Top 8 Locally Based Brokers
7 Best FTSE 250 Brokers in Kenya
The 7 Best FTSE 250 Index Forex Brokers in Kenya revealed. We tested and verified the best FTSE 250 Index forex brokers for Kenyan Stock Traders.
This is a complete list of the Best FTSE two hundred and fifty index forex brokers in Kenya.
In this in-depth guide you’ll learn:
- What is the FTSE 250 Index?
- How to trade and invest in the UK FTSE 250 Index?
- Who the best FTSE Brokers are for Kenyan Traders?
- How to choose a forex broker for your trading style.
- What is a shared cast?
- What is the FTSE 250 all-share index?
- Which broker offers a sign-up bonus for first-time traders?
- Which FTSE 250 broker offers a minimum deposit of $5 (583 KES) to first-time traders?
And lots more…
So if you’re ready to go “all in” with the best United Kingdom FTSE 250 brokerages for Kenyans…
Let’s dive right in…
- Louis Schoeman
Best FTSE 250 Brokers in Kenya (Updated 2023)
| 🥇 Broker | ✔️ FTSE 250 Broker? | 💰 Minimum Deposit? | 💸 Kenyan Shilling (KES) Deposits Allowed? | 👉 Open Account |
| 1. eToro | Yes | $200 (23,000 KES) | No, only USD, GBP, EUR, and AUD | 👉 Open Account |
| 2. Capital.com | Yes | $20 (2,300 KES) | Yes | 👉 Open Account |
| 3. TD Ameritrade | Yes | $3 (400 KES) | No | 👉 Open Account |
| 4. Plus500 | Yes | None | No | 👉 Open Account |
| 5. Fidelity Investments | Yes | $1 (110 KES) | No | 👉 Open Account |
| 6. Alpari | Yes | $4 (570 KES) | No, only USD, GBP, EUR, and AUD | 👉 Open Account |
| 7. Pepperstone | Yes | $150 (17 512 KES) | No | 👉 Open Account |
7 Best FTSE 250 Brokers in Kenya (Updated 2023)
- eToro – Overall, Best FTSE250 Broker in Kenya
- Capital.com – Best ECN Broker for Kenyan Traders
- TD Ameritrade – Best FTSE250 MetaTrader5/MT5 Broker
- Plus500 – Best FTSE250 Minimum Deposit Broker
- Fidelity Investments – Best STP Forex Broker in Kenya
- Alpari – Best MetaTrader4/MT4 Broker for Kenyan Traders
- Pepperstone – Best FTSE250 Broker for Beginner Traders
What are FTSE 250 brokers?
👉 The Financial Times Stock Exchange 250 Index which is also referred to as the FTSE 250 is a capitalization-weighted index that includes the largest companies listed on the London Stock Exchange from 101 to 350.
👉 In March, June, September, and December, promotions and demotions to and from the index take place. The Index is updated every minute and calculated in real-time.
1. eToro
Overall Rating
- 4.8/5
Total Pairs
47
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
* Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.
Overview
👉 Overall, eToro is considered low-risk, with an overall Trust Score of 93 out of 100. eToro is licensed by four Tier-1 Regulators (high trust), one Tier-2 Regulator (average trust), and one Tier-3 Regulator (low trust). eToro offers a single trading account with the option of a Retail or Professional setting.
👉 eToro’s major goal is to make financial markets available to everyone, anywhere. The company was founded in Israel in 2007 by three entrepreneurs.
👉 Trading and investing should be as straightforward and transparent as possible, decreasing the need for reliance on conventional financial institutions. These people have a wide range of innovative trading and investing instruments at their disposal.
