3 Best Forex Brokers in Kenya for 2026
Updated: Oct 21, 2026
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What changed in this update
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.
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Every review and score on our site comes from independent, hands-on testing, and no broker can pay to change a score or a verdict. Brokers pay to appear on our site. That can affect which brokers we feature and where. How we make moneyWhy you can trust this list
2011
Reviewing brokers since70+
Brokers tested250
Variables per review9
Scoring categories- How this list works. Our editors choose brokers that meet this page's criteria and impressed us in testing. The list is not in score order. Brokers pay to appear on our site, which can affect which brokers we feature and where. No broker can pay to change a score or a verdict.
- The authority on broker reviews since 2011. Traders have relied on our independent testing for over a decade.
- 70+ brokers tested. We test leading brokers the same way, so we can compare them fairly.
- Every broker takes the same test. One published scoring system, with 9 weighted categories and 250+ variables, all measured hands-on by our analysts.
- Key facts are checked before publishing. An editor re-checks licenses, spreads and fees against our test data.
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
Exness Terminal, MetaTrader 4, and MetaTrader 5. Low trading fees. VPS hosting and trading signals via Trading Central. Fast order execution. Over 120 forex pairs.
cTrader, MT4, MT5, and TradingView platforms. Research from Trading Central and Autochartist. VPS hosting. Over 970 CFD products + 10,000 real stocks and ETFs.
Unique risk management tool AvaProtect. User-friendly Ava Web Trader and AvaTrade App, Avasocial and DupliTrade for copy and social trading. Over 400 webinars, trading courses, and articles.
*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 | 1:2000 (FSCM) 1:100 (JSC) · 1:1000 (BVI FSC) · 1:400 (CMA) · 1:2000 (FSCA) · 1:2000 (FSA) · 1:30 (CySEC) · 1:2000 (CBCS) · 1:30 (FCA) | 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 | $0 | 1:500 (FSA) 1:500 (FSCM) · 1:500 (Unregulated) · 1:500 (FSCA) · 1:400 (CMA) · 1:30 (ASIC) | 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) 1:400 (ADGM) · 1:30 (ASIC) · 1:200 (BVI FSC) · 1:25 (JFSA) · 1:30 (ISA) · 1:30 (CySEC) · 1:30 (CBI) | 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
4.6
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.
- $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
Pros
- Tight spreads on forex pairs
- Free VPS
- Feature-rich Exness Terminal platform
- 24/7 support
Cons
- Limited number of stock CFDs
Best Low Spreads
4.6
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.
- $0Min 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
Pros
- Spreads are small
- Strong educational support available
- No withdrawal fees
Cons
- Lower level of client protection compared to some others
Best for Beginners
4.5
Trading CFDs and FX Options entail risk and could result in the loss of your capital.
- $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
Pros
- 1,250 assets for trading
- Copy trading
- Strong research and educational offering
Cons
- No compensation scheme
All Brokers That Accept Clients from Kenya
Every broker we reviewed that accepts Kenya residents, ranked by FXEmpire score. The regulator and leverage are those of the entity that opens accounts for clients from Kenya.
