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

7 Best Futures Trading Platforms in Kenya

The 7 Best Futures Trading Platforms in Kenya revealed. We tested and verified the best futures trading platforms for Kenyan Traders.

This is a complete list of futures trading platforms in Kenya.

In this in-depth guide you’ll learn:

  • What is a Futures Trading Platform
  • Which futures trading platforms are best for Nigerian Beginners?
  • Which futures trading platforms are available on mobile (IOS and Android) devices?
  • Which brokers have interactive futures trading platforms?
  • Which broker offers a low $5 (593 KES) minimum deposit?
  • Which brokers offer a sign-up bonus for first-time traders?


And lots more…

So if you’re ready to go “all in” with the best futures trading platforms for Kenyans

Let’s dive right in…

Updated : August 31, 2022

Best Futures Trading Platforms in Kenya (Updated 2022)

🥇 Broker✔️ Futures Trading Platform?💰 Minimum Deposit?💸 Kenyan Shilling (KES) Deposits Allowed?👉 Open Account
1. TD AmeritradeYes$5 (583 KES)Yes👉 Open Account
2. Interactive BrokersYes$0 (0 KES)No👉 Open Account
3. TradeStationYes$0 (0 KES)No👉 Open Account
4. Optimus FuturesYes$0 (0 KES)Yes👉 Open Account
5. E*TRADEYes$0 (0 KES)No👉 Open Account
6. Charles SchwabYes$0 (0 KES)No👉 Open Account
7. TastyworksYes$0 (0 KES)No👉 Open Account

7 Best Futures Trading Platforms in Kenya (Updated 2022)

  1. TD Ameritrade – Overall, Best Futures Trading Platform in Kenya
  2. Interactive Brokers – Top Low Minimum Deposit Broker
  3. TradeStation – Verified Commission-Free Broker in Kenya
  4. Optimus Futures – Best MT4/MetaTrader4 Platform 
  5. E*TRADE – Most User-Friendly Broker for Beginner
  6. Charles Schwab – Top NASDAQ 100 Broker in Kenya
  7. Tastyworks – Best Volatility 75 Futures Trading Platform Broker

What is Futures Trading?

👉 Futures are derivative financial contracts that obligate parties to buy or sell an asset at a defined price and date in the future. The buyer must purchase the underlying asset, or the seller must sell it, for the specified price, regardless of the existing market price at the expiration date.

 

👉 Commodities and financial instruments are examples of underlying assets. Futures contracts are standardized to allow for trading on a futures market, and they include information on the amount of the underlying asset. Futures contracts may be used for both risk management and profit making.

1. TD Ameritrade

Overall Rating

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

👉 TD Ameritrade, with its headquarters in Omaha, Nebraska, was one of the earliest online brokerages in the United States when it was established in 1975.

 

👉 With more than a trillion dollars in assets under control, TD Ameritrade currently has over 11 million customers. TD Ameritrade is a leading online stock broker because of its many attractive features.

 

👉 This includes TD Ameritrade’s convenient customer service, extensive stock trading research, zero-balance account requirements, and low commission rates.

 

👉 Thinkorswim, from TD Ameritrade, has a wealth of trading resources. Futures trading highlights include virtual money paper trading, price alerts, graphing economic (FRED) data, charting social sentiment, recognizing candlestick patterns in real-time, scanning, and ladder trading.

 

👉 If you need a single place to handle all your financial and investment requirements, go no further than TD Ameritrade.

 

👉 With TD Ameritrade, you may open a variety of accounts, including taxable, IRA, and Roth IRA types, as well as make use of the company’s extensive educational resources and professional money management services.

 

Features

FeatureInformation
⚖️ RegulationFINRA, CFTC, SEC, SFC
📱 Social Media Platforms• Facebook
• Twitter
• YouTube
💻 Trading AccountsStandard Accounts, Retirement Accounts, Education Accounts, Speciality Accounts, Managed Profiles, Margin Trading Accounts
📊 Trading PlatformTD Ameritrade, thinkorswim
💰 Minimum Deposit400 KES
✅ Trading AssetsStocks, 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 spreadNone
✔️ Demo AccountYes
☪️ Islamic AccountNo

 

Pros and Cons

✔️ Pros❌ Cons
TD Ameritrade is extremely well regulated by some of the strictest market regulatorsThere are no fractional shares offered
There are extensive investment selections offered and a range of accountsThe margin rates are very high
There is no minimum deposit requirement when Kenyans register a trading accountThere are high account fees
There are several guides and trading tools offeredThere is no KES-denominated account and local deposit/withdrawal methods are not offered
TD Ameritrade offers powerful proprietary trading platforms
Crypto trading is offered and there is a demo account provided

2. Interactive Brokers

Overall Rating

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

👉 Interactive Brokers is the finest online stock broker whether you are an active trader or an experienced investor.

