Pelican Becomes South Africa's First Licensed Copy Trading Provider

Article details

Pelican, a provider of white-label copy trading technology, has secured regulatory authorization from South Africa's Financial Sector Conduct Authority (FSCA). The license, granted to London & Eastern LLP under FSP No. 55408, authorizes portfolio management and investment advice services. This approval marks South Africa's first license specifically dedicated to copy trading, establishing a formalized framework for local brokers.