info@comparebrokers.org +44 207 994 644

2021 Guide to investing in Stocks, Shares, CFD's, Cryptocurrencies, Commodities and more in Kenya

The best Kenya trading platforms
The Best Kenya Brokers 2021

This guide to the reputable online brokers in Kenya has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

This guide contains the most recent details about finding the top trading patforms in Kenya.

If you're a new entrant in the world of trading and brokerage, so many details will be confusing for you. Getting into the area of trading requires expert assessing skills and comprehensive knowledge. You will acquire proficient skills at all the concepts of broker as you keep trading. For starters, you need to choose the right broker in Kenya who'll be clear with you constantly.

In this fast-paced world of stock markets and trading, you'll need guidance to make correct decisions. A professionally lead investment plan is key to your success.

We currently have 21 Brokers in our database that we think are the Professional Online Brokers in Kenya

Who’s The Best Kenya Online Brokers?

This guide has been designed to help you find a reputable Kenya broker. When looking for a great, reliable broker in Kenya it can be a little confusing.  Below we explain what your trading options are in Kenya and what Kenya brokers can provide you.

Getting a free trial for at least three days is a great way to assess the quality and reliability of any Kenya online trading platform. Before making any final decisions, you want to be able test the tradins platform's and software in real-time but with minimal risk. A demo account allows you to test the software and see how comfortable you are with its tools. A high-quality broker in Kenya should make it as simple as possible for you. They shouldn't have to do a lot research nor set up multiple accounts before they let you start trialling their tools.

We currently have 21 Brokers that we believe are the Professional Brokers in Kenya

Hantec MarketsBitfinextastyworkssofiInteractive BrokersAdvanced Global MarketsSharekhantradershomeBell Potter SecuritiesBrightwin Securities And FinanceBurrell Stockbrokingm1 financeaaafxIngot BrokersCircle MarketsspeedtraderZerodhatusarfxLondon Capital Group (LCG)Xtradeone financial markets
Find Out More
Rating3.13/55.71/54.75/54.80/57.78/54.62/56.03/54.50/56.93/51.21/54.93/54.25/55.25/54.33/54.51/55.65/54.58/56.25/57.75/53.10/54.70/5
Minimum Deposit$1000$100$250$250$0$500$0$250$5$250$100$250$300$1000$100$250$0$250$100$1$250
Year Founded199020152014201519771992200020132015201019682018200820042007201720102017199620032010
HeadquartersUK, Hong KongNew ZealandBelizeLebanonUnited StatesCyprusIndiaRussiaAustrailiaNew ZealandAustraliaAustraliaUnited StatesAustraliaNew ZealandNetherlandsIndiaUnited StatesUKAustraliaGrenadines
Regulated ByFinancial Conduct Authority (FCA)Financial Services Provider (FSP)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F317Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F306the US Securities and Exchange Commission and the Commodity Futures Trading Commission. Australian Securities and Investments Commission (AFSL: 453554) and is a participant of ASX, ASX 24 and Chi-X Australia. Is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and Member - Canadian Investor Protection Fund. Is authorised and regulated by the Financial Conduct Authority. FCA register entry number 208159. Is regulated by the Commission de Surveillance du Secteur Financier (CSSF). Is regulated by the Central Bank of Ireland (CBI, reference number C423427). Is licensed and regulated by the Central Bank of Hungary (Magyar Nemzeti Bank) under no. H-EN-III-623/2020. Is regulated by the Hong Kong Securities and Futures Commission. Is a member of NSE, BSE, SEBI. Regn. No. SEBI Registration No. INZ000217730; NSDL: IN-DP-NSDL-301-2008. CIN-U67120MH2007FTC170004. Is regulated by Kanto Local Finance Bureau (Registration No.187). Is licensed and regulated by the Monetary Authority of Singapore (Licence No. CMS100917).Cyprus Securities and Exchange Commission (CySEC)Securities and Exchange Board of India (SEBI), Member of the Bombay Stock ExchangeFinancial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F328Australian Securities and Investment Commission (ASIC)UnregulatedMalta Financial Services Authority (MFSA)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F273HCMC (Greece), FSA (St Vincent & Grenadines)Australian Securities and Investment Commission (ASIC)Financial Industry Regulatory Authority (FINRA)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F308Securities and Exchange Board of India (SEBI), Member of the Bombay Stock ExchangeFinancial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F332Financial Conduct Authority (FCA: 182110)Cyprus Securities and Exchange Commission (CySEC)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F289
Clients10,000+10,000+150,000+10,000+1,000,000+10,000+1,500,000+1,000,000+10,000+10,000+10,000+10,000+60,000+10,000+10,000+3,500,000+1,500,000+142,500+10,000+10,000+14,000+
Risk WarningLosses can exceed depositsYour capital is at riskYour capital is at riskYour capital is at riskThe risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed income can be substantial. Options are not suitable for all investors.Your capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskTrading spot currencies involves substantial risk and there is always the potential for loss.Losses can exceed depositsYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at risk68% of retail investor accounts lose money when trading CFDs with this provider.Losses can exceed depositsYour capital is at risk
Withdrawal FeesNoYesYesNoYesYesYesNoNoYesNoNoYesNoYesNoNoNoNoNoYes
Inactivity FeesNoNoNoNoNoNoNoNoYesNoNoNoYesYesNoNoNoNoYesNoYes
Deposit Fees1000100250250050002505250100250300100010025002501001250
CFD FeesNoNoNoYesYesYesYesNoNoNoNoYesNoYesNoYesYesYesNoYesYes
Accepts Credit CardsYesYesYesYesYesYesNoYesYesYesYesYesYesYesYesYesNoYesYesYes
Accepts PayPalNoNoYesYesNoNoNoYesNoNoNoYesYesNoNoYesNoYesNoYes
Accepts SkrillNoNoYesYesNoNoNoYesNoNoNoYesYesNoNoYesNoYesYesYes
Accepts PayoneerYesYesYesYesYesYesNoYesYesYesYesYesYesYesYesYesNoYesYesYes
Accepts NetellerNoNoYesYesNoNoNoYesNoNoNoYesYesNoNoYesNoYesYesYes

