- Louis Schoeman
Jump to:
Overview
Regulation and Safety of Funds
Awards and Recognition
Account Types and Features
Account Registration
Broker Comparison
Trading Platforms
Range of Markets
Fees
Deposit and Withdrawels
Education and Research
Bonuses and Promotions
Affiliate Programs
Customer Support
Social Responsibility
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.7/5
Min Deposit
USD 100 / 11560 KES
Regulators
CySec, SVG, and FSCA
Trading Platform
MetaTrader 4, MetaTrader 5, Markets.com propietary platform
Crypto
Yes
Total Pairs
67
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overview
Markets.com is considered a low-risk forex and CFD broker for Kenyan traders with a trust score of 97%.
Markets.com is known for its low minimum deposit, wide range of markets, and a large selection of trading platforms that can be used across different devices.
Global brokerage business, Markets.com, has customers from all over the globe. While Markets.com is not regulated by the Capital Markets Authority (CMA) in Kenya, the broker is overseen by CySEC, SVG.
Additionally, Markets.com’s support staff is accessible by email and live chat, 24 hours a day, five days a week, and offers multilingual support.
This Markets.com review will provide traders with the details that they need to consider whether the broker is suited to their unique trading objectives and needs.
Markets.com At a Glance
| 🏛 Headquartered | The British Virgin Islands |
| 🏙 Kenyan Based Office | No |
| ✅ Accepts Kenyan Traders? | Yes |
| 🗓 Year Founded | 2008 |
| 📞 Kenyan Office Contact Number | None |
| 🤳 Social Media Platforms | Facebook X YouTube |
| ⚖️ Regulation | CySEC, FSCA FCA |
| 🪪 License Number | Financial Sector Conduct Authority (FSCA) Licence Number: 46860 Licensed Cyprus Securities and Exchange Commission (CySEC) Licence Number: 092/08 Financial Service Authority (FSA) – St Vincent & The Grenadines Registration Number: 27030 BC 2023 |
| ⚖️ CMA Regulation | None |
| 🚫 Regional Restrictions | The United States, Japan, Canada, Belgium, Israel, New Zealand, Russia, Hong Kong, and several other regions |
| ☪️ Islamic Account | Yes |
| 💻 Demo Account | Yes |
| 🛍 Retail Investor Accounts | 2 |
| 📊 PAMM Accounts | None |
| 🤝 Liquidity Providers | Unknown |
| 💸 Affiliate Program | No |
| 📲 Order Execution | Market and Instant |
| 📊 Average spread | 0.8 pips EUR/USD |
| 📞 Margin Call | 50% |
| 🛑 Stop-Out | 50% |
| ✅ Crypto trading offered? | Yes |
| 💰 Offers a Kenyan shilling Account? | No |
| 👨💻 Dedicated Kenyan Account Manager? | No |
| 📊 Maximum Leverage | 1:300 |
| 🚫 Leverage Restrictions for Kenya? | None |
| 💰 Minimum Deposit (KES) | 11,400 Kenyan shilling or an equivalent to $100 |
| ✅ Kenyan shilling Deposits Allowed? | No, only USD, ZAR, GBP, and EUR |
| 📊 Active Kenyan Trader Stats | 70,000+ |
| 👥 Active Kenyan-based Markets.com customers | Unknown |
| 💳 Kenya Daily Forex Turnover | $100 million+ |
| 💵 Deposit and Withdrawal Options | Bank Wire Transfer Credit Card Debit Card Skrill Neteller |
| 🏦 Segregated Accounts with Kenyan Banks? | No |
| 📊 Trading Platforms | MarketsX Marketsi MetaTrader 4 MetaTrader 5 MarketsX App |
| ✔️ Tradable Assets | Shares Bonds Cryptocurrencies Forex Primary CFDs ETFs Indices Blends Commodities |
| 💸 Offers USD/KES currency pair? | No |
| 📈 USD/KES Average Spread | N/A |
| 📉 Offers Kenyan Stocks and CFDs | None |
| 🗣 Languages supported on Website | English, Spanish, Thai, Vietnamese |
| 📞 Customer Support Languages | English, French, Spanish, Italian, Arabic, German, Bulgarian |
| ⏰ Customer Service Hours | 24/5 |
| 👥 Kenyan-based customer support? | No |
| ✅ Bonuses and Promotions for Kenyans | None |
| 📚 Education for Kenyan beginners | Yes |
| 📱 Proprietary trading software | Yes |
| 💰 Most Successful Kenyan Trader | Patrick Mahinge (Net Worth – Private) |
| ✅ Is Markets.com a safe broker for Kenyans? | Yes |
| 📊 Rating for Markets.com Kenya | 7/10 |
| 🤝 Trust score for Markets.com Kenya | 97% |
| 📝Sign up | 👉 Open Account |
Regulation and Safety of Funds
International service is provided through the Markets.com group of regulated companies. The business has offices throughout Europe, the United Kingdom, Australia, and South Africa. This burden falls squarely on the shoulders of each region to ensure that investors are protected.
