5 Best Stock Brokers in Kenya

Shares in Kenyan companies are traded daily in an effort to profit from the daily fluctuations in their prices. Short-term trading distinguishes traders from long-term investors in the stock market.

Trading stocks using a reputed Kenyan online stockbroker is simple and safe, regardless of your investment method. Here, we’ve identified the top five Kenyan stock brokers that offer competitive trading terms and sound regulation.

1. Exness

Overview

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

Pros and Cons

Features

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2. Pepperstone

Overview

Pepperstone was created in Melbourne, Australia in 2010 and provides traders with a wide range of CFDs on currency pairs (for example, the AUD/USD pair), commodities, equities, and cryptocurrencies. 

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

Pros and Cons

Features

3. FXTM

Overview

In 2011, FXTM, commonly known as ForexTime, was established. It boasts one of the greatest education programs for all kinds of traders and offers both CFD products and Forex pairs. Kenyan traders can use the broker’s services, and there are six different account kinds to choose from.

Pros and Cons

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4. AvaTrade

Overview

In addition to a wide range of tradable instruments, AvaTrade provides a wide-selection of trading platforms for both manual and automated trading across several device types, with industry standard spreads.

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

Pros and Cons

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5. XTB

Overview

Clients of XTB Online Trading (XTB) 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 business from this company. Customers should expect to pay a lower spread and commissions for other product offers.

Pros and Cons

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