3 Best Forex Brokers in Kenya for 2026
Kenyan traders will face some challenges when choosing a forex broker. There are some brokers that will not accept Kenyans, and many do not accept local payments. Furthermore, not all accept Kenyan Shillings as a base currency, but there are some. To make the decision easier for our Kenyan clients, I have tested several and picked the best from our 250-point proprietary rating system for brokers.
- Rankings are not for sale — the order comes from our test scores; no broker can pay for a higher spot.
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- 80+ brokers tested every year — we test the whole market, so we know the benchmark — and which brokers actually beat it.
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I looked for brokers that are easy to operate with for Kenyans, but this doesn’t mean that you shouldn’t expect some great features, such as professional platforms, strong research, and the ability to trade a diverse range of global assets.
List of Top Forex Brokers in Kenya
*AvaTrade doesn’t allow CFD trading in Spain; only Futures are available.
Compare All Listed Brokers
| Broker | Score | Fees Score | Min Deposit | Max Leverage | Platforms | Visit Broker |
|---|---|---|---|---|---|---|
Exness | 4.6 | 4.6 | $10 | 1:1000 (BVI FSC) 1:2000 (FSCA) · 1:2000 (CMA) · 1:30 (FCA) · 1:2000 (CySEC) · 1:2000 (CBCS) · 1:500 (FSA) | MT5, MT4, Exness Terminal | General Risk Warning: CFDs are leveraged products. Trading in CFDs carries a high level of risk thus may not be appropriate for all investors. The investment value can both increase and decrease and the investors may lose all their invested capital. Under no circumstances shall the Company have any liability to any person or entity for any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to CFDs. |
FP Markets | 4.6 | 4.1 | $100 | 1:500 (FSA) 1:500 (FSCM) · 1:500 (Unregulated) · 1:400 (FSCA) · 1:30 (ASIC) · 1:500 (CMA) | MT5, cTrader, IRESS, MT4, Mottai, TradingView | Contracts for Difference (CFDs) are leveraged over-the-counter derivative products and carry a high level of risk to your capital. You should only risk capital that you can afford to lose. In certain circumstances, due to fluctuations in market value you may not get back your initial investment amount. You may not only lose your initial investment but you may incur a liability to pay a further amount to cover losses. This means you can lose more money than you have invested. |
AvaTrade | 4.5 | 4.2 | $100 | 1:400 (FSCA) 1:30 (CBI) · 1:200 (BVI FSC) · 1:30 (ASIC) · 1:400 (ADGM) · 1:25 (JFSA) · 1:30 (ISA) · 1:30 (CySEC) | AvaOptions, AvaSocial, MT5, Proprietary, MT4, DupliTrade, Ava Web Trader, AvaTrade App | Trading CFDs and FX Options entail risk and could result in the loss of your capital. |
How Did I Select the Best Brokers in Kenya?
- I selected brokers that accept clients from Kenya.
- CMA or other top-tier agencies regulation was paramount.
- Brokers that offer localization in terms of the website and customer support language, as well as payment methods were given preferential treatment.
- Brokers that allow the Kenyan Shilling (KES) as the base currency of the account were rated higher.
- I looked for brokers that offer low trading fees.
- I looked for brokers with strong platforms.
Best Overall
- $10Min Deposit
- 293Tradable Instruments
- LowFees
Why We Picked It
Exness is a forex and CFD giant that has been in operation since 2008. Exness is not only regulated in Kenya, but also by other top-tier regulators like the FCA in the UK and CySEC. Exness allows the trading of cryptocurrencies, stocks, commodities, indices, and forex pairs. There are both Standard and Professional accounts available for traders to use.
Regional Features:
- Entity for Kenyan Clients: Exness (KE) Limited, regulated by CMA
- Maximum leverage: 1:400.
- Available Platforms: Exness Terminal, MT4, MT5
- KES as a Base Currency: Yes
Exness offers forex, commodities, stocks, indices, and crypto markets, allowing traders to invest globally. The fees are small, and this can add up to savings over the longer-term. The Exness Terminal is a platform that has strong features, but if you are so inclined, Exness also offers MetaTrader 4 and MetaTrader 5.
Bank cards, bank wires, and M-Pesa are all accepted by Exness, allowing Kenyans to easily deposit or withdraw. The Professional account offers free access to VPS hosting, and trading signals from Trading Central are available in the personal area of your account.
