XM Secures Kenya CMA License
XM Kenya has officially obtained a license from Kenya’s Capital Markets Authority (CMA). They got it in less than three months after adding a UAE SCA license. It marks a significant milestone in XM’s expansion across Africa.
Commitment to Regulatory Excellence
The granting of the CMA license shows XM’s dedication to the highest regulatory standards. XM aims to build long-term trust and provide Kenyan traders with a transparent, client-first experience with local oversight. It is aligned with Kenya’s strong financial framework.
CEO’s Statement
Menelaos Menelaou, co-Chief Executive Officer of XM, said that Kenya represents a growing financial market, and receiving authorization from the CMA shows their commitment to regulatory excellence and market leadership. They are proud to enhance their presence in Kenya. Also, they are providing local traders with direct access to a world-class products ecosystem.
Enhanced Trading Access for Kenyans
The new license lets XM deepen its presence in Kenya. Traders get direct access to over 1,400 products, comprehensive educational resources, and world-class support. All operations adhere to the CMA’s strict compliance and investor protection standards.
Seamless Onboarding and Benefits
Kenyan clients enjoy a seamless onboarding process via the dedicated website. Benefits include superior trading conditions with fast execution, stable leverage, year-round bonuses, and numerous products and trading tools. Traders of all levels can open an account in minutes.
About XM
XM is an online broker (XM Group). It offers retail forex and CFD trading. Trading Point (established in 2009) launched it, and it is associated with founder Costas Cleanthous. The firm provides access to hundreds–over 1,000–tradable instruments across forex, stocks (CFDs), indices, commodities, and cryptocurrencies. Clients can trade via MetaTrader 4, MetaTrader 5, and XM’s mobile/web platforms. They can enjoy services like XM Copy Trading and educational resources. XM reports servicing more than 15 million clients from over 190 countries. Their billions of executed trades show their global scale.
Wrapping Up
XM solidifies its position as a trusted broker in Africa’s growing markets with the Kenya CMA license in hand. It is empowering local traders with secure, high-quality access to global opportunities.
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