Unique Features
| Feature | Information |
| ⚖️ Regulation | CySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, SIPC. |
| 📱 Social Media Platforms | • Instagram • YouTube |
| 💻 Trading Accounts | One Standard Live Trading Account with the option for Retail and Professional |
| 📊 Trading Platform | eToro proprietary platform |
| 💰 Minimum Deposit | 23,000 KES or equivalent to $200 |
| ✅ Trading Assets | • Forex Pairs • Commodities • Exchange-traded funds (ETFs) • Indices • Crypto Assets Stocks |
| 💵 Kenyan shilling Deposits Allowed? | No, only USD, GBP, EUR, and AUD |
| ✔️ KES Deposits Allowed? | No |
| 📉 Minimum spread | 0.0 pips |
| ✔️ Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✔️ Pros | ❌ Cons |
| eToro is a well-established platform that is well-regulated in several regions | Forex and CFD trading is slightly more expensive than competitors |
| eToro is known for its unique, comprehensive, and robust social trading capabilities | There is a lack of research materials and tools |
| The broker has multiple Tier-1 regulations which make it a highly trusted, low-risk broker | Automated trading strategies are not allowed |
| It offers Kenyans a user-friendly trading platform for web and mobile use | There is no KES-denominated account |
| There is a large range of markets offered | There is only one retail account and one trading platform offered |
| There are VIP perks for eToro club members | |
| eToro has a comprehensive and highly rewarding affiliate program | |
| eToro offers commission-free trades |
Trust Score and Kenyan Market Share
🥇 eToro has a high trust score of 93% and a market share of less than 5% in Kenya.
2. 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
👉 Overall, Capital.com is considered average risk forex and CFD broker, with an overall Trust Score of 77 out of 100. Capital.com is licensed by two Tier-1 Regulators (high trust), one Tier-2 Regulator (average trust), and two Tier-3 Regulators (low trust). Capital.com offers one trading account with the option of a Retail or Professional Account option.
👉 Around 360,000 customers from all over the globe utilize Capital.com, a licensed and thoroughly monitored online broker.
👉 Traders from Asia, Africa, and Latin America can use Capital.com’s services as well as clients from the entire European Economic Area. Residents of the United States and Canada, on the other hand, are unable to use the broker’s services.
Unique 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 | ❌ 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 |
Trust score
🥇 Capital.com has a trust score of 77% and a market share of less than 5% in Kenya.
3. TD Ameritrade
Overall Rating
- 4.7/5
Min Deposit
$0 / 0 KES
Regulators
SEC, FINRA, CFTC, MAS
Trading Desk
Metatrader 4
Crypto
Yes
Total Pairs
–
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overview
👉 Overall, TD Ameritrade is considered low-risk, with an overall Trust Score of 98 out of 100. TD Ameritrade is licensed by four Tier-1 Regulators (high trust), zero Tier-2 Regulators (average trust), and zero Tier-3 Regulators (low trust).
👉 TD Ameritrade offers 2 retail investor accounts including a Standard Account and a Margin Trading Account, with several other account options including Retirement Accounts, Education Accounts, Speciality Accounts, and Managed Profiles.
👉 As an American brokerage firm, TD Ameritrade has an extensive selection of financial products, strong platforms, trading tools and a wealth of instructional materials, and award-winning customer support from these companies. Clients can also benefit from margin loans and other cash management services that TD Ameritrade provides.
👉 This TD Ameritrade review will provide traders with the details that they need to consider whether the broker is suited to their unique trading objectives and needs.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FINRA, CFTC, SEC, SFC |
| 📱 Social Media Platforms | • Facebook • YouTube |
| 💻 Trading Accounts | Standard Accounts, Retirement Accounts, Education Accounts, Speciality Accounts, Managed Profiles, Margin Trading Accounts |
| 📊 Trading Platform | TD Ameritrade, thinkorswim |
| 💰 Minimum Deposit | 400 KES |
| ✅ Trading Assets | Stocks, Options, ETFs, Mutual Funds, Futures, Forex, Bonds, Fixed Income, Annuities, IPOs, CDs, Cryptocurrency Trading |
| ✔️ 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 | ❌ Cons |
| TD Ameritrade is a trusted online brokerage that accepts all types of investors and traders | TD Ameritrade does not offer any fractional shares |
| There is no minimum investment required when registering for an account | There are high margin rates |
| The broker offers a wide range of guides and training for educational purposes | |
| There is a powerful web-based platform and mobile version with a customizable dashboard, custom alerts, real-time data, and advanced charting tools | |
| There are several retail investor accounts to choose from | |
| TD Ameritrade is one of the most reputable brokerage firms with strict regulation in the US | |
| In addition to a wide range of investment options, TD Ameritrade also offers crypto trading |
Trust Score
🥇 TD Ameritrade has a very high trust score of 98% but a very small Kenyan market share.
