Top 8 Locally Based Brokers
10 Best FTSE 100 Brokers in Kenya
The 10 Best FTSE 100 Index Forex Brokers in Kenya revealed. We tested and verified the best FTSE Index forex brokers for Kenyan Stock Traders.
This is a complete list of the Best FTSE one hundred and fifty index forex brokers in Kenya.
In this in-depth guide you’ll learn:
- What is the FTSE 100 Index?
- How to trade and invest on the FTSE Index?
- Who the best FTSE Brokers are for Kenyan Traders?
- How to choose a forex broker for your trading style.
- What is a share cast?
- What is the FTSE all-share index?
- Which broker offer a sign-up bonus for first-time traders?
- Which broker offer a low minimum deposit of $5 (593 KES)?
And lots more…
So if you’re ready to go “all in” with the best UK FTSE 100 brokerages for Kenyans…
Let’s dive right in…
- Louis Schoeman
Best FTSE 100 Brokers in Kenya
| 🥇 Broker | ✔️ FTSE 100 Broker? | 💰 Minimum Deposit? | ✔️ Offers Kenyan Shilling Account? | 👉 Open Account |
| 1. Plus500 | Yes | $100 (11,500 KES) | Yes | 👉 Open Account |
| 2. Exness | Yes | 1 USD (116 KES) | Yes | 👉 Open Account |
| 3. IG | Yes | $250 (28,700 KES) | No | 👉 Open Account |
| 4. Interactive Brokers | Yes | 0 KES | No | 👉 Open Account |
| 5. Fidelity Investments | Yes | $1 (110 KES) | No | 👉 Open Account |
| 6. HF Markets | Yes | $5 (592 KES) | Yes | 👉 Open Account |
| 7. AvaTrade | Yes | $100 (11,500 KES) | Yes | 👉 Open Account |
| 8. easyMarkets | Yes | $25 (2,800 KES) | No | 👉 Open Account |
| 9. Capital.com | Yes | $20 (2,300 KES) | No | 👉 Open Account |
| 10. XM | Yes | $5 (592 KES) | Yes | 👉 Open Account |
10 Best FTSE 100 Brokers in Kenya (Updated 2023)
- Plus500 – Overall, Best FTSE 100 Broker in Kenya
- Exness – Top Kenyan Shilling Account
- IG – User-Friendly Broker for Beginner Trader in Kenya
- Interactive Brokers – Best NDD CFD Broker
- Fidelity Investments – Top FTSE 100 Lowest Spread Broker
- HF Markets – Verified Low Minimum Deposit Broker in Kenya
- AvaTrade – #1 Trading App for Traders in Kenya
- easyMarkets – Top FTSE 100 MetaTrader4/MT4 Broker
- Capital.com – Best STP CPD Broker in Kenya
- XM – Top FTSE 100 Sign-Up Bonus Broker
What is the FTSE 100?
👉 Shares in the 100 largest publicly listed firms on the London Stock Exchange (LSE) are represented in the Financial Times Stock Exchange 100 Index, sometimes known as the FTSE 100 Index or simply the “Footsie.”
1. Plus500
Overall Rating
- 4.9/5
Crypto
Yes (Availability subject to regulations)
Trading Fees
Low
Account Activation Time
24 Hours
Overview
👉 With offices in Singapore, Australia, Cyprus, and the United Kingdom, and with appropriate regulation and authorization in each of these countries, Plus500 has been in business since 2008. It is a multi-regulated and reputable ECN and STP broker.
👉 Plus500 is renowned as a prominent CFD and Forex broker that provides traders with a broad selection of tradable instruments, attractive trading terms, commission-free trading, and a robust proprietary trading platform that enables transactions to be carried out without a hitch on mobile and desktop.
