Two firms get online forex trade licence

Capital Markets Authority (CMA) CEO Wyckliffe Shamiah. FILE PHOTO | NMG

Two foreign exchange service providers Tadenex Limited and Tradesense Limited have been licensed by the Capital Markets Authority (CMA), bringing the number of licensed online forex trading brokers to seven and money managers to two.

Tadenex Limited has been licensed to operate as a non-dealing online foreign exchange trading broker while Tradesense Limited will operate as a money manager under the regulation of the CMA.

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