Exinity Capital East Africa Limited has expanded its business footprint in Kenya with the launch of its first product, Exinity Trader.
Exinity Trader is the first of Exinity’s products to launch in Kenya and will be followed in early 2022 by its flagship mobile app Exinity World.
Backed by over 20 years of experience in trading and investment, the company says Exinity Trader will simplify risk-driven trading and investing, enabling a greater number of individuals in the region to participate in trading and investment opportunities across markets and asset classes.
The firm says Kenya is leading the way in technology, innovation by making more affordable smartphones available and enhancing internet connectivity.
“When it comes to increased retail trading and investing, Kenya is the third-largest forex trading market in Africa in terms of daily trading volume and number of trades,” Duncan Kinyata, CEO, Exinity Kenya said during the launch.
“We hope to be the ‘Wealth Engine’ for our clients by providing them access to wealth-building opportunities, and most importantly equipping them with the knowledge, skills and support they need to become empowered traders.”
Lex Webster, Co-CEO of Exinity Group, said, “The new generation of investors and traders needs financial tools that provide them with a frictionless experience, support their financial literacy, and help them grow their wealth.”
Exinity Trader leverages the popular MetaTrader platform with its advanced features and analytical tools. Users of Exinity Trader have access to global markets including equities, forex, indices and commodities from a single account
Exinity Capital East Africa Limited was the fourth non-dealing online foreign exchange broker to be licensed by the Capital Markets Authority in 2020.
Non- dealing Online Forex brokers do not offer client advice or trade on behalf of their clients. Clients deposit their investment amount with an account to be offered by the broker.
The other four CMA-licensed non-dealing online foreign exchange brokers are EGM Securities Limited (trading as “FXPesa”), SCFM Limited (trading as “Scope Markets”), and Pepperstone Markets Kenya Limited .