6 Best Forex Brokers in Kenya
The 6 Best Forex Brokers in Kenya – Rated and Reviewed. We have listed the Best Forex Brokers that accept Kenyan Traders.
In this in-depth guide, you will learn:
- Top Forex Brokers for Kenyan Traders
- Detailed Broker Reviews
- Account Types and Features Offered
- Trading Platforms Available
- Fees and Spreads Breakdown
- Customer Support and Local Payment Options
and much, MUCH more!
| 🔎 Broker | 🚀Open an Account | 💴 Min. Deposit | ⭐ Trust Score (5) |
| 🥇 HFM | 👉 Click Here | None | 4.8 |
| 🥈 IG | 👉 Click Here | None | 4.8 |
| 🥉 Interactive Broker | 👉 Click Here | None | 4.9 |
| 🏅 XTB | 👉 Click Here | None | 4.6 |
| 🎖️ Forex.com | 👉 Click Here | 100 USD | 4.7 |
| 🥇 AvaTrade | 👉 Click Here | 100 USD | 4.8 |
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker |
| 🥈 |  | Read Review | FSCA, IFSC, ASIC, CySEC, DFSA, FCA | USD 5 | Visit Broker |
| 🥉 |  | Read Review | FCA, FSCA, FSC, CMA | USD 200 | Visit Broker |
| 4 |  | Read Review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | USD 200 | Visit Broker |
| 5 |  | Read Review | FSC, FSA, VFSC | USD 10 | Visit Broker |
| 6 |  | Read Review | CySEC, MISA, FSCA | USD 25 | Visit Broker |
| 7 |  | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker |
| 8 |  | Read Review | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA | USD 10 | Visit Broker |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker |
| 10 |  | Read Review | IFSC, FSCA, ASIC, CySEC | USD 1 | Visit Broker |
6 Best Forex Brokers in Kenya (2024)
- ☑️ HFM – Overall, the Best Forex Broker in Kenya
- ☑️ IG – The Best Overall Trading Experience
- ☑️ Interactive Brokers – Impressive Proprietary offerings
- ☑️ XTB – High User Trust Score
- ☑️ Forex.com – Best Online Trading Experience
- ☑️ AvaTrade – The Best Mobile Trading Experience
1. HFM
Founded in 2010, HFM is a trusted forex and CFD broker serving over 1 million traders. Regulated in multiple regions, including by the FCA and CySEC, it offers platforms like MT4, MT5, and the HFM app for a seamless experience. HFM features low spreads from 0.0 pips, negative balance protection, and instant deposits, along with various account types and educational resources for traders of all levels.
| 🔎 Broker | 🥇 HFM |
| 📍 Year Founded | 2010 |
| 👤 Amount of staff | 200+ |
| 👥 Amount of active traders | Over 1 million |
| ↪️ Publicly Traded | No |
| 💴 Minimum Deposit | $0 |
| 📌 Regulation and Licenses | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA |
| ⏰ Support Hours | 24/5 |
| ⚙️ Trading Platforms | MT4, MT5, HFM Trading App |
| 🎁 Bonus Offers | ✅Yes |
| 🪙 Crypto Trading | ✅Yes |
| 🔃 Account Segregation | ✅Yes |
| 🚨 Negative balance protection | ✅Yes |
| ⭐ Investor Protection Schemes | Yes, up to €85,000 (FCA) |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | ✅Yes |
| ⏰ Avg. deposit processing time | Instant to 1 business day |
| ⏱️ Avg. Withdrawal processing time | 1-3 business days |
| 📈 Fund Withdrawal Fee | Varies by method, generally free |
| 📉 Spreads from | 0.0 pips |
| 📊 Commissions | Varies by account type and instrument |
| 💹 Number of base currencies | 40+ |
| 💱 Swap Fees | Varies by instrument and position duration |
| ⏸️ Leverage | Up to 1:1000 |
| ⏹️ Margin requirements | Varies by account and leverage |
| ☪️ Islamic account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| ⏲️ Order Execution Time | Typically milliseconds to seconds |
| 🖱️ VPS Hosting | Available |
| 📑 CFDs Total Offered | 1,000+ |
| 🗃️ CFD Stock Indices | ✅Yes |
| 🍎 CFD Commodities | ✅Yes |
| 📇 CFD Shares | ✅Yes |
| 💴 Deposit Options | Bank transfer, credit/debit cards, e-wallets |
