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7 Best Micro Currency Trading Platforms in Kenya

The 7 Best Micro Currency Trading Platforms in Kenya revealed. We tested and verified the best micro currency trading platforms with a minimum deposit for Kenyan Traders.

This is a complete list of the best micro currency trading platform brokers in Kenya.

In this in-depth guide you’ll learn:

  • What are micro currency platforms? 
  • Who are the best micro currency platform brokers?
  • How to choose a forex broker – Compare them against each other.
  • Which brokers are best for beginner traders?
  • What is the difference between a micro account and a cent account?
  • Which brokers offer a sign-up bonus to first-time traders?
  • Which broker offers a low minimum deposit of $5 (583 KES)?
  • Which trading platforms offer IOS and ANDROID Apps for Kenyans?
  • Which trading platforms can you use with M-PESA?


And lots more…

So if you’re ready to go “all in” with the best-tested micro currency brokers for Kenyans…

Let’s dive right in…

Updated : August 31, 2022

Best Micro Currency Trading Platforms in Kenya

🥇 Broker✔️ Micro Currency Trading Account Broker?💰 Minimum Deposit?💸 Kenyan Shilling (KES) Deposits Allowed?👉 Open Account
1. ExnessYes$1 (116 KES)Yes👉 Open Account
2. AvaTradeYes$100 (11635,00 KES)Yes👉 Open Account
3. HF MarketsYes$5 (580 KES)No👉 Open Account
4. PepperstoneYes$150 (17 506 KES)No👉 Open Account
5. Plus500Yes$100 (11,500 KES)Yes👉 Open Account
6. eToroYes$200 (23,000 KES)No👉 Open Account
7. FXTMYes$10 (1,100 KES)Yes👉 Open Account

7 Best Micro Currency Trading Platforms in Kenya (Updated 2022)

  1. Exness – Overall, Best Micro Currency Platform in Kenya
  2. AvaTrade – Top MetaTrader 5/MT5 Forex Broker
  3. HF Markets – Verified Micro Currency Trading Sign-Up Bonus
  4. Pepperstone – User-Friendly Lowest Spread Forex Broker in Kenya
  5. Plus500 – Top Micro Currency Trading Islamic/Swap-Free Broker
  6. eToro – Best Trading App for Beginner Kenyan Traders
  7. FXTM – Verified Nasdaq100/NAS100 Broker in Kenya

What are Micro Currency Trading Platforms?

👉 Micro currency trading platforms allow for real-time trading in a currency or asset measured in 1,000 units. As a result, rather than trading a whole unit, the trader can bet on the price with a reduced initial balance and lower capital requirements, lowering the risks.

 

👉 One of the most popular options among new traders is the micro currency trading platform, which allows users to practice real trading without making a large investment. Micro currency trading platforms are becoming more popular as a way to test algorithms, robots, and tactics in a real-world setting with a low risk of losing money.

1. Exness

Overall Rating

Min Deposit

USD 10 / 1156 KES

Regulators

CBCS, CySEC, FCA, FSA, FSC, FSCA

Trading Desk

MetaTrader 4 and MetaTrader 5

Crypto

Yes

Total Pairs

107

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

 

Overview

👉 Overall, Exness is a low-risk CFD and Forex broker that is regulated and authorized in many jurisdictions. Exness not only has a variety of account kinds to choose from, but it also has some of the best trading conditions in the market.

 

👉 Exness traders have access to more than 200 financial products, a variety of retail account types, and a wealth of information. Even though it is not yet authorized by Kenya’s Capital Markets Authority (CMA), it is one of the most popular brokers.

 

👉 Leverage allows users to minimize margin requirements and control trading strategies more flexibly. Exness gives traders complete control over their funds by allowing them to withdraw cash quickly using electronic payment channels. The broker’s KES Account is great for Kenyan traders.

