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How to Buy Shares in Kenya

How to Buy Shares in Kenya revealed. We tested and verified the best way to buy Shares in Kenya.

This is a complete guide on how to buy shares in Kenya. 

In this in-depth guide you’ll learn:

  • What are Shares?
  • How to buy Shares in Kenya? 
  • How to buy shares for beginner traders?
  • Which broker can you use to buy shares?
  • Which broker offers a signup bonus for first-time traders? 
  • Which brokers offer a $5 (592 KES) minimum deposit for investing in shares?
  • How many shares should you buy?


And lots more…

So if you’re ready to go “all in” with the shares for Kenyans…

Let’s dive right in…

Updated : August 31, 2022

Why should Kenyans trade stocks?

Why should Kenyans trade stocks?

👉 Kenya’s Nairobi Stock Exchange (NSE) was established in 1954 and it is small and speculative. The Exchange is the fifth biggest bourse in sub-Saharan Africa with a market capitalization of 17.19 billion USD.

 

👉 Kenyans can generate a profit via stock trading by purchasing and selling shares. Timing the market, other risk variables, and stock mispricing is crucial to stock trading profitability.

 

👉 The timing of the market is a predictive trading method involving the purchase or sale of assets in anticipation of asset price fluctuations. If Kenyans can forecast the price movement of an asset – whether the price will rise or fall – then they can trade to benefit from this speculation.

 

👉 In addition, holding long (buy) positions in stocks and bonds is helpful since certain cooperative societies and banks will accept the assets as collateral for loans.

How to Buy Shares in Kenya

How to Buy Shares in Kenya

👉 Before you begin, you must have a firm grasp on the fact that market forces, the overall performance of a particular business, and the myriad of economic circumstances may lead the market to move in either the up or down direction.

 

👉 Understanding the factors that contribute to market volatility is essential for successful investing. Many investors have lost their money due to poor decision-making, greed, poor timing, and terrible luck.

 

👉 To help Kenyans get started, we have provided a detailed approach to how they can start buying shares in Kenya.

 

Determine the Type of Investor You Are

👉 Asking yourself, “What kind of investor am I?” before making any financial obligations is the first step.

 

👉 When deciding how to respond to this question, you should think about the objectives you have for your investments and the amount of risk you are prepared to face.

 

👉 While some investors want to “set it and forget it,” others want to actively manage how their money grows while others would rather just “set it and forget it.”

 

Learn the Difference Between the Types of Stock Trading

➡️ Active Trading – An active trader is a person who makes 10 or more deals each month. Typically, they use a tactic that places a premium on market timing in the hopes of capitalizing on near-term events (whether they occur inside a firm or because of market swings) to generate a profit eventually.

➡️ Day Trading – Day traders are those who engage in the equivalent of a game of “hot potato” with their stock portfolios, making many purchases and sales of the same stock on the same trading day without giving much thought to the underlying companies. Day traders anticipate daily price movements with the intent of making a profit in the next few minutes, hours, or days.

 

Determine How Much You Can Afford to Invest

👉 Allocating more than 10% of your portfolio to a single company might expose your investments to too much volatility, even if you have a flair for trading equities. A few suggestions for the Kenyan traders are as follows:

➡️ Only use what you can afford to lose into an investment.

➡️ Do not spend cash that is needed for something more pressing, like a down payment or school fees.

➡️ If you do not have enough emergency funds and are not already putting away between 10 and 15% of your salary into a retirement savings account, you should reduce this by 10%.

 

Learn about how the Stock Market functions

👉 Shares of publicly listed corporations are exchanged on a network of platforms and exchanges known collectively as the stock market.

 

👉 In the same way that people in any other marketplace negotiate the price at which they will exchange an item, buyers and sellers of stocks also determine the value of the asset they are exchanging.

 

👉 Stock exchanges are institutions that allow for the trading of publicly traded shares. Many businesses go through an IPO process before they are publicly traded (IPO). Shares can be traded between private parties (such as individuals) and financial institutions (such as banks) after they have been made public.

