Silah Obegi is a top Forex trader in Kenya whose success was found in a more traditional sense. Obegi received a Bachelor of Business Management from Moi University, after which he WebSilah Obegi is a top Forex trader in Kenya whose success was found in a more traditional sense. Obegi received a Bachelor of Business Management from Moi University, after WebAvaTrade - Great for beginners and copy trading OANDA - Trusted broker, great research Kenya Forex Brokers Comparison. Compare Kenya authorised forex and CFDs Web10 Best Forex Brokers in Kenya () 🥇 Exness – Overall, Best Forex Broker in Kenya; 🥈 AvaTrade – CMA Regulated Forex Broker; 🥉 Pepperstone – High Kenyan Trust Score; 🏅 WebTo trade forex in Kenya via a locally regulated broker, you need to open an account with any of the forex brokers regulated and licensed by CMA. There are six such brokers who are ... read more
He has an MBA in finance from the University of Miami Herbert Business School. Fact Checked. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. Our top pick for the best forex brokers in Kenya and the most trusted online forex trading provider is Pepperstone. Our team at Compare Forex Brokers conducted a rating process based on four elements:.
Headquartered in Melbourne, Australia, Pepperstone is a multilicenced forex broker to provide Kenyan traders access to the forex market. Pepperstone is one of only 3 brokers and the only international forex broker to hold a non-dealing Foreign Exchange Broker permit and be CMA licenced with the Capital Markets Authority of Kenya CMA.
This makes Pepperstone the best choice for Kenyan traders, as they can offer global standard trading conditions legally to Kenyan traders. Pepperstone can offer competitive spreads because of its price engine, which connects to various liquidity providers using STP-style execution to achieve ECN pricing.
By comparison, the average spreads on the Razor account is 0. For a complete forex spread comparison using ECN accounts of the reviewed forex brokers, have a look at the table below:. spreads are taken from each broker's website and updated monthly.
Kenyan traders have to pay a commission on every CFD trade. The commission charged by Pepperstone is competitive and when compared to other CFD brokers, the Australian-based broker comes on the top of the list. The minimum commission starts from:. To learn which account type is right for you view our page on Pepperstone account types. Pepperstone is one of the leading forex brokers with high leverage.
The leverage for currency trading is up to However, at Pepperstone forex traders from Kenya can all access different financial instruments in the form of Contract for Difference CFDs with a maximum leverage of:. Risk warning: leverage is a double-edged sword as it can magnify both your profits and your losses.
Traders will still need to meet margin requirements to open a position,. Deposits and withdrawal transactions are secure because Pepperstone uses advanced encryption technology. The forex payment methods come with no additional costs and are free of charge. Pepperstone Markets Kenya Limited holds CMA Licence No.
It is a trustworthy forex broker along with offering competitive trading costs, leading customer support, fast trade execution, and other advanced trading features. IC Markets has the best range of trading platforms for beginner to expert CFD traders. Among the best brokers in Kenya we reviewed, IC Markets is highly recommended for Forex traders who prefer using powerful trading platforms, including:.
IC Markets is the trading name of International Capital Markets Pty Ltd, a financial services provider licenced and regulated by the Australian Securities and Investments Commission ASIC. In Europe, IC Markets operates as IC Markets EU Ltd, an entity regulated by the Cyprus Securities and Exchange Commission CySEC. The platform is available as a Desktop and a Web-based version, and an app for mobile trading. One advantage of the cTrader software solution is that it allows for currency trading with ultra-low spreads.
This could favour both Scalping and High-Frequency Trading. For every single currency pair, clients can view the available volumes for each price level at any time. IC Markets place no restrictions on limit orders, with clients being able to place their Stop Loss and Take Profit orders at the closest pip distance possible from the current market price. The most popular trading platform, especially with Forex trading, has several distinctive features:. Kenya-based traders can take advantage of:.
Low-fee forex trading in Kenya aligns with the raw spread account, but beginner traders may prefer the simplicity of the standard account. You can view our details about the types of accounts on the raw spread vs standard account comparison page. In our best forex broker in Kenya review, IC Markets offers the most powerful selection of trading platforms. Pepperstone came in second place in our scoring system, but IC Markets scored more points due to the fact it offers a greater diverse range of tradable CFDs that also include bonds and futures.
Among the brokers reviewed, eToro is the best FX broker for copy trading that allows Kenyan traders to earn money by following, copying and mirroring more experienced traders. Over the years, eToro has become famous for its social trading platform and, at present, the broker has an active trader base of over 3,, people. As a global Forex brokerage, eToro is multi-regulated in the following jurisdictions:. We should note that CopyTrader allows eToro clients not just to replicate the trading activity of top traders, but also to join a global community of people with a shared interest — online Forex trading.
