Admirals secures license to operate in South Africa

Boriss Gubadulin Admirals Africa Director

Sergei Bogatenkov Admirals CEO

Admirals HQ rooftop Tallinn

Global fintech company enters new emerging market with Cape Town office as hub for African expansion and growth.

Global fintech company Admirals announced its entry into the South African online trading market, having obtained the FSCA licensing and formal registration as an Authorised Financial Services Provider (FSP51311).

In line with its Category 1 FAIS (Financial Advisory and Intermediary Services) licence, Admirals SA (Pty) Ltd is now able to offer tradable Contracts for Differences (CFDs), which includes cryptocurrencies and forex trading across a range of superior online trading products.

With this move into South Africa, trading clients have immediate entry to global markets, with complete access to its suite of tools, exclusive trading courses and educational content.

Moreover, local trading clients will benefit from Admirals’ trading analytics, global market updates and calendar of global economic events that are likely to affect underlying economies and generate price movements.

Since its establishment in 2001, the Admirals Group has evolved from a small Estonian-based forex and CFD brokerage company into a leading online financial hub with a global presence, offering opportunities to trade and invest in a vast selection of markets, including stocks and ETFs, forex pairs, CFDs on indices, commodities, and bonds, as well as cryptocurrencies.
The company is fast cementing its position as a global fintech player that empowers both novice and experienced trading clients to make better-informed investment decisions. Admirals is now regulated in seven jurisdictions worldwide, supporting over 200,000 clients in over 180 countries. Its competitive advantages directly relate to its global presence, flexible trading accounts, education and analytics, security and software, innovative approach, and local support.

Admirals’ CEO, Sergei Bogatenkov, commented on the new milestone by stating, “The establishment of our presence in this emerging market and developing economy supports our current expansion strategy. It is an exciting and giant step towards strengthening the Admirals brand as a top international financial trading hub”.

Boriss Gubaidulin, Admirals Group director for the African region, says “We are ready to introduce Admirals’ superior trading experience to South African online traders and investors. We look forward to providing access and support on our vast range of products that are tradable on the MetaTrader4 and MetaTrarde5 trading platforms. We hope to extend our scope of traditional trading and investing services as we look to expand our offering to include more diverse financial products and services to boost financial inclusion and financial literacy, particularly in developing economies on the African continent”.

As with its global counterparts, Admirals SA provides traders with educational resources and courses created by professional traders to empower clients to make informed decisions, with access to an extensive financial literacy library at any time.

The Admirals SA office is based in Dock Road junction at the V&A Waterfront in Cape Town and will be extending its employee workforce across the major centers in South Africa.