Mitrade Broadens Its Global Impact with Fridah Asset Managers Acquisition

Mitrade Expands Its Global Reach

Mitrade, a highly praised CFD trading platform, has recently taken a significant step forward in its global strategy by acquiring Fridah Asset Managers Pty Ltd. This pivotal move grants Mitrade an essential license from South Africa's Financial Sector Conduct Authority (FSCA), marking the company's fifth regulatory license. The acquisition underscores Mitrade's intent to solidify its presence in emerging regions such as Africa, the Middle East, and Latin America.

Renamed Mitrade Markets Pty Ltd, the company aims to tap into the rising demand for financial services in these markets. According to the Q2 2025 Intelligence Report from Finance Magnates, while Asia continues to lead in CFD trading activities, the engagement from emerging regions like the Middle East, North Africa, and Latin America has been on the rise. This trend highlights a growing desire among retail investors for mobile-first trading solutions that cater to their needs.

Kevin Lai, Vice President of Mitrade, elaborated on the importance of this acquisition: "In a volatile macroeconomic climate, building resilient infrastructure across licensed jurisdictions is how we scale sustainably. This acquisition forms part of a broader strategy to promote inclusivity by expanding access to credible, regulated brokers across regions like LATAM and MENA, and to provide traders with intuitive trading experiences that meet them wherever they are."

Mitrade's strategy for expansion has already seen its licensing footprint broadened, which includes approvals from prominent regulatory bodies like ASIC in Australia, CIMA in the Cayman Islands, FSC in Mauritius, and CySEC in Cyprus. The FSCA license obtained through Fridah Asset Managers Pty Ltd further enhances Mitrade’s capabilities by enabling it to offer consistent access to over 800 financial instruments, such as forex, indices, commodities, ETFs, and shares.

This significant acquisition demonstrates Mitrade's commitment to democratizing access in the financial market. They connect over 5 million traders to over-the-counter (OTC) derivatives, ensuring that users can benefit from fast trade execution, competitive spreads, and a user-friendly interface across various devices. The integration of Fridah Asset Managers is poised to amplify these offerings, particularly in the targeted emerging markets.

Mitrade’s commitment to innovation and adapting its services to meet the demands of the retail investor has positioned the company for sustainable growth in a competitive landscape. The focus on mobile trading reflects a broader shift to digital platforms, making trading more accessible and logistics-friendly for modern traders. As Mitrade continues to explore opportunities within diverse markets, it is expected to play a pivotal role in shaping the future of CFD trading in regions that are rapidly evolving into critical financial hubs.

Conclusion

Mitrade's acquisition of Fridah Asset Managers marks an exciting chapter in its journey, providing both an opportunity and a challenge as it navigates new markets. The potential for growth in the MENA and LATAM regions is immense, and with strategies aimed at inclusivity and accessibility, Mitrade is well-positioned to capitalize on these emerging trends. As the trading landscape continues to evolve, Mitrade's advancements will undoubtedly influence how future traders engage with the market.