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7 Best CFD Trading Platforms in Kenya

The 7 Best CFD Trading Platforms in Kenya revealed. We tested and verified the best CFD trading platforms for Kenyan Traders.

This is a complete list of the best CFD trading platform brokers in Kenya.

In this in-depth guide you’ll learn:

  • What is a Contracts for Difference (CFD) Trading Platforms? 
  • Who are the best CFD trading platform brokers for Kenya Traders?
  • How to choose a forex broker – Compare them against each other.
  • Which CFD brokers are best for beginner traders?
  • Which brokers can you use with M-PESA?
  • How to deposit as a first-time beginner trader with M-PESA?
  • Which brokers offer a sign-up welcome bonus for Kenyan traders?
  • Which brokers offer a low $5 (584 KES) minimum deposit that also accepts M-PESA?


And lots more…

So if you’re ready to go “all in” with the best-tested CFD Trading brokers for Kenyans…

Let’s dive right in…

Updated : August 31, 2022

Best CFD Trading Platforms in Kenya 

🥇 Broker✔️ CFD Trading Platform?💰 Minimum Deposit?💸 Kenyan Shilling (KES) Deposits Allowed?👉 Open Account
1. XMYes$5 (580 KES)No👉 Open Account
2. AvaTradeYes$100 (11635,00 KES)Yes👉 Open Account
3. ExnessYes$1 (116 KES)Yes👉 Open Account
4. HF MarketsYes$5 (580 KES)Yes👉 Open Account
5. PepperstoneYes$150 (17 546 KES)Yes👉 Open Account
6. IC MarketsYes$200 (23,000 KES)No👉 Open Account
7. eToroYes$200 (23,000 KES)No👉 Open Account

7 Best CFD Trading Platforms in Kenya (Updated 2022)

  1. XM – Overall, the Best CFD Trading Platform in Kenya
  2. AvaTrade – Best MetaTrader 5 / MT5 Trading Platform Broker
  3. Exness – Best CFD Broker Trading App in Kenya
  4. HF Markets – Best Sign Up Bonus Broker for Kenyan Traders
  5. Pepperstone – Best CFD Lowest Spread Broker
  6. IC Markets – Best Volatility 75 / VIX 75 Broker
  7. eToro – Best CFD Broker for Beginner Traders

What are CFD Trading Platforms?

👉 CFDs stand for Contracts for Difference. It’s a contract between a trader and a broker. CFDs enable traders to profit from price movements determined by the asset’s movement between trade entry and exit, without taking the asset’s value into account.

 

👉 When trading CFDs, you buy a set amount of contracts on a market if you think it will climb, and sell them if it will decline. The value of your position changes in response to changes in the underlying market.

1. XM

Overall Rating

Min Deposit

USD 5 / 584 KES

Regulators

IFSC, CySec, ASIC

Trading Desk

Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform

Crypto

No

Total Pairs

57

Islamic Account

Yes

Trading Fees

No (Just spread) 

Account Activation Time

24 Hours

 

Overview

👉 Overall, XM is the top CFD and Forex broker for Kenyan traders. Consumers look for a variety of benefits in an online trading platform, including security, customer support, account financing, and low fees, and XM delivers on all of them.

 

👉 Because of this winning combination, XM is a wonderful place to start a trading career or progress in an existing one. XM was founded in 2009 and has been in operation for over 12 years. It works in over 196 countries, has a service team that speaks 30 languages, and is one of the most trusted and well-regulated brokers.

 

👉 Despite the fact that the broker’s main branch is situated in Belize and is regulated by the IFSC, the broker has offices around the world that may fulfill clients’ needs and are subject to local legislation and authority.

