The rapidly growing of the forex market in Africa has attracted Pepperstone to penetrate the Kenyan market. Interestingly, this new development coincides with their 10th year anniversary.
Pepperstone, a global online forex and CFD broker, has announced its entry into the Kenyan forex market. The Kenyan Capital Markets Authority has acquired a non-traded foreign broker license from the Pepperstone group subsidiary, Pepperstone Markets Kenya Ltd. Pepperstone offers more than 170 tradable instruments to more than 89,000 clients worldwide via MT4, MT5, and cTrader platforms.
Sahil Patel, CEO of Pepperstone Kenya, responded that his company is thrilled to introduce world-class trading, operating, and pricing platforms to Kenya's vibrant retail and forex market. Having worked with international banks for the past decade, he feels delighted to be able to offer retail investors the same level of complexity in terms of product price analysis and operation as the commercial division of the bank.
A Decade of Pepperstone
Pepperstone's expansion in this African country coincides with one decade anniversary of Pepperstone's operation. This decision is also part of global brokerage development plans, to serve FinTech clients more efficiently and directly. In early June, Pepperstone also opened a new DFSA office in Dubai expanding its global fintech offering.
Patel stated, "Ultimately what sets us apart from the competition is our commitment to our customers and our excellent service. We have modeled our product line to provide our traders with all the tools in-depth market knowledge and customer service they need to succeed on their trading journey."
Tamás Szabo CEO of Pepperstone Group added, "Kenya is an important new region for us. It has become a well-known and regulated financial services center in East Africa. The economy is highly developed and embodies entrepreneurship and growth We look forward to doing business in Nairobi and working with the regulator and local government to ensure the sustainability of the industry."
Often dubbed as the biggest forex broker in Australia, Pepperstone is not only facilitating trades on many assets on extremely low cost but also licensed services. Forex trading with with razor thin spread and no dealing desk are among the many advantages one can enjoy from this broker. Learn more about Pepperstone.