Soon after its update to latest MT5 platform, CySEC-regulated Forex broker FXTM (ForexTime) has announced that it is continuing its ongoing expansion, with the broker having recently received a license from the Financial Services Board (FSB) in South Africa. The license was obtained on July 5, 2016 (FSP no.46614) and provides the company with the opportunity…
Read moreThomson Reuters has announced the launch of its Org ID managed service solution for Know Your Customer (KYC) due diligence in South Africa, together with design partner banks Barclays Africa, Rand Merchant Bank (a division of FirstRand Bank) and Standard Bank of South Africa, who have all committed to use the Org ID service to…
Read moreThe Financial Services Board (FSB) of South Africa would like to warn the public not to conduct financial services business with Outlook Forex Traders. Outlook Forex Traders is not authorised as a financial services provider and is not a representative of an authorised financial services provider. Persons rendering financial services without a licence or without…
Read moreFairfx Group PLC (LON: FFX) a London based low-cost multi-currency payments service, has extended its international payments service into the domestic South African market through a tripartite agreement with Morgan West Ltd and Mercantile Bank. Services providing foreign exchange into South African Rand (ZAR) to send into South Africa are widely available. Converting ZAR into…
Read moreForex and CFD provider AvaTrade continues to expand its global presence and has now officially opened its South African subsidiary - ‘Ava Capital Markets Pty Ltd’ - with offices in Johannesburg in South Africa – licensed under the Financial Services Board (FSB) – FSP Number 45984. This is the eleventh international office of AvaTrade of…
Read moreSouth Africa's Financial Services Board (FSB) has just published its Annual Report for the fiscal year to March 31, 2015, providing some key numbers regarding the oversight of financial service providers (FSPs), a group which includes investment intermediaries such as Forex brokers. The regulator reported that its Financial Advisory and Intermediate Services (FAIS) division authorized…
Read moreThe Financial Services Board (FSB) of South Africa today announced it established a Memorandum of Understanding (MoU) under the European Markets Infrastructure Regulation (EMIR) with the European Securities and Markets Authority (ESMA). This MoU establishes cooperation arrangements, including the exchange of information, regarding Central Counterparties (CCPs) which are established and authorized or recognized in South Africa, and which…
Read moreOn October 27th 2014, the South African Reserve Bank (SARB) and the Financial Services Board (FSB) announced the launch of a review of the Forex trading practices among authorized dealers in the South African Forex market which was published today. A Foreign Exchange Review Committee (FXRC) was established, headed by Mr. J Cross, former Senior Deputy…
Read moreSoutht Africa's Financial Services Board will be in Johannesburg in October as part of its effort to take its regulatory functions to the public.
Read moreIt has been brought to the South African watchdog's attention that the entity uses a registered legal company's registration number and it promises clients a 25% daily return on their investments!
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