Easily Trade – Apple, Microsoft , Tesla and Google Stocks – Open a FREE Account Here

7 Best FCA-Regulated Brokers in Kenya

The 7 Best FCA Regulated Brokers for Kenyans revealed. We tested the best FCA Regulated Brokers for Kenyan Traders.

This is a complete guide to the United Kingdom FCA Brokers in Kenya.

In this in-depth guide you’ll learn:

  • What is the Financial Conduct Authority (FCA)?
  • Which trading platforms can you use with M-PESA?
  • How to check which forex brokers are FCA-Regulated?
  • How to compare the best trading platforms against each other. 
  • Which 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 brokers offer a mobile app on IOS and Android that accepts M-PESA for Kenyan Traders? 


And lots more…

So if you’re ready to go “all in” with the best-tested UK FCA-Regulated Brokers…

Let’s dive right in…

Updated : August 31, 2022

Best FCA-Regulated Brokers in Kenya

🥇 Broker✔️ FCA Regulated Broker?💰 Minimum Deposit?💸 Kenyan Shilling (KES) Deposits Allowed?👉 Open Account
1. ExnessYes$1 (116 KES)Yes👉 Open Account
2. HF MarketsYes$5 (580 KES)Yes👉 Open Account
3. XMYes$5 (580 KES)No👉 Open Account
4. TickmillYes$100 (11 635 KES)No👉 Open Account
5. PepperstoneYes$150 (17 546 KES)Yes👉 Open Account
6. AxioryYes$10 (1 167 KES)No👉 Open Account
7. Trade NationYes$10 (1 167 KES)No👉 Open Account

7 Best FCA-Regulated Brokers in Kenya (Updated 2022)

  1. Exness – Overall, Best FCA Regulated Broker in Kenya
  2. HF Markets – Top Minimum Deposit Broker
  3. XM – Verified FCA Regulated Nasdaq100 Brokers in Kenya
  4. Tickmill – User-Friendly Forex Broker for Beginner Traders
  5. Pepperstone – Best FCA Regulated ECN Broker
  6. Axiory – Best MetaTrader 5 / MT5 Broker in Kenya
  7. Trade Nation – Top Trading App for Kenyan Traders

What are FCA-regulated forex brokers?

👉 FCA regulated forex brokers are safe to use because they are properly regulated by this reputable authority. The Financial Conduct Authority (FCA) regulates the financial services industry in the United Kingdom. It protects consumers while keeping the industry stable and promoting healthy competition between different financial service providers.

1. 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

👉 Exness is a low-risk CFD and Forex broker that is regulated by the Financial Conduct Authority (FCA) and several other authorities. Exness provides not just dynamic and adaptable account kinds, but also some of the most advantageous trading conditions in the industry.

 

👉 In 2014, Exness, which was created in 2008, had a monthly trading volume of more than $180 billion, and 15,000 new accounts were registered each month. Traders on Exness now have access to over 200 financial products, a variety of retail account types, and a wealth of resources.

 

👉 Despite the fact that it is not yet authorized by the Capital Markets Authority (CMA) in Kenya, Exness is one of the most popular brokers.

 

👉 The Exness Group’s website has been translated into 18 languages, and customer assistance is available in 13 languages 24 hours a day, seven days a week.

 

👉 In addition, users have access to leverage, which can substantially lower margin requirements and permit more flexible management of trading strategies. A further advantage of Exness is that traders can withdraw cash instantaneously through a variety of electronic payment channels, granting them full control over their funds.

 

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 trust score of 97%.

2. 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

 

Overview

👉 HF Markets, formerly known as HotForex, is a low-risk CFD and forex broker for Kenyan traders, with an overall rating of 9/10 for trading conditions, retail investor accounts, client fund security, and customer support.

 

👉 HF Markets is well-regulated by several reputable entities like the Financial Conduct Authority (FCA), and the Capital Markets Authority (CMA) in Kenya recently granted a licence to HFM Investments Limited, a subsidiary of the brokerage company.