 

Unique Features

FeatureInformation
⚖️ RegulationFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA
📱 Social Media Platforms• Facebook
• Twitter
• Instagram
• LinkedIn
• YouTube
💻 Trading AccountsStandard Account, Standard Cent Account, Raw Spread Account, Zero Account, Pro Account
📊 Trading PlatformMetaTrader 4, MetaTrader 5, Exness Terminal, Exness Trader app
💰 Minimum Deposit1 USD (116 KES)
✅ Tradable AssetsForex, Metals, Crypto, Energies, Indices, Stocks
📉 Minimum spreadFrom 0.0 pips EUR/USD
✔️ Demo AccountYes
☪️ Islamic AccountYes

 

✔️ Pros❌ Cons
Exness is well-regulated and keeps all client funds in segregated accounts with top-tier institutionsExness offers a limited number of payment methods for deposits and withdrawals
Traders can choose between several retail investor accountsExness 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 high trust score of 97% and although it does not have a large market share in Kenya, many do make use of this reputable trader.

2. AvaTrade

Overall Rating

Min Deposit

USD 100 / 11560 KES

Regulators

ASIC, FSA

Trading Desk

MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

 

Overview

👉 AvaTrade is a globally known CFD and FX broker and is part of the AvaTrader Groups. It is overseen by several financial institutions, in various jurisdictions.

 

👉 AvaTrade is an award-winning broker that offers trading in over 1,250 financial instruments through a choice of platforms. It offers two live account types and also caters to a demo and Islamic Swap-Free account to suit beginner traders and those following the Muslim faith.

 

👉 AvaTrade was among the first forex brokers to introduce CFD trading on commodities, indices, and stocks and introduce digital currency trading.

 

Unique features

FeatureInformation
⚖️ RegulationCentral Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC
📱 Social Media Platforms• Twitter
• Instagram
• Facebook
• YouTube
💻 Trading AccountsStandard and Options accounts
📊 Trading Platform• AvaTradeGO
• AvaOptions
• AvaSocial
• MetaTrader 4
• MetaTrader 5
• DupliTrade
• ZuluTrade
💰 Minimum DepositEquivalent to $100 – 11635,00 KES
✅ Tradable Assets• Forex
• Metals
• Crypto
• Energies
• Indices
• Stocks
💵 Trading AssetsEquivalent to $100 – 11635,00 KES
📉 Minimum spreadFrom 0.9 pips
✔️ Demo AccountYes
☪️ Islamic AccountYes

 

✔️ 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

🥇 AvaTrade has a high trust score of 97%. The broker does not capture a significant market share in AvaTrade.

3. HF Markets

Overall Rating

Min Deposit

USD 5 / 578 KES

Regulators

CySEC, FSC, FSCA

Trading Desk

MetaTrader 4 and MetaTrader 5

Crypto

No

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

 

Overview

👉 Overall, HF Markets, previous known as HF Markets, is well-regulated by several reputable entities and recently, HFM Investments Limited, a subsidiary of the brokerage company, has been given a license by the Capital Markets Authority (CMA) in Kenya.

 

👉 HF Markets offers to trade in MetaTrader4 and MetaTrader5. The retail investor accounts offered by the broker are appropriate for both rookie and experienced traders, as well as professional traders seeking a competitive edge in their trading.

 

👉 Each retail trading account has its own set of features and trading conditions to suit traders of various trading styles, trading abilities, and investment objectives. HF Markets has won over 55 forex industry awards and has over 2.5 million active accounts in the last decade.

