Scope Markets (SCFM), a licenced non-dealing online foreign exchange broker, has officially launched in Kenya.
The company has been operating in Kenya since May 2019 says it has already garnered more than 1000 active users.
Scope intends to leverage on the growing curiosity for online forex trading. Achieving this will require training of a community of online traders which Scope Markets says it has undertaken by offering free training.
Speaking at the event, Scope Markets CEO, Kevin Ng’ang’a said, “We want to lead the way in the online forex trading space as an income-generating scheme and a means of job creation for the youth in the digital economy.”
The concentration of Kenya’s investment community on trading local shares and securities may have informed Scope’s initiative to promote online forex trading.
Scope Markets is a fully owned subsidiary of SM Capital Markets Limited which is a company registered in Cyprus. SM Capital Markets has given a capital injection to SCFM Limited to cover the non-dealing online foreign exchange broker licenses paid-up capital.