51 Capital Chief Executive Joe Kariuki (right) clutches on the award

51 Capital, a Kenyan online forex trading company has been ranked the second-best in Africa.

The online trading vehicle under the Candy and Candy stable emerged second in a poll done by Australian forex broker IC Markets.

IC Markets’ poll recognized 51 Capital in a packed pool of high-flying forex trading entities across Africa as well as across the Mediterranean. 

South Africa’s, Sandile Shezi emerged overall winner slightly edging out 51 Capital owned by city businessman Joe Kariuki.

The winner walked away with £20,000 ( Ksh2.6 million) as prize money while 51 Capital bagged £15,000 (Ksh1.9 million) for emerging runners up.

Other traders ranked among the top 10 include; Uche ParaGon of Lagos, Nigeria, Forex ACA Ltd of Accra, Ghana, Forex Tunisia Ltd of Tunis, Tunisia and Arab Forex of Cairo, Egypt in the competition that run from Mid-May to November. 

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This sleek group formed what emerged as the top 10 traders from a pool of hundreds of traders and the competition involved trading a £200,000 (Ksh23.6 million) fund. 

Speaking to the press, an elated Joe Kariuki expressed his gratitude and extreme delight at the win. 

“I have been toiling hard at this new venture and to get such a huge honor so soon, to get recognized so fast and by such a reputable firm is beyond humbling,” said Kariuki while addressing journalists ” We want to make 51 Capital the most reputable forex trading company in Africa. Give me a couple of years,’

Kariuki also expressed his delight at the pace he has seen 51 Capital grow and the massive gains they have managed to make within several months. 

‘51 capital also emerged 2nd in the best trainers category. This involved each trader to front 10 trainees to participate in the competition. Traders from Cairo, Egypt emerged victorious. They scored a profit ratio of 85%. as we scored 83%.” said Kariuki

While accepting the award, which was sent in from Sydney on Friday last week, the CEO promised to help more Kenyans learn to trade Forex, advance capital to the best traders and also promised to open an office office in Nairobi’s Central Business District to strengthen the company’s presence.

See Also: Earning in Foreign Currency? Tips in Cutting Forex Losses

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Samuel Gitonga is a senior reporter at BUSINESS TODAY. Email: [email protected]

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