XM has obtained a license from the Capital Markets Authority in Kenya. The company said the approval supports its expansion in Africa and allows it to operate under local regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term.

Earlier, XM expanded in the Middle East with a Category 5 licence from the Securities and Commodities Authority in the United Arab Emirates. That licence permits promotion of products and client referrals but does not allow holding client funds or executing trades, which require a Category 1 licence.

XM also operates under the Dubai Financial Services Authority and holds licences in Cyprus, Belize, Seychelles, Mauritius, and South Africa.

XM Expands Services Under Kenyan Regulation

The CMA licence allows XM to provide trading services to Kenyan clients under regulator oversight. The company said it reflects its intention to operate within established regulatory standards and align with Kenya’s financial framework.

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Menelaos Menelaou, co-Chief Executive Officer of XM, said, “Kenya represents a dynamic and rapidly growing financial market.” He added that the company will provide services “under a robust, locally recognized regulatory framework.”

XM Secures CMA License, Strengthening Its Regulatory Footprint in Kenya #crypto #trading #forexhttps://t.co/sbTOXEqNwq

— Today news (@newstarebhtoday) February 24, 2026

Local Website Launches, Expands Trading Offerings

XM said the license enables expansion of its local presence and access to more than 1,400 financial instruments. Kenyan clients can access trading products, educational materials, and customer support under CMA supervision.

The broker launched a dedicated Kenyan website, xm.ke, allowing clients to onboard and access trading services. XM said its offering will include fast execution, leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term options, promotional bonuses, and a range of trading tools, subject to local regulations.

XM serves more than 15 million clients globally. The company did not disclose financial details of the Kenyan licence or plans for further regional expansion.