On August 10th, 2021, XTB Africa Pty Ltd declared that they had been approved for a license from the FSCA, i.e., the Financial Sector Conduct Authority, to begin operations in South Africa. XTB executives claim that this license is part of their growth strategy of global expansion.
XTB is an online trading platform. They provide services for trading in cryptocurrencies and various other instruments like stocks, Forex CFDs, and indices. XTB was founded in 2002 to provide Forex brokerage services. Since then, they have extended their services into other instruments for trade as well.
They are already supported in several countries, and South Africa has now been added to the list. They are known for their very low trading fees, and traders can start trading without any minimum deposit. XTB also has 24 x 7 customer support services to solve any trading-related issues.
XTB is a preferred choice among many brokers because of its legal certifications from multiple regulatory authorities like the FCA, IFSC, KNF, and CySEC. Now a license from FSCA has also been added.
The XTB trading platform is now available as a mobile app and in different languages to be more accessible for customers all across the globe. The user interface of the trading platform is also very user-friendly and straightforward. But the most significant advantage of choosing XTB is that they have more than 4000 different instruments for trade under one umbrella. XTB can be a one-stop destination for traders to build a robust investment portfolio with diversified asset holdings. With its license in South Africa, XTB has now extended its global footprint. This is in line with their increased customer and market share acquisition strategy by entering many international markets.
To gain a more detailed insight into XTB services and strategies, consult an XTB review.