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10 Best Trading Robots in Kenya

The 10 Best Trading Robots for Auto Traders in Kenya revealed. We tested and verified the forex trading robots for Kenyan Traders.

This is a complete list of trading robots for auto traders in Kenya.

In this in-depth guide you’ll learn:

  • What is a trading robot?
  • How are trading robots used by auto traders?
  • Which trading robots are free to use in Kenya?
  • Which trading robots operate on the MetaTrader 4/ MT4 or MetaTrader 5 / MT5 platform? 
  • Which trading robots have mobile apps?
  • Our recommended Auto Trader Forex Robots for Beginner Trader?
  • How to compare auto trader robots to each other?
  • Which trading robot can you use with a minimum of $5 (593 KES) deposit?
  • Are there any sign-up bonuses offered for first-time users?


And lots more…

So if you’re ready to go “all in” with the best-tested trading robots for auto traders in Kenya…

Let’s dive right in…

Updated : August 31, 2022

What is a Trading Robot?

👉 A forex trading robot is a typical term for algorithmic trading based on a collection of forex market signals that assist determine whether to buy or sell a currency pair at a particular moment.

1. 1000pip Builder System

Overview

👉 1000pip Builder has been assisting traders for several years, and traders have been incredibly pleased by their solid long-term success. The main benefit of 1000pip Builder is that they are dedicated just to providing the finest Forex signals and are not distracted by other services.

 

👉 The findings have been independently validated by MyFXBook, providing consumers with further confidence in the signals’ dependability. As a member of 1000pip Builder, you will get manual signals based on fundamental and technical analysis, supervised by the seasoned professional trader Bob James.

 

👉 Telegram, email, and SMS (for an additional fee) send signals. There are typically two to seven indications each day, and they span all four Forex sessions, so they should be advantageous to traders throughout the globe.

 

👉 When Kenyans sign up for 1000pip Builder, they can choose a monthly option, three months, or 12 months subscription, priced as follows:

➡️ 1 month – $97 / 11,500 KES

➡️ 3 months – $227 / 26,900 KES

➡️ 12 Months – $397 / 47,000 KES

 

Pros and Cons

✔️ Pros❌ Cons
The trading robot has a strong long-term performanceThe signals provided are only for forex
There are independently verified results offered
There are several ways in which Kenyans can receive their signals
There is no minimum account size requirement

2. GPS Forex Robot 3

Overview

👉 Mark Larsen, a well-known forex market developer, invented GPS Forex Robot, an expert advisor. GPS Forex Robot 3 is the software’s most recent upgrade. This forex robot anticipates short-term market moves with a high degree of accuracy, functioning similarly to a GPS navigator — thus its name.

 

👉 The GPS Forex Robot promises to be 98% and with the remaining 2% of instances, a reverse trading method is used to instantly enter a transaction in the opposite direction to cover the little loss.

 

👉 According to the official website, this robot earns private forex traders more than 30% every month. Kenyans who are interested in this trading robot can expect a once-off charge of $149 / 17,600 KES.

 

👉 This purchase provides Kenyans with the trading robot as well as educational material and a 60-day money-back guarantee. In addition, GPS Forex Robot 3 is compatible with most brokers.

 

Pros and Cons

✔️ Pros❌ Cons
GPS Forex Robot was developed by professionals in the industryCustomer Support is sluggish to respond
The purchase price is exceptionally lowThere are some mixed user reviews
The trading robot can be integrated with MetaTrader 4

3. Coinrule

Overview

👉 To trade cryptocurrencies automatically, you may use Coinrule, an automated trading robot that does not need you to know how to code, to choose from over 150 pre-determined trading rules or make your own.

 

👉 The best market indications are sought by this bot, and your money is automatically distributed across the most lucrative cryptocurrency marketplaces, all thanks to this clever bot.

 

👉 With Coinrule, you may set rules for your cryptocurrency portfolio, such as Stop Loss, Price Based Accumulation, and Trend-Following Rebalancing, for a single coin or an entire portfolio.

 

👉 The web-based Coinrule trading bot is compatible with major markets including Coinbase Pro, Binance, and BitMex.

 

👉 There are four distinct account tiers available, with the free Starter account permitting up to $3,000 in monthly transaction volume and the unlimited Pro account costing $449.99 per month or $5,399 per year.

 

👉 In addition, you can use live rules, demo rules, and template strategies while trading with any of the available accounts, and each account type allows you to connect to one or more exchanges.

