The company also fully complies with the regulatory framework of the European Securities and Markets Authority ESMA. When signing up with easyMarkets, Kenya-based clients will be able to access unique risk trading tools, aimed to improve their overall experience and bolster their confidence. One such tool is the dealCancellation option. easyMarkets dealCancellation is an innovative tool that allows Forex traders to cancel a losing position for a certain fee within a particular time period 1, 3, or 6 hours.

dealCancellation can be used quite efficiently during major economic or political events when some brokerages increase margins, as well as in other cases when market volatility may heighten. In the Open Trades Report section, the trader will be able to view which positions have the dealCancellation feature activated.

This is another unique feature, offered by easyMarkets, which enables traders to freeze the current price quote on their screen. Then, they will be granted several seconds to perform a trade. Such a tool can be quite useful when trading Forex, especially prior to announcements by central banks or politicians, as well as before volatility-inducing macroeconomic reports GDP, Non-Farm Payrolls, Core PCE Inflation are released. Freeze Rate can also be valuable when trading Cryptocurrencies, a market segment characterized by extreme volatility.

Traders now have a 3-second time window to Sell or to Buy the instrument. The freeze duration will be visualized by a bar. Since trading CFDs on leverage may result in a rapid loss of capital, to have a set of tools to minimize risk is essential.

With easyMarkets, Kenya-based retail clients can take advantage of:. Our in-depth comparison of the best MetaTrader 4 brokers in Kenya revealed that ThinkMarkets is the most trusted MT4 broker.

With more than a decade of business experience, ThinkMarkets is a global multi-regulated Forex broker, recognized for its innovative software solution for mobile trading. It complies with strict regulatory standards in several jurisdictions, including:. We recommend ThinkMarkets to Kenya-based retail traders for its unique mobile trading platform and those looking for a good MetaTrader 4 solution.

ThinkMarkets has established itself as the best MT4 broker in Kenya. Additionally, the award-winning mobile trading App ThinkTrader offers a full charting solution available on iPhone and Android devices. Snag your free demo account by clicking the button below. The best Kenyan forex broker with fixed spread accounts is AvaTrade. Fixed spreads are better than variable spreads because they allow Kenyan traders to reduce the trading costs, they are more transparent and more effective for news trading.

AvaTrade is a globally recognized Forex broker, regulated on five continents by reputable regulatory bodies such as:. Among the best Forex brokers in Kenya we reviewed, AvaTrade offers the lowest possible fixed Forex spreads. The broker offers 55 major, minor and exotic currency pairs, trading with a maximum leverage of for professional traders only and with fixed spreads that start from 0. Our team of experts conducted a full comparison of the fixed spread forex brokers in Kenya.

The second best option is Go Markets, followed by easyMarkets. Retail customers can trade Forex with leverage of up to , fixed spreads of as low as 0. The table below presents trading conditions for some of the most popular Forex pairs. Overall, AvaTrade is the best Forex broker in Kenya with spreads that remain stable in all market conditions.

You can start forex trading with fixed spreads on 55 currency pairs. com is a globally regulated broker offering commission-free trading on over 2, CFD products. As a market maker broker that uses a dealing desk, all forex spreads are tight with no commission fees. The table below shows Markets. com minimum spreads for frequently traded forex instruments.

Spreads are tight across the board, with spreads as low as 0. A major benefit to signing up to Markets.

com is the trading conditions you gain access to. The broker offers three platforms including their own proprietary trading platforms called Marketsx and the ever-popular MetaTrader 4 MT4 and MetaTrader 5 MT5.

Regardless of the trading platform you choose, you can trade tight spreads with fast execution and minimal slippage. com offers a wide range of trading tools to enhance your trading experience and performance. As well as technical analysis tools like charts and indicators, the broker provides advanced fundamental and sentiment tools unique to Markets. Sentiment trading tools can measure and test the overall attitude of traders towards specific assets and markets.

This information can help you make informed decisions to follow the trend or steer away from the hype. Technical trading tools such as charts, indicators and drawing tools can help assess past and predict future patterns. The broker offers a proprietary charting package for their CFD trading platform that allows for advanced analysis and strategy development. Fundamental analysis tools such as real-time newsfeed, alerts and an economic calendar help you stay up to date with significant events that affect financial markets and asset prices.