 

👉 If you think a firm will rapidly expand, you could invest in its stock. You would have to resell them at a higher price to make a profit.

 

👉 However, if you anticipate a decline in the share price due to impending corporate troubles, you may choose to sell your shares now to secure your profit and mitigate any losses.

 

Familiarize yourself with the Factors that move the Stock Market

👉 Before going public via an IPO, a company’s shares will have a predetermined price range, which is typically defined by the IPO’s underwriter (normally a large bank).

 

👉 This range will be determined based on the expected interest in the listing and the company’s fundamentals, such as its sales, goods, and current popularity.

 

👉 Upon completion of the IPO, fluctuations in the share price are driven by changes in the stock’s supply and demand. If supply exceeds demand, the share price may decline; if demand exceeds supply, the share price may increase.

 

👉 There is always a limited quantity of corporation shares, and the company could decide to issue new shares or to repurchase shares from shareholders to lower the supply, but the number of outstanding shares is always known.

 

👉 The demand for a share might change over time for a variety of reasons, including:

➡️ Earnings Reports – Quarterly interim reports on a company’s financial performance and an annual comprehensive report are typical. A company’s share price is determined in part by fundamental research conducted by traders and investors, which includes an examination of financial metrics such as revenue, profit, and earnings per share (EPS).

➡️ Macroeconomic Data – The economic climate in which a business works will impact its growth. Data releases such as gross domestic product (GDP) and retail sales may have a substantial impact on the share prices of publicly traded companies, and excellent data can lead share prices to increase, while negative data can cause share prices to fall.

➡️ Rates of interest – Despite concerns, the stock market could see more activity if interest rates are low. This is because more individuals may resort to stocks and shares to get larger profits than they could if they kept their money in a bank account.

➡️ Market sentiment – Not all share price fluctuations are based on fundamental analysis. The opinion of the public and market players on a specific stock may also affect demand. Thus, speculative bubbles could be created.

 

Develop A Solid Trading Plan Before you get started

👉 A strong trading strategy may be highly advantageous to your stock trading since it will describe precisely what your ambitions are, how much cash you have at your disposal and what your stomach for risk is.

 

👉 The purpose of a trading strategy is to remove the emotion out of your decision-making, as well as give some structure for when you start and close your positions.

 

Choose a broker

👉 Stockbrokers do in-depth market research and, in their capacity as experts, may provide their customers with trading advice.

 

👉 A few things to consider when selecting a broker are the services they provide, the brokerage’s level of competence, and, most crucially, the trading costs charged.

 

👉 Some brokers may seem undesirable to a novice because of the numerous fees imposed, but the level of quality sought when hiring a broker should not be diminished by this. On the official website of the exchange, you will find a list of all brokers (also known as NSE trading partners).

 

Register a Trading Account

👉 Kenyans must establish a CDS (Central Depository System) account, which functions as a trading account, to transact in securities at the NSE.

 

👉 The account, which can be registered individually or jointly, is unique to each investor. The Central Depository and Settlement Corporation’s account serves as the stock and securities market’s bank account, and the organization, CDSC, makes sure that all settlements have been paid out.

 

👉 To open a CDS account, one must complete a CDS 1 form and provide a few personal papers at the central bank or a local central depository agent. These documents include two colour passport photos, a KRA PIN, a National Identification Document or Passport, Proof of residence and income.

 

Decide On Your Asset Class

👉 Stocks, bonds, derivatives, Exchange Traded Funds (ETFs), and Real Estate Investment Trusts (REIT) are just a few of the assets that are available via NSE, one of the few trading houses in Africa that offers such a broad range of assets. These provide excellent options for a portfolio with lower risk.

 

👉 A derivative is a type of financial instrument whose value is derived from an underlying asset or security, such as a stock, bond, precious metal, commodity, stock, stock index, etc.

