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FP Markets secured a second African regulation to further expand its regulatory footprint in Africa

SYDNEY, December 6, 2023 /PRNewswire/ -- In a move that further strengthens its position as a truly global online Forex and CFD broker, FP Markets has announced that the Capital Markets Authority (CMA) of Kenya has granted it granted a non-trading forex broker license for its locally formed limited markets subsidiary.

The Kenya regulation adds to FP Markets' regulatory footprint in Africa as it received a regulatory license from South Africa's Financial Sector Conduct Authority (FSCA) on May 10, 2022, as it continues to strengthen its global regulatory presence in multiple continents.

Craig Allison, CEO of FP Markets, commented on the news, adding: "We are delighted to have been granted the license by the CMA." Kenya has become an important new strategic location for us and is a country that has a young and dynamic business and investment community. It stands out as a well-regulated financial services center and a hub for much of Africa and the economy here is advanced, characterized by a strong entrepreneurial spirit and steady growth. “We look forward to operating in Kenya and working alongside local regulatory bodies and government to ensure the industry continues to develop sustainably.”

The addition of the CMA license expands the group's regulatory presence, which now includes regulated firms authorized by South Africa's Australian Securities and Investments Commission (ASIC) Financial Sector Conduct Authority (FSCA), the Financial Services Commission ( FSC) of Mauritius, Cyprus Securities and Exchange Commission (CySEC) and the Securities Commission of the Bahamas (SCB).

As a leading global broker that prides itself on providing unparalleled trading conditions, traders and investors can access over 10,000 tradable markets through the MT4, MT5, cTrader and Iress trading platforms. From popular currency pairs such as EUR/USD and USD/JPY to small-cap stocks on global exchanges, as well as indices, commodities, bonds, ETFs and digital currencies, FP Markets looks forward to providing world-class trading services to its clients throughout Africa.

Founded in 2005, FP Markets is a multi-regulated brand offering clients over 10,000 tradable instruments across key asset classes and offering aggregated pricing through several top-tier liquidity providers. Additionally, FP Markets offers consistently tight spreads, fast execution, unrivaled 24/7 multilingual customer support, and various account types to suit all trading strategies and styles.

Notes to editorsAbout FP Markets:

For more information on FP Markets' wide range of products and services, visit https://www.fpmarkets.com/

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