UK’s Execution Point Limited has been approved and granted an operating license by Kenya’s Capital Markets Authority as the country’s first Online Foreign Exchange Broker.

The firm has been issued with a non-dealing online foreign exchange broker license therefore it will act as a marketplace connecting clients to licensed foreign exchange buyers and sellers in return for a commission.

As a non-dealing Online Forex Broker, Execution Point Limited will connect clients to sellers or buyers online or via mobile devices locally or internationally. It can’t trade or offer advice on what to buy or sell. All execution is done by clients and traders and Execution Point lets the speculation of one currency price against another currency to the discretion of the traders.