is also a senior treasury forex mt4 ea forum and financial and risk management C-suite executive with over 16 years exposure to international money markets, Mr Nganga believes that their offering will provide an opportunity for the country. It does not constitute financial advice under the Financial Services and Markets Act 2000. But I think the opportunity is very enormous. CFDs offer a simple method to speculate on different markets without owning the underlying asset on which the contract is based. The broker received the licence earlier this year following a lengthy and rigorous application process. Information published on this website and in our external communications is factual and for information purposes only. We want to give ease of access in a transparent and professional manner, Nganga said. And he was a member of the Kenya Bankers Association Financial Markets Sub Committee, the umbrella body of Kenya Banks. These traders invest as low as Sh50, 000.
Forex brokers in Kenya. There is currently no regulatory framework prohibiting nor guiding online forex trading in Kenya. CMA Approves License for Online Foreign Exchange Broker.
Although the road is bumpy ahead (in terms of educating the masses more and more trading companies are expected to look online to cushion their growth. Mwangi Karume, board member, EGM Securities, David Nyaga director, EGM Securities, Kevin Nganga CEO, EGM Securities, Paul Muthaura CE, Capital Markets Authority. For now, those (individual investors) who lack the much-needed experience in forex trading can learn the ropes thanks to a demo. Go to article We realised there was an opportunity as many Kenyans were trading with foreign entities, which are not regulated by Kenyas Central Markets Authority, and do not provide investor protection as these are offshore entities. Our registered address is The Apex, 2 Sheriffs Orchard, Coventry, England, CV1 3PP. With the number of people who are interested in online forex swelling by the day, this innovative financial offering boosts Kenyas positioning as a leader in financial innovation, and plays a critical role in providing the market with exposure to global macro opportunities such. When opening a FX CFD account, an investor agrees to exchange the difference between the opening price and the closing price of the FX or CFD position with the Broker. The company has since established a fully resourced staff complement of qualified and experienced professionals across various disciplines including compliance, finance, operations, IT in Nairobi.
Major leap for Kenyas financial market. Risk Warning: Investments involve a high level of risk. M is owned by Hades Capital Limited, a company registered in England under number 08176698. The Capital Markets Authority (CMA the Kenyas financial watchdog, is going to provide a legal framework for online forex trading. Disclaimer: m does not accept deposits, advise on investments, deal in investments (as agent or principal) or arrange deals in investments. The platform provides access to global markets and also provides an opportunity to clients to educate themselves on the global financial markets. .