11/11/ · Now, based on the above criteria, here is a quick list of the brokers to try now in Kenya: Olymp Trade – they are the best trading platform. Comes with a ton of trading 07/05/ · 6. AvaTradeGo. It is one of the best online investment platforms in Kenya. You can trade for more than CDFs on forex, stocks, commodities, cryptocurrency, and indices on 28/08/ · In our Best Kenya trading platform review we breakdown the pros and cons of crypto trading platforms in the Kenya. What Kenya crypto trading platforms are able to Online Forex Trading in Kenya. What are some of the best online forex brokers in Kenya? Find below our curated list. This list of forex brokers or forex traders in Kenya includes FXPesa, XM For all investors, it's important to choose the right Stock Trading Platform. That's why we share the Best Stock Brokers and Platforms in Kenya ! ... read more
eToro serves UK clients through a unit regulated by the Financial Conduct Authority FCA and Australians through an Australian Securities and Investment Commission ASIC -regulated entity.
All other customers are served by a Cypriot unit that is regulated by the Cyprus Securities and Exchange Commission CySEC. eToro is not listed on any stock exchange, does not disclose its annual report on its website and does not have a bank parent. Being regulated by the top-tier FCA and ASIC is a good sign for eToro's safety.
HEADS UP: Minimum deposit based on residency and account activation — Be sure to check the minimum deposit that is required to activate your account. After uploading your documents, a deposit is also needed in order to make trades. Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Recommended for traders interested in social trading i. com is a global CFD broker founded in It has offices located in the United Kingdom, Cyprus, Australia, Seychelles and Gibraltar, where each is authorized and regulated locally by the Financial Conduct Authority FCA , the Cyprus Securities and Exchange Commission CySEC , the Australian Securities and Investments Commission ASIC and the Financial Services Authority of Seychelles FSA , respectively.
Recommended for investors and cfd traders looking for a great trading platform and excellent customer service. Visit broker Visit broker More Oanda is a US-based forex broker founded in It is a private company and therefore not listed on any stock exchange. Oanda operates via several entities worldwide and is regulated by top-tier authorities, such as the US Commodity Trading Futures Commission, the National Futures Association CFTC and the UK's Financial Conduct Authority FCA.
The services offered by Oanda's various entities differ slightly. In this review, we mainly focus on the UK one. Recommended for forex traders who value a user-friendly platform and great research tools. Now that you know the top 5, you probably want to know how we came up with this list. Let's go through a few points quickly. You can be sure none of them is a scam. They are all regulated by at least one top-tier regulator. At BrokerChooser, we test online brokers based on more than criteria, with real accounts and real money.
We don't want to overwhelm you, so we will list only the top 5 criteria. These were the details, now let's zoom out. Here are the best international online brokers in for residents in Kenya:. Interactive Brokers is our winner , the best international online broker in Kenya in Low trading fees. Wide range of products.
Many great research tools. Still unsure? For a tailored recommendation , check out our broker finder tool. If you enter the name of your country, it will show only the brokers that are relevant to you. Want more details? Compare brokers with the help of this detailed comparison table.
Everything you find on BrokerChooser is based on reliable data and unbiased information. Read more about our methodology.
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Intro and winners 1 Interactive Brokers 2 Saxo Bank 3 eToro 4 Capital. com 5 Oanda What makes a good online broker Bottom Line. Top 5 picks for best international online brokers in Kenya in Interactive Brokers is the best international online brokers in Kenya in Saxo Bank takes second place. Great trading platform. Outstanding research. Broad product portfolio.
eToro rounds out the top three. Free stock and ETF trading. Seamless account opening. Social trading. com is numero quattro. Low forex CFD fees and commission-free real stocks. Great account opening experience. Excellent email and chat support. Oanda just made it to the list in fifth place.
Great trading platforms. Outstanding research tools. Fast and user-friendly account opening. Written by Steven Hatzakis Edited by John Bringans Fact-checked by Joey Shadeck. The ForexBrokers. com annual forex broker review six years running is the most cited in the industry. With over 50, words of research across the site, we spend hundreds of hours testing forex brokers each year.
Here's how we test. Trading forex currencies in Kenya is popular among residents. While recommended, forex brokers are not required to become authorised by the Capital Markets Authority CMA to accept residents of Kenya as customers, unless based in Kenya.