Features
| Feature | Information |
| ⚖️ Regulation | ASIC, FSCA, FCA, CySEC, FSA Seychelles, MAS |
| 📱 Social Media Platforms | • Facebook |
| 💻 Trading Accounts | Standard Live Account |
| 📊 Trading Platform | Plus500 mobile and web-based trading platform |
| 💰 Minimum Deposit | 11,500 KES |
| ✅ Trading Assets | Forex major pairs, Forex minor pairs, Forex exotic pairs, Indices, Commodities, Shares, ETFs, Cryptocurrencies, Options |
| ✔️ Kenyan KES-based Account? | No |
| 💰 KES Deposits Allowed? | No |
| 💵 Kenyan shilling Deposits Allowed? | No, only USD, GBP, EUR, and AUD |
| ✔️ KES Deposits Allowed? | No |
| 📉 Minimum spread | From 0.8 pips |
| ✔️ Demo Account | Yes |
| ☪️ Islamic Account | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Plus500 has subsidiaries in several regions, each well-regulated by prominent market regulators | There are inactivity and currency conversion fees |
| Commission-free trading is offered | The guaranteed stops are available at an additional charge |
| There are no deposit or withdrawal fees charged | There are restrictions on retail traders from some regions |
| There is a range of markets offered, with over 2,000 financial instruments | Restrictions on the maximum leverage |
| There is prompt and helpful 24/7 customer support available | Kenyans are not provided with a KES-denominated account and KES deposits/withdrawals are not supported |
| There are trading guides offered to beginners | There are limitations to the trading strategies that Kenyans can use |
| Advanced Kenyan traders can expect innovative products, market news, and insights | |
| Client fund security can be guaranteed |
2. Exness
Overall Rating
- 4.9/5
Min Deposit
USD 10 / 1156 KES
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto
Yes
Total Pairs
107
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overview
👉 The fact that Exness has been one of the most successful brokers since it was established in 2008 and is multi-regulated in both the CFD and FX markets is evidence of the company’s long-standing history.
👉 The headquarters of Exness is in Cyprus, and the company also has offices in South Africa, the United Kingdom, Seychelles, the British Virgin Islands, and Curacao.
👉 While the international brand provides a broad range of options for retail and corporate customers, the company’s subsidiaries also provide individualized financial services and investment solutions for customers located all over the globe.
Features
| Feature | Information |
| ⚖️ Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA |
| 📱 Social Media Platforms | • Facebook • YouTube |
| 💻 Trading Accounts | Standard Account, Standard Cent Account, Raw Spread Account, Zero Account, Pro Account |
| 📊 Trading Platform | MetaTrader 4, MetaTrader 5, Exness Terminal, Exness Trader app |
| 💰 Minimum Deposit | 1 USD (116 KES) |
| ✅ Tradable Assets | Forex, Metals, Crypto, Energies, Indices, Stocks |
| 📉 Minimum spread | From 0.0 pips EUR/USD |
| ✔️ Demo Account | Yes |
| ☪️ Islamic Account | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Exness is well-regulated and keeps all client funds in segregated accounts with top-tier institutions | Exness offers a limited number of payment methods for deposits and withdrawals |
| Traders can choose between several retail investor accounts | Exness 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 |
3. IG
Overall Rating
- 4.8/5
Min Deposit
USD 0 / 0 KES
Regulators
IGRs
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
80
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overview
👉 Since its founding in 1974, IG has grown into a multi-regulated, industry-leading DMA, STP, and ECN broker with a worldwide footprint. A wide variety of financial products from more than 17 different marketplaces are available for trading with IG.
👉 In addition, there is a wide selection of trading accounts available, each with its own set of fluid terms and conditions. IG also provides access to a series of high-tech, robust trading platforms.
👉 IG’s reputation rests on its open pricing, consistent trade execution, and ample liquidity. Another prominent and respected broker that trades on the London Stock Exchange is IG.
