CXM Group announces strategic acquisition of TD Markets, joining forces to accelerate growth across Africa

JOHANNESBURG, OCTOBER 16, 2026 — CXM Group, the international multi-asset trading group, today announced that it has agreed to acquire TD Markets (Pty) Ltd, a Johannesburg-headquartered broker authorized by the Financial Sector Conduct Authority (FSCA) as a Financial Services Provider (FSP 49128). The strategic acquisition brings together two businesses with complementary strengths. Financial terms were not disclosed.

Founded in 2015, TD Markets is one of South Africa’s leading locally headquartered brokers, serving more than 50,000 active clients across Africa. By joining forces, the two firms combine TD Markets’ FSCA license, local brand, client community and partner network with CXM’s international scale and trading infrastructure, with the shared goal of accelerating growth across Africa. The acquisition gives CXM a regulated home in South Africa. TD Markets’ clients gain access to CXM’s global liquidity and trading technology, and its partners gain access to CXM’s international partnership program.

What this means for TD Markets clients and partners•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.

Full details and answers to common questions are 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 license made it the right choice. Our clients will see the same TD Markets, with more behind it.”

Accelerating growth across Africa

CXM was named Best Gold Trading Broker 2026 at iFX EXPO Dubai. In 2026 it launched 24/7 gold trading and connected its 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.

CXM plans 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 CXM Group

CXM Group is an international group of companies established in 2015, providing multi-asset trading across forex, indices, shares, metals, commodities and cryptocurrencies to retail, professional and institutional clients. CXM Group (SC) Ltd. is authorized and regulated by the Seychelles Financial Securities Authority (FSA) under the Foreign Exchange Dealer License (License No. SD 231). CXM Global is authorized and regulated by the Mauritius Financial Services Commission (FSC) operating under the license number GB21026337. CXM Securities is regulated by the Capital Market Authority (CMA) in the United Arab Emirates, under category 5 with license number 20200000267. CXM Co. Ltd. is a company licensed and regulated by the Securities and Exchange Regulator of Cambodia (SERC) with firm reference number 042 N.M.K. www.cxm.com

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. www.tdmarkets.com