OnEquity, a leading CFD and FX broker, has achieved a significant milestone by securing a full license from the Financial Sector Conduct Authority (FSCA) in South Africa. This license allows OnEquity to offer its comprehensive trading services to South African traders, including hundreds of CFD instruments, competitive spreads, and advanced trading platforms like MT4 and MT5. With a focus on transparency and client satisfaction, OnEquity is committed to providing a secure and exceptional trading experience for all.
JOHANNESBURG, South Africa, 17th Feb 2024 - OnEquity, a leading CFD and FX broker, is now fully licensed by the Financial Sector Conduct Authority (FSCA) of South Africa. The platform adds this license to the Seychelles Securities Broker License (SD154), which is authorized by the Seychelles Financial Services Authority (FSA) and registered under number 810588-1, adhering to the Consolidated Securities Act of 2007.
About OnEquity's FSCA License
After successfully operating in the market since 2022, OnEquity has achieved a significant milestone by securing full licensing from the Financial Sector Conduct Authority (FSCA) in South Africa.
Our mission is to establish the most exceptional and transparent trading environment for retail and institutional clients, allowing traders to concentrate on their business activities.
The broker has announced that it has gained full approval from the South African regulator, the FSCA, to provide its financial services. The FSCA registration number: 2021/321834/07 with license No. 53187 breaks new ground for the platform in Africa.
The license for brokerage services and portfolio management will allow OnEquity to enter the market. Reflecting on this achievement, Enver Snyders, OnEquity’s
Country Manager for South Africa, shares his insights:
“For OnEquity SA, obtaining an FSCA license is a huge achievement, mainly because of the doors of opportunity that the license has opened for us as a company to navigate our way through the forex trading market without hindrance, now we can provide our clients with full transparency and ability. A reputable and regulated forex broker must make a proper mark in South Africa.”
Expanding Our Reach in Africa
Venturing into the South African market aligns with recent technological advancements and the growth of financial services.
With digital asset market revenues projected to reach $373.0 million by 2024 and expected annual growth of 9.15%, rising to $529.4 million by 2028, these figures present a compelling opportunity for OnEquity to establish and enhance its presence in the market.
A Comprehensive Trading Experience
With a comprehensive offering of hundreds of CFD instruments on currencies, indices, cryptocurrencies, commodities, and stocks, along with nearly 60 currency pairs, OnEquity meets and far exceeds the expectations of South African traders looking for new trading options.
Enver Snyders, OnEquity's Country Manager for South Africa, tells us what our next objectives are for the future: “As a “New Kid on the Block” our main aspiration in South Africa is not only to grow within the space of the South African forex market but also to grow to pivot within the region of Africa and more specifically the Sub-Saharan area of Africa.
Taking over Sub-Saharan Africa is a complex and challenging task for a forex broker. However, we believe that we have one of the smoothest platforms, with a friendly user interface and endless trading benefits that will positively contribute to the normal retailer's trading journey and assist them in reaching their financial goals.
We have conducted thorough market research from our side to understand the local forex landscape, regulatory environment, economic conditions, and potential opportunities in Sub-Saharan Africa.
Our goal is to establish a strong local presence by setting up branch offices or partnerships with local forex and financial institutions. Building trust and credibility within the local community is essential.”
OnEquity provides broad access to different trading tools and platforms, such as the well-known MT4 and MT5, allowing traders to adapt to their trading objectives and experience. Remember that you can trade with no commissions, low spreads, and different accounts at your service.
We are excited about the opportunities ahead and remain committed to delivering excellence in trading services to our valued clients and partners. Thank you for your continued support as we embark on this journey together.
Media Contact
Organization: Oneqity
Contact Person: Oneqity
Website: https://www.onequity.com/
Email: Send Email
Contact Number: +27871388240
Address:3RD FLOOR CNR FREDMAN DRIVE & BUTE LANE SANDTON
City: JOHANNESBURG
Country:South Africa
Release id:9814
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