Qinox Tech Gets FSCA License in South Africa

Qinox Tech, a London based premium technology provider and consultancy company for forex brokers and financial institutions, has obtained a regulatory license of the South African Financial Sector Conduct Authority (FSCA)​ in the list of financial operational licenses.

Qinox Tech has been developing its network in South Africa and the region and has an effective customer database there. South African market has a fast-growing and strong economy, offering vast opportunities for investors.

Hüseyin Gürsöz, the CEO of Qinox Tech commented: “Our customers no longer have to wait long to acquire FSCA license and set up a brokerage in South Africa. We have minimized the initiation of this process by establishing a legal company to take advantage of business opportunities in the country and the region. Starting a brokerage business in Africa is now pretty easier with Qinox Tech.”

“In addition to our already completed and ongoing white-label company setup processes, we continue to meet with our existing and potential customers from various countries, especially Sub-Saharan, for the broker projects we are about to start. It is seen that the share of the African market in the global forex pie will increase significantly in the coming years and will reach a decisive level”, he added.

The London-based company, which also provides offshore licenses including Labuan, St.Vincent and Seychelles. With the addition of an FSCA license, the company expects an increase in customer growth in South Africa and the whole African continent.