Online broker Infinox Capital to expand in Africa after launching in Nigeria

February 2, 2021 at 05:14 PM

Infinox Capital, a global online brokerage, has announced plans to launch an African hub in South Africa and expand into key economic African countries, namely Namibia, Botswana, Mozambique, Tanzania and Ghana. This follows its recent launch of operations in Nigeria.

According to Jay Mawji, Managing Director of Infinox Capital, the decision is attributed to the fact that the continent has a high youth population makeup combined with the improvements made through the implementation of technologies and the accessibility thereof.

“For any financial institution, Africa is the place to be. There is a strong drive to bridge the knowledge and accessibility gaps between bankers in major global financial hubs and the everyday person on their mobile device,” he said.

He said that Africa, being home to as many as 1,3-million traders, according to insights provided by ForexBrokers.co.za, Infinox Capital believes that as technological accessibility increases, the boost in the economic standpoint of the country will result in a growth in the middle class population with additional disposable income.

“This is driven by the country’s technological accessibility, having the appropriate infrastructure in place, and the right skillset of the people utilising the various platform solutions.”

Jay Mawji – Managing Director, Infinox Capital

“This, we believe, will most certainly mean a surge in popularity as many realise the potential of expanding their exposure to financial markets through the investment in CFD and associated trading commodities,” he added.

“We have observed that the African markets we are expanding into are already seeing a significant increase in potential investors showing an interest in trading stocks and other products by downloading various industry-related apps, and being more financially-savvy,”

“This is driven by the country’s technological accessibility, having the appropriate infrastructure in place, and the right skillset of the people utilising the various platform solutions.”

Mawji added that the expansion into key African markets allows for job creation, their commitment of being a real organisation run by real people with on-the-ground presence lends to their principle of employee retention and growth.

“Our intention as an employer is to positively impact the lives of our employees across all regions by seeing them succeed and change their lives for the better.”

As the infrastructure to connect continues its reach throughout the continent, Mawji says that further expansion into other markets in Africa is quite possible with the launch of INFINOX Capital’s recently released trading app.

“We have launched our app to make trading even more accessible in regions across Africa. Comparable to Instagram for trading, it provides clients with the interactive functionality to social trade, see what other traders are doing, and follow and engage with them.”

Mawji concluded by saying that it’s great to have an online presence and an app, the process still involves client’s money meaning that many may be apprehensive to invest and transact with a faceless organisation.

“Infinox Capital, while a large firm, acts as a small organisation, and it is for this reason that the interactive experience with local representation is important, adding a sense of trust, comfort, personal touch and support for clients,” he said.

About Infinox Capital

INFINOX is a globally recognised FX & CFD broker, regulated since 2009. We have a presence in over 15 countries, providing competitive trading conditions and premium client service worldwide. 

Leave a Reply

Your email address will not be published. Required fields are marked *

* code