However those seeking more direct exposure to foreign currency can also open a foreign exchange brokerage account and purchase the currencies directly using margin. Since 2010 we have tested over 100 forex brokers from the smallest local brokers to the biggest international names.
Why Incompass
South africa is a multiethnic society which encompasses a variety of cultures and languages which is reflected in its recognition of 11 official languages the highest number of any country in the world.
Forex license south ! africa. South african off shore forex legal forex trading platforms most south african traders go for trading platforms licensed by other licensing authorities the most prominent of which are the european regulatory agencies. Forex brokers looking to establish their presence in africa should seriously consider a south africa forex broker license. Previously known as the financial services board fsb the financial sector conduct authority fsca is the regulatory body of south africas non banking financial services industry which includes collective investment schemes financial advisors and brokers among others.
The financial services board of south africa fsb is a supervisory body of financial services industry in south africa under the financial advisory and intermediary services act 37 of 2002 fais act. English however is primarily used for public and commercial life. Another reason is probably the rising regulatory pressure upon forex and esp! ecially binary options brokers in europe urging them to seek n! ew markets to expand.
One of our representatives will be in contact with you after receiving your application. Forex and binary options brokers are flocking to south africa. Trade forex south africa tradeforexsa was founded to educate new traders and provide honest broker reviews written by trading experts.
Unlike europe or asia where forex trading has experienced years of regulation africa is still very much an emerging jurisdiction. It is the largest country in south africa and the 25 th largest country in the world by land area with a population close to 56 million people. One of the reasons is that the countrys economy is rapidly growing and the demand for financial services is high among the population.
Complete our online preliminary forex broker application form if you would like to start the application procedure for a forex license. The republic of south africa is the southernmost country in the afri! can continent.
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