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. 


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. 

🛡️Is It safe to tradeYes
🔒Negative Balance ProtectionYes
💰Compensation SchemeNo

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.

Kenya Forex Brokers List

These are the regulated brokers that accept clients from Kenya:

Broker Detail
Min. Deposit: 5 US$
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, MT5, HFM Trading App
Regulation: CySEC, FCA, DFSA, FSCA, FSA, CMA
HFM Review
BlackBull Markets logo BlackBull Markets
Min. Deposit: 0 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5
Regulation: FMA, FSA
BlackBull Markets Review
FPM logo FP Markets
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: IRESS, MT4, MT5, cTrader
Regulation: ASIC, CySEC, St. Vincent and the Grenadines, FSP
FP Markets Review
Pepperstone Review Pepperstone
Min. Deposit: 200 US$
Max. Leverage: 1:30 to 1:400
Trading Platforms: MT4, MT5, cTrader, TradingView
Pepperstone Review
BDSwiss Review BDSwiss
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, BDSwiss Webtrader and App
Regulation: FSC, FSA
BDSwiss Review
FXchoice Review logo FXChoice
Min. Deposit: $100
Max. Leverage: 1:200
Trading Platforms: MT4, MT5
Regulation: FSC
FXChoice Review
Min. Deposit: 1 USD
Max. Leverage: 1:3000
Trading Platforms: MT4, MT5, FBS trader
Regulation: CySEC, FSC, FSCA, ASIC
FBS Review
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, TradingView
Regulation: ASIC, SCB
Eightcap Review
Min. Deposit: US$100
Max. Leverage: 1:500
Trading Platforms: MT4
Regulation: MFSC
Orbex Review
Min. Deposit: No minimum deposit
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4
Regulation: CySEC, SVG FSA
FXCC Review