| Broker | Entity for Kenya | Max Leverage | Score | Fees Score | Min Deposit | Platforms | Visit Broker |
|---|---|---|---|---|---|---|---|
IC Markets (KE) Limited CMA Kenya | 1:400 | 4.8 | 5.0 | $0 | MT5, cTrader, MT4, TradingView, Zulutrade | Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. | |
IG International Limited BMA Bermuda | 1:200 | 4.7 | 3.8 | $50 | MT4, ProRealTime, L2 Dealer, TradingView, IG Online Platform | 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money | |
Pepperstone Markets Kenya Limited CMA Kenya | 1:400 | 4.7 | 4.4 | $0 | MT5, cTrader, MT4, TradingView, Pepperstone WebTrader, Pepperstone Mobile App | 73–89% of retail investor accounts lose money when trading CFDs. | |
Exness (KE) Ltd. CMA Kenya | 1:400 | 4.6 | 4.6 | $10 | 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 Limited CMA Kenya | 1:400 | 4.6 | 4.1 | $0 | 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. | |
Moneta Markets Ltd FSA Seychelles | 1:500 | 4.6 | 4.5 | $50 | MT5, MT4, ProTrader, App Trader, Copytrader App | Derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how Derivatives work and whether you can afford to take the high risk of losing your money. Trading derivatives is risky. It isn't suitable for everyone; you could lose substantially more than your initial investment. You don't own or have rights to the underlying assets. Past performance is no indication of future performance and tax laws are subject to change. The information on this website is general in nature and doesn't consider your personal objectives, financial circumstances, or needs. Please read our legal documents and ensure that you fully understand the risks before you make any trading decisions. | |
Vantage Global Limited VFSC Vanuatu | 1:2000 | 4.6 | 4.4 | $50 | MT4, MT5, TradingView, Vantage App, Vantage Web Trading | Trading derivatives carries significant risks. It is not suitable for all investors and if you are a professional client, you could lose substantially more than your initial investment. When acquiring our derivative products, you have no entitlement, right or obligation to the underlying financial assets. Past performance is no indication of future performance and tax laws are subject to change. The information on this website is general in nature and doesn't take into account your personal objectives, financial circumstances, or needs. Accordingly, before acting on the advice, you should consider whether the advice is suitable for you having regard to your objectives, financial situation and needs. We encourage you to seek independent advice if necessary. Please read our legal documents and ensure that you fully understand the risks before you make any trading decisions. | |
Ava Trade Markets Ltd BVI FSC Virgin Islands, British | 1:200 | 4.5 | 4.2 | $100 | 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. | |
Capital Com Online Investments Ltd SCB Bahamas | 1:200 | 4.5 | 4.1 | $20 | MT4, TradingView, Capital.com Web Trader, Capital.com App, MT5 | Depending on the company, 70% of retail investor accounts lose money when trading CFDs with Capital.com Group. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | |
GAIN Global Markets Inc. CIMA Cayman Islands | 1:250 | 4.5 | 3.7 | - | MT4, WebTrader | 72.5% of retail investor accounts lose money when trading CFDs with this provider. | |
Gleneagle Securities Pty Limited VFSC Vanuatu | 1:500 | 4.5 | 4.4 | $0 | MT4, MT5, cTrader, TradingView, DupliTrade | All financial products involve risk and you should ensure you understand the risk involved as certain financial products may not be suitable for everyone. Trading in margin foreign exchange and derivatives carries a high level of risk and you may incur a loss that is far greater than the amount you invested. Past performance of any product described on this website is not a reliable indication of future performance. | |
Hantec (Seychelles) Services Limited FSA Seychelles | 1:1000 | 4.5 | 4.2 | $10 | MT4, MT5, Hantec Mobile, Hantec Web Trader | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | |
MEX Atlantic Corporation CIMA Cayman Islands | 1:1000 | 4.5 | 4.0 | $50 | MT5, MT4, MultiBank App | All forms of investment carry risk including an investor not recovering the amount invested. These services may not be suitable to all. | |
Startrader Financial Markets Limited FSCM Mauritius | 1:1000 | 4.5 | 4.5 | $50 | MT5, MT4, STARTRADER App | All investments entail risks and may result in both profits and losses. I | |
VT Markets Limited FSCM Mauritius | 1:1000 | 4.5 | 4.5 | $100 | MT5, MT4, VT Markets app, TradingView | Trading CFDs carries a high level of risk and may not be suitable for all investors. Leverage in CFD trading can magnify gains and losses, potentially exceeding your original capital. It’s crucial to fully understand and acknowledge the associated risks before trading CFDs. Consider your financial situation, investment goals, and risk tolerance before making trading decisions. Past performance is not indicative of future results. Refer to our legal documents for a comprehensive understanding of CFD trading risks. | |