 

Unique Features

FeatureInformation
⚖️ RegulationFSCA, CySEC, DFSA, FSA, FCA, FSC, CMA
📱 Social Media Platforms• Facebook
• Twitter
• Telegram
• Instagram
• YouTube
• LinkedIn
💻 Trading AccountsMicro Account, Premium Account, HF copy Account, Zero Spread Account, Auto Account
📊 Trading PlatformMetaTrader 4 and MetaTrader 5
💰 Minimum Deposit5 USD or 580 KES
💵 Trading AssetsForex, Precious Metals, Energies, Indices, Shares, Commodities, Cryptocurrencies, Bonds, Stocks DMA, ETFs
✔️ Kenyan Shilling-based Account?No
💵 KES Deposits Allowed?Yes
💸 Bonuses for Kenyan traders?Yes
📉 Minimum spreadFrom 0.0 pips
✔️ Demo AccountYes
☪️ Islamic AccountYes

 

✔️ Pros❌ Cons
Tight, competitive spreads from 0.0 pips on EUR/USD are offeredHF Markets only offers a few deposit and withdrawal methods to Kenyans
Kenyan traders have access to MetaTrader 4 and 5 across desktops, mobile apps, and web-based platforms
A demo account is available for beginners who are learning to trade and professional traders who are testing strategies
Kenyan traders can register a trading account in either USD, ZAR, or NGN
Several asset classes can be traded through HF Markets

 

Trust Score and Kenyan Market Share

🥇 HotForex has a trust score of 83% and a Kenyan market share of 2.5%.

4. Pepperstone

Overall Rating

Min Deposit

USD 10 / 1156 KES

Regulators

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

Trading Desk

MetaTrader 4, MetaTrader 5, cTrader and TradingView

Crypto

No

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 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

FeatureInformation
⚖️ RegulationASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB
📱 Social Media Platforms• Facebook
• Twitter
• Instagram
• LinkedIn
• YouTube
💻 Trading AccountsStandard account, Razor Account, Professional Account
📊 Trading PlatformMetaTrader 4, MetaTrader 5, cTrader, TradingView, Myfxbook, DupliTrade
💰 Minimum Deposit150 USD
✅ Trading Assets• Forex
• Cryptocurrencies
• Shares
• ETFs
• Indices
• Commodities
• Currency Indices
✔️ Kenyan Naira-Based AccountNo
💳 Bonuses for Kenyan traders?No
📉 Minimum spreadfrom 0.0 pips
✔️ Demo AccountYes
☪️ Islamic AccountYes

 

✔️ Pros❌ Cons
Pepperstone caters for traders of all trading experience or styleLeverage restrictions apply
Pepperstone is a multi-regulated and multi-award-winning brokerAdditional 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 trust score of 93% but does not have a high market share.

5. Plus500

Overall Rating

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 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’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.

 

Unique Features

FeatureInformation
⚖️ RegulationASIC, FSCA, FCA, CySEC, FSA Seychelles, MAS
📱 Social Media Platforms• Facebook
• Twitter
• Instagram
💻 Trading AccountsStandard Live Account
📊 Trading PlatformPlus500 mobile and web-based trading platform
💰 Minimum Deposit11,500 KES
✅ Trading AssetsForex 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 spreadFrom 0.8 pips
✔️ Demo AccountYes
☪️ Islamic AccountYes

 

✔️ Pros❌ Cons
Plus500 has subsidiaries in several regions, each well-regulated by prominent market regulatorsThere are inactivity and currency conversion fees
Commission-free trading is offeredThe guaranteed stops are available at an additional charge
There are no deposit or withdrawal fees chargedThere are restrictions on retail traders from some regions
There is a range of markets offered, with over 2,000 financial instrumentsRestrictions on the maximum leverage
There is prompt and helpful 24/7 customer support availableKenyans are not provided with a KES-denominated account and KES deposits/withdrawals are not supported
There are trading guides offered to beginnersThere are limitations to the trading strategies that Kenyans can use
Advanced Kenyan traders can expect innovative products, market news, and insights
Client fund security can be guaranteed

 

Trust Score and Kenyan Market Share

🥇 Plus500 has a high trust score of 99% but does not dominate the Kenyan market share.

