Admirals announced that it has been licensed by the Capital Markets Authority (also known as CMA) in Kenya to operate as a non-trading foreign exchange broker.。This development is crucial as it gives joint ventures access to regulated markets in Africa.。
Admiral is a secure trading platform。The group is regulated in all regions and licensed under the license of the Estonian Financial Supervisory Authority EFSA and various other groups.。It has a simple registration process and can create an account by email or phone number。Traders can start trading directly on Admirals via their Facebook and / or Gmail accounts。
Every Admirals Markets review praises the platform for its wealth of educational resources。They were also supplemented by webinars, the latest news and blogs posted by traders。
According to an official release from the CMA, under the Capital Markets (Licensing Requirements) (General) Regulations 2002, they allow four companies to obtain licenses.。However, a licence has been granted under the Capital Markets (Online Forex Trading) Regulations 2017.。Admirals Kenya Limited has been licensed to operate as a non-trading online forex broker。
A statement issued by Admirals wrote that it hoped the development would help the company grow in the African region.。Admirals got the CMA's licence six months after getting permission from the Financial Sector Conduct Authority。The latter allows the joint venture to offer CFD execution and stock trading options.。Admirals Group has now opened an office in Cape Town, a move in line with its plans to expand in the African region.。It will also help Admirals support its growing customer base.。
According to the latest news, as Admirals is licensed to trade forex spreads, it will serve as a link between the forex market and customers.。However, the Admiral himself cannot participate in trading or market-making activities。However, if a person wants to participate fully in the market then they can access our list of regulated forex brokers in Kenya。
In addition, under the Capital Markets (Online Foreign Exchange Trading) Regulations 2017, the Authority also authorizes Admirals Kenya Limited to act as a non-trading online foreign exchange trading broker.。Admirals Kenya Limited will act as a link between the client and the Forex market in exchange for a spread commission, but will not participate in market making activities。
In addition, plans to acquire Aglobe Investments Limited are in the pipeline through agreements signed with its Cypriot and South African subsidiaries.。Admirals' recent partnerships include a tie-up with TipTank aimed at improving the research capabilities of its traders.。The partnership allows traders unlimited access to analyst consensus ratings and price targets for stocks, helping traders make data-driven decisions for trading.。