Exness, one of the world’s largest retail brokers with a reputation for reliable and trustworthy services, is opening a new high-tech office in Cape Town.
This is a watershed moment for the global company, which entered the South African market four years ago and has enjoyed a strong response from the country’s investors.
The new offices, which are set to open on 10 November, illustrate the commitment Exness has to serving its South African customers.
Located in Cape Town’s prestigious V&A Waterfront area, the offices will provide the company with a physical presence in South Africa from which to continue offering excellent investment opportunities to discerning local investors.
Arrival in South Africa
Exness obtained its Financial Services Provider (FSP) license in 2020 and later secured its Over-the-Counter Derivative Provider (ODP) license in 2024.
These licenses underscore the company’s commitment to operating responsibly and transparently within South Africa’s regulated financial framework.
Paul Margarites, Exness Director for Sub-Saharan Africa, said at the time that this was an important milestone for the company, as it saw Africa as a key part of its strategic expansion plans.
“The opening of our larger Cape Town office marks a major step in our ongoing investment in South Africa,” said Paul Margarites, Exness Director for Sub-Saharan Africa.
“We’ve already built a strong local foundation, and this expansion reflects our confidence in the market’s potential and our commitment to being even closer to our traders and partners. We have been fortunate enough to already partner with some of the most professional traders and partners in the region, and look forward to what’s in store both for us and for those we intend to do business with,” said Margarites in 2021.
After its arrival, Exness began offering South Africans its extensive suite of products, including the ability to trade CFDs in FX currency pairs, precious metals, cryptocurrencies, commodities, indices, and stocks.
Exness also offers South Africans excellent client satisfaction and transparency, making it a great choice for new and veteran investors alike.
An example of this is that Exness was the first broker to begin publishing its financial reports and key performance indicators directly on its website.
It also provides transparent price histories with tick-level data across all instruments.
These factors have made Exness a trusted investment partner for many South Africans.
Here to stay
Exness has seen significant growth since entering the South African market in 2020, and the expansion of its physical presence in Cape Town demonstrates the company’s deepening investment in the country.
By increasing its local footprint and resources, Exness aims to strengthen its engagement with South African traders, foster greater collaboration with industry partners, and continue driving responsible growth across Sub-Saharan Africa.