 

👉 Depending on the type of account you have with Coinrule, you might not have access to advanced features such as:

➡️ Leverage techniques

➡️ Real-time Telegram alerts

➡️ Free membership to the trader community

➡️ Personal training sessions

➡️ TradingView integration

➡️ Sophisticated indicators and operators.

 

👉 The Pro plan also includes a dedicated server and lightning-fast executions. Coinrule has a summer sale going on now where you can save up to 25% on yearly plans.

 

Pros and Cons

✔️ Pros❌ Cons
Coinrule is perfect for algorithmic and auto traders who use crypto exchangesThere are extremely expensive subscription costs
There are several crypto exchanges supported by CoinruleThere is no mobile app provided
There is a free account option offered for Kenyans who want to test out the robot
Coinrule is known for its intuitive interface

4. ForexVPS

Overview

👉 ForexVPS is a virtual private server (VPS) service, not a forex robot or signal generator, designed for automated trading.

 

👉 Traders using automated forex trading software, such as the kind found in MetaTrader 4 or 5, will find the always-on, constantly-maintained servers provided by ForexVPS to be an excellent choice.

 

👉 To function properly, an EA must be online all the time. If the terminal or the internet connection has any issues, you may miss valuable possibilities or lose money.

 

👉 If you have an internet connection, you could use a Remote Desktop to access servers located in datacentres all over the globe. With the help of your broker, you can receive the middle-tier bundle at no additional cost to you.

 

👉 If you make the minimum deposit and average monthly trading volume, your VPS will be free of charge. You will only be charged the shortfall if your monthly volume is below the minimum threshold.

 

👉 ForexVPS also has a latency checker to see how your broker stacks up. The basic service on ForexVPS is $30 per month, while the high-frequency service costs $59 per month.

 

👉 The company offers three different plans, each with a unique pricing structure and set of included features and services.

 

Pros and Cons

✔️ Pros❌ Cons
ForexVPS offers 24/7 support to KenyansThere is a monthly subscription that may cost more than other robots with a once-off or annual subscription
The trade execution speed is prompt and upon testing, trades are executed within a millisecond
The hosting servers are in data centres around the globe
This trading robot is an affordable option
The trading robot is perfect for Kenyans who use Expert Advisors on MT4 and MT5

5. Hedge Forex Robot

Overview

👉 Hedge Forex Robot is a forex trading robot that uses a hedging approach (buying and selling at the same time) and trend analysis to generate profits. With Hedge Forex Robot’s automatic technique, you could expect tremendous gains in your trade.

 

👉 The company claims its FX robot employs a combination of a trend approach and an integrated hedging mechanism to guarantee profitable trades. Hedge Forex Robot is an expert advisor (EA) that uses trend trading and is compatible with MetaTrader 4.

 

👉 Because of its ease of use and configuration, this bot is suitable for both novice and experienced traders. It just takes a few quick minutes to set up. The system is entirely automated and comes with clear, concise instructions.

 

Pros and Cons

✔️ Pros❌ Cons
Hedge Forex Robot is an extremely popular option that is compatible with most brokers that allow hedging strategiesThe bot is quite costly
The trading robot can operate across 8 timeframesThe bot is only compatible with MT4
Set-up and initial use are quick and easy
The robot can be used with most types of stocks and currencies

6. Forex Gump

Overview

👉 You could easily automate your forex trading with the help of Forex Gump, an Expert Advisor designed specifically for that purpose. Forex Gump requires the use of a live or demo MT4 trading account, and you can easily track your performance using this trading bot.

 

👉 Both novice and seasoned traders could benefit from using this Forex robot. To provide you with the finest Forex trading services possible, the Forex Gump employs several filters, including ones based on price activity and news.

 

👉 It provides a high-risk, medium-risk, and low-risk setting to accommodate different traders’ comfort levels and strategies. Although Forex Gump has its benefits, the company’s main website lacks any kind of backtesting functionality.

 

👉 A money-back guarantee and detailed instructions are included. The minimum deposit for a Standard Account is 470,000 KES / $4,000, while the minimum deposit for a Cent Account is 4,700 KES / $40.

 

Pros and Cons

✔️ Pros❌ Cons
Forex Gump offers 24/7 supportThe trading strategy of the robot is not detailed
There is a demo account providedThere is an initial deposit required to access the demo account
Kenyans have access to a 30-day money-back guaranteeThere is limited information on the developer
The trading robot is compatible with MetaTrader 4There is a limit on the currency pairs supported

7. EA Builder

Overview

👉 EA Builder is a web-based application that facilitates the generation of personalized indicators and expert advisors for the MetaTrader 4, MetaTrader 5, and TradeStation platforms with a minimum of effort on your part.

