Top 8 Locally Based Brokers
7 Best High Leverage Forex Brokers in Kenya
The 7 Best High Leverage Forex Brokers in Kenya revealed. We tested and verified the best high leverage brokers operating in Kenya.
This is a complete list of high leverage brokers in Kenya.
In this in-depth guide you’ll learn:
- What are high leverage forex brokers?
- Which Forex Brokers are best for beginner traders?
- Which brokers offer 1:100, 1:3000, and 1:5000 leverages?
- How to choose a forex broker – compare them against each other.
- Which high leverage broker offers the best KES sign-up bonus?
- Which broker offers a low minimum deposit of $5 (583 KES) to first-time traders?
- Which broker offers a mobile app to Kenyan traders?
And lots more…
So if you’re ready to go “all in” with the best-tested high leverage forex brokers for Kenyans…
Let’s dive right in…
- Louis Schoeman
Best High Leverage Forex Brokers in Kenya (Updated 2023)
| 🥇 Broker | ✔️ High Leverage Broker? | 💰 Minimum Deposit? | 💸 Kenyan Shilling (KES) Deposits Allowed? | 👉 Open Account |
| 1. Pepperstone | Yes | $150 (17 506 KES) | No | 👉 Open Account |
| 2. Axi | Yes | $0 | Yes | 👉 Open Account |
| 3. Markets.com | Yes | $100 (11,400 KES) | No | 👉 Open Account |
| 4. IG | Yes | $250 (28,700 KES) | No | 👉 Open Account |
| 5. OANDA | Yes | $1 (116 KES) | Yes | 👉 Open Account |
| 6. AvaTrade | Yes | $100 (11635,00 KES) | Yes | 👉 Open Account |
| 7. Exness | Yes | $1 (116 KES) | Yes | 👉 Open Account |
7 Best High Leverage Forex Brokers in Kenya (Updated 2023)
- Pepperstone – Overall, Best High Leverage Broker in Kenya
- Axi – Best High Leverage Sign-Up Bonus
- Markets.com – Best Kenyan Trading Account Forex Brokers
- IG – Best High Leverage Volatility75/VIX75 Forex Brokers
- Oanda – Best STP Forex Broker in Kenya
- AvaTrade – Best MetaTrader5/MT5 Forex Broker
- Exness – Best High Leverage MetaTrader4/MT4 Forex Broker
What is a high leverage forex broker?
👉 A high leverage forex broker is a broker who allows high leverage ratios for trading in forex. The principle of leverage is that the trader borrows money from the broker and then uses that leveraged amount for forex trading.
👉 Various forex brokers in Kenya offer different high leverage ratios. These ratios run between 1:200 and 1:500. It is considered good practice in forex trading not to use leverage ratios higher then 1:100 – 1:200.
Best High Leverage Forex Brokers in Kenya
👉 This article looks at some of the best high leverage forex brokers in Kenya. It considers not only the leverage ratios they offer but also provides other important information such as industry regulation, trading platforms, and reputation.
👉 The high leverage forex brokers in Kenya considered in this article offer leverage ratios from 1:200 – 1:500, and in some cases higher. These are good trading ratios for experienced forex traders.
1. 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 one of the top-rated high leverage forex brokers in Kenya. It has an outstanding record for client services and selection of third-party platforms. Founded in 2010, and based in Australia, this company provides CFD and forex trading in Kenya.
👉 Providing online trading services to more than 170 countries, Pepperstone Markets also facilitates large-ticket trading by institutions. Channeling around $8.3 Billion per day, it can handle multiple order fills, feeding larger orders into a liquidity aggregator.
👉 It falls within the top ten CFD and forex brokers serving traders in Kenya, with a Kenyan-based office in Nairobi. Pepperstone offers high leverage ratios running to 1:400.
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.
2. Axi
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
Overview
👉 Axi is an average risk forex broker, regulated by five entities across three tiers. As a broker founded by traders for traders, it provides tight spreads, minimum slippage, and rapid execution speeds.
👉 It is a customer-friendly broker which places high premiums on honest and fair dealing. Its 24-hour customer care service and thoroughly regulated trading environment ensure that traders experience high levels of security and trust.
👉 Axi is constantly seeking to adopt innovative and user-friendly trading technologies that enhance the efficiency and flexibility of the services they provide. A dedicated account manager is always at the disposal of clients seeking advice.
👉 The company is situated among the top 50 forex brokers accepting Kenyan traders and has a maximum high leverage ratio of 1:500.
