XM Secures CMA License, Strengthening Its Regulatory Footprint in Kenya

Global online broker XM, which serves over 15 million clients worldwide, has received a license from Kenya’s Capital Markets Authority (CMA). The license marks a significant step in the broker’s push into Africa and underscores its commitment to operating under local regulatory standards.

With the CMA authorization, XM can now offer Kenyan traders direct access to its platform, which includes more than 1,400 financial instruments, educational resources, and dedicated support. The firm will operate through a locally tailored website, xm.ke, designed to provide a seamless onboarding experience.

“Kenya represents a dynamic and rapidly growing financial market, and receiving authorization from the CMA is a testament to our commitment to regulatory excellence and market leadership,” said Menelaos Menelaou, co-CEO of XM. “We are proud to enhance our presence in Kenya, providing local traders with direct access to our world-class ecosystem of products and award-winning services under a robust, locally recognized regulatory framework.”

The license requires XM to adhere to compliance and investor protection rules set by the Kenyan regulator. The broker will offer services including fast execution, stable leverage, and promotional bonuses (subject to regional eligibility) to local clients.

XM, founded over 15 years ago, holds multiple international licenses and provides trading in forex, CFDs, and other derivatives. The company warns that such instruments carry high risk and that retail investors may lose money rapidly due to leverage.