ATFX Acquires South Africa's Licensed ODP, Khwezi Financial Services

Following the acquisition​ of Rakuten Securities Australia Pty Ltd, a subsidiary of Rakuten Securities, Inc., ATFX, a global leading online trading CFDs broker, has taken over a licensed Over-the-Counter Derivative Provider (ODP) in South Africa, Khwezi Financial Services.

Khwezi Financial Services is regulated by the Financial Sector Conduct Authority (FSCA), and the acquisition allows ATFX to legally offer over-the-counter derivatives services to South African clients as an ODP.

With the recent acquisition of Khwezi Financial Services, ATFX boldly charts its path to significant growth in the South African market, notes ATFX Chairman Joe Li.

"In addition to competitive spreads, cutting-edge technology platforms, and round-the-clock customer support, ATFX aims to cater to the needs of retail clients with a client-centric approach and provide a new source of liquidity in the African institutional business," says Joe Li.

"By leveraging our resources and expertise, we aspire to establish as a leader in the industry, offering trading opportunities and services ahead, and service a wider range of customers in the African market."

In June, ATFX has received the Arrangement and Advice license from the UAE Securities and Commodities Authority (SCA), thus further strengthening its licensing in the Middle East.