 

👉 Since they entail moving risk from those who want to avoid it to those who do, derivatives are useful for lowering risk in a portfolio.

 

👉 Like stocks, an ETF is an investment type that is traded on a stock market. It holds assets like equities, bonds, and commodities. Most ETFs follow an index, often a stock or bond index. However, some permit small deviates from the benchmark.

 

👉 They are appealing investment possibilities for investors due to their tax advantages and stock-like characteristics. When an ETF is sold, capital gains are not subject to tax. ETF owners have the same dividend rights as stock owners.

 

👉 A REIT is a regulated investment structure that enables individuals to amass funds or funds’ worth to become beneficiaries of the trust and reap profits or income from real estate.

 

👉 REITs make money either through building and development for sale or rental (DREIT) or from rental income (IREIT).

 

👉 Many novice investors choose popular stocks in a hurry simply because of their well-known brands or because they have read a few news articles about the firm, which is not always the wisest course of action.

 

👉 However, when traders focus their investigation on these companies, they discover that the volatility in their stock prices is minor and generates little to no return. Make wise investment choices and focus on the top gainers and losers to maximize your profits.

 

Choosing Your Stocks

👉 After signing in to your trading account, the next step is to add money to the account and choose specific stocks or stock portfolios like mutual funds or ETFs.

 

👉 While some brokers impose them, others do not, monthly maintenance fees and account opening costs (which makes it crucial for Kenyans to first compare brokers).

 

👉 When choosing the desired trading quantity, Kenyans must consider that brokers charge an average of 1.78% of the deal value, and the minimum shares they can purchase is 100 shares per trade.

 

Carry Out Fundamental Analysis of the Company

👉 To determine a security’s true worth, fundamental analysis (FA) considers its underlying economic and financial conditions.

 

👉 Macroeconomic elements, such as the status of the economy and industry circumstances, and microeconomic factors, such as the efficiency of the company’s management, are only two examples of the types of factors that fundamental analysts investigate.

 

👉 The result is a figure that can be compared to the current price of a security to help a buyer or seller determine if the security is under or overpriced.

 

👉 Different from technical analysis, which makes price predictions by examining market data such as price and volume in the past, fundamental analysis focuses on the present and the future.

 

👉 Revenues, earnings, growth prospects, return on equity, and profit margins are only a few of the metrics used in the fundamental analysis of equities to identify their true worth and development potential. Each of these pieces of information may be found in the financial accounts of a corporation. To simplify things, think of the various primary elements as either quantitative or qualitative.

➡️ Information that can be represented numerically or in terms of quantities is the focus of quantitative analysis.

➡️ The focus of the qualitative approach is on quality, as opposed to quantity.

 

👉 Quantitative basics are the cold, hard data that underpin this discussion. That which can be quantified about a company. Due to this, financial statements serve as the primary source of numerical information. There is a high degree of accuracy in calculating metrics like revenue, profit, and assets.

 

👉 The foundation of quality is less palpable. The calibre of the company’s top management, the popularity of its products or services, patents, and exclusive technological developments are all examples.

 

👉 There is no clear advantage to either qualitative or quantitative research methods, and many experts put them in the same category. When evaluating a firm, analysts usually keep in mind these four crucial factors. These are all qualitative, rather than quantitative, and here are some of them:

➡️ The overall business model of the company, what it does, whether it is making money, etc.

➡️ Competitive advantage

➡️ Overall Management

➡️ Corporate Governance of the Company

➡️ Industry of the Company

➡️ The company’s overall market share

➡️ Competitors of the company and their performance

 

👉 The quantitative fundamentals that Kenyans must consider when selecting shares include:

➡️ The Balance Sheet

➡️ Income Statements

➡️ Cash Flows

 

Carry Out Technical Analysis on the Stock

👉 A technique for analysing the market that focuses on price and trade volume movements is called technical analysis. It assists traders in locating prospective possibilities for profit or risk reduction as well as red flags to watch out for.

