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XM applies for South African forex license with FSB
Our team learned that award-winning FX and CFDs brokerage XM has applied for a license in South Africa. The company has submitted the documents required with the local regulator, the Financial Services Board (FSB), on August 29. Lately South Africa has become a very popular forex and binary options hub. Earlier in August another leading Cypriot broker, FXTM, acquired a license from FSB. In September, forex and binary options broker Grand Capital opened an office in the Republic of South Africa (RSA). Since the beginning of the year, the South African regulator, the Financial Services Board, has also granted licenses ... (full story)