 

👉 HF Markets is a proud MetaTrader broker, providing trading platforms for MetaTrader 4 and MetaTrader 5. HF Markets’ retail investor accounts are appropriate for both novice and expert traders, as well as professional traders seeking a competitive edge in their trading.

 

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

 

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

🥇 HotForex has a trust score of 83% and a Kenyan market share of 2.5%.

3. 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

👉 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.

 

👉 Because of this winning combination, XM is an excellent choice for beginning a trading career or advancing in an existing one. 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.

 

👉 Despite the fact that the broker’s main branch is based in Belize and licensed by the IFSC, the broker has offices around the world and is also regulated by the Financial Conduct Authority (FCA).

 

👉 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.

 

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.

4. Tickmill

Overall Rating

Min Deposit

USD 100 / 11560 KES

Regulators

CySEC, FCA, FSA, FSCA, Labuan FSA

Trading Desk

Meta Trader 4

Crypto

Yes

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

 

Overview

👉 Tickmill is a low-risk option for Kenyan traders because of its 81% trust score. While the broker is not publicly traded, Tickmill is well-regulated by reputable entities such as Seychelles FSA, FCA, CySEC, Labuan FSA, and FSCA.

 

👉 Despite its lack of regulation through the Capital Markets Authority (CMA) in Kenya, traders can trust Tickmill. There are just a few tradeable securities available with Tickmill, a standard MetaTrader broker. Tickmill’s VIP and Pro accounts do provide highly attractive commission-based pricing for pros.

 

👉 Tickmill also provides traders with a wide range of trading tools and instructional resources, including various professional yet simple-to-use trading platforms. In addition to FCA-regulated forex brokers, huge leverage, and fast execution speeds, Tickmill offers a wide range of CFD currency, stock, commodity, and index CFDs.

 

Unique Features

FeatureInformation
⚖️ RegulationSeychelles FSA, FCA, CySEC, Labuan FSA, FSCA
📱 Social Media Platforms• Facebook
• Twitter
• LinkedIn
• YouTube
• Instagram
• Telegram
💻 Trading AccountsPro Account, Classic Account, VIP Account
📊 Trading PlatformMetaTrader 4, MetaTrader 5
💰 Minimum Deposit100 USD or 11635 KES
✅ Trading AssetsForex, Stock Indices, Energies, Precious Metals, Bonds, Cryptocurrencies
✔️ Deposits AllowedUSD, GBP, EUR, IDR, CNY, VND, or RUB
📉 Minimum spreadFrom 0.0 pips
✔️ Demo AccountYes
☪️ Islamic AccountYes

 

✔️ Pros❌ Cons
Tickmill offers robust trading platforms and innovative mobile tradingTickmill spreads are not the tightest
Tickmill has a very high trust score and is known for its competitive trading conditionsCurrency conversion fees will apply for foreign deposits
Advanced traders can use a range of tools including FIX API, AutoChartist, VPS, and othersNo fixed spread accounts are offered
There are several convenient funding options available including Skrill, Neteller, and more

 

Trust Score

🥇 Tickmill has a trust score of 81%

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

👉 Founded in 2010, Pepperstone Markets is a prominent CFD, and forex broker based in Kenya while the Pepperstone group is based in Australia. Pepperstone Markets is a multi-location broker that adheres to tight rules with offices based around the world, including the Financial Conduct Authority (FCA).

 

👉 Pepperstone is known for its exceptional client service and extensive selection of third-party platforms. The research offerings are superior to the industry norm, but the number of tradeable items is a small drawback.

 

👉 Daily, Pepperstone Markets processes an average of US $8.3 billion in deals and provides online trading to more than 170 nations across the world. Pepperstone Markets makes use of technologies designed to facilitate large-ticket trading by institutions.

