FP Markets has achieved another milestone in its global expansion strategy by securing a non-dealing Foreign Exchange Broker License from the Capital Markets Authority (CMA) of Kenya for its locally formed subsidiary, FP Markets Limited.

This recent regulatory approval follows FP Markets’ successful acquisition of a regulatory license from the Financial Sector Conduct Authority (FSCA) of South Africa in May 2022. The company’s CEO, Craig Allison, expressed enthusiasm for the new 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.”

Kenya, recognized as a well-regulated financial services center and a hub for significant parts of Africa, aligns with FP Markets’ commitment to expanding its global regulatory presence. The Kenyan economy, characterized by a strong entrepreneurial spirit and consistent growth, presents an attractive market for the company.

FP Markets Expands African Presence with Broker License in Kenya

Allison added, “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.”

With the addition of the CMA license, FP Markets now strengthens its regulatory footprint, which includes regulated entities authorized by the Australian Securities and Investments Commission (ASIC), the 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).

FP Markets offers traders and investors access to a diverse range of over 10,000 tradable markets. Through trading platforms such as MT4, MT5, cTrader, and Iress, clients can engage in trading activities involving popular currency pairs like EUR/USD and USD/JPY, as well as small-cap stocks across global exchanges. The company also provides opportunities to trade in Indices, Commodities, Bonds, ETFs, and Digital Currencies.

With a commitment to delivering world-class trading services, FP Markets aims to cater to the growing demand in Africa and provide a comprehensive platform for traders and investors in the region.

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