FP Markets Expands: Acquires Forex License in Kenya

FP Markets bolsters its global presence with a Kenya Forex license acquisition, offering premier trading services to diverse African markets

Home » FP Markets Expands: Acquires Forex License in Kenya

FP Markets proudly announces the acquisition of a non-dealing Foreign Exchange Broker License from Kenya Capital Markets Authority (CMA) for its subsidiary, FP Markets Limited.

This recent regulatory approval from Kenya marks a significant milestone for FP Markets, complementing its growing regulatory influence in Africa. The company previously acquired a regulatory license from the Financial Sector Conduct Authority (FSCA) of South Africa on May 10, 2022, highlighting its commitment to establishing a robust global regulatory presence.

Craig Allison, CEO of FP Markets, expressed enthusiasm about the development, 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.”

He further emphasized Kenya’s status as a well-regulated financial services center and a hub for large parts of Africa. Allison stated, “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 sustainably.”

FP Markets Expands: Acquires Forex License in Kenya

The addition of the CMA license expands FP Markets’ regulatory footprint, adding to its existing licenses from authorities such as the Australian Securities and Investments Commission (ASIC), Financial Sector Conduct Authority (FSCA) of South Africa, Financial Services Commission (FSC) of Mauritius, Cyprus Securities and Exchange Commission (CySEC), and the Securities Commission of the Bahamas (SCB).

As a premier global brokerage, FP Markets offers unmatched trading conditions, providing access to over 10,000 tradable markets through cutting-edge platforms like MT4, MT5, cTrader, and Iress. From popular currency pairs to small-cap stocks, indices, commodities, bonds, ETFs, and digital currencies, FP Markets aims to deliver world-class trading services to clients across the African continent.

Founded in 2005, FP Markets stands as a multi-regulated brand with over 18 years of industry expertise. The platform distinguishes itself with highly competitive interbank Forex spreads starting from 0.0 pips, rapid execution, 24/7 multilingual customer support, and a range of account types tailored to diverse trading strategies.

FP Markets has received acclaim, winning awards such as ‘The Highest Overall Client Satisfaction Award’ for five consecutive years, ‘Best Global Forex Value Broker’ for five years in a row at the Global Forex Awards, and distinctions like ‘Best Forex Broker – Europe’ and ‘Best Forex Partners Programme – Asia.’ The company’s recent recognition includes ‘Best CFD Broker in Africa’ at the FAME Awards in 2023 and ‘Best Trade Execution’ and ‘Most Transparent Broker’ at the Ultimate Fintech Awards APAC in 2023, reinforcing its commitment to excellence across various regions in the financial industry.

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