Best Forex Broker in Kenya 2018 (TOP 10 List)

Read the TOP 10 list of the best forex brokers in Kenya for year 2018.

Kenya brokerForex Broker's Name Trader's ScoreBonusMinimum depositMax. LeverageTrading PlatformRegulation & LicenseOur Review

9.5 / 10 $30 FREE*$5888:1MetaTrader 4
MetaTrader 5
Android/iOS Apps
+ FCA U.K.XM review

**Your capital is at risk
9.3 / 10 -$10500:1WebTrader
Android/iOS Apps
+ CySEC
IQ OPTION review

9 / 10
-$200400:1CopyTraderâ„¢

+ FCA U.K.
+ CySEC
eToro review
4.9 / 10 100%**

$50 500:1MetaTrader 4+ CySEC
+ FSB South Africa
HotForex review
5.
9 / 10 -$1000200:1MetaTrader 4+ FCA U.K.
+ DFSA Dubai
6.8.6 / 10 40%$100400:1MetaTrader 4
+ Central Bank of Ireland
+ FSB South Africa
AvaTrade review
7.7.6 / 10 -$100300:1MetaTrader 4+ CySEC
+ FSB South Africa
Markets.com review
8.
**CFD Service. 80.6% lose money
7 / 10 -$100--WebTrader+ FCA U.K.
9.6.8 / 10 -$100200:1MetaTrader 4CySEC
10.6 / 10 -$100300:1MetaTrader 4CySEC

forex broker kenya

Who Regulates Forex Brokers in Kenya ?

More and more middle class Kenyans invest in forex trading. Therefore the local finance market cleanup from unscrupulous companies was inevitable.

Capital Market Authority (CMA) is the state finance markets watchdog located in the capital Nairobi. If anyone opens up a new local forex company, they must get the local license from CMA office. In order to obtain a CMA license a company must have a minimum capital of Sh50 million. Recently in 2017 the CMA has cracked down on thousands of illegal forex companies in Kenya.

We strongly advise you to trade only regulated forex brokers, for example those who you can find  in our review table on this page. The most trusted regulatotion bodies are british FCA, Cyprus CySEC and Australian ASIC.

Best Forex Broker in Kenya 2018 (TOP 10 List)
3 (60%) 1 vote