Pepperstone, one of the world’s largest brokers, has made its entry into the Kenyan forex trading market. Pepperstone Markets Kenya Limited, a subsidiary of Pepperstone Group, has been granted a non-dealing Foreign Exchange Broker License by the Capital Markets Authority (CMA) of Kenya.
Pepperstone is a global leader in the online forex trading industry, offering over 170 tradable instruments via its MT4, MT5 and cTrader platforms to more than 89,000 clients worldwide.
According to Pepperstone Kenya CEO Sahil Patel, the company is hugely excited to bring world-class trading platforms, execution and pricing to the vibrant retail and institutional forex market in Kenya.
“Having traded for international banks over the past decade, I am pleased to offer the same level of product sophistication, pricing, analysis and execution to retail investors as that received by a bank trading desk.”
The entry, which coincides with Pepperstone’s 10th year of operations, is part of a global growth strategy that enables more effective and specific servicing of the fintech’s clients.
Patel said that what sets Pepperstone Kenya apart from its competitors is a commitment to clients and excellent service. “We’ve modelled our product suite to empower our traders with all the tools, expert market insight and client service they need to succeed on their trading journey,” said Patel.
Pepperstone Group CEO Tamas Szabo added that Kenya is an essential new region for the broker.
It has become a renowned and well-regulated financial services hub in East Africa. Kenya’s economy is seen as highly developed and embodies entrepreneurship and growth.
“We very much look forward to doing business in Nairobi and working together with the local regulator and government to develop the industry in a sustainable manner,” said Szabo.
Pepperstone is an award-winning online global forex and CFD broker known for delivering exceptional client service and award-winning funding and withdrawals to tens of thousands of clients around the world.
The forex broker is regulated by the Australian Securities and Investments Commission (ASIC), the UK Financial Conduct Authority (FCA), Dubai Financial Services Authority (DFSA), CySec, BaFin and The Capital Markets Authority of Kenya (CMA).