The Capital Market Authority, CMA, of Kenya has granted the license to HotForex. This is an addition to the list of regulators who have already approved the functioning of HotForex in their respective countries.
HotForex’s approval by the Capital Market Authority of Kenya further strengthens the objectives of HotForex of offering the highest level of security to its clients who are spread across the globe.
Background
HotForex is a brand of The HF Market Group. Its history spans over a decade. HotForex has earned 55 international awards in its name within these ten years.
Its success can also be measured by the fact that it houses more than 2.5 million live trading accounts on its platform. This includes various individuals and institutional customers. HotForex facilitates trading in Forex and CFDs through the online mode.
The online trading platform is best known for its brilliant customer support. It offers tools and educational resources to the traders for assistance. All the resources are in addition to its innovative products and a wide variety of account types.
CMA Has Approved HotForex
A new feather in the cap was announced by the HF Markets Group itself. Its brand, HotForex, is now licensed under and regulated by the Capital Market Authority of Kenya. This adds a milestone to the success of HotForex.
It is already present in various countries with all the regulations and licenses in place. Approval by the Capital Market Authority adds to that list. It will now enable the traders to access the platform and trade their preferred products.
HotForex will carry a license number of 155 under the brand name HFM Investments Limited.
Other regulators who have approved the functioning of HotForex are the Financial Sector Conduct Authority of South Africa, Financial Services Commission of Mauritius, Cyprus Securities & Exchange Commission, Dubai Financial Services Authority, and Financial Conduct Authority in the United Kingdom.
All the approvals have come within the period of 10 years. This includes the approval of the Capital Market Authority of Kenya.
A spokesperson of HotForex came forward to comment on the occasion. The spokesperson said that the approval from the Capital Market Authority of Kenya marked another milestone in the life of HotForex and its success.
The spokesperson added that the brand was now truly global and multi-regulated, demonstrating its success which was made possible by all the partners and clients.
Dedicated efforts of all the members of the organization was a key factor in what HotForex had achieved so far, explained the Spokesperson.
HotForex is a global leader in the online trading of Forex and CFD. You can be a part of the ecosystem by joining the platform at any time and from anywhere, subject to the approval of your government.
However, it carries a risk of losing capital, and hence it may not be advisable for every investor to put in all their capital in the product.
Read this HotForex broker review to know if HotForex is the right platform for you.
Source: https://www.cryptonewsz.com/hotforex-granted-license-by-the-capital-market-authority-of-kenya/