 

👉 Since it is web-based, all you need to get started is a browser that is compatible with it. If you are just starting in the world of Forex trading, you will receive the chance to programme your own indicators and forex robots using this programme.

 

👉 In addition to the software itself, there is also a helpful and straightforward user manual that will walk you through the process of writing code from scratch.

 

👉 An innovative component of this guide is a video lesson designed to get you up and running with the program and all its functions as soon as possible.

 

👉 The free edition of EA Builder has all the features you need to create your own indicators. The premium edition of EA Builder could create sophisticated forex trading robots.

 

👉 This tool could help developers of all skill levels, from novices to veterans, by reducing iteration times and facilitating the creation of binary options trading robots.

 

Pros and Cons

✔️ Pros❌ Cons
EA Builder is compatible with MetaTrader 4, MetaTrader 5, and Trade StationLive customer support is not available
Kenyans need not have experience in programming to develop their own indicators and strategies using EA BuilderThe lifetime access has a once-off payment of $97
The robot has several video tutorials
There are both free and paid versions offered

8. Bitcoin Prime

Overview

👉 Bitcoin Prime is the most effective automated trading platform currently in existence. Bitcoin Prime can instantly trade over seventy-five different CFD pairs. That covers many widely used fiat currencies and cryptocurrency pairs.

 

👉 Subsequently, Bitcoin Prime can locate profitable trading opportunities in almost any market environment. To anticipate price changes, the program utilizes a deep learning system to identify setups and follows the latest cryptocurrency news.

 

👉 Even though there is a $250 minimum deposit for Bitcoin Prime, there are no monthly or annual fees associated with the account. The only time you must pay to use Bitcoin Prime is if you make money since the platform charges a 2% fee on gains.

 

Pros and Cons

✔️ Pros❌ Cons
Kenyans can trade more than 75 crypto CFD pairsThere is a 2% commission applied to profits
The bot allows for trades on crypto market newsThere is currently no mobile app offered
There are no account fees charged

9. Happy Forex

Overview

👉 Without raising the number of trading lots as in martingale, this EA employs the grid technique and reinsurance positions. It makes its entry based on a technical indication and a news filter.

 

👉 Because of its flexible configuration choices, it can be used with several different combinations. It works with any broker that allows up to four spreads.

 

👉 Happy Forex can run on a variety of platforms, including Mac OS, Linux, and Windows. It is MT4-compatible; thus it may be used with Standard, Mini, or Micro accounts.

 

👉 The starting point for a micro account requires a deposit of $1,000 / 115,000 KES, while Mini accounts need a deposit of $10 / 1,100 KES, and Standard accounts require $100 / 11,500 KES.

 

👉 This robot trades around the clock and works with ECN brokers. It may work automatically, detecting auto-quotes of 4 or 5 numbers, without human interaction.

 

👉 Two different versions of Happy Forex are available to buy, and the first one is 299 EUR, while the second one is 499 EUR. The quantity of available licenses is the main differentiating factor. The first offers access to 2 real accounts, while the second gives traders 5 keys to utilize in trading.

 

Pros and Cons

✔️ Pros❌ Cons
Happy Forex offers a choice between packagesThe robot uses grid trading, which might not be advantageous to many Kenyan traders
Kenyans will find that there are elevated levels of transparency
There is an exceptionally low drawdown
There are backtesting and live records available from the developer
There are many positive customer reviews on this trading robot

10. TechBerry

Overview

👉 For seven years, TechBerry has been one of the top specialist consultants in the field of social trading analytics. It is a helpful resource for developing profitable Forex trading strategies by using both big data and AI.

 

👉 Over a hundred thousand real-world trading accounts are analysed to create this one-of-a-kind program. TechBerry enables users to earn respectable returns on their investments. TechBerry’s monthly production of more than 10% dwarfs that of banks and hedge funds.

 

👉 On the social trading platform, there are a variety of subscription choices that protect any losses to your money and using a bespoke plan configurator, can easily calculate your monthly returns.

 

👉 TechBerry gathers trading data from over one hundred thousand trading accounts made public by experienced traders. It then formulates a customized, extremely lucrative technique for social copy trading that is offered to retail traders and large financial institutions.

 

👉 The service charge is derived from the business’s earnings, which range from $19 / 2,200 KES per year for a Green membership to $499 / 59,000 KES for an Infinite plan.

