5 Best Stock Brokers in Kenya

Shares of Kenyan companies are traded daily with the aim of profiting from daily fluctuations in their prices. Short-term trading distinguishes traders from long-term investors in the stock market.

Trading stocks using a reputable Kenyan online broker is simple and safe, regardless of your method of investing. Here, we have identified the top five Kenyan stockbrokers that offer competitive trading conditions and strong regulation.

  1. Exness

Insight

Exness, which was established in 2008, has grown rapidly in the business since then and now has around 60,000 active customer accounts from around the world.

For traders of all skill levels, Exness offers a wide variety of account types and financial instruments in addition to its FCA and CySEC licensed regulatory framework, according to this Exness Review.

Advantages and disadvantages

ADVANTAGES

THE INCONVENIENTS

Well regulated

Tight spreads

Over 130 currency pairs

Features

Characteristic

Information

Regulation

CySEC, FCA

Minimum deposit from

$1

Average spread of

1.3 dots

Commissions of

3 USD and 10 USD for 1 lot for CFDs

Deposit/withdrawal fees

None

Maximum leverage

1:2000

Bonuses

+10% Standard Bonus Program

Customer service

24/5 – multilingual

👉Open a free trading account now

2. Pepper

Insight

Pepperstone was established in Melbourne, Australia in 2010 and offers traders a wide range of CFDs on currency pairs (eg AUD/USD), commodities, stocks and cryptocurrencies.

However, compared to its competitors, the broker offers a wide selection of stock trading products. Kenyan traders can open accounts with the broker as it is regulated by the country’s CMA.

Advantages and disadvantages

Advantages

No minimum deposit

Low trading fees for forex

No additional fees for withdrawals or deposits

The inconvenients

Limited number of instruments

No additional search tools

Features

Characteristic

Information

Regulation

CIF, ASIC

Minimum deposit from

$200

Average spread of

0.4 pips

Commissions of

‎$3.76 commission per lot per trade

Deposit/withdrawal fees

None

Maximum leverage

1:500

Bonuses

None

Customer service

24/5

3.FX™

Insight

In 2011, FXTM, commonly known as ForexTime, was created. It has one of the best training programs for all types of traders and offers both CFD products and Forex pairs. Kenyan traders can use the services of the broker and there are six different account types to choose from.

Advantages and disadvantages

ADVANTAGES

THE INCONVENIENTS

Superb customer service

Inactivity and withdrawal fees

High maximum leverage

Limited product portfolio

Good teaching tools

Features

Characteristic

Information

Regulation

CySEC, FCA, FSCA

Minimum deposit from

$100

Average spread of

0.9 pips

Commissions of

No commission

Deposit/withdrawal fees

$3

Maximum leverage

1:500 on average

Bonuses

$300 trading bonus

Customer service

24/5

4.AvaTrade

Insight

In addition to a wide range of tradable instruments, AvaTrade offers a wide selection of trading platforms for manual and automated trading on multiple device types, with industry standard spreads.

To start, traders only need 100 units of the base currency to open an account, and the broker provides a wealth of training and research material.

Advantages and disadvantages

ADVANTAGES

THE INCONVENIENTS

Wide range of negotiable instruments

High EURUSD and inactivity fees

MetaTrader 4 and 5 available

Excellent teaching resources

Features

Characteristic

Information

Regulation

Central Bank of Ireland, MiFID, ASiC, BVI

Minimum deposit from

$100

Average spread of

0.9 pips

Commissions of

No commission on Forex

Deposit/withdrawal fees

None

Maximum leverage

1:400

Bonuses

First deposit bonus

Customer service

24/5 – multilingual

5.XTB

Insight

XTB Online Trading (XTB) clients have access to a wide range of resources essential to their success in the online trading environment.

Clients can expect to pay the lowest forex spread costs in the industry with this company. Clients should expect to pay lower spread and commissions for other product offerings.

Advantages and disadvantages

ADVANTAGES

THE INCONVENIENTS

Award-winning trading platform

Negative balance protection

Well regulated

Limited product portfolio

Features

Characteristic

Information

Regulation

KNF, FCA, CySEC and IFSC

Minimum deposit from

$250

Average spread of

1.02 pips

Commissions of

0.08% of trade value with $8 minimum

Deposit/withdrawal fees

$30 on withdrawals under $50

Maximum leverage

1:500

Bonuses

$40 No deposit bonus

Customer service

24/5

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Dolores W. Simon