Best MT4 Broker
with the Lowest Fees

FREE Video
Trading Tutorials

$100 Minimum

Accepts Kenyan

Easily Trade – Apple, Microsoft , Tesla and Google Stocks – Open a FREE Account Here Review Main Banner Review is considered average-risk, with an overall Trust Score of 97% out of 100. offers 5 excellent trading platforms. is authorized by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). is currently not regulated by the CMA of Kenya

Updated : January 27, 2023

Jump to: Review

Regulation and Safety of Funds Review

Account Types and Features Review

Account Registration Review

Trading Platforms Review

Range of Markets Review

Fees Review

Deposits and Withdrawals Review

Education and Research Review

Affiliate Program Review

Final Verdict Review

Pros and Cons Review


Overall Rating

Min Deposit

USD 100 / 11560 KES



Trading Desk

MetaTrader 4, MetaTrader 5, propietary platform



Total Pairs


Islamic Account


Trading Fees


Account Activation Time

24 Hours Overview Review Overview

👉 is considered a low-risk forex and CFD broker for Nigerian traders with a trust score of 97%. 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, has customers from all over the globe. While is not regulated by the Capital Markets Authority (CMA) in Kenya, the broker is overseen by ASIC, CySEC, FSCA, FCA, and BVI FSC.


👉 Additionally,’s support staff is accessible by email and live chat, 24 hours a day, five days a week, and offers multilingual support. This review will provide traders with the details that they need to consider whether the broker is suited towards their unique trading objectives and needs.


Distribution of Traders Review Distribution of Traders

👉 The distribution of traders for is as follows:

➡️️​ Argentina – 10.8%

➡️️​ Colombia – 9.2%

➡️️​ Denmark – 9%

➡️️​ United Kingdom – 8.4%

➡️️​ South Africa – 6.8%


Popularity among traders who choose

🥇 is a popular South African broker and while it does not dominate the forex market in Nigeria, is a viable and trustworthy option for Nigerian traders. At a Glance

🏛 HeadquarteredThe British Virgin Islands
🏙 Kenyan Based OfficeNo
✅ Accepts Kenyan Traders?Yes
🗓 Year Founded2008
📞 Kenyan Office Contact NumberNone
🤳 Social Media Platforms• Facebook
• Instagram
• Twitter
• YouTube
⚖️ RegulationASIC, CySEC, FSCA, FCA, BVI FSC
🪪 License Number• Cyprus (Safecap Investments) – 092/08
• British Virgin Islands (Finalto) – SIBA/L/14/1067
• South Africa (Finalto Pty Ltd) – 46860
• South Africa (Safecap Investments Limited) – 43906
• United Kingdom (Finalto Trading Ltd)- 607305
• Australia (Finalto) – ABN 82158641
⚖️ CMA RegulationNone
🚫 Regional RestrictionsThe United States, Japan, Canada, Belgium, Israel, New Zealand, Russia, Hong Kong, and several other regions
☪️ Islamic AccountYes
💻 Demo AccountYes
🛍 Retail Investor Accounts2
📊 PAMM AccountsNone
🤝 Liquidity ProvidersUnknown
💸 Affiliate ProgramNo
📲 Order ExecutionMarket and Instant
📊 Average spread0.8 pips EUR/USD
📞 Margin Call50%
🛑 Stop-Out50%
Crypto trading offered?Yes
💰 Offers a Kenyan shilling Account?No
👨‍💻 Dedicated Kenyan Account Manager?No
📊 Maximum Leverage1:300
🚫 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 Stats70,000+
👥 Active Kenyan-based customersUnknown
💳 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 SpreadN/A
📉 Offers Kenyan Stocks and CFDsNone
🗣 Languages supported on WebsiteEnglish, Spanish, Thai, Vietnamese
📞 Customer Support LanguagesEnglish, French, Spanish, Italian, Arabic, German, Bulgarian
⏰ Customer Service Hours24/5
👥 Kenyan-based customer support?No
✅ Bonuses and Promotions for KenyansNone
📚 Education for Kenyan beginnersYes
📱 Proprietary trading softwareYes
💰 Most Successful Kenyan TraderPatrick Mahinge (Net Worth – Private)
✅ Is a safe broker for Kenyans?Yes
📊 Rating for Kenya7/10
🤝 Trust score for Kenya97%
👉 Open an account👉 Open Account

Regulation and Safety of Funds Review Regulation And Safety

👉 International service is provided through the 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 is so vast, it can provide a more appropriate product depending on where the trader is located, including local restrictions. Regulation of AU and CY is the responsibility of ASIC in Australia and CySEC in Cyprus, respectively.