4. Plus500
Overall Rating
- 4.9/5
Min Deposit
USD 100 / 11560 KES
Regulators
CySEC, FCA, MAS, FSA, ASIC, FMA, FSCA
Trading Desk
WebTrader
Total Pairs
70
Crypto
Yes (Availability subject to regulations)
Trading Fees
Low
Account Activation Time
24 Hours
Overview
👉 Overall, Plus500 is considered low-risk, with an overall Trust Score of 99 out of 100. Plus500 is licensed by four Tier-1 Regulators (high trust), two Tier-2 Regulators (average trust), and one Tier-3 Regulator (low trust). Plus500 offers one standard retail trading account.
👉 Plus500, founded in 2008, is a multi-regulated and market-leading online trading broker that offers a diverse choice of over 2,000 CFD products for trading through simple-to-use proprietary trading platforms.
👉 They provide commission-free trading with competitive spreads, a variety of simple account financing alternatives, and a top-rated 24/7 customer support team. Plus500 is one of the major online brokers and has constantly expanded its geographic reach via investment in the growth of its marketing engine.
👉 Plus500’s unique trading platform is accessible on desktop, web, and mobile devices. Their easy and intuitive trading platform is one of the highest-rated trading applications in the Apple App Store and Google Play, thanks to its user-friendly UI and powerful features that enable users to trade from the palm of their hands while on the move.
👉 Plus500 places a premium on innovation, being among the first to provide new trading instruments to satisfy consumer wants, engage them, and earn their loyalty, as shown by their status as the first online broker to offer Cannabis Stocks.
Unique 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 | ❌ Cons |
| Plus500 is well-regulated and has a high trust score | There is an inactivity fee charged on dormant accounts after a few months of inactivity |
| There is multilingual customer service offered 24/7 across communication channels | Guaranteed stops come at an additional charge |
| All client funds are held in segregated accounts | Plus500 restricts retail traders in certain regions |
| There is a wide range of markets to choose from | Restricted maximum leverage |
| The trading costs are low and can suit any financial restrictions that traders may have, especially novice traders | Trading strategies such as expert advisors, automated trading, hedging, scalping, and others, are prohibited |
| There are no commissions charged on trades | There is no desktop platform offered |
| There are no deposit fees charged | |
| The proprietary platform is robust |
Trust Score and Kenyan Market Share
🥇 Plus500 has a high trust score of 99% but does not dominate the Kenyan market share. It is, however, considered on the op TOP 50 brokers for Kenyans.
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
👉 Overall, Fidelity Investments is considered low-risk, with an overall Trust Score of 95 out of 100. Fidelity Investments is licensed by two Tier-1 Regulators (high trust), zero Tier-2 Regulators (average trust), and zero Tier-3 Regulators (low trust).
👉 Fidelity International, boasts low non-trading fees, including no account or deposit fees. This broker’s account opening process is entirely digital and takes about 10 minutes. For ISA, SIPP, and Investment accounts, however, a £1,000 minimum deposit is required.
👉 When compared to the other brokers in this FTSE 250 index brokers guide, Fidelity International has a somewhat limited choice of tradable assets and markets. Simply put, this broker offers ETFs and equities traded on the London Stock Exchange (LSE), with the exclusion of 150 mutual funds.
Unique 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 | ❌ 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 |
Trust Score and Kenyan Market Share
🥇 Fidelity Investments has a trust score of 95% but does not have a large market share in Kenya.
