One of the primary focuses for Admiral is to make sure that their service is available for various traders globally. As evidence, this broker has opened various branches in a lot of countries including Spain, the UK, and Australia.
Recently, the Admiral Markets Groups have spread their wings to Kenya. Admirals Kenya Limited has successfully obtained authorization from the Capital Markets Authority (CMA), Kenya's financial watchdog.
Being one of the major forex industry hubs in Africa, it's not surprising that numerous brokers are now shifting their market attention to this region.
"The Capital Markets Authority (CMA) has licensed Admirals Kenya Limited as a non-dealing online forex trading broker under the Capital Markets Regulations. Admirals hopes the achieving of this license shall assist further growth in Africa and grant access to a stringently regulated market," said Admirals in an official statement.
Admiral's entities in Cyprus and South Africa, namely Admiral Markets Cyprus and Admirals South Africa, have jointly entered into an acquisition agreement for Aglobe Investments Ltd. Aglobe Investments Ltd was incorporated in the Republic of Seychelles and holds a license as a securities dealer from the Seychelles Financial Services Authority.
In addition to its presence in Seychelles and Kenya, this broker, which exclusively uses the MetaTrader platform, is also authorized by regulatory bodies including the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC).
These regulatory approvals enable brokerage firms to provide a wide range of financial services across Europe. As of now, the company maintains offices in Estonia, Jordan, Cyprus, Malaysia, and the United Kingdom.