Platforms · Software · Providers · Markets
CXM Group has agreed to acquire Johannesburg-headquartered TD Markets, adding a regulated South African business to the group's footprint. The financial terms have not been disclosed.
TD Markets keeps its local setup
TD Markets will retain its brand, leadership and FSCA licence. Its South African clients will continue to use the local unit, with their accounts, funds and regulator unchanged; agreements with introducing brokers and other partners will also stay there.
Amar Ramith, CEO of TD Markets, will remain in the role. He said the company had sought a long-term partner for its clients and staff, and that its service would continue with additional backing.
New services depend on completion
After completion, CXM and TD Markets intend to offer South African clients 24/7 gold trading, TradingView connectivity, and CXM's liquidity and execution infrastructure. TD Markets' partners are also due to gain access to CXM's international partnership programme. CXM plans to put investment into the Johannesburg team and use it as a platform for growth across Africa.
Existing licences span four jurisdictions
Both businesses were founded in 2015. TD Markets serves more than 50,000 active clients across Africa and operates in South Africa under a Financial Services Provider licence. The acquisition gives CXM a locally regulated entity; its other licences are in the Seychelles, Mauritius, the UAE and Cambodia. Finance Magnates reported the agreement on 16 October 2026.
South Africa's licensing costs weigh
Other brokers have also used acquisitions or local operations to establish a South African presence. ACY Securities acquired Ingot Brokers South Africa, Mitrade bought an FSCA-regulated firm, and Exness has set up locally. The country's over-the-counter derivatives provider (ODP) licensing regime has been difficult for international brokers: high operating costs have driven some large firms out, while others have withdrawn applications before completing the process.
What this changes for operators
For operations teams, the stated continuity applies to South African accounts, funds, regulatory oversight and partner agreements. The announcement does not specify how CXM's liquidity, execution systems or TradingView connectivity will be integrated, or when the planned services will go live after completion.
Operators should clarify which entity will handle routing, reconciliation and client reporting for any new products, and whether existing partner workflows need changes. They should also confirm how 24/7 gold trading will be supported outside current operating hours, including the related monitoring and escalation arrangements. The announcement gives no detail on those implementation controls or on the acquisition's cost.
