African Forex Brokers

African Forex Brokers – Forex trading is popular everywhere around the world, including in Africa. The Forex market has a higher daily turnover than any stock market in the world and is far more liquid. In addition, brokers have also started allowing clients to open accounts in local African currencies.

FSCA – Financial Sector Conduct Authority

The Financial Sector Conduct Authority is a financial institutions regulator and a successor agency to the Financial Services Board (South Africa) in South Africa. The Financial Sector Conduct Authority (FSCA) is the only regulatory body for financial institutions in South Africa which include banks, retirement funds, administrators, insurers, and market infrastructures. It was established in 1991 as the Financial Services Board (FSB), and its jurisdiction has expanded over the years to include more entities. The FSCA is a well-known and respected authority in Africa, as it aims to ensures client safety. Due to its strict guidelines, less than 100 brokers have been able to obtain this prestigious license to date.

CMA – Capital Markets Authority

The Capital Markets Authority is an independent public agency established by an Act of Parliament, the Capital Markets Act (Cap 485A) Laws of Kenya under the National Treasury. The Authority came into being on December 15, 1989 when the Act was passed and was inaugurated in March 1990. The Capital Markets Authority of Kenya, also known as Capital Markets Authority (CMA) in short, is an independent government financial regulatory agency responsible for supervising, licensing and monitoring the activities of market intermediaries, including the stock exchange, and the central depository and settlement system and all the other persons licensed under the Capital Markets Act of Kenya.

African Forex Brokers