IC Markets Obtains Regulatory License to Operate in Kenya
IC Markets has received a regulatory license to operate as a non-deal online forex broker in the Kenyan forex trading market.
In the latest forex broker news, forex broker IC Markets, online trading provider global, has obtained a license from the Capital Markets Authority (CMA) in Kenya to operate as a non-deal online forex broker.
This move marks the entry of forex broker IC Markets into the African fintech space, continuing its commitment to expanding its reach and providing a safe trading environment safe. Despite global uncertainty, increasing investor confidence in Kenya is expected to drive business growth and expansion in the region.
Kenya, with more than 54 million people and a nominal GDP of about $113 billion, is Africa's seventh-largest economy. The new CMA license is part of the fast-executing broker's strategy to meet global regulatory standards and expand its presence across multiple continents. p>
IC Markets is regulated by the Australian Securities and Investments Commission (ASIC), the Seychelles Financial Services Authority (FSA), and the Cyprus Securities and Exchange Commission (CySEC).
CMA CEO Wyckliffe Shamiah commented, “The increasing demand for licenses in the trading sector in recent years is a positive development, encouraging competition, innovation and the availability of capital markets products and services for retail investors.”
Even though the Kenyan regulator has confirmed the license, IC Markets has not provided further details about this new operational license.
Nevertheless, this development underscores IC Markets' dedication to establishing itself as a versatile multi-asset platform that prioritizes security and trust for its users. its users. Integrated with TradingView, IC Markets continues to strengthen its global footprint and provide an environment safe trading for its clients.