The Capital Markets Authority is the financial regulatory body in Kenya. The CMA was established in and is responsible for supervising, licensing, and monitoring the activities of market intermediaries. For a historical breakdown, here's a link to the Capital Markets Authority webpage on Wikipedia.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. To find the best forex brokers in Kenya, we created a list of all brokers that list Kenya as a country they accept new customers from. We then ranked brokers by their Overall ranking. Compare Kenya authorised forex and CFDs brokers side by side using the forex broker comparison tool or the summary table below.
This broker list is sorted by the firm's ForexBrokers. com Overall ranking. To find a list of authorized forex brokers, residents can download the list of licenses report from the Capital Markets Authority website to verify the authorisation of a broker.
Was this helpful? Yes or No. For our Forex Broker Review we assessed, rated, and ranked 39 international forex brokers over a three-month time period resulting in over 50, words of published research. Each broker was graded on different variables, including our proprietary Trust Score algorithm. This innovative scoring system ranks the level of trustworthiness for each broker based on factors such as licenses, regulation and corporate structure. Read about Trust Score here.
As part of our annual review process, all brokers had the opportunity to provide updates and key milestones and complete an in-depth data profile, which we hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than.
Learn more about how we test. There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.
Read more on forex trading risks.
Last Updated: April 9, Trading platform is the interface offered by brokers to facilitate trading. It is arguably one of the most important features to consider before signing up with the broker.
It should have a downloadable desktop app, mobile app or a web-based trading platform with live uninterrupted data feed, an ability to customise the chart views with a clean and aesthetic User Interface UI. Ease of setup and grievance handling abilities are nice add-ons to a broker with a good trading platform and should have a significant weight in your decision to go with one. Now we will explore the detailed features of each broker in our list, one by one, starting from Hotforex.
HotForex is a global award-winning broker regulated under FSCA since They offer very low spreads on their trading platforms. HotForex does not charge any on deposits or withdrawals. And withdrawals placed before 10 AM are processed on the same day.
Designed for trading numerous types of instruments, Metatrader versions are the most used trading platforms among the trading community for their convenience and rich functionality.
Their MT5 offers fundamental analysis in addition to technical charts that MT4 comes equipped with and offers additional financial instruments like CFDs on stocks and commodities. With more charting on multiple timeframes in MT5, the traders can easily implement their strategies, chalk out entry and exit points and finally help themselves to profit. Plus is a CFD broker that offers CFDs on a variety of instruments like stocks, Forex, Indices, commodities, Cryptocurrencies, ETFs as well as Options.
It is regulated by multiple Top tier regulators i. FCA, ASIC etc. and Kenyan traders will be registered under the jurisdiction of CySEC of Cyprus. Plus has a proprietary trading platform that is easy to use, and beginners can benefit from its look and feel. One can trade multiple markets from the same screen, with real-time quotes available. Its mobile platform is well-developed with multi-asset trading capabilities.
The platform is available for desktop Windows only , Mobile available for iOS, Android and a web trader also. You can check the platform by the demo trade capability offered by the broker. With an attractive leverage and multilingual 24×7 support, it features among the best brokers. It is one of the top CFD brokers by number of Active traders in with more than , active traders. FXTM offers the industry-leading trading platforms MT4 and MT5 for PC, Mac, mobile or tablet to suit beginners as well as advanced traders.
A webtrader is also available for those who want to directly trade from the browser. FXTM even offers a multi-account manager MAM on MT4 which lets you trade with multiple accounts. FXTM also has ECN accounts, and they are regulated by FCA in the UK, FSCA of South Africa and has been in the industry since Standard account has tight floating benchmark spreads starting from 1. FXTM has easy deposit and withdrawals, charges no commission on deposits and processes withdrawals usually under 24 hours with commission depending on the mode of transaction.
XM Forex offers MT4 and MT5 for PC and Mac, android and iOS as well as for Ipad. It also offers MT4 Webtrader where one can trade from the web browser itself without downloading anything. XM offers over trading instruments through its MT4 and MT5 in Forex, CFDs and Futures. They are regulated and licenced by reputed authorities, but Kenyan traders are registered under the jurisdiction of XM Global IFSC. It is a low-cost broker and claims no slippages in the trades executed. Through MT4 offering, a single login access is provided by XM for all 8 MT4-enabled devices and through MT5 offering, a single login access is provided for all 7 MT5-enabled devices.
