Exness Acquires Global Multi-Asset Broker License in Kenyan

Global multi-asset broker Exness has recently obtained its license from the Capital Markets Authority of Kenya (CMA). The company is now authorized to operate as a non-dealing online broker 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 broker’s 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-breaking trading volume of over $2 trillion, marking an industry first.

Sub-Saharan Africa is a significant part of Exness’ strategic expansion plans. With a license from the Financial Sector Conduct Authority of South Africa under its belt since 2021, Exness’ successful acquisition of its Kenyan license represents its commitment to the SSA region. It plays a vital role in expanding Exness’ African and global footprint. ‘The CMA license is an important step for Exness to develop an even more powerful presence in Africa,’ said Paul Margarites, Exness Regional Commercial Director for Sub-Saharan Africa. ‘Thanks to our FSCA license, we got off to a good start in establishing our reputation in the continent in 2021. We look forward to providing our products and services to more traders across Africa via our new license.’

Founded in 2008, Exness Group is a multi-asset broker renowned for its diversity of trading products and customer-centric approach. At Exness, traders can engage with a wide range of financial instruments, including stocks, indices, cryptocurrencies, forex, precious metals, and commodities. Express licenses contribute to its reliability and reputation. Apart from its Kenyan and South African licenses, the group holds licenses from several other financial regulatory authorities. Examples include the Financial Conduct Authority (FCA) of the United Kingdom, the Cyprus Securities and Exchange Commission (CySEC), and the Seychelles Financial Services Authority (FSA).

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Written by Mercy ANURIKA

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