Cyprus-headquarted broker XM, with over 15 million clients worldwide, has officially obtained a license from the Capital Markets Authority (CMA) of Kenya.
As noted in a relevant press release, "This achievement marks a significant milestone in XM's strategic expansion across Africa and reinforces its commitment to providing a secure and regulated trading environment for local investors."
"The granting of the CMA license reflects XM's dedication to operating under the highest regulatory standards. By aligning with Kenya's robust financial framework, XM aims to build long-term trust and offer Kenyan traders a transparent, client-first experience backed by local oversight," the press release continued.
"Kenya represents a dynamic and rapidly growing financial market, and receiving authorisation from the CMA is a testament to our commitment to regulatory excellence and market leadership," said Menelaos Menelaou, co-Chief Executive Officer of XM. "We are proud to enhance our presence in Kenya, providing local traders with direct access to our world-class ecosystem of products and award-winning services under a robust, locally recognised regulatory framework."
The new license allows XM to deepen its presence in the region, offering traders in Kenya direct access to its established global ecosystem of over 1,400 products, comprehensive educational resources, and world-class support. The authorisation ensures that all operations within the country adhere to the strict compliance and investor protection standards set by the Authority.
"Through its dedicated website, www.xm.ke, Kenyan clients can now enjoy a seamless onboarding process and benefit from superior trading conditions, including fast execution, stable leverage, year-round bonuses, and a wide array of products and trading tools designed to help them trade with confidence. Traders of all levels are welcome to join XM and open an account in minutes," the press release concluded.
