#None #Mitrade #Fridah Asset Managers #FSCA

Mitrade Expands Its Global Footprint with Acquisition of Fridah Asset Managers

Mitrade, a leading platform recognized for its excellence in CFD trading, has announced the acquisition of Fridah Asset Managers Pty Ltd, a licensed Financial Services Provider regulated by the South African Financial Sector Conduct Authority (FSCA). This strategic move marks yet another significant step in Mitrade's ongoing global expansion strategy, particularly targeting emerging markets in Africa, the Middle East, and Latin America.

The acquisition of Fridah Asset Managers, which will be rebranded as Mitrade Markets Pty Ltd, represents the fifth regulatory license in Mitrade's portfolio. According to the Finance Magnates' Q2 2025 Intelligence Report, Asia continues to lead global CFD trading activities, with increasing participation from developing regions like MENA and LATAM. This shift reflects a growing interest in retail trade participation and mobile-first trading access within these burgeoning markets.

Kevin Lai, Vice President of Mitrade, stated, "In a volatile macroeconomic landscape, establishing a flexible infrastructure within licensed jurisdictions is crucial for sustainable growth. This acquisition is part of a broader strategy to promote inclusivity by expanding access to regulated and trustworthy brokers in regions like LATAM and MENA, ultimately providing investors with intuitive trading experiences tailored to their needs."

Mitrade is already well-versed in compliance and regulation, holding licenses from ASIC in Australia, CIMA in the Cayman Islands, FSC in Mauritius, and CySEC in Cyprus. The addition of the FSCA license will further bolster Mitrade's capabilities, providing consistent access to over 800 financial instruments, including forex, indices, commodities, ETFs, and stocks.

About Mitrade

Mitrade, a globally recognized CFD trading platform, is licensed by CIMA (SIB1612446) in the Cayman Islands, FSC (GB20025791) in Mauritius, ASIC (AFSL398528) in Australia, and has obtained a CySEC license (CIF438/23). The platform democratizes market access for over 5 million investors, connecting them to OTC derivatives encompassing indices, forex, commodities, ETFs, equities, and beyond.

Designed to facilitate swift trade execution, Mitrade offers competitive spreads and a user-friendly interface accessible from multiple devices.

Risk Warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This article is for informational purposes only and does not constitute financial advice, an offer, or a solicitation. For more information, visit Mitrade.com.