"Kenya is one of the most exciting emerging markets in Africa, where enthusiasm for trading and investing is at an all-time high."
Exinity Group has officially launched its services in the Kenyan market almost a year after receiving a license from the Capital Markets Authority of Kenya (CMA). The Group was licensed to operate as a regulated non-dealing forex broker.
The Group now joins just three other brokers who are regulated to offer trading services including forex to retail clients in Kenya as it embarks on a journey to spread its wings within and without Kenya. The Group says Kenya is a promising market.
Backed by over 20 years of experience in trading and investment, the company says its products will enable Kenyans to participate in trading and investment opportunities across markets and asset classes.
“Kenya is one of the most exciting emerging markets in Africa, where enthusiasm for trading and investing is at an all-time high.
It is renowned for being one of the fastest-growing economies with an innovative regulator such as the CMA. Acquiring the coveted license fills us with confidence and great anticipation for our future in this dynamic region,” said Mr. Olga Rybalkina, CEO of Exinity Group.
Exinity Group is a new global wealth engine backed by over 20 years of experience in trading and investment. The Group is home to its various retail businesses including Alpari International, ForexTime (FXTM), and a new retail offering under the same name, Exinity.
“Our story goes back to the first days of online Forex trading with the founding of the Alpari Group in 1998. A pioneer of the MetaTrader platform, Alpari expanded rapidly in the world’s emerging markets and was joined in 2011 by our sister brand, FXTM,” said the Group.
Together, both brands have established a strong global presence in online trading, serving over two million clients in 180 countries from regulated centers across three continents.
The firm says Kenya is leading the way in technology, innovation by making more affordable smartphones available and enhancing internet connectivity.
“When it comes to increased retail trading and investing, Kenya is the third-largest forex trading market in Africa in terms of daily trading volume and number of trades,” Duncan Kinyata, CEO, Exinity Kenya said during the launch.