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.
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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
|
PROS |
CONS |
|
Well-regulated |
|
|
Tight spreads |
|
|
Over 130 currency pairs |
Features
|
Feature |
Information |
|
Regulation |
CySEC, FCA |
|
Minimum deposit from |
$1 |
|
Average spread from |
1.3 pips |
|
Commissions from |
3 USD and 10 USD per 1 lot for CFDs |
|
Deposit/Withdrawal Fees |
None |
|
Maximum Leverage |
1:2000 |
|
Bonuses |
Standard +10% Bonus Programme |
|
Customer Support |
24/5 – multilingual |
?Open a Free Trading Account Now
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
|
Pros No minimum deposit Low trading fees for forex No added costs for withdrawals or deposits |
Cons Limited number of instruments No additional research tools |
Features
|
Feature |
Information |
|
Regulation |
FCA, ASIC |
|
Minimum deposit from |
AUD200 |
|
Average spread from |
0.4 pips |
|
Commissions from |
$3.76 commission per lot per trade |
|
Deposit/Withdrawal Fees |
None |
|
Maximum Leverage |
1:500 |
|
Bonuses |
None |
|
Customer Support |
24/5 |
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
|
PROS |
CONS |
|
Superb customer service |
Inactivity and withdrawal fees |
|
High maximum leverage |
Limited product portfolio |
|
Great educational tools |
Features
|
Feature |
Information |
|
Regulation |
CySEC, FCA, FSCA |
|
Minimum deposit from |
$100 |
|
Average spread from |
0.9 pips |
|
Commissions from |
No commission |
|
Deposit/Withdrawal Fees |
$3 |
|
Maximum Leverage |
1:500 on average |
|
Bonuses |
$300 Trading Bonus |
|
Customer Support |
24/5 |
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
|
PROS |
CONS |
|
Broad range of tradable instruments |
High EURUSD and inactivity fees |
|
MetaTrader 4 and 5 available |
|
|
Excellent educational resources |
Features
|
Feature |
Information |
|
Regulation |
Central Bank of Ireland, MiFID, ASiC, BVI |
|
Minimum deposit from |
$100 |
|
Average spread from |
0.9 pips |
|
Commissions from |
No commission on Forex |
|
Deposit/Withdrawal Fees |
None |
|
Maximum Leverage |
1:400 |
|
Bonuses |
First Deposit Bonus |
|
Customer Support |
24/5 – multilingual |
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
|
PROS |
CONS |
|
Award-winning trading platform Negative Balance Protection Well regulated |
Limited product portfolio |
Features
|
Feature |
Information |
|
Regulation |
KNF, FCA, CySEC and IFSC |
|
Minimum deposit from |
$250 |
|
Average spread from |
1.02 pips |
|
Commissions from |
0.08% of trade value with $8 minimum |
|
Deposit/Withdrawal Fees |
$30 on withdrawals of less than $50 |
|
Maximum Leverage |
1:500 |
|
Bonuses |
$40 No Deposit Bonus |
|
Customer Support |
24/5 |
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