| 💶 Withdrawal Options | Bank transfer, credit/debit cards, e-wallets |
| 🚩 OS Compatibility | Windows, macOS, iOS, Android |
| ⚙️ Forex trading tools | Economic calendar, trading signals, market analysis tools |
| 🥰 Live chat availability | ✅Yes |
| 💌 Support Email | Contact Form |
| ☎️ Support Contact | Varies by Region |
| 🐦 Social Media | Facebook, Twitter, LinkedIn, YouTube |
| 🗯️ Languages on Website | English, Spanish, German, Arabic |
| ✏️ Forex course | ✅Yes |
| 📔 Webinars | ✅Yes |
| 📚 Educational Resources | Articles, Videos, Tutorials |
| 🫰🏻 Affiliate program | ✅Yes |
| 🫶 Amount of partners | Numerous |
| 🤝 IB Program | ✅Yes |
| 🏆 Sponsor notable events/teams | ✅Yes |
| 💷 Rebate program | ✅Yes |
| 🅰️ Cent Accounts | ✅Yes |
| 🅱️ Zero Accounts | ✅Yes |
| 😊 Suited to Beginners | ✅Yes |
| 😎 Suited to Professionals | ✅Yes |
| 🌟 Suited to Active Traders | ✅Yes |
| ▶️ Suited to Scalpers | ✅Yes |
| 🌞 Suited to Day Traders | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| High-Trust Score | Small range of tradable assets |
| Low Min. Deposit | Limited Customer Support |
| MT4 and MT5 | Limited Base Account Currency |
Frequently Asked Questions
What is the minimum deposit required to open an account with HFM?
There is no minimum deposit requirement to open an account with HFM, allowing traders to start with any amount.
Does HFM offer any bonus offers for new traders?
Yes, HFM provides bonus offers to new traders, which can help enhance their trading experience.
What is the withdrawal processing time for HFM?
Withdrawals typically take 1-3 business days, depending on the payment method used.
Does HFM offer educational resources?
Yes, HFM offers a range of educational resources including articles, videos, webinars, and even a Forex course to help traders of all skill levels improve.
Our Insights
HFM stands out as a solid choice for both beginners and professional traders. With its comprehensive regulatory framework, low minimum deposit, and powerful trading platforms, HFM offers a well-rounded trading experience.
2. IG
Founded in 1974, IG is a globally recognized broker serving over 300,000 traders. Regulated by top authorities like the FCA and ASIC, IG offers a wide range of trading platforms, including MT4 and its proprietary app. With low spreads from 0.6 pips, negative balance protection, and a variety of educational resources, IG caters to both retail and institutional traders.
| 🔎 Broker | 🥇 IG |
| 📌 Year Founded | 1974 |
| 👤 Amount of Staff | 2,000+ |
| 👥 Amount of Active Traders | 300,000+ |
| 📍 Publicly Traded | ✅Yes |
| 🛡️Regulation | FCA, ASIC, CFTC, NFA, BaFin |
| 🌎 Country of Regulation | UK, Australia, US, Germany |
| ↪️ Account Segregation | ✅Yes |
| 🚨 Negative Balance Protection | ✅Yes |
| ⭐ Investor Protection Schemes | ✅Yes |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 💴 Minor Account Currencies | USD, EUR, GBP |
| 💶 Minimum Deposit | $250 |
| ⏰ Average Deposit/Withdrawal Processing Time | 1-3 business days |
| 💷 Fund Withdrawal Fee | None |
| 📈 Spreads from | 0.6 pips |
| 📉 Commissions | None |
| 💰 Number of Base Currencies Supported | 5 |
| 📊 Swap Fees | Applicable |
| ⚙️ Leverage | Up to 1:30 (Retail) |
| 🔖 Margin Requirements | Varies by asset |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| ⏲️ Order Execution Time | 0.1 seconds |
| 🖱️ VPS Hosting | ✅Yes |
| ✔️CFDs Total | 17,000+ |
| 📌 CFD Stock Indices | 80+ |
| 🍎 CFD Commodities | 30+ |
| 📍 CFD Shares | 12,000+ |
| 💴 Deposit Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill |
| 💶 Withdrawal Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill |
| 🖥️ Trading Platforms | MetaTrader 4, ProRealTime, L2 Dealer, IG Trading Platform |
