Top 5 Forex Brokers in Kenya

Comprehensive reviews of the best forex brokers for Kenyan traders. All CMA-regulated brokers prioritized for maximum security.

How We Rate Forex Brokers

Safety & Regulation

CMA licensing, fund segregation, compensation schemes

Trading Conditions

Spreads, commissions, execution speed, leverage

Kenyan Features

M-Pesa support, KES accounts, local customer service

Pepperstone Markets Kenya

Our Top Recommendation for Kenyan Traders

Why Pepperstone is #1

CMA regulated (License No. 128) - Fully compliant

From 0.0 pips spreads on EUR/USD

Lightning-fast execution (avg 30ms)

Global regulation: FCA, ASIC, CySEC

MetaTrader 4 & 5, cTrader platforms

Key Details

Minimum Deposit:$200 (≈KES 30,000)

Maximum Leverage:1:400

EUR/USD Spread:From 0.0 pips

Commission:$3.50 per lot

Currency Pairs:70+ including USD/KES

Local Office:Nairobi, Kenya

Pros & Cons

Pros

✓ CMA regulated with local office
✓ Industry-leading execution speeds
✓ Ultra-tight spreads from 0.0 pips
✓ Multiple global regulations
✓ Advanced trading platforms
✓ Excellent customer support

Cons

✗ Higher minimum deposit than some competitors
✗ Commission-based pricing model
✗ No M-Pesa deposits (yet)

FXPesa (EGM Securities)

Best Kenyan-Owned Forex Broker

Why Choose FXPesa

100% Kenyan-owned and operated

CMA licensed (License No. 107)

M-Pesa deposits and withdrawals

KES base currency accounts

Local customer support in Swahili

Key Details

Minimum Deposit:KES 10,000

Maximum Leverage:1:200

EUR/USD Spread:From 1.5 pips

Commission:None (spread-only)

Currency Pairs:45+ including major pairs

Payment Methods:M-Pesa, Bank Transfer

Pros & Cons

Pros

✓ Fully Kenyan-owned broker
✓ M-Pesa integration
✓ Very low minimum deposit
✓ KES base currency
✓ Local support team
✓ No commission fees

Cons

✗ Higher spreads than tier-1 brokers
✗ Limited currency pairs
✗ Proprietary platform only
✗ Lower maximum leverage

Exness

Best for High-Volume Trading

Why Choose Exness

Unlimited leverage up to 1:2000

Instant withdrawals 24/7

No minimum deposit requirement

Multiple account types

Advanced trading tools

Key Details

Minimum Deposit:$1 (≈KES 150)

Maximum Leverage:1:2000

EUR/USD Spread:From 0.3 pips

Regulation:FCA, CySEC, FSA

Currency Pairs:120+ pairs

Platforms:MT4, MT5, Exness Terminal

Note: Exness is not CMA regulated in Kenya but accepts Kenyan traders through international licenses.

XM Trading

Best for Education & Bonuses

Why Choose XM

$30 no-deposit bonus for new traders

Comprehensive education program

Multi-asset trading platform

Daily market analysis

Multiple account types

Key Details

Minimum Deposit:$5 (≈KES 750)

Maximum Leverage:1:1000

EUR/USD Spread:From 1.0 pips

Regulation:CySEC, ASIC, IFSC

Currency Pairs:55+ pairs

Bonus:Up to $5,000

Scope Markets

CMA Licensed Emerging Broker

Why Consider Scope Markets

CMA licensed (License No. 123)

Competitive trading conditions

MetaTrader platform support

Growing broker in Kenya

Key Details

Minimum Deposit:$100 (≈KES 15,000)

Maximum Leverage:1:500

Regulation:CMA Kenya

Platforms:MetaTrader 4 & 5

Note: Scope Markets is a newer CMA-licensed broker. While regulated, it has less track record than established brokers.

Quick Comparison Table

Broker	CMA Licensed	Min Deposit	Max Leverage	EUR/USD Spread	M-Pesa	Rating
Pepperstone	✅ Yes (128)	$200	1:400	0.0 pips	❌ No	⭐⭐⭐⭐⭐
FXPesa	✅ Yes (107)	KES 10,000	1:200	1.5 pips	✅ Yes	⭐⭐⭐⭐
Exness	❌ No	$1	1:2000	0.3 pips	❌ No	⭐⭐⭐⭐
XM	❌ No	$5	1:1000	1.0 pips	❌ No	⭐⭐⭐⭐
Scope Markets	✅ Yes (123)	$100	1:500	N/A	❌ No	⭐⭐⭐

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