Top 8 Locally Based Brokers
7 Best cTrader Forex Brokers in Kenya
The 7 Best cTrader Forex Brokers for Kenyans revealed. We tested the best cTrader forex brokers for Kenyan Traders.
This is a complete guide to cTrader brokers in Kenya.
In this in-depth guide you’ll learn:
- What is a cTrader Forex Broker?
- Which cTrader Forex Brokers are best for Kenyan traders?
- Which cTrader forex brokers offer mobile apps for IOS and Android devices in Kenya?
- How to compare the best cTrader forex brokers against each other.
- Which cTrader forex brokers are best for beginner Kenayn Traders?
- Which brokers offer a sign-up bonus for first-time traders in Kenya?
- Which brokers offer a low minimum deposit of $5 (583 KES) to start trading?
- Which cTrader forex brokers offer low leverage to Kenyan traders?
And lots more…
So if you’re ready to go “all in” with the best-tested cTrader Forex Brokers…
Let’s dive right in…
- Louis Schoeman
Best cTrader Forex Brokers in Kenya
| 🥇 Broker | ✔️ cTrader Forex Broker? | 💰 Minimum Deposit | 💸 Bonuses for Kenyan traders? | 👉 Open Account |
| 1. HF Markets | Yes | 5 USD (580 KES) | Yes | 👉 Open Account |
| 2. Pepperstone | Yes | 150 USD (17 490 KES) | No | 👉 Open Account |
| 3. BD Swiss | Yes | $100 (11635,00 KES) | No | 👉 Open Account |
| 4. FP Markets | Yes | 80 USD (8700 KES) | No | 👉 Open Account |
| 5. XM | Yes | 5 USD (580 KES) | Yes | 👉 Open Account |
| 6. AvaTrade | Yes | 100 USD (11635,00 KES) | No | 👉 Open Account |
| 7. OANDA | Yes | None | Yes | 👉 Open Account |
7 Best cTrader Forex Brokers in Kenya (Updated 2023)
- HF Markets – Overall, Best cTrader Forex Broker in Kenya
- Pepperstone – Top ECN Forex Broker in Kenya
- BD Swiss – Best Lowest Spread Forex Broker
- FP Markets – Verified NDD cTrader Forex Broker
- XM – Award-Winning Nasdaq100 Forex Broker
- AvaTrade – Best cTrader Volatility75 Forex Broker
- Oanda – Top cTrader Sign-Up Bonus in Kenya
What are cTrader brokers?
👉 CTrader brokers provide a complete multi-asset third-party trading platform packed with a full range of features for Forex and CFD trading. cTrader has a stunning user interface and provides advanced order types and level II pricing with fast entry and execution.
Best CTrader brokers in Kenya
👉 cTrader brokers have numerous advantages for traders in Kenya and we have listed the best of these below.
1. HF Markets
Overall Rating
- 4.8/5
Total Pairs
50+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overview
👉 HF Markets is a foreign exchange broker that provides clients with a sophisticated trading platform, a selection of pricing alternatives and account types, as well as competitive fees and spreads that average 0.1 for the EUR/USD currency pair. HF Markets was formerly known as HotForex.
👉 Traders of any size or level of skill are able to benefit from infinite liquidity and have their pick from a diverse selection of spreads and liquidity providers. HF Markets provides its customers with a complete set of research tools that are suitable for the execution of any trading strategy.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA |
| 📱 Social Media Platforms | • Facebook • Telegram • YouTube |
| 💻 Trading Accounts | Micro Account, Premium Account, HF copy Account, Zero Spread Account, Auto Account |
| 📊 Trading Platform | MetaTrader 4 and MetaTrader 5 |
| 💰 Minimum Deposit | 5 USD or 580 KES |
| 💵 Trading Assets | Forex, 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 spread | From 0.0 pips |
| ✔️ Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✔️ Pros | ❌ Cons |
| Tight, competitive spreads from 0.0 pips on EUR/USD are offered | HF 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
🥇 HotForex has a trust score of 83% and a Kenyan market share of 2.5%.
