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10 Best Trading Apps in Kenya

The 10 Best Trading Apps in Kenya revealed. We tested the best forex trading apps for Kenyan Traders.

This is a complete guide to forex trading apps in Kenya.

In this in-depth guide you’ll learn:

  • What is a Trading App?
  • Which forex trading apps accept MPesa?
  • What is the difference between forex and stock trading apps?
  • How to compare the best trading apps against each other. 
  • Which Trading Apps are best for beginner Kenayn Traders? 
  • Which trading app offers a sign-up bonus for first-time traders in Kenya? 
  • Which trading app offers a low minimum deposit of $5 (583 KES) to start trading? 
  • Which trading app offers a mobile app on IOS and Android for Kenyan Traders? 


And lots more…

So if you’re ready to go “all in” with the best-tested forex trading apps

Let’s dive right in…

Updated : September 27, 2022

Best Trading Apps in Kenya 

🥇 Broker✔️ Offers a Trading App?💰 Minimum Deposit💸 Bonuses for Kenyan traders?👉 Open Account
1. FXTM✔️ Yes$10 (1,100 KES)No👉 Open Account
2. Alpari✔️ Yes$5 (570 KES)Yes👉 Open Account
3. FOREX.com✔️ Yes$100 (11,500 KES) No👉 Open Account
4. AvaTrade✔️ Yes$100 (11 635,00 KES)No👉 Open Account
5. Exness✔️ Yes$100 (11 635,00 KES)No👉 Open Account
6. HF Markets✔️ Yes$5 (580 KES)Yes👉 Open Account
7. eToro✔️ Yes$100 (11 635 KES)No👉 Open Account
8. FBS✔️ Yes$1 (116 KES)No👉 Open Account
9. XM✔️ Yes$5 (580 KES)Yes👉 Open Account
10. InstaForex✔️ Yes$1 (116 KES)No👉 Open Account

What is a trading app?

👉 A Trading App is a tool that can connect you to your trading account, broker, and trading activity through mobile devices such as a smartphone or a tablet.

 

👉 Trading Apps are available from your Google Playstore or App Store and can connect you to your trading profile while you are on the move, given that you are connected to the internet.

1. FXTM

Overall Rating

Min Deposit

USD 10 / 1156 KES

Regulators

CySec, FSCA 

Trading Desk

MetaTrader 4 and MetaTrader 5

Crypto

Yes

Total Pairs

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

 

👉 When selecting a mobile trading app, it is essential to seek reputable companies. FXTM is a trustworthy platform for foreign currency trading, used by traders worldwide and fully regulated.

 

👉 This platform is fantastic since it is meant for both pros and amateurs. For instance, flexible leverage allows you to boost your earning potential, but only if you have enough expertise and experience.

 

👉 If you plan to become an expert in this field, there are several educational options available to you.

 

👉 In addition, the app can execute deals within milliseconds. In addition, the firm’s market research team provides daily commentary, and you could utilize a variety of free trading tools to make more informed trading decisions.

 

Features

FeatureInformation
⚖️ RegulationFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA
📱 Social Media Platforms• Instagram
• Facebook
• Twitter
• YouTube
• LinkedIn
• Telegram
💻 Trading Accounts• Micro Account
• Advantage Account
• Advantage Plus Account
• Demo Account
• Islamic Account
📊 Trading Platform• MetaTrader 4
• MetaTrader 5
• FXTM Trader
💰 Minimum Deposit1,100 KES or an equivalent to $10
✅ Trading Assets• Precious Metals
• Stocks
• CFDs on Stocks
• Indices
• Forex
• Commodities
✔️ Kenyan Shilling-based Account?No
💵 KES Deposits Allowed?Yes
📉 Minimum spreadFrom 0.0 pips
✔️ Demo AccountYes
☪️ Islamic AccountYes

 

Average Fees

➡️ App Cost – Free

➡️ Minimum spread – 0.0 pips EUR/USD

➡️ Minimum Deposit – $0.40 to $2 according to trading volume

➡️ Overnight Fees – EUR/USD is -0.08 on a short position and -0.63 on a long position

➡️ Deposit/Withdrawal fees (range) – 0.5% up to 30 EUR (Bank wire transfer)

2. Alpari

Overall Rating

Min Deposit

570 KES or an equivalent to $5

Regulators

FSC

Trading Desk

MetaTrader 4

Crypto

Yes

Total Pairs

48

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Alpari is a well-known online broker with many years of expertise in trading. The company was founded in Russia in 1998 but has since expanded internationally. Today, Alpari counts millions of customers from several nations.

