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Last week XTrade has become the third forex and CFDs trading brokerage to receive a license to operate in South Africa. The interest of retail brokerages in this market has been growing in recent years as the companies are seeing vast possibilities associated with the growing population in the country.
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Earlier this year, Cyprus based HotForex and FXTM acquired licenses to operate in South Africa and have already started to onboard clients from the country.
Speaking to Finance Magnates, the company’s Chief Operating Officer Mark Leigh shared ... (read more)