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7 Best Stock Trading Apps in Kenya

7 Best Stock Trading Apps in Kenya

The 7 Best Stock Trading Apps in Kenya revealed. We tested and verified the best stock trading apps for Kenyan Traders.

This is a complete list of stock trading apps in Kenya.

In this in-depth guide you’ll learn:

  • What are stock trading apps?
  • Who are the best stock trading app forex brokers for Kenyans?
  • Our recommended stock trading apps for Beginner Traders.
  • How to choose a stock trading app – Compare them side by side by best leverage, low minimum deposits, and much more. 
  • Which broker offers CFD trading?
  • Which is the #1 best low bandwidth trading app for Kenyans?
  • Which stock trading app offers a sign-up bonus for first-time traders?


And lots more…

So if you’re ready to go “all in” with the best-tested stock trading apps for Kenyans

Let’s dive right in…

10 Best Forex Brokers in Kenya

#1

$100

Minimum Deposit

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#2

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

$100

#3

CySEC, FSA, FCA, FSC, FSCA, CMA

$10

#4

FSA, CySEC, FSCA, FSC

$1

#5

FSC, DFSA, CySEC, ASIC, CMA

$5

#6

CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine

$0

#7

FSCA, FSC, FSA

$10

#8

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

$10

#2

$100

Minimum Deposit

#3

$10

Minimum Deposit

#4

$1

Minimum Deposit

#5

$5

Minimum Deposit

#6

$0

Minimum Deposit

#7

$10

Minimum Deposit

#8

$10

Minimum Deposit

#9

$5

Minimum Deposit

#10

$5

Minimum Deposit

Updated : July 10, 2023

Best Stock Trading Apps in Kenya

🥇 Broker✔️ IOS Trading App?✔️ Android Trading App?💵 Minimum Deposit in KES👉 Open Account
1. TD AmeritradeYesYes$0 (0 KES)👉 Open Account
2. Fidelity InvestmentsYesYes$0 (0 KES)👉 Open Account
3. IBKRYesYes$0 (0 KES)👉 Open Account
4. AcornsYesYes$1 (119 KES)👉 Open Account
5. StashYesYes$0 (0 KES)👉 Open Account
6. SoFiYesYes$0 (0 KES)👉 Open Account
7. E*TRADEYesYes$500 (59,500 KES)👉 Open Account

7 Best Stock Trading Apps in Kenya (Updated 2024)

  1. TD Ameritrade – Overall, Best Stock Trading App Broker in Kenya
  2. Fidelity Investments – Top Forex Broker For Beginner Traders
  3. IBKR – Verified Low Minimum Deposit Broker in Kenya
  4. Acorns – Top Kenya Shilling Account Broker
  5. Stash – Best Trading App for Any Experience Level
  6. SoFi – Best Sign-Up Bonus Trading App Broker
  7. E*TRADE – Top ECN Broker in Kenya

Why are Stock Trading Apps a must-have for Kenyans?

👉 If you want to invest in the stock market, your initial point of interaction with the market will be your stock market app for Android or iOS. These applications provide access to both your sample account and the stock market.

 

👉 You can easily examine stocks, monitor stock prices, and even tailor your buy and sell orders with GTTs, stop losses, and target triggers.

 

👉 Several applications provide users with a multi-asset watch list that allows them to follow the performance of numerous assets, such as equities and mutual funds, enabling them to better determine entry and departure opportunities.

 

👉 Mobile applications for the stock market have come a long way, and they continue to get smarter, quicker, and better.

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

👉 Despite its prominence in the modern period, TD Ameritrade has been a pioneer in the brokerage industry from its inception in the 1970s, when it was founded as a mail-order brokerage.

 

👉 TD Ameritrade is a leading online stock broker because of its many attractive features, including its convenient customer service, extensive stock trading research, zero-balance account requirements, and low commission rates.

