Best Forex Brokers To Trade With in Kenya for 2020

Top Brokers

Forex Trading In Kenya

As with most countries in Africa, forex trading has seen a significant increase in popularity across Kenya over the past few years. Although forex trading is not illegal in Kenya, it is considered a grey area and local residents are advised to trade with a broker who is authorized by the Capital Markets Authority(CMA) in Kenya – https://www.cma.or.ke/

If you want to learn more about forex trading and how it works , click here to visit our Beginners Guide to Forex.

Featured Forex Brokers

We decided to do all the hard work for you and guide you through the all the noise of the financial betting market. Our team of expert analysts, has created a unique collection of forex broker reviews, based on various criteria and data points for you to choose from.

Avatrade

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FPMarkets

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CMTrading

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NSBroker

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IQ Option

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Forex Regulation in Kenya

The Capital Markets Authority(CMA) is the regulatory body for all financial services and activities in Kenya. It was established in 1989 in the city of Accra. Nevertheless, it is not required to get authorization from the Capital Markets Authority of Kenya, in order to offer financial services and forex trading to the residences of Kenya.

However, it is advised to choose a regulated broker with a Tier 1 license like Cysec, FCA, FSCA or ASIC to make sure your funds are protected.

Top Brokers

Best Forex Brokers In Kenya

Methodology

All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam. We analyze more than 3000 data points across 8 key focus areas. 

Our reviews are a combination of data research and working along side with the brokers. All information povided by the brokers are double checked to guarantee 100% accuracy and that we remain unbiased.

Read more about our methodology and how we do our tests and reviews here.