The Best Forex Brokers in Kenya For 2022

We recommend the forex brokers below for Kenyan traders

  • Pepperstone Pepperstone – Best Overall For Online Forex Trading
  • IC Markets IC Markets – Broker With The Best Trading Platforms
  • eToro eToro – Top Social Trading Platform Specialist
  • Plus500 Plus500 – Trade CFDs & Cryptocurrencies with Confidence
  • hotforex logo HotForex – Offers Good Range Of Account Types
  • easy markets logo easyMarkets – Good Unique Risk Management Features
  • think markets ThinkMarkets – MetaTrader 4 & ThinkTrader Mobile Platform


Pepperstone
IC Markets
eToro
Plus500
EasyMarkets
Our Rating
9.33
8.50
7.17
5.83
7.33
74.7% of retail investor accounts lose money when trading spread bets and CFDs with this provider
77% of retail investor accounts lose money when trading CFDs with IC Markets (EU) Ltd
68% of retail investor accounts lose money when trading CFDs with this provider.
77% of retail CFD accounts lose money
Ideal For Beginner Traders

Regulations and Licenses

Feature
Pepperstone
IC Markets
eToro
Plus500
EasyMarkets
CMA (Kenya)

Brokerage

Feature
Pepperstone
IC Markets
eToro
Plus500
EasyMarkets
EUR/USD Avg. Raw Spread
0.17
0.02
-
-
-
GBP/USD Avg. Raw Spread
0.59
0.23
-
-
-
AUD/USD Avg. Raw Spread
0.24
0.17
-
-
-
EUR/USD Standard Spread
0.75
0.62
3.00
-
-
EUR/USD Fixed Spreads
-
-
-
0.70
Commissions (USD Base)
$3.50
$3.50
-
-
-
Minimum Deposit
$0
$0
$200
$100
$200 (Standard)
$3,000 (Premium)
$10,000 (VIP)
Swap Free Account
No Inactivity Fees
Funding Methods
16+
15+
11+
3+
16+
No Funding Fees

Markets and Instruments

Feature
Pepperstone
IC Markets
eToro
Plus500
EasyMarkets
Currency Pairs
62+
61+
49+
71+
62+
Cryptocurrency CFDs*
12+
18+
46+
15+
17+
Index CFDs
14+
16+
13+
67+
14+
Share CFDs
300+
100+
2000+
1816+
26+
Commodities CFD
9+
26+
33+
22+
31+
Stockbroking
-
2000+
-
-
Retail Max. Leverage (Kenya)
400:1
-
-
-
-
Retail Max. Leverage (With offshore regulators)
200:1
500:1
400:1
300:1
400:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations

Trading Platforms + Tools

Feature
Pepperstone
IC Markets
eToro
Plus500
EasyMarkets
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account
Unique Feature
Smart Trader Tools
ECN pricing
CopyTrader functionality
for automated trading
Trade cannabis index
Risk management leader
DealCancellation
Freeze Rate

Overall

Pepperstone
IC Markets
eToro
Plus500
EasyMarkets