Because Markets.com is so vast, it can provide a more appropriate product depending on where the trader is located, including local restrictions. Regulation of Markets.com AU and Markets.com CY is the responsibility of ASIC in Australia and CySEC in Cyprus, respectively.
Markets.com SA is regulated by the reputable and strict Financial Sector Conduct Authority (FSCA) in South Africa, where a local office is based. Markets.com UK is overseen and regulated by the Financial Conduct Authority (FCA).
Client assets must now be segregated, and financial reporting must adhere to high regulatory and compliance requirements in several jurisdictions across the world. Markets.com’s customers’ money is kept separate from the company’s own funds in separate bank accounts. Traders benefit from negative balance protection as well.
The European Union’s CySEC may compensate investors up to a maximum of €20,000 if they fulfill certain requirements set out under the Financial Services Compensation Scheme (UK clients).
There is no Investor Compensation Fund or Financial Services Compensation Scheme protection available to non-EU/UK applicants when applying to a non-EU/UK business. Each Markets.com client or potential customer is responsible for selecting the Markets.com solution that most closely fits their unique requirements and ambitions. Investor Compensation Fund and Financial Services Compensation Scheme do not provide compensation to EU/CySEC or UK consumers.
Exness Account Types and Features
Investment and trading accounts from Markets.com are available to investors and traders alike, with simple fee schedules and the greatest trading conditions.
To avoid overnight costs, traders who follow Sharia law can switch their live trading account to an Islamic Account. The practice demo account offered by Markets.com may be utilized for a variety of different reasons by both novice and experienced traders.
The live accounts that Markets.com offers Kenyan traders include:
Live Trading Accounts
Retail Account
- The Retail Account on Markets.com opens the door to forex, stocks, indices, and cryptocurrency trading for everyday traders.
- You get leverage limited to 1:30, negative balance protection, and tools such as sentiment indicators and analyst recommendations.
- Most traders should find this account suitable because it provides a solid platform, is regulated, and has good trading rates.
Professional Account
- Anyone who wishes to be considered for a Professional Account must show they have substantial assets and a long trading record.
- You will also get expanded leverage up to 1:300, flexible trading, and better margins compared to the Retail Account.
- Even so, features to protect retail customers from negative balances are not available with e-wallets.
- It’s optimal for active traders who need extra flexibility in their trading.
Demo Account
- At Markets.com, you can test your trading with virtual money in a real market setting using the Demo Account for free.
- It has all the features of a real account, including platforms, tools, and market information.
- Anyone wanting to learn trading or experienced traders who need to practice new strategies in a risk-free environment should use the demo account.
How to Register Your Account step by step
Opening an account with Markets.com could not be easier. Traders just need to submit an online form with their personal information, such as their name, date of birth, and current address. A valid passport and a recent bank statement or a utility bill that is no more than three months old are required proof of identification and residence to authenticate a trader’s account.
Kenyans can start trading after their trading account has been funded and they have been approved. If Kenyan traders have questions or are unclear about which account type to choose, they can contact the customer service team.
Step 1 – Go to the Official Website
Go to Markets.com and click on “Sign Up” in the top right corner.
Step 2 – Fill Out Your Details
Fill out your email address and create a password for your account.
Step 3 – Fill Out Your Country of Residence
Select Your Country of Residence and Birth.
Step 4 – Complete Your Profile
Now, follow the process of filling out your personal details and click on “Continue” to finalize your account.
