Broker ATFX has announced the acquisition of Khwezi Financial Services, a South African licensed OTC derivatives provider, to strengthen its global presence.
The OTC Derivatives Provider (ODP) license, issued by the FSCA, will allow ATFX to legally offer its South African clients access to a wide range of financial instruments, including contracts for difference (CFDs).
"With the recent acquisition of Khwezi Financial Services, ATFX is boldly on track for significant growth in the South African market. In addition to competitive spreads, state of the art technology platforms and 24/7 client support, ATFX is committed to meeting the needs of retail clients with a focus on their best interests and providing a new source of liquidity to the African institutional business. By leveraging our resources and expertise, we aim to lead the industry in providing upfront trading capabilities and services to serve a wider range of clients in the African market," said Joe Li, Chairman of ATFX.
In addition, the company emphasized its commitment to providing a world-class trading experience to clients in this region of Africa, 500NewsWire reported.
At the same time, the acquisition of Khwezi Financial Services demonstrates ATFX's intention to comply with regional regulations.
ATFX is a Forex and CFD broker and part of AT Global Markets, an international investment holding company. The quality of ATFX's services has been recognized by the many awards the broker has received, including the "Fastest Growing Forex Broker in Europe" award in 2017 and the "Best CFD Forex Broker 2018" award from the UK Forex Awards.
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