Exclusive FNG… FNG has learned that Offshore Retail FX and CFDs broker OnEquity has added a South African FSCA license for its OnEquity (Pty) Ltd subsidiary. To date, OnEquity operates through OnEquity Ltd based in the Seychelles.
The company has also hired former IronFX executive Enver Snyders as Country Manager for South Africa.
OneEquity, which is primarily managed from Cyprus, was founded in 2022 by Executive Chairman Nikos Michaelidis and CEO Emanuel Fernandes. Nikos Michaelidis previously worked at Alpari as Partnerships Manager, but also at easyMarkets. Most recently he runs a company called OfficeSteps out of Cyprus that provides flexible workspaces in Limassol. Emanuel Fernandes previously worked at XB Prime, 4xc.com, OneRoyal and AFX Group.