B2PRIME expands its regulatory presence by securing a Financial Services Provider licence in South Africa for enhanced market access.
B2PRIME expands its regulatory presence by securing a Financial Services Provider licence in South Africa for enhanced market access.
B2PRIME has significantly expanded its regulatory footprint with the South Africa licence, securing a Financial Services Provider (FSP) licence from the South African Financial Sector Conduct Authority (FSCA). The licence, numbered 54191, was granted to its subsidiary, B2B Prime Services Africa (Pty) Ltd., marking the company’s fourth regulatory approval.
With this new addition, South Africa joins Cyprus, Mauritius, and Seychelles in B2PRIME’s growing list of licensed jurisdictions. This further solidifies the company’s commitment to offering compliant brokerage and liquidity solutions across emerging markets. The newly acquired FSP licence allows B2B Prime Services Africa to deliver a broad spectrum of regulated financial services to local businesses.
This development is particularly beneficial for institutional and professional clients in South Africa, as it eliminates the need to rely on liquidity from distant financial centres. Instead, clients will have access to a locally compliant and efficient framework that enhances strategic growth opportunities, risk management, and execution quality.
Through the South African licence, B2PRIME will provide access to various financial instruments from Tier-1 liquidity providers. These include more than 235 instruments in Forex, Cryptocurrencies, Spot Indices, Precious Metals, Commodities, and NDFs, all available via a single margin account.
The company’s advanced connectivity solutions, such as oneZero, PXM, Centroid, FXCubic, FIX API, and cTrader, will ensure smooth integration and optimal execution efficiency for clients.
Eugenia Mykulyak, Founder and Board Member of B2PRIME, expressed her excitement about the move into South Africa, recognising the region’s growing role in global finance. She emphasized the company’s dedication to fostering strong local partnerships, increasing access to financial services, and promoting best practices. Mykulyak stated that B2PRIME aims to support sustainable growth, uphold high regulatory standards, and continue to develop the market for local brokers, hedge funds, money managers, and institutional clients.
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