Forex & CFD brokers in Kenya
Compare costs, account features and the legal entity for Kenyan clients. Confirm your eligibility before applying.
Compare 22 brokers
Ranked by Clarity Score
Copy trading is not intended for EU/UK/AU-based audiences
Why this fits: Locally authorised entity: Pepperstone Markets Kenya Limited (CMA 128) · Max leverage: 1000:1
Costs and charges may vary depending on the jurisdiction
Why this fits: Locally authorised entity: IC Markets (KE) Limited (CMA 199) · Max leverage: 500:1
The FTSE-100 original — 17,000+ markets since 1974; entity and products vary sharply by country.
Why this fits: Country coverage recorded for Kenyan clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: Varies by entity (entity unverified)
Why this fits: Locally authorised entity: Exness KE Limited (CMA 162) · Max leverage: Unlimited
Why this fits: Country coverage recorded for Kenyan clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: 500:1 (entity unverified)
Why this fits: Country coverage recorded for Kenyan clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: 500:1 (entity unverified)
Low-cost multi-entity broker favoured by scalpers and EAs; licences and protection vary by country.
Why this fits: Offshore entity only: Tickmill Ltd (FSA) — outside CMA's rules · Max leverage there: 1000:1 (offshore entity)
Why this fits: Locally authorised entity: Exinity Capital East Africa Ltd (CMA 135) · Max leverage: 1000:1
Why this fits: Country coverage recorded for Kenyan clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: 500:1 (entity unverified)
Why this fits: Offshore entity only: Gleneagle Securities Pty Limited (VFSC 40256) — outside CMA's rules · Max leverage there: — (offshore entity)
Why this fits: Offshore entity only: VT Markets Limited (FSC GB23202269) — outside CMA's rules · Max leverage there: 500:1 (offshore entity)
Why this fits: Offshore entity only: Eightcap Global Limited (SCB) — outside CMA's rules · Max leverage there: 500:1 (offshore entity)
Why this fits: Offshore entity only: AxiTrader LLC (FSA 4303 LLC 2025) — outside CMA's rules · Max leverage there: — (offshore entity)
Why this fits: Locally authorised entity: TPXMGLOBAL Kenya Limited (CMA 233) · Max leverage: 1000:1
Why this fits: Offshore entity only: RoboForex Ltd (FSC 9759600) — outside CMA's rules · Max leverage there: 2000:1 (offshore entity)
A multi-entity CFD broker with education resources, webinars, broad market access and copy trading availability. Entity, leverage and product terms should be verified before depositing.
Why this fits: Offshore entity only: PU Prime Limited (FSA SD050) — outside CMA's rules · Max leverage there: 1000:1 (offshore entity)
Why this fits: Offshore entity only: STARTRADER Financial Markets Limited (FSC GB24203371) — outside CMA's rules · Max leverage there: 500:1 (offshore entity)
Why this fits: Country coverage recorded for Kenyan clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: 1000:1 (entity unverified)
Why this fits: Country coverage recorded for Kenyan clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: 1000:1 (entity unverified)
Why this fits: Country coverage recorded for Kenyan clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: 500:1 (entity unverified)
ForexCopy is not compatible with MT5 accounts. Confirm the account and platform before applying.
Why this fits: Country coverage recorded for Kenyan clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: 5000:1 (entity unverified)
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Regulator
CMA
Kenya runs a licensing regime: a firm needs a CMA online foreign-exchange broker licence to solicit Kenyan clients, and the CMA has directed unlicensed platforms to stop onboarding Kenyans. Several global brokers operate CMA-licensed Kenyan entities — verify the licence on the CMA register.
Leverage rules
The CMA does not publish one fixed retail cap in the regulations — it sets, and can revise, the leverage its licensed brokers may offer. Confirm current limits with the CMA-licensed entity before funding.
Common deposit methods
M-Pesa / mobile money, Card, Bank transfer (EFT/RTGS)
The account landscape in Kenya
Our country coverage records include 22 of the 23 platforms for Kenyan clients. This is a research shortlist, not confirmation of account acceptance. We've recorded possible entity mappings for 13: 5 map to a locally authorised entity (tier 1–2), while 8 map to an offshore (tier-3) entity, whose leverage, compensation and complaint terms need a separate check. Confirm the company named on your own application and agreement. The table below lists 9 register-checked licence numbers so you can verify each firm yourself (CMA). On the numbers, the lowest all-in cost option here is Pepperstone, and the highest leverage through a locally authorised entity is 1000:1 (Pepperstone). Offshore entities advertise more — up to 2000:1 at RoboForex — but that leverage comes without the local regulator's protections.
Which legal entity onboards a Kenyan client
The brand you see isn't always the entity on your client agreement. These are possible entity mappings for Kenyan clients, with licence details to verify on the official register. 8 records map to an offshore entity; confirm that company's terms and whether it accepts your application.
