Capital.com Pursues South African Licence amid Wider Global Expansion

CFD brokerage Capital.com has applied for a trading licence in South Africa, adding the country to a growing list of target markets as it broadens both its regulatory footprint and product scope.

Although the company has not formally confirmed its South African ambitions, a representative noted that "as part of our global expansion strategy, Capital.com is exploring new licences in several markets." The firm is already seeking approvals in Japan and Turkey and has begun hiring local chief executives in Brazil and Chile, signalling further regional expansion.

Founded in 2017 and owned by billionaire Viktor Prokopenya, Capital.com operates under licences from regulators in the UK, Australia, Cyprus, the UAE and the Bahamas. Its growth strategy extends beyond geography: the group says it is investing in "scalable infrastructure and emerging technologies, including blockchain," a move that suggests potential future crypto-related offerings. However, regarding South Africa, the company emphasised that "it is too early to confirm specific products," adding that any new services will adhere to "the highest standards of compliance, transparency, and client support."

South Africa has become an increasingly active market for CFD brokers, who require an OTC Derivatives Provider (ODP) licence to operate locally. Firms including EBC Financial, Mitrade, Monaxa, CFI and XS have secured such licences in recent months, while Exness recently opened a regional hub in Cape Town. Not all brokers see the same opportunity: IG Group exited its South African operations earlier this year.

Capital.com has also opened a new office in Sofia, Bulgaria, which will serve as its customer service centre. The firm plans to invest up to €5 million to strengthen its operational infrastructure as its global expansion continues.