XTB International Limited IFSC Belize | 1:500 | 4.5 | 4.3 | $0 | xStation 5 | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | |
Deriv (BVI) Ltd BVI FSC Virgin Islands, British | 1:1000 | 4.4 | 3.1 | - | MT5, cTrader, Deriv Trader, Deriv Go, Deriv Nakala, Deriv Bot, SmartTrader | 71% of retail investor accounts lose money when trading CFDs with this provider. | |
FxPro Global Markets Ltd SCB Bahamas | 1:200 | 4.4 | 3.6 | $0 | MT5, cTrader, MT4, FxPro Trading Platform, FxPro Mobile App, TradingView | 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing money. (EU, UK) | |
Notesco (BVI) Limited BVI FSC Virgin Islands, British | 1:2000 | 4.4 | 4.0 | $50 | MT4 | Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. | |
Tickmill Ltd FSA Seychelles | 1:1000 | 4.4 | 4.0 | $100 | MT5, MT4, Tickmill Trader | Trading Contracts for Difference (CFDs) on margin carries a high level of risk and may not be suitable for all investors. Before deciding to trade Contracts for Difference (CFDs), you should carefully consider your trading objectives, level of experience and risk appetite. It is possible for you to sustain losses that exceed your invested capital and therefore you should not deposit money that you cannot afford to lose. Please ensure you fully understand the risks and take appropriate care to manage your risk. | |
Trademax Global Limited VFSC Vanuatu | 1:1000 | 4.4 | 4.1 | $100 | MT4, MT5, TMGM Mobile App, HubX | 80.26% of retails CFD accounts lose money. | |
TPXMGLOBAL Kenya Limited CMA Kenya | 1:400 | 4.4 | 3.1 | $5 | MT5, MT4, XM Web Platform, XM Mobile App | Forex and CFD trading involves significant risk to your invested capital. | |
ActivMarkets Ltd FSCM Mauritius | 1:1000 | 4.3 | 3.4 | $0 | MT5, MT4, ActivTrader, TradingView | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | |
AT Global Markets Intl Ltd FSCM Mauritius | 1:500 | 4.3 | 3.2 | $50 | MT4, MT5, ATFX Trading App | Trading Foreign Exchange (Forex) and Contracts for Differences (CFDs) is highly speculative, carries a high level of risk and may not be suitable for all investors. You may sustain a loss of some or all of your invested capital, therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin. | |
IUX Markets (MU) LTD FSCM Mauritius | 1:3000 | 4.3 | 4.9 | $30 | MT5, IUX Web Trade, IUX App Trade | This website is not designed to encourage or promote trading activities. Please note that leveraged margin trading and binary options carry significant risks, including the potential for rapid financial losses. | |
Just Global Markets Ltd FSA Seychelles | 1:3000 | 4.3 | 4.4 | $10 | MT5, MT4, JustMarkets App | Your capital is at risk. | |
Royal CM Limited VFSC Vanuatu | 1:1000 | 4.3 | 3.5 | $0 | MT4, MT5 | Your capital is at risk. | |
PXBT Trading Ltd FSA Seychelles | 1:2000 | 4.3 | 3.8 | $0 | MT5, PrimeXBT Mobile App, PXTrader 2.0 | Crypto Futures and CFDs products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. These products are not suitable for all investors. You should consider whether you understand how leveraged products work and whether you can afford to take the inherently high risk of losing your money. | |
PU Prime Ltd FSCM Mauritius | 1:1000 | 4.3 | 3.6 | $20 | MT5, MT4, PU Prime App, PU Web Trader, PU Copy Trading | Trading Contracts for Difference (CFDs) involves a high level of risk and may not be suitable for all traders. | |
Zenfinex Global LLC FSA Seychelles | 1:2000 | 4.3 | 3.4 | $9 | MT5, MT4, Taurex Trading App, Brokeree, Pelican | Trading in financial instruments carries a high level of risk and may not be suitable for all investors. The value of your investments may fluctuate and you may lose all of your invested capital, especially due to leverage. | |
YWO (CM) Ltd MISA Comoros | 1:1000 | 4.3 | 4.4 | $10 | MT5 | Trading our products involves margin trading and carries a high level of risk, including the potential loss of your entire capital. These products may not be suitable for all investors. You should fully understand the risks involved before trading. | |
DB Invest Limited FSA Seychelles | 1:1000 | 4.2 | 2.3 | $50 | MT5, DB Investing App | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | |
Elev8 Markets Ltd FSCM Mauritius | 1:2000 | 4.2 | 4.1 | $20 | MT5, MT4, Elev8Trader | Elev8's services relate to complex derivative products that are traded over the counter. Trading with leverage involves a high level of risk and may not be suitable for all investors. Investing carries risks, and individuals should carefully consider their investment objectives, level of experience, and risk tolerance before making any investment decisions. | |
Errante Securities (Seychelles) Ltd FSA Seychelles | 1:1000 | 4.2 | 3.6 | $50 | MT5, cTrader, MT4, TradingView, Errante App | FX and CFDs trading involves a high risk of loss | |
FP Trading Ltd FSRA Finland | 1:500 | 4.2 | 4.7 | - | MT4, MT5, cTrader | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The majority of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. There is a possibility to lose all your initial capital. The legal documents should be considered before entering into transactions with us. | |