MetaTrader 4 and MetaTrader 5 are two of the most popular trading platforms worldwide. The platforms are ideal if you want to develop algorithmic trading strategies using Expert Advisors trading robots. As well as fully automated trading, MT4 and MT5 are popular for their large MQL5 Marketplace, along with the range of pre-installed tools and indicators.

Established in , Markets. com is a trusted broker thanks to oversight from tier-1 financial authorities such as FSCA South Africa , the FCA UK , CySEC Europe and ASIC Australia. com is a globally tier-1 regulated broker with the tightest spreads on commission-free accounts. Kenyan forex traders can benefit from the array of unique trading tools and features that come with all the trading platforms offered by Markets.

If you are not yet ready to open a live account with Markets. com, demo accounts are available for each platform. View Market. The best forex broker is Pepperstone based on our review. Five key elements to help choose a good forex broker are:. easyMarkets also come highly recommended due to their range of risk management tools. We consider MetaTrader 4 MT4 and MetaTrader 5 MT5 developed by MetaQuotes Software to be excellent choices. MT4 is the most popular trading platform you will find in the market for all levels of traders while MetaTrader 5 is an upgrade on MT4 as it offers a greater range of features.

In Kenya, the regulatory body responsible for licensing and oversight of online Forex brokers is the Capital Markets Authority CMA. To obtain a licence to operate in Kenya, brokerages must meet the following requirements:. We use cookies to ensure you get the best experience on our website. By continuing to browse you accept our use of cookies. Brokers By Country Australian Forex Brokers UK Forex Brokers European Forex Brokers NZ Forex Brokers Canadian Forex Brokers US Forex Brokers Singapore Forex Brokers UAE Forex Brokers.

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Home » Trading » Best Forex Brokers In Kenya. Best Forex Brokers in Kenya Kenyan Forex traders should choose a locally CMA-regulated Forex Broker that has an international reach, low spreads and the best forex trading platforms. Written by Justin Grossbard Written by Justin Grossbard Co Founder.

Edited by Laura Wolfe Edited by Laura Wolfe. Reviewed by Justin Hertzberg Reviewed by Justin Hertzberg Forest Park FX President. Fact Checked We double-check broker fee details each month which is made possible through partner paid advertising. Learn more this here. Visit Site. Our Rating. Review Of Pepperstone. Review Of IC Markets. Review Of eToro. Review Of Plus Review Of easyMarkets. Risk management leader DealCancellation Freeze Rate. CMA Kenya.

Raw Spread. Commissions USD Base. Minimum Deposit. Swap Free Account. No Inactivity Fees. Funding Methods. No Funding Fees. Currency Pairs. Index CFDs. Share CFDs. Commodities CFD. Retail Max. Leverage Kenya. Leverage With offshore regulators.

MetaTrader 4 MT4. MetaTrader 5 MT5. Proprietary Platform. Automated Trading. Standard Stop Loss. Guaranteed Stop Loss. Demo Account. The Best Forex Broker In Kenya Is Pepperstone Our top pick for the best forex brokers in Kenya and the most trusted online forex trading provider is Pepperstone. Pepperstone Markets Kenya Limited Company No. PVT-PJU7Q8K CMA Licence No. For a complete forex spread comparison using ECN accounts of the reviewed forex brokers, have a look at the table below: Pepperstone No Commission Spread Comparison.

Our Rating The overall rating is based on review by our experts. IC Markets Has The Best Trading Platforms In Kenya IC Markets has the best range of trading platforms for beginner to expert CFD traders. Among the best brokers in Kenya we reviewed, IC Markets is highly recommended for Forex traders who prefer using powerful trading platforms, including: MetaTrader 4 MetaTrader 5 cTrader IC Markets is the trading name of International Capital Markets Pty Ltd, a financial services provider licenced and regulated by the Australian Securities and Investments Commission ASIC.

cTrader By IC Markets One advantage of the cTrader software solution is that it allows for currency trading with ultra-low spreads. MetaTrader 4 The most popular trading platform, especially with Forex trading, has several distinctive features: Forex leverage of up to Raw pricing that allows no dealing desk execution and no requotes, suitable for scalpers, high-volume traders or clients using Expert Advisors.

