PrimeXBT obtains FSCA License to operate in South Africa

A popular trading platform, PrimeXBT has recently received a license from the Financial Sector Conduct Authority (FSCA) to officially start trading in South Africa. PrimeXBT now provides South African traders with a wide range of trading tools and services.

According to the latest version, it includes market analysis and advanced options. The FSCA license enables traders in the region to receive safer and more reliable services.

Matthew Hayward, Senior Market Analyst at PrimeXBT said: “The South African trading market is experiencing a surge in interest for trading. We are excited to provide access to diverse markets, helping traders enter trading on their own terms. Our platform is designed to meet the unique needs of local traders, offering them a secure, user-friendly, and feature-rich trading environment.”

About FSCA

The Financial Sector Conduct Authority (FSCA) is the South African financial institutions' market conduct regulator.

The FSCA's mission is to improve the efficiency and integrity of financial markets, promote fair consumer treatment by financial institutions, provide financial education and financial literacy, and help maintain financial stability.

About Prime XBT

Prime XBT, founded in 2018 and registered in Seychelles, is a broker that provides services in trading over 110 assets across various classes, such as Cryptocurrencies, Forex, Indices, and Commodities. It requires no minimum deposit. While Prime XBT claims to have over 1 million users, 152 countries served, and an average daily volume of over 1 billion, it operates without any regulation. Additionally, it doesn't accept users from some regions, including the USA, Canada, Cuba, Iran, and so on.

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