South Africa forex trading is regulated by Financial Services Board of South Africa. Financial Services Board issued good regulation which can be used as a ticket to marketing to all of Africa as well as solving regulatory issues.
The regulations are justifiable and reasonable. You need to be clear on your business focus areas and operations and can chose the kind of licenses you need. Getting Forex License from South Africa opens that gateway to whole of African market opportunities.
One of the drawback of applying Forex License from South Africa is that it may take upto 1 year to get the license while in other countries, this timeline is as low as few weeks.
South Africa forex trading is growing fast related with success stories like South Africa forex millionaire Sandile Shezi. Before FSB issued forex regulation, investors were depositing to offshore forex companies and market was managed by forex dealers in South Africa. After forex allowance, some UK forex licensed companies got South Africa forex license and launched their payment solutions as local broker. Sandile Shezi is pioneering investors nowadays by his global forex institute South Africa and South African forex brokers is leading all African forex industry.
If you plan to make business on Africa, MT4 White Label recommends FSB license instead of Belize forex license or Seychelles forex license and assists you receving South Africa forex license.