2. Pepperstone
Overall Rating
- 4.1/5
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 known for its great customer service and wide range of platforms from third parties, like cTrader. The research offerings are better than the norm in the industry, but the small number of items that can be traded is a small downside.
👉 Pepperstone Markets was started in 2010 and is a well-known CFD and forex broker based in Kenya. The Pepperstone group, on the other hand, is based in Australia. Pepperstone Markets is a broker with offices all over the world, including one in Nairobi, Kenya. They follow strict rules and have offices in many places. In Kenya, Pepperstone Markets Kenya Limited has been given permission to do business by the Capital Markets Authority (CMA).
👉 Pepperstone Markets can handle multiple order fills, which lets them put larger orders into a liquidity aggregator on more than one level. Client orders are filled based on “market execution,” which means that there are no requotes, slippage can go up or down, and brokers do not get in the way.
Unique Features
| Feature | Information |
| ⚖️ Regulation | ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB |
| 📱 Social Media Platforms | • Facebook • YouTube |
| 💻 Trading Accounts | Standard account, Razor Account, Professional Account |
| 📊 Trading Platform | MetaTrader 4, MetaTrader 5, cTrader, TradingView, Myfxbook, DupliTrade |
| 💰 Minimum Deposit | 150 USD |
| ✅ Trading Assets | • Forex • Cryptocurrencies • Shares • ETFs • Indices • Commodities • Currency Indices |
| ✔️ Kenyan Naira-Based Account | No |
| 💳 Bonuses for Kenyan traders? | No |
| 📉 Minimum spread | from 0.0 pips |
| ✔️ Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✔️ Pros | ❌ Cons |
| Pepperstone caters for traders of all trading experience or style | Leverage restrictions apply |
| Pepperstone is a multi-regulated and multi-award-winning broker | Additional 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 very high trust score of 92% and a market share of <5% in Kenya.
3. BD Swiss
Overall Rating
- 4.7/5
Min Deposit
USD 100 / 11660 KES
Regulators
CySec, FSC, FSA, BaFin, NFA
Trading Desk
MetaTrader 4 , MetaTrader 5
Crypto
Yes
Total Pairs
50 Forex Pairs and 20 Crypto Pairs
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overview
👉 BDSwiss is considered to be a low-risk company, with four types of retail trading accounts including a Classic Account, Premium Account, VIP Account, and a RAW Trading Account.
👉 BDSwiss provides MetaTrader 5, BDSwiss Mobile, BDSwiss Web and cTrader as platforms.
👉 Since its inception in 2012, BDSwiss has established itself as a reputable and well-regulated broker with a large international clientele. There is a wide range of goods available for trading, including forex, commodities, stocks, indices, and many cryptocurrencies, which is far more than what is offered by most other brokers.
Unique Features
| Feature | Information |
| ⚖️ Regulation | CySEC, FSC, BaFIN, FSA |
| 📱 Social Media Platforms | • Facebook • YouTube • Blog • Telegram |
| 💻 Trading Accounts | • Classic Account • Premium Account • VIP Account • RAW Account |
| 📊 Trading Platform | • MetaTrader 4 • MetaTrader 5 • BDSwiss Mobile • BDSwiss Web • cTrader |
| 💰 Minimum Deposit | $100 |
| ✅ Trading Assets | • Forex • Commodities • Shares • Indices • Cryptocurrencies |
| ✔️ Kenyan Shilling-based Account? | No |
| 💰 KES Deposits Allowed? | No, only USD, GBP, EUR |
| 📉 Minimum spread | From 0.3 pips |
| ✔️ Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✔️ Pros | ❌ Cons |
| BDSwiss is well-regulated and offers services to countries worldwide | There are withdrawal fees charged |
| BDSwiss provides CTrader as multi-asset third-party trading platform for Forex and CFD trading. | The BDSwiss trading platform is not offered as a desktop application |
| Traders can choose from over 250 financial instruments that can be traded using powerful trading platforms | |
| BDSwiss offers MetaTrader and its own proprietary trading platforms on Web and Mobile devices | |
| BDSwiss has won several awards since its inception, proving that it is a reputable and reliable trading provider | |
| Demo accounts and Islamic accounts are offered | |
| BDSwiss caters for both beginner and professional traders |
Trust Score
🥇 Trust Score of BDSwiss is 83 out of 100.