👉 SA is regulated by the reputable and strict Financial Sector Conduct Authority (FSCA) in South Africa, where a local office is based. UK is overseen and regulated by the Financial Conduct Authority (FCA).

👉 Besides regulating the global firm, the British Virgin Islands Financial Services Commission (BVI FSC) is also in charge of overseeing this entity.

👉 Client assets must now be segregated, and financial reporting must adhere to high regulatory and compliance requirements in several jurisdictions across the world.’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 client or potential customer is responsible for selecting the 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.

Account Types and Features Review Account Types

👉 Investment and trading accounts from 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 may be utilized for a variety of different reasons by both novice and experienced traders.

👉 The live accounts that offers Kenyan traders include:

➡️ MarketsX Account

➡️ Marketsi Account

Live Trading Accounts

MarketsX Account Review MarketsX Account

Account FeatureValue
💰 Minimum Deposit11,400 KES or an equivalent to $100
📊 Average SpreadsFrom 0.8 pips on major forex pairs
💸 CommissionsNone
📉 LeverageUp to 1:300 for non-EU traders
💻 Trading Platforms• MetaTrader 4
• MetaTrader 5
• MarketsX
• Marketsi
👥 Customer Support OfferedYes
🚨 Trading SignalsYes
🔧 Trading Tools offeredYes
📱 Trading Alerts and NotificationsCustomizable alerts
📈 Range of Markets8,000+ financial instruments

👉 Additional features on this account include the following:

➡️ Market trade execution

➡️ The use of a range of technical, fundamental, and sentimental analysis across several financial markets

➡️ Access to powerful and advanced charting

➡️ Access to’s financial commentary

➡️ Access to the Thomson Reuters Stock report

MarketsX Account Review MarketsX Account

👉 An all-in-one investment account, the Marketsi Account offers investors the tools and information they need to make well-informed investment choices, including competitive trading conditions, transparent fees, and helpful features.

👉 First-time account holders from Kenya are excused from paying commissions for the first three months. The following is what investors can anticipate paying after three months of trading:

➡️ US shares – from $0.2 and a minimum of 15 USD

➡️ UK shares – from 0.1% and a minimum of 8 GBP

➡️ EU shares – from 0.1% and a minimum of 10 EUR

➡️ AU shares – from 0.1% and a minimum of 10 AUD

👉 For Kenyan investors, offers a special trading account. In these cases, the following are some examples:

➡️ There are no exaggerated spreads in stock trading accounts.

➡️ Prices start at 0.15% every month and go up from there. Once the first term of free commission costs has elapsed, investors will be charged a monthly fee of 10 EUR.

➡️ During the commission-free period, all transactions will be subject to 0.50% currency conversion costs, regardless of whether the account currency is the asset currency. After the commission-free time has expired, there is a 1% penalty for currency conversion.

➡️ Be aware of the 0.5% stamp duty on UK shares when investing.

➡️ France’s large-cap stock market is subject to a 0.30% Financial Transaction Tax (FTT) and a $20.70 fee for every $1 million transacted on US exchanges.

➡️ The administrative cost for US shares ranges from $0.05 to $0.005 each.

👉 In addition to the trading fees that have already been mentioned, when Kenyan traders use the Marketsi account, they can expect the following stock exchange fees as well, determined by their trading experience status either as a Private or Professional Investor.

Stock ExchangePrivate InvestorsProfessional Investors
Australia20 AUD (1,700 KES)95 AUD (8,200 KES)
NASDAQ1 USD (80 KES)24 USD (2,000 KES)
BATS Europe25 GBP (2,100 KES)
New York Stock Exchange1 USD (80 KES)45 USD (3,800 KES)
NYSE AMEX and ARCA1 USD (80 KES)23 USD (1,900 KES)

Demo Account Review Demo Account

👉 A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital. 

👉 There is a certain degree of risk involved when trading financial markets and offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.

Islamic Account Review Islamic Account

👉 Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.

👉 This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.

👉 Kenyan traders can register an Islamic trading account on and save overnight fees while maintaining positions for an extended period, all without paying additional charges or commissions to compensate for the lack of swaps.

Account Registration Review Account Registration

👉 Opening an account with 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 the trader is approved. If Kenyan traders have questions or are unclear about which account type to choose, they can contact the customer service team.