 

👉 TechBerry insures each member against trading-related losses and provides refunds of up to one hundred percent. Subscribers at the Gold tier and above are each given their own dedicated account manager.

 

Pros and Cons

✔️ Pros❌ Cons
The bot is an easy source of income for both retail traders and individualsThe trading bot is only compatible with MetaTrader 4 and MetaTrader 5
There are several subscription options available to KenyansThe application process is time-consuming
Protection against losses provided
The bot can show a steady record of profits of 11.2% since 2015
The trading bot is compatible with over 50 of the best forex brokers and other financial institutions

How to choose the Right Trading Robot in Kenya

How to choose the Right Trading Robot in Kenya

👉 A Forex robot is a piece of trading software that uses complex algorithms to assist the robot to execute profitable trades on its own.

 

👉 The primary goal of these systems is to prevent traders from making rash choices because of their emotions while making trades, whether they be a result of a win or a loss.

 

👉 Because of market volatility, even the most advanced forex trading robots or the most seasoned human forex trader might incur significant losses. The following sections are the key factors to think about while choosing a trading robot in Kenya.

 

Transparency of the Developer/Vendor

👉 A reliable provider never hides the company’s past or how the business came to be what it is now. Check for details like the company’s founding year, physical address, and length of time in business.

 

👉 It is important to know the background and experience of the people working for a firm before deciding to do business with them.

 

User Guides

👉 Many inexperienced traders use forex robots, yet they are frequently misused. Installing software and learning to trade with it is both easier with a comprehensive user guide.

 

👉 Some systems have complex features that the average trader will not be able to handle without training. This issue may be simply fixed by referring to the relevant user guide.

 

Explanation of the Settings and Strategy

👉 Always inquire as to the trading technique used by an automated system before making a purchase. Some methods are more suited to long-term traders, while others provide better results in the short term.

 

👉 The seller must also provide details on the EA’s parameters and how they could be adjusted to accommodate various trading strategies.

 

The Price

👉 Any prohibitively expensive system should be avoided. A dependable system might be purchased for around $1,000 / 115,000 KES, and anything more than this without justifiable reason could be a fraud.

 

Public Trading Stats Statement

👉 Verified live trading outcomes on third-party websites are the backbone of any reliable Forex EA. There is no way for the seller to hide the system’s genuine performance from you in these publicly available accounts.

 

Recommendations

👉 The vendor must indicate a starting balance, expected running time, suggested brokers, and suggested leverage. Not all trading methods are compatible with all brokerages, and those that sometimes need a large initial investment before they can begin to provide a return.

 

User Reviews

👉 You can tell an EA is trustworthy if it gets high ratings from its users. Third-party review sites like Forex Peace Army and Trustpilot are suitable places to seek feedback from actual customers.

 

Drawdown Rate and Recovery

👉 Huge drawdowns might imply high profits, but they can also wipe out an account if they occur too quickly. Even if a robot trades well, it is useless if it loses money on every deal it makes. Drawdown is a crucial measure of vulnerability.

 

👉 The maximum decline in percentage terms since the last peak is shown. If your robot ever gets into problems, this may help you estimate the possible decline in your account balance. The first thing you should do when analysing drawdown is to look at an equity curve chart.

 

👉 A rising curve implies a lucrative robot, whereas a highly volatile robot will show a lot of fluctuations in its performance.

 

👉 A significant drawdown is indicative of a volatile robot that poses a bigger threat. Consequently, using charts that show a flat equity curve is a straightforward way to narrow down the robots.

 

👉 Speed of recovery after a loss is an important metric for any trading strategy (in time or number of trades). As you may have guessed, you must find an EA that can swiftly recover to positive territory after a loss.

 

👉 However, in contrast to riskier robots, less volatile ones will gradually recover from setbacks.

 

Backtesting Features

👉 The finest bots are subjected to extensive testing, including exposure to actual tick data, varying spreads, and slippage in the market.

 

👉 You must examine this backtesting before making a purchase, and real-time data from third-party sites like MyFXBook could assist tell you about the robot’s current performance.

 

Demo Account

👉 You should put a robot through its paces in a simulated setting before committing to using it in the real world.

 

👉 This will give you an idea of how it functions under controlled laboratory settings. However, always consider that these conditions will not be an exact representation of a live trading environment.

 

👉 If the robot you are looking at does not have a trial version, it could be too hazardous to buy it. During the demo, you may observe what settings and parameters are utilized by the robot too and get acclimated to how it operates.