4. FP Markets
Overall Rating
- 4.8/5
Min Deposit
USD 100 / 11560 KES
Regulators
ASIC, CySEC, FSCA
Trading Desk
MetaTrader 4, MetaTrader 5
Crypto
Yes
Total Pairs
63
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overview
👉 In terms of low-cost Forex and CFD trading, FP Markets excels as a MetaTrader platform-based broker. There are more than 8,000 products that are available for trading on the trading platform suite and with MetaTrader, FP Markets is one of the most cost-effective brokers accessible to traders throughout the world.
👉 FP Markets provides a variety of value-added services, including VPS hosting for automated trading solutions, copy trading through the MT4 Myfxbook service, and retail account management using the MT4 MAM/PAMM module.
👉 FP Markets is not regulated by the Capital Markets Authority (CMA) in Kenya, but is well-regulated by the ASIC and CySEC, allowing the broker to provide cross-border services around the globe.
Unique Features
| Feature | Information |
| ⚖️ Regulation | ASIC, CySEC |
| 📱 Social Media Platforms | • Instagram • YouTube |
| 💻 Trading Accounts | Retail Account, Professional Account |
| 📊 Trading Platform | MT4/5 Standard Account, MT4/5 Raw Account, MT4/5 Islamic Standard Account, MT4/5 Islamic Raw Account |
| 💰 Minimum Deposit | 8700 KES or 80 USD |
| ✅ Trading Assets | • Forex • Shares • Metals • Commodities • Indices • Cryptocurrencies • Bonds |
| ✔️ Kenyan Shilling-Based Account | No |
| 💵 KES Deposits Allowed? | No |
| 💳 Bonuses for Kenyan traders? | No |
| 📉 Minimum spread | 0.1 pips |
| ✔️ Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✔️ Pros | ❌ Cons |
| FP Markets is a well-regulated broker | Administration fees charged on the Islamic Account |
| A dedicated Islamic account option are offered to Muslim traders | No fixed spread accounts offered |
| A wide range of markets can be traded across asset classes | Withdrawal fees charged |
| Powerful trading platforms for several devices are provided | |
| Kenyan traders receive an ECN pricing model with raw and tight spreads | |
| Fast trade execution through Equinix servers is guaranteed | |
| Copy-trading and automatic trading is offered | |
| Commission-free trading is possible | |
| No inactivity fees charged on dormant accounts |
Trust Score and Kenyan Market Share
🥇 FP Markets has a high trust score of 81% and a market share of <5% in Kenya.
5. XM
Overall Rating
- 4.5/5
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
👉 XM was founded in 2009 and has been in operation for more than 12 years. It operates in over 196 countries, has a service team that speaks 30 languages, and is one of the most trusted and well-regulated brokers.
👉 According to our research, XM is a medium-risk broker with an 84 percent trust score and an overall rating of 9/10 as a CFD and Forex broker for Kenyan traders. Some of the most important features that consumers look for in an online trading platform are security, customer service, account financing, and low fees, which XM provides in spades.
👉 XM is an excellent choice for beginning a trading career or advancing in an existing one.
👉 Despite the fact that the broker’s main branch is based in Belize and is licensed by the IFSC, the broker has offices around the world that can service clients’ needs, with relevant regulation and authority in these regions.
👉 This beneficial mix makes XM an excellent venue to begin a trading profession or to advance one’s existing trading career.