How to Register Your Account 

👉 Step 1 – Go to the Official Website

➡️ Go to and click on “Create Account” in the top right corner. Review How to Register Your Account Step 1

👉 Step 2 – Fill Out Your Details

➡️ Fill out your email address and create a password for your account. Review How to Register Your Account Step 2 

👉 Step 3 – Fill Out Your Country of Residence

➡️ Select Your Country of Residence and Birth. Review How to Register Your Account Step 3

👉 Step 4 – Complete Your Profile

➡️ Now follow the process of filling out your personal details and click on “Continue” to finalize your account. Review How to Register Your Account Step 4 Vs Pepperstone Vs IG – Broker Comparison

📱 Trading Platform• MarketsX
• Marketsi
• MetaTrader 4
• MetaTrader 5
• MarketsX App
• MetaTrader 4
• MetaTrader 5
• TradingView
• Myfxbook
• DupliTrade
• MetaTrader 4
• IG Platform
• ProRealTime (PRT)
• L2 Dealer
💰 Withdrawal FeeNoneNoNone
📊 Demo AccountYesYesYes
📈 Minimum Deposit11,400 KES17,300 KES

28,700 KES

📈 Leverage1:300

📊 SpreadFrom 0.8 pipsVariable, from 0.0 pipsFrom 0.1 pips DMA
💰 CommissionsFrom 15 USD

From AU$7From 0.10%
✴️ Margin Call/Stop-Out50%90%/20%100%/50%
✴️ Order ExecutionInstant, MarketMarketMarket
💳 No-Deposit BonusNoNoNo
📊 Cent AccountsNoNoNo
📈 Account Types• MarketsX Account
• Marketsi 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 RegulationNoYesNo
💳 KES DepositsNoYesNo
📊 Kenyan shilling AccountNoNoNo
👥 Customer Service Hours24/524/524/7
📊 Retail Investor Accounts228+
☪️ Islamic AccountYesYesYes, Dubai
📊 Minimum Trade Size0.01 lots0.01 lots0.01 lots
📈 Maximum Trade Size100 lots100 lotsUnknown

Trading Platforms Review Trading Platforms

👉 offers Kenyan traders a choice between these trading platforms:

➡️ MarketsX

➡️ Marketsi

➡️ MetaTrader 4

➡️ MetaTrader 5

➡️ MarketsX App

Desktop Platforms Review Desktop Platforms

➡️ MarketsX

➡️ Marketsi

➡️ MetaTrader 4

➡️ MetaTrader 5

👉’s innovative MarketsX multi-asset trading platform makes a variety of features and customizability possibilities accessible online via MarketsX. For 2020, FX Scouts has ranked as the best platform for trading currencies.

👉 Marketsi empowers Kenyan traders, whether they are wanting to invest for the long, medium, or short term. In addition to Marketsi, provides its exclusive Investment Strategy Builder tool.

👉’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, 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, provides Kenyan traders with access to trading forex, futures, equities, and CFDs.

WebTrader Platforms Review WebTrader Platforms

➡️ MetaTrader 4

➡️ MetaTrader 5

👉 Kenyan traders who are trading with 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 Review 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, 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 Review Range of Markets

👉 Kenyan traders can expect the following range of markets from

➡️ Shares

➡️ Bonds

➡️ Cryptocurrencies

➡️ Forex

➡️ Primary CFDs

➡️ ETFs

➡️ Indices

➡️ Blends

➡️ Commodities

Broker Comparison for Range of Markets

➡️️​ ForexYesYesYes
➡️️​ Precious MetalsYesYesYes
➡️️​ ETFsYesYesNo
➡️️​ CFDsYesYesYes
➡️️​ IndicesYesYesYes
➡️️​ StocksYesYesYes
➡️️​ CryptocurrencyYesYesYes
➡️️​ OptionsNoNoYes
➡️️​ EnergiesYesYesYes
➡️️​ BondsYesYesYes

Trading and Non-Trading Fees

Spreads Review Spreads

👉’s average spreads for Kenyan traders include the following:

➡️ 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 Review Commissions

👉 On the Marketsi Share Dealing account, traders may anticipate paying the following fees:

➡️ US shares – from 2c and a minimum of 15 USD

➡️ UK shares – from 0.1% and a minimum of 8 GBP

➡️ EU shares – from 0.1% and a minimum of 10 EUR

➡️ AU shares – from 0.1% and a minimum of 10 AUD

Overnight Fees, Rollovers, or Swaps Review Overnight Fees

👉 Based on the financial instrument, estimates its overnight fees. Because the fees are tied to the interest rates of each instrument, the amount that may be debited or credited varies from one instrument to the next. Additional financing fees set by the broker are also considered.

