PrimeXBT Acquires FSCA License to Launch Operations in South Africa

PrimeXBT, a leading multi-asset trading platform, is pleased
to announce that it has secured a regulatory license from the Financial Sector
Conduct Authority (FSCA) in South Africa. This strategic expansion into the
South African market is a testament to PrimeXBT’s commitment to providing
secure, transparent, and innovative trading solutions to traders in the region.

With the FSCA license, PrimeXBT is fully authorized to offer
its comprehensive suite of trading services to partners and traders in South
Africa. This includes access to a wide range of financial instruments,
cutting-edge trading tools, and robust market analysis. By operating under the
FSCA’s regulatory framework, PrimeXBT ensures that its clients in South Africa
have an opportunity to benefit from enhanced market integrity and protection.

PrimeXBT’s entry into the South African market is part of
its broader mission to democratize access to financial markets. PrimeXBT aims
to empower traders of all levels with the tools and resources they need to
succeed. This commitment to inclusivity and innovation has been a hallmark of
PrimeXBT’s global operations.

Commenting on the new license, Matthew Hayward, Senior
Market Analyst at PrimeXBT said: “The South African trading market is
experiencing a surge in interest for trading. We are excited to provide access
to diverse markets, helping traders enter trading on their own terms. Our
platform is designed to meet the unique needs of local traders, offering them a
secure, user-friendly, and feature-rich trading environment.”

PrimeXBT plans to contribute to educational initiatives and
community support programs in South Africa, further solidifying its commitment
to the region. This marks another significant milestone in PrimeXBT’s ongoing
efforts to deliver more value to traders worldwide.

The acquisition of the FSCA license and the upcoming launch
in South Africa are another step in PrimeXBT’s journey of expanding its global
footprint while ensuring regulatory compliance and transparency. As the broker
continues to innovate and grow, it remains focused on providing the best
possible trading experience for its clients in South Africa and beyond.

About

PrimeXBT (https://primexbt.co.za) (PTY) LTD (previously
named Stack Advisory (PTY) LTD) is an authorized financial services provider in
South Africa with license number 45697. PrimeXBT (PTY) LTD acts as an
intermediary between the investor and the market maker which is the
counterparty to the products purchased through PrimeXBT.

PrimeXBT is a leading CFD broker, licensed and regulated by
the FSCA, that offers an all-in-one trading platform to trade over 100 popular
markets, including CFDs on Crypto, Forex, Indices, Commodities, and Crypto
Futures. Since its founding in 2018, the PrimeXBT brand has grown
exponentially, serving 1,000,000+ traders in 150+ countries worldwide. To make
investing available to all, PrimeXBT lowers the barriers of entry providing
easy and secure access to the financial markets with the industry-best trading
conditions and innovative tools. Clients enjoy the confidence of trading with a
trusted and reliable financial service provider, committed to empowering
traders.

Disclaimer: The content provided here is for
informational purposes only and is not intended as personal investment advice.
Past performance is not a reliable indicator of future results. The financial
products offered by the Company are complex and come with a high risk of losing
money rapidly due to leverage. These products may not be suitable for all
investors. Before engaging, users should consider whether they understand how
these leveraged products work and whether they can afford the high risk of
losing their money. PrimeXBT does not accept clients from Restricted
Jurisdictions as indicated on the PrimeXBT website.

This article was written by FL Contributors at www.forexlive.com.