Central Clearing Ltd MISA Comoros | 1:1000 | 4.2 | 4.4 | $0 | MT4, MT5 | Trading in Forex and Contracts for Difference (CFDs), which are leveraged products, is highly speculative and involves substantial risk of loss. It is possible to lose all the initial capital invested. Therefore, Forex and CFDs may not be suitable for all investors. Only invest with money you can afford to lose. So please ensure that you fully understand the risks involved. | |
Gleneagle Securities Pty Limited VFSC Vanuatu | 1:2000 | 4.2 | 4.0 | $50 | MT4, MT5, FXT WebTrader, FXTrading App | Any advice included in this website or correspondence is general advice only and is based solely on consideration of the investment or trading merits of the financial products alone, without taking into account the investment objectives, financial situation and particular needs (i.e. financial circumstances) of any particular person. Before making an investment or trading decision based on the advice, the recipient should carefully consider the appropriateness of advice in light of his or her financial circumstances and should carefully review the Product Disclosure Statement regarding the relevant financial product as provided by your investment broker. Investing in over-the-counter derivatives carries significant risks and is not suitable for all investors. You could lose substantially more than your initial investment. When acquiring derivative products, you have no entitlement, right or obligation to the underlying financial asset. | |
Formula Investment House Ltd BVI FSC Virgin Islands, British | 1:400 | 4.2 | 2.7 | $100 | iFOREX Platform | Not investment advice; Capital at Risk; T&C apply. | |
Mitrade International Ltd FSCM Mauritius | 1:200 | 4.2 | 3.8 | $20 | Mitrade Trading Platform, Mitrade Mobile App | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | |
First Interstellar Global Ltd FSA Seychelles | 1:500 | 4.1 | 3.2 | $0 | MT4, MT5, FISG App | Forex and CFD trading involve a significant risk to your invested capital. Please read and ensure you fully understand our Risk Disclosure. Trading foreign exchange and leveraged financial products has high risks and may cause you to lose your principal. You should not take the risk of loss more than you can afford and please ensure that you fully understand the risks involved. Trading leveraged products is not suitable for all investors. Trading unleveraged products such as shares also involves risk as the value of shares can go down as well as up, meaning you may get back less money than you originally invested. Past performance is no guarantee of future results. Before trading, please consider your level of experience, investment objectives and seek independent financial advice if necessary. It is the customer’s responsibility to ensure that the legal requirements of his/her country of residence allow him/her to use the services provided by the Interstellar Financial Group Limited. | |
Exinity Capital East Africa CMA Kenya | 1:3000 | 4.1 | 3.1 | $100 | MT5, MT4, FXTM Trader App | Online Forex/CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading Online Forex/CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of Exinity Capital East Africa Ltd based on the legal requirements in his/her country of residence. | |
TIO Markets Ltd MISA Comoros | 1:1000 | 4.1 | 3.8 | $20 | MT4, MT5 | Trading on margin comes with a high risk of losing money rapidly due to leverage. You should consider whether you understand how margin trading works and whether you can afford to take the high risk of losing your money. Never deposit more than you are prepared to lose. | |
Alchemy International Ltd FSA Seychelles | 1:500 | 4.0 | 3.2 | $1000 | MT4, MT5, TradingView | All instruments offered by Alchemy Markets are traded as CFDs. We offer only commission-free trading on Forex, Indices, and Metals for Classic, Premier and Demo accounts. For more information on our charges on other account types and products including Crypto CFDs and Stock CFDs, you can visit our product pages and sheets. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with us. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | |
AMarkets LTD MISA Comoros | 1:3000 | 4.0 | 2.4 | $100 | MT5, MT4, AMarkets App | Your capital is at risk | |
Doto Global Ltd FSCM Mauritius | 1:500 | 4.0 | 3.4 | $15 | MT4, MT5, Doto Platform | Trading derivatives is highly speculative, carries an inherent risk of loss and is not suitable for all investors. | |
Trade Set Go Ltd FSA Seychelles | 1:400 | 4.0 | 4.5 | $96 | TSG Trade Web, TSG Trade Mobile App, MT5 | Trading in CFDs, involves a high level of risk. 77.95% of retail investor accounts lose money when trading CFDs with this provider. It is possible to lose all your invested capital. Such financial products may not be suitable or allowed for you, and you should consider such restrictions and whether you understand how CFDs work and all the risks involved. | |