 

👉 Despite this, it is distinguished from the others by a few outstanding qualities. Popularly known as “IBKR,” Interactive Brokers connects investors to 135 trading locations in 33 countries.

 

👉 The lowest margin rates across all balance categories are only one benefit of the industry-leading commissions available to professionals.

 

👉 Global traders have the option of trading as little as one ounce of spot gold via Interactive Brokers. Numerous mini and micro futures contracts have also been introduced.

 

👉 Mini crude oil futures contracts are one example of how the futures market might become more accessible to the public. A wide variety of resources are available on Interactive Brokers to help you become a more informed trader or investor.

 

👉 The Traders’ Academy webpage and the IBKR Quant blog both have extensive written and video content, including quizzes. Videos and articles do not provide progress monitoring, although there is at least one quiz every course.

 

Features

FeaturesInformation
⚖️ RegulationFINRA, IIROC, FCA, CSSF, CBI, MNB, ASIC, SFC, MAS
💻 Demo AccountYes
📈 CMA Regulation?No
📊 Nasdaq SpreadsFrom 0.6 pips
💸 Commissions per trade0.05% on CFDs
📉 Leverage1:400 (ASIC Regulations)
💵 Minimum Deposit0 KES
🥇 Overall Trust Score99%

 

Pros and Cons

✔️ Pros❌ Cons
When it comes to market coverage and asset selection, Interactive Brokers is without peerNew traders may feel overwhelmed with TWS, Interactive Brokers’ preferred platform for international trade
For extensive customization and power, Trader Workstation (TWS) is an excellent choiceThe 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

3. TradeStation

TradeStation

Overview

👉 Traders who are more experienced and who want a robust platform can choose TradeStation. In addition to a comprehensive collection of research tools, the brokerage houses a large variety of investable assets that are popular with both casual and expert investors.

 

👉 The TradeStation Mobile app is just as powerful as the desktop version, allowing Kenyans to gain access to their trading profile and activity while on the go.

 

👉 TradeStation provides its users with a wide variety of trading products, including access to the stock market, ETFs, futures, options, extensive direct-market routing, a wide variety of advanced order types, participation in initial public offerings, and more.

 

👉 TradeStation is a popular trading platform because of its cheap fees and wide range of features, which appeal to both busy traders and frugal investors.

 

👉 TradeStation is available to both novice and affluent traders because of its low entry barrier (zero minimum for the basic TS GO plan).

 

Features

FeaturesInformation
💵 Minimum Deposit Requirement0 KES
💸 Stock Trading Fee0 USD
💰 Options fee per Contract0.60 USD
🥇 Overall Score9/10
⚖️ Regulation and SecurityFINRA

 

Pros and Cons

✔️ Pros❌ Cons
TradeStation offers Kenyans cash reward bonuses of $50 to $5,000 when they deposit funds using the promo codeEducational content is divided into two areas, which can be confusing for beginners
There are commission-free options on ETFs and stocksInactivity fees of $50 are charged
TradeStation offers both crypto and futures tradingThere is an IRA annual service fee of $35
TradeStation 10 is a quality program with a range of featuresThere are high margin rates

4. Optimus Futures

Optimus Futures

 

Overview

👉 Optimus Futures is an industry-leading discount futures broker that caters to tech-savvy, service-oriented individual investors who are looking for innovative trading solutions at low prices.

 

👉 There are no hidden fees when using the depth-of-market surface, footprint charting, real-time news notifications, and a fully integrated trading diary that is all available to customers.

 

👉 Optimus Prime was established in 2005 by Matt Zimberg and is headquartered in Florida, United States. It also has offices in New York, Chicago, Akron, and Iowa.

 

👉 Since it is an independent company, Optimus Futures can provide a wide variety of trading platforms, services, and solutions in conjunction with many of the largest FCMs in the industry.

 

👉 Brokerage collaborates with FCMs to handle trade execution, back office, and exchange floor operations so it may concentrate on customer interactions. In all, there are six FCM partners, including AMP, Ironbeam, ADM Investor, Gain Capital, TradeStation, and Wedbush.

 

👉 To try out the platform, users may register a trial edition of the program, which grants access to many of the site’s analytical and charting functions, as well as unlimited practice trades.