Entity mapping from our register checks — shown to illustrate how the onboarding entity shifts by country. A verified licence proves the entity holds that authorisation; it does not prove the entity onboards retail clients here, which is a separate check and is why rows marked “likely” stay unconfirmed. Yours may differ; always confirm the legal entity on the signup screen and the official register before depositing. Informational only, not financial advice.
Trading costs for Kenyan traders
Lowest all-in cost on our scan: Pepperstone. Indicative figures — verify the live schedule before funding.
| Platform | All-in cost | Spread from | Commission | Min deposit | Withdrawal | Max leverage (by route) |
|---|---|---|---|---|---|---|
| Pepperstone | $···· | 0 pips | $7/lot | $10 | Same–next day | 1000:1 |
| IC Markets | $···· | 0 pips | $7/lot | $200 | Same–next day | 500:1 |
| Exness | $···· | 0 pips | Check account quote | $10 | Often instant | Unlimited |
| Tickmill | $···· | 0 pips | $6/lot | $100 | Same–next day | 1000:1 (offshore entity) |
| Blueberry Markets | $···· | 0 pips | $7/lot | $100 | Same–next day | 500:1 (entity unverified) |
| Fusion Markets | $···· | 0 pips | $4.5/lot | $0 | <1 hrBroker-stated | — (offshore entity) |
| ThinkMarkets | $$··· | 0 pips | $7/lot | $0 | 1–2 days | 500:1 (entity unverified) |
| Vantage Markets | $$··· | 0 pips | $6/lot | $50 | Same–next day | 500:1 (entity unverified) |
| VT Markets | $$··· | 0 pips | $6/lot | $100 | Same–next day | 500:1 (offshore entity) |
| Eightcap | $$··· | 0 pips | $7/lot | $100 | 1–2 daysSame-day cut-off | 500:1 (offshore entity) |
| Axi | $$··· | 0 pips | $7/lot | $0 | 1–3 daysBank transfers | — (offshore entity) |
| RoboForex | $$··· | 0 pips | $4/lot | $10 | Within hours | 2000:1 (offshore entity) |
| PU Prime | $$··· | 0 pips | $7/lot | Account-dependent | InstantReported | 1000:1 (offshore entity) |
| StarTrader | $$··· | 0 pips | $6/lot | $50 | ≤24 hrs | 500:1 (offshore entity) |
| LiteFinance | $$··· | 0 pips | $5/lot | $50 | ≤24 hrs | 1000:1 (entity unverified) |
| Moneta Markets | $$··· | 0.1 pips | $6/lot | $50 | 1–2 business daysProcessing; broker-stated | 1000:1 (entity unverified) |
| HYCM | $$··· | 0.1 pips | $4/lot | $20 | 3–7 daysArrival · broker-stated | 500:1 (entity unverified) |
| FXTM | $$$·· | 0.1 pips | $4/lot | $10 | Same–next day | 1000:1 |
| IG | $$$·· | 0.6 pips | — | $250 | 1–3 daysMethod-dependent | Varies by entity (entity unverified) |
| XM | $$$·· | 1.6 pips | — | $5 | 1–2 days | 1000:1 |
| InstaForex | $$$·· | — | Check account quote | From USD1 | Method dependent | 5000:1 (entity unverified) |
Trading in Kenya — questions
Which legal entity could onboard a Kenyan client?
5 broker records map Kenyan clients to a locally authorised entity (CMA). 8 records map Kenyan residents to an offshore (tier-3) entity. This does not establish local authorisation or application acceptance; check that entity's leverage, compensation and complaint terms. For 9 we have not yet mapped the onboarding entity. Local oversight is CMA. Always confirm the entity named on your client agreement and its licence on the official register before depositing.
Which platform has the lowest cost in Kenya?
Among the 22 platforms in our country records for Kenyan traders, Pepperstone has the lowest all-in cost on our scan (spreads from 0 pips, $7/lot commission, $10 minimum). Costs change with account type and instrument — verify the live schedule before funding.
What leverage can I use in Kenya?
The CMA does not publish one fixed retail cap in the regulations — it sets, and can revise, the leverage its licensed brokers may offer. Confirm current limits with the CMA-licensed entity before funding. Through a locally authorised entity, the highest leverage among these brokers is 1000:1 (Pepperstone). 8 broker records map Kenyan residents to an offshore entity, where up to 2000:1 is advertised (RoboForex). This is not a confirmed offer for your account; check the contracting entity's terms. Higher leverage increases both potential gains and losses.
How does Clarytrade pick these platforms?
We rank by our published 8-criteria method, filter using our country coverage records, and show possible legal entities for Kenyan clients. Mappings and licences do not confirm application acceptance. Affiliate commission is weighted at 0%.