Broker Watch
New broker licences, regulator warnings and rule changes, newest first. Every entry links to its official source.
Broker Watch has 5 entries on forex licences, warnings and rule changes. The latest, from 29 Oct 2026: CMA lists two dealing forex brokers: Capital.com and Empire FX.
Besides the 14 non-dealing brokers, the CMA register lists two dealing online forex brokers: Empire FX Trade Limited (licence 203) and CC Kenya Securities Limited, trading as Capital.com (licence 244). A dealing broker can take the other side of your trades.
Source: CMA list of dealing online forex brokers →From FXPesa (licence 107) to AvaTrade Kenya (licence 262). Every Kenya status on this site is matched to this list.
Source: CMA list of licensees →The draft covers offshore brokers that serve Nigerians, sets capital rules for introducing brokers and requires SEC approval for ads. It is a proposal, not yet in force.
Source: Nairametrics →The FSCA withdrew the licence of Banxso (Pty) Ltd (FSP 37699) and imposed a R2 billion administrative penalty after finding that client money was mixed with company money and misused. Its investigation started from deepfake ads for a scheme called Immediate Matrix. The Western Cape High Court placed Banxso in final liquidation in March 2026. Do not open an account with Banxso or anyone using its name.
Source: Moonstone: FSCA penalties report (Aug 2026) →The CMA has ordered unlicensed online forex brokers to stop onboarding Kenyan investors and says offshore firms advertising locally without a licence act illegally.
Source: CMA cautionary statement →