👉 Typical overnight fees that Kenyan traders can expect include some of the following:

➡️ AUD/USD – a short swap of -7.967 points and a long swap of -7.9677 points

➡️ EUR/USD – a short swap of -12.0485 points and a long swap of -12.0489 points

➡️ NZD/USD – a short swap of -7.7611 points and a long swap of -7.5609 points

➡️ USD/CHF – a short swap of -11.0376 points and a long swap of -11.0374 points

➡️ Cryptocurrency pairs – short swaps of -12 points and long swaps of -25 points

➡️ BTCFutures – a short swap of -501.2 points and a long swap of -501.2 points

➡️ Brent Toil – a short swap of -1.05 points and a long swap of -1.09 points

➡️ XAU/USD – a short swap of -28.52 points and a long swap of -29.49 points

➡️ AUS200 – a short swap of -63.835 points and a long swap of -67.59 points

➡️ US100 – a short swap of -123.6 points and a long swap of -130.8 points

➡️ VIXX – a short swap of -0.211 points and a long swap of -0.258 points

➡️ APPL – a short swap of -0.592 points and a long swap of -0.62 points

➡️ EUR-BUND-10Y – a short swap of -1.2 points and a long swap of -1.2 points

👉 In addition, the Central Bank of the country whose currency the asset is denominated publishes the Key Interest Rate (or an equivalent) during large refinancing activities. The Financing Charge is product-specific and includes the following costs:

➡️ Forex – 3.75%

➡️ Indices – 3.75%

➡️ Oil – 6%

➡️ Shares – 11%

➡️ Commodities – 6%

➡️ Natural Gas – 10%

Other Fees Review Other Fees

👉 There is a 0.6% x Conversion Rate fee charged by when converting currencies. Following 90 days of inactivity, levies a $10 inactivity fee on inactive accounts.

Deposits and Withdrawals Review Deposits And Withdrawals

👉 offers the following deposit and withdrawal methods:

➡️ Bank Wire Transfer

➡️ Credit Card

➡️ Debit Card

➡️ Skrill

➡️ Neteller

How to Deposit Funds with Review How To Deposit Funds

👉 To deposit funds to an account with, Kenyan traders can follow these steps:

➡️ Use the menu in the upper right corner of the trading interface.

➡️ 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 Review How To Withdraw Funds

👉 To withdraw funds from an account with, Kenyan traders can follow these steps:

➡️ There is a drop-down box in the top right corner of the 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 with 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 Review Education And Research

👉 offers the following Educational Materials:

➡️ Xray

➡️ eBooks

➡️ Market News

➡️ FAQs

➡️ Webinars

👉 offers Kenyan traders the following Research and Trading Tools:

➡️ Analysis

➡️ Market insight

➡️ Fundamental Analysis

➡️ Technical Tools

➡️ Sentimental tools

➡️ Blogger’s opinions

➡️ Hedge Funds Investment Confidence

➡️ Insider Trades

➡️ Trading Analysis Recommendations

➡️ Trends in Trading

➡️ Trading Signals

➡️ Advanced Charting

➡️ Financial Commentary

➡️ Advanced Trading Alerts

➡️ Thomson Reuters Stock Report

Verdict on

👉 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 retail account.


👉 Based on these, and several other factors,’s comprehensive trading solutions, and services are a viable option for Kenyan traders. Current Popularity Trends

👉 According to Google Trends, has been receiving more Google Searches in the past few months. Review Google Trends Pros and Cons

✔️ Pros❌ Cons offers powerful trading platforms across several devicesThe proprietary trading platform could be underwhelming to experienced traders
Commission-free trading is offeredKenyan traders cannot set KES as their base account currency
There are many trading tools offered to advanced tradersKES is not an accepted deposit currency is well regulated by several reputable entitiesThere are no local deposit or withdrawal methods offered to traders from Kenya
There are tight and competitive spreads chargedAn inactivity fee is charged on dormant accounts
There is a large selection of tradable financial instruments offeredThe commission structure on the Share Dealing account can be very confusing to beginner traders
Client fund security is guaranteed by and investor protection is offered
There is dedicated and prompt customer support provided to Kenyan traders

Frequently Asked Questions


Is regulated and by whom?

Yes, is regulated by ASIC, CySEC, FSCA, FCA, and BVI FSC.

Which trading platforms are supported by supports the use of these trading platforms:

  • MarketsX
  • Marketsi
  • MetaTrader 4
  • MetaTrader 5
  • MarketsX App

Does offer leverage and what is the maximum ratio offered?

Yes, offers maximum leverage up to 1:300 to Non-EU clients and up to 1:30 to EU clients.

What is the overall rating for out of 10?

The overall rating is 7/10.

Is suitable for beginner and professional traders?

Yes, is an ideal broker that can be used by beginner and professional traders.


9/10 - (3 votes)