Here are some of the best forex brokers in Kenya, regulated and offering a variety of services for traders:
1. XM
- Overview: A globally recognized broker offering over 1,000 financial instruments for trading, including Forex, CFDs, and Crypto*. It provides fast order execution and extensive educational resources.
- Regulation: ASIC (Australia), CySEC (Cyprus), IFSC (Belize).
- Features:
- MT4/5 platforms and XM app.
- Deposits as low as $5.
- Bonuses up to $5,000.
- 24/7 customer support.
- Start Trading: XM Trading Platform
2. Scope Markets
- Overview: A regulated non-dealing broker offering trading in global shares, forex, indices, and commodities. It provides cutting-edge trading technology.
- Regulation: Capital Markets Authority (CMA) of Kenya.
- Contact: +254 71903 4401.
- Location: Westside Towers, 4th Floor, Lower Kabete Rd, Nairobi.
3. EGM Securities
- Overview: Kenya’s first non-dealing forex broker, known for top-tier products and expert support.
- Regulation: CMA.
- Contact: +254 730 676 004.
- Location: 12th Floor, Tower 2, Delta Corner Towers, Delta Corner Rd, Waiyaki Way, Nairobi.
4. HFM Kenya
- Overview: Offers services to both retail and institutional clients with a focus on fast and efficient trading.
- Regulation: CMA License No. 155.
- Contact: 020 3894292.
- Location: The Oval Building, Corner of Jalaram Road/Ring Road Westlands, 5th Floor, Office 2-7.
5. FXTM (ForexTime)
- Overview: A global broker providing advanced technology, personalized account types, and access to major markets worldwide.
- Contact: +254 207 640 415.
- Location: West End Towers, Waiyaki Way, 6th Floor, Nairobi.
6. Pepperstone Markets Kenya Ltd
- Overview: Known for low-cost spreads, advanced trading technology, and support for traders of all levels.
- Contact: 020 3893547.
- Location: The Oval, 2nd Floor, Ring Road, Nairobi.
Regulation Note
All the mentioned brokers are regulated by Kenya’s Capital Markets Authority (CMA) or other global regulatory authorities, ensuring safer trading practices.
For any forex trading venture, ensure you fully understand the risks involved and choose a broker that aligns with your trading goals and needs.