 

👉 The firm entered its contemporary age in 1996 when it merged with TransTerra, a provider of electronic trading platforms.

 

👉 Similarly, the succeeding years of the dot-com boom witnessed a significant increase in internet trading, and Ameritrade benefited from these developments in technology.

 

👉 The next decade or so saw tremendous growth for the corporation because of both internal expansion and strategic acquisitions. It was rebranded as TD Ameritrade when Ameritrade bought TD Bank’s U.S. brokerage division in 2006 and gave TD Bank a 40% share in the company.

 

👉 When TD Ameritrade bought the thinkorswim trading software firm in 2009, it became the foundation for the trading platform it now provides to active customers.

 

👉 In recent years, TD Ameritrade has faced significant changes, starting in 2017. In 2017 TD Ameritrade purchased Scottrade, a significant rival, and in 2020 TD Ameritrade was bought over by Charles Schwab, another prominent name in the investment and stock trading industry.

 

👉 Currently, TD Ameritrade has its own platform, but Charles Schwab has plans to incorporate it into its own platform eventually. Investors are impressed by the broker’s mobile app, and the mobile software is incredibly feature-rich, and it is compatible with iOS, Android, and Windows devices.

 

👉 Customers can use their smartphones or tablets to access streaming data, make mutual fund investments, trade equities and sophisticated options contracts, and more. In 2023, TD Ameritrade Mobile has become one of the most popular stock trading applications available.

 

👉 This is attributable to how pleasant your trading experience will be inside the app and how little it will cost you to make a trade, as well as the minimal minimums and transaction costs.

 

👉 Most transactions at TD do not have any commissions or other costs associated with them, and there is no minimum deposit required to start an account.

 

👉 The app’s user interface is intuitive and well designed, making account management a breeze. There is a wealth of helpful trading education resources available inside the TD Ameritrade Mobile app. Investment education resources are included at no additional cost in your account.

 

👉 You could utilize TD Ameritrade to create a variety of investment accounts, from a standard brokerage to a trust account, which is a major benefit. In addition, you could easily use a single app for all your investment needs.

 

Fees and Account Minimums

➡️ No Minimum Deposit Required

➡️ Zero Commissions on Stocks, Exchange-Traded Funds (ETFs), and most mutual funds.

➡️ Commissions of $0.65 charged on options

 

Pros and Cons

✔️ Pros❌ Cons
TD Ameritrade is a trusted online brokerage that accepts all types of investors and traders

TD Ameritrade does not offer any fractional shares

There is no minimum investment required when registering for an account


There are high margin rates

The broker offers a wide range of guides and training for educational purposes

There is a powerful web-based platform and mobile version with a customizable dashboard, custom alerts, real-time data, and advanced charting tools


There are several retail investor accounts to choose from

TD Ameritrade is one of the most reputable brokerage firms with strict regulation in the US

In addition to a wide range of investment options, TD Ameritrade also offers crypto trading

2. Fidelity Investments

Overall Rating

Min Deposit

$0 / 0 KES

Regulators

SEC, FINRA

Trading Desk

TraderPro

Crypto

Yes

Total Pairs

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

Overview

👉 Fidelity is a major financial intermediary because of the almost $10 trillion in assets it oversees. There are several reasons why its product was included in our top selection of trading applications.

 

👉 The ease with which the app facilitates all your investment needs is one such advantage. You may establish a variety of accounts with the firm, including standard brokerage and retirement accounts, 529 plans and other vehicles for saving for future school costs, and more.

 

👉 Regardless of why you are putting money away, Fidelity can assist. Fidelity is also great for novice traders because of how user-friendly it is.

 

👉 Fidelity’s mutual funds do not have any account minimums or investment limitations. You may construct a diversified portfolio free of investing costs by taking advantage of the firm’s zero-expense-ratio index funds.

 

👉 The program is simple to use if you just want to trade single stocks. Due to the availability of trading in fractional shares, it is now possible to purchase thousands of stocks or ETFs for as little as $1.

