CXM Group has agreed to acquire TD Markets (Pty) Ltd, a Johannesburg-based broker regulated by South Africa’s Financial Sector Conduct Authority (FSCA), marking the fintech company’s entry into one of Africa’s most developed financial markets. The acquisition combines TD Markets’ local brand, regulatory licence, and 50,000-plus active clients across Africa with CXM’s international trading infrastructure and global liquidity.
- Acquirer: CXM Group
- Target: TD Markets (Pty) Ltd, Johannesburg
- Regulator: South Africa’s Financial Sector Conduct Authority (FSP 49128)
- TD Markets founding: 2015
- Client base: 50,000+ active clients
TD Markets’ brand, team, and FSCA licence remain operational and unchanged. Client accounts, funds held in segregated accounts, trading platforms, and withdrawal processes will continue as normal, with no immediate action required from users. The regulatory status of South African clients remains with TD Markets under FSCA supervision. Existing agreements with introducing brokers and partners are unaffected, and any future changes will be communicated in line with FSCA requirements.
South Africa has one of the most developed financial markets on the continent and a deep culture of trading, especially in gold. TD Markets has built a strong local brand, a talented team and a loyal community of traders. We are not here to change what clients value. We are here to invest in it: in liquidity, in technology and in people on the ground in Johannesburg. Together, we will accelerate growth for traders and partners across Africa.
– Andrei Alekseev, CMO, CXM Group
Our priority throughout this process was finding the right long-term partner for our clients and our team. CXM’s execution, its depth in trading technology and its commitment to keep our brand, our people and our FSCA licence made it the right choice. Our clients will see the same TD Markets, with more behind it.
– Amar Ramith, CEO, TD Markets
Following completion, CXM and TD Markets plan to integrate CXM’s enhanced capabilities, including 24/7 gold trading and TradingView connectivity. CXM was named Best Gold Trading Broker at iFX EXPO Dubai in 2026 and has strengthened its gold trading offering this year. The companies intend to invest in the Johannesburg team as a hub for expansion across Africa. TD Markets’ leadership team, including CEO Amar Ramith, will remain in place post-acquisition. TD Markets operates MetaTrader 4 and MetaTrader 5 platforms and serves clients across Africa.
Andrei Alekseev, Chief Marketing Officer at CXM Group. Source: LinkedIn
Amar Ramith, Chief Executive Officer at TD Markets. Source: LinkedIn
