Popular YouTuber and entrepreneur Robert Ndegwa Kamau, also known as Thee Pluto, has called for the legitimisation of the forex market in Kenya.
In a video shared on his official Instagram account on Wednesday night, January 7, 2026, Pluto said that it is time for the industry to be properly recognised so that people start to see it as legitimate with positive aspects.
He highlighted that proper regulation and formal recognition would protect investors and give more credibility to forex trading as a viable financial activity.
According to him, the lack of clear rules has left many people sceptical about participating, even though the market offers legitimate growth opportunities.
“Let us legitimise the forex market. For the longest time, the forex market inahitaji kuwa legitimised and people have seen it in a direction whereby they actually feel the market is legitimate and has good things,” Thee Pluto said.
Thee Pluto’s call comes amid debates about the legitimacy of forex trading in Kenya.
Mosiria on forex trading
On Thursday, January 1, 2026, Nairobi’s Citizen Engagement and Customer Service CEC Geoffrey Mosiria sent a warning to people claiming to earn their living from forex trading, saying they risked tarnishing the reputation of genuine traders.
“I had recently talked about issues in forex trading. There are some youths who are genuinely doing it, for example, one I have here named Manka FX,” he said
Mosiria expressed concern about those who do not understand how forex accounts work but spend their time flaunting expensive lifestyles in clubs, buying costly drinks, and drawing others into a desire for the same flashy life.
“But now there are others who do not even know how a forex account works, yet their work is to hang out in the streets and in clubs, showing off expensive items. They buy costly drinks and make other youths desire the same lifestyle. These are the ones I am addressing,” Mosiria said.
He said these youths are giving a false impression of success while engaging in illegal practices, including gaining access to other people’s accounts and transferring money to themselves.
“Some gain access to other people’s accounts and transfer money to themselves, tarnishing the names of genuine forex traders. Even I have been shown how to trade forex by these people,” Mosiria lamented.
