The Best Forex Brokers in Kenya For 2021

We recommend the forex brokers below for Kenyan traders

  • Pepperstone Pepperstone – Best Overall For Online Forex Trading
  • Markets.com Markets.com – Best CFD Trading Tools
  • IC Markets IC Markets – Broker With The Best Trading Platforms
  • eToro 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 ThinkMarkets – MetaTrader 4 & ThinkTrader Mobile Platform


Pepperstone
Markets.com
IC Markets
Plus500
etoro
Our Rating
9.17
8.17
6.83
5.83
7.17
Active Trader Discounts
77% 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
67% 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
0.09
0.1
GBP/USD Avg. Raw Spread
0.38
0.4
AUD/USD Avg. Raw Spread
0.17
0.2
EUR/USD Standard Spread
0.69
0.6
1.1
0.8
EUR/USD Fixed Spreads
3.0
Commissions (USD Base)
AUD $3.50
USD $3.50
$3.50
SGD 4.50
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
12
7
10+
10+
98+
Index CFDs
14+
58
16+
67+
13+
Share CFDs
300+
3312
100+
1816+
2000+
Commodities CFD
4+
36
19+
17+
12+
Stockbroking
2000+
Retail Max. Leverage
500:1
30:1
30:1 (Cysec/ASIC)
500:1 (International)
30:1 (FCA/ASIC)
20:1 (MAS)
30:1 (UK/Europe/Australia)
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