Ipahco Ipahco
What the CMA licenses
Dealing online foreign exchange brokers
You go through it
A forex broker that takes the other side of your trade itself.
On the register as DEALING ONLINE FOREIGN EXCHANGE BROKER
What it is

A dealing broker quotes you a price and is itself your counterparty. When you buy, it sells to you from its own book.

That is the difference from the non-dealing licence, and it is worth understanding rather than assuming it is sinister: a dealing broker can fill you instantly because it does not have to find anyone else. It also means your loss is its gain on that trade, so how it manages that conflict is a fair question to ask.

How you deal with it

An online account with a licensed firm, funded in margin. Check the register first — a great many firms advertise to Kenyans and are licensed somewhere else, or nowhere.

The check is the whole point of this category existing. A firm licensed here answers to the CMA and to Kenyan courts; a firm licensed offshore, or not at all, leaves you with a dispute in a jurisdiction you cannot reach.

What the return is

No yield. Leveraged currency trading is a trading activity, not an investment that pays you for holding it, and the spread you cross on entry is a cost you start every position behind by.

Who holds this licence

The full list is on the regulator's own page, which is where it stays current.

See the live list at the CMA
You're offline — prices won't update until the connection is back.
A newer version of Ipahco is ready.
Install Ipahco

Opens like an app, straight to your dashboard.