Features
| Feature | Information |
| ⚖️ Regulation | FCA, BaFin CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMA |
| 📱 Social Media Platforms | • LinkedIn • YouTube |
| 💻 Trading Accounts | • IG Trading Account • Limited Risk Account • Islamic Account (Dubai traders only) • Demo Account |
| 📊 Trading Platform | • MetaTrader 4 • IG Platform • ProRealTime (PRT) • L2 Dealer • FIX API |
| 💰 Minimum Deposit | 28,700 KES or an equivalent to $250 |
| ✅ Trading Assets | • Forex • Indices • Shares • Commodities • Cryptocurrencies • Futures • Options |
| ✔️ Kenyan Shilling-based Account? | No |
| 💵 KES Deposits Allowed? | No |
| 📉 Minimum spread | From 0.0 pips |
| ✔️ Demo Account | Yes |
| ☪️ Islamic Account | Yes (Dubai customers only) |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| IG is a multi-regulated and multi-asset online broker with one of the highest trust scores in Kenya | The minimum deposit is very high |
| IG offers a choice between several account types and trading platforms | Deposit fees are charged |
| Kenyan traders can use different trading strategies when they join IG | The Islamic account is only offered to Dubai traders |
| There are Islamic accounts offered to Dubai traders | There is a limited selection of payment options for deposits and withdrawals |
| Beginners are given access to the IG Academy | There are currency conversions if Kenyan traders deposit in Kenyan shilling |
| Advanced traders can expect several advanced and sophisticated trading tools |
4. Interactive Brokers
Overall Rating
- 4.9/5
Min Deposit
USD 0 / 0 KES
Regulators
US SEC, CFTC. Regulated in Australia, Bahamas, Cyprus, Dubai, Germany, Kenya, UK
Trading Desk
–
Crypto
Yes
Total Pairs
22
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overview
👉 Customers in Kenya may trade stocks, options, futures, currencies, bonds, and mutual funds under a single Interactive Brokers account.
👉 Interactive Brokers is a popular and trusted CFD provider that has a presence in all worldwide countries and territories. Kenyans will also find that Interactive Brokers supports trade in 150 marketplaces in 33 countries and 23 different currencies.
👉 In addition, Interactive Brokers offers a robust and advanced trading platform with superior trading tools and prompt, precise order execution. These sophisticated capabilities provide Kenyan investors with an ideal advantage when placing wagers across markets and asset types.
Features
| Features | Information |
| ⚖️ Regulation | FINRA, IIROC, FCA, CSSF, CBI, MNB, ASIC, SFC, MAS |
| 💻 Demo Account | Yes |
| 📈 CMA Regulation? | No |
| 📊 Nasdaq Spreads | From 0.6 pips |
| 💸 Commissions per trade | 0.05% on CFDs |
| 📉 Leverage | 1:400 (ASIC Regulations) |
| 💵 Minimum Deposit | 0 KES |
| 🥇 Overall Trust Score | 99% |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| When it comes to market coverage and asset selection, Interactive Brokers is without peer | New traders may feel overwhelmed with TWS, Interactive Brokers’ preferred platform for international trade |
| For extensive customization and power, Trader Workstation (TWS) is an excellent choice | The tiered price structure of Interactive Brokers might be difficult to understand |
| Advantages of having instantaneous access to markets all around the globe Always and forever |
5. Fidelity Investments
Overall Rating
- 4.7/5
Min Deposit
$0 / 0 KES
Regulators
SEC, FINRA
Trading Desk
TraderPro
Crypto
Yes
Total Pairs
–
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overview
👉 Fidelity Investments, founded in 1946 and headquartered in the United States, is a well-regulated and well-established broker that services traders and investors from across the globe.
👉 Fidelity Investments has been providing its distinctive, comprehensive, and competitive services for decades and has become a respected name in the investing and trading business.
👉 Fidelity Investments provides Kenyan traders and investors with sophisticated and modern trading technology, a vast selection of investing and trading alternatives, and favourable trading circumstances.
👉 Fidelity Investments’ features include investment alternatives, intelligent trading systems, and creative tools. There is a vast selection of investment opportunities, and their fees are affordable, making them an appealing choice for investors.
👉 It has developed from a modest startup to a prominent participant in the online brokerage industry. Fidelity Investments has a long history of offering investors high-quality research, tools, and resources, as well as high-value returns.
