Comprehensive review of Kenya's top CMA-regulated forex broker. Find out why Pepperstone is our #1 recommendation for Kenyan traders.
Pepperstone Markets Kenya Limited is the local subsidiary of the globally renowned Pepperstone Group, established in Australia in 2010. The company has built a reputation as one of the world's leading online forex and CFD brokers, serving over 400,000 clients worldwide.
In 2023, Pepperstone expanded to Kenya, becoming one of the first major international brokers to obtain full CMA licensing. This move demonstrates their commitment to the African market and provides Kenyan traders with access to world-class trading infrastructure.
The broker is particularly known for its institutional-grade technology, offering some of the fastest execution speeds in the industry and access to deep liquidity pools from tier-1 banks.
License Number: 128
Pepperstone Markets Kenya Limited is fully licensed and regulated by the CMA, ensuring compliance with Kenya's financial regulations and investor protection standards.
Pepperstone's global regulatory footprint provides additional security and demonstrates their commitment to maintaining the highest standards across all markets.
Spreads from 1.0 pips
No commission
Spreads from 0.0 pips
$3.50 commission per lot
Islamic account
No overnight interest
| Currency Pair | Standard Account | Razor Account | Commission (Razor) |
|---|---|---|---|
| EUR/USD | 1.0 pips | 0.0 pips | $3.50 per lot |
| GBP/USD | 1.2 pips | 0.1 pips | $3.50 per lot |
| USD/JPY | 1.0 pips | 0.0 pips | $3.50 per lot |
| USD/KES | 50 pips | 25 pips | $3.50 per lot |
| Gold (XAU/USD) | 0.22 pips | 0.12 pips | $3.50 per lot |
Cost Analysis: For active traders, the Razor account offers significant savings. Even with commission, total trading costs are typically 40-60% lower than Standard account spreads.
World's most popular forex platform
Next-generation trading platform
Professional ECN platform
Position calculator, correlation matrix
Professional market analysis
Pattern recognition software
Low-latency server hosting
For algorithmic trading
Local Kenya banks
Visa, Mastercard
Skrill, Neteller
Coming soon
Full regulatory compliance in Kenya with local office support
Average 30ms execution speed with 99.9% uptime
From 0.0 pips on major pairs, saving significant trading costs
Regulated in 7 jurisdictions including FCA and ASIC
MT4, MT5, and institutional-grade cTrader
Trading Central, Autochartist, VPS hosting included
$200 minimum may be too high for some beginners
Best pricing requires commission-based Razor account
M-Pesa deposits not available but planned for future
No deposit bonuses or promotional offers
Professional focus may overwhelm new traders
Pepperstone Markets Kenya is our top recommendation for serious Kenyan forex traders. Their combination of CMA regulation, institutional-grade technology, and ultra-competitive pricing makes them the gold standard for forex trading in Kenya.
While the higher minimum deposit and commission-based model may not suit everyone, traders who prioritize execution quality, tight spreads, and regulatory safety will find Pepperstone unmatched in the Kenyan market.
Professional traders, scalpers, serious investors
Intermediate traders with $200+ capital
Complete beginners, very small accounts
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 75-95% 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. This review is for educational purposes only and does not constitute investment advice.