Vantage Markets, a global multi-asset broker, has obtained a derivatives license issued by the Financial Sector Conduct Authority (FSCA) in South Africa.

The new license marks a significant milestone for the company, to develop a more powerful presence in Africa, demonstrating its commitment to providing high-quality financial services to clients on the subcontinent, while remaining in compliance with the regulatory requirements set by the FSCA.

"We are thrilled to receive our FSCA license," said Marc Despallieres, Chief Strategy & Trading Officer, Vantage Markets.

"We have had our sights on South Africa for some time, and we were determined to be able to provide traders with exceptional financial services and products while operating in compliance with the highest regulatory standards,” he said.

Vantage’s growing focus on South Africa was marked by the promotion of Ted Odigie to Head of Sales for Africa in November.

Odigie joined Vantage in August 2021, with over 17 years of experience in the financial services sector, and a key focus on business development and client management.

"Our clients' satisfaction and trust are our top priorities," said Odigie. "With this license, our clients will know we are a reputable and trustworthy global broker - committed to protecting their interests and providing the best-in-class trading services."

Vantage Markets is a multi-asset broker headquartered in Sydney with over 10 years of market experience.

Operating in 172 countries, Vantage Markets has more than 1,000 employees in over 30 offices globally.