Features
| Feature | Information |
| ⚖️ Regulation | FINRA, SEC |
| 📱 Social Media Platforms | • Facebook • YouTube |
| 💻 Trading Accounts | Brokerage Account, Cash Management Account, Brokerage and Cash Management, The Fidelity Account for Businesses, Fidelity Go, Fidelity Personalized Planning and Advice, Portfolio Advisory Services Accounts, Fidelity Tax-Managed US Equity Index Strategy, Fidelity Equity-Income Strategy, Fidelity International Equity Strategy, Fidelity Tax-Managed International Equity Index Strategy, Fidelity US Large-Cap Equity Strategy, Fidelity Core Bond Strategy, Fidelity Intermediate Municipal Strategy, Breckinridge Intermediate Municipal Strategy |
| 📊 Trading Platform | Active Trader Pro, Fidelity Mobile |
| 💰 Minimum Deposit | 110 KES or an equivalent to $1 |
| ✅ Trading Assets | Shares, Commodities, Exchange-Traded Funds (ETFs), Mutual Funds, Investment Funds, Options, Futures, Bonds, Annuities, Fractional Shares, CDs, Fixed Income, IRAs and Retirement, Initial Public Offerings (IPOs) |
| ✔️ Kenyan KES-based Account? | No |
| 💰 KES Deposits Allowed? | No |
| 💵 Kenyan shilling Deposits Allowed? | No, only USD, GBP, EUR, and AUD |
| ✔️ KES Deposits Allowed? | No |
| 📉 Minimum spread | None |
| ✔️ Demo Account | Yes |
| ☪️ Islamic Account | No |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Fidelity Investments is well-regulated and has a good trust score | MetaTrader platforms are not supported |
| Member of the FDIC and the Securities Investor Protection Corporation (SIPC) | There is no Forex, CFD, or crypto trading offered |
| There is a wide range of investment options offered across several financial markets | There are limited funding options |
| There are several account types to choose from, each suiting different investors and traders | The account opening process can be time-consuming |
| There are many advanced trading tools offered on the website, trading platform, and mobile app | To get the best account benefits, traders must make larger deposits |
| Powerful proprietary trading platform offered | Management fees and a contract fee applied |
| Competitive trading conditions for cost-effective trading and investing | |
| Offers advanced research options and some educational material |
6. HF Markets
Overall Rating
- 4.8/5
Min Deposit
USD 0 / 0 KES
Regulators
CMA, CySEC, FSC, FSCA
Trading Desk
MetaTrader 4 and MetaTrader 5, HFM Trading App
Crypto
No
Total Pairs
50+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overview
👉 HF Markets has been in business for over a decade and is the brand name of HF Markets (Europe) Ltd., making it a respectable and trustworthy firm that provides complete CFD and forex trading. HF Markets accommodates both new and seasoned traders, regardless of their trading style.
👉 With HF Markets, traders may anticipate a variety of tradable instruments that can be traded using new, user-friendly software. HF Markets prioritizes client funds and employs the most advanced security methods to maintain a safe connection between the website and trading platforms.
👉 Since 2010, HF Markets has been a forex and CFD broker subject to CMA regulation, among several others. HF Markets has received several awards throughout the years, and the firm is quite proud of this accomplishment.