 

Supervision

👉 Keep in mind that every robot needs human oversight. System failures, issues with internet connectivity and catastrophic loss could happen, so while these robots are supposed to perform independently, you will have to interfere at some time.

 

Consider the expected profit per transaction

👉 The anticipated profit (Expectancy) is a statistic that informs you how much you may gain on each deal on average. These numbers are based on past trades and thus cannot be used to predict the future, but they can provide a helpful signal when picking an EA.

 

Risk-Reward Ratio of the Trading Bot

👉 Expert Advisors’ willingness to take on risk is reflected in their evaluation of potential rewards. Typically, if you consider a 5-pip take profit and a 40-pip stop-loss, the EA’s risk-reward ratio will be 8:1, which translates to an 89% success rate to break even.

 

👉 However, some EAs, especially scalping robots, typically have a risk-reward ratio of 15:1 and more. If a bot has a higher risk-reward ratio, it does not guarantee that money will be generated. A trading bot or EA that has a 15:1 ratio and 95% success rate could turn a profit.

 

👉 However, if the success rate reduces to 93%, the EA will lose the trade. Thus, for Kenyans to maximize their profits while simultaneously lowering their losses, you should look for a customizable EA where you can adjust your maximum Stop-Loss and Take Profit Values.

 

👉 Kenyans must note that back-tests must be performed before changing any parameters to ensure that doing so would not compromise the approach.

The Best Brokers in Kenya that allow Trading Robots

👉 In this article, we have listed the best brokers that allow Kenyans to use Trading Robots and auto trading strategies. We have further identified the brokers that offer additional services and solutions to Kenyan traders.

 

Best MetaTrader 4 / MT4 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

Crypto

No

Total Pairs

57

Islamic Account

Yes

Trading Fees

No (Just spread) 

Account Activation Time

24 Hours

👉 Overall, XM is the best MT4 broker in Kenya. The XM Group, known as XM, is a multinational internet trading broker. XM’s traders and investors can choose from a wide variety of trading services, including innovative options that are perfect even for seasoned Kenyan traders.

 

👉 MetaTrader 4 provides Kenyan traders with access to an array of charts, indicators, and other trading resources.

 

Best MetaTrader 5 / MT5 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 MetaTrader 5 broker in Kenya. With AvaTrade’s MetaTrader 5 platform, traders have access to more than 1,260 financial products and over 50 markets.

 

👉 AvaTrade has been in business for 16 years, during which time it has established a stellar reputation and won several industry awards.

 

Best Forex Broker for beginners in Kenya

Overall Rating

Min Deposit

USD 100 / 11560 KES

Regulators

Not Regulated

Trading Desk

Meta Trader 4

Crypto

Yes

Total Pairs

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, MTrading is the best broker for beginners in Kenya. Established in 2012, MTrading has grown to operate out of 10+ locations worldwide, with a clientele of over 250,000 traders and 5,000 partners.

 

👉 Beginner traders will find helpful resources and training on MTrading, and the platform also hosts webinars to provide participants with some practical experience.

 

Best Low Minimum Deposit Broker 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

on Fidelity’s website

👉 Overall, Fidelity Investments is the best Low Minimum Deposit Broker in Kenya. Traders in Kenya may rest easy knowing they are working with a company that abides by all applicable laws and standards when they choose Fidelity Investments.

 

👉 Kenyans can quickly register a trading and investing account using Fidelity’s app for 110 KES, offering them access to a variety of financial markets.

 

Best ECN Broker in Kenya

Overall Rating

Min Deposit

USD 5 / 578 KES

Regulators

FCA UK

Trading Desk

None

Crypto

Yes

Total Pairs

28

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, OctaFX is the best ECN broker in Kenya. OctaFX employs ECN technology to guarantee that 97.5% of orders are completed without any slippage. OctaFX delivers rapid transaction processing rates with a range of trading platforms and decent leverage ratios.

 

Best Islamic / Swap-Free Broker in Kenya

Overall Rating

Min Deposit

USD 1 / 116 KES

Regulators

IFSC

Trading Desk

Metatrader 4

Crypto

Yes

Total Pairs

300

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, SuperForex is the best Islamic / Swap-Free broker in Kenya. SuperForex’s world-class trading and investment services are used in over 150 countries.

 

👉 SuperForex welcomes Muslim traders in Kenya with special Swap-Free Accounts that meet the requirements of halal trading, and they only need a 110 KES initial deposit.