Spreads start from 0. Final Verdict On IC Markets In our best forex broker in Kenya review, IC Markets offers the most powerful selection of trading platforms.

eToro Has The Best Social Trading Platform Among the brokers reviewed, eToro is the best FX broker for copy trading that allows Kenyan traders to earn money by following, copying and mirroring more experienced traders. Final Verdict On eToro Overall, eToro has claimed the first spot in our star scoring system due to its large social investment network, small account opening and financial markets available for trading. It is authorized and regulated in a number of jurisdictions, including: Australia — by the ASIC New Zealand — by the Financial Markets Authority FMA South Africa — by the Financial Sector Conduct Authority FSCA European Union — by the Cyprus-based CySEC United Kingdom — by the FCA Singapore — by the Monetary Authority of Singapore MAS CFD And Forex Trading With Plus As a globally regulated provider, Plus offers CFD products covering a wide range of markets, coupled with superior risk management tools.

Plus offers CFDs on over 2, financial instruments grouped in several asset classes as follows: Foreign Exchange — 71 major, minor and exotic currency pairs traded with a maximum leverage of com Inc and EUR 0. HotForex Has A Great Trading Account Range HotForex offers multiple forex trading account types with individual characteristics. of retail customers: Premium accounts Zero Spread account HFcopy account Premium Pro account HF Markets Premium Account The Premium Account allows for flexibility in position sizing and is suitable for retail clients with experience.

IW Bank clients may experience different fee structures according. com does not offer a sign-up bonus for first-time sign-ups or beginner traders.

No sign-up bonus, deposit bonus, or welcome bonus is offered to traders. The Minimum Deposit for 1st-time traders might vary based on. com offers Spreads and commissions vary according to the account type that the trader is using.

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JP MARKETS Review JP Markets is considered a low-risk and can be summarized as trustworthy and reliable.

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Last Updated: February 17, There are estimated to be around 90, active forex traders in Kenya and this number is growing. For this, it is very important to choose a broker that is regulated with local Kenyan Regulator CMA or reputed international regulators like FCA, FSCA, CySEC or ASIC. We have compared and listed brokers that matched our criteria for regulation, reputation, security, fees for Kenyan traders. Now we will explore the detailed features of each broker in our list, one by one, starting from Hotforex.

They are authorized by CMA of Kenya which is the local regulatory body , so we consider them as a safe broker for traders in Kenya. FXPesa is a non-dealing desk NDD broker, which means that there is no conflict of interest. They provide market execution of trades with all their trading account.

FXPesa are a MetaTrader 4 offering broker, and latest MT5 or cTrader is not available with them. But they have their own platform which is available on all devices. They offer funding in USD as well as in Kenyan Shilling KSh. via local bank transfer. But the account currency will be in USD. HotForex is our recommend forex broker for Kenyan traders. HotForex is regulated by CMA as a Non-dealing online forex broker with license no.

This makes HotForex a low risk forex broker for traders in Kenya. In terms of fees, they charge a low spread i. For low spreads, traders can open open Zero account with which the spreads start from 0 pips. The commission per lot with this account is Kes. Only a few brokers offer this feature. They use the payment gateway Dusupay on their website, and the minimum deposit is Kes.

They also have a local office with address in Nairobi on their website. They also have local phone no. They are well regulated under multiple Top-Tier regulators including FCA, FSCA, CySEC, so we consider them a safe broker. Exness offers features like excellent support, low spreads, education through tutorials, strategies and free analysis tools.

Exness provides services for two types of accounts — Standard and Professional. The maximum leverage offered for both accounts is One of the major benefits with Exness is they have very low spread compared to most other competing brokers. Account types available help both newbies and pro traders.

Other benefits include readily available support, fast executions, daily market reports, support from Expert advisors and meta trader plugin supports.

There are more than instruments to choose from including forex, CFDs on precious metals, energy and indices. Their fees is lowest with their Ultra Low account. Their trading accounts are quite straightforward. XM provides four account options. For Standard and Micro account, the required minimum deposit amount is 5 USD and gives a maximum leverage of For XM Ultra Low account, the required minimum deposit amount is 50 USD with similar leverage. Plus they have free access to forex market education including their research, forex webinars, video tutorials and free daily technical analysis that is available to all their customers.