 

Unique Features

FeatureInformation
⚖️ RegulationFSCA, IFSC, ASIC, CySEC, DFSA
📱 Social Media Platforms• Facebook
• Twitter
• YouTube
• Instagram
• LinkedIn
💻 Trading AccountsMicro Account, Standard Account, XM Ultra-Low Account, Shares Account
📊 Trading PlatformMetaTrader 4, MetaTrader 5, XM Mobile App
💰 Minimum Deposit5 USD
✅ Trading AssetsForex, Cryptocurrencies, Stock CFDs, Commodities, Equity Indices, Precious Metals, Energies, Shares
✔️ Kenyan Naira-Based AccountNo
💳 Bonuses for Kenyan traders?Yes
📉 Minimum spreadfrom 0.0 pips
✔️ Demo AccountYes
☪️ Islamic AccountYes

 

✔️ Pros❌ Cons
XM is a low-cost forex broker with a high trust scoreNo fixed spreads offered on accounts
XM has more than 5 million active clients from around the worldInactivity fees apply for dormant accounts
Client fund safety is guaranteed
XM offers investor protection to Kenyan traders
There are no commissions charged on deposits or withdrawals
XM has won several industry awards since its establishment in 2009

 

Trust Score and Kenyan Market Share

🥇 XM has a trust score of 84% and a market share of <5% in Kenya.

2. AvaTrade

Overall Rating

Min Deposit

USD 100 / 11560 KES

Regulators

ASIC, FSA

Trading Desk

MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

 

Overview

👉 AvaTrade is a globally known CFD and FX broker and is part of the AvaTrader Groups. It is overseen by several financial institutions, in various jurisdictions.

 

👉 AvaTrade is an award-winning broker that offers trading in over 1,250 financial instruments through a choice of platforms. It offers two live account types and also caters to a demo and Islamic Swap-Free account to suit beginner traders and those following the Muslim faith.

 

👉 AvaTrade was among the first forex brokers to introduce CFD trading on commodities, indices, and stocks and introduce digital currency trading.

 

Unique features

FeatureInformation
⚖️ RegulationCentral Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC
📱 Social Media Platforms• Twitter
• Instagram
• Facebook
• YouTube
💻 Trading AccountsStandard and Options accounts
📊 Trading Platform• AvaTradeGO
• AvaOptions
• AvaSocial
• MetaTrader 4
• MetaTrader 5
• DupliTrade
• ZuluTrade
💰 Minimum DepositEquivalent to $100 – 11635,00 KES
✅ Tradable Assets• Forex
• Metals
• Crypto
• Energies
• Indices
• Stocks
💵 Trading AssetsEquivalent to $100 – 11635,00 KES
📉 Minimum spreadFrom 0.9 pips
✔️ Demo AccountYes
☪️ Islamic AccountYes

 

✔️ Pros❌ Cons
AvaTrade is an internationally recognised and award-winning broker that is regulated in multiple jurisdictions.The demo account is only available for a period of thirty days.
The broker enables customers to choose from a variety of trading strategies, providing Kenyan investors with flexibility.The spreads are not at their most competitive levels.
A demo account is available for both inexperienced and seasoned traders to use.On inactive accounts, administrative fees come in the form of inactivity fees, which must be paid.
AvaTrade provides Muslim traders with trading circumstances based on Islamic law.Retail traders have access to a relatively low ratio of leverage.
Both social trading and trading in cryptocurrencies are supported.
The services provided by AvaTrade will meet the needs of Kenyan merchants of all experience levels, to their complete satisfaction.
Different trading platforms accessible, accessed from a variety of devices.
Traders just starting out have access to a variety of learning resources that can help them expand their expertise and knowledge.

 

Trust score

🥇 The trust score for AvaTrade is 93%.

3. Exness

Overall Rating

Min Deposit

USD 10 / 1156 KES

Regulators

CBCS, CySEC, FCA, FSA, FSC, FSCA

Trading Desk

MetaTrader 4 and MetaTrader 5

Crypto

Yes

Total Pairs

107

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

 

Overview

👉 Overall, Exness is a low-risk CFD and Forex broker that is regulated and authorized in many jurisdictions. Exness not only has a variety of account kinds to choose from, but it also has some of the best trading conditions in the market.

 

👉 Exness traders have access to more than 200 financial products and a variety of retail account types. Even though it is not yet authorized by Kenya’s Capital Markets Authority (CMA), it is one of the most popular brokers.

 

👉 Leverage allows users to minimize margin requirements and control trading strategies more flexibly. Exness gives traders complete control over their funds by allowing them to withdraw cash quickly using electronic payment channels. The broker’s KES Account is great for Kenyan traders.

