Brokerage firm FP Markets has secured a non-dealing Foreign Exchange Broker License from the Capital Markets Authority (CMA) of Kenya, marking its second regulatory approval in Africa. The initial approval came from the Financial Sector Conduct Authority (FSCA) of South Africa in May 2022.
The acquisition of the license in Kenya represents a strategic expansion for FP Markets, aimed at fortifying its global presence and meeting the evolving demands of traders and investors in Africa. This development adds to the company’s growing list of regulatory approvals worldwide, underscoring its dedication to offering a secure and regulated trading environment for clients.
Craig Allison, CEO of FP Markets, expressed excitement about the newly obtained license, stating, “We are thrilled to have been granted the license by the CMA. Kenya has emerged as an important new strategic location for us and is a country that boasts a young and dynamic trading and investing community. We’re looking forward to operating in Kenya and working together with the local regulatory bodies and government to ensure the industry continues to develop in a sustainable manner.”
FP Markets’ global regulatory presence now spans multiple continents, including Australia, South Africa, Mauritius, Cyprus, the Bahamas, and Kenya. The company aims to provide access to over 10,000 tradable markets, covering a diverse range from currencies and stocks to indices, commodities, bonds, ETFs, and digital currencies through its various trading platforms.
Founded in 2005, FP Markets prides itself on being a multi-regulated brand offering tight spreads, rapid execution, multilingual customer support, and diverse account types. The company has received accolades for outstanding services and industry recognition, including awards such as ‘Best Global Forex Value Broker,’ ‘Best Forex Broker in Europe,’ and ‘Best CFD Broker in Africa,’ demonstrating its commitment to delivering exceptional trading services worldwide.
