FP Markets, a leading global broker Received a foreign currency broker license (Foreign Exchange Broker License) for sending trading orders directly to the central office. (non-dealing) from Kenya's Capital Markets Authority (CMA) for its locally incorporated subsidiary, FP Markets Limited.
FP Markets previously received a regulatory license from the South African Financial Conduct Authority on May 10, 2022, as the company continues to strengthen its regulatory role. Globally licensed on many continents
The addition of this license from CMA expands the affiliate's licensing role. This currently consists of regulated companies authorized by the Australian Securities and Investments Commission (ASIC), the South African Financial Conduct Authority (FSCA), and the Financial Services Commission. the Financial Services Commission (FSC) of Mauritius, the Cyprus Securities and Exchange Commission (CySEC) and the Securities Commission of the Bahamas (SCB).
Craig Allison, CEO of FP Markets, said: “We are delighted to receive this license from CMA. Kenya is an important new strategic location for us and a country with A young and dynamic trading and investment community. It stands out as a well-regulated financial services hub and is the focus of most markets in Africa. It also has an advanced economy. It embodies a strong entrepreneurial spirit and steady growth. We look forward to operating in Kenya and working with regulators and local governments to ensure the industry continues to grow sustainably.”
