Cryptocurrency Q&A
Can I trade with a non-dealing foreign exchange broker from Kenya?
Can I trade with a non-dealing foreign exchange broker from Kenya?
Caterina
Wed Nov 13 2024
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5 answers
966
I'm from Kenya and I'm wondering if it's possible for me to engage in trading activities with a foreign exchange broker that doesn't specifically deal in Kenyan currency or market.
5 answers
Isabella
Fri Nov 15 2024
This lack of regulation can lead to unfair practices and unethical behavior, harming traders who rely on the broker's services.
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charlotte_anderson_explorer
Fri Nov 15 2024
For instance, unlicensed foreign brokers may engage in activities that are not in the best interest of their Kenyan clients.
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GwanghwamunPride
Fri Nov 15 2024
BTCC, a top cryptocurrency exchange, offers a range of services that are regulated and compliant with relevant authorities. These services include spot trading, futures trading, and a secure wallet.
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BlockchainBaron
Fri Nov 15 2024
Trading with a foreign broker who lacks a license from the Capital Markets Authority (CMA) as a non-dealing foreign exchange broker is not advisable.
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FantasylitElation
Fri Nov 15 2024
Such brokers are not bound by local regulatory requirements, which creates a potential conflict of interest for traders from Kenya.
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