| 💻 OS Compatibility | Windows, MacOS, Android, iOS |
| 📐 Forex Trading Tools | Economic calendar, Autochartist, Trading signals |
| 🥰 Live Chat Availability | ✅Yes |
| 💌 Customer Support Email | ✅Yes |
| ☎️ Customer Support Contact Number | ✅Yes |
| 💙 Social Media Platforms | Facebook, Twitter, LinkedIn |
| ✏️ Languages Supported | Multiple languages |
| 📔 Forex Course | ✅Yes |
| 📚 Webinars | ✅Yes |
| 📒 Educational Resources | Articles, Videos, Tutorials |
| 📑 Affiliate Program | ✅Yes |
| 🗃️ Amount of Partners | Not specified |
| 🗄️ IB Program | ✅Yes |
| 📇 Notable Events or Teams | ✅Yes |
| 🪙 Rebate Program | ✅Yes |
| 💴 Cent or Micro Accounts | None |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Access to over 17,000 instruments across markets | Limitations on customer support hours |
| Investing opportunities for high-volume traders | Inactivity fees apply |
| Several advanced Trading platforms | IG is not available in all regions |
Frequently Asked Questions
What is the minimum deposit for an IG account?
The minimum deposit is $250 to start trading with IG.
Does IG offer Islamic accounts?
Yes, IG provides Islamic accounts with no interest or swap fees.
Are there withdrawal fees with IG?
No, IG does not charge withdrawal fees.
Can I trade on IG with mobile devices?
Yes, IG supports mobile trading via apps for both Android and iOS.
Our Insights
IG is a trusted and well-regulated broker with a strong reputation since 1974. It offers competitive spreads, a wide range of trading instruments, and excellent educational resources. Ideal for both beginners and professional traders, IG’s low deposit requirement, negative balance protection, and robust trading tools make it a top choice for global traders.
3. Interactive Brokers
Founded in 1978, Interactive Brokers is a well-established broker with over 2 million active traders. Regulated in multiple regions, including the US, UK, and Australia, it offers a wide range of trading platforms like TWS and IBKR Mobile. With no minimum deposit, competitive spreads, and advanced trading tools, Interactive Brokers is a top choice for both retail and institutional traders.
| 🔎 Broker | 🥇 Interactive Brokers |
| 📌 Year Founded | 1978 |
| 👤 Amount of Staff | Approximately 2,700 |
| 👥 Amount of Active Traders | Over 2 million active traders |
| 📍 Publicly Traded | NASDAQ - IBKR |
| 🧾 Regulation | High |
| 🌎 Country of Regulation | USA (SEC, FINRA), UK (FCA), Australia (ASIC) |
| ↪️ Account Segregation | ✅Yes |
| 🚨 Negative Balance Protection | ✅Yes |
| 🛡️ Investor Protection Schemes | SIPC |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | ✅Yes |
| 💴 Minor Account Currencies | 15+ |
| 💶 Minimum Deposit | None |
| ⚡ Average Deposit/Withdrawal Processing Time | 1-3 business days |
| 💵 Fund Withdrawal Fee | Typically free |
| 📈 Spreads From | Variable |
| 📉 Commissions | Variable |
| 📊 Base Currencies | 20+ |
| 💹 Swap Fees | ✅Yes |
| 💱 Leverage | Up to 1:40 (Retail Clients) |
| 📐 Margin Requirements | Varies |
| ☪️ Islamic Account | None |
| 🆓 Demo Account | ✅Yes |
| ⏰ Order Execution Time | Milliseconds |
| 🖱️ VPS Hosting | Free |
| 📈 CFDs Total | Thousands |
| 📉 CFD Stock Indices | ✅Yes |
| 🍎 CFD Commodities | ✅Yes |
| 📊 CFD Shares | ✅Yes |
| 💴 Deposit Options | Bank wire, ACH, credit/debit |
| 💶 Withdrawal Options | Bank wire, ACH, credit/debit |
| 🖥️ Trading Platforms | Trader Workstation (TWS), IBKR Mobile, WebTrader |
| 💻 OS Compatibility | Windows, macOS, iOS, Android |
| 🖱️ Forex Trading Tools | Advanced charting, market scanners, etc. |
| 🥰 Live Chat Availability | ✅Yes |
| 💌 Support Email Address | [email protected] |
| ☎️ Support Contact Number | +1-877-442-2757 |