 

Unique Features

FeatureInformation
⚖️ RegulationFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA
📱 Social Media Platforms• Facebook
• Twitter
• Instagram
• LinkedIn
• YouTube
💻 Trading AccountsStandard Account, Standard Cent Account, Raw Spread Account, Zero Account, Pro Account
📊 Trading PlatformMetaTrader 4, MetaTrader 5, Exness Terminal, Exness Trader app
💰 Minimum Deposit1 USD (116 KES)
✅ Tradable AssetsForex, Metals, Crypto, Energies, Indices, Stocks
📉 Minimum spreadFrom 0.0 pips EUR/USD
✔️ Demo AccountYes
☪️ Islamic AccountYes

 

✔️ Pros❌ Cons
Exness is well-regulated and keeps all client funds in segregated accounts with top-tier institutionsExness offers a limited number of payment methods for deposits and withdrawals
Traders can choose between several retail investor accountsExness only offers a limited portfolio of financial instruments to traders
Exness offers an Islamic account conversion with no additional fees charged
Instant deposits and withdrawals are offered
Exness has customer support available 24 hours a day, 7 days a week

 

Trust Score

🥇 Exness has a high trust score of 97% and although it does not have a large market share in Kenya, many do make use of this reputable trader.

4. HF Markets

Overall Rating

Min Deposit

USD 5 / 578 KES

Regulators

CySEC, FSC, FSCA

Trading Desk

MetaTrader 4 and MetaTrader 5

Crypto

No

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

on HFM (Formerly Known as Hotforex)’s website

 

Overview

👉 Overall, HF Markets, previous known as Hot Forex, is well-regulated by several reputable entities and recently, HFM Investments Limited, a subsidiary of the brokerage company, has been given a license by the Capital Markets Authority (CMA) in Kenya.

 

👉 HF Markets offers to trade in MetaTrader4 and MetaTrader5. The retail investor accounts offered by the broker are appropriate for both beginner and experienced traders, seeking a competitive edge in their trading.

 

👉 Each retail trading account has its own set of features and trading conditions to suit traders of various trading styles, trading abilities, and investment objectives. HF Markets has won over 55 forex industry awards and has over 2.5 million active accounts in the last decade.

 

Unique Features

FeatureInformation
⚖️ RegulationFSCA, CySEC, DFSA, FSA, FCA, FSC, CMA
📱 Social Media Platforms• Facebook
• Twitter
• Telegram
• Instagram
• YouTube
• LinkedIn
💻 Trading AccountsMicro Account, Premium Account, HF copy Account, Zero Spread Account, Auto Account
📊 Trading PlatformMetaTrader 4 and MetaTrader 5
💰 Minimum Deposit5 USD or 580 KES
💵 Trading AssetsForex, Precious Metals, Energies, Indices, Shares, Commodities, Cryptocurrencies, Bonds, Stocks DMA, ETFs
✔️ Kenyan Shilling-based Account?No
💵 KES Deposits Allowed?Yes
💸 Bonuses for Kenyan traders?Yes
📉 Minimum spreadFrom 0.0 pips
✔️ Demo AccountYes
☪️ Islamic AccountYes

 

✔️ Pros❌ Cons
Tight, competitive spreads from 0.0 pips on EUR/USD are offeredHF Markets only offers a few deposit and withdrawal methods to Kenyans
Kenyan traders have access to MetaTrader 4 and 5 across desktops, mobile apps, and web-based platforms
A demo account is available for beginners who are learning to trade and professional traders who are testing strategies
Kenyan traders can register a trading account in either USD, ZAR, or NGN
Several asset classes can be traded through HF Markets

 

Trust Score and Kenyan Market Share

🥇 HF Markets has a trust score of 83% and although it does not dominate the market in Kenya, the broker is still part of the Top 20 forex and CFD brokers for Kenyan traders

5. Pepperstone

Overall Rating

Min Deposit

USD 10 / 1156 KES

Regulators

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

Trading Desk

MetaTrader 4, MetaTrader 5, cTrader and TradingView

Crypto

No

Total Pairs

60+

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

Trading margined products carries a high level of risk. Pepperstone Markets Kenya Limited, CMA Licence No. 128

Overview

👉 Pepperstone is widely regarded as one of the greatest online trading brokers in the market, with over 170 countries and $8.3 billion in daily deals.