 

👉 The popular mutual funds offered by Fidelity are known for their excellent performance histories and reasonable prices. Fidelity’s own well-regarded funds can be purchased online without paying a commission.

 

👉 Fidelity is among the few brokerages that provide clients access to foreign marketplaces. Kenyans can easily trade 25 marketplaces and 16 currencies, albeit certain exchanges may have greater fees than others.

 

👉 Fidelity is one of the few large brokerage houses that facilitate the purchase and sale of fractional shares of stock via a product it dubs “Stocks by the Slice.”

 

👉 Kenyan investors can place orders for as little as $1 per stock or ETF, or an exact dollar amount or fractional share size (down to three decimal places in many circumstances).

 

👉 In other words, Fidelity will allow you to acquire as little as a single share of Amazon.com stock as you choose.

 

👉 Both the iOS and Android versions of Fidelity’s app are well-received by investors thanks to the program’s flexibility in meeting clients’ many account management requirements on the move. The latest app store rankings are shown below.

 

Fees and Account Minimums

➡️ There is no minimum deposit with Fidelity.

➡️ There are no commissions on stocks, ETFs, or a range of Mutual Funds.

➡️ Traders pay $0.65 per contract when they trade options.

 

Pros and Cons

✔️ Pros❌ Cons
Fidelity Investments is well-regulated and has a good trust scoreMetaTrader platforms are not supported
Member of the FDIC and the Securities Investor Protection Corporation (SIPC)
There is no Forex, CFD, or crypto trading offered
There is a wide range of investment options offered across several financial marketsThere are limited funding options
There are several account types to choose from, each suiting different investors and tradersThe account opening process can be time-consuming
There are many advanced trading tools offered on the website, trading platform, and mobile appTo get the best account benefits, traders must make larger deposits
Powerful proprietary trading platform offeredManagement fees and a contract fee applied
Competitive trading conditions for cost-effective trading and investing
Offers advanced research options and some educational material

3. IBKR

Overall Rating

Min Deposit

$0 / 0 KES

Regulators

SEC, FINRA

Trading Desk

TraderPro

Crypto

Yes

Total Pairs

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

Overview

👉 Some investors choose overly aggressive trading strategies that include frequent purchases and sales of assets. This kind of day trading may be a potentially successful but high-risk endeavour.

 

👉 The ability to carry out trading activities from the palm of your hand, wherever you may be, is made possible by a robust stock trading app.

 

👉 Kenyan traders like these will find a home at Interactive Brokers, which caters specifically to the needs of active traders. You can trade stocks and options using more than a hundred different order types and increase your profit potential by using margin.

 

👉 Depending on the kind of deal, the charge might range from zero cents to one percent of the total value of the shares being exchanged.

 

👉 The app’s access to Thomson Reuters Refinitiv’s analysis and investment research gives active traders an advantage over the competition and facilitates the discovery of suitable investment possibilities. In addition, there are other resources for study and analysis.

 

Fees and Account Minimums

➡️ There is no set minimum deposit.

➡️ The Fees range from $0.0 to $0.5 per share traded.

 

Pros and Cons

✔️ Pros❌ Cons
IBKR offers Kenyans a range of order options via its innovative mobile app.IBKR is not a user-friendly broker for complete beginners with no prior trading experience or exposure.
The mobile app is home to some of the best research tools.
The IBKR app was designed with experienced, high-frequency stock traders in mind.

4. Acorns

Acorns

Overview

👉 Acorns is designed for those who are not interested in actively managing their investments and have never done so previously. Acorns, along with round-up saves and Robo-advisors, offers a convenient way to invest lesser amounts of money and let it accumulate over time.

 

👉 Acorns is the perfect app for you if you want to invest your spare change without any difficulty. Acorns is a simple investment service that automatically invests your spare change into a low-risk portfolio, and it just requires access to your checking account to get started.