Markets.com Vs Pepperstone Vs IG – Broker Comparison
| Markets.com | Pepperstone | IG | |
| ⚖️ Regulation | CySEC, FSCA, FCA | ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB | FCA, BaFin CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMA |
| 📱 Trading Platform | MetaTrader 4 MetaTrader 5 MarketsX App TradingView | MetaTrader 4 MetaTrader 5 cTrader TradingView Myfxbook DupliTrade | MetaTrader 4 IG Platform ProRealTime (PRT) L2 Dealer FIX API |
| 💰 Withdrawal Fee | None | No | None |
| 📊 Demo Account | Yes | Yes | Yes |
| 📈 Minimum Deposit | 11,400 KES | 17,300 KES | 28,700 KES |
| 📈 Leverage | 1:300 | 1:400 | 1:200 |
| 📊 Spread | From 0.8 pips | Variable, from 0.0 pips | From 0.1 pips DMA |
| 💰 Commissions | From 15 USD | From AU$7 | From 0.10% |
| ✴️ Margin Call/Stop-Out | 50% | 90%/20% | 100%/50% |
| ✴️ Order Execution | Instant, Market | Market | Market |
| 💳 No-Deposit Bonus | No | No | No |
| 📊 Cent Accounts | No | No | No |
| 📈 Account Types | Retail Account Professional Account | Standard Account Razor Account | United Kingdom Accounts European Accounts (excluding UK and Switzerland) Australian Accounts Switzerland, South Africa, Singapore, and New Zealand Accounts Dubai Accounts Japan Accounts US (IG) Accounts USA (NADEX) Accounts |
| ⚖️ CMA Regulation | No | Yes | No |
| 💳 KES Deposits | No | Yes | No |
| 📊 Kenyan shilling Account | No | No | No |
| 👥 Customer Service Hours | 24/5 | 24/5 | 24/7 |
| 📊 Retail Investor Accounts | 2 | 2 | 8+ |
| ☪️ Islamic Account | Yes | Yes | Yes, Dubai |
| 📊 Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| 📈 Maximum Trade Size | 100 lots | 100 lots | Unknown |
| 📝Sign up | 👉 Open Account | 👉 Open Account | 👉 Open Account |
Trading Platforms
Markets.com offers Kenyan traders a choice between these trading platforms:
- MarketsX
- Marketsi
- MetaTrader 4
- MetaTrader 5
- MarketsX App
Desktop Platforms
- MarketsX
- Marketsi
- MetaTrader 4
- MetaTrader 5
Markets.com’s innovative MarketsX multi-asset trading platform makes a variety of features and customization possibilities accessible online via MarketsX. For 2020, FX Scouts has ranked Markets.com as the best platform for trading currencies.
Marketsi empowers Kenyan traders, whether they want to invest for the long, medium, or short term. In addition to Marketsi, Markets.com provides its exclusive Investment Strategy Builder tool.
Markets.com’s VIP service and Marketsi’s industry-leading platform allow retail Kenyan traders to take advantage of global markets directly, cutting out the intermediary or middle agent.
It is no surprise that Metatrader 4 is so widely used because of its ease of use and wide range of features. When it comes to MT4, Markets.com has gone further than its competition with features like Expert Advisors, Micro-Lots, Hedging, and One-Click Trading.
The broker’s most advanced online trading platform, Metatrader 5, is also available to Kenyan traders. It is a multi-asset trading platform that, in conjunction with Markets.com, provides Kenyan traders with access to trading forex, futures, equities, and CFDs.
WebTrader Platforms
- MetaTrader 4
- MetaTrader 5
Kenyan traders who are trading with Markets.com can use either MetaTrader 4 or 5 WebTrader if they do not want to download the program to a desktop computer or a laptop. The web-based platform has the same functionality as the mobile and desktop versions of these platforms, making it a viable option for traders.
Trading App
- MetaTrader 4
- MetaTrader 5
- MarketsX Mobile
MT4 mobile includes a wide range of tools and features that make trading easy and enjoyable for traders of all skill levels. Even newcomers to online trading will not be intimidated by the user interface, which has a variety of trading tools to meet the needs of even the most demanding Kenyan investors.
For traders, Markets.com takes care of pricing and infrastructure, ensuring that transactions are executed at the best possible rates and with the lowest possible spreads.
Trading forex, futures, stocks, and CFDs are all supported by MetaTrader 5, a multi-asset derivatives platform that was created to compete with the likes of MetaTrader 4. In addition, MetaTrader 5 is a streamlined version of the MT4 platform that allows hedging and netting and provides a wider variety of timeframes and extra technical indicators.
Using MarketsX on a mobile device is one of the best ways to trade, especially for Kenyans who are constantly on the move. For a more seamless mobile experience, we use native designs for our iOS and Android applications. New features are added to the app regularly, so traders are constantly aware of the current market conditions.
