ATFX, a leading online trading services provider, is proud to announce the recent acquisition of a licensed ODP (Over-the-Counter Derivative Provider) in South Africa following the successful purchase of Khwezi Financial Services, which is regulated by the Financial Sector Conduct Authority (FSCA).  This strategic move further solidifies ATFX’s global presence and strengthens its position as a key player in the online trading industry.

The Over-the-Counter Derivatives Provider (ODP) license, granted by the FSCA under Financial Markets Act no.19 of 2012, enables financial service providers to legally offer over-the-counter derivatives, such as contracts for difference (CFDs). As a result, ATFX can now provide South African clients access to various financial instruments and offer comprehensive trading services as an ODP.

In 2023, ATFX obtained a Securities and Commodities Authority (SCA) license in the United Arab Emirates (UAE), allowing it to offer an array of financial products to residents. Moreover, through acquiring Rakuten Securities Australia Pty Limited in the same year, ATFX secured an Australian Securities and Investments Commission (ASIC) license. Including the ODP license now, this year ATFX has already acquired 3 more licenses in addition to the recent license library FCA (UK), CySEC (Cyprus), FSC (Mauritius), and Seychelles. These important licenses paved the way for offering secure and regulated trading services to customers across multiple jurisdictions.