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Exinity Group Receives CMA License from Kenya

Kenya’s CMA approved Exinity Capital East Africa Limited for a Non-Dealing Online Foreign Exchange Broker licence in Q4 2020. Learn what the licence covers, how to verify the Kenyan entity, and what it does—and does not—mean for customers.
From TheFinanceBase Team5 min to read
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Kenya’s Capital Markets Authority (CMA) approved a Non-Dealing Online Foreign Exchange Broker licence for Exinity Capital East Africa Limited in the fourth quarter of 2020. The Kenyan company received CMA licence number 135 and is registered as PVT-ZQU6JE7. The Kenyan-facing service is currently associated with the FXTM brand.

The approval is often described as Exinity Group receiving a Kenyan licence, but that wording is shorthand. The regulated legal entity is the Kenyan subsidiary, Exinity Capital East Africa Limited. Exinity later announced plans to launch its Kenyan operations under the Exinity brand in 2021.

What the CMA approved

The CMA’s Q4 2020 statistical bulletin records the approval of a Non-Dealing Online Foreign Exchange Broker licence for Exinity Capital East Africa Limited. The authority’s archived media page used the wording: “CMA approves grant of a Non-Dealing Online Foreign Exchange Broker License to Exinity Capital East Africa Ltd.”

The licence was issued under Kenya’s capital-markets framework, including the Capital Markets Act and the Capital Markets (Online Foreign Exchange Trading) Regulations, 2017.

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Detail Information
Regulator Kenya’s Capital Markets Authority
Licensed entity Exinity Capital East Africa Limited
Licence type Non-Dealing Online Foreign Exchange Broker
CMA licence number 135
Kenyan registration number PVT-ZQU6JE7
Approval period Q4 2020
Current associated brand in Kenya FXTM

The company remains listed in the CMA’s online register as an Online Foreign Exchange Broker.

Why the announcement referred to Exinity Group

Exinity Group is the wider corporate group, while Exinity Capital East Africa Limited is the specific Kenyan company named on the CMA licence. This distinction matters when checking who is responsible for a client account or service.

A licence issued to the Kenyan subsidiary should not automatically be treated as approval for every Exinity company, product or brand worldwide. Different group entities may have different licences, legal terms and regulators. Current FXTM legal material for Kenya states that references to “FXTM” or “the Company” mean Exinity Capital East Africa Limited.

What happened after the approval

In its contemporaneous announcement, Exinity said it intended to launch its Kenyan operations under the Exinity brand in 2021. The announcement named Duncan Kinuthia as Country Manager of Exinity Capital East Africa.

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The planned offering included access to global financial markets, educational support, personal assistance, a mobile application aimed at newer traders and MetaTrader-based services for more experienced traders. Those were launch plans and should not be read as confirmation that every product, feature or pricing term remains available today.

The Kenyan-facing service is now presented through FXTM. Its website identifies Exinity Capital East Africa Limited as the CMA-regulated entity and repeats licence number 135 and registration number PVT-ZQU6JE7.

Was Exinity the fourth licensed forex broker in Kenya?

Yes, but only in the historical context of the Q4 2020 approval. At that time, Exinity Capital East Africa became the fourth non-dealing online foreign-exchange broker licensed by the CMA, according to the authority’s Q4 2020 soundness report.

The three other brokers identified in the report were:

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  1. EGM Securities Limited
  2. SCFM Limited
  3. Pepperstone Markets Kenya Limited

That statement should not be used to describe the current market. The CMA’s online register now contains substantially more licensed online forex brokers, including firms with licence numbers above 200.

What the licence means for Kenyan customers

The CMA licence indicates that the named Kenyan company is authorised for the specified online foreign-exchange brokerage activity. It gives customers an important starting point when checking whether they are dealing with a regulated local entity.

It does not guarantee profits, protect a customer from every loss or make leveraged trading suitable for everyone. FXTM’s current Kenyan website warns that leveraged financial instruments can result in the loss of invested capital.

