Forex news and analysis tagged “South Africa” on BestForex.io.
South Africa's FSCA has provisionally withdrawn the licence of Imermarket — the company behind the InvesaCapital trading platform — after finding it offered contracts for difference without proper authorisation and gave advice that caused clients to lose money.
The FSCA has provisionally withdrawn the licence of Mixirite, the firm behind the UMarketPro and Protea Markets trading platforms, and barred it from conducting financial services business while it investigates alleged high-pressure sales tactics, unauthorised advice, and promises of guaranteed returns.
South Africa's financial regulator has fined QuickTrade ZAR 710,000 — about USD 44,000 — for breaching the country's anti-money laundering rules, the latest in a steady run of enforcement actions against CFD and forex brokers across the region.