Broker comparison · Checked 25 Oct 2026
Vantage Markets vs Exness: licences in Kenya and South Africa
Vantage is FSCA-licensed but not on the CMA register; Exness holds both.
Vantage Markets vs Exness at a glance
| Vantage Markets | Exness | |
|---|---|---|
| 🇰🇪 Kenya (CMA) | Not licensed | 162Exness KE Limited |
| 🇿🇦 South Africa (FSCA) | FSP 51268Vantage Markets (Pty) Ltd | 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. |
| M-Pesa (Kenya) | Not confirmed | Yes |
| Also regulated by | — | — |
| Full review | Vantage Markets review → | Exness 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 Vantage Markets you would deal with a company outside CMA protection.
In South Africa, both Vantage Markets and Exness hold FSCA licences, so the choice comes down to costs, platform and deposit methods. Open your account with the local company shown below.
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 Vantage Markets or Exness regulated in Kenya?
In Kenya, only Exness holds a CMA licence. With Vantage Markets you would deal with a company outside CMA protection.
Is Vantage Markets or Exness regulated in South Africa?
In South Africa, both Vantage Markets and Exness hold FSCA licences, so the choice comes down to costs, platform and deposit methods. Open your account with the local company shown below.
Which is safer, Vantage Markets or Exness?
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.