Features
| 💳 Minimum Deposit (KES) | 592 KES ($5) |
| 📊 Spreads | 1 pip EUR/USD |
| 💻 Trading Platform | MetaTrader 4, MetaTrader 5 |
| 💰 Trading Instruments | All |
| ✴️ Execution | Market Execution |
| 📈 Maximum Leverage Ratio | 1:1000 |
| 📉 Minimum Trade Size | 0.01 lot |
| ⬆️ Maximum Trade Size | 7 Standard Lots (100,000 base currency) |
| 📊 Maximum Open Orders | 150 (Simultaneous) |
| 📞 Margin Call (%) | 40 |
| 🛑 Stop-Out (%) | 10 |
| 💳 Account Base Currency | USD, ZAR |
| 👨💼 Personal Account Manager | Yes |
| ⚖️ Commission Charges | None |
| 🔎 Bonuses Offered | Flexible bonus offering |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Well-regulated CFD and Forex broker that has a decent trust score | United States clients and some other regions are not accepted by HotForex |
| The spreads offered are low and competitive | There may be restricted leverage for EU clients because of regulatory requirements |
| There are several account types to choose from with reasonable trading fees charged | There are no variable spread accounts offered |
| HotForex welcomes all types of traders and trading strategies | Limited funding options offered for deposits and withdrawals |
| There is a low minimum deposit requirement and secure methods for deposits and withdrawals | |
| Suited to beginner traders and experienced traders | |
| Offers comprehensive expert trading and market analysis | |
| Offers a decent selection of educational tools and a range of trading tools |
7. 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
👉 Over 150 countries are served by the multi-award-winning foreign currency (FX) broker AvaTrade, which was established in 2006 and has its global headquarters in Dublin (excluding the United States).
👉 The multi-award-winning trading broker AvaTrade provides more than 1,260 trading products on several marketplaces and is licensed in six different nations.
👉 Retail traders throughout the world have access to some of the best trading conditions in the world, including affordable fees, a competitive spread, quick execution times, a variety of account types, a wide range of financing options, first-rate customer support, and much more.
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 and Cons
| ✔️ 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. |
8. easyMarkets
Overall Rating
- 4.9/5
Min Deposit
USD 200 / 23320 KES
Regulators
CFD
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
65
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overview
👉 In 2001, easyMarkets was founded in Cyprus as one of the pioneering companies to provide online trading using a sleek and simple interface.
👉 Forex, global indexes, energy, commodities, and increasingly popular cryptocurrencies like Bitcoin, Ripple, and Ethereum are all available as Contracts for Difference (CFDs) on easyMarkets.
👉 As one of the few genuine ECN brokers, easyMarkets has a long history of providing excellent trading conditions. The trading environment is competitive, with accessible services and software, as well as innovative tools to assist you to reach your trading objectives.
Features
| Feature | Information |
| ⚖️ Regulation | BVI FSC, CySEC, ASIC, FSA |
| 📱 Social Media Platforms | • Instagram • YouTube |
| 💻 Trading Accounts | • Standard Account • Web/App • Standard Account MT4 • Premium Account Web/App • Premium Account MT4 • VIP Account Web/App • VIP Account MT4 |
| 📊 Trading Platform | • easyMarkets Platform • MetaTrader 4 • TradingView |
| 💰 Minimum Deposit | 2,800 KES or equivalent to $25 |
| 💵 Trading Assets | • Forex • Shares • Cryptocurrencies • Precious Metals • Commodities • Indices |
| ✔️ 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 and Cons
| ✔️ Pros | ❌ Cons |
| easyMarkets is well-regulated by several entities including ASIC, CySEC, BVI FSC, and FSA | There are no variable spreads offered |
| easyMarkets offers a range of markets that can be traded | Market Maker broker that takes the opposite side of trades, which means that the loss for a trader is a win for the broker |
| Kenyan traders are given access to several innovative features and benefits | There is an inactivity fee applied to dormant accounts |
| Kenyan traders have access to free guaranteed stops | |
| There are tight and competitive spreads charged | An inactivity fee is charged on dormant accounts |
| easyMarkets offers both TradingView and Trading Central | |
| easyMarkets offers innovative and powerful trading software | |
| There is a range of educational materials and advanced trading tools | |
| Deposit fees and withdrawal fees are not charged | |
| Commission-free trading is offered |
9. Capital.com
Overall Rating
- 4.5/5
Min Deposit
USD 20 / 2330 KES
Regulators
CYSEC, ASIC, FCA and NBRB licence Seychelles coming soon
Trading Desk
Market maker
Crypto
Yes
Total Pairs
–
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overview
👉 Capital.com, headquartered in the United Kingdom, is a trusted and well-regulated broker thanks to its authorization and regulation by CySEC, the National Business Register, and the Financial Conduct Authority.
