FP Markets secures forex license in Kenya

FP Markets secures forex license in Kenya

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Leading global forex broker FP Markets reinforces its footprint in Africa with the acquisition of additional regulatory approval, further solidifying its presence across the continent.

In a strategic move to strengthen its position as a prominent global online Forex and CFDs broker, FP Markets proudly announces the attainment of a non-dealing Foreign Exchange Broker License from the Capital Markets Authority (CMA) of Kenya for its locally established subsidiary, FP Markets Limited.

The recent regulatory endorsement in Kenya adds to FP Markets’ growing regulatory influence in Africa, building on its acquisition of a regulatory license from the Financial Sector Conduct Authority (FSCA) of South Africa on May 10, 2022. This highlights FP Markets’ dedication to strengthening its global regulatory footprint across diverse continents.

FP Markets CEO, Craig Allison, commented on the development, saying:

‘We are thrilled to have been granted the licence 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. It stands out as a well-regulated financial services centre and a hub for large parts of Africa and the economy here is advanced, characterized by a strong entrepreneurial spirit and consistent growth. 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.”

The addition of the CMA license extends the group’s regulatory reach, covering authorized entities regulated by the Australian Securities and Investments Commission (ASIC), Financial Sector Conduct Authority (FSCA) of South Africa, the Financial Services Commission (FSC) of Mauritius, the Cyprus Securities and Exchange Commission (CySEC), and the Securities Commission of the Bahamas (SCB).

As a leading global brokerage celebrated for providing unparalleled trading conditions, FP Markets takes the lead. Traders and investors have access to an extensive selection of over 10,000 tradable markets through state-of-the-art platforms like MT4, MT5, cTrader, and Iress. From popular currency pairs like EUR/USD and USD/JPY to small-cap stocks on global exchanges, indices, commodities, bonds, ETFs, and digital currencies, FP Markets is poised to deliver top-notch trading services to clients across the African continent.

Established in 2005, FP Markets is a multi-regulated broker providing clients with access to a diverse range of over 10,000 tradable instruments across crucial asset classes. The platform features aggregate pricing from top-tier liquidity providers and stands out with consistently tight spreads, rapid execution, unparalleled 24/7 multilingual customer support, and a variety of account types designed to cater to diverse trading strategies and styles.

FP Markets, with over 18 years of industry experience, distinguishes itself with highly competitive interbank Forex spreads starting from 0.0 pips. Recognized for exceptional 24/7 multilingual customer service, the company has won ‘The Highest Overall Client Satisfaction Award’ for five consecutive years per Investment Trends.

Continuing its success, FP Markets has been named ‘Best Global Forex Value Broker’ for five consecutive years (2019-2023) at the Global Forex Awards. Noteworthy distinctions include ‘Best Forex Broker – Europe’ and ‘Best Forex Partners Programme – Asia’ at the Global Forex Awards in 2022 and 2023. Additionally, the company earned ‘Best Trade Execution’ at the Ultimate Fintech Awards in 2022.

Expanding its achievements to the African market, FP Markets was crowned ‘Best CFD Broker in Africa’ at the FAME Awards in 2023. Further recognition includes ‘Best Trade Execution’ and ‘Most Transparent Broker’ at the Ultimate Fintech Awards APAC in 2023. These accolades underscore FP Markets’ dedication to financial industry excellence across diverse regions.

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