Unique Features
| Feature | Information |
| ⚖️ Regulation | ASIC, SVG, FCA, FMA, DFSA |
| 📱 Social Media Platforms | • Facebook • Telegram |
| 💻 Trading Accounts | • Standard Account • Pro Account • Elite Account • Demo Account • Islamic Account |
| 📊 Trading Platform | • MetaTrader 4 |
| 💰 Minimum Deposit | 0 KES |
| ✅ Trading Assets | • Forex • Share CFDs • Indices • Commodities • Oil • Precious Metals • Cryptocurrency CFDs • CFDs |
| ✔️ Kenyan Shilling-based Account? | No |
| 💵 KES Deposits Allowed? | Yes |
| 📉 Minimum spread | From 0.0 pips |
| ✔️ Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✔️ Pros | ❌ Cons |
| Axi is multi-regulated with three Tier-1, one Tier-2, and one Tier-3 regulation | An inactivity fee is applied to dormant accounts |
| MetaTrader 4 is provided across devices alongside useful plugins such as AutoChartist, MyFXBook, and more. | Deposit and withdrawal fees are charged |
| Kenyan traders are given access to local payment providers and can deposit/withdraw in KES | There is only one trading platform supported |
| There are no account fees charged when Kenyans register an account | The demo account is only available for 30 daya |
| Axi offers beginner traders access to a comprehensive trading academy where they can learn how to trade and refine their trading | There is no KES-denominated trading account |
| There are social trading opportunities |
Trust Score and Kenyan Market Share
🥇 Axi has a trust score of 84% and a market share of < 5% in Kenya.
3. Markets.com
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
Overview
👉 Markets.com has gained a reputation for such features as low minimum deposits, wide-ranging markets, and a big choice of trading platforms suitable for use across various devices.
👉 The broker offers 24/7 customer support in the forms of email and lives chat 5 days a week. Though not locally regulated by the Capital Markets Authority (CMA) in Kenya, Markets.com is regulated by several other regional entities.
👉 Client accounts are segregated from company funds, and there is a high level of adherence to other fair and safe industry regulations.
👉 The sheer size of this company enables it to offer products that are closely tailored to customer needs in various countries, including Kenya. Markets.com also provides negative balance protection. It has a maximum high leverage ratio of 1:300.
Unique Features
| Feature | Information |
| ⚖️ Regulation | ASIC, CySEC, FSCA, FCA, BVI FSC |
| 📱 Social Media Platforms | • Facebook • YouTube |
| 💻 Trading Accounts | • MarketsX Account • Marketsi Account • MarketsX • Marketsi |
| 📊 Trading Platform | • MetaTrader 4 • MetaTrader 5 • MarketsX App |
| 💰 Minimum Deposit | 11,400 Kenyan shilling or an equivalent to $100 |
| ✅ Trading Assets | • Shares • Bonds • Cryptocurrencies • Forex • Primary CFDs • ETFs • Indices • Blends • Commodities |
| ✔️ Kenyan Shilling-based Account? | No |
| 💵 KES Deposits Allowed? | No |
| 📉 Minimum spread | From 0.0 pips |
| ✔️ Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✔️ Pros | ❌ Cons |
| Markets.com offers powerful trading platforms across several devices | The proprietary trading platform could be underwhelming to experienced traders |
| Commission-free trading is offered | Kenyan traders cannot set KES as their base account currency |
| There are many trading tools offered to advanced traders | KES is not an accepted deposit currency |
| Markets.com is well regulated by several reputable entities | There are no local deposit or withdrawal methods offered to traders from Kenya |
| There are tight and competitive spreads charged | An inactivity fee is charged on dormant accounts |
| There is a large selection of tradable financial instruments offered | The commission structure on the Share Dealing account can be very confusing to beginner traders |
| Client fund security is guaranteed by Markets.com and investor protection is offered | |
| There is dedicated and prompt customer support provided to Kenyan traders |
Trust Score and Kenyan Market Share
🥇 Markets.com has a very high trust score of 97% and a market share of < 5% in Kenya.
4. 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
👉 IG is a fantastic option for novice traders and seasoned market experts alike. More than 17,000 different trading instruments can be accessed through IG’s platform, which features one of the industry’s safest trading environments, a comprehensive selection of account types, and competitive spreads.
👉 IG provides a resource for customers who are interested in trading in CFDs. It is one of the most well-known brokers in the world, and as such, it provides trading environments that are both the best and the most comprehensive.
