Reason for this visit

South Africa is an emerging market country. Due to the implementation of the free floating exchange rate system, the exchange rate is vulnerable to fluctuations in external factors. In the early stage of establishment, South Africa's foreign exchange market is also under strict foreign exchange control. However, with the gradual relaxation of foreign exchange control, the real economy participant uses foreign exchange space to expand, foreign exchange operation gradually flexible, and the degree of domestic and foreign financial market linkage has increased. In 2017, the total turnover of foreign exchange derivatives on the Johannesburg Stock Exchange in South Africa was 67.3 million lots, and the turnover amounted to 900 billion South African rand. At present, the Johannesburg Stock Exchange provides a total of 25 kinds of foreign exchange futures and 15 kinds of foreign exchange options products. In addition to conventional futures and options contracts, South Africa in the exchange foreign exchange derivatives design also carried out a lot of innovation, such as the development of tracking a package of exchange rate futures contracts, customizable futures contracts and cross currency pairs of dual currency foreign exchange futures and options contracts. In addition, South African forex traders are among the wealthiest people on the continent. Their rich lifestyles have influenced aspiring traders to start trading. Many people in the country are drawn to success stories, making forex trading even more popular. To help investors or practitioners have a more comprehensive understanding of the forex dealer in South Africa, the survey team went to the country for field visits.

On-site visit

This time the survey team visited the dealer Ubuntu Invest in South Africa, with the specific address at 150 Rivonia Road Morningside Sandton 2196.

Based on the above address, the survey team came to the destination of this survey. Ubuntu Invest's office is located in a commercial and residential suburb of Johannesburg, South Africa, specifically in Area E of the Johannesburg Metropolitan City. As part of the former city of Sandton, it constitutes a number of affluent residential areas as well as small and medium sized businesses, clinics, schools, hotels and shopping centers. The destination building is within an office park area, which allows the surveyors to access the interior of the building for visits.

The surveyors found the office of the dealer Ubuntu Invest. They were greeted by a marketing employee who said that they needed to schedule a meeting so that they could take photos and videos of the company. In the meantime, the employee said he would provide further information about their company during the meeting. Unfortunately, the surveyors did not get permission to take photos, but it can be confirmed that the dealer's office indeed existed there.

Conclusion

The survey team went to South Africa to visit the dealer Ubuntu Invest as planned, and the dealer's logo could be found on its publicly displayed address, indicating that the dealer has a real place of business. Unfortunately, the surveyors were not able to visit and photograph the interior of the company, so the exact scale of its operations was still unknown. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

The content is for informational purpose only, and shall not be taken as final order for making choice.