XTB Secures South African License from FSCA

X-Trade Brokers (XTB), a leading FX & CFD broker based in Poland, has secured a regulatory license from the Financial Sector Conduct Authority (FSCA), the regulator of the South African financial markets.

The new license is for XTB's locally formed entity, XTB Africa (Pty) Ltd.

Earlier in July, XTB has secured a category three license from the Dubai Financial Services Authority (DFSA) through its branch XTB MENA. This new license will allow XTB to provide its range of FX and CFDs products to retail and professional clients not only from the United Arab Emirates (UAE) but also to expand the offering to the other GCC states, meaning Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and North Africa.

South Africa is seen as one of the largest trading markets as demand for Forex and CFDs trading is increasing rapidly there. This year alone, the FSCA granted licenses to at least three other brokerages: Eurotrader, ETX Capital, Qinox Tech and Exness.