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Licensed Forex Brokers in Kenya

10 Licensed Forex Brokers in Kenya

Kenya is a great destination for forex trading, with a range of highly-rated and regulated brokers offering a variety of services and competitive trading conditions. These brokers are subject to the laws of that jurisdiction, which often involve stringent requirements for financial stability, customer protection, and anti-money laundering measures. These brokers are all secure and provide traders with a range of trading platforms, competitive spreads, fast execution, and a wide range of currencies. The brokers also offer educational materials and customer support to help traders get the most out of their trading. In addition, they have a dedicated customer support team to help their customers.

1. LiteForex

LiteForex is a well-known and respected broker in Kenya. They have been in business since 2005 and have a good reputation for providing reliable and secure trading services. They are regulated by the Central Bank of Kenya and have a good track record of providing excellent customer service.

Lite Forex offers a range of account types to suit different trading styles and budgets. These include Standard, Pro, VIP, and ECN accounts. All accounts offer access to a wide range of markets, including Forex, CFDs, commodities, indices, and stocks. They have a dedicated customer support team available 24/7 via email, phone, and live chat. They also offer a range of educational materials and resources to help traders get the most out of their trading experience.

All deposits and withdrawals are processed quickly and securely and their withdrawal methods, include bank transfers, credit/debit cards, e-wallets, and local payment methods. They offer a margin call facility, which allows traders to manage their risk and protect their capital. In addition, Lite Forex offers leverage of up to 1:500, they also charge a commission on all trades, as well as a spread. The commission and spread vary depending on the account type and the instrument being traded.

2. Grand Capital

Grand Capital is a leading Forex broker in Kenya that offers a wide range of services to its clients. The company has built a strong reputation for providing reliable and secure trading services, as well as excellent customer service. Grand Capital offers a variety of account types to suit different trading styles and strategies. These include Standard, ECN, Swap-Free, and Crypto accounts. All accounts come with a range of features, such as leverage, tight spreads, and fast execution.

The company provides 24/7 customer support via email, phone, and live chat. Grand Capital offers a variety of deposit and withdrawal methods, including bank wire transfers, credit/debit cards, and e-wallets.

Grand Capital offers a margin call policy to protect clients from excessive losses. If the margin level falls below the required level, the broker will close out the position to prevent further losses. In addition, the company offers leverage up to 1:1000, and they charge fees depending on the account type. The fees are competitive and are designed to help traders maximize their profits.

3. HF Markets

HF Markets is a leading Forex broker in Kenya offering a wide range of trading services. The broker is regulated by the Capital Markets Authority of Kenya and is considered to have a strong regulatory reputation. HF Markets offers a range of account features, including the ability to open multiple accounts, swap-free trading, the ability to trade using Expert Advisors, and access to a range of educational materials.

This company provides a high level of customer service, with a team of knowledgeable and experienced staff members available to assist traders. The broker offers 24/7 customer support via live chat and email. They also offer a range of deposit and withdrawal methods, including bank transfers, credit cards, and e-wallets, and deposits are usually processed within minutes, while withdrawals usually take up to two business days.

HF Markets offers margin calls leverage, and low fees. The broker offers up to 1:500 leverage and 0.01% fees, which is considered to be competitive in the industry.

4. IG forex

IG is a global forex broker, with offices in over 15 countries, and a presence in Kenya since 2019. It provides a wide range of services, including currency trading, CFDs, spread betting, and social trading. The broker’s platform is easy to use and offers a range of trading tools and analysis, as well as competitive spreads and leverage.

The IG Forex Traders have a great regulatory reputation and are authorized by the Capital Markets Authority (CMA). They also offer a range of customer service options including online chat, email, telephone, and SMS. The IG Forex Traders also accept a variety of deposit and withdrawal methods including debit cards, credit cards, e-wallets, and bank transfers.

They also provide traders with a margin call, a leverage up to 1:400, and a range of fee structures to suit different trading styles. These include a commission-based model and a spread markup model. They also have a variety of educational resources available to help traders learn more about the forex market and develop their trading strategies.

5.FxPesa

FXPesa is a forex broker based in Kenya, offering online trading services to its clients. The broker is regulated by the Central Bank of Kenya and is compliant with the International Financial Services Commission. The company offers a range of account types to suit the needs of different types of traders. These include Standard, Advanced, and Professional Account types. Each account type offers different levels of trading leverage, spreads, and commission fees.

The company offers a demo account for customers who want to try out the platform and its features before committing to a live account. They accept deposits via local bank transfer and M-Pesa and Pesalink. Withdrawals can also be made via local bank transfer and through payment solutions.

