WIKIFX REPORT: Exness Acquires Capital Markets Authority (CMA) Licence in Kenya

Global multi-asset broker Exness (www.Exness.com) recently obtained its license from the Kenya Capital Markets Authority (CMA). The company is now authorized to operate as an online broker without trading in the African country.

The new license will allow Exness to offer trading products to its Kenya-based clients under a secure regulatory environment. It will strengthen the corridors presence in sub-Saharan Africa.

Known for its better-than-market trading conditions, Exness has been experiencing continuous growth since its inception in 2008. In March 2022, the company reported a record trading volume of over $2 billion, marking an industry first.

Sub-Saharan Africa is an important part of Exness‘ strategic expansion plans. With a license from the South African Financial Sector Conduct Authority under its belt since 2021, Exness’s successful acquisition of the Kenya license represents its commitment to the SSA region. He plays a vital role in expanding Exnesss global and African presence.

“The CMA license is an important step for Exness to develop an even more powerful presence in Africa,” said Paul Margarites, Exness Regional Business Director for Sub-Saharan Africa.

“Thanks to our FSCA license, we are off to a good start in establishing our reputation on the continent in 2021. We look forward to bringing our products and services to more traders in Africa through our new license.”

Founded in 2008, Exness Group is a multi-asset broker recognized for its diversity of trading products and client-centric approach. At Exness, traders can interact with a wide range of financial instruments, including stocks, indices, cryptocurrencies, forex, precious metals, and commodities.

Global multi-asset broker Exness (www.Exness.com) recently obtained its license from the Kenya Capital Markets Authority (CMA). The company is now authorized to operate as an online broker without trading in the African country.

The new license will allow Exness to offer trading products to its Kenya-based clients under a secure regulatory environment. It will strengthen the corridors presence in sub-Saharan Africa.

Known for its better-than-market trading conditions, Exness has been experiencing continuous growth since its inception in 2008. In March 2022, the company reported a record trading volume of over $2 billion, marking an industry first.

Sub-Saharan Africa is an important part of Exness‘ strategic expansion plans. With a license from the South African Financial Sector Conduct Authority under its belt since 2021, Exness’s successful acquisition of the Kenya license represents its commitment to the SSA region. He plays a vital role in expanding Exnesss global and African presence.

“The CMA license is an important step for Exness to develop an even more powerful presence in Africa,” said Paul Margarites, Exness Regional Business Director for Sub-Saharan Africa.

“Thanks to our FSCA license, we are off to a good start in establishing our reputation on the continent in 2021. We look forward to bringing our products and services to more traders in Africa through our new license.”

Founded in 2008, Exness Group is a multi-asset broker recognized for its diversity of trading products and client-centric approach. At Exness, traders can interact with a wide range of financial instruments, including stocks, indices, cryptocurrencies, forex, precious metals, and commodities.

Exness licenses contribute to its reliability and reputation. In addition to its Kenyan and South African licenses, the group holds licenses from a number of other financial regulatory authorities. Examples include the UKs Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Seychelles Financial Services Authority (FSA).