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by Charlie Roberts on October 26th, 2020

Capital Markets Authority of Kenya Grants License to Pepperstone

It was announced recently that a very famous broker worldwide, called Pepperstone, which offers investors Forex and CFDs trading, has now entered the Kenyan trading market by receiving the license for operating in the country by the main regulatory agency of the country, the Capital Markets Authority of Kenya.

This broker offers more than 170 available trading instruments thanks to some of the most popular trading platforms on the market, MetaTrader4, MetaTrader5, and cTrader. There are more than 89,000 traders enjoying the services of this FX broker.

Pepperstone is known to be one of the largest FX brokers, not the market, offering investors very diverse and exciting services for trading. The broker has been around for many years now, and over the years, it has gotten a great reputation on the market.

The Pepperstone Markets Kenya Ltd represents a subsidiary of Pepperstone Group Ltd. The company has already been granted a non-dealing Foreign Exchange Broker License by the main regulatory body of the country, the Capital Markets Authority of Kenya. The launch coincided with Pepperstone’s 10th anniversary.

The company has always been very active when it comes to spreading its services around the world. For many years now, the representatives of the FX broker have noted many times that they are willing to offer their services to as many parts of the world as possible. Offering services in Kenya is another step forward in this regard for the company, which is already available in many countries around the world.

The CEO of Pepperstone Kenya has noted that the representatives of the broker are very excited about this opportunity, they are very happy to bring “world-class trading platforms, execution, and pricing to the vibrant retail and institutional Forex market in Kenya”.

As the CEO of the company, Sahil Patel added, he has been trading with international banks for a very long time now, and he is very pleased to offer the same level of product and services to the people of Kenya. There are many other FX brokers in Kenya, and Pepperstone will be a great addition to the list.

History of Pepperstone

Pepperstone is one of the most popular FX brokers on the market, offering Forex and CFDs trading to investors. The company was established in 2010 and is headquartered in Melbourne, Australia. Since its establishment, the company has spread around the world and over the years, managed to get licenses from many countries and parts of the world.

The Forex broker has licenses from leading regulatory agencies on the market, such as FCA of the UK, CySEC of Cyprus, BaFIN of Germany, and many others. Since it is now available in Kenya, the citizens of the country will now have the ability to enjoy world-class services.

FX Trading in Kenya

Forex trading is becoming very popular in the region of Africa every day. The market is developing at a very fast pace as of now, however, the problem that the region has is the fact that there simply are not enough good and trustworthy FX brokers. The fact that Pepperstone has become available in Kenya is a huge step forward for both the broker and the region as well.

Africa is regarded to be one of the fastest-growing and yet untouched trading markets around the world, and although there are a lot of off-shore companies available in the region, there are not so many locally regulated FX brokers in the region. Unlike many other countries in the region where the field is mainly regulated by the Central Banks, Kenya has its own regulatory agency, called the Capital Markets Authority of Kenya which takes care of the whole FX trading market in the country.

The regulatory body was established in 2018, and since then, it has been regulated the FX trading market in the country. Over the last few years, the country has enhanced regulatory framework and managed to create a lot safer and trustworthy market over the last few years.

By Charlie Roberts

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