 

👉 Optimus Futures also integrates with third-party trading apps, so Kenyans can easily use the futures trading platform that works best for them according to their trading needs, objectives, and styles.

 

Features

FeaturesInformation
💵 Minimum Deposit Requirement11,500 KES
💸 Stock Trading Fee0 USD
💰 Options fee per Contract0.20 USD
🥇 Overall Score9/10
⚖️ Regulation and SecurityCFTC, NFA

 

Pros and Cons

✔️ Pros❌ Cons
The Optimus Flow Trading platform is designed for futures tradingThere is a complex structure of offerings that can be intimidating to beginners
There is a decent selection of clearing houses offered along with order routing technologyThere are limited financial instruments when compared to other futures platforms
Kenyans can use automated trading strategiesThere is a limited range of funding options offered
Customer support can be reached via email, forums, direct messages, and telephonically
Kenyans can access free educational material from the website and trading platforms
There is unlimited access to extensive research and quotes

5. E*TRADE

E*TRADE

Overview

👉 E*TRADE, which was founded in 1982 by a physicist and inventor, is a stock brokerage firm with headquarters in New York City, over 4,000 employees, and 30 retail locations spread throughout the United States.

 

👉 When it comes to online stock, ETF, and options trading in the US, nobody does it better than industry leader E*TRADE, which charges no fee. They provide both automatic portfolio management and self-directed trading.

 

👉 Morgan Stanley, a world-renowned leader in facilitating trades in cash equities and other equity-related instruments on behalf of institutional customers, is the company’s parent.

 

👉 They collaborate with several market centres for end-to-end control of orders to assist them in delivering the greatest possible execution speeds and quality.

 

👉 E*TRADE has staff devoted to frequent and thorough assessments to assist determine the optimal execution price, speed, and price improvement ratio, and the broker employs sophisticated order routing technologies to get the best market execution possible.

 

👉 Futures trading on Power E*TRADE is likewise a terrific experience, like options trading. Multiple futures ladders can be executed simultaneously, orders can be placed quickly using the Quick Trade widget, and, as with options, maintaining holdings long-term is simple.

 

Features

FeaturesInformation
💵 Minimum Deposit Requirement0 KES
💸 Stock Trading Fee0 USD
💰 Options fee per Contract0.65 USD
🥇 Overall Score9/10
⚖️ Regulation and SecurityFINRA, NFA

 

Pros and Cons

✔️ Pros❌ Cons
E*TRADE has an enormous range of investment optionsThere is no forex, crypto, or CFD trading
Kenyans can benefit from low and competitive fees, with free stock and ETF trading offeredThere is no option to invest in fractional shares
There are several advanced tools offered to more experienced investorsThere is a limited selection of funding options available
The intuitive trading platforms are available across several devices
E*TRADE offers innovative portfolio tools
There is an abundance of educational material offered to beginner traders

6. Charles Schwab

Charles Schwab

Overview

👉 Charles Schwab, founded in 1971, is one of the leading online brokers in the United States, with a record of accomplishment of success and a variety of investment services and alternatives, including the buying and selling of Stocks, Mutual Funds, Options, Bonds, ETFs, and other financial products.

 

👉 Charles Schwab provides a vast array of high-quality online research tools and instructional resources to aid customers in evaluating assets and formulating trading strategies.

 

👉 They offer customizable web-based, desktop, and mobile interfaces for accessing and managing your trading account from anywhere with an internet connection.

 

👉 The brokerage account has affordable fees, industry-leading customer service, and specialized account managers to guide you through the investing process.

 

👉 Schwab provides consumers with access to two trading platforms in addition to its website namely StreetSmart Edge, which is great for active traders, and StreetSmart Central, which is the best option for futures traders.

 

👉 In terms of its overall offering, Charles Schwab will satisfy many futures traders despite their level of experience or their unique investment needs.

 

Features

FeaturesInformation
💵 Minimum Deposit Requirement0 KES
💸 Stock Trading Fee0 USD
💰 Options fee per Contract0.65 USD
🥇 Overall Score9/10
⚖️ Regulation and SecurityCFTC, FINRA, SEC

 

Pros and Cons

✔️ Pros❌ Cons
There are flexible brokerage accounts that can be used to trade a range of optionsThere are limited funding options available
There are online commission-free trades offeredThere are high fees charged on managed accounts
The investing platforms are extremely versatile and user-friendlyTraders do not have direct access to cryptocurrencies
There is transparent pricing and extremely low costs
Kenyans can easily get real-time trade analysis
There is premium research offered

7. Tastyworks

Tastyworks

Overview

👉 In 2017, the highly skilled team behind the popular online financial network tastytrade and the now-TD Ameritrade-owned trading platform thinkorswim came together to start a new company called tastyworks.

