ATFX Successfully Acquired Khwezi Financial Services, An ODP-Licensed in South Africa

In a landmark move within the online trading industry, ATFX, a front-runner in providing cutting-edge trading services, has proudly acquired Khwezi Financial Services, a renowned Over-the-Counter Derivative Provider (ODP) in South Africa. This acquisition marks a significant milestone in ATFX's ongoing global expansion strategy, demonstrating its commitment to adhering to the highest regulatory standards and providing exemplary service to clients worldwide.

The South African ODP License

The acquisition empowers ATFX with the prestigious ODP license, endorsed by South Africa's Financial Sector Conduct Authority (FSCA). This license, under the Financial Markets Act no.19 of 2012, is a testament to ATFX's compliance with stringent financial regulations, allowing the company to offer a broad spectrum of over-the-counter derivatives, including contracts for difference (CFDs), to its growing South African client base.

ATFX Chairman Joe Li expressed the company's vision for this new venture: “Our acquisition of Khwezi Financial Services is a strategic step towards becoming a dominant force in the South African market. We aim to combine competitive pricing, advanced technology, and unparalleled customer support to offer a holistic trading experience. Our goal is to be at the forefront of the industry, bringing innovative trading opportunities and comprehensive services to both retail and institutional clients in Africa.”

ATFX: A History of Excellence and Innovation

Since its establishment in 2017, ATFX has distinguished itself through continuous innovation, transparent practices, and client-centric services. The company has consistently received international accolades, underscoring its commitment to maintaining the highest standards in the online trading industry.

With the acquisition of a Securities and Commodities Authority (SCA) license in the United Arab Emirates (UAE) and the strategic takeover of Rakuten Securities Australia Pty Limited, which included an Australian Securities and Investments Commission (ASIC) license, the year 2023 has been particularly eventful for ATFX. These accomplishments, together with the new ODP license, demonstrate ATFX's unwavering pursuit of quality and commitment to delivering safe, regulated trading services throughout the world.

ATFX's latest acquisition in South Africa is a clear indication of its commitment to expanding its global footprint while adapting its offerings to meet regional regulations and client needs. This approach not only reinforces ATFX's position as a trustworthy and compliant service provider but also promises a bright future for its clientele, both in South Africa and internationally.

Regulatory Compliance

At the heart of ATFX's business strategy is respect for local regulations and an emphasis on strong client protection measures. The company's regulatory status demonstrates its dedication to providing safe and dependable trading services. ATFX guarantees that it operates within the legal frameworks of several nations by holding licenses from the FCA (UK), CySEC (Cyprus), FSC (Mauritius), and Seychelles.

Looking forward, ATFX is prepared to continue on its path of innovation and growth. The organization is committed to expanding into new areas and improving its service offerings in order to satisfy the changing demands of traders globally. ATFX is well-positioned to adapt to the shifting environment of online trading and preserve its position as an industry leader, thanks to its solid regulatory basis and client-first attitude.

About ATFX

ATFX, which was founded in 2017, has quickly emerged as a worldwide leader in online trading services. The organization is well-known for its openness, customer-centric attitude, and compliance with international regulatory norms. ATFX is dedicated to providing its customers with a safe and smooth trading experience by offering a comprehensive choice of financial products. ATFX's recent strategic acquisitions and regulatory accomplishments reaffirm its dedication to quality while catering to a rising worldwide customer.