Plus, they accept M-Pesa for account funding. Available Platforms: Metatrader 4 and Metatrader 5 for desktop and mobile and WebTrader. The parent company of FXTM, Exinity Group Exinity Capital East Africa is regulated by CMA, so it is considered a safe forex broker to trade with for Kenyan traders. FXTM offers two broad account options — Standard and ECN, both accounts having further sub-account types.

Both accounts come with a maximum leverage of upto Additional benefits include in-depth market analysis, tutorials through webinars and seminars.

Additionally, FXTM also supports trading in Cryptocurrency. Scope markets SCFM Limited was the second forex broker that was granted license by CMA in It is considered a low risk forex broker for Kenyan traders because of their regulated by CMA. The Silver account is a standard account type with no commissions, but their average fees is quite high i. Their support is decent. There are some points that you must check in a broker before you choose them.

Below is our points checklist that you can use an a guideline:. Regulated brokers can be held accountable for any bad practises like stop hunting, trading againt customers etc. But when you are trading with an unregulated broker there will be no Grievance Redressal in case the broker commits a fraud against you.

There are 6 forex brokers regulated by CMA as of Feb. They normally update the list every month. For ex. FXPesa is regulated for offering Forex Trading as Non-Dealing FX broker under License no. The above example is the Regulation and Client Protection document as FXPesa which highlights their company name, Company Registration No. Some brokers may tell you that their spread is low, but may not tell the fact that they charge commission per trade or charge fees during withdrawals.

Some forex brokers like FXTM charge withdrawal fees with some of their methods. During our tests we found that their overall fees is quite competitive. They have competitive spread from 1. Also there is no inactivity fees. Ask your forex broker about their overall fees. Most brokers will have a spread comparison table on their website.

Is the instrument that you want to trade available or not? For example, you might want to trade CFDs on NASDAQ Many other forex brokers like Exness, FXTM, Hotforex etc. offer wide range of trading instruments. But if thee is some specific instrument that you want to trade, then always check first if that is available with the broker.

Ensure that these methods are available at the forex broker you are choosing. This below comparison table shows the average withdrawal time for different methods available at FxPesa. Similarly all other regulated brokers will have similar page on their website. But there are no extra charges for withdrawal in Bank account in Kenya, and Mobile Money like MPesa.

It could be related to any issue from withdrawals, to general queries. We tested it by contacting different brokers via various support channels. on their website. They are regulated with CMA, and they have have listed the Kenyan contact details on their website. or by sending an email. See how good the broker is in responding to your questions. There are 4 CMA licensed brokers in Kenya currently. EGM Securities FXPesa is 1 in our list of recommended forex broker for Kenya.

Scope Markets is a new Kenyan broker which stated its operations since May There are only a handful of forex brokers regulated by CMA, but traders in Kenya should only choose brokers regulated locally with CMA for safety of your funds. Or choose any reputed foreign brokers like Hotforex, XM Forex which are regulated with top-tier regulators like FCA, ASIC, CySEC.

What are the best forex trading platforms in Kenya? All the popular brokers like Hotforex , Forextime provide trading on these two platforms with additional support for WebTrader and mobile devices. Both these platforms have features of fundamental and technical analysis tools, copy trading and other additional features.

Online forex trading is legal in Kenya, and is regulated by Kenyan financial regulator CMA i. Capital Markets Authority CMA of Kenya. It was founded under Capital Markets Act There are 4 Forex Brokers in Kenya regulated by CMA as of December As per law, the brokers offering their services in Kenya are required to be regulated under CMA, which was done in order to safeguard the investors from fraudulent schemes and misconducts.

In , stricter regulations were passed in which CMA had to strictly oversee online forex business in Kenya. Capital Markets Online Foreign Exchange Trading Regulation required organizations to register under CMA. But currently the market is limited to only 4 local providers i. Which Forex Broker in Kenya has the lowest minimum deposit? HotForex has a minimum deposit of Kes.

TradeForexKenya Editor Last Updated: February 17, Leverage Available Instruments Visit.

Trade using that demo account until you have a good strategy that works, and has been tested over a period of months minimum. Raw Spread. For Address proof, you can submit your phone or any other Utility Bill. Offers Negative Balance Protection. Of all the financial markets, forex is the most accessible with low minimum deposit requirements. Our team of experts conducted a full comparison of the fixed spread forex brokers in Kenya.

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