VCG Markets Receives Kenyan Licence in Expanding its East African Retail Footprint

Tuesday, 10/11/2026 | 16:36 GMT by Tanya Chepkova
  • VCG Markets says its Kenyan entity has received approval to offer online forex and CFD trading as a non-dealing broker.
  • The group plans to bring its mobile app to Kenyan clients but has not announced when onboarding will begin.
Kenya
Capital.com enters Kenya. Photo: Kenyan flag

VCG Markets has secured regulatory approval for a non-dealing online forex brokerage in Kenya, joining a growing list of international brokers establishing a regulated presence across East Africa’s primary financial hub.

“We are investing locally and bringing the VCG Mobile App, our flagship trading platform, to Kenyan investors,” said Brian Myers, Group CEO of VCG Markets.

What the Kenyan Licence Covers

Kenya has regulated online forex trading under a dedicated framework since 2017. The Capital Markets Authority (CMA) authorisation enables the group to offer online forex and contract-for-difference (CFD) products through an intermediary model.

Obtaining the regulatory approval requires local incorporation, segregated accounts, and a minimum capital buffer of KES 30 million ($231,000).

VCG said the approval applies exclusively to VCG Markets Limited and the activities covered by its authorisation. It does not extend to every entity or product within the group.

As of 10 November, VCG Markets Limited was not listed in the CMA’s public register of non-dealing forex brokers, and the broker’s regulatory disclosures did not yet include Kenya.

VCG Follows Other Brokers into Kenya

VCG had identified Kenya as a target market in July, when Finance Magnates reported its Seychelles licence. It now plans to bring its mobile app, launched in 2024, to Kenyan clients under the new local authorisation.

Other international brokers received CMA approvals earlier this year. XM announced a non-dealing licence in February through TPXMGLOBAL Kenya Limited. Capital.com secured a dealing licence in January, allowing it to act as counterparty to client trades.

VCG’s announced licence does not cover that function. VCG has not said when its Kenyan entity will begin accepting clients. That remains the next step between regulatory approval and a local launch.

VCG Markets has secured regulatory approval for a non-dealing online forex brokerage in Kenya, joining a growing list of international brokers establishing a regulated presence across East Africa’s primary financial hub.

“We are investing locally and bringing the VCG Mobile App, our flagship trading platform, to Kenyan investors,” said Brian Myers, Group CEO of VCG Markets.

What the Kenyan Licence Covers

Kenya has regulated online forex trading under a dedicated framework since 2017. The Capital Markets Authority (CMA) authorisation enables the group to offer online forex and contract-for-difference (CFD) products through an intermediary model.

Obtaining the regulatory approval requires local incorporation, segregated accounts, and a minimum capital buffer of KES 30 million ($231,000).

VCG said the approval applies exclusively to VCG Markets Limited and the activities covered by its authorisation. It does not extend to every entity or product within the group.

As of 10 November, VCG Markets Limited was not listed in the CMA’s public register of non-dealing forex brokers, and the broker’s regulatory disclosures did not yet include Kenya.

VCG Follows Other Brokers into Kenya

VCG had identified Kenya as a target market in July, when Finance Magnates reported its Seychelles licence. It now plans to bring its mobile app, launched in 2024, to Kenyan clients under the new local authorisation.

Other international brokers received CMA approvals earlier this year. XM announced a non-dealing licence in February through TPXMGLOBAL Kenya Limited. Capital.com secured a dealing licence in January, allowing it to act as counterparty to client trades.

VCG’s announced licence does not cover that function. VCG has not said when its Kenyan entity will begin accepting clients. That remains the next step between regulatory approval and a local launch.

About the Author: Tanya Chepkova
Tanya Chepkova
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About the Author: Tanya Chepkova
Tanya Chepkova is a News Editor at Finance Magnates with more than 16 years of experience in financial journalism, covering forex, crypto, and digital asset markets. Her work spans daily industry reporting and data-driven, long-form explainers focused on market structure, trading models, and regulatory shifts. Before joining Finance Magnates, she led the editorial team of a cryptocurrency-focused media outlet for six years. Her reporting combines analytical depth with clear storytelling, with particular attention to how structural changes in trading, stablecoin infrastructure, and emerging products such as prediction markets reshape the broader financial ecosystem. She covers global developments and provides additional insight into CIS markets. Areas of Coverage: Crypto and digital asset markets Prediction markets Stablecoins and cross-border payments Industry analysis and long-form explainers
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