AAAFx is the Champagne Sponsor of FMAS:23.
After making a remarkable appearance at iFX EXPO Dubai early this year, Finvasia Group’s Forex and CFD brokerage AAAFx revs up for the next big event of 2023- the Finance Magnates Africa Summit (FMAS:23) in Johannesburg. Between 8 and 10 May, the team will be at booth 58, set up at Sandton Convention Centre, Ballroom 1.
AAAFx is also the Champagne Sponsor of the Africa Summit. Set to be one of the largest financial industry events held in the region, FMAS:23 will bring together thousands of international and local industry leaders, compliance professionals, affiliates, brokers and technology providers. The event presents the perfect opportunity for the company to interact with thought leaders in the region and establish an active presence in South Africa.
“It is a privilege to catch up with existing partners in South Africa and make new ones, exchange and share ideas with like-minded industry leaders present at the event. As an FSCA-regulated brokerage, our goal is to be one of the leading financial service providers in the region. The Finance Magnates Africa Summit offers us a great opportunity to raise brand awareness and scale up,” AAAFx CEO Panagiotis Tanampasidis said.
AAAFx has been planning to explore the South African market for some time. Receiving its license from the Financial Sector Conduct Authority (FSCA) of South Africa, the broker has the authority and full regulatory authorisation to expand in the region.
South Africa has witnessed a spike in interest for investments and investment products, especially on the digital asset front in recent years. In 2019, the country’s daily trading volume rose above $2.21 billion.
Digital investments are one of the liveliest sectors in South Africa, according to Statista. Moreover, the nation’s total estimated transaction value is expected to rise at an annual rate (CAGR) of 19% in the next four years.
In this context, AAAFx’s move into South Africa’s fintech space is a strategic step forward, allowing the financial firm to grow organically in the African area.
“We’ve been looking forward to an opportunity like this for quite some time. Attending and sponsoring the Finance Magnates Africa Summit is a great way to showcase our brand and value proposition in front of distinguished industry leaders in Africa and beyond,” Head of Business Development, AAAFx Global, Somesh Kapuria said.
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