 

👉 Pepperstone Markets is capable of handling multiple order fills, allowing them to feed bigger orders into a liquidity aggregator on numerous levels. Orders placed by clients are filled on a “market execution” basis without requotes, with the possibility of positive or negative slippage, and without broker interference.

 

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 very high trust score of 92% and a market share of <5% in Kenya.

6. Axiory

Overall Rating

Min Deposit

10 USD / 1156 KES

Regulators

IFSC, MFSC and FSC

Trading Desk

MetaTrader4, MetaTrader5, CopyTrade and cTrader

Crypto

No

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

 

Overview

👉 Axiory is not regulated or authorised by Kenya’s Capital Markets Authority (CMA), but the broker is a trusted and reputable trading provider and regulated by the Financial Conduct Authority (FCA). Axiory was founded in 2011 by experienced fund managers and has grown rapidly with technology at the heart of the brand.

 

👉 Overall, Axiory is one of the best NDD STP and ECN brokers. 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. Trading tools, training materials, and over 150 instruments are available to assist traders.

 

👉 Axiory offers robust fix protocol 4.4 trading solutions if you are an expert coder or trade in large volumes. All transactions will take place in Equinix London if the protocol is followed (LD4). Real-time backups of the primary servers ensure stability.

 

👉 Axiory employs the Straight-through Processing (STP) and Electronic Communication Network (ECN) broker models. Client orders are routed directly to the interbank liquidity pool, where they are executed at the best rates and speeds available. There is no trading floor (NDD).

 

Unique features

FeatureInformation
⚖️ RegulationFSC Belize, FSC Mauritius, FCA
📱 Social Media Platforms• Facebook
• Twitter
• Telegram
• Instagram
• YouTube
• LinkedIn
💻 Trading Accounts• Nano Account
• Standard Account
• Max Account
• Tera Account
• Alpha Account
📊 Trading Platform• MetaTrader 4
• MetaTrader 5
• cTrader
• Axiory CopyTrade
💰 Minimum Deposit$10 (1 167 KES)
✅ Trading Assets• Forex
• Gold and Precious • Metals
• Oil and Energies
• CFD Indices
• CFD Stocks
• Exchange Stocks
• Exchange ETFs
✔️ Kenyan Shilling-based Account?No
💵 KES Deposits Allowed?No
📉 Minimum spreadFrom 0.13 pips
✔️ Demo AccountYes
☪️ Islamic AccountYes

 

✔️ Pros❌ Cons
Axiory is multi-regulated and offers investor protection through the Financial CommissiosKenyan traders are not given the benefit of local deposit and withdrawal options
Client Funds are kept in segregated with top financial institutionsThe Kenyan shilling is not a base currency option for a trading account
Traders can choose between dynamic and flexible trading accountsHolding commissions are applied to the Islamic account
Traders can choose between robust and reliable trading platformsCryptocurrencies cannot be traded through Axiory
Both an Islamic account and a practice trading account available
Traders can use AutoChartist and a few other helpful tools
Kenyan traders can use several trading strategies
Axiory offers competitive trading conditions across all account types and financial markets

 

Trust score

🥇 Axiory has a trust score of 90%

7. Trade Nation

Overall Rating

Min Deposit

USD 0 / 0 KES

Regulators

FSCA

Trading Desk

Crypto

Yes

Total Pairs

33

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

 

Overview

👉 Despite the fact that the Capital Markets Authority (CMA) in Kenya has not granted Trade Nation a license, the company is regulated by the reputable Financial Conduct Authority (FCA) and is subject to its stringent regulatory oversight. Trade Nation has an acceptable trust score and maintains the safety of customer cash by storing them in accounts that are kept apart from other company monies.

 

👉 Kenyan investors might consider using Trade Nation because it is a platform with minimal risk and a trading app that has been nicely built. Trade Nation provides a range of traders, regardless of their trading style or level of experience, with competitive costs, a secure trading environment, and cutting-edge solutions.