Nairobi-based traders may trade, place orders, and manage alerts and positions without difficulty, no matter where they are.
Range of Markets
Kenyan traders can expect the following range of markets from Markets.com:
| 📊 Market Type | 🌍 Details |
| 💱 Forex | 50+ currency pairs including majors, minors, and exotics |
| 📈 Indices | Global indices like US30, NASDAQ 100, FTSE 100, DAX, and more |
| 🏢 Shares | Thousands of global stocks from the US, UK, Europe, and more |
| 🪙 Cryptocurrencies | Popular cryptos like Bitcoin, Ethereum, Litecoin, Ripple, and others |
| 💰 Commodities | Trade gold, silver, oil, natural gas, and agricultural commodities |
| 📉 ETFs | A wide range of Exchange-Traded Funds across various sectors |
| 🧾 Bonds | Government and corporate bonds from major markets |
| 💼 Blends | Themed asset baskets (e.g., social media stocks, renewable energy) |
Broker Comparison for Range of Markets
| Markets.com | Pepperstone | IG | |
| ➡️️ Forex | Yes | Yes | Yes |
| ➡️️ Precious Metals | Yes | Yes | Yes |
| ➡️️ ETFs | Yes | Yes | No |
| ➡️️ CFDs | Yes | Yes | Yes |
| ➡️️ Indices | Yes | Yes | Yes |
| ➡️️ Stocks | Yes | Yes | Yes |
| ➡️️ Cryptocurrency | Yes | Yes | Yes |
| ➡️️ Options | No | No | Yes |
| ➡️️ Energies | Yes | Yes | Yes |
| ➡️️ Bonds | Yes | Yes | Yes |
Trading and Non-Trading Fees
| 🔎 Fee Type | 💰 Details |
| 📈 Spreads (Typical) | EUR/USD – from 0.8 pips USD/JPY – from 1.2 pips AUD/USD – from 0.7 pips USD/CHF – from 1.7 pips USD/CAD – from 1.4 pips GBP/USD – from 1.1 pips |
| 💵 Commissions (Marketsi Account) | US shares – from 2¢, min $15 UK shares – from 0.1%, min £8 EU shares – from 0.1%, min €10 AU shares – from 0.1%, min A$10 |
| 🌙 Overnight / Swap Fees | Forex: AUD/USD – -7.96 pts (short & long) EUR/USD – -12.05 pts NZD/USD – ~ -7.66 pts • USD/CHF – -11.04 pts |
| Crypto: Crypto pairs – short 12, long -25 pts BTCFutures – -501.2 pts | |
| Commodities: Brent Oil – ~ -1.07 pts XAU/USD – ~ -29 pts | |
| 📉 ETFs | Indices & Others: AUS200 – ~ -65 pts US100 – ~ -127 pts VIXX – ~ -0.23 pts AAPL – ~ -0.61 pts EUR-BUND-10Y – -1.2 pts |
| 💸 Financing Charges | Forex – 3.75% Indices – 3.75% Oil – 6% Shares – 11% Commodities – 6% Natural Gas – 10% |
| 💷 Other Fees | Currency Conversion – 0.6% x conversion rate Inactivity Fee – $10 after 90 days of no trading activity |
Markets.com Deposits and Withdrawals
Markets.com offers the following deposit and withdrawal methods:
- Bank Wire Transfer
- Credit Card
- Debit Card
- Skrill
- Neteller
How to Deposit Funds with Markets.com
To deposit funds to an account with Markets.com, Kenyan traders can follow these steps:
Step 1: Log I
Sign up and then log in with your credentials.
Step 2: Make a Deposit
- Traders can select the option to deposit or add funds.
- Next, traders can choose their preferred payment method, enter the deposit amount, and deposit the currency they choose to use to make a deposit.
- Finalize the deposit and double-check the information before completing the form.
How to Withdraw Funds with Markets.com
To withdraw funds from an account with Markets.com, Kenyan traders can follow these steps:
Step 1: Log in
Log in to your account.
Step 2: Withdraw
- There is a drop-down box in the top right corner of the Markets.com interface where traders can choose a withdrawal method. When withdrawing money from a Kenyan account, customers can also use the mobile app if they prefer.
- To avoid any confusion, traders must understand that withdrawals must be done using the same payment method that was used for deposits before any other method can be selected.
