CMA

The CMA (Capital Markets Authority) is Kenya's government body established to regulate and develop the capital markets, founded in 1989. The CMA is the strongest financial regulator in East Africa and an important licensing source for forex brokers focusing on the region. The CMA license is considered among the most respected Tier-2 regulations for brokers targeting the African continent. CMA-licensed brokers must meet standards including minimum capital requirements, segregated client accounts, and a client complaint mechanism.