 

👉 They provide traders all over the world with access to all markets with cutting-edge technology, low spreads, low latency, and high-speed execution, as well as award-winning customer service.

 

👉 Over the years, the broker has received numerous awards, including those for forex broker quality, customer service, cutting-edge technology, and providing the best possible trading conditions for customers.

 

Unique Features

FeatureInformation
⚖️ RegulationASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB
📱 Social Media Platforms• Facebook
• Twitter
• Instagram
• LinkedIn
• YouTube
💻 Trading AccountsStandard account, Razor Account, Professional Account
📊 Trading PlatformMetaTrader 4, MetaTrader 5, cTrader, TradingView, Myfxbook, DupliTrade
💰 Minimum Deposit150 USD
✅ Trading Assets• Forex
• Cryptocurrencies
• Shares
• ETFs
• Indices
• Commodities
• Currency Indices
✔️ Kenyan Naira-Based AccountNo
💳 Bonuses for Kenyan traders?No
📉 Minimum spreadfrom 0.0 pips
✔️ Demo AccountYes
☪️ Islamic AccountYes

 

✔️ Pros❌ Cons
Pepperstone caters for traders of all trading experience or styleLeverage restrictions apply
Pepperstone is a multi-regulated and multi-award-winning brokerAdditional fees applied to the Islamic account
Pepperstone ensures client fund security by keeping it in segregated accounts
Pepperstone accepts Kenyan traders and provides enough educational material for beginners
Demo account and Islamic account offered
Several funding options offered
No deposit fees and withdrawal fees charged

 

Trust Score and Kenyan Market Share

🥇 Pepperstone has a trust score of 93% but does not have a high market share.

6. IC Markets

Overall Rating

Min Deposit

USD 200 / 23120 KES

Regulators

ASIC 

Trading Desk

Metatrader 4

Crypto

Yes

Total Pairs

65

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

 

Overview

👉 IC Markets is a low-risk broker and one of the industry’s only real ECN brokers. Kenyans can trade a wide range of financial markets utilizing strong trading platforms at competitive trading rates.

 

👉 IC Markets is a respectable financial organization that is tightly regulated by various regulatory bodies, but the Capital Markets Authority has yet to regulate it (CMA).

 

👉 IC Markets offers a wide range of trading options, with spreads starting at 0.0 pips on the most popular platforms and deep liquidity from a diverse pool of liquidity providers, ensuring quick transaction execution at the best possible price.

 

Unique Features

FeatureInformation
⚖️ RegulationASIC, CySEC, FSA, SCB
📱 Social Media Platforms• Instagram
• Facebook
• Twitter
• LinkedIn
💻 Trading Accounts• cTrader Account
• Raw Spread Account
• Standard Account
📊 Trading Platform• MetaTrader4
• MetaTrader5
• cTrader
💰 Minimum Deposit23,000 KES or equivalent to $200
✅ Trading Assets• Forex
• Commodities
• Indices
• Bonds
• Cryptocurrencies
• Stocks
• Futures
💵 Kenyan shilling Deposits Allowed?No
✔️ KES Deposits Allowed?No
📉 Minimum spread0.7 pips EUR/USD
✔️ Demo AccountYes
☪️ Islamic AccountYes

 

✔️ Pros❌ Cons
IC Markets is a multi-regulated broker with a high trust scoreThe initial minimum deposit is higher than that of competitors
IC Markets offers a choice between three powerful trading platformsA conversion fee may apply for Kenyan traders who fund their account in KES
Kenyan traders can expect institutional-grade liquidityKenyan traders cannot use KES as the base account currency for a trading account
IC Markets is one of few brokers that have a true ECN modelIC Markets does not offer any proprietary trading platforms
Hedging, scalping, and several other trading strategies are allowed
Traders have access to a FIX API connection when they use cTrader
There are low trading and non-trading fees, with the benefit of a demo and Islamic account
IC Markets is transparent about its fee schedule, which further instils trust

 

Trust Score and Kenyan Market Share

🥇 IC Markets has a trust score of 85% and has a decent market share in Kenya.

