PrimeXBT becomes an FSCA-regulated Crypto Broker in South Africa

News24

2 days ago

PrimeXBT, a leading multi-asset broker, has expanded its FSCA licence to include Crypto Asset services in South Africa. With this development, PrimeXBT strengthens its position as an industry-leading global broker offering both crypto and traditional financial instruments under a regulated framework in the country. This milestone marks a meaningful step toward safer, more accessible crypto trading in South Africa and across the broader region.
South African traders now have access to a unified trading environment that combines crypto and traditional markets in one place. Clients can deposit and withdraw in BTC, ETH, USDT, USDC, and USD, open fiat and crypto-denominated accounts on MT5, PXTrader, and Crypto Futures, use crypto as margin, and settle trades directly in their chosen digital asset. They can also exchange stablecoins with USD or from crypto to crypto using the built-in exchanger. In addition to crypto trading, PrimeXBT offers access to Forex, Stock, Commodity, Crypto and Index CFDs, all available through leading platforms such as MT5. Clients can choose to fund their accounts using crypto, USD, or local currency, with multiple convenient regional payment methods supported. With a secure, locally tailored setup, PrimeXBT is built to support both new and experienced traders.
'By expanding our FSCA-regulated offering to include crypto asset services, we're reinforcing our commitment to delivering an all-in-one trading experience that prioritises trust, access, and innovation,' said Sihle Tuta, Head of Region at PrimeXBT South Africa. 'Our goal is to lead the way in regulated crypto adoption across Africa, setting a new standard for what modern brokers should deliver. Financial growth starts with trust, and our mission is not just to help people trade, but to help them grow. That means offering knowledge-building opportunities, trader flexibility, and a secure infrastructure that adapts to the needs of real traders.'
Alongside its expanding product offering, PrimeXBT continues to invest in regional development through educational seminars and free online learning resources. From first-time investors to professionals, PrimeXBT remains committed to helping every client trade and grow with confidence. The company also remains focused on supporting local communities as part of its corporate social responsibility (CSR) efforts across South Africa and beyond.
This addition to PrimeXBT's regulated operations further strengthens its reputation as a compliant and forward-thinking broker. As demand for regulated crypto access grows, PrimeXBT remains committed to empowering traders to do more with their crypto and explore new opportunities, all within a secure, flexible and innovative trading environment.
Start trading with PrimeXBT South Africa.
Disclaimer: The content provided here is for informational purposes only and is not intended as personal investment advice and does not constitute a solicitation or invitation to engage in any financial transactions, investments, or related activities. Past performance is not a reliable indicator of future results. The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money. The Company does not accept clients from the Restricted Jurisdictions as indicated on its website.
PrimeXBT (PTY) LTD is an authorised financial services provider in South Africa with licence number 45697. PrimeXBT (PTY) LTD acts as an intermediary between the investor and the market maker which is the counterparty to the products purchased through PrimeXBT.