Abstract：Mitrade, a global online forex broker based in Australia, has officially expanded its regulatory footprint by acquiring Fridah Asset Manager Pty Ltd, a licensed Financial Service Provider (FSP) regulated by the Financial Sector Conduct Authority (FSCA) of South Africa.
Mitrade, a global online forex and CFDs broker based in Australia, has officially expanded its regulatory footprint by acquiring Fridah Asset Manager Pty Ltd, a licensed Financial Service Provider (FSP) regulated by the Financial Sector Conduct Authority (FSCA) of South Africa.
This acquisition, which will see the company rebranded as Mitrade Markets Pty Ltd, marks a major step in Mitrade‘s South Africa expansion and grants the broker its fifth regulatory license worldwide. The move further solidifies Mitrade’s ambition to strengthen its presence in Africa, the Middle East, and Latin America — key regions for the brokers ongoing global growth strategy.
Mitrade Expands into South Africa with FSCA License
By obtaining an FSCA license through the acquisition of Fridah Asset Managers, Mitrade can now legally offer trading services to South African traders under local supervision. The FSCA authorization is one of the most respected regulatory approvals in Africa, adding credibility to Mitrades operations and ensuring it adheres to strict transparency and investor protection standards.
This milestone allows Mitrade to better cater to the rapidly growing South African forex market, offering traders access to secure, regulated, and localized trading conditions.
Global Expansion Strategy Backed by Multiple Licenses
The Mitrade FSCA license joins the brokers expanding list of regulatory approvals, which include:
- Australia Securities & Investments Commission (ASIC) – Market Making license no. 398528
- Cyprus Securities and Exchange Commission (CySEC) – Market Making license no. 438/23
- Financial Sector Conduct Authority (FSCA), South Africa – via the Fridah Asset Manager acquisition
The addition of an FSCA-regulated entity underscores Mitrades focus on sustainable global expansion through compliance rather than offshore registration. This strengthens its credibility and positions it as a trusted international broker among retail traders.
Mitrades Growing Global Presence
The acquisition in South Africa follows Mitrade‘s recent partnership as a regional CFD sponsor of the Argentine Football Association (AFA), which boosted the brand’s visibility in Latin America. Together, these moves reflect Mitrades long-term vision to expand its regulated presence in key emerging markets while enhancing its global reputation as a secure and transparent broker.
About Mitrade
Founded in Australia, Mitrade offers a proprietary trading platform designed for speed, simplicity, and flexibility. The platform provides access to a broad selection of financial instruments, including:
- Forex pairs
- Indices
- Shares
- Commodities
- ETFs
Traders benefit from competitive spreads starting at 0.0 pips, fast execution, and advanced charting tools suitable for different trading strategies.
Mitrade supports both demo and live accounts, along with Islamic (swap-free) trading options for Muslim traders. Clients can access 24/5 customer support via live chat, email, and contact form — ensuring fast and reliable assistance across regions.
Why the FSCA License Matters for Mitrade
The FSCA (Financial Sector Conduct Authority) is the primary regulatory body overseeing financial markets in South Africa. Its licensing standards focus on consumer protection, operational transparency, and compliance with local financial laws.
By obtaining this license, Mitrade South Africa can:
- Provide legally regulated forex and CFD trading to South African clients
- Offer localized payment methods and services
- Build greater trust with retail traders in the region
This strategic move enhances Mitrades legitimacy and positions it competitively against other brokers already licensed by the FSCA.
Conclusion
The acquisition of Fridah Asset Managers and the resulting Mitrade FSCA license represent a significant leap forward in the brokers global expansion. With regulated entities now in Australia, Cyprus, and South Africa, Mitrade continues to demonstrate its commitment to responsible growth, investor safety, and market transparency.
As the broker strengthens its footprint across Africa, the Middle East, and Latin America, traders can expect more localized support, secure trading environments, and access to world-class trading tools under Mitrades trusted brand.
