Admirals Obtains Broker License in South Africa

Admirals SA (PTY) Ltd, a subsidiary of global retail FX and CFD broker Admirals (previously known as Admiral Markets), is licensed in South Africa, allowed to offer execution service in CFDs to retail and professional clients in the region. Also, the broker plans to expand into the African market by establishing its first South African office in Cape Town.

Fazzaco to Launch Business Awards 2022​

Admirals SA (PTY) Ltd will provide both CFDs and stock trading options to South African clients, and expects to launch more products in line with local policy requirements and market demand in the future.

"The addition of a South African license to our Group signifies the conclusion of one of the key milestones in our 10-year vision, which is to provide financial freedom to 10 million people by 2030", said Sergei Bogatenkov, CEO of Admirals.

He added: "Today we are witnessing a rapidly evolving financial environment in Africa, which provides us significant means to expand our client base. We see this licence as a strong landmark, laying a promising ground for the success of our long-term strategy. We look forward to bringing the chance to our existing clients and new clients to enjoy our products such as CFDs and our extensive global Share Trading options through this new license."

Founded in 2001, Admirals is currently regulated by the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). The broker has revealed that it aims to have an offer and a presence in all major regions of the world. Last June, Admirals was granted a license by the Jordan authorities to operate in Amman, becoming the first Estonian company to operate in Jordan.