Millions of new traders are entering the financial markets each year, hoping to grab their financial freedom. While millions are joining the online trading revolution there are sadly unscrupulous individuals that prey on unsuspecting traders, especially in Kenya.
These scammers promise high profits with minimal investment and unfortunately, thousands are scammed out of their hard-earned money in Kenya.
So, how can you protect yourself and avoid being swindled? Today, CMTrading, a licensed and regulated broker, highlights the best ways to find the perfect broker and avoid being scammed online.
Start with trading with a bonus on your first deposit
In this article
5 things to look for when choosing a broker:
1. Reputable business reputation
Before signing up with any company you should research the following online – How long have they been in business? Do they have physical offices? Have they won awards? Do they have a good reputation?
Scammers prey on individuals who do not do their research.
CMTrading has been operating since 2012. It is an award-winning broker with offices all over the world including Kenya, Nigeria, and South Africa.
2. License and regulation
Having both a trading license and a regularity body is critical, as they protect consumers and hold brokers accountable. A major red flag is a business that cannot provide a trading license or isn’t regulated by any recognized authority.
CMTrading is a fully licensed and regulated broker. The company is a Financial Sector Conduct Authority (FSCA) approved broker since 2012 and is also regulated by the Financial Services Authority (FSA).
3. Educational materials
Scammers will never commit to free resources or training; they want your money and the sooner they get it they can vanish.
CMTrading offers weekly free webinars as well as expert online courses. You’ll be able to trade from Day 1 through our expert courses.
4. Separate accounts for clients
Your hard-earned money should be kept separate from your broker and they should never have direct access to your funds.
All clients’ funds deposited with CMTrading are kept in segregated bank accounts. These funds are fully separated from the company’s funds.
Ready to start trading? Open an account today
5. Testimonials from clients
Be wary of brokers with many negative reviews or who are listed as potential frauds. Look for reviews that mention funds, service, and overall time with the broker.
More than 1,000,000 subscribers enjoy CMTrading’s award-winning platform. But don’t just take our word for it – we encourage you to read our great reviews on Trustpilot and Benzinga as well as watch client testimonials on our YouTube channel.
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Award-winning broker
Since 2012, CMTrading has had a proven track record of excellence, growing to more than 1,000,000 happy subscribers in 2023.
What better way to celebrate our company’s ongoing efforts to provide a world-class trading experience than to be awarded not one, but 10 accolades so far in 2023.
Some of our awards include ‘Best Performing Financial Broker Africa’ and ‘Best Financial Broker Nigeria’.
Award-winning broker
CMTrading has been awarded the following:
Global Business Magazine:
Best Partner Program GCC 2023
Best Financial Broker Nigeria
Global Business Review Magazine:
Best Performing Financial Broker Africa 2023
Best Growing Broker Nigeria 2023
Best Growing Broker Kenya 2023
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Global Business and Finance Magazine Awards:
Fastest Growing Financial Broker Middle East 2023
Fastest Growing Broker Nigeria 2023
Best Performing Broker South Africa 2023
World Business Outlook Award:
Best Partner Program GCC 2023
World Business Stars Magazine Award Winner 2023 United Kingdom:
Best Broker in Nigeria 2023
Most Innovative Forex Broker in GCC & Africa 2023
Want to start trading? You can start from as little as $100.
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Welcome offer
Take advantage of market movements with our exclusive offer and start trading today!
How to get your bonus:
1. Log in and verify your account
2. Deposit $250+ & get up to $1,000 bonus
3. Trade with our bonus
T&C Apply | Min. deposit $250 | Max reward $1,000 | New clients _____________________________________________________________________________________
Ready to start trading? Open an account today
Join CMTrading, the largest and best-performing broker in Africa, and discover more opportunities with an award-winning broker. Register here to get started
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