6. Alpari
Overall Rating
- 4.7/5
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
Overview
👉 Overall, Alpari is considered low-risk, with an overall Trust Score of 95 out of 100. Alpari is licensed by zero Tier-1 Regulators (high trust), zero Tier-2 Regulators (average trust), and one Tier-3 Regulator (low trust). Alpari offers four different retail trading accounts namely a Forex Standard Account, Forex Micro Account, Forex ECN Account, and Forex Pro Account.
👉 Alpari is one of the biggest names in the sector. There is a specialized staff that works on delivering complete trading and investing solutions to regular traders and investors.
👉 There is a vast variety of services available that help retail traders guarantee that they obtain the best customer support, trading conditions, and tools to make educated investment selections. Alpari is a worldwide acknowledged broker that provides a safe, fair, and transparent trading environment targeted toward both novice and experienced traders.
👉 Currently, there are over 2 million registered customers who utilize the services of Alpari from 8 worldwide locations across three continents. Alpari has over 20 years of expertise in numerous financial markets and the broker provides more than 250 financial products.
Unique Features
| Feature | Information |
| ⚖️ Regulation | Financial Services Commission Mauritius (FSC) |
| 📱 Social Media Platforms | • Facebook |
| 💻 Trading Accounts | Forex Standard Account, Forex Micro Account, Forex ECN Account, Forex Pro Account |
| 📊 Trading Platform | • MetaTrader4 • MetaTrader5 • Alpari Mobile App |
| 💰 Minimum Deposit | 570 KES |
| ✅ Trading Assets | 61 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 spread | From 0.4 pip |
| ✔️ Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✔️ Pros | ❌ Cons |
| Well-regulated and award-winning CFD broker | Fixed spreads are not offered |
| Offers forex trading signals from AutoChartist and automatic trading | Not regulated by the Financial Conduct Authority, Cyprus Securities and Exchange Commission, or any other popular market regulators |
| MetaTrader 4 and MetaTrader 5 are supported across devices | There is a limited selection of trading instruments, educational tools, and research |
| News is streamed from FxWirePro | There are restrictions on several jurisdictions |
| A dedicated customer support team offers multilingual customer support | |
| Offers unique solutions to both beginner and experienced traders | |
| There are four retail investor accounts to choose from, demo accounts, and Islamic accounts | |
| There are several convenient funding options to choose from and deposit fees are not charged |
Trust Score and Kenyan Market Share
🥇 Alpari has a trust score of 95% but does not have a large market share in Kenya.
7. Pepperstone
Overall Rating
- 4.1/5
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 considered low-risk, with an overall Trust Score of 93 out of 99. Pepperstone is not publicly traded, does not operate a bank, and is authorized by two tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust).
👉 Pepperstone is widely regarded as one of the greatest online trading brokers in the market, with over 170 countries and $8.3 billion in daily deals.
👉 They provide traders all over the world with access to all markets with cutting-edge technology, low spreads, low latency, and high-speed execution, as well as award-winning customer service.
👉 Over the years, the broker has received numerous awards, including those for forex broker quality, customer service, cutting-edge technology, and providing the best possible trading conditions for customers.
Unique Features
| 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.
How to choose an FTSE 250 broker
👉 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 FTSE 250 Forex Brokers in Kenya
👉 In this article we have listed the best Forex brokers which classify as FTSE 250 brokers operating in Kenya. We have further identified the forex brokers that offer additional services and solutions to Kenyan traders.
Best FTSE 250 MetaTrader4 / MT4 Forex Broker in Kenya
👉 Overall, Alpari is the best MT4 Forex broker in Kenya. Alpari is a low-risk broker that may be summarized as a dependable and trustworthy market maker. Trading rates of a few milliseconds are guaranteed by Alpari. Over 2 million people have signed up with Alpari.
Best FTSE 250 MetaTrader5 / MT5 Forex Broker in Kenya
👉 Overall, AvaTrade is the best FTSE 250 MT5 Forex broker in Kenya. AvaTrade is one of the most reputable CFD and FX brokers in the world because of its stringent regulation and authorization, with Kenyan customer money maintained in segregated accounts with top-tier banks in each country.
