Home -
Brokers -
Main body -

WikiFX Express

Exness
EC Markets
TMGM
XM
FOREX.com
FXTM
AvaTrade
FXCM
IC Markets Global
Eightcap

CMA License Has Been Acquired By Ingot Brokers To Expand its Presence In Kenya

INGOT BROKERS | 2022-11-28 17:07

Abstract:INGOT expands its reach on the African continent shortly after obtaining the FSCA license in South Africa.

CMA License Has Been Acquired By Ingot Brokers To Expand its Presence In Kenya.png

On Tuesday, November 1, 2022, the Capital Markets Authority (CMA) of the Republic of Kenya granted a license to INGOT Africa Ltd. (INGOT Brokers).

Under the Capital Markets Act (Cap 485 A of the laws of Kenya) and the Capital Markets (Online Foreign Exchange Trading) Regulations, 2017, the license would enable INGOT Brokers to operate as a Non-Dealing Online Foreign Exchange Broker.

The CMA license solidifies INGOT Brokers' efforts to strengthen its presence in Africa and provide premium trading services to all investors, building on the milestone achieved in September when INGOT RSA (PTY) LTD received the official Financial Sector Conduct Authority (FSCA) license in South Africa.

INGOT Africa Ltd is committed to empowering youth in Kenya and neighboring nations in both urban and rural regions by delivering free financial literacy education via INGOT Academy, which is meant to educate and train young people on investing and trading financial markets.

The academy also focuses on identifying, educating, and training Introducing Brokers (IBs) and affiliates to help them grow their online trading services and maximize their potential returns by providing them with access to INGOT Brokers' resources such as educational materials, webinars, seminars, and personal training sessions.

INGOT Africa Limited

INGOT Africa Ltd is a premium multi-asset brokerage business that aims to make financial markets open to all traders.

As it offers traders an award-winning platform, good training conditions, tremendous liquidity, and access to financial markets, the firm has established and maintained a world-class trading environment with the greatest quality of online financial services.

Screenshot_3 (1).png

It regularly provides a one-of-a-kind trading experience. These include commodities, equities, indices, ETFs, and currencies, among other financial derivatives and CFD instruments.

Furthermore, the INGOT Brokers staff goes above and above to assist customers regardless of their degree of expertise.

What is the CMA, and why do forex brokers need one?

The Capital Markets Authority (CMA) was established in 1989 as a legislative entity under Cap 485A of the Capital Markets Act. Its primary purpose is to regulate and build orderly, fair, and efficient capital markets in Kenya in order to promote market integrity and investor trust.

logo-cma.png

According to the Act and the rules, the Authority's regulatory tasks include: licensing and regulating all capital market intermediaries; ensuring compliance with the legal and regulatory framework by all market players; Regulating public offerings of securities like shares and bonds, as well as the issuing of other capital market goods like collective investment schemes; Promoting market growth via research on new products and services; In order to adapt to market developments, the legislative framework is being reviewed. Promoting investor education and public awareness, as well as protecting the interests of investors

More information about Ingot Brokers may be found at https://www.wikifx.com/en/dealer/2801529700.html.

Mobile (2).png

Stay tuned for more Forex Broker News.

Download the WikiFX App from the App Store or Google Play Store to stay updated on the latest news.

Footer-New.jpg
forex beginnersBasic forex knowledgeforex marketleverage in forexForex newsForex AnalysisForex BrokerknowledgeSpot MarketDealerBroker

Related broker

Stoppage of Business
INGOT BROKERS
Company name:INGOT SC LTD
Score
2.50
Website:https://www.ingot.io/SC/en-SC
Stoppage of Business | 10-15 years | Regulated in Australia | Regulated in Seychelles
Score
2.50

Read more

Iran’s Strait Strategy: Is the World Ready for $100 Oil?

Tensions in the Middle East are rising quickly, and global oil markets are already feeling the pressure. Since Iran and Israel entered open conflict, oil prices have jumped from around $60 to nearly $80 per barrel. Now, with the United States joining the fight and launching strikes against Iran, the situation has become even more serious. Iran’s threat to seal off the Strait of Hormuz could ignite a global energy meltdown, spike oil prices beyond $100, and unleash economic chaos across the world.

Original 2025-06-24 17:13

Tiger Brokers Expands Hong Kong Operations to Tap Offshore Chinese Wealth

Tiger Brokers doubles Hong Kong staff to capture offshore Chinese wealth with aggressive hiring plans and market share growth in 2025.

Original 2025-06-24 17:09

OneRoyal: Regulated in Some Countries, Warned by Others

When choosing a broker in the online trading world, it’s important to check who regulates them and what kind of services they are allowed to offer. OneRoyal is a broker operating in different countries and holding several licences from recognised regulators. However, some details raise concerns that traders should not ignore.

Original 2025-06-24 17:05

FXTM: A Closer Look at Its Licences

Choosing a trustworthy and properly licensed broker is one of the most important steps for anyone looking to trade online. FXTM, also known as ForexTime, is an international broker that holds several licences from different financial authorities. But what do these licences mean in practice, and how safe is it to trade with FXTM?

Original 2025-06-24 17:01

WikiFX Express

Exness
EC Markets
TMGM
XM
FOREX.com
FXTM
AvaTrade
FXCM
IC Markets Global
Eightcap

WikiFX Broker

FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
GTCFX

GTCFX

Regulated
EBC

EBC

Regulated
FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
GTCFX

GTCFX

Regulated
EBC

EBC

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
GTCFX

GTCFX

Regulated
EBC

EBC

Regulated
FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
GTCFX

GTCFX

Regulated
EBC

EBC

Regulated

Latest News

Top Wall Street analysts like these three stocks for long-term growth

WikiFX
2025-06-22 12:07

Dow futures slide 150 points as oil rises following U.S. bombing of Iran: Live updates

WikiFX
2025-06-22 23:04

Asia-Pacific markets set to open lower as U.S. bombing of Iran escalates Middle East crisis

WikiFX
2025-06-23 00:45

Oil at $100 a barrel? U.S. role in Iran-Israel fight fuels market jitters

WikiFX
2025-06-23 03:35

Consob Blocks 7 Fraudulent Investment Websites Amid Ongoing Crackdown

WikiFX
2025-06-23 11:56

MyFundedFutures Tightens Compliance Measures Following Regulatory Pressure

WikiFX
2025-06-23 11:58

Investors Beware! The Pound May Face a Downturn in the Second Half of the Year

WikiFX
2025-06-23 17:12

European markets start the week lower as Middle East crisis worsens

WikiFX
2025-06-23 06:11

Latest FCA Warning List Out! Beware & Protect Your Money

WikiFX
2025-06-23 17:47

European defense stocks sell-off intensifies after U.S. hits Iran

WikiFX
2025-06-23 06:11

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

SimpleTrades

SimpleTrades

Zonders

Zonders

GOLDEN DAY PROFIT LIMITED

GOLDEN DAY PROFIT LIMITED

 Aviso Wealth

Aviso Wealth

HAMILTON

HAMILTON

Sifang

Sifang

TrustFX

TrustFX

ArgusFX

ArgusFX

EIGENFX

EIGENFX

Tribely

Tribely