简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:The trading industry is filled with all kinds of different products, assets, investment vehicles, and alike. But, out of all of them, forex is by far the largest and most liquid. Forex, or foreign exchange, became even bigger during the COVID-19 pandemic which has now been ongoing for over a year and a half.
Brokers started seeing a large increase in demand for forex among individual traders, and they quickly jumped on the opportunity to grant them access to this asset class. This interest in forex surged all over the world, including African countries. In fact, the African capital markets have seen a major expansion since the last decade, partially due to the growing interest from retail investors, and partially due to the moderately steady economies.
South Africa and Kenya have seen the highest interest, judging by the retail trading volume measured over the last five years. Kenyas online forex trading market has particularly impressed, going up by an incredible 80%, which allowed one broker to cement its position and dominance in the country.
The broker in question is SuperForex, which actually offers a wide variety of trading instruments offered to customers. Users can make different portfolios, combining over 300 currency pairs, cryptocurrencies, stocks, stock indices, CFDs, options, futures, commodities, and alike.
The company has received multiple awards for its proficiency in running the brokerage, which allowed it to take up a leadingposition in the country. It also developed a mobile app that makes it easy for users to trade and invest on the go, with a full range of functionalities that will serve novices and professional investors and traders alike.
It allows users to make deposits and withdrawals using the M-Pesa payment system, and the account can be easily opened via the Kenyan shilling.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
A 73-year-old businessman in Malaysia has suffered a financial loss of RM704,000 after falling prey to a fraudulent investment scheme promoted on WhatsApp.
EightCap, is a global forex broker launched in 2009. It was established in Melbourne, Australia. This broker offers its global traders various market instruments. In today’s article, we will show you whether Eightcap is still a reliable broker in 2024.
Interest rates are one of the most influential factors in the forex market, shaping currency values and driving trader decisions. When central banks adjust interest rates, they send ripples through global markets. Understanding how these changes impact currency movements is crucial for forex traders aiming to stay ahead of market trends.
A crypto trader turned $27 into $52M through PEPE memecoin, proving the massive potential—and risks—of investing in volatile cryptocurrencies.