Finalto is pleased to announce the addition of a number of African Pairs to
its trading platforms. The addition of the currency pairs is another important step in
Finalto’s efforts to exceed the expectations of its customers. The company opened its South
African office in 2014 and works hard to ensure it can cater to the entire African region.
The currency pairs now live on the platform are:
- BWP: Botswana Pula – BWPUSD
- GHS: New Ghana Cedi – USDGHS
- KES: Kenyan Shilling – USDKES
- UGX: Uganda Shilling – USDUGX
- ZMW: Zambian Kwacha – USDZMW
Solomon Gounden, Managing Director of
Finalto South Africa, said of the move: “Finalto is committed to the African story. Bringing
African currency pairs and other African assets to clients, differentiates us in the local
region. SA residents know and want to trade in African currency pairs, and it was important
and critical that we make this possible, so we can show our clients our commitment to the
region.” The addition of the currency pairs comes at the same time as the Finalto South
African licensed entity has been awarded an ODP licence. The ODP regulation imposes on
broker additional due diligence requirements; as trading speculative financial products is
high risk and it enforces strict capital adequacy measures. It also puts the onus on the
broker to maintain records and controls for end-of-day transaction reporting, to ensure that
CFD trading is transparent and that the ODP broker is operating responsibly. Finalto is a
FAIS and ODP Licence holder, in South Africa. The ODP licence is issued to credible
institutions to market and contract as principals in CFDs, and Finalto was proud to be among
the first institutions to meet the criteria. To find out more information about the
extensive offering from Finalto contact ZA@finalto.com Service available only to Professional clients
and varies per jurisdiction
– Trading involves significant risk of
loss