7. eToro

Overall Rating

Min Deposit

USD 50 / 5780 KES

Regulators

CySec, FCA 

Trading Desk

None

Crypto

Yes

Total Pairs

47

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

* Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.

 

Overview

👉 Overall, eToro is considered low-risk, and the broker’s major goal is to make financial markets available to everyone, anywhere. eToro offers a single trading account with the option of a Retail or Professional setting.

 

👉 eToro believes trading and investing should be as straightforward and transparent as possible, decreasing the need for reliance on conventional financial institutions. These people have a wide range of innovative trading and investing instruments at their disposal.

 

Unique Features

FeatureInformation
⚖️ RegulationCySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, SIPC.
📱 Social Media Platforms• Instagram
• Facebook
• Twitter
• YouTube
• LinkedIn
💻 Trading AccountsOne Standard Live Trading Account with the option for Retail and Professional
📊 Trading PlatformeToro proprietary platform
💰 Minimum Deposit23,000 KES or equivalent to $200
✅ Trading Assets• Forex Pairs
• Commodities
• Exchange-traded funds (ETFs)
• Indices
• Crypto Assets
Stocks
💵 Kenyan shilling Deposits Allowed?No, only USD, GBP, EUR, and AUD
✔️ KES Deposits Allowed?No
📉 Minimum spread0.0 pips
✔️ Demo AccountYes
☪️ Islamic AccountYes

 

✔️ Pros❌ Cons
eToro is a well-established platform that is well-regulated in several regionsForex and CFD trading is slightly more expensive than competitors
eToro is known for its unique, comprehensive, and robust social trading capabilitiesThere is a lack of research materials and tools
The broker has multiple Tier-1 regulations which make it a highly trusted, low-risk brokerAutomated trading strategies are not allowed
It offers Kenyans a user-friendly trading platform for web and mobile useThere is no KES-denominated account
There is a large range of markets offeredThere is only one retail account and one trading platform offered
There are VIP perks for eToro club members
eToro has a comprehensive and highly rewarding affiliate program
eToro offers commission-free trades

 

Trust Score and Kenyan Market Share

🥇 eToro has a high trust score of 93% and a market share of less than 5% in Kenya.

How to choose a CFD Trading Platform in Kenya

👉 Kenyan traders must evaluate the following components of a forex broker to decide whether the broker is suited to their unique trading objectives and/or needs.

 

Regulations and Licenses

👉 This is the first important component that traders must thoroughly evaluate. Reputable brokers are regulated by market regulators such as FCA, ASIC, CySEC, FSCA, and others. Kenyans must beware when dealing with brokers that only have offshore regulations such as FSA, SVG BVI, FSC, and others.

 

Account Features

👉 Account Features include leverage trading and margin requirement, commissions and spreads, initial deposit, additional features on retail investor accounts, and so on.

 

Deposits and Withdrawals

👉 Kenyans must evaluate the payment options available, the processing times on withdrawal requests, deposit currencies offered, the withdrawal fee, deposit fees, and minimum withdrawal limits among other trading and non-trading fees.

 

Range of Markets

👉 The range of markets offered refers to the number and range of tradable instruments that the broker offers. Kenyans must consider what they wish to trade and what is available.

 

Customer Support

👉 Customer Support is another crucial factor and Kenyans must check the availability of support (trading hours), the quality of support, and the promptness with which the customer support team responds to queries.

 

Trading Platform

👉 A trading platform is the Kenyan trader’s portal to the financial markets. Traders must ensure that the trading platform has the necessary technical indicators, fundamental analysis, technical analysis, economic calendar, charting, newsfeed, and other tools they may need.

 

Education and Research

👉 Education and Research come in handy to both novice traders and experienced investors. Education includes some of the following:

➡️ eBooks

➡️ Trading guides

➡️ Trading knowledge on leveraged products

➡️ A risk warning on complex instruments

➡️ Educational videos

 

👉 Research can include some of the following:

➡️ Trading tools

➡️ Commentary

➡️ Status of International Markets

➡️ Price movements

➡️ Market sentiments

➡️ Whether there is a volatile market

➡️ Exchange Rates

➡️ Expert opinions and several other resources can help experienced traders make informed trading decisions.