4xCube Ltd FSC CA Cook Islands | 1:500 | 3.9 | 3.6 | $50 | MT5, MT4 | Online trading with margin carries a high level of risk and may not be suitable for all investors as you could sustain losses in excess of deposits. The products are intended for retail, professional and eligible counterparty clients. For clients who maintain account(s) with 4XC, retail clients could sustain a total loss of deposited funds but are not subject to subsequent payment obligations beyond the deposited funds and professional clients could sustain losses in excess of deposits. Prior to trading any products offered by 4XC, any affiliates of aforementioned firms, or other firms within 4XC of companies [collectively the “4xCube Ltd”], carefully consider your financial situation and experience level. 4xCube Ltd may provide general commentary which is not intended as investment advice and must not be construed as such. Seek advice from a separate financial advisor. 4xCube Ltd assumes no liability for errors, inaccuracies or omissions; does not warrant the accuracy, completeness of information, text, graphics, links or other items contained within these materials. Read and understand the Terms and Conditions on 4xCube Ltd websites prior to taking further action. | |
MAIV Limited FSA Seychelles | 1:2000 | 3.9 | 3.5 | $50 | MT5, Rock-West App | CFDs are Leveraged Financial Instruments, and trading them carries a high level of risk. It is possible to lose all your capital. You should not invest more than you can afford to lose and you should ensure that you fully understand the risks involved. Past performance is not a reliable indicator of future performance. 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 and/or any other financial instruments. Please read our full Risk Disclosure policy and the Client Agreement. | |
Evalanch Ltd FSA Seychelles | - | 3.9 | 3.9 | $10 | MT5 | “Contract for Differences” (CFDs) are usually leveraged products. Trading Over-The-Counter (OTC) CFDs related to commodities, Forex, Indices and Shares, carries a high level of risk and can result in the loss of all of your investment. As such, CFDs may not be appropriate and/ or suitable for all investors. You should not invest money that you cannot afford to lose. Before deciding to trade, you should be aware of all the risks associated with OTC CFDs trading, and seek advice from an independent and suitably licensed financial advisor. Past performance does not constitute a reliable indicator of future results. Future forecasts do not constitute a reliable indicator of future performance. General information and/ or recommendations provided by the Company should not be interpreted as investment advice. For more information please visit our General Risk Disclosure Policy. Disclaimer: Information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. | |
Versus Trade Ltd FSCM Mauritius | 1:2000 | 3.8 | 4.3 | $10 | MT5 | It is hereby warned that engagement in the trade of CFDs and/or other services are accompanied by considerable risk and the potential loss of funds and under no circumstances shall Versus Trade be held liable for such. Access to this website is made with clear understanding of the risks. No element present on this website shall be interpreted as investment advice or invitation to engage in services. | |
DLS Markets Limited VFSC Vanuatu | - | 3.7 | 4.1 | $100 | MT5, MT4, DLSM GO App | Investing in CFDs and Margin FX Contracts carries significant risks and is not suitable for all traders. You may lose more than your initial deposit. You don’t own, or have, any interest in the underlying assets. | |
Anzo Capital Limited CMA Kenya | 1:400 | 3.6 | 3.6 | $50 | MT4, MT5 | Investing in leveraged products carries significant risks and is not suitable for all investors. You could lose more than your deposits. | |
Equitex Capital Limited FSA Seychelles | 1:500 | 3.6 | 3.0 | $100 | MT5 | Over-the-counter derivatives are complex instruments and come with a high risk of losing your initial capital rapidly due to leverage. You should consider whether you understand how over-the-counter derivatives work and whether you can afford to take the high level of risk to your capital. Investing in over-the- counter derivatives carries significant risks and is not suitable for all investors. | |
TradeSmart Capital Limited | 1:2000 | 3.3 | 4.5 | $50 | MT5 | Trading Forex and CFDs carries a high level of risk to your capital, and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. | |
DuraMarkets Ltd MISA Comoros | 1:500 | 3.2 | 3.9 | $10 | MT5, MT4 | CFDs and margin trading carry a very high degree of risk. You must be prepared to sustain a total loss of any funds deposited with us, as well as any additional losses, charges, or other costs we incur in recovering any amount due from your end, in the course of trading. Hence, you should ensure that you’ve fully understood the risks involved and invest the amount that you are willing to lose. |
This guide covers brokers that accept clients from Kenya. For the full ranking across all countries, see our best forex brokers worldwide.