 

👉 Traders in Kenya have the option of using MetaTrader 4 with Trade Nation; however, the broker is trying to encourage clients to utilize its own unique app and platform. This trading platform, which offers a diverse selection of assets that may be traded, enables traders to make use of features such as fixed spreads and guaranteed stops.

 

Unique Features

FeatureInformation
⚖️ RegulationFCA, ASIC, FSCA, SCB
📱 Social Media Platforms• Facebook
• Twitter
• LinkedIn
• YouTube
• Instagram
💻 Trading Accounts• Low Leverage Account (1:30)
High Leverage Account (1:200)
📊 Trading Platform• MetaTrader 4
• Trade Nation app
💰 Minimum Deposit10 USD (1 167 KES)
✅ Trading Assets• Indices
• Stocks
• Precious Metals
• Forex
• Commodities
• Energies
• CFDs
💵 Kenyan Shilling-based Account?No
✔️ KES Deposits Allowed?No
📉 Minimum spreadFrom 0.4 pips
✔️ Demo AccountYes
☪️ Islamic AccountNo

 

✔️ Pros❌ Cons
Trade Nation offers MetaTrader 4 alongside its innovative proprietary trading platformThere is a limited selection of funding options
Trade Nation is a reputable and well-regulated broker that is well-trusted in the forex industryThere is no KES-denominated account and Kenyans cannot deposit funds in Kenyan shilling
There are no fees charged on deposits or withdrawalsCurrency conversion fees may apply to deposits made in KES
There is a range of markets available to Kenyan tradersThe spreads are not the lowest
There are tight, fixed spreads and no hidden fees
There is a selection of educational materials that are offered
Trade Nation provides sophisticated trading tools to advanced traders

 

Trust Score and Kenyan Market Share

🥇 Trade Nation has a trust score of 79%.

How to choose an FCA regulated forex broker 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 FCA Regulated Forex Brokers in Kenya

👉 In this article we have listed the best Forex brokers which offer FCA-regulated forex brokers to traders in Kenya. We have further identified the forex brokers that offer additional services and solutions to Kenyan traders.

 

Best FCA regulated MetaTrader 4 / MT4 Forex Broker in Kenya

Best FCA regulated MetaTrader 4 / MT4 Forex Broker

👉 Overall, Exness is the best FCA-regulated 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 FCA regulated MetaTrader 5 / MT5 Forex Broker in Kenya

Best FCA regulated MetaTrader 5 / MT5 Forex Broker

👉 Overall, BD Swiss is the best MT5 forex broker in Kenya. BDSwiss is also a well-regulated broker with a large international clientele. It has a wide range of instruments available for trading, including forex, commodities, stocks, indices, and many cryptocurrencies.

 

Best FCA regulated Forex Broker for beginners in Kenya

Best FCA regulated Forex Broker for beginners

👉 Overall, Tickmill is the best FCA-regulated 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 FCA regulated Minimum Deposit Forex Broker in Kenya

Best FCA regulated Minimum Deposit Forex Broker

👉 Overall, HF Markets is the best FCA-regulated 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 FCA regulated ECN Forex Broker in Kenya

Best FCA regulated ECN Forex Broker

👉 Overall, Pepperstone is the best FCA-regulated ECN forex broker in Kenya. Pepperstone is also known for exceptional client service, research offerings, and an extensive selection of platforms.

 

Best FCA regulated Islamic / Swap-Free Forex Broker in Kenya

Best FCA regulated Islamic / Swap-Free Forex Broker

👉 Overall, CM Trading is the best FCA-regulated 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 FCA regulated Forex Trading App in Kenya

Best FCA regulated Forex Trading App

👉 Overall, Trade Nation has the best FCA-regulated 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 FCA regulated forex brokers Lowest Spread Forex Broker in Kenya

Best FCA regulated forex brokers Lowest Spread

👉 Overall, FBS is the best 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 FCA regulated Nasdaq 100 Forex Broker in Kenya

Best FCA regulated Nasdaq 100 Forex Broker

👉 Overall, XM is the best FCA-regulated Nasdaq 100 forex broker in Kenya. XM also offers tight security, excellent customer service, account financing, and low fees.