 

👉 Acorns’ monthly fees are $1 for taxable accounts, $2 for adding IRAS, and an Individual Retirement Account (IRA) for a total of $3 per month.

 

👉 Students and those who do not wish to monitor their investments often can benefit from using Acorns.

 

👉 However, Kenyans must remember that unless they open a tax-free investment account, any profits they get from their portfolio will be subject to taxation.

 

Fees and Account Minimums

➡️ There is a $1 fee applied to all taxable accounts and $2 to add an IRA to the portfolio.

➡️ In addition, those who have an IRA will pay $3 for account maintenance.

 

Pros and Cons

✔️ Pros❌ Cons
Acorns is a user-friendly app with extremely low fees.There is a small investment portfolio that is based on automated mutual funds.
There is no account minimum.
The app provides a comprehensive Robo-advisor model for beginner traders who have never been exposed to the financial markets.

5. Stash

Stash

Overview

👉 The Stash app is fantastic for first-time investors. There is no minimum to open an account, but monthly subscriptions could be charged and can cost between $3 and $9.

 

👉 In addition to the monthly membership price, Stash customers may be subject to additional fees from Stash and/or its custodian.

 

👉 Brandon Krieg, CEO of Stash, set out to create an enlightening investing software that simplified access to financial services for everyone. There was to be no need for prior knowledge or experience in finance.

 

👉 There are 400 ETFs available on the marketplace (ETFs), and to determine your “investment personality type,” the service will have you fill out a questionnaire. Stash educates you on the investments you make and the methods you may use to maximize your returns.

 

👉 In the end, it will classify you as a cautious, moderate, or risk-taking investor based on your responses. After that, you will be presented with a list of investment options tailored to your profile.

 

👉 Stash also allows you to create a personalized portfolio based on your values. If you believe that the growth of renewable energy is important, you may put your money into firms that are at the forefront of this movement.

 

Fees and Account Minimums

➡️ There is no account minimum.

➡️ The fees that Kenyans can expect range from $3 to $9 per month.

 

Pros and Cons

✔️ Pros❌ Cons
Stash does not impose an account minimum.There is an inherent lack in investment management and personalized human guidance.
Kenyans can expect superior automated guidance and a wide range of educational materials.The fee ratio is much higher when Kenyans invest lesser amounts of capital at a time.
Traders can trade fractional shares, set a schedule, round up their investments, and more.

6. SoFi

Sofi

Overview

👉 There are no trading fees or account minimums with SoFi Active Investing, and the mobile app is top-notch. Only a select few brokerages allow customers to purchase fractional shares of stock, and SoFi is one of them.

 

👉 Subsequently, Kenyans can expect to spend as little as $5 to acquire a fraction of a share of stock. In other words, investors do not need a huge sum of money to get started, and they could put their money to work in companies with high share prices.

 

👉 When using the SoFi Invest platform, an individual may purchase and sell equities, as well as cryptocurrencies, around the clock.

 

👉 Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and a few more prominent cryptocurrencies are all on sale right now. The company’s long-term goal is to support a wide variety of digital currencies.

 

Fees and Account Minimums

➡️ There is no fee on stocks or ETF trades.

➡️ When Kenyans use SoFi to trade crypto, there is a 1.25% market=up added.

 

Pros and Cons

✔️ Pros❌ Cons
There are no commissions charged on stocks or ETFs.There are no options for trading stocks and no mutual funds.
The account minimum is extremely low.
SoFi offers one of the best mobile apps in the industry for stock trading.

7. E*TRADE

E*TRADE

Overview

👉 The convenience of mobile trading software for making trades and managing accounts on the move is a big draw for many investors, but for others, having a helping hand is more important.

 

👉 While attracting long-term investors with no-transaction-fee trading on hundreds of mutual funds, E*TRADE’s various trading platforms and $0 online stock and ETF fees are a boon to active stock and options traders.