| 💙 Social Media Platforms | Facebook, Twitter, |
| 🔊 Languages Supported | English, Spanish, Chinese, Japanese |
| ✏️ Forex Course | ✅Yes |
| 📔 Webinars | ✅Yes |
| 📚 Educational Resources | ✅Yes |
| 🤝 Affiliate Program | ✅Yes |
| 🫶 Amount of Partners | Numerous |
| 🫰🏻 IB Program | ✅Yes |
| 📌 Do They Sponsor Any Notable Events or Teams | ✅Yes |
| 📍 Rebate Program | ✅Yes |
| 🥇 Suited to Beginners | ✅Yes |
| 🥈 Suited to Professionals | ✅Yes |
| 🥉 Suited to Active Traders | ✅Yes |
| 🏅 Suited to Scalpers | ✅Yes |
| 🎖️ Suited to Day Traders | ✅Yes |
| 🚀Open an Account | 👉 Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low trading fees | High minimum deposit for some accounts |
| Wide range of instruments | Complex platform for beginners |
| Advanced trading tools | Limited educational resources |
| Regulated by top authorities | No VPS hosting available |
| High leverage options | Limited customer support hours |
Frequently Asked Questions
What is the minimum deposit to open an account with Interactive Brokers?
There is no minimum deposit required to open an account with Interactive Brokers.
Does Interactive Brokers offer Islamic accounts?
No, Interactive Brokers does not provide Islamic accounts.
Are there any fees for withdrawing funds?
Withdrawals are typically free, depending on the method used.
Can I trade using a mobile device with Interactive Brokers?
Yes, Interactive Brokers offers mobile trading through the IBKR Mobile app for iOS and Android.
Our Insights
Interactive Brokers is a highly reputable broker with a long history of service to over 2 million traders. Its low entry barriers, advanced trading tools, and extensive educational resources make it ideal for experienced traders. While lacking Islamic accounts, its wide range of assets, no minimum deposit, and top-tier regulatory status ensure it’s a strong choice for serious investors.
4. XTB
Founded in 2002, XTB is a well-regulated broker serving over 500,000 traders globally. With regulations from the FCA and CySEC, XTB offers a range of trading platforms, including xStation 5, and supports spreads from 0.1 pips. The broker provides educational resources, Islamic accounts, and a variety of deposit options, making it a solid choice for retail and institutional traders.
| 🔎 Broker | 🥇 XTB |
| 📌 Year Founded | 2002 |
| 👤 Amount of Staff | Approximately 2,000 |
| 👥 Amount of Active Traders | Over 500,000 |
| 📍 Publicly Traded | Warsaw Stock Exchange (WSE) |
| 📈 Regulation | FCA, KNF, IFSC, CySEC |
| 🌎 Country of Regulation | UK (FCA), Poland (KNF) |
| 📉 Account Segregation | ✅Yes |
| 📊 Negative Balance Protection | ✅Yes |
| 💹 Investor Protection Schemes | ✅Yes |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 💰 Minor Account Currencies | Major, Minor |
| 💴 Minimum Deposit | Varies by account type |
| ⚡ Average Deposit/Withdrawal Processing Time | 1-3 business days |
| 💶 Fund Withdrawal Fee | None |
| 📐 Spreads From | From 0.1 pips |
| 💶 Commissions | Variable |
| 💵 Number of Base Currencies Supported | 30+ |
| 💷 Swap Fees | ✅Yes |
| 🔖 Leverage | Up to 1:500 |
| 🏷️ Margin Requirements | Varies |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| 🖇️ Order Execution Time | Milliseconds - Seconds |
| 🖥️ VPS Hosting | Select accounts |
| 📈 CFDs Total Offered | Over 2,000 |
| 📉 CFD Stock Indices | Major global indices |
| 🍎 CFD Commodities | Oil, gold, etc. |
| 📊 CFD Shares | ✅Yes |
| 💴 Deposit Options | Bank transfer, credit/debit, e-wallets, etc. |
| 💶 Withdrawal Options | Bank transfer, credit/debit, e-wallets, etc. |
| 🖱️ Trading Platforms | xStation 5 |
| ⭐ OS Compatibility | Windows, macOS, iOS, Android |
