Capital.com Expands into Kenya with Local Licence
Capital.com secures a Kenyan CMA licence and appoints Samwel Kiraka as CEO, marking a major step in its Africa expansion strategy.
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Abstract:Axi Select celebrates two years with $400M+ allocated funding, 40K+ traders, and five reaching $1M ProM stage in innovative prop-style program.

Axi Select has achieved a remarkable $400 million funding milestone as it marks its second anniversary, establishing itself as a leading trader development initiative in the competitive proprietary trading landscape. The broker-backed program has transformed how traders access capital and career growth opportunities.
Unlike traditional prop trading firms that impose hefty fees and elimination challenges, Axi Select operates through a performance-based trading model that prioritizes trader success over barriers. The program has distributed over $10 million in profit payouts while maintaining zero entry fees, creating genuine opportunities for skilled traders worldwide.

The milestone represents significant growth from its 2023 launch, with the trading career growth platform now supporting more than 40,000 active participants across multiple global markets. Five exceptional traders have already advanced to the ProM stage, each managing $1 million in allocated capital.
Central to the program's success is its sophisticated MT5 trading integration and innovative Edge score analytics system. These trader performance analytics tools provide objective feedback on risk management and consistency, helping participants develop professional trading discipline without artificial time pressures.
Greg Rubin, Head of Axi Select, emphasized the platform's unique position: “We've built something truly different with Axi Select. Our focus is giving traders a fair and transparent path to scale their careers, and seeing five traders reach $1 million funding proves incredible results are achievable.”
Looking toward year three, Axi Select plans enhanced trader mentorship and education programs, advanced performance analytics building on Edge score success, and continued platform innovation across MT5 and Axi's global infrastructure. The online trading broker Axi continues expanding this funded accounts alternative to traditional prop trading models.
The program demonstrates how broker-backed initiatives can successfully compete with established prop trading firms while offering more accessible pathways for trader development and career advancement in forex and CFD markets.

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.

Capital.com secures a Kenyan CMA licence and appoints Samwel Kiraka as CEO, marking a major step in its Africa expansion strategy.

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