“Khwezi Trade, which offers an online trading platform and manages and trades clients’ investments, is authorised and fully regulated.  This adherence to regulatory conditions, as set down by the Financial Services Board (FSB), provides investors with the assurance that they will be offered a sound, secure investment option and their funds will be correctly managed.”   

This is according to Sean Coetzee, Owner and Co-founder of Khwezi Trade, commenting in response to regulatory measures recently enforced by the FSB.  

“A person trading clients’ investments is required to be an authorised financial services provider,” BusinessDay Live recently quoted Manasse Malimabe, FSB financial advisory and intermediary services compliance head, as saying.  The FSB has advised consumers who wish to conduct financial services with an institution to check beforehand with the FSB as to whether or not the institution and its brokers are authorised.   

Khwezi Trade offers a broad range of local and global investing services through its multi-asset trading platform, and through its online partnerships.  It is a division of Khwezi Financial Services (Pty) Ltd, an RSA-domiciled, authorised financial services provider (FSP 44816).     

“In addition to being fully regulated, Khwezi Trade holds a Category One FSB License, as well as a Category Two FSB License,” Coetzee states.  

The Category One ‘Intermediary’ License is required in order to provide advice or render intermediary services on an instruction only basis, while a Category Two ‘Discretionary’ License is needed in order to offer services on a discretionary basis.  The Category Two License allows Khwezi Trade to manage client funds and make decisions on their behalf as agreed to and recorded within their discretionary mandate.  

The Category Two License allows Khwezi Trade to offer its clients a rand-based trading solution as part of its investment portfolio.  The client’s investment stays in South Africa in a secure, regulated South African bank account.  This ensures increased protection of the investment and allows clients immediate access to their funds in rands should they need them.  Local regulation by the FSB ensures the client has safeguards, as well as easy access to recourse should there be a query or complaint.   

“The Category Two License covers the full range of asset management services Khwezi Trade offers.  It enables Khwezi asset managers to tailor-make a unique portfolio to suit the individual requirements of each client,” says Coetzee.   

Segregated client funds and processes are strictly monitored and regulated under the Financial Advisory and Intermediary Services (FAIS) Act, and client accounts are audited by Khwezi Trade’s independent auditors.  Khwezi Trade is also fully FSB compliant utilising Moonstone Compliance (Pty) Ltd, an FSB authorised provider of compliance services to independent financial advisory practices and has monthly reviews with its compliance officer.  

Solid regulatory frameworks provide a measure of competency, improve market conduct and protect consumer investment.    Khwezi’s management are all experienced professional traders and have over 30 years experience in the financial services industry.  This equips them to provide professional market analyses and make informed decisions.  Through the years they have built a solid reputation and a credible track record in the industry.   

“Investors need to be circumspect when selecting a financial services provider to which to entrust their funds,” Coetzee advises.  “This is even more so now given the current environment in the financial markets.”