👉 IG is in a competitive position among brokers in Kenya due to the user-friendliness of its interfaces, the high quality of its educational tools, and the applicability of its research. IG is regulated by a number of credible entities, despite the fact that it is not subject to the oversight of the Capital Markets Authority (CMA).
👉 IG places a significant emphasis on ethical behavior, social responsibility, and environmental consciousness in its operations. The maximum high leverage ratio that it offers is 1:200.
Unique 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 | ❌ 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 |
Trust Score and Kenyan Market Share
🥇 IG has a very high trust score of 99% and a Kenyan market share of < 5%.
5. Oanda
Overall Rating
- 4.9/5
Min Deposit
USD 0 / 0 KES
Regulators
ASIC, BVI, CFTC, FCA, FFAJ, FSC, IIROC, MAS, NFA
Trading Desk
Metatrader 4 and Metatrader 5
Crypto
Yes
Total Pairs
45
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overview
👉 Oanda is a low-risk forex and CFD broker for Kenyans. In addition to its award-winning proprietary platform, it has competitive trading conditions and high-quality trading solutions.
👉 Although not regulated locally by the Capital Markets Authority (CMA) in Kenya, Oanda is regulated by several other recognized authorities. This company is a prominent broker and trading platform established in 1996.
👉 It has a large selection of indicators and charting tools suitable both for beginners and experienced traders.
👉 Placed among the top 50 forex brokers for Kenyan traders, Oanda advertises itself as a company handling ‘all things currency’. It has a maximum high leverage of 1:200.
Unique Features
| Feature | Information |
| ⚖️ Regulation | IIROC, ASIC, CFTC, NFA, FCA, FFAJ, MAS, MFSA |
| 📱 Social Media Platforms | • Facebook • YouTube |
| 💻 Trading Accounts | Standard Account, Core Account, Swap-Free Account |
| 📊 Trading Platform | MetaTrader 4, OANDA Platform, TradingView |
| 💰 Minimum Deposit | 1 USD (116 KES) |
| ✅ Trading Assets | Index CFDs, Forex, Metals, Commodity CFDs, Bonds CFDs, Precious Metals, Real-time Rates |
| ✔️ Kenyan Shilling-based Account? | No |
| 💵 KES Deposits Allowed? | Yes |
| ✔️ Kenyan Naira-Based Account | No |
| 💳 Bonuses for Kenyan traders? | Yes |
| 📉 Minimum spread | 0.1 pips |
| ✔️ Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✔️ Pros | ❌ Cons |
| Oanda has an award-winning proprietary trading platform | There is an inactivity fee on dormant accounts |
| Negative balance protection is automatically applied to the retail accounts | No fixed spreads are offered on accounts. |
| The broker offers a dedicated account for Muslim traders | |
| No deposit fees are charged when accounts are funded | |
| There is a large selection of educational materials |
Trust Score and Kenyan Market Share
🥇 OANDA has a trust score of 91% and a market share of <5%.
6. 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
👉 AvaTrade is considered to have a low degree of risk as a result of its overall Trust Score of 93 out of a possible 100. AvaTrade has been granted licenses to operate by a total of six different regulatory bodies, including five Tier-1 Regulators, five Tier-2 Regulators, and one Tier-3 Regulator.
👉 A single live trading account is made available to traders by AvaTrade; however, traders have the option of using either a Retail trading account or a Professional trading account when engaging in live trading.
Unique 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 | ❌ 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. |
Trust score
🥇 The trust score for AvaTrade is 93%.
7. 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
👉 Exness was formed in 2008 and quickly grew to a monthly trading volume of over $180 billion dollars. This organization is one of Kenya’s most popular and accessible brokers, offering over 200 financial products, different account kinds, and numerous resources.
👉 Exness has a high level of confidence and is regulated by a variety of recognized regulators, while not being regulated by Kenya’s Capital Markets Authority (CMA).
👉 Exness is noted for its flexibility and efficiency across its range of account types, as well as offering some of the most promising trading conditions in the business.
👉 Traders have immediate access to cash as well as leverage via electronic payment medium. Despite its poor visibility in Kenya, Exness is popular with Kenyan traders due to a variety of other appealing attributes.
👉 Exness offers a maximum high leverage ratio of 1:200, making it one of Kenya’s best high leverage brokers.
Unique 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 | ❌ 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 |
Trust Score
🥇 Exness has a trust score of 97%.
