- IC Markets receives regulatory license from Kenya’s Capital Markets Authority.
- The broker joins a growing list of international firms establishing a presence in Kenya.
IC Markets continues its African expansion with a big win – a regulatory license from Kenya’s Capital Markets Authority (CMA). The popular forex and CFD broker can now legally operate as a non-dealing online forex broker in the East African nation.
Kenya’s a hot spot for brokers these days, thanks to its growing economy and investor-friendly regulations. “The demand for licenses is booming,” says CMA CEO Wyckliffe Shamiah, “It’s a sign of healthy competition and more options for Kenyan investors.”
IC Markets joins a lineup of international brokers who’ve set up shop in Kenya, including FP Markets, Pepperstone, and Exness. This Australian-based broker has been on a roll lately, even launching prop trading services in March.
Kenya’s large population and rising internet access make it a prime target for retail brokers. With a clear regulatory framework in place, it’s no wonder IC Markets and others are keen to expand here.
