How it works
The CMA distinguishes licensed online forex brokers and money managers and publishes a register of licensees. Kenyan users can therefore verify whether a local entity is authorised before opening an account.
What to check
Use the CMA register, not a broker's marketing page, to confirm the legal name and licence number. Also read the customer agreement to ensure the CMA-regulated Kenyan entity is the one serving the account.
- Check the CMA register
- Match the legal entity in the agreement
- Verify the official domain
Limits and risks
A global brand may operate several legal entities. The existence of a Kenyan licence does not mean every website or affiliate using the brand places a customer with that entity.
Primary sources
Capital Markets Authority: Online Foreign Exchange Trading↗CMA licensed online forex brokers↗Capital Markets (Online Foreign Exchange Trading) Regulations, 2017↗General information only. Investment products can lose value, and terms, fees and regulation can change.