Best FTSE 250 Forex Broker for BEGINNERS in Kenya
👉 Overall, eToro is one of the best FTSE 250 brokers for beginners to utilize in Kenia. eToro offers various educational materials such as a demo account, new fees, analysis, eToro Academy, and eToro Plus.
Best FTSE 250 Minimum Deposit Forex Broker in Kenya
👉 Overall, OANDA is the best FTSE 250 forex broker with a minimum deposit requirement of 0 Kenyan shillings. The broker offers a comprehensive trading platform for both novice and experienced currency traders.
Best FTSE 250 ECN Forex Broker in Kenya
👉 Overall, XM is the best FTSE 250 ECN forex broker in Kenya. Security, customer service, account financing, and minimal fees are some of the most important features that consumers look for in an online trading platform, and XM provides them in abundance. XM has more than 196 countries where it operates, a service team that speaks 30 languages, and the broker is one of the most trusted and well-regulated brokers.
Best FTSE 250 Islamic / Swap-Free Forex Broker in Kenya
👉 Overall, Tickmill is the best FTSE 250 Islamic / Swap-Free forex broker in Kenya. Tickmill is a trusted and easy-to-use broker for all Kenyan traders. This broker’s vast account selection, modest spreads, and rates make it excellent for many traders. Tickmill is governed by multiple countries and offers multilingual support.
Best FTSE 250 Forex Trading App in Kenya
👉 Overall, Exness offers the best trading app to start trading with. Kenyans will find that it is easy to get started with the Exness Trader platform since it includes all the necessities, such as candlesticks, indicators, and tools for computation.
Best FTSE 250 KES Trading Account Forex Broker in Kenya
👉 Overall, SuperForex is the best FTSE 250 KES Trading account forex broker in Kenya. SuperForex is a reliable broker that meets clients’ trading demands. Hundreds of trading products and user-friendly platforms meet everyone’s needs.
Best FTSE 250 Lowest Spread Forex Broker in Kenya
👉 Overall, Pepperstone is the best FTSE 250 lowest spread forex broker in Kenya. It offers spreads bbetween 0.0 pips and 0.3 pips on USDEUR. Pepperstone Markets is one of the most prominent trading brokers with an established track record. Its market share continues to grow because of its low trading fees, quick transaction executions, and wide range of assets.
Best FTSE 250 Nasdaq 100 Forex Broker in Kenya
👉 Overall, IG is the best FTSE 250 Nasdaq 100 forex broker in Kenya. The broker is one of the Top 20 brokers for Kenyan traders because of its unique trading solutions, comprehensive offering, and competitive trading conditions. IG is a multi-regulated and multi-asset online broker with one of the highest trust scores in Kenya.
Best FTSE 250 Volatility 75 / VIX 75 Forex Broker in Kenya
👉 Overall, IC Markets is the best FTSE 250 Volatility 75 / VIX 75 forex broker in Kenya. IC Markets is a multi-regulated broker with a high trust score. Kenyan merchants can trade on any financial exchange using IC Markets’ complex products.
Best FTSE 250 NDD Forex Broker in Kenya
👉 Overall, BDSwiss is the best FTSE 250 NDD forex broker in Kenya. It has the best active presence on social media platforms. BDSwiss is a CFD and forex broker and a worldwide supplier with more than 16,000 affiliate accounts and presently trades more than €20 billion in FX each month.
Best FTSE 250 STP Forex Broker in Kenya
👉 Overall, OctaFX is the best FTSE 250 STP forex broker in Kenya. The broker has been honored with over 28 accolades to date. It is OctaFX’s goal to keep trading costs low, executing 97.5% of orders slip-free using STP (Straight Through Processing) and ECN models.
Best FTSE 250 Sign Up Bonus Broker in Kenya
👉 Overall, HF Markets which has been previously known as Hotforex is the best FTSE 250 sign-up broker in Kenya. HF Market’s low price and excellent trading platform are exceptional. New and seasoned forex traders will benefit from the platform’s diversity of accounts and asset classes, as well as its in-depth information and analytical services. HotForex lets traders of all skill levels invest in CFD and spot assets utilizing MT4 and MT5 platforms.
