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ATFX Africa has implemented structural changes to its trading platform, following its acquisition of South African over-the-counter derivatives provider Khwezi Financial Services, the company announced today.
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The upgrade includes modifications to account registration and withdrawal processes, which the firm says will improve access to funds and market liquidity.
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The company has integrated MetaTrader 5 (MT5) platforms into its offering, providing mobile trading capabilities alongside desktop functionality.
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"These features empower traders to customize their trading strategies and execute them effectively while supporting mobile trading for real-time monitoring and execution without compromising performance," the company stated.
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The acquisition of Khwezi Financial Services, regulated by the Financial Sector Conduct Authority (FSCA), strengthens ATFX Africa's position in the contracts for difference (CFD) market, as South Africa's retail trading sector experiences growing interest in derivative products.
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ATFX Africa says it is forming partnerships with financial institutions and regulatory bodies across the region, though specific details were not provided.
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The developments follow broader expansion by parent company ATFX, which operates in 23 jurisdictions globally and holds licences from major regulators including the UK's Financial Conduct Authority, the Australian Securities and Investments Commission, and the Cyprus Securities and Exchange Commission.
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South Africa's retail trading sector has seen increased activity in recent years, with the FSCA implementing stricter regulations on CFD providers to enhance investor protection. The regulator requires all OTC derivative providers to maintain specified capital adequacy requirements and submit regular compliance reports.
