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Regulatory Compliance and Security: Why HFM is a Top Choice for Kenyan Traders
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The broker also offers affiliate programmes, and passive investment options. As a result of this comprehensive offering HFM is the preferred broker amongst most traders in Kenya.
HFM regulation and security for Kenyan traders
Forex trading is authorised in Kenya. There are a number of large international brokers whose services are available to citizens of the country. Financial institutions in the country are governed by the Capital Markets Authority (CMA).
The activities of brokers are not significantly limited by the CMA. Anyone can engage in asset trading. The automated Stop Loss and trading volume caps are optional. Trading with leverage is allowed.
HFM Kenya is part of the HF Markets Group and was founded in 2010 after receiving its registration in Saint Vincent and the Grenadines. 22747 IBC 2015 is the registration number for the broker’s licencing.
Any and all commercial, financial, and trade operations fall under the purview of the company's licence. Brokerage services, as well as lending, borrowing, and customer service, as well as involvement in other businesses, are all permitted under the terms of this licence.
HFM Kenya is also qualified to instruct clients on how to trade forex, commodities, indices, contracts for difference (CFDs), and other financial instruments, and to manage client accounts. Several authorities oversee the company's operations:
- FCA (UK Financial Conduct Authority, 801701)
- DFSA (Dubai Financial Services Authority, F004885)
- FSCA (South African Financial Services Authority, 46632)
- FSA (Seychelles Financial Services Authority, SD015)
- CMA Capital Markets Authority (Kenya, 155)
As such, HFM Kenya is regulated by the CMA to provide fully legal and authorised financial trading services to traders in Kenya.
HFM trading conditions for Kenyan traders
If you're a Kenyan trader, HFM is a great choice. The broker meets all standards set by the local regulation and provides favourable trading circumstances.
Each customer has a wide variety of account options from which to select the one that best suits their needs. In addition, there is a remarkable selection of analytical tools available, the application of which greatly enhances the standard of trading.
The broker has also placed a strong emphasis on providing resources for both inexperienced and seasoned traders. In addition to the already favourable trading circumstances, the availability of large bonuses and free VPS (Virtual Private Server) for seamless and efficient trading regardless of the quality of the internet connection is a welcome plus.
Trading terminals, including mobile versions, are another service the organisation offers.
The HFM website has a lot of useful information and is simple to use. Accessing all of the content is simple and quick, even for first-time visitors to the resource.
Additionally, assistance is available 24/5 from the support staff. HFM's active traders can take advantage of the broker's rebate service, which is based on the spread.
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