 

👉 To predict future price changes, technical analysts will examine charts and other data, looking at factors like previous price moves and high-volume regions. They are then able to decide on their trade tactics with knowledge. Understanding the three major premises on which technical analysis is based is the first step in doing it. These are:

➡️ The asset’s market price represents all potential influences.

➡️ Typically, an asset’s price follows predictable tendencies.

➡️ Price changes adhere to recognizable patterns.

 

👉 Kenyans must comprehend their trading technique and be prepared with a plan. You must understand what sort of market climate best matches your plan, therefore knowing this is crucial. You may choose the right trade instruments based on this.

 

👉 The top-down technique and the bottom-up approach are the two main approaches used in technical analysis.

 

👉 Long-term investors often use a bottom-up strategy, whereas short-term traders frequently adopt a top-down one. In addition, there are five fundamental phases to beginning a technical analysis project.

 

Top-Down

👉 The top-down method of macroeconomic analysis considers the whole economy before concentrating on specific securities. In the case of equities, a trader would initially concentrate on economies, then sectors, and last firms.

 

👉 This strategy places less emphasis on long-term values and more on short-term rewards for traders.

 

Bottom-Up

👉 The bottom-up method disregards the macroeconomic perspective in favour of individual stocks. It entails examining a stock that is attractive on a fundamental level for entry and exit opportunities.

 

👉 For instance, a trader may locate a company that is cheap in a downtrend and utilize technical analysis to pinpoint an exact entry moment when the price may be bottoming out. They aim for value in their choices and expect to view their transactions in the long term.

 

Additional Factors

👉 In addition to these factors, certain Kenyan traders might favour employing methods of technical analysis. Swing or position traders may use chart patterns and technical indicators while day traders may employ simple trendlines and volume indicators.

 

👉 Trading firms using automated algorithms could have distinct specifications that influence trading decisions using a mix of volume indicators and technical indicators.

 

Use Stock Market Simulators

👉 Those who are new to the stock market and would want to practice trading without putting any real money at risk might find a stock market simulator to be helpful. Both free and paid trading simulators can be found online.

 

👉 Kenyans who use a stock market simulator are given a sum of fictitious, digital currency with which to “invest” in a simulated portfolio of stocks, options, ETFs, and other instruments. Investment price changes and, depending on the simulator, trading costs and dividend payments are among the factors tracked by these tools.

 

👉 “Trades” are made on the virtual market just as in the real market, except no actual money changes hands. Users can subsequently get a feel for investing and see how their choices fare in a risk-free environment by playing around with a simulator.

 

👉 In addition, Kenyans who use certain simulators may even compete with one another, giving them an extra reason to make wise investments.

 

Trade using a demo account

👉 By devoting some time to it, choosing a stock, and watching it for three to six months to see how it does, you may achieve this.

 

👉 Additionally, many online stock brokers include paper trading tools that you may use to study the market. Kenyans could test their trading skills and establish a record of accomplishment using stock market simulators before risking real money.

 

Compare your returns against the overall benchmark

👉 Not only aggressive investors, but all sorts of investors should heed this crucial tip. The main objective of stock selection is to outperform a benchmark index.

 

👉 A low-cost index mutual fund or exchange-traded fund (ETF), which is a basket of equities whose performance closely mirrors that of one of the benchmark indexes, makes financial sense for a serious investor who is unable to exceed the benchmark.

 

Remain Focused

👉 Successful investing does not entail identifying the next big breakout stock before the competition. By the time you hear that a certain company is primed for a surge, tens of thousands of experienced traders have already priced the potential into the stock.

 

👉 It might be too late to earn a fast profit, but that does not mean you cannot join the celebration. The fact that outstanding investments continue to generate shareholder value for years is a strong justification for seeing active investing as a pastime rather than a get-rich-quick plan.