 

👉 Tastyworks focuses mostly on the active trader, but options traders can easily learn the ropes with the aid of tastytrade’s live content network and its accompanying trading platform, tastyworks.

 

👉 Technology-driven tastyworks caters mostly to options traders but also supports stock trading. Active traders, particularly those dealing in futures and options, will find tastyworks to be the most useful.

 

👉 The Tastyworks platform offers innovative trading technologies and an industry-leading options pricing schedule. When Kenyans choose Tastyworks to trade futures, they can expect fees from as little as 0.25 USD in commissions per contract.

 

Features

FeaturesInformation
💵 Minimum Deposit Requirement0 KES
💸 Stock Trading Fee0 USD
💰 Options fee per Contract0.50 USD
🥇 Overall Score9/10
⚖️ Regulation and SecurityFINRA, NFA

 

Pros and Cons

✔️ Pros❌ Cons
Tastyworks offers excellent trading technologyCFD trading is not offered by Tastyworks
There are low options commissions chargedThere are limited funding options offered
There is no minimum balance requirement with Tastyworks and a zero minimum depositUSD is the only account currency supported
There is an innovative mobile app offered
Kenyans can easily trade digital assets with commissions that are capped at $10
There are reliable trade execution speeds on the platform

How to Choose the Right Futures Trading Platform in Kenya

How to Choose the Right Futures Trading Platform in Kenya

👉 Selecting a futures broker is a crucial step in opening a commodities futures and options trading account.

 

👉 You want a brokerage business that can best satisfy your trading requirements and provide exceptional value for your trading capital, whether you trade online, with a broker’s assistance, utilizing automated systems, newsletters, or in managed futures.

 

👉 To help you choose the right option, we have indicated some features that you should consider when you evaluate different futures platforms and their features.

 

Consider Transactional versus Relationship-based Futures Providers

👉 In the futures brokerage industry, there are two distinct business model types. The first kind of futures broker is the transactional futures broker. Typically, the transactional model employs a one-size-fits-all strategy.

 

👉 Traders can easily register with the transactional broker, and they will get exactly what they see. This normally includes exchange access, basic support, and clearing services.

 

👉 Relationship-based futures brokers are deeply involved in providing their clients with the greatest potential opportunity for success.

 

👉 These futures brokers provide account services tailored to each individual trader’s requirements. Some traders may need more assistance, resources, and tools than others. The relationship-based futures broker will assist its customers in whatever capacity is necessary.

 

Look at the Commissions and Fees that are charged

👉 Regardless of whether you are a self-directed online trader or a broker-assisted trader, ensure you have a thorough grasp of the services and degree of support that accompany commission rates.

 

Test the Customer Support Offered

👉 Even if you are a self-directed trader who operates mostly in the digital realm, it is still the best idea to have futures broker contact information on hand.

 

👉 For instance, if you miss a limit up or limit down move and find yourself on the losing side, normal support may not be able to do much to assist, but if you have a seasoned futures broker tied to your account, they can get you out of the positions synthetically before the market closes.

 

Test the Execution Services

👉 Certain futures brokerage businesses provide just one kind of execution service. Others supply all or many execution services.

 

👉 These execution services include self-directed internet trading, broker-assisted execution, options execution, execution of third-party trading advice or newsletters, execution of automated systems/strategies, and managed futures.

 

Evaluate their 24-hour Trading Support

👉 Futures markets are 24-hour markets, hence 24-hour assistance is required, and the more support levels there are, the better for Kenyan traders.

 

👉 Access to a specialized future broker, the trading desk, and an overnight desk for after-hours trading is indicative of exceptional futures trading service.

 

Evaluate and test the Online Trading Technology Provided

👉 Seek for a futures broker that provides numerous platforms and inquire as to which platform is optimal for your trading style and goals.

 

👉 If you are considering a brokerage business with a single trading platform, bear in mind that they are obligated to inform you that their product is the best alternative, regardless of your requirements.

 

Explore the Market Research Options and Reports

👉 Whether you are a fundamental or technical trader, research and reports are essential to your trading. Ensure that your broker has access to basic and technical research, news reports, and a schedule of key report releases.

 

View the Futures Commission Merchants

👉 Different clearing companies specialize in various parts of the futures markets for commodities. Your futures trading requirements must align with the fundamental skills of the clearing business.