The Best CFD Trading Platforms in Kenya

👉 In this article, we have listed the best Forex brokers which classify as CFD Trading Platforms operating in Kenya. We have further identified the forex brokers that offer additional services and solutions to Kenyan traders.

 

Best CFD Trading Platform for MetaTrader4 / MT4 in Kenya

Best CFD Trading Platform for MetaTrader4 / MT4

👉 Overall, Alpari is the best MT4 Forex broker in Kenya. Alpari is a low-risk broker that may be summarized as a dependable and trustworthy market maker. Trading rates of a few milliseconds are guaranteed by Alpari. Over 2 million people have signed up with Alpari.

 

Best CFD Trading Platform for MetaTrader5 / MT5 in Kenya

Best CFD Trading Platform for MetaTrader5 / MT5

👉 Overall, AvaTrade is the best CFD Trading Platform for MT5 in Kenya. AvaTrade is one of the most reputable CFD and FX brokers in the world because of its stringent regulation and authorization, with Kenyan customer money maintained in segregated accounts with top-tier banks in each country.

 

Best CFD Trading Platforms for BEGINNERS in Kenya

Best CFD Trading Platforms for BEGINNERS

👉 Overall, eToro is one of the best CFD Trading Platforms for beginners to utilize in Kenia. eToro offers various educational materials such as a demo account, new fees, analysis, eToro Academy, and eToro Plus.

 

Best CFD Trading Platform for Minimum Deposits in Kenya 

Best CFD Trading Platform for Minimum Deposits

👉 Overall, OANDA is the best CFD Trading Platform with a minimum deposit requirement of 0 Kenyan shillings. The broker offers a comprehensive trading platform for both novice and experienced traders.

 

Best CFD Trading Platform for ECN in Kenya 

Best CFD Trading Platform for ECN

👉 Overall, XM is the best CFD Trading Platform for ECN in Kenya. Security, customer service, account financing, and minimal fees are some of the most important features that consumers look for in an online trading platform, and XM provides them all. XM operates in more than 196 countries, has a service team that speaks 30 languages, and the broker is one of the most trusted and well-regulated brokers.

 

Best CFD Trading Platform for Islamic / Swap-Free Forex Broker in Kenya

Best CFD Trading Platform for Islamic / Swap-Free Forex Broker

👉 Overall, Tickmill is the best CFD Trading Platform for Islamic / Swap-Free forex brokers in Kenya. Tickmill is a trusted and easy-to-use broker for all Kenyan traders. This broker’s vast account selection, modest spreads, and rates make it excellent for many traders. Tickmill is governed by multiple countries and offers multilingual support.

 

Best CFD Trading Platform for Trading App in Kenya 

Best CFD Trading Platform for Trading App

👉 Overall, Exness offers the best trading app to start trading with. Kenyans will find that it is easy to get started with the Exness Trader platform since it includes all the necessities, such as candlesticks, indicators, and tools for computation.

 

Best CFD Trading Platform for KES Trading Account in Kenya

Best CFD Trading Platform for KES Trading Account

👉 Overall, SuperForex is the best CFD Trading Platform for a KES Trading account in Kenya. SuperForex is a reliable broker that meets clients’ trading demands. Hundreds of trading products and user-friendly platforms meet everyone’s needs.

 

Best CFD Trading Platform for Lowest Spread in Kenya

Best CFD Trading Platform for Lowest Spread

👉 Overall, Pepperstone is the best CFD Trading Platform for the lowest spread in Kenya. It offers spreads between 0.0 pips and 0.3 pips on USDEUR. Pepperstone Markets is one of the most prominent trading brokers with an established track record. Its market share continues to grow because of its low trading fees, quick transaction executions, and wide range of assets.

 

Best CFD TRADING Platform in Nasdaq 100 in Kenya

Best CFD TRADING Platform in Nasdaq 100

👉 Overall, IG is the best CFD Trading Platform in Nasdaq 100 in Kenya. The broker is one of the Top 20 brokers for Kenyan traders because of its unique trading solutions, comprehensive offering, and competitive trading conditions. IG is a multi-regulated and multi-asset online broker with one of the highest trust scores in Kenya.