👉 A high level of reliability is provided by XM, a trading platform that eliminates the uncertainty associated with order execution while maintaining a high level of compatibility with MetaTrader 4 and 5 and cTrader.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSCA, IFSC, ASIC, CySEC, DFSA |
| 📱 Social Media Platforms | • Facebook • YouTube |
| 💻 Trading Accounts | Micro Account, Standard Account, XM Ultra-Low Account, Shares Account |
| 📊 Trading Platform | MetaTrader 4, MetaTrader 5, XM Mobile App |
| 💰 Minimum Deposit | 5 USD |
| ✅ Trading Assets | Forex, Cryptocurrencies, Stock CFDs, Commodities, Equity Indices, Precious Metals, Energies, Shares |
| ✔️ Kenyan Naira-Based Account | No |
| 💳 Bonuses for Kenyan traders? | Yes |
| 📉 Minimum spread | from 0.0 pips |
| ✔️ Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✔️ Pros | ❌ Cons |
| XM is a low-cost forex broker with a high trust score | No fixed spreads offered on accounts |
| XM has more than 5 million active clients from around the world | Inactivity 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.
6. AvaTrade
Overall Rating
- 4.9/5
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 was started in 2006 as a global broker for CFDs and FX. The company’s administrative headquarters are in Dublin, but it also has sales centres in Paris, Milan, Sydney, Tokyo, Madrid, Mongolia, Beijing, Kenya, Santiago, and Johannesburg.
👉 AvaTrade is regulated by financial watchdogs in Europe, the British Virgin Islands, Australia, Japan, and South Africa. To meet their own standards, the company’s AvaTradeGO app can be used anytime, anywhere, and has an easy-to-use interface and new tools for traders to use.
👉 AvaTrade’s focus on the customer and strong financial backing make it a unique service in the dangerous world of online trading. The company’s wide range of platforms and services, as well as its 24-hour, multilingual support desks, make it possible for every level of trader to work in the best way possible. AvaTrade has a wide range of trading options, including Forex, stocks, commodities, indices, and more.
👉 Even though the Capital Markets Authority (CMA) in Kenya has not licensed or regulated AvaTrade and the broker does not have a local office in Nairobi, AvaTrade is a trusted and highly recommended broker for Kenyan traders who want to trade on the global financial markets.
Unique features
| Feature | Information |
| ⚖️ Regulation | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC |
| 📱 Social Media Platforms | • Twitter • YouTube |
| 💻 Trading Accounts | Standard and Options accounts |
| 📊 Trading Platform | • AvaTradeGO • AvaOptions • AvaSocial • MetaTrader 4 • MetaTrader 5 • DupliTrade • ZuluTrade |
| 💰 Minimum Deposit | Equivalent to $100 – 11635,00 KES |
| ✅ Tradable Assets | • Forex • Metals • Crypto • Energies • Indices • Stocks |
| 💵 Trading Assets | Equivalent to $100 – 11635,00 KES |
| 📉 Minimum spread | From 0.9 pips |
| ✔️ Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✔️ 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%.
7. Oanda
Overall Rating
- 4.9/5
Min Deposit
USD 0 / 0 KES
Regulators
ASIC, BVI, CFTC, FCA, FFAJ, FSC, IIROC, MAS, NFA
Trading Desk
Metatrader 4 and Metatrader 5
Crypto
Yes
Total Pairs
45
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overview
👉 Oanda provides its customers with access to a wide range of financial products, but it is particularly effective as a desktop trading platform for seasoned investors looking for a better trading experience.
👉 The product’s availability varies depending on the region. The broker has many strengths, including quick and reliable transaction execution, industry-standard research resources, user interfaces that are simple to use, and a track record of regulatory oversight.