| ⚙️ Forex Trading Tools | Charting tools, technical analysis |
| 🥰 Live Chat Availability | ✅Yes |
| ☎️ Customer Support Contact Number | Varies by region |
| 💙 Social Media Platforms | Twitter, Facebook, LinkedIn, |
| 🚩 Languages Supported | Multiple languages |
| ✏️ Forex Course | ✅Yes |
| 📔 Webinars | ✅Yes |
| 📚 Educational Resources | Articles, tutorials, etc. |
| 🤝 Affiliate Program | ✅Yes |
| 🫶 Amount of Partners | Numerous global partners |
| 🫰🏻 IB Program | ✅Yes |
| 🔖 Notable Events or Teams | ✅Yes |
| 🏷️ Rebate Program | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Islamic Account | Inactivity fee |
| Free Deposit and Withdrawal | High conversion fee |
Frequently Asked Questions
What is the minimum deposit for opening an XTB account?
The minimum deposit varies depending on the account type.
Does XTB offer Islamic accounts?
Yes, XTB provides Islamic accounts with no interest or swap fees.
Are there fees for withdrawing funds from XTB?
No, XTB does not charge withdrawal fees.
Can I trade with XTB on mobile devices?
Yes, XTB offers mobile trading through its xStation app for both iOS and Android.
Our Insights
XTB is a reputable broker with strong regulations and a user-friendly platform. With competitive spreads, educational tools, and a variety of account types, it caters to traders of all levels. The broker’s flexibility, including Islamic accounts and no withdrawal fees, makes it a solid choice for both retail traders and institutional clients.
5. Forex.com
Founded in 2001, Forex.com is a publicly traded broker known for its strong regulation, including from the FCA and CFTC. With a minimum deposit of $100, Forex.com offers various account types, including standard, raw spread, and MetaTrader accounts. It provides competitive spreads from 0.0 pips, educational resources, and robust trading tools, making it suitable for traders of all levels.
| 🔎 Broker | 🥇 Forex.com |
| 📌 Year Founded | 2001 |
| 👤 Amount of Staff | Over 700 |
| ⭐ Publicly Traded | Listed on NASDAQ |
| 📍 Regulation and Security | High |
| 🛡️ Regulation | FCA, CFTC, ASIC |
| 🔃 Account Segregation | ✅Yes |
| 🚨 Negative Balance Protection | ✅Yes |
| 🛎️ Investor Protection Schemes | Under respective regulations |
| 🔖 Account Types and Features | Standard, Raw Spread, MetaTrader |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | ✅Yes |
| ➡️ Minor Account Currencies | Several, including minor currencies |
| ↘️ Minimum Deposit | 100 USD |
| ⏰ Avg. Deposit Processing Time | Instant to 1 business day |
| ⏱️ Avg. Withdrawal Processing Time | 1-5 business days |
| 🪙 Fund Withdrawal Fee | Varies by method |
| 💰 Spreads From | 0.0 pips (varies by account type) |
| 💴 Commissions | No commission for standard accounts |
| 💶 Number of Base Currencies | 80+ |
| 💵 Swap Fees | Varies by instrument and position |
| ⏹️ Leverage | Up to 1:50 for retail accounts |
| ⏸️ Margin Requirements | Varies with leverage and position |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| ⌛ Order Execution Time | Instant to a few seconds |
| 🚩 VPS Hosting | Available upon request |
| 📈 CFDs Total | 100+ |
| 📉 CFD Stock Indices | ✅Yes |
| 🍎 CFD Commodities | ✅Yes |
| 📊 CFD Shares | ✅Yes |
| 💴 Deposits and Withdrawals | Multiple |
| 💶 Deposit Options | Bank transfer, credit/debit card, e-wallets |
| 💵 Withdrawal Options | Bank transfer, credit/debit card, e-wallets |
| 🖥️ Trading Platforms | Proprietary, MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| 💻 OS Compatibility | Windows, macOS, iOS, Android |
| 🖱️ Forex Trading Tools | Advanced charting, analysis tools |
| ❤️ Customer Support | Highly Responsive |
| 🥰 Live Chat | ✅Yes |
| 💌 Support Email | Contact Form |
