Kenya Forex Trading

Forex Trading in Kenya has recently become popular among its residents. Kenya is considered to be one of the largest and most productive economies in Africa which results in emerging of Forex brokers and growth of Kenyan traders. It is still important to be well-informed about Forex trading in Kenya, regulations and requirements to know which brokers are safe to invest and trade with. 

Regulations

The main regulatory body in Kenya is the Capital Markets Authority (CMA), formed in 1989 and responsible for supervising, licensing and monitoring Forex business in the country. 

All the Forex brokers in Kenya are recommended to get licensed by the CMA. The CMA is a reliable and respected regulator that obeys the strict rules and guarantees investors protection. There is a downside though, the CMA does not have a compensation scheme for the traders. 

In order to get more information on broker’s licensing or check the records in the regulators register, check the CMA Website. 

Which Forex Broker is the Best in Kenya?

Firstly, a good broker is a licensed broker, not necessarily licensed by Kenya CMA, but also by any other well-respected authority that allows brokers to accept traders from Kenya. Secondly, the broker’s offer itself should have good trading conditions, proper education and support. Some of the best Forex brokers in Kenya are Pepperstone and HotForex.

Best Forex Brokers in Kenya

Our list of Brokers in Kenya consists of the Regulated brokers only, which are advised and safe to invest with, also defined according to the specified criteria.

• BDSwiss– Best Overall Broker in Kenya 2023
• Pepperstone – Lowest Spread Broker in Kenya 2023
• BlackBull Markets – Best MT4 Broker in Kenya 2023
• FP Markets – Best Broker for Beginners in Kenya 2023
• HotForex – Best for Scalping and EA Trading 2023

Kenya Forex Brokers List

These are the regulated brokers that accept clients from Kenya:

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