Unique Features
| Feature | Information |
| ⚖️ Regulation | IIROC, ASIC, CFTC, NFA, FCA, FFAJ, MAS, MFSA |
| 📱 Social Media Platforms | • Facebook • YouTube |
| 💻 Trading Accounts | Standard Account, Core Account, Swap-Free Account |
| 📊 Trading Platform | MetaTrader 4, OANDA Platform, TradingView |
| 💰 Minimum Deposit | 1 USD (116 KES) |
| ✅ Trading Assets | Index CFDs, Forex, Metals, Commodity CFDs, Bonds CFDs, Precious Metals, Real-time Rates |
| ✔️ Kenyan Shilling-based Account? | No |
| 💵 KES Deposits Allowed? | Yes |
| ✔️ Kenyan Naira-Based Account | No |
| 💳 Bonuses for Kenyan traders? | Yes |
| 📉 Minimum spread | 0.1 pips |
| ✔️ Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✔️ Pros | ❌ Cons |
| Oanda has an award-winning proprietary trading platform | There is an inactivity fee on dormant accounts |
| Negative balance protection is automatically applied to the retail accounts | No fixed spreads are offered on accounts. |
| The broker offers a dedicated account for Muslim traders | |
| No deposit fees are charged when accounts are funded | |
| There is a large selection of educational materials |
Trust Score and Kenyan Market Share
🥇 OANDA has a trust score of 91% and a market share of <5%.
How to choose cTrader brokers 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 cTrader Forex Brokers in Kenya
👉 In this article we have listed the best Forex brokers which offer cTrader brokers to traders in Kenya. We have further identified the forex brokers that offer additional services and solutions to Kenyan traders.
Best cTrader MetaTrader 4 / MT4 Forex Broker in Kenya
👉 Overall, Exness is the best cTrader MT4 forex broker in Kenya. Exness provides dynamic and adaptable account types and some of the most advantageous trading conditions in the industry. Exness gives access to over 200 financial products, a variety of retail account types, and a wealth of resources.
Best cTrader MetaTrader 5 / MT5 Forex Broker in Kenya
👉 Overall, Axiory is the best cTrader MT5 forex broker in Kenya. Trades with Axiory are executed in less than 200 milliseconds, and Kenyan traders are provided with the best trading software that is linked to Equinix data centers. Forex and CFD trading can be done with Axiory’s cTrader, MetaTrader, and the FIX API.
Best cTrader Forex Broker for beginners in Kenya
👉 Overall, Tickmill is the best cTrader forex broker for beginners in Kenya. Tickmill’s VIP and Pro accounts also provide highly attractive commission-based pricing. In addition to low spreads, huge leverage, and fast execution speeds, Tickmill offers a wide range of CFD currency, stock, commodity, and index CFDs.
Best cTrader Minimum Deposit Forex Broker in Kenya
👉 Overall, HF Markets is the best cTrader minimum deposit forex broker in Kenya. HF Markets, formerly known as HotForex, also is a low-risk CFD and forex broker that offers fair trading conditions, retail investor accounts, client fund security, and customer support.
Best cTrader ECN Forex Broker in Kenya
👉 Overall, Pepperstone is the best cTrader ECN forex broker in Kenya. Pepperstone is also known for exceptional client service, research offerings, and an extensive selection of platforms.
Best cTrader Islamic / Swap-Free Forex Broker in Kenya
👉 Overall, CM Trading is the best cTrader Islamic/swap-free forex broker in Kenya. CM Trading is also a trading services broker that accepts Kenyan traders even though the Capital Markets Authority (CMA) does not regulate the broker.
Best cTrader Forex Trading App in Kenya
👉 Overall, Trade Nation is the best cTrader forex trading app broker in Kenya. Trade Nation is also a platform with minimal risk and an effective trading app. Trade Nation further has competitive costs, a secure trading environment, and cutting-edge solutions.
Best cTrader Lowest Spread Forex Broker in Kenya
👉 Overall, FBS is the best cTrader lowest spread forex broker in Kenya. FBS is also a top forex and CFD broker for Kenyans that provides a wide range of trading accounts as well as an innovative and powerful proprietary trading app. FBS charges low, competitive fees, and traders can be confident that their clients’ funds are secure.
Best cTrader Nasdaq 100 Forex Broker in Kenya
👉 Overall, XM is the best cTrader Nasdaq 100 forex broker in Kenya. XM also offers tight security, excellent customer service, account financing, and low fees.
