The Best Forex Brokers in Kenya For 2020

We recommend the forex brokers below for Kenyan traders

  • Pepperstone

    Pepperstone – Best Overall For Online Forex Trading

  • Markets.com UK

    Markets.com – Best CFD Trading Tools

  • ic markets logo

    IC Markets – Broker With The Best Trading Platforms

  • eToro UK

    eToro – Top Social Trading Platform Specialist

  • plus500 logo

    Plus500 – Trade CFDs & Cryptocurrencies with Confidence

  • hotforex logo

    HotForex – Offers Good Range Of Account Types

  • easymarket logo

    easyMarkets – Good Unique Risk Management Features

  • thinkmarkets logo

    ThinkMarkets – MetaTrader 4 & ThinkTrader Mobile Platform



Pepperstone
Markets.com
IC Markets
Plus500
etoro
Our Rating
9.17
8.17
8.83
5.83
7.17
Active Trader Discounts
73.9% of retail investor accounts lose money when trading CFDs with this provider.
77% of retail investor accounts lose money when trading CFDs with IC Markets (EU) Ltd
80.5% of retail CFD accounts lose money
75% of retail investor accounts lose money when trading CFDs with this provider.

Regulations and Licenses

Feature
Pepperstone
Markets.com
IC Markets
Plus500
etoro
ASIC (Australia)
FCA (UK)
FSCA (South Africa)
Pending
CYSEC (Cypus)

Brokerage

Feature
Pepperstone
Markets.com
IC Markets
Plus500
etoro
EUR/USD Avg. Raw Spread
0.16
0.1 Raw Account
GBP/USD Avg. Raw Spread
0.4
0.4 Raw Account
AUD/USD Avg. Raw Spread
0.27
0.2 Raw Account
EUR/USD Standard Spread
1.16
0.6
1.1
0.8
EUR/USD Fixed Spreads
3.0
Commissions (USD Base)
AUD $3.50
USD $3.50
$3.50
Commission Rebates
Minimum Deposit
AUD $200
USD $200
$250
USD $200
100
USD$200
Swap Free Account
No Inactivity Fees
Funding Methods
16
Wire transfer, Visa, MasterCard, Skrill, Neteller, PayPal
15
3
6
No Funding Fees

Markets and Instruments

Feature
Pepperstone
Markets.com
IC Markets
Plus500
etoro
Currency Pairs
66+
120
65+
60+
47+
Cryptocurrency CFDs
4+
7
10+
10+
98+
Index CFDs
14+
58
16+
67+
13+
Share CFDs
5+
3312
100+
1816+
2000+
Commodities CFD
4+
36
19+
17+
12+
Stockbroking
2000+
Retail Max. Leverage
500:1
300:1
30:1 (Cysec)
500:1 (ASIC/International)
30:1 (FCA)
300:1 (ASIC)
20:1 (MAS)
30:1 (FCA/CySEC)
400:1 (ASIC)
Professional Leverage
500:1
300:1
500:1
300:1
400:1

Trading Platforms + Tools

Feature
Pepperstone
Markets.com
IC Markets
Plus500
etoro
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Guaranteed Neg Protection
ESMA regulated territories only
Cysec Regulation Only
ESMA regulated territories only
Demo Account
Unique Feature 1
Smart Trader Tools
Unique Trading Tools
ECN pricing
Trade cannabis index
CopyTrader functionality
for automated trading
Unique Feature 2
Fast Execution Speed
Share Dealing
No funding fees
Guaranteed stop-loss
Social trading
CFD Platform

Overall