This archive report was first published on 27 November 2019.
On November 27, 2019, Scope Markets, a licensed foreign currency trading platform, launched in Kenya, marking a significant milestone in the country's online trading space.
The platform, which has already opened over 1,000 accounts, aims to create a digital workforce built on a community of online traders.
According to Scope Markets, there is a remarkable interest from the youth in Kenya, who are seeking to diversify their alternative revenue options beyond trading in local shares and securities.
Scope Markets Kenya CEO Kevin Ng'ang'a emphasized the company's commitment to leading the way in the online forex trading space as an income-generating scheme and a means of job creation for the youth in the digital economy.
The company plans to train about 50,000 novice traders in currency dealings in the next two years, aiming to integrate more Kenyans into the fast-growing digital economy.
Ng'ang'a noted that the biggest gap in the trading space is the lack of information, and Scope Markets is dedicated to closing this gap through training and capacity building through mentorship.
As a licensed player, Scope Markets provides a trading platform for investors to trade forex, global shares, indices, and commodities online from the comfort of their mobile phones or PCs.