 

Always ensure that Your Portfolio is Diversified

👉 Diversification is regarded as investing’s only free lunch. By investing in a variety of assets, you lessen the chance that the performance of a single investment may significantly affect the return on your whole investment. It is financial jargon meaning “Do not put all of your eggs in one basket.”

 

👉 However, stock investments will provide the biggest challenge to diversification. Investing in a vast number of stocks may be damaging to the portfolio due to the associated expenses.

 

👉 It is extremely hard to create a varied portfolio with a $1,000 investment, so be aware that you may need to invest in one or two firms (at most) to begin with. This increases the danger involved.

 

👉 This is when the primary advantage of mutual funds and ETFs become apparent. Both forms of securities are often comprised of many equities and other assets, making them more diversified than a single stock.

How to choose the Right Share Broker in Kenya

How to choose the Right Share Broker in Kenya

👉 Kenyan traders must evaluate the following components of a share broker to decide whether the broker is suited to their unique trading objectives and/or needs.

 

Regulations and Licenses

👉 This is the first vital 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 Share Brokers in Kenya

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

 

Best MetaTrader 4 / MT4 Share Broker in Kenya

Overall Rating

Min Deposit

USD 0 / 0 KES

Regulators

FSA, FCA, ASIC, DFSA

Trading Desk

MetaTrader 4

Crypto

Yes

Total Pairs

66

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, Axi is the best MT4 Share Broker in Kenya. Axi provides MetaTrader 4 on a variety of devices and operating systems. Axi primarily offers foreign exchange-focused financial solutions to individual investors. Tight spreads and rapid execution are standard for all accounts.

 

Best MetaTrader 5 / MT5 Share Broker in Kenya

Overall Rating

Min Deposit

USD 100 / 11560 KES

Regulators

ASIC, CySEC

Trading Desk

MetaTrader 4, MetaTrader 5

Crypto

Yes

Total Pairs

60

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, FP Markets is the best MetaTrader 5 Share Broker in Kenya. FP Markets leverages authentic ECN electronic bridges to enhance the value of its services.

 

👉 Through the Equinix NY4 Data Centers and MetaTrader 5, FP Markets suggests utilizing their in-house developed ECN technology to get direct access to liquidity sources without dealer intervention.

 

Best Share Broker for beginners 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 Share Broker for beginners in Kenya. IG gives users access to a vast repository of educational information in several forms. IG also provides a mobile application called IG Academy that is created exclusively for educational reasons.

 

Best Low Minimum Deposit Share Broker in Kenya

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

on HFM (Formerly Known as Hotforex)’s website

👉 Overall, HF Markets is the best Low Minimum Deposit Share Broker in Kenya. HF Markets provides Kenyans with over one thousand trading securities across many asset types. HF Markets is renowned for its unbelievably cheap minimum deposit of 590 Kenyan Shillings ($5).

 

Best ECN Share 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 ECN Share Broker in Kenya. IC Markets is a supplier of Electronic Communication Network (ECN) trading environments and provides true spreads as low as 0 pips on 60 currency pairs from liquidity providers from over 50 banks and dark pool liquidity sources.

 

Best Islamic / Swap-Free Share 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 Share Broker in Kenya. SuperForex provides trading services to over 150 nations. In addition to providing a KES-denominated account to Kenyans, SuperForex also provides Muslim Kenyan traders with a selection of Swap-Free Accounts.

 

Best Share Trading App 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 Share trading app in Kenya. Active Trader Pro, available for download from Fidelity, gives customers access to real-time data and a customizable, user-friendly trading interface.

 

👉 The collection of research tools and asset screeners offered by Fidelity is among the most extensive and accessible. In addition, the library offered by Fidelity has a range of educational resources.

 

Best Kenyan Shilling Trading Account Share 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 Share Broker in Kenya. Due to its multi-currency accounts and micro-lot trading, Exness is among the top CFD and Forex brokers for Kenyans.

