简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:IC Markets has recently joined the ranks of forex and contracts for difference (CFDs) brokers to secure a regulatory license in Kenya. The Capital Markets Authority (CMA) in Kenya has granted this license to IC Markets Kenya Limited, a locally registered entity.
IC Markets' acquisition of a regulatory license in Kenya marks a significant milestone in the global forex and contracts for difference (CFDs) industry. With the endorsement from the Capital Markets Authority (CMA) in Kenya, IC Markets Kenya Limited is poised to strengthen its foothold in the African market.
The regulatory approval granted to IC Markets Kenya Limited allows the entity to operate as a non-dealing online foreign exchange broker. This accreditation positions IC Markets alongside other international retail brokers operating within Kenya, contributing to the diversification and expansion of the local financial services landscape.
Wyckliffe Shamiah, CEO of CMA, underscored the importance of the growing demand for licenses in the intermediary sector. He emphasized that this trend fosters healthy competition, encourages innovation, and extends the reach of capital markets products and services to retail investors, thereby promoting financial inclusion and market efficiency.
In addition to IC Markets' recent licensing success in Kenya, the brokerage firm holds regulatory approvals in various jurisdictions worldwide. The expansion of its regulatory footprint reflects IC Markets' commitment to upholding industry standards and ensuring compliance across diverse markets.
Furthermore, IC Markets has demonstrated its commitment to innovation and diversification by expanding beyond traditional FX and CFDs offerings. In a strategic move, the Australia-based broker introduced prop trading services in late March, positioning itself as one of the few regulated brokers to offer such services.
Kenya's economic landscape presents compelling opportunities for retail brokers like IC Markets. With a population exceeding 54 million and a nominal GDP of approximately $113 billion, Kenya ranks among the largest economies in Africa. The country's robust economic fundamentals, coupled with its burgeoning internet and mobile phone penetration rates, create a conducive environment for retail trading activities.
Moreover, Kenya boasts a transparent regulatory framework governing the operations of retail brokers. The regulatory oversight provided by the CMA ensures investor protection and market integrity, instilling confidence among traders and investors alike.
Against this backdrop, several international FX and CFDs brokers have established their presence in Kenya and obtained local licenses. Notable among these are FP Markets, Pepperstone, Exness, Admirals, INGOT Brokers, Scope Markets, and Exinity. These brokers contribute to the vibrancy and competitiveness of Kenya's financial markets, driving innovation and facilitating access to global investment opportunities for local traders and investors.
Looking ahead, IC Markets' regulatory approval in Kenya positions the brokerage firm to capitalize on the growing demand for forex and CFDs trading services in the region. By adhering to stringent regulatory standards and embracing innovation, IC Markets is poised to play a pivotal role in shaping the future of retail trading in Kenya and beyond.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
The forex market presents both opportunities and challenges, with technical analysis being crucial for successful trading. This article outlines the five essential steps for mastering Forex MT4 technical analysis: identifying trends, utilizing technical indicators, determining entry and stop-loss points, analyzing price charts, and performing real-time monitoring and adjustments. By following these steps, traders can enhance their understanding and application of technical analysis, ultimately improving their trading accuracy and success rate.
In this article, we will conduct a comprehensive examination of CA Markets, delving into its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service. WikiFX endeavours to provide you with the essential information required to make an informed decision about utilizing this platform.
The Economic and Financial Crimes Commission (EFCC), Nigeria's premier law enforcement agency addressing financial crimes such as advance fee fraud and money laundering, has detained over 200 suspects connected to foreign exchange scams and market manipulation.
ASIC issues stop orders to prevent Trademax from selling CFDs and FX to unsuitable retail investors.