How to choose a high leverage Forex broker in Kenya
👉 Kenyan traders must evaluate the following components of a forex broker to decide whether the broker is suited to their unique trading objectives and/or needs.
Regulations and Licenses
👉 This is the first important component that traders must thoroughly evaluate. Reputable brokers are regulated by market regulators such as FCA, ASIC, CySEC, FSCA, and others. Kenyans must beware when dealing with brokers that only have offshore regulations such as FSA, SVG BVI, FSC, and others.
Account Features
👉 Account Features include leverage trading and margin requirement, commissions and spreads, initial deposit, additional features on retail investor accounts, and so on.
Deposits and Withdrawals
👉 Kenyans must evaluate the payment options available, the processing times on withdrawal requests, deposit currencies offered, the withdrawal fee, deposit fees, and minimum withdrawal limits among other trading and non-trading fees.
Range of Markets
👉 The range of markets offered refers to the number and range of tradable instruments that the broker offers. Kenyans must consider what they wish to trade and what is available.
Customer Support
👉 Customer Support is another crucial factor and Kenyans must check the availability of support (trading hours), the quality of support, and the promptness with which the customer support team responds to queries.
Trading Platform
👉 A trading platform is the Kenyan trader’s portal to the financial markets. Traders must ensure that the trading platform has the necessary technical indicators, fundamental analysis, technical analysis, economic calendar, charting, newsfeed, and other tools they may need.
Education and Research
👉 Education and Research come in handy to both novice traders and experienced investors. Education includes some of the following:
➡️ eBooks
➡️ Trading guides
➡️ Trading knowledge on leveraged products
➡️ A risk warning on complex instruments
➡️ Educational videos
👉 Research can include some of the following:
➡️ Trading tools
➡️ Commentary
➡️ Status of International Markets
➡️ Price movements
➡️ Market sentiments
➡️ Whether there is a volatile market
➡️ Exchange Rates
➡️ Expert opinions and several other resources can help experienced traders make informed trading decisions.
The Best Forex Brokers in Kenya
👉 We have examined the 7 best high leverage Forex brokers in Kenya. We have also further identified the best Forex brokers in Kenya which provide additional features and services.
Best High Leverage MetaTrader 4 / MT4 Forex Broker in Kenya
👉 Overall, Exness is the best high leverage MetaTrader 4 broker in Kenya. Its regulation record with a variety of authorities together with its high leverage ratios makes it a sought-after broker. With 24/7 customer support and special services in KES, it offers a tailored solution for Kenyans.
Best High Leverage MetaTrader 5 / MT5 Forex Broker in Kenya
👉 Overall, AvaTrade is the best high leverage MetaTrader 5 broker in Kenya. This is a well-regulated company with over 1250 trading instruments across a range of financial markets. It offers competitive trading conditions to Kenyan traders in particular.
Best High Leverage Forex Broker for beginners in Kenya
👉 Overall, XM is the best high leverage forex broker for beginners in Kenya. While this company accepts numerous trading strategies, it is especially welcoming to beginners. To this end, it has a rich collection of educational and research tools. XM has a high leverage ratio of 1:3000.
Best High Leverage Minimum Deposit Forex Broker in Kenya
👉 Overall, Alpari is the best minimum deposit high leverage broker in Kenya. Alpari offers local deposit and withdrawal options to Kenyans, with tight spreads and competitive commissions. It also provides Copytrading opportunities and has its own proprietary trading app.
Best High Leverage ECN Forex Broker in Kenya
👉 Overall, IC Markets is the best high leverage ECN forex broker in Kenya. This entity is one of the only tried and tested ECN brokers in the industry. Hedging, scalping, and many other strategies are allowed, with low trading fees and demo and Islamic accounts.
Best High Leverage Islamic / Swap-Free Forex Broker in Kenya
👉 Overall, Exinity is the best high leverage Islamic/swap-free forex broker in Kenya with its Kenya-based office and special attention to Kenyan traders. It is well-regulated and reputable, and negative balance protection is offered. It also has local CMA regulations.
Best High Leverage Forex Trading App in Kenya
👉 Overall, FXTM has the best high-leverage forex trading app in Kenya. FXTM offers advanced trading tools and a choice between three live trading accounts. It also has good educational materials. All trading accounts can be registered as a demo. FXTM has a maximum high leverage ratio of 1:1000.
Best High Leverage KES Trading Account Forex Broker in Kenya
👉 Overall, Pepperstone is the best high-leverage KES trading account in Kenya. With Pepperstone Kenyan traders are given local deposit and withdrawal options. Social trading features are also provided together with a comprehensive affiliate program.