Copying the portfolio performance of a leading trader is quite effortless. Novice traders simply need to allocate a part of their available trading account balance to the trader they have chosen to copy.
Deposits in a different currency than USD will be converted at the current exchange rate and will incur a conversion fee. Copy-trading does not incur any management fees or other hidden costs. Overall, eToro has claimed the first spot in our star scoring system due to its large social investment network, small account opening and financial markets available for trading. Join the best social trading platform by clicking the button below.
The best online provider for trading CFDs and cryptocurrency trading is Plus Plus Ltd is a global CFD provider, specialised in helping you trade in a range of markets for over a decade. It is authorized and regulated in a number of jurisdictions, including:. As a globally regulated provider, Plus offers CFD products covering a wide range of markets, coupled with superior risk management tools. It is also among the handful of Forex brokers that have a guaranteed negative balance protection policy, under which retail investor accounts cannot lose greater amounts than the initial deposit.
With this risk management tool in place, Kenya-based retail clients feel more secure when trading with high risk, complex instruments known as Contracts for Difference CFDs on leverage. Plus offers CFDs on over 2, financial instruments grouped in several asset classes as follows:.
Plus offers 12 cryptocurrencies traded with a maximum leverage of and fixed spreads of Additionally, Plus also offers CFDs on the popular Crypto 10 Index traded with a fixed spread of Trading cryptocurrency CFDs have several advantages for the Kenya-based traders, including:. Grab your free demo trading account by clicking the button below.
HotForex offers multiple forex trading account types with individual characteristics. HF Markets is a global award-winning Forex and CFD broker, licenced and regulated by some of the most reputable regulatory bodies around the world. HF Markets and Hot Forex are trading names of the HF Markets Group, the parent company of:. Among the best Forex brokers we recommend to Kenyan traders, Hot Forex offers the widest range of account types.
of retail customers:. The Premium Account allows for flexibility in position sizing and is suitable for retail clients with experience. Traders can operate with up to 60 Standard lots for each position, while the minimum trade size is 0. More account details can be seen in the table below. Kenya-based clients are able to trade with ultra-tight spreads, starting from 0.
More account details are presented below. The HFcopy Account offers similar parameters to the Premium Account. The difference is that the HFcopy Account is suitable for Strategy Providers and Followers who have become part of HFcopy, a leading community of traders.
At the same time, Followers are able to copy the trading activity of the Strategy Providers they have chosen to follow. The Premium Pro Account is designed to suit the financial objectives of traders categorized either as Experienced Retail Clients or as Professional Clients. Experienced Retail Clients are considered those that meet certain criteria, including requisite experience specific trading activities conducted over the last 24 months , deep knowledge of derivative instruments proven work experience or training in the field as well as appropriate professional certificates and, last but not least, their country of residence in Poland.
Professional Clients are considered to be investors with vast knowledge and experience who have the ability to assess and manage their own risk. The broker also offers an Islamic Account, which does not charge swap or rollover fees when clients hold active positions overnight. Available only to customers of Muslim faith, the Islamic Account can replicate the trading conditions either of a Premium Account or of a Zero Spread Account.
Forex trading using leverage carries a high degree of risk, which is why risk management tools to mitigate that risk can be very useful. easyMarkets offers you solutions that help you manage risk. Using the trading name of Easy Forex Trading Ltd, an entity headquartered in Limassol, Cyprus they are regulated by the CySEC.
The company also fully complies with the regulatory framework of the European Securities and Markets Authority ESMA. When signing up with easyMarkets, Kenya-based clients will be able to access unique risk trading tools, aimed to improve their overall experience and bolster their confidence. Best Forex Brokers Top Forex Brokers Forex No Deposit Bonus Best Trading Apps Forex Trading for Beginners Forex Trading for Intermediate Traders Forex Trading for Professionals Top Successful Forex Traders High Leverage Forex Brokers Volatility 75 Forex Brokers Top Volatile Forex Pairs Biggest Forex Brokers in the World Best Forex Trading Strategies Low Spread Forex Brokers.
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Best Forex Brokers on Instagram Best Forex Brokers on Twitter Best Forex Brokers on Youtube Best Forex Brokers on Facebook. Forex Brokers Accepting Mobile Money Forex Brokers Accepting PayPal Forex Brokers Accepting Credit Cards Forex Brokers Accepting Cheques Forex Brokers Accepting Bitcoin. Avatrade 2. Exness 3. JustMarkets 4. Oanda 5. BDSwiss 6. Tickmill 7. Pepperstone 8. FBS 9. OctaFX FP Markets. Exness 2. Avatrade 3.