 

👉 The Alpari app is all-inclusive since it can perform any function on the Alpari network. It has applications in trading, monitoring, and analysis. The application is built for Android and iOS smartphones, is user-friendly, and is free.

 

Features

FeatureInformation
⚖️ RegulationFinancial Services Commission Mauritius (FSC)
📱 Social Media Platforms• Facebook
• Twitter
• Instagram
💻 Trading AccountsForex Standard Account, Forex Micro Account, Forex ECN Account, Forex Pro Account
📊 Trading Platform• MetaTrader4
• MetaTrader5
• Alpari Mobile App
💰 Minimum Deposit570 KES
✅ Trading Assets61 pairs – Forex Major Pairs, Minors, Exotics, 5 Spot Metals, 14 Spot CFDs
✔️ Kenyan KES-based Account?Yes
💵 Kenyan shilling Deposits Allowed?No, only USD, GBP, EUR, and AUD
✔️ KES Deposits Allowed?No
📉 Minimum spreadFrom 0.4 pip
✔️ Demo AccountYes
☪️ Islamic AccountYes

 

Average Fees

➡️ App Cost – Free

➡️ Minimum spread – 0.4 pips EUR/USD

➡️ Commission Fees – from $1.5

➡️ Overnight Fees – EUR/USD is -0.06 pips on a short position and -0.61 on a long position

➡️ Withdrawal fees (range) – between 0.5% and up to 30 EUR on Bank Wire Transfer

3. FOREX.com

Overall Rating

Min Deposit

USD 100 / 11615 KES

Regulators

CySEC, FCA

Trading Desk

Crypto

Yes

Total Pairs

50

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

👉 FOREX.com’s app is one of our top picks for a forex broker since it offers competitive spreads and a top-notch mobile app for both iOS and Android.

 

👉 There are no limitations on the app’s functionality when used on a mobile device. Everything from sophisticated charting to news to portfolio management is available just as it is on the desktop edition.

 

👉 Intuitive software allows you to track your holdings and build personalized dashboards and watchlists.

 

Features

Account FeatureValue
💳 Initial Minimum Deposit (₦)11,500 KES equivalent to $100
📊 Average Spreads on Major Forex PairsFrom 0.2 pips EUR/USD
💸 Typical Spreads1.3 pips EUR/USD
💰 Forex Commissions per round turnNone
💵 Commissions on Indices per round turnNone
🔨 Trading Tools offered?Yes, integrated trading tools
🚀 Market CommentaryYes
📊 Market AnalysisYes
⚙️ Advanced Charting Tools offered?Yes, and more than 80 technical indicators
📈 Fast Trade Execution?

Yes, Execution Scorecard
💵 Price Improvement?Yes, with limit orders
💸 Cash Rebates?Yes, 15%
🚦 Forex Trading SignalsYes
📲 Market Strategist AccessYes
📊 Active Trader ProgramNo
📈 Top-Tier LiquidityNo
💵 Spread splitsNo

 

Average Fees

➡️ App Cost – Free

➡️ Minimum spread – 0.3 pips

➡️ Commission Fees – $5 for 100,000 traded

➡️ Overnight Fees – a long swap of -0.54 and a short swap of 0.03

➡️ Inactivity Fees – $15 after 12 months

➡️ Currency Conversion Fees – 0.5% Fee

4. 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

👉 AvaTrade is well recognized as a top broker for Foreign Exchange (FX) and Contracts for Difference (CFD) trading. The primary goal of the platform is to provide traders with a fluid and responsive trading environment.

 

👉 There are several resources available to Kenyan traders on AvaTradeGO. These include position management software, charting capabilities, and more.

 

👉 The app gives users access to market trend technology, sociological trends, and basic and technical research, all of which may be used to make better financial choices.

 

👉 Easy-to-understand management tools, readable charts, a zoom function for inspecting finer points, and a plethora of other useful features are only the beginning of what makes trading with this program a pleasure.

 

👉 By providing customers with step-by-step guidance on initiating trades, feedback on their activity, and help whenever they need it, AvaTradeGO makes trading easier than ever before.

 

Features

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