PrimeXBT Obtains FSCA License to Start Operations in South Africa

CAPE TOWN, South Africa, November 18, 2024 (GLOBE NEWSWIRE) — PrimeXBTthe leading multi-asset trading platform, is pleased to announce that it has received a regulatory license from the Financial Sector Conduct Authority (FSCA) in South Africa. This strategic expansion into the South African market is a testament to PrimeXBT’s commitment to providing safe, transparent and innovative trading solutions to investors in the region.

With its FSCA license, PrimeXBT is fully authorized to offer a comprehensive suite of trading services to partners and investors in South Africa. This includes access to a wide range of financial instruments, cutting-edge trading tools and solid market analysis. By operating under the regulatory framework of the FSCA, PrimeXBT ensures that its customers in South Africa have the opportunity to benefit from enhanced market integrity and protection.

PrimeXBT’s entry into the South African market is part of its broader mission to democratize access to financial markets. PrimeXBT aims to provide traders of all levels with the tools and resources they need to succeed. This commitment to inclusivity and innovation has been a hallmark of PrimeXBT’s global operations.

Commenting on the new license, PrimeXBT Senior Market Analyst Matthew Hayward said: “The South African trading market is experiencing a surge in interest in trading. We are excited to help investors enter trading on their own terms by providing access to a diverse range of markets. Our platform is designed to meet the unique needs of local investors and provide them with a secure ” is designed to offer a user-friendly and feature-rich trading environment.”

PrimeXBT It plans to contribute to educational initiatives and community support programs in South Africa and further solidify its commitment to the region. This marks another major milestone in PrimeXBT’s ongoing efforts to deliver greater value to investors worldwide.

The acquisition of the FSCA license and upcoming launch in South Africa is another step in PrimeXBT’s journey to expand its global footprint while ensuring regulatory compliance and transparency. As the broker continues to innovate and grow, it remains focused on providing the best possible trading experience to its clients in South Africa and beyond.

Users can learn more about PrimeXBT Here.

About

PrimeXBT (PTY) LTD (formerly Stack Advisory (PTY) LTD) is an authorized financial services provider in South Africa with license number 45697. PrimeXBT (PTY) LTD acts as an intermediary between the investor and the market maker, the counterparty of the contract. Products purchased through PrimeXBT.

PrimeXBT is a leading CFD broker licensed and regulated by the FSCA, offering an all-in-one trading platform for trading on over 100 popular markets including CFDs, Forex, Indices, Commodities. The PrimeXBT brand has grown exponentially since its founding in 2018, serving more than 1,000,000 investors in more than 150 countries worldwide. PrimeXBT provides easy and secure access to financial markets with industry-best trading conditions and innovative tools, lowering barriers to entry to enable everyone to invest. Clients enjoy the security of trading with a reliable and trustworthy financial services provider committed to empowering investors.

Disclaimer: The content presented here is for informational purposes only and does not constitute personal investment advice. Past performance is not a reliable indicator of future results. The financial products the company offers are complex and there is a high risk of losing money quickly due to leverage. These products may not be suitable for every investor. Before engaging, users should consider whether they understand how these leveraged products work and whether they can afford to risk losing their money. PrimeXBT does not accept customers from Restricted Jurisdictions as stated on the PrimeXBT website.

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