The broker also offers margin calls and leverage of up to 1:200, allowing traders to maximize their profits with a lower risk profile. Additionally, FXPesa charges no commission fees for its services, making it a great option for traders looking to save on trading costs. In addition, it charges a wide range of fees for its services which include spreads, commissions, and overnight rollover fees. The broker also charges a withdrawal fee for bank transfers and a fee for using foreign currency.

6. Windsor Brokers

Windsor Brokers has a strong reputation in the Kenyan market and is highly regarded by traders. The company is regulated by the Cyprus Securities and Exchange Commission and is a member of the Investor Compensation Fund.

Windsor Brokers offers a range of account types to suit different trading styles and strategies. These include the Standard Account, the Professional Account, the VIP Account, and the Islamic Account. All accounts offer competitive spreads, fast execution, and access to a wide range of markets.

The company has a dedicated team of customer service representatives who are available 24/7 to answer any queries or concerns. Windsor Brokers offers a range of deposit and withdrawal methods, including bank transfers, credit/debit cards, and e-wallets and all deposits and withdrawals are processed quickly.

The company offers a margin call facility to protect traders from excessive losses. If the margin level falls below the required level, the broker will close out the position to prevent further losses. Windsor Brokers offers leverage of up to 1:500. The company doesn’t charge any commissions or fees on trades. However, there is a small overnight fee for positions held overnight.

7. Exness

Exness is a leading Forex broker in Kenya that offers a wide range of services to its customers. It has a great reputation in the market and is known for its excellent customer service. The company is regulated by the Financial Markets Authority and is a member of the Financial Services Complaints Ltd.

Exness offers a range of account types to suit different trading styles and strategies. The company offers a Standard Account, a Pro Account, and a VIP Account. Each account type has its features and benefits, such as leverage, spreads, and minimum deposit requirements. The broker also offers a wide range of deposit and withdrawal methods, including bank transfers, credit cards, and e-wallets.

The company offers a margin call facility, which allows traders to manage their risk and protect their capital. Exness offers leverage of up to 1:500 on its Standard Account and up to 1:2000 on its Pro and VIP Accounts, this is to allow traders to increase their potential profits. Exness does not charge any commissions on its trades. However, the company does charge a small fee for deposits and withdrawals. The fees vary depending on the payment method used.

8. Pepperstone

Pepperstone forex broker in Kenya is a reputable broker with a strong regulatory reputation. It is regulated by the Central Bank of Kenya, thus ensuring that all the trading activities of clients fall within the framework of the law. The broker also offers a wide range of account features, such as low-margin requirements, flexible leverage, and a variety of trading tools.

The company provides excellent customer service with knowledgeable and experienced staff who are available to answer any questions customers may have. They offer a wide range of deposit and withdrawal methods to their customers, including credit and debit cards, bank wire transfers, and e-wallets. All deposits and withdrawals are fast and secure, and customers can get help if they encounter any difficulty. Pepperstone forex broker in Kenya also offers margin calls, and a leverage of up to 500:1, allowing traders to maximize their profits.

9. Scope Market

Scope Markets is a forex broker based in Kenya that provides a range of services and features to its customers. The company has a strong regulatory reputation and is regulated by the Capital Markets Authority of Kenya, ensuring security and trust in the services offered.

Customers can choose between two different account types, the Standard Account and the ECN Account. Both accounts feature competitive spreads and leverage up to 1:500. Scope Markets also offers comprehensive customer service with 24/5 support through live chat, email, and phone.

Deposits and withdrawals can be made through a range of payment methods, including bank wire transfer, Visa, and MasterCard. Scope Markets also offers margin call and stop-out levels to minimize losses. Leverage is provided up to 1:500 and customers have access to a wide range of trading tools and resources.

10. Exinity

Exinity is one of the leading forex brokers in Kenya, offering a wide range of services to traders. The company is regulated by the Capital Markets Authority of Kenya and is a member of the Financial Services Complaints Commission. Exinitty is also a member of the Financial Services Compensation Scheme, which protects traders in the event of insolvency.

The company offers a range of account types, including standard, mini, and VIP accounts. Each account type has its own set of features, such as leverage, margin call, and stop-loss orders. The company also offers a range of trading platforms, including MetaTrader 4, cTrader, and WebTrader.

Exinity company offers a range of educational resources, including webinars, tutorials, and trading guides. They have a dedicated customer support team with their customer service representatives available to answer any questions or concerns. The company offers a range of deposit and withdrawal methods, including bank transfers, credit cards, and e-wallets. The company also offers a range of payment processors, such as Skrill, Neteller, and PayPal.

They offer a margin call facility and a range of leverage options, ranging from 1:1 to 1:500. The company charges a range of fees, including spreads, commissions, overnight fees, and a withdrawal fee for certain payment methods.

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