CAPE TOWN, South Africa, May 5, 2023 /PRNewswire/ -- Vantage (or "Vantage Markets"), the global multi-asset broker, is pleased to announce that it has obtained a derivatives license issued by the Industry Conduct Authority Finance (FSCA) in South Africa.
The FSCA is the regulatory authority for financial institutions in South Africa, responsible for licensing, supervising and enforcing financial laws and regulations. The new license marks a significant milestone for the company, to develop a stronger presence in Africa, demonstrating its commitment to provide high-quality financial services to clients on the subcontinent, while continuing to meet the regulatory requirements set forth by the FSCA.
"We are delighted to receive our FSCA license," said Marc Despallieres, Vantage's director of strategy and trading. "We have had our sights set on South Africa for some time, and were determined to be able to provide merchants with exceptional financial products and services while operating to the highest regulatory standards."
Vantage's growing focus on South Africa was marked by the promotion of Ted Odigie to Head of Sales for Africa in November 2022. Odigie joined Vantage in August 2021, with over 17 years of experience in the financial services industry and a key focus on business development and client management.
Vantage will be present at the Africa Finance Moguls Summit in Johannesburg on May 8-10, 2023. Odigie will be a keynote speaker in the panel discussion "Market Opportunities: Where's the Alpha in Q2?", which will take place at Center Stage on May 9, 2023.
"The satisfaction and trust of our customers are our top priorities," said Odigie. "With this license, our clients will know that we are a reputable and reliable global broker, committed to protecting their interests and offering best-in-class trading services."
Vantage (or Vantage Markets) is a multi-asset broker that offers clients access to a fast and powerful service to trade CFDs on Forex, Commodities, Indices, Stocks, ETFs and Bonds.
With more than 13 years of experience in the market, Vantage entities now have more than 1,000 employees in more than 30 global offices.
Vantage is more than a broker. It provides a trusted trading ecosystem, an award-winning mobile trading app, and an easy-to-use trading platform that enables clients to take advantage of trading opportunities. Download the Vantage app on the App Store or Google Play.
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