Best Forex Brokers in Kenya

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Kenya residents are increasingly familiar with forex trading. Since Kenya’s retail investment market is notorious for financial pyramid schemes, finding a regulated forex broker is especially important. The regulatory body of Kenya is Capital Markets Authority (CMA). However, this authority didn’t issue its first license until 2018. And now three forex brokers are regulated by CMA. Many other well-regulated international brokers are also seeking opportunities in this region. By taking into account the minimum deposit, regulation, customer service, website languages, etc, we selected TOP 10 forex broker serviced in Kenya.

Brokers

Best Forex Brokers in Kenya

FXTM

8.9 /10

216 Reviews

Founded: 2011

Min Deposit: 200.0 USD

Headquarters: Mauritius

Regulators: FSCA, Mauritius FSC, FCA, Kenya CMA

GO Markets

8.5 /10

41 Reviews

Founded: 2006

Min Deposit: 0.0 USD

Headquarters: Australia

Regulators: CySEC, ASIC, Mauritius FSC, Seychelles FSA, SVG FSA

Equiti

4.9 /10

16 Reviews

Founded: 2008

Min Deposit: 500.0 USD

Headquarters: United Kingdom

Regulators: FCA, Seychelles FSA, FSCA, JSC, SCA

XTB

7.8 /10

43 Reviews

Founded: 2002

Min Deposit: 1.0 USD

Headquarters: Belize

Regulators: PFSA, CNMV, Belize FSC, FCA, CySEC

Avatrade

5.6 /10

125 Reviews

Founded: 2006

Min Deposit: 100.0 USD

Headquarters: Ireland

Regulators: BVI FSC, FSCA, ISA, FSRA, CBI, Japan FSA, FCA, ASIC

Interactive Brokers

7.6 /10

16 Reviews

Founded: 1993

Min Deposit: 2000.0 USD

Headquarters: United States of America

Regulators: FCA, NFA, ASIC, Japan FSA, SFC, MAS, LBE

IC Markets

8.9 /10

102 Reviews

Founded: 2007

Min Deposit: 200.0 USD

Headquarters: Seychelles

Regulators: CySEC, FCA, ASIC, Seychelles FSA, Bahamas SCB

ATFX

8.2 /10

120 Reviews

Founded: 2017

Min Deposit: 100.0 USD

Headquarters: China

Regulators: Seychelles FSA, FCA, ASIC, Mauritius FSC, FSCA, SFC, SERC, SCA, CySEC

EightCap

7.9 /10

96 Reviews

Founded: 2009

Min Deposit: 100.0 USD

Headquarters: Australia

Regulators: ASIC, Bahamas SCB, VFSC, FCA

easyMarkets

8.5 /10

5 Reviews

Founded: 2001

Min Deposit: 25.0 USD

Headquarters: Cyprus

Regulators: CySEC, ASIC, Seychelles FSA, BVI FSC, FSCA, PFSA

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Ranking

United Arab Emirates

Trading forex in the United Arab Emirates is popular, which attracts many forex brokers to expand their trading service to this region.The regulatory body on forex activity is the Central Bank U.A.E. (CB U.A.E.). However, forex brokers accept clients form UAE are not required to be regulated by the Central Bank. By taking into account the minimum deposit, regulation, customer service, website languages, etc, we selected TOP 10 forex broker serviced in United Arab Emirates.

Nigeria

Online forex trading is relatively new in Nigeria and there are no specific rules or requirements regulating this activity. Therefore, the Association of Online Forex Trading has been formed to work closely with the Central Bank of Nigeria (CBN) to monitor and regulate this market. At present, it is better to choose an international forex broker that accepts clients from Nigeria and has oversight by one or more trustworthy forex regulators. By taking into account the minimum deposit, regulation, customer service, website languages, etc, we selected TOP 10 forex broker serviced in Nigeria.

South Africa

Forex trading in South Africa is gaining popularity, which is driven by the economic potential and tech-savvy young population. Many international brokers with EU or other strict regulation are offering forex trading service in this region. They’re also seeking an operation license from local regulatory body Financial Sector Conduct Authority (FSCA), in a nod to the growth potential for forex trading in this region. By taking into account the minimum deposit, regulation, customer service, website languages, etc,we select TOP 10 forex broker serviced in South Africa.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.