“Non-dealing” also does not mean risk-free or fee-free. The classification describes the broker’s regulatory and execution model. It does not establish that there are no spreads, commissions, other charges or conflicts, nor does it confirm that historical promotional terms are still offered.

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How to verify the licence before opening an account

A customer can use the CMA’s register and the broker’s current legal documents rather than relying only on advertising.

  1. Find the legal entity. Confirm that the documents name Exinity Capital East Africa Limited, not merely Exinity Group or another overseas company.
  2. Check the licence number. The Kenyan entity’s CMA licence number is 135.
  3. Compare the registration number. The Kenyan company number is PVT-ZQU6JE7.
  4. Read the client agreement. Check which entity contracts with you, where complaints should be sent, and which fees and trading conditions apply.
  5. Confirm the current brand and website. The Kenyan-facing operation is currently associated with FXTM, but customers should still verify the website address and legal footer before depositing funds.
  6. Review the risk warning. Understand margin requirements, leverage, liquidation rules, spreads, commissions and the possibility of losing the invested capital.

The CMA register displays a Nairobi postal address of P.O. Box 50719-00200, Nairobi. Exinity’s corporate website has displayed a different postal address, while more recent client-agreement material identifies Kiganjo House, Rose Avenue, Kilimani, P.O. Box 50719-00200, Nairobi. For address-sensitive matters, the CMA register and the latest applicable legal agreement are the safer references.

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Key distinction: approval date versus launch date

Reports that say Exinity “received the licence in 2021” are imprecise. The CMA’s own Q4 2020 bulletin records the approval during the fourth quarter of 2020. The year 2021 relates to Exinity’s announced plan to launch its Kenyan operations, not the date recorded for the regulatory approval.

FAQ

Is Exinity Group licensed by Kenya’s CMA?

The precise legal answer is that Exinity Capital East Africa Limited, a Kenyan subsidiary, holds CMA licence number 135. Saying that Exinity Group is licensed is a convenient shorthand, but the licence belongs to the subsidiary and applies to the regulated activity named by the CMA.

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  • ✅【Sturdy & Protective】 :Made of sturdy metal, it can support up to 17.6 lbs (8kg) weight on top; With 2 rubber mats on the hook and anti-skid silicone pads on top & bottom, it can secure your laptop in place and maximum protect your device from scratches and sliding. Moreover, smooth edges will never hurt your hands.
  • ✅【Heat Dissipation】 :The top of the laptop stand is designed with multiple ventilation holes. The open design offers greater ventilation and more airflow to cool your laptop during operation other than it just lays flat on the table.
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When did Exinity receive its Kenyan forex licence?

The CMA approved the Non-Dealing Online Foreign Exchange Broker licence in Q4 2020. Exinity announced plans to launch its Kenyan operations under the Exinity brand in 2021.

What company number belongs to Exinity Capital East Africa Limited?

The Kenyan registration number is PVT-ZQU6JE7.

Does the licence guarantee that traders will make money?

No. A regulatory licence does not guarantee returns or remove the risks of leveraged forex trading. Customers can lose invested capital and should review the current risk disclosure, fees and trading terms before depositing money.

What brand operates under the Kenyan Exinity licence?

The Kenyan-facing operation is currently associated with FXTM. Current legal documents identify Exinity Capital East Africa Limited as the company behind the relevant Kenyan service.

The Bottom Line

Kenya’s CMA approved Exinity Capital East Africa Limited as a Non-Dealing Online Foreign Exchange Broker in Q4 2020. The company holds licence number 135 and registration number PVT-ZQU6JE7. Exinity Group is the wider corporate name; the regulated Kenyan entity is the subsidiary. The approval supports regulatory verification, but it is not a promise of safety, fee-free trading or profits, and customers should check the current FXTM legal agreement and CMA register before opening an account.

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