Online Share Trading In Kenya

Trading Assets in Kenya is highly controlled and considered quite safe. However, be aware that any investment may go down as well as up, so your capital is at risk.

If you're just starting out using online trading then it is advised to get a demo account with a controlled broker so that you are able to find out the systems without the risk of losing cash.

Live Forex Trading In Kenya

Forex is the liquid financial market in the world with a daily monetary exchange turnover of over $5 trillion (BIS data April 2016).

Forex (short for Foreign Exchange) is a currency exchange between two distinct countries and the following management of the consequent position in which one currency gains and the other loses.

It is easy to do Live Forex Trading in Kenya using professional online brokers

Live CFD Trading In Kenya

CFD trading is the selling and buying of contracts for difference via an online provider in Kenya. When trading CFDs you are agreeing to exchange the difference in the price of an asset from the point at which the contract is opened to when it is closed.

Spread Betting In Kenya

Spread Betting in Kenya is possible using experienced online brokers like XM or Trading212. It is a simple bet as to whether the price will go up or down.  Often, the Kenya online trading platforms will show the prices you have.

If you are looking at how to do spread betting in Kenya then it is suggested to start with a demo account with either XTM or 101Investing so that you can practice with fake money before risking your own capital.

Trading Shares in Kenya

Internationally, Kenya is considered safe to do online trading and has access to other global financial centers. In Kenya, online trading platforms are highly regulated, professional and customer centric. 

However, it is always important to be as informed as possible so here we detail some of the most important things any trader should know:

The financial industry in Kenya are professional and are seen are very trustworthy due to regulation and compliance by the local Fiancial trade authority in Kenya.

The online trading solutions used by brokers in Kenya are thoroughly tested and highly rated.

Whichever Online Trading Brokers in Kenya you decide to use, make sure they have all of the following:

  • User friendly platform
  • Availability of a risk management tool
  • Good or fast execution speed
  • Better quality charts
  • Capable of doing social trading
  • Quick online help or support

Challenges Of Using Online Trading Platforms in Kenya

The US Dollar is considered the base currency globally so even a tiny change in the US economic markets could affect the economic markets in Kenya. The EU is also a large economy and changes there may affect the financial markets in Kenya.

Like every country there are challenges in Kenya economic markets but overall the prospects are good. However, like in all global economic markets we recommend that any Online Trading Platforms in Kenya you decide to use, make sure you do your homework first before risking your money. We have collated hundreds of datapoints and written this guide to help you find the Best Trading Platforms in Kenya.  We hope that by reading this guide you will find a professional broker that matches your needs.

Frequently Asked Questions About Trading Forex In Kenya

Is Forex Trading Legal In Kenya?

There is a growing misconception that trading Forex in Kenya is deemed unsafe. This is not the case, Forex trading in Kenya is very active, safe and regulated.

Trading in Forex is permitted in Kenya as for any company to trade internationally, foreign currency must be exchanged. Any time you buy something and it's shipped from abroad, there will be multiple currency exchanges by multiple businesses to receive that item to you.

The main issue is that when trading Forex in Kenya you pick one of the top online brokers.

Do Forex Traders Pay Tax In Kenya?

Once a dealer is successful and their profits reach a certain level then they can be taxed in Kenya according to the typical tax rules.

Tax returns should always be registered even if there's a loss. You should seek out advice with a documented accountant in Kenya to ensure you are abiding with current local laws as it's very determined by your personal circumstances.

Can You Trade Cryptocurrencies In Kenya?

Cryptocurrency markets in Kenya are quite new. As Cryptocurrencies operate on decentralised resources in Kenya matters like interest rate fluctuations and political instability don't impact them as much as the fiat markets.

Cryptocurrencies are more popular with the younger generations and with growing income amounts and technology adoption, trading cryptocurrency in Kenya is rising day by day. It is still small in comparison to the Forex markets but about $6 billion USD of Bitcoin is traded daily.

Can You Trade Commodities In Kenya?

Commodities trading in Kenya involves trading in things like precious metals, energies and agricultural commodities.

Some commodities like agricultural are seeing exponential growth inKenya.

Fast growing economies like India have a big need for many fundamental raw materials because of their inhabitants. It follows that states like Kenya can take advantage of the situation.