👉 Capital.com has more than 360,000 active trading accounts and offers traders access to over 2,000 tradable products across a wide range of asset classes.
👉 As a recognized member of the FSCS and the ICF, Capital.com is authorized to compensate qualified consumers if the broker is unable to pay its debts.
Features
| Feature | Information |
| ⚖️ Regulation | FCA, ASIC, CySEC, NBRB, FSA |
| 📱 Social Media Platforms | • Instagram • YouTube |
| 💻 Trading Accounts | • One Live Account with the option for Retail or Professional • Demo Account |
| 📊 Trading Platform | • Capital.com • MetaTrader 4 • TradingView |
| 💰 Minimum Deposit | 2,300 KES or an equivalent to $20 |
| ✅ Trading Assets | • Indices • Forex • Commodities • Cryptocurrencies • Shares |
| ✔️ Kenyan Shilling-based Account? | No |
| 💵 KES Deposits Allowed? | Yes |
| 📉 Minimum spread | From 0.0 pips |
| ✔️ Demo Account | Yes |
| ☪️ Islamic Account | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Capital.com offers regular live updates and price alerts for a wide range of markets | The spreads are marked-up |
| There are no commissions charged on trades | There is no KES-denominated trading account offered to Kenyan traders |
| Kenyan traders can expect market-leading spreads and fast trade execution speeds | |
| Well-regulated and considered a safe broker | |
| The demo account is available for an unlimited time | |
| There are excellent training materials, and the broker offers an AI-technology driven platform |
10. 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
👉 When it comes to registered forex traders, XM is one of the biggest brokers in the world, with millions of customers. Since its founding in 2009, CFD and FX broker XM has expanded to become a global industry leader by providing clients with innovative trading tools and competitive terms.
👉 The foreign exchange broker XM has been around since 2009 and has a solid reputation as a market maker. XM’s no-requotes, no-rejections policy has made it a household brand among traders.
👉 Traders of all sorts and from all over the globe may take advantage of XM’s extensive trading solutions and access to innovative trading technology. There are no rejections or requotes on XM, and 99.35% of orders are completed in less than a second.
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 and Cons
| ✔️ 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 |
How to choose the Right FTSE 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 CFD Brokers in Kenya
👉 In this article, we have listed the best CFD brokers which offer access to the FTSE 100 to traders in Kenya. We have further identified the CFD brokers that offer additional services and solutions to Kenyan traders.
Best MetaTrader 4 / MT4 CFD Broker in Kenya
Overall Rating
- 4.8/5
Min Deposit
USD 0 / 0 KES
Regulators
FSA, FCA, ASIC, DFSA
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
66
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, Axi is the best MT4 CFD broker in Kenya. Axi provides MetaTrader 4 for a variety of hardware and operating systems.
👉 Axi offers financial solutions for foreign currency that are primarily geared at individual investors. For every account Kenyans can expect competitive trading conditions along with dynamic features to enrich their trading experience.
Best MetaTrader 5 / MT5 CFD Broker in Kenya
Overall Rating
- 4.7/5
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
👉 Overall, Tickmill is the best MetaTrader 5 CFD broker in Kenya. Tickmill’s unique blend of online trading services, designed to promote education and maximize user utility, is now available to consumers worldwide.
👉 Tickmill is a MetaTrader broker that offers thorough fundamental and technical research and stands out for its degree of accessibility.
Best CFD Broker for beginners in Kenya
Overall Rating
- 4.8/5
Min Deposit
USD 0 / 0 KES
Regulators
IGRs
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
80
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, IG is the best CFD broker for beginners in Kenya. IG is a fully licensed stock brokerage with more than 320,000 clients worldwide. IG provides a multitude of readily available and up-to-date educational tools for beginning traders.
