CXM to expand into South Africa with TD Markets acquisition

Хабарҳои CXM

16/10/2026

We’re pleased to announce that CXM Group has agreed to acquire TD Markets (Pty) Ltd, a Johannesburg-headquartered broker authorised by South Africa’s Financial Sector Conduct Authority (FSCA) as a Financial Services Provider (FSP 49128). Financial terms were not disclosed.

This strategic acquisition brings together two businesses with complementary strengths. Founded in 2015, TD Markets is one of South Africa’s leading locally headquartered brokers, serving more than 50,000 active clients across Africa. TD Markets brings its FSCA licence, local brand, client community and partner network. CXM brings its international scale and trading infrastructure. Together, we share one goal: accelerating growth across Africa.

The acquisition gives CXM a regulated home in South Africa. TD Markets’ clients gain access to our global liquidity and trading technology, and its partners gain access to the CXM international partnership programme.

What this means for TD Markets clients and partners

TD Markets’ brand, team and FSCA licence remain in place, and client accounts, funds and trading platforms are unaffected.

South African clients remain with TD Markets (Pty) Ltd, regulated by the FSCA. Their account, funds and regulator do not change.
Client funds remain held in segregated accounts.
Platforms, logins, account types and withdrawal processes continue as today. Clients do not need to take any action.
Existing agreements with introducing brokers and partners remain in place with TD Markets.
Any future change will be communicated in advance, in line with FSCA requirements.

TD Markets clients and partners can find full details and answers to common questions at tdmarkets.com/cxm.

Joining forces

“South Africa has one of the most developed financial markets on the continent and a deep culture of trading, especially in gold,” said Andrei Alekseev, CMO at CXM Group. “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.”

Amar Ramith, CEO of TD Markets, said: “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.”

Accelerating growth across Africa

In 2026, CXM was named Best Gold Trading Broker at iFX EXPO Dubai. This year we also launched 24/7 gold trading and connected our trading accounts to TradingView. Following completion, CXM and TD Markets plan to bring these capabilities to South African clients, together with CXM’s liquidity and execution infrastructure.

We plan to invest in the Johannesburg team as the base for accelerating growth and further expansion across Africa. TD Markets’ leadership team will remain in place, and Amar Ramith will continue as CEO.

About TD Markets

TD Markets (Pty) Ltd is a Financial Services Provider authorised by the Financial Sector Conduct Authority of South Africa (FSP 49128), headquartered in Sandton, Johannesburg. It offers multi-asset trading on MetaTrader 4 and MetaTrader 5 to clients across Africa.