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WikiFX report: SuperForex broker cements its presence and influence in Kenya
Abstract：The trading industry is filled with all kinds of different products, assets, investment vehicles, and alike. But, out of all of them, forex is by far the largest and most liquid. Forex, or foreign exchange, became even bigger during the COVID-19 pandemic which has now been ongoing for over a year and a half.
Brokers started seeing a large increase in demand for forex among individual traders, and they quickly jumped on the opportunity to grant them access to this asset class. This interest in forex surged all over the world, including African countries. In fact, the African capital markets have seen a major expansion since the last decade, partially due to the growing interest from retail investors, and partially due to the moderately steady economies.
South Africa and Kenya have seen the highest interest, judging by the retail trading volume measured over the last five years. Kenyas online forex trading market has particularly impressed, going up by an incredible 80%, which allowed one broker to cement its position and dominance in the country.
SuperForex becomes a leading broker in Kenya
The broker in question is SuperForex, which actually offers a wide variety of trading instruments offered to customers. Users can make different portfolios, combining over 300 currency pairs, cryptocurrencies, stocks, stock indices, CFDs, options, futures, commodities, and alike.
The company has received multiple awards for its proficiency in running the brokerage, which allowed it to take up a leadingposition in the country. It also developed a mobile app that makes it easy for users to trade and invest on the go, with a full range of functionalities that will serve novices and professional investors and traders alike.
It allows users to make deposits and withdrawals using the M-Pesa payment system, and the account can be easily opened via the Kenyan shilling.
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.
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