed by the Financial Sector Conduct Authority (FSCA) in South Africa.
Fxview, a well-known online brokerage part of Finvasia Group, announced it has obtained full approval from the South African regulator, the FSCA, to provide financial services in South Africa. The FSCA licence (Reg. No. 2018/303451/07- Licence No. 50410) opens a new horizon for the broker on the African continent.
The licence is granted for brokerage and portfolio management services, allowing the company to enter the South African market.
“Entering South Africa and the African continent has been on our horizon for some time. As we aim to strengthen our position in the region, the FSCA licence offers Fxview opportunities not only in expanding our presence but the opportunity to reach a broader client base and offer them access to an award-winning broker,” said Janis Anastassiou, MD Financial Intermediation at Finvasia Group.
The decision to target the exotic country is not fortuitous, considering South Africa’s status in terms of technology and investment services expansion in the region. The country counts in the top 10 tech-driven nations in the region, with a population showing a genuine interest in stock trading and investing. Moreover, South Africa’s total transaction value is expected to rise at an annual growth rate (CAGR 2023 – 2027) of 19%, while the total estimate transaction value sits at $17.39 billion by 2027, according to Statista.
The last few years have also witnessed a rise in interest for digital assets, with virtual asset investments expected to touch $8.67 billion in the course of 2023, Statista also shows.
With a rich offering of 500+ CFDs on stocks, cryptocurrencies, indices, commodities, and more popular asset classes, alongside 70 major, minor and exotic Forex pairs, Fxview meets and even exceeds the expectations of South African traders see more opportunities in the online trading space.
In addition, Fxview also provides access to a diverse bundle of trading tools and multiple platforms, including the popular MT4 and MT5, as well as the innovative ActTrader, which lets traders tailor their experience as they trade by adding or removing different elements of the interface as they see fit, provides a secure and robust environment for all types of traders.
“I am pleased to see the progress Fxview has made so far, as part of our group. The FSCA licence marks an important step forward as we foray into new markets not only in the African region but also globally. This is only the beginning of an exciting journey ahead,” Finvasia CEO and Co-founder Tajinder Virk also said.
The FSCA licence adds itself to a list of several authorisations for the provision of financial services across multiple jurisdictions within and outside of the EU. Fxview is also fully licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) and is registered with top-tier European bodies, such as Autorité de Contrôle Prudentiel et de Résolution (ACPR) in France, the Financial Conduct Authority (FCA) in the UK, Bundesanstalt für Finanzdienstleistungsaufsicht (BaFIN) in Germany, and more.
Notably, the financial firm is also an authorised Investment Dealer and is licensed for the Distribution of Financial Products by the Financial Services Commission (FSC) in Mauritius.
To find out more about Fxview’s licensing and regulation, visit https://fxview.com/global/group-licenses-and-registrations