6. eToro

Overall Rating

Min Deposit

USD 50 / 5780 KES

Regulators

CySec, FCA 

Trading Desk

None

Crypto

Yes

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 and 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

FeatureInformation
⚖️ RegulationCySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, SIPC.
📱 Social Media Platforms• Instagram
• Facebook
• Twitter
• YouTube
• LinkedIn
💻 Trading AccountsOne Standard Live Trading Account with the option for Retail and Professional
📊 Trading PlatformeToro proprietary platform
💰 Minimum Deposit23,000 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 spread0.0 pips
✔️ Demo AccountYes
☪️ Islamic AccountYes

 

✔️ Pros❌ Cons
eToro has a strict and solid regulatory frameworkThere are limitations on leverage for retail traders
Client fund safety is guaranteed and there is consumer protection offeredThere is a limited selection of retail investor accounts
eToro offers commission-free tradingFixed spreads are not offered
There are over 2,000 complex instruments that can be tradedThe spreads are not the tightest
The broker offers several trading opportunities and a social trading featureThere is a high minimum deposit on the Islamic Account
There is an award-winning proprietary platform offeredThere is an inactivity fee charged on dormant accounts
eToro offers 24/6 dedicated customer services
eToro offers a demo account and an Islamic Account
Algorithmic trading and margin trading supported
Real time quotes are offered alongside a wide range of benefits
The mobile app is secure and features robust security such as two-factor authentication
The app can be used as a wallet app for digital currencies
Offers several resources that help traders make improved financial decisions with confidence
Offers several helpful tools and services as a solid basis for investment decision along with investment advice
Provides access to several popular cryptocurrencies that can be traded and crypto staking services
There is a comprehensive portfolio management service and popular investor program offered

 

Trust Score and Kenyan Market Share

🥇 eToro has a high trust score of 81% and a market share of <5% in Kenya.

7. FXTM

Overall Rating

Min Deposit

USD 10 / 1156 KES

Regulators

CySec, FSCA 

Trading Desk

MetaTrader 4 and MetaTrader 5

Crypto

Yes

Total Pairs

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

 

Overview

👉 Overall, FXTM is considered low-risk and is one of the world’s fastest-growing and finest forex brokers. FXTM or Forex Time was founded in 2011, and due to its concentration in Africa and Asia, the company grew rapidly throughout Europe and beyond in a short period.

 

👉 FXTM offers three different retail trading accounts namely a Micro Account, Advantage Account, and Advantage Plus Account.

 

👉 FXTM offers solid trading conditions and extensive instruction are its foundation, and they provide trading solutions and services to the world, regardless of the trader’s experience, via their accessible trading across the globe.

 

Unique Features

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

 

✔️ Pros❌ Cons
FXTM is a multi-regulated and award-winning forex brokerInactivity fees are charged on dormant accounts
There is a dedicated customer support team availableFXTM does not offer its services to United States clients
There are several easy and quick funding and withdrawal methods offered
There are three dynamic retail investor accounts to choose from with high maximum leverage ratios
Low minimum deposit requirements and commission-free trading offered
Deposit fees are not charged on any of the payment methods offered and the processing times on withdrawals are quick
There is a selection of educational tools offered and research tools for experienced traders
There is dedicated customer support offered in multiple languages

 

Trust Score

🥇 FXTM has a high trust score of 93% and although it does not have an extremely high market share in Kenya it is a popular broker suited to Kenyans.

How to choose a Micro Currency Trading Platform 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 Micro Currency Trading Platform in Kenya

👉 In this article we have listed the best Forex brokers which classify as Micro Currency Trading Platforms operating in Kenya. We have further identified the forex brokers that offer additional services and solutions to Kenyan traders.

 

Best Micro Currency Trading MetaTrader4 / MT4 Forex Broker in Kenya

Best Micro Currency Trading 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 Micro Currency Trading MetaTrader5 / MT5 Forex Broker in Kenya

Best Micro Currency Trading 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 Micro Currency Trading Platform for BEGINNERS in Kenya

Best Micro Currency Trading Platform for BEGINNERS in Kenya

👉 Overall, eToro is one of the best Micro Currency Trading Platforms s 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 Micro Currency Trading Minimum Deposit Forex Broker in Kenya 

Best Micro Currency Trading 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 Micro Currency Trading ECN Forex Broker in Kenya 

Best Micro Currency Trading 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.

