Capex.com, an international online trading platform, has obtained a license from the Financial Services Conduct Authority (FSCA), which grants it the right to operate in South Africa.

This is because South Africa is gradually becoming the main trading center for many brokers around the world.

Prior to the launch of Capex.com in South Africa, Infinox, an online trading company headquartered in the UK, expanded its presence in the country after a 925% surge in transaction volume across Africa in 2020.

The Cyprus based company stated that its goal is to create the best trading environment through innovative technology and specialized tools, thereby improving investors' online trading methods.

Our decision to launch in South Africa is based on certain indicators that we believe will help bring new opportunities to Capex.com from a local and regional perspective, "said Jack Edwards, the regional marketing director.

The market landscape has grown in the past few years and will see new customers transform into traders in the South African market. As a fully regulated and licensed broker, Capex.com provides customers with unique products, proprietary trading platforms, customer financial security, extensive educational resources, and world-class technology.

matters needing attention

In recent months, security experts have warned many online traders that they have been scammed out of their hard-earned cash by unregulated and illegal online trading brokers, who promise to receive generous investment returns.

Consulting firm Deloitte suggests that there may be several reasons why so many newcomers are accepting online stock investments. Deloitte stated that the pandemic has undoubtedly led to a surge in interest, as millions of people suddenly find themselves with extra cash and more time.

Capex.com said that considering the COVID-19 pandemic, research conducted by various financial brokers has found that people are more cautious about their money because they are uncertain about their own and their family's future.

It points out that the proportion of wealth distribution in South Australia is disproportionate, and financial knowledge is an indispensable aspect of effective fund management, which is also an undeniable fact.

Capex.com stated that it aims to provide principles, education, and opportunities for South Africans to make informed decisions on investment and improve investment accessibility.

The company stated that it provides the necessary professional knowledge, tools, and resources to make the market available to a global audience.

We strive to provide customers with the best technology packages, introduce the most respected third-party partners, and develop our products to better adapt to a highly dynamic and constantly changing world, "said Edwards.

Capex.com stated that it is proud of its inherent focus on customer safety and education. We firmly believe that people in the education finance market are the key to controlling their financial goals and destiny.

According to the company, the Capital Expenditure Academy provides customers with the ability to enhance their knowledge of financial markets anytime and anywhere.

In order to supplement its existing products, Capex.com offers cryptocurrency transactions through Contracts for Difference (CFD).

Customers can trade Bitcoin cash, Bitcoin spot, Ethereum dollars, Ethereum euros, Litecoin dollars, Litecoin euros, and contracts for price differences between Litecoin euros and Ripple coins.

It provides over 2100 tradable assets through price difference contracts, which it says is a beneficial tool for traders.

Capex.com plans to expand to other regions of Africa after establishing a base in South Africa.