 

👉 Some FCMs specialize in online flat-priced futures trading, but others provide customers with access to all markets, futures, options, and spread methods.

 

Inspect the Margin and Leverage Options

👉 All brokers and clearing providers must adhere to the exchange’s overnight margin requirements. As a swing or position trader, regardless of which futures broker or clearing firm you employ, the overnight margin should be the same.

 

👉 Certain brokers give no reduction on day margins. Typically, this is because they lack the risk management infrastructure to conduct adequate monitoring of day traders.

 

👉 If a company cannot manage day traders, it risks accruing debts, and this is an issue that clearing companies and brokers want to avoid.

 

👉 Numerous firms provide a 50% discount for day trading. If the trader is disciplined and does not consistently incur margin calls for holding day transactions beyond the close, the business will let them trade with a day margin of 50%.

The Best Futures Brokers in Kenya

👉 In this article, we have listed the best brokers in Kenya that offer futures trading to traders in Kenya. We have further identified the futures brokers that offer additional services and solutions to Kenyan traders.

 

Best MetaTrader 4 / MT4 Futures Broker in Kenya

Overall Rating

Min Deposit

USD 0 / 0 KES

Regulators

Trading Desk

Crypto

Yes

Total Pairs

33

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, Trade Nation is the best MetaTrader 4 Futures Broker in Kenya. Trade Nation offers Kenyan traders a choice between two retail trading accounts and maximum trade sizes of up to 50 lots on MT4.

 

👉 While Trade Nation does not offer instant deposits or withdrawals, reliable options are available including bank transfers, Skrill, and credit/debit cards.

 

Best MetaTrader 5 / MT5 Futures Broker in Kenya

Optimus Futures

👉 Overall, Optimus Futures is the best MetaTrader 5 Futures Broker in Kenya. Optimus Futures offers Kenyans free access to the MetaTrader 5 platform alongside GAIN Futures data feeds.

 

👉 Optimus Futures is a discount broker that offers competitive trading conditions from $0.50 commissions regardless of the trading volume.

 

Best Futures Broker for beginners in Kenya

E*TRADE

👉 Overall, E*TRADE is the best Futures Broker for beginners in Kenya. Most of E*TRADE’s instructional content originates from external sources and is organized in a library-style catalogue by topic.

 

👉 At least twenty-five free webinars are offered each month, and older webinars are available for viewing at any time.

 

Best Low Minimum Deposit Futures Broker in Kenya

Overall Rating

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

👉 Overall, Interactive Brokers is the best Low Minimum Deposit Futures Broker in Kenya. Interactive Brokers does not have a dedicated minimum deposit. Interactive Brokers has lower margin rates than rivals.

 

👉 With zero-commission trading on its IBKR Lite platform and a normal fee charge of half a penny per share ($1 minimum per deal), its pricing is geared to decrease trading costs.

 

Best Commission-Free Futures Broker in Kenya

TradeStation

👉 Overall, TradeStation is the best commission-free Futures Broker in Kenya. TradeStation is one of the best futures platforms for active and professional Kenyan traders.

 

👉 Using TradeStation 10 and a dynamic TradeStation account, Kenyans can trade a wide range of instruments spread across ETFs, stocks, options, mutual funds, bonds, futures, and cryptocurrencies.

 

Best Islamic / Swap-Free Futures Broker in Kenya

Overall Rating

Min Deposit

USD 100 / 11560 KES

Regulators

FSA, CySec

Trading Desk

Metatrader 4

Crypto

Yes

Total Pairs

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, JustForex is the best Islamic / Swap-Free Futures Broker in Kenya. JustForex offers Muslim traders in Kenya the option of converting any of the 7 retail accounts to an Islamic Account. With an Islamic Account, Kenyans need not worry about swap fees or any additional admin costs.

 

👉 The spreads on the Swap-Free Account range from 0.0 pips to 0.9 pips depending on the account option Kenyans choose. There are competitive commissions charged on the Raw Spread Accounts, from $6 per turn.

 

Best Futures Trading App in Kenya

Overall Rating

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

👉 Overall, TD Ameritrade is the best Futures trading app in Kenya. Kenyan investors have an overall good opinion of the broker’s mobile app. The mobile application is available on iOS, Android, and Windows devices and is extremely feature-rich.

 

👉 Using a mobile device (smartphone or tablet), Kenyans could get streaming data, invest in mutual funds, and trade equities and sophisticated options contracts.