With a freedom to use Expert Advisors and a One click trading functionality where one can open or close trades with just one click allowing a quick lock-in to profits, professional traders can really benefit.
XM also allows hedging to the trading portfolio. XM Forex app can be used to track trades or even place trades,, if one registered for MT4 or MT5 platforms. Etoro is a social trading platform setup back in A unique experience where users can interact with fellow traders and copy their trades, enabling beginners and advanced traders to profit from their combined strategies. One can check out Etoro by opening a virtual portfolio before putting real money.
There is a research tab offering market depth. Other notable functionalities include One-click trading, stop loss, trailing stop loss and offline trading capabilities. Depending on the instruments, there are CFDs as well as delivery-based assets. Withdrawals can be done via wire transfer, Paypal and even to Credit cards to the same account where the funds were deposited. Estimated withdrawal process time is days for many payment providers.
Multi-device support: Make sure the trading platform is available on multiple devices, which gives you access to the trades on the move. Being able to access it on mobile as well as tablets, you will not miss major profit-making opportunities. Multiple order types: It is important to place the order based on the situation hence different types of order placing capabilities can really make a difference. Stop loss orders, limit orders, market orders, buy stop or a sell stop order are different types which a trader can place depending on the circumstance, hence look for a trading platform that lets you access these.
No downtime: Some platforms tend to freeze during critical moments of a trade. Some platforms tend to remove stop loss orders and do not close the trade as per the given instructions which is unethical.
Hence it is important to go through reviews and choose the one that performs well. Available trading instruments should not limit your trading hence it is better to ensure all assets you would like to trade are available.
Also, the content helps to navigate the platform and familiarize with it. Economic calendar also strategically impacts your trades, so a well-built calendar is quite useful. Check for reviews on the historical spread, commissions for various accounts on offer as well as minimum deposit and withdrawal fees.
TradeForexKenya Editor Last Updated: April 9, Trading Platforms Proprietary for web, mobile. And FXTM trader app. Visit Hotforex. Read Hotforex Review. Visit Plus Visit FXTM. Visit XM. Read XM Forex Review.
Visit Etoro. Hotforex is 1 rated FX platform Visit. Back To Top. Regulation s : FCA, FSCA, CySEC. Visit Broker. Regulation s : FCA, ASIC. Regulation s : FCA, FSCA. XM Forex. Regulation s : ASIC, CySEC. Regulation s : FCA, CySEC.
07/05/ · 6. AvaTradeGo. It is one of the best online investment platforms in Kenya. You can trade for more than CDFs on forex, stocks, commodities, cryptocurrency, and indices on Best Online Trading Platforms in Kenya Nairobi Securities Exchange. The Nairobi Securities Exchange (NSE) is the leading stock exchange in East Africa. It is Saxo Bank. Saxo Bank 10/01/ · Saxo Bank - Best web-based trading platform Interactive Brokers - Great overall, best for professionals blogger.com - Excellent all-round offering XTB - Great research and 16/10/ · In this article, we explore the seven best cryptocurrency trading platforms for Kenyans. blogger.com; First established in , blogger.com entered the cryptocurrency trading arena 5 rows · Top 5 picks for best international online brokers in Kenya in Interactive Brokers is the For all investors, it's important to choose the right Stock Trading Platform. That's why we share the Best Stock Brokers and Platforms in Kenya ! ... read more
Depositing and withdrawing money should be either free or cheap and the process user-friendly. The number of deposit and withdrawal options is also an important factor. Trading Platform. As part of our annual review process, all brokers had the opportunity to provide updates and key milestones and complete an in-depth data profile, which we hand-checked for accuracy. With a world-class team of analysts , you are sure to be on the best hands when it comes to online trading in Kenya. Financial regulation is essential when choosing a ZCASH ZEC Trading Platform.Subscribe to our Weekly Newsletter. It is a fast and easy way to purchase the ZCASH ZEC coins of your choice. Best international online brokers in Kenya in CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Wide range of products. Seamless account opening.