| 📞 Support Contact | +1.908.315.0653 |
| 🐦 Social Media | Twitter, LinkedIn, Facebook, YouTube |
| 🗯️ Languages | English, Spanish, and others |
| ✏️ Forex Course | Available online |
| 📔 Webinars | Regularly scheduled |
| 📚 Educational Resources | Articles, guides, trading tools |
| 🫰🏻 Affiliate Program | ✅Yes |
| 🫶 IB Program | ✅Yes |
| 🤝 Sponsor Notable Events/Teams | Various events and teams |
| 💡 Rebate Program | Varies by region |
| 😊 Suited to Beginners | ✅Yes |
| 🧐 Suited to Professionals | ✅Yes |
| 😎 Suited to Active Traders | ✅Yes |
| 🌟 Suited to Scalpers | ✅Yes |
| 🌞 Suited to Day Traders | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Low Forex Fees | Limited to Forex and CFDs |
| Variety of Currency Pairs | High Stock CFD fees |
| Diverse technical tools | Not user friendly |
Frequently Asked Questions
What is the minimum deposit for an account with Forex.com?
The minimum deposit is $100 to open an account with Forex.com.
Does Forex.com offer Islamic accounts?
Yes, Forex.com provides Islamic accounts with no swap fees.
Are there withdrawal fees with Forex.com?
Withdrawal fees vary depending on the method used.
Can I trade with Forex.com on mobile?
Yes, Forex.com supports mobile trading on both iOS and Android devices.
Our Insights
Forex.com is a reputable broker with strong regulatory backing and a variety of account types suitable for all traders. Its low deposit requirement, educational tools, and excellent customer support make it ideal for beginners and professionals alike. With competitive spreads and advanced trading features, Forex.com remains a top choice for active traders and scalpers.
6. AvaTrade
Founded in 2006, AvaTrade is a regulated broker headquartered in Dublin, Ireland. It offers a wide range of assets, including forex, stocks, commodities, and crypto CFDs, with over 19,000 instruments to trade. AvaTrade provides various platforms like MetaTrader 4/5 and its proprietary AvaTradeGO app. With a minimum deposit of $100, it offers excellent security, demo accounts, and Islamic account options.
| 🔎 Broker | 🥇 AvaTrade |
| 📌 Year Founded | 2006 |
| 👤 Amount of Staff | Over 400 |
| 👥 Amount of Active Traders | Over 300,000 |
| 📍 Publicly Traded | None |
| 🛡️ Regulation and Security | Very High |
| ⭐ Regulation | CBI, BVI FSC, ASIC, FSCA, JFSA, FFAJ |
| 🌎 Country of Regulation | Various (Ireland, Australia, UK, South Africa) |
| ↪️ Account Segregation | ✅Yes |
| 🚨 Negative Balance Protection | ✅Yes |
| 🔖 Investor Protection Schemes | ✅Yes |
| 🏷️ Account Types and Features | Single Account |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 💰 Minor Account Currencies | ✅Yes |
| 💴 Minimum Deposit | 100 USD |
| Avg. Deposit Processing Time | Instant or within 1 business day |
| Avg. Withdrawal Processing Time | 1-3 business days |
| 💶 Fund Withdrawal Fee | None |
| 💵 Spreads from | 0.9 pips |
| 💷 Commissions | None |
| 🔢 Number of Base Currencies | 20+ |
| 💳 Swap Fees | Applicable |
| 📈 Leverage | Up to 400:1 |
| 📉 Margin Requirements | Varies by account type and instrument |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| ⏰ Order Execution Time | 1 second or less |
| ⭐ VPS Hosting | Yes (optional, may have additional cost) |
| 📊 CFDs Total Offered | 250+ |
| 💹 CFD Stock Indices | ✅Yes |
| 🍎 CFD Commodities | ✅Yes |
| 💱 CFD Shares | ✅Yes |
| 💰 Deposits and Withdrawals | Trusted Options |
| 💴 Deposit Options | Bank Transfer, Credit/Debit Card, E-Wallets |
| 💶 Withdrawal Options | Bank Transfer, Credit/Debit Card, E-Wallets |
| ⚙️ Trading Platforms and Tools | Multiple |
| 📈 Trading Platforms | AvaTradeGo, MetaTrader 4, MetaTrader 5 |
| 📉 OS Compatibility | Windows, macOS, iOS, Android |
