Pepperstone Expands to Kenyan Retail Forex Market

Pepperstone, an Australia-based retail forex and CFDs broker,  has announced that it will enter the Kenyan FX market, continuing its global expansion.

The launch, which coincides with Pepperstone's 10th year of operations, is part of a global growth strategy that enables more effective and specific servicing of the fintech's clients.

Pepperstone Markets Kenya Ltd, a subsidiary of Pepperstone Group Ltd, has now been granted a non-dealing Foreign Exchange Broker License by the Capital Markets Authority of Kenya.

Sahil Patel, Pepperstone Kenya CEO said: "We're extremely excited by the opportunity to bring world class trading platforms, execution and pricing to the vibrant retail and institutional forex market in Kenya. Having traded for international banks over the past decade, I am pleased to offer the same level of product sophistication, pricing, analysis and execution to retail investors as that received by a bank trading desk."

Pepperstone Group CEO Tamas Szabo commented: "Kenya is an important new region for us. It has become a renowned and well-regulated financial services hub in East Africa. The economy is highly developed and embodies entrepreneurship and growth. We very much look forward to doing business in Nairobi and working together with the local regulator and government to develop the industry in a sustainable manner."