 

Best CFD Trading Platform in Volatility 75 / VIX 75 in Kenya

Best CFD Trading Platform in Volatility 75 / VIX 75

👉 Overall, IC Markets is the best CFD Trading Platform in Volatility 75 / VIX 75 forex broker in Kenya. IC Markets is a multi-regulated broker with a high trust score. Kenyan merchants can trade on any financial exchange using IC Markets’ complex products.

 

Best CFD Trading Platform in NDD in Kenya

Best CFD Trading Platform in NDD

👉 Overall, BDSwiss is the best CFD Trading Platform for NDD forex brokers in Kenya. It has the best active presence on social media platforms. BDSwiss is a CFD and forex broker and a worldwide supplier with more than 16,000 affiliate accounts and presently trades more than €20 billion in FX each month.

 

Best CFD Trading Platform in STP in Kenya

Best CFD Trading Platform in STP

👉 Overall, OctaFX is the best CFD Trading Platform in STP in Kenya. The broker has been honored with over 28 accolades to date. It is OctaFX’s goal to keep trading costs low, executing 97.5% of orders slip-free using STP (Straight Through Processing) and ECN models.

 

Best CFD Trading Platform in Sign Up Bonus in Kenya

Best CFD Trading Platform in Sign Up Bonus

👉 Overall, HF Markets which has been previously known as Hotforex is the best CFD Trading Platform in Kenya. HF Market’s low price and excellent trading platform are exceptional. New and seasoned forex traders will benefit from the platform’s diversity of accounts and asset classes, as well as its in-depth information and analytical services.

Understanding how the CFD Trading Platforms works

👉 CFD trading means ‘contract for difference’ and allows you to speculate on financial markets like shares, currencies, indices, and commodities without owning the underlying assets.

 

👉 When you trade a CFD, you agree to exchange the difference between an asset’s opening and closing prices. You can speculate on price fluctuations in either direction, with your profit or loss depending on how accurate your estimate is.

 

👉 CFD trading allows price speculation in either direction. You can emulate a typical trade that profits when a market rises or open a CFD position that profits when a market falls. This is called selling or “going short”

 

👉 If you predict Apple shares will fall, you could sell a CFD. You’ll still trade the price difference between when you open and finish your position, but you’ll earn a profit if the shares decrease and a loss if they rise.

Advantages of CFD Trading Platforms

👉 Advantages of CFD Trading Platforms include:

➡️ CFDs include access to the underlying asset at a lower cost than buying the asset outright, ease of execution, and the ability to go long or short.

➡️ Traders are able to invest in a wide range of financial markets through an online trading platform.

➡️ There is no stamp duty to pay.

Disadvantages of CFD Trading Platforms

👉 There could also be some drawbacks to trading with CFD Trading Platforms:

➡️ A disadvantage of CFDs is the immediate decrease of the investor’s initial position, which is reduced by the size of the spread upon entering the CFD.

➡️ Because CFDs are traded using leverage, traders are at risk of losing all their funds.

Conclusion

👉 Overall, trading through a CFD Trading Platform can give high rewards to Kenyan traders when proper research is done on a CFD Trading Platform. To trade with a CFD Trading Platform, traders should have a good trading plan and risk management strategy in place.

FAQ

How does CFD work in trading?

CFDs allow traders to speculate on future market movements of an underlying asset without owning or taking physical delivery. CFDs are accessible for stocks, commodities, and currency.

 

Is CFD good for trading?

Day traders can utilize CFDs to trade more expensive assets using leverage. Low industry regulation, lack of liquidity, and leveraged losses make CFDs dangerous.

 

Is CFD good for beginners?

Leverage makes CFDs appealing for novices. You invest a fraction of an asset’s cost and a broker lends you the rest. You can take a substantial stake while simply paying for half of it.

 

How much money do you need to start CFD trading?

The sole criterion to trade CFDs is to deposit at least $100 with your broker. Some CFD brokers allow deposits of less than $100 days.

 

Is CFD better than stocks?

CFDs are popular for day trading and short-term trading due to their liquidity, leverage, and overnight holding charges. Stock trading is preferable for long-term investing due to the one-time commission.

Addendum/Disclosure:

👉 No matter how diligently we strive to maintain accuracy, all financial markets feature a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.

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