The Best Forex Brokers in Kenya For 2020

We recommend the forex brokers below for Kenyan traders.Best-Forex-Brokers-In-Kenya-snippet-image

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



Broker Reviewed

Pepperstone
IC Markets
Plus500
etoro
AvaTrade
Our Rating
9.17
8.83
5.83
7.17
5
Active Trader Discounts
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage
80.5% of retail CFD accounts lose money
Best for social trading
250+ trading instruments

Regulations and Licenses

Feature
Pepperstone
IC Markets
Plus500
etoro
AvaTrade
ASIC (Australia)
FCA (UK)
Central Bank of Ireland
FSCA (South Africa)
Pending
CYSEC (Cypus)

Brokerage

Feature
Pepperstone
IC Markets
Plus500
etoro
AvaTrade
EUR/USD Avg. Raw Spread
0.13
0.1 Raw Account
GBP/USD Avg. Raw Spread
0.51
0.4 Raw Account
AUD/USD Avg. Raw Spread
0.18
0.2 Raw Account
EUR/USD Standard Spread
1.13
1.1
0.8
3.0
1.30 Retail
0.90 Professional
EUR/USD Fixed Spreads
3.0
0.9
Commissions (USD Base)
AUD $3.50
USD $3.50
$3.50
Commission Rebates
Minimum Deposit
AUD $200
USD $200
USD $200
100
USD$200
USD $100
Swap Free Account
No Inactivity Fees
Funding Methods
16
15
3
6
7
No Funding Fees

Markets and Instruments

Feature
Pepperstone
IC Markets
Plus500
etoro
AvaTrade
Currency Pairs
66+
65+
60+
47+
60+
Cryptocurrency CFDs
4+
10+
10+
98+
11+
Index CFDs
2+
16+
67+
13+
15+
Share CFDs
5+
100+
1816+
2000+
99+
Commodities CFD
4+
19+
17+
12+
16+
Stockbroking
2000+
Retail Max. Leverage
500:1
30:1 (Cysec)
500:1 (ASIC/International)
30:1 (FCA)
300:1 (ASIC)
20:1 (MAS)
30:1 (FCA/CySEC)
400:1 (ASIC)
400:1 (Intl)
30:1 (UK/Europe)
Professional Leverage
500:1
500:1
300:1
400:1
400:1

Trading Platforms + Tools

Feature
Pepperstone
IC Markets
Plus500
etoro
AvaTrade
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss

(available only where European regulation applies)
Guaranteed Neg Protection
ESMA regulated territories only
Cysec Regulation Only
ESMA regulated territories only

(available only where European regulation applies)
Demo Account
Unique Feature 1
Smart Trader Tools
ECN pricing
Trade cannabis index
CopyTrader functionality
for automated trading
Choice of social trading tools
Unique Feature 2
Fast Execution Speed
No funding fees
Guaranteed stop-loss
Social trading
CFD Platform
Sign on bonus available

Overall

Pepperstone
IC Markets
Plus500
etoro
AvaTrade