Mitrade Secures FSCA License to Offer FX and CFD Trading in South Africa

Mitrade, an award-winning CFD trading platform, has expanded its regulatory footprint through the acquisition of Fridah Asset Managers Pty Ltd, a licensed Financial Services Provider (FSP) regulated by South Africa’s Financial Sector Conduct Authority (FSCA). The firm will be renamed Mitrade Markets Pty Ltd, marking the broker’s fifth global license and reinforcing its strategic growth across Africa, the Middle East, and Latin America.

The acquisition adds another key jurisdiction to Mitrade’s portfolio, complementing existing licenses from ASIC (Australia), CIMA (Cayman Islands), FSC (Mauritius), and CySEC (Cyprus). With this addition, Mitrade aims to create a truly global infrastructure for regulated access, allowing traders to connect securely to more than 800 financial instruments — including forex, indices, commodities, ETFs, and shares — through a single platform.

“In a volatile macroeconomic climate, building resilient infrastructure across licensed jurisdictions is how we scale sustainably,” said Kevin Lai, Vice President of Mitrade. “This acquisition forms part of a broader strategy to promote inclusivity by expanding access to credible, regulated brokers across regions like LATAM and MENA, and to provide traders with that meet them wherever they are.”

Takeaway

Why Emerging Markets Are Key To Mitrade’s Growth Strategy

According to the Finance Magnates Q2 2025 Intelligence Report, CFD trading participation in emerging markets such as MENA and LATAM has risen sharply, signaling a new wave of . While Asia remains dominant, regional growth in mobile-first trading is driving demand for trusted, regulated brokers with accessible platforms and transparent operations.

Mitrade’s expansion into South Africa provides a springboard into Africa’s developing financial landscape, positioning the firm to meet local regulatory requirements while scaling its presence in neighboring markets. The FSCA’s stringent oversight adds credibility and operational assurance — key factors in attracting retail traders viewking compliant platforms with robust investor protections.

For Mitrade, this acquisition aligns with a broader mission to democratize . By integrating a South African license into its global framework, the company not only enhances regional access but also reinforces its reputation for regulatory integrity and cross-border service reliability.

Takeaway

Expanding Trust And Access In Regulated Online Trading

Founded in 2011, Mitrade has grown into a global fintech and brokerage brand connecting over five million traders to diverse financial instruments. Its multi-device platform is known for speed, competitive spreads, and user-friendly functionality that supports both beginners and professionals. By securing regulatory recognition in multiple jurisdictions, the company positions itself as a trusted gateway to over-the-counter (OTC) derivatives worldwide.

With the FSCA license, Mitrade gains deeper integration into Africa’s capital markets ecosystem. The license allows the company to , offer transparent execution, and extend educational initiatives in line with local compliance frameworks. Combined with its other global licenses, this move strengthens Mitrade’s foundation for sustainable, compliant expansion in an increasingly regulated global landscape.

As more regions tighten financial oversight and promote , Mitrade’s multi-license approach reflects an industry trend toward regulatory diversification — one that balances innovation with trust. Its strategic acquisitions across continents reinforce that compliance and growth are not mutually exclusive but mutually reinforcing pillars of long-term success.

Takeaway