Top 8 Kenya Forex Brokers In 2022

We recommend the forex brokers below for Kenyan traders

  • Pepperstone Pepperstone – Best Forex Broker In Kenya
  • IC Markets IC Markets – Top Forex Trading Platform In Kenya
  • eToro eToro – Top Social Platform With Copy Trading
  • Plus500 Plus500 – Good CFDs + Crypto Range Of Instruments
  • hotforex logo HotForex – Great Range Of Account Types Offering Fexibility
  • easy markets logo easyMarkets – Top Range Of Risk Management Features
  • think markets logo ThinkMarkets – Good MetaTrader 4 Broker

Pepperstone
IC Markets
eToro
Plus500
EasyMarkets
Our Rating
9.33
8.50
7.17
5.83
7.33
Smart Trader Tools
No Dealing Desk
CopyTrader functionality
for automated trading
Trade cannabis index
Risk management leader
DealCancellation
Freeze Rate

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
0.77
0.62
3.00
0.80
-
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
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

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

Overall

Pepperstone
IC Markets
eToro
Plus500
EasyMarkets
Broker Official Site Our Rating Regulation EUR/USD Spread GBP/USD Spread AUD/USD Spread MetaTrader 4 MetaTrader 5 cTrader Execution Speed Minimum Deposit Currency Pairs Crypto CFDs Retail Leverage Prof. Leverage
Visit Broker > 9.33 SCG, ASIC
FCA, CySEC
0.17 0.59 0.24 85ms $0 62+ 12+ 30:1 500:1
Visit Broker > 8.50 ASIC, FSA
CySEC
0.02 0.23 0.17 130ms $0 61+ 18+ 30:1 500:1
Visit Broker > 7.17 ASIC, CySEC
FCA, FSA
- - - 130ms $200 49+ 46+ 30:1 400:1
Visit Broker > 5.83 ASIC, CySEC
FCA, FMA
- - - 140ms $100 71+ 15+ 30:1 300:1
Visit Broker > 7.33 AISC, CySEC
FSA
- - - 190ms $200 (Standard)
$3,000 (Premium)
$10,000 (VIP)
62+ 17+ 30:1 500:1