INGOT Brokers Strengthens Presence in Africa, Obtains CMA License in Kenya Shortly After Securing FSCA Authorization

INGOT Brokers, a premium multi-asset brokerage firm, has strengthened its worldwide presence with a new regulatory license from the Capital Markets Authority (CMA) in the Republic of Kenya. 

Issued to the broker's local entity, INGOT Africa Ltd, the license will allow the company to operate as a Non-Dealing Online Foreign Exchange Broker under the Capital Markets Act (Cap 485 A of the laws of Kenya) and the Capital Markets (Online Foreign Exchange Trading) Regulations, 2017.

The CMA license further cements INGOT Brokers' efforts to strengthen its presence in Africa and present premium trading services to all investors. 

Receipt of the CMA license follows the milestone achieved earlier when INGOT RSA (PTY) LTD earned the official Financial Sector Conduct Authority (FSCA) license in South Africa​.

"Receiving the FSCA license is the first step toward fulfilling our goal of penetrating the African market and growing our client base in the continent,"said INGOT Brokers Chief Sales Officer Athol Nourse. INGOT Brokers also opened the first physical office in Africa's most industrialized and technologically advanced country last month.