Understanding how the FTSE 250 works
👉 The London Stock Exchange features hundreds of mid-cap companies listed. The FTSE 250 index allows you to trade or invest in a basket of these stocks.
👉 The FTSE 250 is produced by dividing the market capitalization of all stocks listed on the London Stock Exchange by 250. The index includes the 101st to 350th largest corporations by market capitalization.
👉 Companies having a higher market value constitute a higher weight in the index and have a greater impact on its price changes, as with other capitalization-weighted indices.
👉 Aston Martin, Marks & Spencer Group, Royal Mail, and Virgin Money UK are among the top FTSE 250 companies. Every three months, the FTSE 250 firms are evaluated. The index’s composition may vary if one company’s market capitalization surpasses that of another.
👉 For investors that reinvested their dividends, the FTSE 250 returned an average of 13.0 percent per year from 2010 to 2019. The FTSE 250 returned roughly 10% per year without dividend reinvestment during this time.
👉 Returns are determined by factors that affect the index’s individual companies or industries, as well as the index’s price.
👉 If you want to trade the FTSE, you will do so via CFDs, and you can choose between cash indices and index futures.
Advantages of FTSE 250 brokers
👉 Advantages of FTSE 250 brokers include:
➡️ The FTSE 250 index follows the 250 largest firms below the FTSE 100. Members are ranked 101-350 by the London market cap. These corporations are worth about £390 billion collectively and between £5 billion and £500 million each.
➡️ Being roughly a fifth of the size of the FTSE 100, the FTSE 250 is smaller and less liquid. This means that it is much more volatile at times.
➡️ FTSE All-Share index tracks FTSE 100, FTSE 250, and 300 smaller companies. It captures 98 percent of the London Stock Exchange. 642 members have a £2.3 trillion market worth.
Disadvantages of FTSE 250 brokers
👉 There could also be some drawbacks to trading with FTSE 250 brokers:
➡️ The FTSE 250 is industry-diversified. 70% of FTSE 100 revenue originates from overseas, compared to 50% for FTSE 250.
➡️ The FTSE 250 is regarded as a more UK-focused index, as it includes fewer multinationals and more home-grown businesses.
Conclusion
👉 Overall, trading through an FTSE 250 broker can give high rewards to Kenyan traders when proper research is done on an FTSE 250 broker. To trade with an FTSE 250 broker, traders should have a good trading plan and risk management strategy in place.
Frequently Asked Questions
Who is the most popular FTSE 250 broker in Kenya?
The most popular FTSE 250 broker in Kenya is eToro especially among beginner traders mainly because of its easy to use trading platforms and easy account opening process, 100 % commission-free trading and its copy trading feature.
Can you invest in the FTSE250 in Kenya without a broker?
Directly investing in the FTSE 250 requires a broker, but you can purchase shares of its constituents or buy EFTs that track the index’s price.
How do I trade FTSE 250 in Kenya?
Your personal choice, risk appetite, and trading schedule will all influence how you trade or invest in the FTSE 250. While you can’t invest directly in the FTSE 250, you can obtain exposure to an ETF or index components through share trading. Alternatively, spread bets and CFDs can be used to trade the FTSE 250.
Can you trade FTSE 250 in Kenya via CFDs?
Yes, you can trade FTSE 250 in Kenya via brokers that offer CFDs as well as shares trading
Is FTSE 250 a good investment?
Given recent FTSE 250 declines, you may believe that now is a good moment to invest in the stock market index. After all, the index has historically proved its ability to rise sharply in a short period of time. The FTSE 250, for example, gained 14.6 percent in 2021, outperforming the FTSE 100. (14.3 percent).
What does FTSE 250 stand for?
The FTSE 250 Index (“Footsie”) is a capitalization-weighted index that includes the London Stock Exchange’s 101st to 350th largest companies. In March, June, September, and December, promotions and demotions to and from the index take place.
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.
