ACY Securities Announces Acquisition of Ingot Brokers for South African Financial License

CFD broker ACY Securities recently announced the acquisition of South African firm Ingot Brokers.

The acquisition brings ACY Securities a license from the Financial Sector Conduct Authority (FSCA) to provide the South African market with the trading platform LogixTrader, which was launched earlier this year, and is an important milestone in its strategic growth.

The company will bring trading services and technology to South African investors, offering them access to more than 2,200 financial instruments under the regulatory framework of the FSCA.

In addition to South Africa, ACY Securities' global expansion strategy is also active in Southeast Asia and Europe.

Jimmy Ye, Chief Executive Officer of ACY Securities, said, “Securing the deal in South Africa is a pivotal step in our global expansion journey. This acquisition allows us to bring LogixTrader, our innovative trading platform, to a broader audience, enhancing the trading experience for clients in this dynamic market. Our focus on robust regulatory compliance ensures traders can operate with confidence, knowing they are protected by one of the world's respected financial regulators.”