Oct 13, 2016 - 12:45 PM
Brokers are required to be regulated in the country of incorporation as TDMarkets is. Despite popular belief, TDMarkets is in fact not a South African company. Registering with the FSB would also mean having to keep client funds in South African bank accounts and in Rands. This is simply not an option for TDMarkets as some of the bigger investors will not be comfortable with having their many Millions sitting in a country with so much uncertainty and such high levels of currency devaluation. It is simply not considered safe to keep money in a South African bank account. Only South African's don't mind having their money in the banks in SA. Personally I prefer the investment banks in Europe.