FP Markets Expands Regulatory Presence in Africa with Kenyan License

Leading online Forex and CFDs broker, FP Markets, has announced a significant milestone in its global expansion efforts. The company has been granted a non-dealing Foreign Exchange Broker License by the Capital Markets Authority (CMA) of Kenya for its locally formed subsidiary, FP Markets Limited.

This development marks FP Markets' second regulatory approval in Africa, following its earlier license from the Financial Sector Conduct Authority (FSCA) of South Africa in May 2022. FP Markets, renowned for its global presence, is further solidifying its commitment to regulatory compliance on multiple continents.

Craig Allison, CEO of FP Markets, expressed his excitement about this achievement, stating, “We are thrilled to have been granted the license by the CMA. Kenya has emerged as an important new strategic location for us and is a country that boasts a young and dynamic trading and investing community. It stands out as a well-regulated financial services center and a hub for large parts of Africa, with a strong entrepreneurial spirit and consistent growth. We're looking forward to operating in Kenya and working together with the local regulatory bodies and government to ensure the industry continues to develop sustainably.”

This newly acquired CMA license expands FP Markets' already extensive regulatory presence. The company now holds licenses from a variety of prominent regulatory authorities, including the Australian Securities and Investments Commission (ASIC), the Financial Sector Conduct Authority (FSCA) of South Africa, the Financial Services Commission (FSC) of Mauritius, the Cyprus Securities and Exchange Commission (CySEC), and the Securities Commission of the Bahamas (SCB).

FP Markets, established in 2005, is a globally leading brokerage renowned for offering traders and investors access to over 10,000 tradable markets across key asset classes. Clients can trade on platforms such as MT4, MT5, cTrader, and Iress, gaining access to a wide range of assets including currency pairs like EUR/USD and USD/JPY, small-cap stocks on global exchanges, indices, commodities, bonds, ETFs, and digital currencies. FP Markets is dedicated to providing world-class trading services to clients across Africa and beyond.

With a commitment to regulatory compliance and a track record of providing unparalleled trading conditions, FP Markets stands out as a trusted broker in the financial industry. The company offers consistently tight spreads, rapid execution, unmatched 24/7 multilingual customer support, and a variety of account types to suit all trading strategies and styles.

About FP Markets

FP Markets is a globally recognized brokerage firm established in 2005. It offers clients access to a wide range of trading instruments across various asset classes, providing them with a diverse and comprehensive trading experience. FP Markets is known for its commitment to regulatory compliance and has obtained licenses from reputable regulatory authorities worldwide, including ASIC, FSCA, FSC, CySEC, and SCB. With a mission to deliver top-notch trading conditions, the company offers traders and investors consistently tight spreads, rapid execution, 24/7 multilingual customer support, and various account types tailored to individual trading needs.

For more information about FP Markets and its services, please visit https://www.wikifx.com/en/dealer/0361399834.html.

Regulatory Status

FP Markets is a multi-regulated brokerage firm authorized and overseen by several regulatory authorities around the world. These include:

• Australian Securities and Investments Commission (ASIC)

• Financial Sector Conduct Authority (FSCA) of South Africa

• Financial Services Commission (FSC) of Mauritius

• Cyprus Securities and Exchange Commission (CySEC)

• Securities Commission of the Bahamas (SCB)

• Capital Markets Authority (CMA) of Kenya

FP Markets' commitment to regulatory compliance ensures a secure and transparent trading environment for its clients, reinforcing its reputation as a trusted and reliable broker in the global financial market.