- There is a priority given to deposits made within the last year, and those deposits will be returned before any other withdrawal alternatives are available.
Education and Research
| 📚 Educational Materials | 🧠 Research & Trading Tools |
| 🎥 Xray | Analysis |
| 📕 eBooks | Market Insight |
| 📰 Market News | Fundamental Analysis |
| ❓ FAQs | Technical Tools |
| 🖥️ Webinars | Sentiment Tools Blogger’s Opinions Hedge Funds Confidence Insider Trades Trading Analysis Recs Trends in Trading Trading Signals Advanced Charting Financial Commentary Advanced Trading Alerts Thomson Reuters Reports |
Verdict on Markets.com
Markets.com is a registered and well-known broker with a long history and a wide range of trading options. It allows the trading of a wide range of assets, including cryptocurrencies. This is one of the broker’s most significant advantages, alongside their own platform, which is both trustworthy and strong when it comes to technological optimization.
Kenyan traders can easily access the platform through a browser or mobile app, providing traders with additional flexibility. Because the first investment is merely 11,400 KES (or equivalent to $100), any trader can start trading global financial markets quickly by using a Markets.com retail account.
Based on these and several other factors, Markets.com’s comprehensive trading solutions and services are a viable option for Kenyan traders.
Pros and Cons
| 🟢 Pros | 🔴 Cons |
| Markets.com offers powerful trading platforms across several devices | The proprietary trading platform could be underwhelming to experienced traders |
| Commission-free trading is offered | Kenyan traders cannot set KES as their base account currency |
| There are many trading tools offered to advanced traders | KES is not an accepted deposit currency |
| Markets.com is well regulated by several reputable entities | There are no local deposit or withdrawal methods offered to traders from Kenya |
| There are tight and competitive spreads charged | An inactivity fee is charged on dormant accounts |
| There is a large selection of tradable financial instruments offered | The commission structure on the Share Dealing account can be very confusing to beginner traders |
Frequently Asked Questions
Is Markets.com regulated to operate in Kenya?
Yes, Markets.com operates under the parent company Finalto, which is regulated by multiple top-tier authorities. While not locally licensed in Kenya, Kenyan traders can still legally access the platform and benefit from global oversight.
What is the minimum deposit for Markets.com in Kenya?
The minimum deposit at Markets.com for Kenyan traders starts at around $100. This amount may vary based on your chosen funding method and currency conversion rates applied during the transaction process.
Does Markets.com offer ZAR trading accounts?
No, Markets.com does not offer ZAR-denominated accounts. Kenyan traders typically use USD or other major currencies when trading and should consider potential currency conversion fees during deposits and withdrawals.
Are there commissions charged by Markets.com?
Markets.com offers commission-free CFD trading. However, share dealing through the Marketsi platform carries commissions, such as a $15 minimum for US shares or 0.1% for UK, EU, and AU shares, depending on the region.
What trading platforms are available on Markets.com?
Markets.com supports MetaTrader 4 (MT4), MetaTrader 5 (MT5), and its proprietary Marketsx and Marketsi platforms, offering advanced tools, multi-asset support, and access to both retail trading and share investing services.
Are Islamic accounts available for Kenyan traders?
Yes, Markets.com offers swap-free Islamic accounts upon request. These accounts comply with Sharia law and exclude overnight interest fees, making them suitable for Muslim traders in Kenya who require interest-free trading conditions.
What are Markets.com spreads like for Kenyan traders?
Spreads at Markets.com are competitive, starting from 0.8 pips for EUR/USD, 1.1 pips for GBP/USD, and 0.7 pips for AUD/USD. These are floating spreads and may vary depending on market conditions and liquidity.
How can I withdraw funds from Markets.com in Kenya?
Kenyan traders can withdraw via bank cards, e-wallets, or internet banking. Withdrawals are generally free, though processing times vary—from instant to several business days—depending on the method chosen and local banking procedures.
Are there inactivity fees at Markets.com?
Yes, Markets.com charges a $10 monthly inactivity fee after 90 consecutive days of no trading activity. To avoid this, it’s advisable to maintain some level of trading activity or close the account if unused.
Is Markets.com beginner-friendly for Kenyan traders?
Yes, Markets.com is beginner-friendly, offering a simple interface, comprehensive educational resources, free demo accounts, and helpful support. Kenyan beginners can explore trading with minimal risk while gaining valuable knowledge and experience.
Table of Contents
