CXM Group has agreed to acquire TDMarkets, a Johannesburg-based broker regulated by South Africa's FSCA. The deal was reported on 16 October 2026. The amount was not disclosed in the sources.
According to the source, the acquisition brings together TD Markets' local brand, regulatory licence and more than 50,000 active clients across Africa with CXM's global trading infrastructure and liquidity. The source describes the deal as CXM Group's entry into one of Africa's key financial markets.
Andrew A., CMO at CXM Group, said the company plans to invest in the business: "We are here to invest in it: in liquidity, in technology and in people on the ground in Johannesburg."
Amar Ramith, CEO of TD Markets, said of the partnership: "Our clients will see the same TD Markets, with more behind it."
The transaction has been agreed but not completed.