Australia based Retail FX and CFDs broker ACY Securities has announced it has successfully acquired Ingot Brokers South Africa. This strategic move marks a significant milestone for the company, as it becomes fully licensed to operate in South Africa under the regulation of the Financial Sector Conduct Authority (FSCA). The acquisition not only strengthens ACY Securities’ global presence but also facilitates the expansion of its proprietary trading platform, LogixTrader, into new markets.
The acquisition comes with an FSCA license, authorises ACY Securities to provide financial services in terms of section 8 of the Financial Advisory and Intermediary Services Act.
Ingot Brokers is an offshore broker operated (mainly) from Jordan and Cyprus, but formally domiciled…
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