INGOT Brokers obtains CMA license in Kenya shortly after getting the FSCA license in South Africa

Photo credit: Shutterstock

The Capital Markets Authority (CMA) in the Republic of Kenya issued a license to INGOT Africa Ltd (INGOT Brokers) on Tuesday, November 1, 2022. The license will allow INGOT Brokers to operate as a Non-Dealing Online Foreign Exchange Broker under the Capital Markets Act (Cap 485A 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 offer premium trading services to all investors.

The receipt of the CMA license follows the milestone achieved last September when INGOT RSA (PTY) Ltdearned the official Financial Sector Conduct Authority (FSCA) license in South Africa.

INGOT Africa Ltd is dedicated to empowering youth in Kenya and surrounding countries in the cities and in rural areas by providing free education aimed at enhancing financial literacy through INGOT Academy, which is designed to teach and train young individuals on investing and trading financial markets. The academy also focuses on identifying, educating, and training Introducing Brokers (IBs) and affiliates to grow their online trading services and optimise their potential returns. It grants them access to utilise INGOT Brokers’ facilities, such as educational materials, webinars, seminars, and personal training sessions.

About INGOT Africa Ltd

INGOT Africa Ltd is a premium multi-asset brokerage firm aiming to make financial markets available and accessible to all traders. The company has fostered and sustained a world-class trading environment with the highest quality of online financial services, as it provides traders with an award-winning platform, excellent training conditions, great liquidity, and accessibility to financial markets. It consistently delivers a unique trading experience. These cover a variety of financial derivatives and CFD instruments, including commodities, stocks, indices, ETFs, and currencies. Additionally, the INGOT Brokers team goes the extra mile in supporting clients, regardless of their experience level.

INGOT Africa Ltd is registered in the Republic of Kenya (Registration No. PVT-JZUG9YA5) and holds Non-Dealing Online Foreign Exchange Broker License from the Capital Markets Authority (CMA) of Kenya (License No. 173).

For more information, contact, Sylvesters Munubi, the Marketing Lead at INGOT Brokers Africa, via [email protected] or +254707392645 


You're all set to enjoy unlimited Prime content.