CMA started licensing Forex Brokers in Kenya in 2018. Under this license brokers can apply for Non-Dealing Forex Broker, Dealing Forex Broker and Online Forex Manager.
CMA recommends all Kenyan Traders to only trade forex with CMA licensed brokers.
The following brokers are currently licensed by CMA under their licensing regime and are safe for Kenyan Traders:
- EGM Securities working as FXPesa
- SCFM Limited trading as Scope Markets
- Pepperstone Kenya
- Exinity Limited as FXTM