 

👉 To help you out with your investing at a moderate cost, E*TRADE has created its Core Portfolios. If you want to start an account with E*TRADE, you will need to provide the broker with some information about your investment objectives.

 

👉 The software will use that data to create a customized portfolio and take care of your day-to-day money management needs.

 

👉 When utilizing the app, all you must do is determine when to deposit or withdraw money. Additionally, you may revise your objectives and rebalance your portfolio as required.

 

👉 In addition, E*TRADE’s modest costs, at 0.30 percent of your invested assets, are what set it apart from the competition.

 

Fees and Account Minimums

➡️ There is a minimum deposit of 500 USD / 59,500 KES.

➡️ The average fees that Kenyans can expect start from 0.30%.

 

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

How to choose the Best Stock Trading App in Kenya

How to choose the Best Stock Trading App in Kenya

👉 There has been a dramatic increase in the volume of stock transactions conducted online due to the proliferation of smartphones over the last decade. The advent of investment applications has been a major factor in this shift.

👉 In addition, the internet stock brokers that make them available have provided the public with unprecedented access to the financial markets.

 

👉 However, it might be challenging to determine which stock trading software is ideal for you if you are just starting out. That question can be answered with the aid of this manual.

 

The Type of Investor or Trader You Are

👉 Most Kenyan investing apps aim to include features that are useful to both novice and seasoned traders. Products and services needed by the two groups typically overlap significantly.

 

👉 However, more experienced investors, especially those who want to trade often, will often seek out certain resources that a novice investor would overlook. Therefore, you must choose a stock trading app that is suitable for your specific skill set.

 

Beginner Traders

👉 Newer investors are more likely to benefit from a user interface and software that are intuitive and easy to use.

 

👉 To avoid being confused by pages of graphs, ratios, and data that you do not understand. Therefore, you must have a clear understanding of what it is you are purchasing and gaining access to.

 

👉 If you are navigating the app by scrolling or swiping and you are confused about what you see or what the numbers on the screen represent, you should not use the app.

 

👉 This does not mean such features are unnecessary or should not be included in the app. In contrast, if they are prominently featured in an app, it usually indicates that the firm is aiming for more affluent investors or day traders.

 

👉 More importantly, this highlights the need for instructional material and research tools aimed at new investors. A corporation may provide a superior service for novice investors since they have more resources dedicated to educating you on how to invest.

 

Experienced Traders

👉 As a seasoned investor, you have a good idea of what you need in terms of data, analysis tools, and trading platforms. The best course of action is to assess your requirements and then choose the most suitable investing app appropriately.

 

👉 However, it is also uncommon to find that it is simpler to utilize trading applications when paired with other data sources or other research tools.

 

👉 In this instance, you might like to select a basic investing app for trade execution and rely on other resources for making investment decisions.

 

Active or Passive Investors

👉 Instead of dividing Kenyan investors into active or passive, there should instead be a division between long-term investors and those seeking short-term profits. Kenyans who are short-term investors must evaluate the trading app’s analytical tools, price feeds, and more.

 

👉 In contrast, long-term Kenyan investors can evaluate fundamentals and other metrics that indicate the long-term outlook of a company and their stock.

 

The Range of Assets

👉 The quality of an investing app is irrelevant if it does not provide access to the securities you want. You may just invest in stocks, or you could combine it with other activities. A plethora of investments is a hallmark of the top financial planning applications.

 

👉 If the investing software you are using only allows you to invest in one sort of asset class, it might be irritating if you change your mind and wish to purchase a different form of asset in the future. To that end, before committing to any app, you should verify that it supports the assets you want to trade.

 

Fees

👉 There are costs associated with using any investing app. On the other hand, not all businesses have the same prices, and some might charge more. You should pay close attention to fees since they will eat away at your assets over time. The most important ones to watch out for are the ones listed below.

