Eurotrader Secures South African License from FSCA

Eurotrader Group, a fully licensed and regulated retail broker in FX, stocks, cryptos, indices and commodities, announced that it has secured a South African license from the Financial Sector Conduct Authority (FSCA).

This new license is for Eurotrader's locally formed entity, Eurotrade SA (Pty) Ltd. Services under the new entity will be offered from the newly acquired eurotrader.com domain. 

Eurotrader has also added to its product portfolio, with new arrivals including thousands of additional US, UK and European stock CFDs, therefore enabling fractional share trading too.

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Commenting on Eurotrader's ambitions for the year, Sergei Grigoriev, Executive Director, said: "Eurotrader's focus is to accommodate the needs of individual traders as well as those looking to explore copy trading or account management systems. In addition to offering the industry lowest forex spreads, Eurotrader clients will have the opportunity to trade on shares and futures on the world's leading exchanges. Having direct market access to such products will enable our clients to invest in publicly listed companies."

Earlier in March, Fazzaco reported that Pelican Trading, a social copy-trading solutions and white label provider, announced its partnership with Eurotrader to expand its presence. Eurotrader was expected to integrate Pelican's proprietary copy-trading technology into its existing suite of trading platforms, offering its clients copy-trading services​.