Trive South
Africa has officially started onboarding derivatives trading clients, marking
its entry into the competitive African financial markets. The company, which
operates under a license from the Financial Sector Conduct Authority (FSCA), is
led by Marius Grobler, who previously served as Triveβs Chief Operating Officer
(COO) in the MENA region.
Trive South Africa
Launches Derivatives Market Operations in Compliance with ODP
Besides
offering the MetaTrader 4 and 5 platforms, Trive South Africa has announced
plans to launch a copy trading feature called Trive Social, while also
developing its own proprietary trading platform .
Grobler,
now the CEO of Trive South
Africa, mentioned that the company aims to establish itself as “the
premier choice for derivatives trading” in this part of the world.
βOur recent
strategic partnerships, including our collaboration with Finalto SA as our Over-the-Counter
Derivative Provider (ODP) and risk partner, position us strongly in the
market,β Grobler commented.
This
partnership, established
in mid-July, has allowed Trive to enhance its trading ecosystem and develop
liquidity solutions in the region.
The company
is offering ZAR-denominated trading accounts and has integrated multiple local
payment service providers, offering rather high leverage of up to 1000:1.
Meanwhile,
its independent entity, Trive Financial Services Africa, based in Mauritius and
licensed by the local FSC, will focus on B2B activities, processing up to $4
billion in transactions each month.
Retail Trading Booms in
South Africa
The
brokerage industry in South Africa has been developing very dynamically in
recent months. Several companies, including CFI, have obtained licenses to
operate in this part of the world.
A new
player, Prime Quotes, founded by former Admirals and Alpari Board Member
Bartosz Bielec, also entered the local market a few months ago. XTB has been
actively expanding in this region for several years too, focusing on developing
its offerings in the African market after its success in Europe and South
America.
Meanwhile,
Finalto introduced a new service this month that will further streamline the
market entry process for brokers. The company launched a new White Label
solution designed to help market participants quickly establish their own
brokerages. The solution offers access to top-tier liquidity and aims to set
new brokerages apart in the competitive market.
Trive South
Africa has officially started onboarding derivatives trading clients, marking
its entry into the competitive African financial markets. The company, which
operates under a license from the Financial Sector Conduct Authority (FSCA), is
led by Marius Grobler, who previously served as Triveβs Chief Operating Officer
(COO) in the MENA region.
Trive South Africa
Launches Derivatives Market Operations in Compliance with ODP
Besides
offering the MetaTrader 4 and 5 platforms, Trive South Africa has announced
plans to launch a copy trading feature called Trive Social, while also
developing its own proprietary trading platform .
Grobler,
now the CEO of Trive South
Africa, mentioned that the company aims to establish itself as “the
premier choice for derivatives trading” in this part of the world.
βOur recent
strategic partnerships, including our collaboration with Finalto SA as our Over-the-Counter
Derivative Provider (ODP) and risk partner, position us strongly in the
market,β Grobler commented.
This
partnership, established
in mid-July, has allowed Trive to enhance its trading ecosystem and develop
liquidity solutions in the region.
The company
is offering ZAR-denominated trading accounts and has integrated multiple local
payment service providers, offering rather high leverage of up to 1000:1.
Meanwhile,
its independent entity, Trive Financial Services Africa, based in Mauritius and
licensed by the local FSC, will focus on B2B activities, processing up to $4
billion in transactions each month.
Retail Trading Booms in
South Africa
The
brokerage industry in South Africa has been developing very dynamically in
recent months. Several companies, including CFI, have obtained licenses to
operate in this part of the world.
A new
player, Prime Quotes, founded by former Admirals and Alpari Board Member
Bartosz Bielec, also entered the local market a few months ago. XTB has been
actively expanding in this region for several years too, focusing on developing
its offerings in the African market after its success in Europe and South
America.
Meanwhile,
Finalto introduced a new service this month that will further streamline the
market entry process for brokers. The company launched a new White Label
solution designed to help market participants quickly establish their own
brokerages. The solution offers access to top-tier liquidity and aims to set
new brokerages apart in the competitive market.
This post is originally published on FINANCEMAGNATES.