HFM 4. Forextime 6. CM Trading 7. Go Markets 8. Alpari Easy Markets. OctaFX 2. Bdswiss 3. Axiory 4. Pepperstone 5. Plus 6. Exness 8. Go Markets 9. com Oanda 2. com 4.
TD Ameritrade 5. ATC Brokers 6. Nadex 7. com 8. ACY 9. NinjaTrader Best CFD Trading Strategies What is CFD Trading? Top CFD Forex Brokers. What is Bitcoin? Bitcoin Trading Bitcoin Trading Tips and Strategies Bitcoin Mining Bitcoin Forex Brokers Quotes from Bitcoin Believers Bitcoin Halving Bitcoin Brokers Best Bitcoin Trading Apps Bitcoin Trading Bots Cloud Mining.
Ultimate Guide to Cryptocurrency Cryptocurrency Pairs Cryptocurrency Brokers Cryptocurrency Exchange Platforms Cryptocurrency Blockchains. Litecoin Ethereum Ripple Bitcoin Cash.
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The Top 10 Best Forex Brokers in Kenya revealed. We have rated and reviewed the best Forex Brokers accepting Kenyan Traders. This is a complete listing of The 10 Best Forex Brokers in Kenya. In this in-depth write-up you will learn:. The Kenyan shilling KES is the official currency of the Republic of Kenya.
Prices often include the abbreviation KSh , whereas KES is the foreign exchange FX trading symbol. Selected CMA Regulated Brokers in Kenya may offer KES-based trading accounts.
Overall, Exness can be summarised as a trustworthy and worthwhile broker that is very competitive in terms of its trading fees against major currency pairs. The spread is also very low and offers a sign-up bonus for 1st-time traders. Rated 2 of Recommended FX Brokers. Minimum Deposit. Islamic Account. Trading Fees.
Overall, Avatrade can be summarised as a safe and trustworthy broker with a user-friendly copy trading platform. Rated 1 of Recommended FX Brokers. Overall, Pepperstone can be summarised as a credible and trustworthy broker. Pepperstone is considered low-risk to medium-risk. Pepperstone offers competitive trading fees and pip spreads which gives it an overall trust score of 92 out of Rated 10 of Recommended FX Brokers.
Overall, Exinity can be summarised as a credible and trusted broker that offers regional services plus local regulation by the CMA in Kenya. Exinity provides Contracts for Difference CFDs and low spreads on multiple trading instruments. Rated of Recommended FX Brokers. Overall, Scope Markets is very competitive in terms of its trading fees and spreads. Scope Markets can be summarised as a safe and well-regulated broker with a trust score of 90 out of High Trust.
Scope Markets. Overall, FXPesa can be summarised as a trustworthy broker that provides Forex and CFD trading to retail traders in Kenya. It is regulated by the Capital Markets Authority of Kenya. Overall, Windsor Brokers is very competitive in terms of its trading fees and spreads.
Windsor Brokersindsor bro can be summarised as a safe and well-regulated broker with a trust score of 90 out of High Trust. Overall, EGM Securities can be summarised as a credible and trustworthy broker and is considered low-risk with competitive trading fees and spreads.
EGM Securities has an overall trust score of 69 out of Rated 76 out of 76 Recommended FX Brokers. EGM Securities. Hotforex is regulated by Tier 1 and Tier 2 Trading Bodies. Hotforex has a high trust score of 90 out Rated 6 of Recommended FX Brokers. Each broker was graded on different variables, including our proprietary Trust Score algorithm. This innovative scoring system ranks the level of trustworthiness for each broker based on factors such as licenses, regulation and corporate structure.
Read about Trust Score here. As part of our annual review process, all brokers had the opportunity to provide updates and key milestones and complete an in-depth data profile, which we hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than. Learn more about how we test. There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.
Read more on forex trading risks. Steven Hatzakis is the Global Director of Research for ForexBrokers. Steven previously served as an Editor for Finance Magnates, where he authored over 1, published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U. as a Commodity Trading Advisor CTA. John Bringans is the Senior Editor of ForexBrokers.
An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.
Forex trading is a prevalent way of generating income online in this internet age, not just in Kenya, but worldwide. It would seem easy at a basic level; you only buy and exchange one foreign currency for another, but forex trading is deeper than that. The most successful forex traders did not become successful overnight. They spent their time mastering trading platforms , as well as studying signals, price movements, and the forex market.
By imitating their trading patterns, you not only learn, but you also make wins. Ken began trading forex far back in when he had just finished college. Forex trading was his go-to source for getting income online. Ken developed an interest in forex trading when he covered what it entails. According to him, he loved working with numbers, which is everything the forex market is about. He learned how to trade forex using free online sources, including YouTube training videos and ForexFactory articles.