 

Monthly or Annual Investment Fees

👉 Some brokers could charge you a monthly fee for maintaining your account, while others will charge you a yearly cost. This kind of charge goes by a variety of names, including custodial cost and platform fee.

 

👉 The key difference is whether you pay a flat monthly cost or a fee according to the size of your portfolio. As an alternative, you might pay a percentage of your portfolio’s worth.

 

👉 This cost may seem reasonable at first, but keep in mind that it will balloon as your portfolio expands. A charge, on the other hand, is fixed and will not change no matter how much or little your portfolio is worth.

 

Commissions

👉 The cost of using certain investing apps may accrue with each transaction. Commissions on trades are what people usually mean when they use this term.

 

👉 Unlike with other applications, you will not have to pay a commission when trading with others. While it may seem like an easy decision not to work with a broker that charges commissions, brokers may provide a service for which you would be willing to pay.

 

Minimum Deposits

👉 Apps, brokers, and trading platforms may have set minimum deposits while others are more flexible in their offering. Several investment brokers allow Kenyans to deposit any given amount of capital when they register a trading account.

 

👉 However, while this may seem like a bonus, Kenyans must remember that there might be margin requirements on certain trades and where margin trading is not offered, the account minimums can be extremely high.

 

Deposits and Withdrawals

👉 When weighing your options for the finest trading software, consideration of payment methods may seem peripheral. With a sluggish and unreliable payments service, it might take a long time for funds to enter and leave your account.

 

👉 You should always have some cash on hand in case of an emergency but doing so may prevent you from taking advantage of profitable investment opportunities or meeting other pressing financial needs.

 

👉 Kenyans should evaluate whether the app supports popular payment methods like Apple Pay, M-Pesa and other mobile money solutions, Google Pay, and different banking interfaces.

 

Customer Service

👉 Ensure that the stock trading software you choose has outstanding customer support. In an ideal world, the app would provide access to customer service representatives. Typically, this is possible via a live chat option.

 

Tools and Research

👉 You should consider the mobile stock platform and keep in mind that chart reading software is still required if you only trade using a mobile device. Therefore, it is essential to determine whether the program has technical indicators and other chart-reading skills.

 

👉 If you are new to mobile stock trading, you should choose an application with instructional information. This includes essential trading technique manuals and explanatory materials, as well as periodic webinars. This can all be viewed using the provider’s default app.

 

👉 If you want to comprehend the stocks on the platform, you must examine the information supplied by the stock research tools. The top stock research tools and websites will give you useful data for evaluating companies and making investing decisions.

 

👉 This can contain real-time data, tools for stock research, and other resources. However, it is not necessary to mention such specifics. Instead, they may do in-depth research and present a rationale for why the company should be included in your portfolio.

 

👉 Regardless of the offered facts, you should be able to rely on the stock study and find trustworthy suggestions or data.

 

Overall Usability, design, and functionality of the Stock Trading App

👉 This may seem obvious, but while searching for the finest trading software, ensure that it is straightforward to use.

 

👉 You will need to be able to deposit, invest, and withdraw money without difficulty. Moreover, a basic app does not always indicate that it is intended for novice investors. Some investing applications may seem hard because they are developed for more experienced traders.

 

Regulation

👉 Verifying the broker’s safety and legitimacy should be your priority when choosing the finest stock app for your needs. In the end, you will be spending real money on the app. Therefore, you should use caution while making your selection.

 

👉 A stock app is only something you should use if it has been licensed by a reputable licensing organization. Look for a global stock broker app that is registered with a financial regulator such as the CMA, FCA, ASIC, or CySEC.

 

👉 That way, you know you are dealing with a trustworthy stock exchange while buying and selling shares. Having a dedicated brokerage account ensures that your money is kept entirely separate from the broker’s finances.

 

Useful additional features

👉 The rise of mobile investing applications is fantastic since it has made available services that just were not feasible even a few decades ago.