 

👉 MetaTrader 4 and 5 are provided by Exness to give Kenyans an advantage in the stock market. Standard accounts at Exness could easily trade in market or immediate execution mode, and MT4 and MT5 are fully supported.

 

Best Lowest Spread Share 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

$140 (16 373 KESFind out More)

Account Activation Time

24 Hours

👉 Overall, FBS is the best lowest spread Share Broker in Kenya. With FBS, Kenyan traders can expect spreads from 0.0 pips and access to a few markets, including international CFDs on shares. FBS offers a range of account options suited to every type of trader, regardless of their trading experience.

 

Best Nasdaq 100 Share Broker in Kenya

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.

👉 Overall, eToro is the best Nasdaq 100 Share Broker in Kenya. Because it enables users to imitate the activities of successful investors, eToro is the most popular social trading platform in the world.

 

👉 eToro gives Kenyan traders access to well-known instruments such as the Nasdaq and more than 3,000 other tradable symbols.

 

Best Volatility 75 / VIX 75 Share 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 Volatility 75 / VIX 75 Share Broker in Kenya. AvaTrade provides cheap fixed spreads on index CFDs, and there are no deposit or withdrawal fees for Kenyan customers.

 

👉 AvaTrade, the top VIX broker, also provides extensive market information and a vast array of trading tools.

 

Best NDD Share Broker in Kenya

Overall Rating

Min Deposit

USD 100 / 11560 KES

Regulators

CySec, ASIC, FCA, BVI FSC, FSCA

Trading Desk

MetaTrader 4, MetaTrader 5, Markets.com propietary platform

Crypto

Yes

Total Pairs

67

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, Markets.com is the best NDD Share Broker in Kenya. Markets.com is a leading provider of Forex and CFDs, with over 2,200 diverse trading products accessible. Markets.com provides several advantages and is a transparent NDD broker with quick transaction execution times.

 

Best STP Share 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 STP Share Broker in Kenya. Pepperstone aspires to be a broker with interbank execution and low spreads.

 

👉 Pepperstone provides STP and ECN execution in addition to institutional-grade STP spreads beginning at 0.6 pips on MetaTrader 4.

 

Best Sign-up Bonus Share 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 Share broker in Kenya. More than 1.5 million traders and investors use XM’s comprehensive assortment of trading products and services and its unique trading solutions.

 

👉 XM gives a sign-up incentive to any Kenyans who create their first account. Before risking their own assets, Kenyans can get a $30 No-Deposit Bonus as trading credit.

Conclusion

👉 Even if you just have a modest sum of money to put toward an investment, you can still get started.

 

👉 Choosing the correct investment is just half the battle, and as a novice investor, you also need to be aware of the limitations you will encounter. You should investigate the broker’s minimum deposit and commission rates and see how they stack up against those of competing firms.

 

👉 It is unlikely that you will have enough money to purchase individual equities and diversify your portfolio right away, and you will likewise need to decide on a broker to whom you’ll entrust your funds.

FAQ

How can I buy and sell shares in Kenya?

You need to register an account with a CMA-regulated broker, or an offshore entity to purchase international CFDs on shares. To trade local shares, you must use an NSE-approved broker.

 

How can I buy shares listed on the Nairobi Securities Exchange?

Only registered stock brokers, acting as intermediaries between customers and stock agents, are permitted to facilitate transactions on the NSE. After opening a CDS account, you can begin trading by giving your broker instructions to either buy or sell.

 

Is stock trading a wise idea?

Yes, it is a good option for Kenyans who want to grow their wealth or participate in medium, and long-term strategies.

 

How much money would I need to start trading shares in Kenya?

This will depend on the broker that you decide to use. Several brokers need a minimum deposit of 110 KES ($1) to register an account.

 

How can I learn about share trading in Kenya?

You can use a range of online resources to learn more about share trading. In addition, you can consult trading videos, eBooks, guidelines, webinars, and more.

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