Broker comparison · Checked 25 Oct 2026
Exness vs Deriv: licences in Kenya and South Africa
Deriv is popular in Kenya and Nigeria but holds no CMA or FSCA licence.
Exness vs Deriv at a glance
| Exness | Deriv | |
|---|---|---|
| 🇰🇪 Kenya (CMA) | 162Exness KE Limited | Not licensed |
| 🇿🇦 South Africa (FSCA) | FSP 51024Exness ZA (Pty) LtdExness ZA is an intermediary. Both Exness (SC) Ltd and Exness Markets ZA (Pty) Ltd are approved OTC derivative providers (ODPs) on the FSCA list of OTC derivative providers, checked 25 Oct 2026. Check which of them issues your CFDs. | Not licensedDeriv is not authorised by the FSCA. Clients outside the EU and UAE are served by offshore companies, some with no named regulator. |
| M-Pesa (Kenya) | Yes | Not confirmed |
| Also regulated by | — | MFSA (Malta, EU clients only), Labuan FSA (Malaysia), VFSC (Vanuatu), BVI FSC, FSC (Mauritius) |
| Full review | Exness review → | Deriv review → |
Licence data from the CMA register and the FSCA FAIS register. Always confirm on the regulator's own site before you deposit.
Which should you choose?
In Kenya, only Exness holds a CMA licence. With Deriv you would deal with a company outside CMA protection.
In South Africa, only Exness holds an FSCA licence. With Deriv you would deal with a company outside FSCA protection.
Buttons appear only where the broker holds a local licence. Some links are affiliate links; see our disclosure. Our real-money tests of fees and withdrawal times will be added to this page.
Questions people ask
Is Exness or Deriv regulated in Kenya?
In Kenya, only Exness holds a CMA licence. With Deriv you would deal with a company outside CMA protection.
Is Exness or Deriv regulated in South Africa?
In South Africa, only Exness holds an FSCA licence. With Deriv you would deal with a company outside FSCA protection.
Which is safer, Exness or Deriv?
Safety starts with the licence in your own country: a CMA licence in Kenya or an FSCA licence in South Africa gives you a local regulator to complain to. Neither licence protects you from trading losses; most retail CFD accounts lose money.