Capital. com Enters South Africa with Dual Local Licences; Ex-IG Exec to Head Operations
Capital. com has officially entered South Africa by obtaining two local licences: an Over-the-Counter Derivatives Provider (ODP) licence and a Category 1 Financial Services Provider (FSP) authorisat. . .
2026-06-23T09:26:35. 968+02:00Tuesday,23/06/2026|07:26GMTbyArnab ShomeThe broker obtained an ODP licence along with a Category 1 FSP authorisation. It has appointed Travis Robson as the CEO of its South African operations. Viktor Prokopenya, Owner of Capital. com (Photo: Wikimedia)Capital. com has officially entered South Africa by obtaining two local licences: an Over-the-Counter Derivatives Provider (ODP) licence and a Category 1 Financial Services Provider (FSP) authorisation. Finance Magnates earlier reported that the broker hadapplied for a South African licence. The ODP licence allows the broker to operate as a market maker, while the lower-tier FSP licence is for marketing and promotional activities. Capital. com’s Aggressive Expansion PushThis is also part of the broker’s global expansion push. It has applied for regulatory licences in Japan and Turkey, while hiring local CEOs in Brazil and Chile, signalling expansion into those countries. It also appears to be establishinglocal presences in Bahrain and Azerbaijan. Although Capital. com has not publicly revealed its global expansion plans, job postings show that it is also looking to secure a licence in Singapore. Travis Robson as CEO of Capital. com South Africa (Photo: LinkedIn)South Africa is its second location in continental Africa, as the broker recently received a local licence in Kenya. In addition to these countries, the brokerage giant is regulated in the UK, Cyprus, Australia, the Bahamas, and the UAE. An Experienced Local CEO to Head OperationsTo steer its South African operations, Capital. com has also appointed Travis Robson as its local CEO. Robson, who appears to have joined the broker last year, previously oversaw Trive’s operations as CEO for Africa and the Middle East. His most notable experience, however, comes from his long tenure at IG, where he left as the CEO of its UAE operations. “Our role is to ensure clients engage with markets within a framework that is governed, supervised, and designed to prioritise clarity around risk,” Robson said. Although Capital. com stressed that it plans to onboard South African clients locally, it did not provide a timeline. Interestingly, IG Group wrapped up its operations in South Africa last year and eventuallyclosed its local presence. Capital. com has officially entered South Africa by obtaining two local licences: an Over-the-Counter Derivatives Provider (ODP) licence and a Category 1 Financial Services Provider (FSP) authorisation. Finance Magnates earlier reported that the broker hadapplied for a South African licence. The ODP licence allows the broker to operate as a market maker, while the lower-tier FSP licence is for marketing and promotional activities. Capital. com’s Aggressive Expansion PushThis is also part of the broker’s global expansion push. It has applied for regulatory licences in Japan and Turkey, while hiring local CEOs in Brazil and Chile, signalling expansion into those countries. It also appears to be establishinglocal presences in Bahrain and Azerbaijan. Although Capital. com has not publicly revealed its global expansion plans, job postings show that it is also looking to secure a licence in Singapore. Travis Robson as CEO of Capital. com South Africa (Photo: LinkedIn)South Africa is its second location in continental Africa, as the broker recently received a local licence in Kenya. In addition to these countries, the brokerage giant is regulated in the UK, Cyprus, Australia, the Bahamas, and the UAE. An Experienced Local CEO to Head OperationsTo steer its South African operations, Capital. com has also appointed Travis Robson as its local CEO. Robson, who appears to have joined the broker last year, previously oversaw Trive’s operations as CEO for Africa and the Middle East. His most notable experience, however, comes from his long tenure at IG, where he left as the CEO of its UAE operations. “Our role is to ensure clients engage with markets within a framework that is governed, supervised, and designed to prioritise clarity around risk,” Robson said. Although Capital. com stressed that it plans to onboard South African clients locally, it did not provide a timeline. Interestingly, IG Group wrapped up its operations in South Africa last year and eventuallyclosed its local presence. TopicsAbout the Author:7376 Articles138 FollowersArnab Shome is an electronics engineer-turned-financial editor. He holds a Bachelor of Technology from the National Institute of Technology, Agartala. He entered the retail trading industry about a decade ago, covering the cryptocurrency market for Finance Magnates, and later expanded his coverage to include forex and CFDs as well. His work at Finance Magnates includes C-level interviews, data-driven analysis, opinion pieces, and scoops of industry exclusives. He also contributes to Finance Magnates’ quarterly industry report. Area of coverage: 1. CFD broker-related news 2. Industry-related Regulatory updates and developments 3. New retail trading trends 4. Prop trading industry updates 5. 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