Kenya Regulator OKs Capital.com to Offer Forex Online
Capital.com receives Kenyan regulatory approval to offer online forex services, that's a legal step for Kenyan traders and more local choice.
Direct link: Kenya Regulator OKs Capital.com to Offer Forex Online
Capital.com gets Kenyan CMA approval to offer online forex trading
Global fintech group Capital.com has secured approval from Kenya’s Capital Markets Authority (CMA) to operate as a Dealing Online Foreign Exchange Broker.
The licence, issued as number 244, allows Capital.com to offer regulated online forex and trading services to customers in Kenya.
With this approval, Capital.com will act as the regulated counterparty. It will handle client onboarding, execute trades, and provide customer support, following CMA rules.
The company said the approval supports its wider plan to enter new markets through local regulation. It also reflects a long-term focus on compliance and risk controls.
Capital.com named Samwel Kiraka as Chief Executive Officer for Kenya to lead the local business. Kiraka has worked in regulated financial services and will oversee setup and day-to-day operations. His role includes governance, compliance, and client support, in line with CMA standards.
Valentina Rzheutskaya, executive director at Capital.com, said the licence helps define how the firm will run its services in Kenya.
“Operating under local regulatory supervision is a fundamental requirement for offering financial services responsibly.
“The CMA licence provides a clear framework for how we operate in Kenya, including how we communicate risk, support clients and maintain appropriate controls,” she said.
Capital.com added that it will operate under CMA supervision with local governance, compliance oversight, and client support in place. The firm will also meet ongoing reporting and supervisory requirements under Kenyan rules.
Capital.com operates through several regulated entities worldwide. It is authorized by regulators that include the UK Financial Conduct Authority, the Cyprus Securities and Exchange Commission, the Australian Securities and Investments Commission, the Securities Commission of The Bahamas, and the UAE Securities and Commodities Authority.