South Africa Financial Service Provider (FSP) Forex License

Category I:

A Category I FSP renders financial services other than Discretionary FSP, Hedge Funds FSP, Administrative FSP (Insurance Contracts or Policies) and Assistance Business FSP.

Category Description Advice AutomatedAdvice Non-automatedIntermediary Scripted Intermediary Other
CATEGORY 1    
Shares   x
Money market instruments   x
Debentures and securitised debt   x
Warrants, certificates and other instruments   x
Bonds   x
Derivative instruments    x
Participatory interests in a collective investment scheme   x

Permissions:

  1. Trading in foreign exchange.
  2. Trading in financial and commodity-based derivative instruments and other securities (eg. Futures, options, interest rates, foreign exchange instruments, shares, stock, contracts for differences etc.).
  3. Brokerage, consultancy or advisory services in any of the above services.

 

Details of this transaction:

  • Company set up in 2016.
  • Active but non-operational, no employees, no assets.
  • Bank account in ZAR, USD and EUR, Desfran can also assist with more bank account applications.
  • No unresolved legal issues, clean record.
  • Base on this company license you can create a multiple forex brands to use in multiple markets.
  • In terms of capital, the FSP shall maintain current assets which are at least sufficient to meet current liabilities
  • Accounting requirements – annual submitting of audited financial statements
  • Local office – not required
  • Registered office – required

 

*Proof of funds required as well as KYC of potential entity or beneficial owner interested in purchasing this firm.

 

 

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