As a new trader, Ken Githaiga made many trading mistakes, which resulted in the loss of funds. These mistakes were his biggest lessons, and it helped shape him to be the renowned forex trader he is today. Ken runs forex trading classes for new traders just to make sure the same mistakes are not repeated.
Interestingly, Ken spends an average of just 30 minutes studying forex charts now. According to Ken, you should have full confidence in your trading pattern to be a successful trader. From an individual trader to the CEO of a forex trading company, how much more can one be successful? His venture into forex trading was for the same reason as many people — to make money.
While hustling during his days at the Technical University of Kenya around , Paul came across an insurance broker and delved into the niche. Not long after, a friend of his introduced him to forex trading, and that was the calling for Paul. Paul believes that economic and political events are the biggest drivers of currencies in the forex market. According to him, forex traders should make sure they carry out proper market analysis before venturing into trading, to avoid losses. Instead, he sees forex trading as a bet where you make income by making smart moves.
Paul Mugenda runs mentorship programs in Kenya. According to Paul, this is his way of giving back. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Currently, he is the director of Nairobi School of Forex. He began trading forex in , and 3 years later, in , he launched his own forex trading company.
Obegi has contributed the most to forex trading in Kenya traditionally. Having been trading for close to a decade, he has helped develop over automated trading tools.
He advises traders to follow two major trading approaches — fundamental analysis and technical analysis. He also takes a strong stance in automated trading as he is a skilled programmer with certification in Python.
Before these traders got to the top, they started just as any regular trader. Although making the top list of forex brokers is not easy, such status takes years to achieve. However, if you spend quality time studying and understanding how the FX market works, practising, and trading, you too might get to the top with time. You could join the forex millionaires list and compete not just with the best forex traders in Kenya but the best forex traders in the world. All trading involves risk.
Only risk capital you're prepared to lose. Forex guide » Best Forex Traders In Kenya. In that view, here are the best forex traders in Kenya. Best Forex Traders In Kenya 1. Paul Mugenda Source: facebook.
Popular Forex brokers in Kenya Broker Regulated by Regulatory agencies ensure that brokers operate in a transparent and honest way.
Some of the major regulators in the industry include the CySEC in Cyprus, the FCA in the UK and the ASIC in Australia. deposit Trading platforms A trading platform is a computer or mobile software program used to execute transactions within the financial markets. Spreads from Spreads of the following companies can be as low as Special features A list of features that provide a given broker with a competitive edge.
Ad Disclosure The table below contains links to 3rd party websites of our top partners from whom we receive compensation at no additional cost to you. About Latest Posts.
Hi, I'm Michael and my area of expertise is forex and cryptocurrency trading. I specialize in intraday trading of G20 currencies and to anticipate potential market moves I utilize a fusion of both fundamental and technical analysis. My most current interest lays in cryptocurrencies, especially in Ethereum and in decentralized applications.
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Web10 Best Forex Brokers in Kenya () 🥇 Exness – Overall, Best Forex Broker in Kenya; 🥈 AvaTrade – CMA Regulated Forex Broker; 🥉 Pepperstone – High Kenyan Trust Score; 🏅 WebWhat is Forex Trading? Forex Trading is a foreign exchange of one currency for another. It allows individuals and businesses to trade currencies at different exchange rates within WebSilah Obegi is a top Forex trader in Kenya whose success was found in a more traditional sense. Obegi received a Bachelor of Business Management from Moi University, after WebPepperstone – Best Forex Broker In Kenya ; IC Markets – Top Forex Trading Platform In Kenya ; eToro – Top Social Platform With Copy Trading ; Plus – Good CFDs + WebThe following are the top forex brokers for kistele traders: Traders – Get Best forex Brokers – fxPesa – Best forex Broker in Kenya. I would recommend HotForex – Low spread WebPepperstone is renowned worldwide for its ultra fast execution and razor thin spreads, making it one of the world's best retail forex brokers. With offices and licenses in ... read more
Overall, Pepperstone can be summarised as a credible and trustworthy broker. Contact Us. Plus offers 12 cryptocurrencies traded with a maximum leverage of and fixed spreads of Visit FXPesa Read FXPesa Review. Yes or No.ATC Brokers 6. The minimum commission starts from:. AvaTrade Spread Comparison, forex trading agents in kenya. You can start forex trading with fixed spreads on 55 currency pairs. easyMarkets dealCancellation is an innovative tool that allows Forex traders to cancel a losing position for a certain fee within a particular time period 1, 3, or 6 hours.