Best Low Minimum Deposit CFD Broker in Kenya
Overall Rating
- 4.8/5
Min Deposit
USD 0 / 0 KES
Regulators
CMA, CySEC, FSC, FSCA
Trading Desk
MetaTrader 4 and MetaTrader 5, HFM Trading App
Crypto
No
Total Pairs
50+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, HF Markets is the best Low Minimum Deposit CFD Broker in Kenya. The HF Markets Micro Account has a lower minimum deposit requirement of 590 KES and provides lower trading commissions than the basic accounts provided by most other brokers.
Best ECN CFD Broker in Kenya
Overall Rating
- 4.7/5
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
👉 Overall, IC Markets is the best ECN CFD broker in Kenya. Offering actual spreads starting at 0.0 pips across 60 currency pairings, IC Markets is an Electronic Communication Network (ECN) trading environment provider.
👉 IC Markets’ liquidity providers come from more than 50 institutions and dark pool liquidity sources.
Best Islamic / Swap-Free CFD Broker in Kenya
Overall Rating
- 4.5/5
Min Deposit
USD 1 / 116 KES
Regulators
IFSC
Trading Desk
Metatrader 4
Crypto
Yes
Total Pairs
300
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, SuperForex is the best Islamic / Swap-Free CFD broker in Kenya. Muslim traders in Kenya have access to special Islamic accounts with SuperForex. Traders could also access managed accounts via SuperForex Bank, while Forex Copy offers social trading.
Best CFD Trading App in Kenya
Overall Rating
- 4.7/5
Min Deposit
$0 / 0 KES
Regulators
SEC, FINRA
Trading Desk
TraderPro
Crypto
Yes
Total Pairs
–
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, Fidelity Investments is the best CFD trading app in Kenya. Users of Fidelity’s downloadable Active Trader Pro get access to real-time data and a user-friendly trading interface that may be customized to their requirements.
👉 Fidelity Investments is known to offer one of the broadest selections of asset screeners and research tools, and there are many different educational resources in the provided library.
Best Kenyan Shilling Trading Account CFD Broker in Kenya
Overall Rating
- 4.9/5
Min Deposit
USD 10 / 1156 KES
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto
Yes
Total Pairs
107
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, Exness is the best Kenyan Shilling trading account CFD broker in Kenya. Exness gives Kenyans the option of signing up for several account kinds and the advantage of having their accounts denominated in KES.
Best Lowest Spread CFD Broker in Kenya
Overall Rating
- 4.7/5
Min Deposit
USD 1 / 116 KES
Regulators
IFSC, FSCA (South africa), ASIC, CySEC
Trading Desk
MetaTrader 4, MetaTrader 5, FBS Trader – all in one mobile trading platform.
Crypto
Yes
Total Pairs
–
Islamic Account
No
Trading Fees
Low
Welcome Bonus
$140 (16 373 KESFind out More)
Account Activation Time
24 Hours
👉 Overall, FBS is the best lowest spread CFD broker in Kenya. FBS has been in operation for a long time and provides a trustworthy trading environment and advantageous trading conditions, such as copy trading on MetaTrader 4 and MetaTrader 5.
👉 Additionally, FBS offers a range of trading accounts and has a low minimum deposit requirement.
Best NDD CFD Broker in Kenya
Overall Rating
- 4.7/5
Min Deposit
USD 100 / 11560 KES
Regulators
CySec, ASIC, FCA, BVI FSC, FSCA
Trading Desk
MetaTrader 4, MetaTrader 5, Markets.com propietary platform
Crypto
Yes
Total Pairs
67
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, Markets.com is the best NDD CFD broker in Kenya. With over 2,200 different trading options, Markets.com is a significant provider of Forex and CFDs. Markets.com is a transparent NDD broker with quick transaction execution times, and it also has several advantages.