Best Forex Brokers in Other African Countries
Each guide ranks the brokers we tested that accept clients in that country, under its own regulation.
| Africa |
| Best Forex Brokers in Egypt | Best Forex Brokers in Nigeria | Best Forex Brokers in South Africa |
Not from Kenya? See the best forex brokers worldwide or all our country guides.
Where to Go Next
More of our best-broker guides, grouped by what you trade, the platform you use, how you trade and where you trade from.
What you trade
Platforms
How you trade
All the Brokers We Tested
See a list of all the brokers we tested and considered for this guide
4XC
3.9
ActivTrades
4.3
ADSS
4.3
AMarkets
4.0
Anzo Capital
3.6
ATFX
4.3
AvaTrade
4.5
Bullwaves
3.6
Capital.com
4.5
DB Investing
4.2
Deriv
4.4
DLSM
3.7
Doto
4.0
DuraMarkets
3.2
Elev8
4.2
Errante
4.2
eToro
4.2
eToro US
4.3
Exness
4.6
FISG
4.1
FP Markets
4.6
FP Trading
4.2
FXCC
4.2
FxPro
4.4
FXT
4.2
FXTM
4.1
Hantec
4.5
Headway
4.1
IC
4.8
iFOREX
4.2
IG
4.7
IronFX
4.4
IUX
4.3
JustMarkets
4.3
Libertex
4.3
LiteForex
3.9
Mitrade
4.2
OANDA
4.4
OANDA US
4.3
OneRoyal
4.3
Pepperstone
4.7
Plus500
4.3
Plus500 US
4.5
PrimeXBT
4.3
PU Prime
4.3
Rock-West
3.9
Spreadex
4.5
STARTRADER
4.5
Swissquote
4.3
tastyfx
4.4
Taurex
4.3
TenTrade
3.9
Tickmill
4.4
TIOmarkets
4.1
TMGM
4.4
Trade Set Go
4.0
TradeSmart
3.3
Trading 212
4.2
Trading.com
4.3
Vantage
4.6
Versus Trade
3.8
VT Markets
4.5
XM Group
4.4
XTB
4.5
YWO
4.3
Update History
Oct 21, 2026 · Ola Alder
We added links to our forex broker guides for other countries.
Sep 14, 2026 · Plamen Stoyanov
We moved the page to our new template, adding a summary card, a compare table of all listed brokers, a list of every broker we tested, and this update history.
Aug 24, 2026 · Dan Blystone
We made FP Markets our Best Low Spreads pick and AvaTrade our Best for Beginners pick.
Aug 16, 2026 · Jitan Solanki
We removed the FAQ and "How to Choose a Forex Broker in Kenya?" sections.
Dec 22, 2025 · Jitan Solanki
We removed FBS from the list.
Jun 30, 2025 · Plamen Stoyanov
We removed FXTM from the list.
Jun 16, 2025 · Plamen Stoyanov
We re-added FBS to the list and removed the "Our Methodology" section.
Oct 28, 2024 · Jitan Solanki
We removed FBS from the list.
Mar 24, 2024 · Plamen Stoyanov
We added FXTM to the list.
We change this page's date only for a material change, logged here. Typo fixes never change the date.
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About the Authors
Christopher LewisBroker Analyst
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 GurevichSenior Content Editor
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.
Ola AlderSenior Content Editor
As a Senior Content Editor at FXEmpire, Ola has edited and fact-checked more than 350 broker reviews and guides. She continually refines FXEmpire’s proprietary broker rating system and keeps a close eye on industry trends, making sure our reviews reflect the latest changes in the market.