 

Best Trading App 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

$140 (16 373 KESFind out More)

Account Activation Time

24 Hours

👉 Overall, FBS is the best forex app in Kenya. FBS provides more than 75 tradable products throughout its unique trading platform. FBS covers more than 150 countries and shows that there are hundreds of accounts generated on the website every day.

 

Best Kenyan Shilling Trading Account Broker in Kenya

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

👉 Overall, Exness is the best Kenyan Shilling trading account broker in Kenya. Exness provides Kenyans with the option of opening an account denominated in the local currency, the Kenyan Shilling (KES).

 

👉 Traders in Kenya may now deposit and withdraw in their country’s currency without having to pay any additional costs associated with currency conversion.

 

Best Lowest Spread 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 lowest spread broker in Kenya. More than seven million traders are enrolled with InstaForex, making it one of the biggest client bases. InstaForex’s tempting $1,000 no-deposit bonus and variety of trading choices are also available to Kenyan traders.

 

Best Nasdaq 100 Broker in Kenya

Overall Rating

Min Deposit

USD 0 / 0 KES

Regulators

FSCA

Trading Desk

Crypto

Yes

Total Pairs

33

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, Trade Nation is the best Nasdaq 100 broker in Kenya. Trade Nation is a reputable brokerage and trading platform that provides access to the Nasdaq market in the US Technology sector.

 

👉 Trade Nation provides a platform for Kenyans to trade CFDs and Forex with low spreads starting at 0.8 pips on the Nasdaq.

 

Best Volatility 75 / VIX 75 Broker in Kenya

Overall Rating

Min Deposit

USD 0 / 0 KES

Regulators

IGRs

Trading Desk

MetaTrader 4

Crypto

Yes

Total Pairs

80

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

on IG Group’s website

👉 Overall, IG is the best Volatility 75 / VIX 75 broker in Kenya. IG offers over 19,000 instruments that can be traded across several different trading platforms, including MetaTrader 4. Kenyans can use any given trading strategy to trade the VIX 75 index in competitive market conditions.

 

Best NDD 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 NDD broker in Kenya. RoboForex operates a No-Dealing Desk and routes all orders through some of the best liquidity providers. RoboForex offers thousands of trading options and is accommodating with all trading strategies.

 

Best STP Broker in Kenya

Overall Rating

Min Deposit

10 USD / 1156 KES

Regulators

IFSC, MFSC and FSC

Trading Desk

MetaTrader4, MetaTrader5, CopyTrade and cTrader

Crypto

No

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, Axiory is the best STP broker in Kenya. Axiory’s order processing time is less than 200ms because of the broker’s connection to Equinix datacentres. Axiory’s dynamic trading accounts provide you access to many trading venues.

 

Best Sign-up Bonus 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

Crypto

No

Total Pairs

57

Islamic Account

Yes

Trading Fees

No (Just spread) 

Account Activation Time

24 Hours

👉 Overall, XM is the best sign-up bonus broker in Kenya. Tickmill is a popular MetaTrader-only STP and ECN broker that supports algorithmic and auto trading. When Kenyans sign up for a live account and verified their account, they can receive a $30 no-deposit bonus.

Conclusion

👉 In recent years, automated trading has seen significant development. Though they are far from perfect, forex trading robots have advanced to the point that they may begin to play a considerable part in the online forex trading market and employing them may be beneficial to some traders.

 

👉 Kenyans should use caution when selecting a forex robot because of the prevalence of fraud in the business. So, here is a full rundown of the top 10 trading robots available currently.

FAQ

Do Trading Robots work?

They can, but not to make you rich. Most forex robots are effective in that they can execute trades automatically, but they are not perfect and cannot provide consistent profits. Forex traders may utilize them to their advantage to make better trading selections.

 

Can I buy a trading robot?

Yes, you can. You can try out a paid trading robot on the strategy tester for free, or you can rent one for a fixed length of time before you purchase a robot.

 

How much does a forex trading robot cost?

Typically, legitimate robots can range from $20 to $1,000. If a trading robot is more than this, you should make sure that you thoroughly research all aspects that we have covered to make sure that the bot is not a fraud.

 

Is automated trading legal?

Yes, automated trading is legal. While there are no legal barriers to using algorithms in trading, some individuals are concerned about the potential effects of this practice. Thus, while they may have valid concerns, retail traders are not prohibited from using trading algorithms by law.

 

Are trading robots free?

Not all trading robots are free and most require a monthly, annually, or once-off payment or subscription.

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