 

Best Micro Currency Trading Islamic / Swap-Free Forex Broker in Kenya

Best Micro Currency Trading 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 Micro Currency Trading Forex Trading App in Kenya 

Best Micro Currency Trading 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 Micro Currency Trading KES Trading Account Forex Broker in Kenya

Best Micro Currency Trading 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 Micro Currency Trading Lowest Spread Forex Broker in Kenya

Best Micro Currency Trading 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 Micro Currency Trading Nasdaq 100 Forex Broker in Kenya

Best Micro Currency Trading 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 Micro Currency Trading Volatility 75 / VIX 75 Forex Broker in Kenya

Best Micro Currency Trading 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 Micro Currency Trading NDD Forex Broker in Kenya

Best Micro Currency Trading 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 Micro Currency Trading STP Forex Broker in Kenya

Best Micro Currency Trading 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 Micro Currency Trading Sign Up Bonus Broker in Kenya

Best Micro Currency Trading 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.

Understanding how the Micro Currency Trading Platform works

👉 Micro trading is currently one of the most popular techniques of speculating, and it is attracting a rising number of traders all around the world.

 

👉 Trading on the Forex using a micro-account is known as micro trading. Forex micro-accounts are similar to mini-trading accounts in that they allow investors to trade lesser sums than regular trading accounts allow.

 

👉 Micro-trading essentially allows you to speculate on currencies and their exchange rates with lower transaction quantities, i.e. a fraction of what is generally achievable with regular Forex trading accounts. The profits, of course, are smaller as well.

 

👉 Because the micro-trading approach is a little more delicate, it is best suited for experienced investors who are familiar with the markets and their operation, as well as online trading.

Advantages of Micro Currency Trading Platforms

👉 Advantages of Micro Currency Trading Platforms s include:

➡️ Individual investors who are unfamiliar with the fundamentals of online trading and the foreign exchange market might consider micro currency trading.

➡️ Because the activities and transactions offered are tiny in scale, they do not transit through the interbank foreign exchange market.

➡️ The Forex broker with whom you opened your micro-trading account is in charge of monitoring the market on which your orders are executed.

➡️ Brokers may offer various types of trading at a lower cost and risk because they have the means to shield themselves from the dangers. As a result, they can offer very reasonable spreads and rates in the face of highly fierce competition.

Disadvantages of Micro Currency Trading Platforms

👉 There could also be some drawbacks to trading with Micro Currency Trading Platforms:

➡️ Brokers pay a rate for open positions outside market opening times. Profits and performance are affected. To avoid this, trade just during opening hours or compare broker fees across platforms.

Conclusion

👉 Overall, trading through Micro Currency Trading Platforms can give high rewards to Kenyan traders when proper research is done on Micro Currency Trading Platforms. To trade with the Micro Currency Trading Platform, traders should have a good trading plan and risk management strategy in place.

FAQ

What is micro currency trading?

Brokers offering micro currency trading are companies that offer live trading through 1,000 units of the base currency or asset. A trader can speculate on a price rather than trading a full unit, as the initial balance is smaller and the capital requirement is lower, which reduces risk.

 

Why would a trader choose to trade in micro currency?

Micro currency trading is popular with starting traders since it allows them to trade without a large investment. Micro currency trading platforms are used to test algorithms, robots, and strategies in a real setting with little risk.

 

What can you trade on a micro account?

With a micro account, a trader can trade with a contract size of 1000 units of currency.

 

How much is 1 lot in a micro account?

They’re 1,000 units of account-funding currency. If your account is funded in U.S. dollars, a micro lot is $1,000 in base currency.

 

How many pips is a micro-lot?

A micro lot is 1,000 units of base currency and equates to $0.10 per pip movement.

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.

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