 

Best Volatility 75 / VIX 75 Forex Broker in Kenya

Best Volatility 75 / VIX 75 Forex Broker

👉 Overall, AvaTrade is the best 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 FCA regulated NDD Forex Broker in Kenya

Best FCA regulated NDD Forex Broker

👉 Overall, FP Markets is the best FCA-regulated 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 STP Forex Broker in Kenya

Best STP Forex Broker

👉 Overall, OctaFX is the best 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 sign up bonus Broker in Kenya

Best sign up bonus Broker

👉 Overall, Oanda is the best 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 FCA regulated forex brokers work

👉 Almost all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the FCA.

 

👉 If a forex broker is not authorized by the authority and is targeting people in the UK or elsewhere, they will not have access to the Financial Ombudsman Service or be protected by the Financial Services Compensation Scheme (FSCS), so they are unlikely to get their money back if things go wrong.

 

👉 The FCA is responsible to protect traders from financial fraud and promoting a healthy and competitive financial marketplace. It also keeps a close eye on all trading-related activities. Customers’ funds must be kept separate from the company’s operating finances and must be audited on a regular basis by FCA-regulated Forex brokers to ensure that they are not misappropriated.

Advantages of FCA regulated forex brokers

👉 FCA regulated forex brokers have several advantages. These advantages include:

➡️ The FCA ensures that all forex and CFD brokers follow market conduct regulations.

➡️ FCA-regulated brokers are required by law to ensure that all trading activities are fair, secure, and transparent.

➡️ Client funds are not used for operational purposes by the broker, but instead are used only for client-approved trading activities.

➡️ The FCA protects consumers while also encouraging fair treatment.

➡️ The FCA ensures that, when dealing with financial institutions, consumers receive the necessary education.

➡️ Brokers who are FCA-regulated can continue to provide financial products and services to traders while maintaining their licensing and authorization.

➡️ If a broker declares bankruptcy, traders’ investments are safe if the broker is unable to meet its financial obligations.

➡️ Traders are safeguarded against fraudulent or scam brokers if they use FCA-regulated brokers and heed the market regulator’s warnings.

➡️ FCA-regulated forex brokers offer traders the necessary warnings, education, information, and other materials and tools to assist them in a wide range of competitive financial markets.

Disadvantages of FCA regulated forex brokers

👉 FCA regulated forex brokers also have some drawbacks of traders in Kenya should take note of in order to mitigate their risk of losses:

➡️ Not all brokers are FCA regulated in all jurisdictions.

Conclusion

👉 Overall, FCA-regulated forex brokers are the safest to use because they are properly regulated by this reputable authority. The Financial Conduct Authority (FCA) protects traders while keeping the industry stable and promoting healthy competition between different financial service providers.

FAQ

What is FCA in the UK?

The Financial Conduct Authority (FCA) regulates the financial services industry in the UK. Its role includes protecting consumers, keeping the industry stable, and promoting healthy competition between financial service providers.

 

What is an FCA-regulated forex broker?

An FCA-regulated forex broker can be regarded as a safe broker since it has to adhere to the stringent regulations of this reputable authority.

 

What advantages are there for traders to use FCA-regulated brokers?

The FCA ensures that traders receive fair trading conditions and the necessary education and if a broker declares bankruptcy, traders’ investments are safe.

 

Is AvaTrade regulated in the UK?

AvaTrade UK is only licensed as a regulated broker in the EU, Japan, Australia, South Africa and the British Virgin Islands.

 

What can happen if your broker is not FCA regulated?

If a broker is not authorised by the FCA you will not have access to the Financial Ombudsman Service or be protected by the Financial Services Compensation Scheme (FSCS), so you are unlikely to get your money back if the broker goes bankrupt.

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.

9/10 - (16 votes)

Table of Contents