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 in Seychelles. The group also operates an ASIC-licensed business in Australia.
ACY Securities said that for several years it has been actively exploring acquisition opportunities in Africa, South East Asia, and Europe as part of its global expansion strategy. The successful acquisition of Ingot Brokers South Africa enables the company to extend its premium trading services and cutting-edge technology to clients in South Africa, offering them access to more than 2,200 financial instruments within a robust regulatory framework.
Jimmy Ye, CEO of ACY Securities commented,
“Securing the deal in South Africa is a pivotal step in our global expansion journey. This acquisition allows us to bring LogixTrader, our innovative trading platform, to a broader audience, enhancing the trading experience for clients in this dynamic market. Our focus on robust regulatory compliance ensures traders can operate with confidence, knowing they are protected by one of the world’s respected financial regulators.
“By continuing to build a strong brand across global markets, we are solidifying our position as a key player in the financial industry. Offering cutting-edge technology like LogixTrader, a broad range of instruments, and a focus on robust regulatory compliance are central to our mission. We are excited to deliver these benefits to traders in South Africa and look forward to fostering strong relationships in this rapidly growing market.”
ACY Securities is part of the ACYLogix group of companies which include ACY Partners, ACY Advisory, ACY Connect, ACY Live and Zerologix.
