Exness Secures 'Over-the-Counter Derivative Provider' License in South Africa

Exness is known for its use of advanced technology and ethical practices to set high industry standards and create favorable conditions for traders.

Exness, a leading global multi-asset retail broker, has achieved a significant regulatory milestone with the Financial Sector Conduct Authority (FSCA) granting it an ‘Over-the-Counter Derivative Provider’ (ODP) license in South Africa. This new license expands Exness' regulatory portfolio and underscores its commitment to adhering to high standards of client security and transparency.

The ODP license, which involves stringent risk management and reporting requirements, enhances the protection offered to clients, further solidifying Exness' reputation as a reliable broker in the South African market. This achievement reflects Exness' dedication to maintaining high regulatory standards and providing a secure trading environment.

Paul Margarites, Exness Regional Commercial Director, highlighted the importance of this development, stating, "The ODP license acquisition signifies a significant stepping stone for Exness in South Africa. Our promise to provide a frictionless trading experience extends beyond trading conditions and client journeys to include robust safety and security measures. Adherence to the FSCA’s stringent standards ensures that our South African clients have an extra layer of peace of mind when trading with Exness.”

Exness is known for its use of advanced technology and ethical practices to set high industry standards and create favorable conditions for traders. The company offers a seamless trading experience through its proprietary platform and unique market protections, reflecting its commitment to enhancing the trading experience.