 

👉 Certain extras could be helpful when determining which app to use, but they are not always essential. This could include, but is not limited to:

➡️ Web-based software — It might be difficult to keep track of all your financial holdings using just a mobile app. A picture of your investments and their performance may be obtained through a web browser application.

➡️ Some investors prefer having a certain amount automatically sent into their account each month and invested in a predetermined manner. Services that automatically deposit funds or invest your money make this possible.

➡️ Categorization of Investments – Even if you just have a modest portfolio, it might be helpful to be able to group your investments by kind or other criteria to have a better handle on them.

The Best Brokers for Trading Stocks in Kenya

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

 

Best MetaTrader 4 / MT4 Forex 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 MT4 forex broker in Kenya. Third-party add-ons for analysing the market and placing trades are readily available via IC Markets’ MetaTrader platform.

 

👉 With the help of IC Markets’ optional, standalone add-ons, MetaTrader becomes a more sophisticated and robust trading platform.

 

Best MetaTrader 5 / MT5 Broker in Kenya

Overall Rating

Min Deposit

USD 5 / 584 KES

Regulators

IFSC, CySec, ASIC

Trading Desk

Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform, cTrader

Total Pairs

70+

Islamic Account

Yes

Trading Fees

No (Just spread) 

Account Activation Time

24 Hours

👉 Overall, XM is the best MetaTrader 5 broker in Kenya. XM is a notable example of a trustworthy market maker because of its low minimum deposit requirements and extensive asset offering on both MetaTrader 4 and MetaTrader 5.

 

Best Forex Broker for beginners in Kenya

Overall Rating

Min Deposit

$0 / 0 KES

Regulators

SEC, FINRA

Trading Desk

TraderPro

Crypto

Yes

Total Pairs

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, Fidelity Investments is the best forex broker for beginners in Kenya. An excellent choice for novice investors is Fidelity Investments. Fidelity provides its customers with minimal commissions and fees, as well as substantial educational resources and trustworthy customer service.

 

Best Low Minimum Deposit Broker in Kenya

Overall Rating

Min Deposit

USD 1 / 116 KES

Regulators

IFSC, FSCA (South africa), ASIC, CySEC

Trading Desk

MetaTrader 4, MetaTrader 5, FBS Trader – all in one mobile trading platform.

Crypto

Yes

Total Pairs

Islamic Account

No

Trading Fees

Low

Welcome Bonus

$140 (16 373 KESFind out More)

Account Activation Time

24 Hours

👉 Overall, FBS is the best Low Minimum Deposit Broker in Kenya. FBS provides Kenyan investors with access to a diverse suite of trading products and a robust and feature-rich mobile trading platform. FBS allows traders to get started with a little initial investment and provides a no-deposit incentive.

 

Best ECN Forex Broker in Kenya

Overall Rating

Min Deposit

USD 10 / 1156

Regulators

IFSC

Trading Desk

Meta Trader 4

Crypto

Yes

Total Pairs

32

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, RoboForex is the best ECN forex broker in Kenya. RoboForex offers superior ECN trading accounts and the minimum deposit to sign-up is 1,100 KES. RoboForex is also known for its fast and reliable execution speeds.

 

Best Islamic / Swap-Free Broker in Kenya

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

👉 Overall, AvaTrade is the best Islamic / Swap-Free broker in Kenya. AvaTrade meets all Muslim traders’ needs for halal trading.

 

👉 In addition to its competitive trading conditions and a wide variety of financial instruments across many asset classes, AvaTrade also boasts a total of over 1,260 instruments.

 

Best Forex 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 forex trading app in Kenya. The TD Ameritrade mobile trading software stands out because it is both more user-friendly and more feature-rich than the desktop version.

 

👉 When trading on the go, you will find that the menus and choices offered by the TD Ameritrade ap are both logically laid out and easy to use.

