Grand Capital, a forex binary options and contracts for difference (CFDs) broker, said on Thursday it has opened a office in the Republic of South Africa (RSA) in line with its strategy for active presence in the country that the broker initiated earlier in September.
“In terms of prospects, Africa is a very promising area, especially RSA. Today it is Africa’s leading economy and it’s rapidly growing. The demand for financial services is high among the population,” said Anatoly Glezeris, Grand Capital affiliate programs manager. “We expect there will be high demand for our company’s services in this country,” he added.
The new office is located in Emalahleni an works Mondays through Fridays from 0900 AM to 0600 PM local time. Clients can get consultation and advice on the services the broker provides and training in trading in forex, contracts for difference (CFDs) and binary options.
The broker has offices throughout Europe and Asia, as well as in Africa – in Ghana, Nigeria, and now in South Africa.
The broker doesnt have a license from the Financial Services board (FSB) of South Africa. However, in the past months many other forex brokers have obtained FSB licenses, aiming to take advantage of the florishing forex market there. Among these are HotForex, XTrade, ForexTime (FXTM) and AvaTrade.
Grand Capital is based and incorporated in the Seychelles and has offices across Europe and Asia. It is a member of Russia’s Center for Regulation in OTC Financial Instruments and Technologies (CRFIN), a Russian self-regulatory organization, and the Financial Commission (FinaCom), a Hong Kong-based external dispute resolution (EDR) organization.
The broker provides financial, educational and brokerage services and offers trading in forex, binary options and CFDs on stocks, gold, oil, lumber and forex instruments. It also has programs for affiliate partners.