Best High Leverage Lowest Spread Forex Broker in Kenya
👉 Overall, Tickmill is the high leverage lowest spread forex broker in Kenya. This is one of the lowest cost brokers in the industry, with supreme liquidity depth and numerous enabled strategies. It offers flexible funding options, as well as commission-free trading.
Best High Leverage Nasdaq 100 Forex Broker in Kenya
👉 Overall, HF Markets is the best high leverage Nasdaq 100 forex broker in Kenya. It has an ultra-low minimum deposit on accounts and offers several educational materials to beginner traders. HF Markets has a maximum high leverage ratio of 1:1000.
Best High Leverage Volatility 75 / VIX 75 Forex Broker in Kenya
👉 Overall, IG is the best high leverage Volatility 75/VIX 75 forex broker in Kenya. In addition, beginners are given access to the IG academy. Advanced traders have access to several sophisticated trading tools. IG has a maximum high leverage ratio of 1:200.
Best High Leverage NDD Forex Broker in Kenya
👉 Overall, FP Markets is the best high-leverage NDD forex broker in Kenya. FP Markets offers several deposit and withdrawal options. It is known for its ECN pricing model that includes raw and tight spreads. FP Markets has a maximum high leverage ratio of 1:500.
Best High Leverage STP Forex Broker in Kenya
👉 Overall, Oanda is the best swap-free STP forex broker in Kenya. Oanda offers advanced trading tools with no specific minimum deposit. It also has flexible and powerful trading tools. Oanda has a maximum high leverage ratio of 1:200.
Best High Leverage Sign Up Bonus Broker in Kenya
👉 Overall, RoboForex is the best high leverage sign-up bonus broker in Kenya. RoboForex has a wide range of tradable instruments and offers a 100% bonus for first deposits. It is an award-winning broker that has Verify My Trade. Roboforex has a maximum high leverage ratio of 1:2000.
Understanding how high leverage forex trading works
👉 By comparison with other trading instruments, forex trading allows for much higher leverage ratios. This availability of higher ratios can be either very profitable or lead to dangerous losses. It is therefore necessary to grasp the essentials of high leverage forex trading.
👉 Leverage is basically an instrument by which the trader borrows money from the broker in order to increase the amount of a trading stake. This practice enhances the possible profit to be taken from any forex transaction, but it can also lead to severe losses.
👉 In order to qualify for high leverage trading, a trader must hold an initial margin in his or her account. In a leverage ratio of 1:100, for instance, a trader would be required to put up $1000 to arrive at the 1:100 leveraged amount of $100 000.
👉 Though substantial profits can be generated by high leverage forex brokers, markets moving in the wrong direction can also greatly amplify losses. In this case, your forex broker should have stop-loss orders in place to prevent catastrophic losses.
👉 Generally, a high leverage trading position should be set up to ensure that potential losses do not exceed 3%. This risk parameter can, however, be exceeded by experienced traders. In a properly managed account, high leverage risks can be minimized.
Advantages of high leverage forex trading
➡️ By leveraging their initial margins, traders can substantially increase their investment amount
➡️ In favorable market movements, returns can be greatly magnified
Disadvantages of high leverage forex trading
➡️ High leverage can lead to higher costs imposed on a trader’s margins
➡️ In unfavorable market movements, highly leveraged trading can lead to severe losses
Conclusion
👉 Overall, high leverage forex brokers offer leverage ratios that are tested for forex markets. High leverage trading allows for vastly larger sums of money being available to forex traders by means of broker credit. This position has both strong advantages and disadvantages.
FAQs
Is high leverage good in forex trading?
High leverage can result in high profits or high losses. Conservative or novice traders should avoid excessive leverage, while professional traders will properly grasp the risks in each position.
Does high leverage affect profit?
High leverage does positively affect profit on favorable currency movements but will amplify losses on unfavorable movements.
How much leverage is safe in trading?
Traders should apply leverage appropriate to their experience. Novice traders should not use leverage higher than 1:10 and should aim at losses not exceeding 3%.
What is forex leverage?
Forex leverage is a loan provided by the broker on an interest-free basis. It facilitates trades that use capital higher than the amount that the trader actually has.
What is optimal forex leverage?
Optimal forex leverage is the ratio best suited to a trader’s experience and forex market movements. This ratio is governed by a forex broker’s risk management systems.
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.