| 📊 Forex Trading Tools | ✅Yes |
| 🫶 Customer Support | Responsive |
| 🤝 Live Chat Availability | 24/5 |
| 💌 Support Email | [email protected] |
| ☎️ Support Contact | Varies per Region |
| 📌 Social Media | Facebook, Twitter, LinkedIn, YouTube |
| 📍 Languages on Website | English, Spanish, French, German, etc. |
| ✏️ Educational Resources | Multiple |
| 📔 Forex Course | ✅Yes |
| 📚 Webinars | ✅Yes |
| 📒 Educational Resources | Articles, video tutorials, eBooks |
| 📑 Partnerships and Programs | ✅Yes |
| 🗃️ Affiliate Program | ✅Yes |
| 🗄️ Amount of Partners | Numerous worldwide |
| 📇 IB Program | ✅Yes |
| 🏆 Sponsor Notable Events/Teams | ✅Yes |
| 💷 Rebate Program | ✅Yes |
| 🅰️ Cent Accounts | None |
| 🅱️ Micro Accounts | None |
| 🥰 Suited to Beginners | ✅Yes |
| 😎 Suited to Professionals | ✅Yes |
| ⚡ Suited to Active Traders | ✅Yes |
| ⭐ Suited to Scalpers | ✅Yes |
| 💡 Suited to Day Traders | ✅Yes |
| 🚀Open an Account | 👉 Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Negative balance protection | Slow withdrawals (over 3 days) |
| Free withdrawals | High inactivity fees |
| Great research tools | Average CFD fees |
| Regulated by multiple financial authorities | Higher spreads for Standard Account |
| Diverse asset range | Varying customer support responsiveness |
| Competitive spreads | Slow deposit processing |
Frequently Asked Questions
What is the minimum deposit for AvaTrade?
The minimum deposit is $100 to start trading with AvaTrade.
Does AvaTrade offer Islamic accounts?
Yes, AvaTrade offers Islamic accounts with no swap fees.
Are there withdrawal fees with AvaTrade?
No, AvaTrade does not charge withdrawal fees.
Can I trade with AvaTrade on mobile?
Yes, AvaTrade provides mobile trading via the AvaTradeGO app, available on iOS and Android.
Our Insights
AvaTrade is a highly regulated broker with a broad range of assets and strong security measures. Its low minimum deposit, variety of platforms, and educational resources make it suitable for both beginners and professional traders. With features like AvaProtect and a diverse range of trading tools, AvaTrade remains a solid choice for traders looking for flexibility and a secure trading environment.
Is Forex Trading Legal and Popular in Kenya?
Forex trading is legal and popular in Kenya, regulated by the Capital Markets Authority (CMA) to ensure a safe trading environment. The market has grown due to easy access via mobile platforms and online education. However, traders should ensure they use CMA-licensed brokers in Kenya to avoid risks associated with unregulated platforms.
In Conclusion
Forex trading in Kenya has become increasingly popular, with several top-tier brokers offering a variety of account types, educational resources, and advanced trading platforms. Brokers like HFM, IG, Interactive Brokers, XTB, Forex.com, and AvaTrade provide excellent opportunities for traders of all levels in Kenya, with options such as Islamic accounts, competitive spreads, and mobile trading support. Kenyan traders need to choose CMA-regulated brokers to ensure a secure and reliable trading experience.
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Faq
Yes, forex trading is legal in Kenya and regulated by the Capital Markets Authority (CMA).
Kenyan traders can access a variety of platforms such as MT4, MT5, and proprietary apps, depending on the broker. Most brokers support mobile trading as well.
| Broker | Website | |
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| 🥇 |  | Visit Broker |
| 🥈 | | Visit Broker |
| 🥉 | | Visit Broker |
| 4 | | Visit Broker |
| 5 | | Visit Broker |
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