5 International Forex Brokers that accept Kenyan Traders

International Brokers that accept Kenyan Traders

Overview

Forex trading is considered as one of the most lucrative online business and activities in the world. Forex trading in countries across Africa are showing increased emergence into the forex market and Kenya is no exception.

One of the main reasons why many Kenyans are entering the forex market is due to international brokers offering their services to countries in Africa, unregulated and regulated.

Kenyan traders are urged to only use the services of regulated brokers to ensure that the safety of their funds is not compromised in any way.

The following list of international brokers that accept Kenyan traders should help traders in identifying a regulated, reputable broker that can cater for their individual trading needs and objectives.

IG

IG is a multi-regulated STP, ECN, and DMA broker which has been in operation since 1974, offering traders around the world with comprehensive trading solutions. Traders have access to a variety of financial instruments which can be traded through several powerful trading platforms.

Pros and Cons

PROS CONS
Multi-regulated Limited online payment processors
Variety of trading platforms offered
More than 16,000 financial instruments
Tight spreads, low commissions
Variety of trading tools

 

XTB

XTB has been operating since 2004 and offers Kenyan traders with superior trade execution through reliable and award-winning trading platforms, a variety of tradable financial instruments, trading tools, education, and dedicated customer support.

Cons

PROS CONS
Tight spreads US clients not allowed
Strictly regulated Fixed spreads not offered
Award-winning trading platforms Limited exotic forex pairs offered
Dedicated personal account manager
Trading academy

eToro

eToro is a popular and reputable broker along with being the leading online social trading platform. eToro offers flexible methods for investing in a wide array of assets and copying other traders.

When trading with eToro, Kenyan traders have access to an intuitive platform and a variety of analytical tools, amidst numerous other features.

Cons

PROS CONS
Strict regulation US Clients not accepted
Commission-free trading Limited leverage for retail traders
Large online trading community Fixed spreads not offered
Proprietary trading platform Metatrader not offered
Popular investor programme offered

Forex.com

Forex.com is a popular and reputable online trading broker which has regulation with multiple reputable entities. Kenyan traders have access to more than 300 financial instruments which can be traded using Forex.com’s competitive trading conditions.

Cons

PROS CONS
Strictly regulated Fixed spreads not offered
Commission-free trading accounts Limited payment methods
DMA Accounts
US Clients accepted
Execution scorecard

 

AvaTrade

AvaTrade is a popular and award-winning broker that connects Kenyan traders to global markets. Traders have access to more than 250 financial instruments which can be traded through powerful, reliable trading platforms.

With offices in numerous jurisdictions, AvaTrade offers its trading solutions and services to numerous traders around the world. Kenyan traders can expect competitive trading conditions, multilingual support which is available 24/5, and some of the best trading solutions.

Cons

PROS CONS
Strict regulations US Clients not accepted
Negative balance protection Variable spreads not offered
Award-winning broker
Fast trade execution speeds
Fixed spreads

 

Open a FREE Trading Account – Click here

Image Credit: Supplied