 

Best Lowest Spread Futures Broker in Kenya

Overall Rating

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 lowest spread Futures Broker in Kenya. The average spread that Kenyans can expect from IC Markets is 0.0 pips with commissions between $6 and $7 round turn. IC Markets is one of the best NDD true ECN brokers with Tier-1, Tier-2, and Tier-3 regulations.

 

Best Nasdaq 100 Futures Broker in Kenya

Charles Schwab

👉 Overall, Charles Schwab is the best Nasdaq 100 Futures Broker in Kenya. Kenyans can trade Nasdaq 100 under USNQX using the powerful proprietary trading platforms offered. Charles Schwab also offers comprehensive investment portfolio options for both short- and long-term investments.

 

Best Volatility 75 / VIX 75 Futures Broker in Kenya

Tastyworks

👉 Overall, Tastyworks is the best Volatility 75 / VIX 75 Futures Broker in Kenya. Tastyworks offers the major indices that can be traded either as options, futures, or ETFs.

 

👉 Tastyworks offers Kenyans 15 index watchlists, easy cash settlements, and the ability to make short and long-term speculations.

 

Best NDD Futures Broker in Kenya

Overall Rating

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 NDD Futures Broker in Kenya. IG is not only the best option for Kenyan beginners but also the best for traders who want superior STP and ECN execution across futures markets. With IG, Kenyans can trade 33 futures and they will have access to leverage up to 1:20.

 

Best STP Futures Broker in Kenya

Overall Rating

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 STP Futures Broker in Kenya. Markets.com is an award-winning broker and a part of Playtech, which is listed on the FTSE 250 and the LSE. Markets.com only offers a single trading account but provides superior STP trade execution through MT4 and MT5.

 

Best Sign-up Bonus Broker in Kenya

Overall Rating

Min Deposit

USD 1 / 116 KES

Regulators

CySEC, FSC

Trading Desk

Metatrader 4

Crypto

Yes

Total Pairs

4

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, InstaForex is the best sign-up bonus Broker in Kenya. InstaForex not only offers a $1,000 Start-up no-deposit bonus but also offers several deposit bonuses ranging between 30% and 100%. There are several competitions that Kenyans can participate in to win some of the best prizes.

Understanding how trading platforms work

👉 Online trading has enabled virtually anyone with internet access, the funds to open a trading account, and a somewhat positive past financial history to participate in the market. It is not necessary to have a personal broker or a large sum of money lying around to do it, and the majority of analysts believe that trading stock is no longer a sign of impending doom.

 

👉 Although the market has become more accessible, this does not mean that you should take internet trading lightly.

 

👉 Before you can engage in online stock trading, you must first select an online broker. Your online broker will handle trade execution and will keep track of your funds and shares in an account.

 

👉 Furthermore, many businesses offer varying degrees of assistance, various types of accounts, and additional services. There are a few things to consider when looking for a broker, which are listed below.

Conclusion

👉 Futures trading calls for a fully funded futures trading online broker account, along with margin and futures trading permission. Traders can use our guidelines to see whether any of these platforms are suited to their unique and individual trading objectives and needs.

 

👉 After getting everything set up, traders will need to do some research to decide which contract they want to trade, fill out an order ticket, and then make their first trade on their futures platform.

 

👉 Because of the risks involved with futures trading, Kenyan traders should educate themselves about the futures market before making any investments.

FAQ

Is TD Ameritrade good for futures trading?

Yes, TD Ameritrade is one of the best brokers and platforms for futures trading. TD Ameritrade offers thinkorswim, which is uniquely developed to provide comprehensive technical analysis for futures trading.

 

Can you get rich trading futures?

Yes, futures trading is a viable path to financial success. Futures are among the most adaptable and useful instruments because of their high leverage, high liquidity, ease of access, and short-selling potential.

 

How much does it cost to trade futures on TD Ameritrade?

To start trading futures with TD Ameritrade, you can expect to pay $2.25 per futures contract. This does not include exchange or regulatory fees.

 

What percentage of futures traders make money?

Day traders with a solid performance history will continue to generate high profits in the future. However, just roughly 1% of day traders can earn reliably after costs.

 

How much money do you need to start trading futures?

This will depend on your futures broker and/or platform. Each broker establishes its own minimum account opening deposit requirements. Approximately 290,000 KES or $2,500 is the minimum initial amount for a futures broker account.

While the broker or platform does not require a minimum deposit when you register an account, you must have enough funds in your margin account to start trading futures.

9.5/10 - (16 votes)

Table of Contents