NEWS
IC Markets has secured a regulatory license in Kenya, marking a significant development in the country’s financial landscape.
The Capital Markets Authority, serving as Kenya’s primary financial regulator, has granted approval to a total of five new firms, including IC Markets, to engage in various capacities within the industry, aiming to foster growth and sophistication in the capital markets.
IC Markets Kenya Limited has been formally licensed to operate as a non-dealing online foreign exchange broker, according to the regulator.
Wyckliffe Shamiah, CEO of CMA, emphasized the positive impact of this expansion, highlighting how it promotes competition, innovation, and extends the accessibility of capital market products and services to retail investors. He stressed the regulator’s dedication to enhancing investor diversity and participation in the capital markets, particularly among retail investors.
Apart from its latest authorization in Kenya, IC Markets is also licensed in Australia, Cyprus, Seychelles, and the Bahamas.
