Capital.com Applies for South African License

Forex and CFD trading platform Capital.com has applied for a license in South Africa, Finance Magnates reports. The broker has not yet officially disclosed its detailed plans for the country.

Capital.com is working to extend its operations and make its services accessible in more regions. Except for South Africa, the firm is also seeking licenses in Japan and Turkey.

Additionally, the broker is actively hiring CEOs for its operations in Brazil and Chile.

A company spokesperson told the media that Capital.com is pursuing new licenses across several markets as part of its global expansion strategy.

Capital.com holds licenses from the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), the UAE Securities and Commodities Authority (SCA), and the Securities Commission of the Bahamas (SCB).

In November, Capital.com established a new office in Bulgaria and invested €5 million to enhance its operational infrastructure.

BrokersView reminds you

Capital.com operates under licenses in the UK, Australia, Cyprus, the UAE, and the Bahamas. However, the broker has also received warnings from regulators.

On March 21, 2022, the Securities Commission (SC) of Malaysia placed Capital.com on its Investor Alert List.

On June 12, 2023, the U.S. Commodity Futures Trading Commission (CFTC) added CJSC Capital Com Bel, an entity under the Capital.com group, to its Registration Deficiency List (RED).

Local investors are advised to remain vigilant about potential risks.