B2PRIME Group Gets a Financial Services Provider License From The FSCA in South Africa

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Published: Jan 23, 2025, 07:32 GMT+00:00

The FSCA is a renowned authority in the financial world, known for its stringent regulatory standards.

B2PRIME Expands to South Africa. FX Empire

B2PRIME Group, a renowned global multi-asset Prime of Prime liquidity provider, has recently secured a new operational license in South Africa through its subsidiary, B2B Prime Services Africa (Pty) Ltd.

The company was given the green light from the South African Financial Sector Conduct Authority (FSCA) after obtaining a Financial Services Provider (FSP) license (No. 54191) – The license can be verified here.

This marks B2PRIME Group’s fourth expansion to a new market after getting licenses in Cyprus, Mauritius, and Seychelles.

This significant step broadens the regulatory footprint of the B2PRIME Group, strengthening its presence in various regions and proving its commitment to delivering high-quality, fully regulated brokerage and liquidity solutions in emerging markets.

Full Compliance for High Operational Integrity

The FSCA is a renowned authority in the financial world, known for its stringent regulatory standards. It is tasked with ensuring that licensed firms in South Africa meet strong criteria regarding client protection, governance, and operational integrity.

By acquiring the FSP license, B2PRIME Group shows its ongoing commitment to transparency, professionalism, and compliance with local and global standards, ultimately enhancing trust among partners, clients, and investors.

The new license empowers B2B Prime Services Africa (Pty) Ltd to directly offer its suite of regulated financial services to local firms without the need to seek liquidity from distant financial providers.

Institutional and professional clients can now access reliable liquidity while staying fully compliant with global regulations, supporting strategic growth, efficient risk management, and superior execution quality.

Clients in South Africa will access deep liquidity sources and pools provided by top-tier institutions. This coverage includes 235+ instruments across multiple asset classes, such as Forex, cryptos, spot indices, precious metals, commodities, and NDFs, through a single margin account.

With sophisticated connectivity technologies that include OneZero, PXM, Centroid, FXCubic, FIX API, and cTrader, B2PRIME Group ensures seamless integration and unmatched execution capabilities.

“Seeing Africa’s increasing importance in global finance, B2PRIME Group’s move into South Africa shows our dedication to building strong local partnerships, making financial services more accessible, and promoting best practices. We’re excited to connect local players to global markets and offer innovative solutions.

Our goal is to support sustainable growth, uphold the highest regulatory standards, and continuously develop the market throughout the region, benefiting local brokers, hedge funds, money managers, institutional clients, and liquidity providers.

Eugenia Mykulyak, Founder and Board Member of B2PRIME

Sticking to The Expansion Roadmap

Getting a Financial Services Provider license is a crucial regulatory step in B2PRIME’s roadmap, offering a strong foundation for its subsidiary, B2B Prime Services Africa (Pty) Ltd’s long-term success.

Backed by B2PRIME Group’s global recognition, cutting-edge infrastructure, and deep local market insights, the company is equipped with all means necessary to deliver outstanding, transparent, and reliable services—empowering clients to confidently navigate market dynamics.

This achievement is part of B2PRIME Group’s broader strategy to extend its reach and reinforce its reputation as a globally trusted liquidity provider. Since its founding in Cyprus in 2020, B2PRIME has consistently expanded its capabilities and services by licensing in Mauritius in 2023 and Seychelles in 2024, meeting evolving needs and setting new standards in global financial markets.

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