Best STP CFD Broker in Kenya
Overall Rating
- 4.5/5
Min Deposit
USD 20 / 2330 KES
Regulators
CYSEC, ASIC, FCA and NBRB licence Seychelles coming soon
Trading Desk
Market maker
Crypto
Yes
Total Pairs
–
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, Capital.com is the best STP CFD broker in Kenya. This fully authorized and inspected online broker provides a wide range of trading tools and services. Kenyans may access robust trading platforms at some of the fastest STP execution times thanks to Capital.com.
Best Sign-up Bonus Broker in Kenya
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
👉 Overall, XM is the best sign-up bonus broker in Kenya. Many investors and traders in Kenya take use of XM’s broad range of trading products and services as well as its innovative trading solutions.
👉 To all Kenyans who open an account for the first time, XM provides a sign-up incentive. Before putting their own money at risk, Kenyans may get a $30 No-Deposit bonus to utilize as trading credit.
Factors that influence the FTSE 100
👉 Stocks on the FTSE 100 respond to several different forces, including:
➡️ Economic events like Brexit, cause the FTSE 100 to move inversely with the British pound.
➡️ When news reports and releases concern certain sectors or direct components of the FTSE 100, it may generate periods of extreme volatility throughout all markets, including the FTSE 100.
➡️ Companies in the FTSE 100 that generate revenue in currencies other than the pound sterling may be vulnerable to fluctuations in exchange rates.
➡️ Earnings reports—when there are changes to the constituents’ values, the index price may be impacted based on the stock’s weight in the FTSE 100.
👉 Fifteen percent of the equities included in the FTSE 100 are commodity stocks, therefore fluctuations in commodity prices have an impact on the index. With these forces in mind, it is recommended that FTSE 100 traders use a mixed strategy of technical and fundamental research.
👉 Furthermore, Kenyan traders need to have a well-thought-out trading plan and risk management technique that they adhere to religiously.
Tips for Kenyans who want to trade the FTSE 100 Index
👉 When trading the FTSE 100, investors and traders may benefit from the following tips and guidelines:
➡️ Pick a trading style that suits the trader’1s individual trading goals and requirements. Scalping, day trading, swing trading, and position trading are the four most common methods of trading. These trading methods distinguish between how often trades are made and for how long a position is held.
➡️ Traders need to keep up with current events, particularly if they pertain to a firm in which they have a personal stake or in which they are now engaged in trading. Traders should utilize an economic calendar to track major events happening across the world.
➡️ Make use of trading alerts, as the trader may specify criteria for the FTSE 100 price to be alerted of any changes or once the conditions are met.
➡️ Identify trends using several FTSE 100 charts as trading signals.
➡️ Incorporate technical analysis and indicators into a well-rounded trading approach.
➡️ Look at charts and market price activity to get a feel for the market’s mood and predict where prices may go.
Conclusion
👉 Trading on the FTSE is a popular pastime for individuals who are interested in the financial markets. The first step in learning how to trade the FTSE 100 is to comprehend how the market works.
👉 The next step for Kenyans is to analyse the brokers that offer access to the FTSE 100, and we have given them a head start by identifying the top 10 FTSE brokers in Kenya.
FAQ
How do I invest in the FTSE 100?
You must register an account with a trading platform or a broker to participate in trading the FTSE 100. Once you have registered an account, you can deposit funds, choose your individual stocks, and start purchasing.
What is the Vanguard FTSE 100??
This specific fund is passive, and it aims to follow the FTSE 100 Index’s performance.
Should you buy FTSE 100?
Yes, FTSE 100 is a worthwhile investment. The FTSE 100 could be a fantastic choice if you are seeking a lucrative long-term investment. Since the price of stocks is currently low, they could provide a profitable investment over the following five to ten years.
Is now a suitable time to invest?
Yes, it is a suitable time to invest in indexes such as the FTSE 100.
What is the average return on FTSE 100?
The average return on FTSE 100 is 7.75% annually.
Conclusion
👉 Now it is your turn to participate:
➡️ What inspired you to start trading forex?
➡️ What have your experiences been in trading forex?
➡️ Which risk management strategy can you share with other traders?
👉 Regardless, please share your thoughts in the comments below.
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.