In live testing, the fees for Exness were small in the Standard account, with the spreads in the EUR/USD pair ranging between 0.8 and 1.0 pips, with the GBP/JPY pair offering spreads of 2.0 pips on average. Low spreads can also be found in some stocks, with Apple averaging 9 cents, while the market for Tesla averages 11 cents.
Pros and Cons
- Tight spreads on forex pairs
- Free VPS
- Feature-rich Exness Terminal platform
- 24/7 support
- Limited number of stock CFDs
Best Low Spreads
- $100Min Deposit
- 10180Tradable Instruments
- MediumFees
Why We Picked It
Australian broker FP Markets was established in 2005, operates globally, and is regulated by several of the top-tier regulators around the world. This includes ASIC and CySEC. There are over 970 financial instruments for trading, with a diverse range of asset classes represented.
Regional Features:
- Entity for Kenyan Clients: FP Markets LLC, registered in St. Vincent & the Grenadines, unregulated
- Maximum Leverage: 1:500
- Available Platforms: MT4, MT5, TradingView, WebTrader, cTrader
- KES as a Base Currency: No
FP Markets offers a large list of tradable assets, with over 680 stocks from around the world being a highlight. VPS hosting is also offered by FP Markets, allowing a trader to run automated strategies without interruption. Copy trading is available as well, via Signal Start and FP Markets Copy Trading. This allows professionals to offer their signals within the ecosystem.
There is the “Traders Toolbox” for MT4 that some will like, including 12 distinct tools for trading analysis and comprehension. This includes Correlation Trader, Sentiment Trader, and Excel RTD. The broker also offers Autochartist for those looking to find candlestick patterns quickly.
In live testing, I found all the spreads to be reasonable, if not really good. The EUR/USD pair bounced around between 1.0 pips and 1.2 pips. The GBP/JPY pair saw spreads between 1.5 and 1.9 pips.
Pros and Cons
- Spreads are small
- Strong educational support available
- No withdrawal fees
- Lower level of client protection compared to some others
Best for Beginners
- $100Min Deposit
- 1472Tradable Instruments
- MediumFees
Why We Picked It
AvaTrade has been a major player in this world since its inception in 2006. AvaTrade is regulated and authorized by several major regulators, including the FSA in Japan, CySEC, ASIC, and others. AvaTrade has over 1,250 markets, including forex, bonds, indices, stocks, ETFs, options, commodities, and cryptocurrencies.
Regional Features:
- Entity for Kenyan Clients: Ava Trade Markets Ltd., regulated by FSC BVI
- Maximum Leverage: 1:400
- Available Platforms: MT4, MT5, AvaTrade Web platform, AvaTradeGO
- KES as a Base Currency: No
- Bonus for Kenyan Clients: 20% first deposit bonus
The fees at AvaTrade for forex and commodities are generally lower than the industry average for forex and commodities. The EUR/USD pair averages 0.9 pips, and oil averages just 3 cents. However, the spreads for indices like the Dow Jones 30 are 4 pips, and Tesla is $1.89, larger than the industry average.
AvaTrade offers several trading platforms, including MetaTrader 4, MetaTrader 5, AvaOptions, AvaSocial for social trading, AvaTrade Web platform, and the AvaTradeGO mobile app. There are several asset classes, including forex, bonds, commodities, indices, stocks, futures, and options. There is also AvaProtect risk management, which allows traders to buy protection against losses.
Pros and Cons
- 1,250 assets for trading
- Copy trading
- Strong research and educational offering
- No compensation scheme
All the Brokers We Tested
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About the Authors
Christopher Lewis is an experienced trader and technical analyst specializing on currencies, indices, and commodities. He also has been working as a proprietary trader for institutional accounts. Chris has been an FXEmpire analyst since the site's early days and shares his trading insights on his own blog, The Trader Guy. His sharp, practical understanding of the trading industry means he knows forex and CFD brokers inside-out, so you can trust his guidance on how they work and which one to choose.
Aviva is a Senior Content Editor at FXEmpire. Her substantial contributions include refining over 150 broker reviews and 'Best Brokers Guides,' enhancing our proprietary methodology, and ensuring every fact is meticulously verified.
As a Senior Content Editor at FXEmpire, Ola has revised and fact-checked over 200 broker reviews and guides. Her profound understanding of financial markets has been crucial in developing the proprietary rating system.