Financial and Business News

XM Secures Kenya CMA License Following Dubai Category 5 Approval

Tuesday, 24/02/2026 | 12:15 GMT by Tareq Sikder
  • CMA license allows XM to offer trading, education, and support to Kenyan clients.
  • The broker also maintains regulatory licences in Cyprus, Belize, Seychelles, Mauritius, and South Africa.
XM

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 .

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.

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.”

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 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.

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 .

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.

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.”

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 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.

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About the Author: Tareq Sikder
Tareq Sikder
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A Forex technical analyst and writer who has been engaged in financial writing for 12 years.

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