Best cTrader Volatility 75 / VIX 75 Forex Broker in Kenya
👉 Overall, AvaTrade is the best cTrader Volatility 75 / VIX 75 forex broker in Kenya. AvaTrade is worldwide regulated by financial watchdog authorities and is lauded as CFD and FX broker. It offers an optimal trading environment for every level of a trader with 24-hour multilingual support desks.
Best NDD cTrader Forex Broker in Kenya
👉 Overall, FP Markets is the best cTrader NDD forex broker in Kenya. FP Markets also offers over 10,000 products in stocks, indices, forex, commodities, and cryptocurrencies, as well as a user-friendly mobile app and several account types.
Best cTrader STP Forex Broker in Kenya
👉 Overall, OctaFX is the best cTrader STP forex broker in Kenya. OctaFX is also a dependable broker because of its low required minimum deposit, commission-free trading and the availability of an unlimited practice account.
Best cTrader sign up bonus Broker in Kenya
👉 Overall, Oanda is the best cTrader sign-up bonus broker in Kenya. Oanda also offers competitive trading conditions, an award-winning proprietary platform, and high-quality trading solutions. On OANDA’s platform, both professionals and novices can access a wide range of indicators and charting tools.
Understanding how cTrader brokers work
👉 cTrader is a Forex trading platform with both web-based software and native mobile apps for both Android and iOS devices.
👉 The platform works with 16 different languages, including English, German, French, Italian, Russian, and many more. The proxy connection lets you connect quickly and easily from almost anywhere, and you can get great customer service at any time, which makes the platform much more useful.
👉 Scalpers like cTrader because trading can be done with just one click and positions can be opened quickly at the best price.
👉 cTrader is easy to understand and use with advanced trading features like fast entry and execution and customizable coding. It is connected to the most advanced back-end technology and can be used on a number of different devices.
👉 Both new and experienced traders can use cTrader. Traders can use advanced order types and get a better idea of what they are doing when they place orders.
Advantages of cTrader brokers
👉 cTrader brokers have several advantages. These advantages include:
➡️ cTrader enables people to use a user-friendly interface and a system that is simple to manage.
➡️ cTrader allows users to access crucial trading elements such as indicators, chart kinds, timeframes, EAs, and so on.
➡️ cTrader offers a high degree of security and dependability.
➡️ cTrader can show the full depth of market, with liquidity providers’ executable prices.
➡️ cTrader provide analysis and charting tools as well as customizable favourite currency pairs to trade, charts and indicators.
➡️ Different orders can be processed simultaneously which allows you to trade with no queue.
➡️ Traders can drag and drop any orders directly from charts they are following, and they can create custom indicators and robots to automatize their trading.
Disadvantages of CTrader brokers
👉 cTrader brokers also have some drawbacks of which traders in Kenya should take note in order to mitigate their risk of losses:
➡️ cTrader is extremely complicated, with nearly every feature serving a distinct purpose.
Conclusion
👉 Overall, cTrader is a platform that provides its users with a variety of handy tools and instruments to trade more effective. One of its most significant advantages is that it allows people to use a user-friendly interface and a simple-to-manage system. This trading software provides users with access to crucial trading aspects like indicators from chart types to timeframes and EAs.
FAQ
What is a cTrader platform?
cTrader is a third-party trading platform packed with a full range of features for Forex and CFD trading. cTrader has a stunning user interface and provides advanced order types and level II pricing with fast entry and execution.
What can cTrader be used for?
cTrader is an easy-to-use trading platform with advanced trading capabilities to trade CFDs and Forex. cTrader can be used by both new and advanced traders.
Is cTrader reliable?
Since cTrader is designed to be used with ECN brokers, execution is usually fair and genuine. It is a reliable solution with a clear fee structure, clear information about strategies and their history, and a copying system that makes trading better.
Is cTrader better than MT4?
While both platforms have advantages and disadvantages, overall cTrader offers superior software technology and more sophisticated trading tools than the standard MT4 platform.
Can cTrader be used for copy trading?
cTrader Copy is a fully integrated part of cTrader and a flexible investment platform that lets traders copy trading strategies and share their own strategies for other to copy.
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.
