Capital Markets Authority (Kenya)

The Capital Markets Authority of Kenya licenses online foreign exchange brokers under dedicated regulations, which makes Kenya one of the few African countries with a local retail forex regime.

What it means for a retail trader

Licensed brokers must keep client funds in segregated accounts. The CMA publishes the list of licensed online forex brokers and warns against unlicensed ones.

How to check a firm

Search the firm’s legal name or licence number on the official register linked above. Confirm that the name, the number and the website on the register match the firm you are dealing with, and that its permissions cover the product you want to trade. Clone firms often borrow a real firm’s name and number but use a different web address.