 

Best KES Trading Account Broker in Kenya

Overall Rating

Min Deposit

USD 0 / 0 KES

Regulators

CMA, CySEC, FSC, FSCA

Trading Desk

MetaTrader 4 and MetaTrader 5, HFM Trading App 

Crypto

No

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, HF Markets is the best KES Trading Account Broker in Kenya. When it comes to STP and ECN brokers, HF Markets is one of the finest options for Kenyans because of its KES-denominated account and acceptance of local payment methods.

 

👉 Because of the CMA’s oversight, HF Markets can provide its services to international traders. Traders know they are being treated fairly by HF Markets because of this policy.

 

Best Lowest Spread Forex Broker in Kenya

👉 Overall, HYCM is the best lowest spread forex broker in Kenya. With HYCM, trading on the MetaTrader platform is simple.

 

👉 The HYCM Raw account’s total charge is around 0.6 pips, which is on pace with other providers’ fees for trading the EUR/USD (after commission).

 

Best Nasdaq 100 Broker in Kenya

Overall Rating

Min Deposit

USD 20 / 2330 KES

Regulators

CYSEC, ASIC, FCA and NBRB licence Seychelles coming soon

Trading Desk

Market maker

Crypto

Yes

Total Pairs

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, Capital.com is the best Nasdaq 100 broker in Kenya. Given the breadth of markets available, Capital.com stands out as the top CFD broker for Kenyans. The Nasdaq is among the more than 3,000 stock CFDs available to Kenyans.

 

👉 In addition to offering some of the finest spreads on currency and shares, Capital.com is renowned for its low-cost commission-free trading.

 

Best Volatility 75 / VIX 75 Broker in Kenya

👉 Overall, Saxo Bank is the best Volatility 75 / VIX 75 broker in Kenya. If you are a professional in Kenya and are interested in trading the VIX, Saxo Bank is your best bet. Traders can easily and quickly make deposits and withdrawals at no cost at Saxo Bank.

 

Best NDD Broker in Kenya

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

👉 Overall, Pepperstone is the best NDD forex broker in Kenya. Because Pepperstone is a Straight Through Processing (STP) broker and for most trading products, the spreads that this broker offers are among the most competitively priced in the industry, starting from 0.0 pips on liquid instruments.

 

Best STP Forex Broker in Kenya

Overall Rating

Min Deposit

USD 10 / 1156 KES

Regulators

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

Trading Platform

MetaTrader 4 and MetaTrader 5

Crypto

Yes

Total Pairs

107

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

👉 Overall, Exness is the best STP forex broker in Kenya. The trading conditions provided by Exness, a multi-currency STP and ECN broker, are among the most favourable in the industry.

 

👉 The customers of MetaTrader-only broker Exness may be certain that their funds are being held in a secure and regulated environment.

 

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. Forex and CFD trading with InstaForex is safe since they are reputable and legit companies. Kenyans who open a live trading account with InstaForex get a $1,000 bonus with no initial investment.

Conclusion

👉 Kenyans can easily trade stocks or just keep a check on their investment portfolio with mobile stock trading applications. Traders can also get assistance with stock selections and take actions to improve their wealth overall with the correct software.

 

👉 Kenyans must consider account minimums and costs, as well as whether the app suits traders with the same trading style, timeframe, and other components before they invest capital.

FAQ

Which stock trading app is the best for beginners?

From our extensive list, Fidelity is one of the best options for beginner traders, attributable to its range of educational materials.

 

Which apps offer free trading?

Apps and brokers alike do not offer free trading. While trading costs can be lowered when trading stocks, these trading providers must collect fees for the service that they provide.

 

Are stock trading apps safe?

Legitimate and well-regulated apps are safe. Overall, mobile platforms have additional layers of security including 2FA, fingerprint recognition, and more.

 

How much money will you need to register a broker account?

Kenyans can register a broker account with capital from 110 KES, depending on the broker.

 

Can I purchase a single share of stock?

Yes, you could. However, depending on your investment strategy, this might not be enough to make profits.

9.5/10 - (24 votes)

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