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How to Buy KenGen Plc Shares in Kenya

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

This is a complete guide on how to buy KenGen Plc Stock in Kenya. 

In this in-depth guide you’ll learn:

  • What is the KenGen Plc Share?
  • What is the benefit of buying KenGen Plc Stock for Kenyan Traders?
  • Find out if KenGen Plc stock is a good investment for Kenyans?
  • How to Purchase KenGen Plc Stock in Kenya? 
  • How to buy KenGen Plc Shares for beginner traders step by step?
  • Which broker can you use to buy KenGen Plc Stock?
  • Which broker offers a signup bonus for first-time traders? 
  • Which brokers offer a $5 (592 KES) minimum deposit for investing in KenGen Plc Stock?
  • How many KenGen Plc Stock should you buy?


And lots more…

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

Let’s dive right in…

Updated : September 25, 2022

 

What is KenGen Plc?

👉 KenGen, short for Kenya Electricity Generating Company Plc, is the most important electricity generating company in Kenya and the whole of East Africa.

 

👉 The firm is in the business of supplying electricity to the Kenyan market through the development, management, and operation of power-producing facilities.

1. Step 1 – Choose a reputable brokerage in Kenya

Step 1 – Choose a reputable brokerage in Kenya

👉 You will need to open an account with a stockbroker before you can begin trading KEGN shares on the NSE. However, before this step, Kenyans must register a Central Deposit and Settlement (CDS) account.

 

👉 This can be done directly via the Central Bank of Kenya, or if your broker offers this service, you can open it through them if they are an investment bank, commercial bank, investment advisor, or an NSE-listed stockbroker.

 

👉 It does not cost anything to register a CDS account when you register through the CBK and as an individual Kenyan investor, you can choose whether to open it as an individual or jointly.

2. Step 2 – Carry out fundamental analysis on KEGN Shares

Step 2 – Carry out fundamental analysis on KEGN Shares

👉 Before you can start purchasing shares in KenGen Plc, you must carry out a fundamental analysis. You can carry out a financial Analysis on KenGen Plc by looking at these key metrics of the company:

➡️ Understand KenGen Plc and its operations in Kenya.

➡️ Study KenGen Plc’s financial reports.

➡️ Check KenGen Plc’s debt.

➡️ Find competitors of KenGen Plc and see whether it performs better.

➡️ Analyse KenGen Plc’s prospects.

➡️ Review all aspects of KenGen Plc frequently.

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3. Step 3 – Decide on your investment or trading horizon

Step 3 – Decide on your investment or trading horizon

👉 Like any investment, you must choose a time horizon and trading style when you purchase KEGN shares. You can either purchase and hold shares hoping that they will appreciate or gain dividends, or you can trade shares like other financial instruments.

4. Step 4 – Purchase your first KEGN Shares

Step 4 – Purchase your first KEGN Shares

👉 Once you understand what share investment in the Kenyan shares market entails, and you have registered and funded your brokerage account, you can decide how many shares to buy and make your first purchase.

5. Step 5 – Monitor the ongoing performance of KEGN shares

Step 5 – Monitor the ongoing performance of KEGN shares

👉 If you have a medium- to long-term investment horizon, it does not mean that you can forget about it completely. You must remember to monitor the ongoing performance of KenGen Plc and KEGN shares overall.

 

👉 In addition, to ensure that you are protected from risks that can arise from investment, make sure that you have a diversified portfolio that contains shares from companies other than KenGen Plc.

KenGen Plc Shares Overview for Kenya

KenGen Plc Shares Overview for Kenya

👉 KenGen Plc is publicly traded on the Nairobi Securities Exchange (NSE) under the symbol KEGN. KenGen is a government company in the Republic of Kenya responsible for the nation’s power generation.

 

👉 KenGen is the main electrical generator in Kenya, providing about 65% of the country’s electricity.

 

👉 On February 1, 1954, the Kenya Power Company (KPC) was established to build the transmission line between Nairobi and Tororo, Uganda. This was done so that power from the Owen Falls Dam could be sent to Kenya. The nation’s power plants were to be built by KPC.

 

👉 KPC was managed under contract by Kenya Power and Lighting Company. In response to developments in the energy market and the economy at large, KPC’s management officially severed ties with Kenya Power in January 1997.

 

👉 On January 19, 1998, the company’s name was changed from the Kenya Power Company to the Kenya Electricity Generating Company. The company KenGen PLC was also established during this period.

 

👉 More than 280,000 people applied to buy shares in KenGen during its first public offering in 2006, which resulted in the company being listed on the Nairobi Securities Exchange.

Pros and Cons of Buying KenGen Plc shares in 2022

Pros and Cons of Buying KenGen Plc shares in 2022

Pros of Buying KenGen Plc shares in 2022

➡️ KEGN shares match the return vs market, having returned -20.9% in the past year.

➡️ A high ratio of earnings before interest, taxes, depreciation, and amortization (EBITDA) to sales indicates that the firm has healthy margins before these costs are applied.

➡️ The company’s value is favourable because of the positive cash flows it generates. Investors in pursuit of a high dividend investors should pay close attention to this firm.

➡️ Given the size of the spread between current prices and the average target price, analysts see substantial upside potential in the company.

➡️ Over the previous year, there has been a significant upward revision in analysts’ expectations.

➡️ The current price of KEGN (KES3.49) is below market analysts’ fair value estimates (KES8.6).

➡️ There is a gap between the savings rate of 12.5% and KEGN’s projected annual profits increase of 28.1%.

➡️ The Kenyan market is expected to increase at a slower rate than KEGN’s projected 28.1% annual profit growth (10.5% per year).

➡️ Over the following three years, KEGN’s profits are forecast to skyrocket.

 

Cons of Buying KenGen Plc shares in 2022

➡️ KEGN shares have underperformed in terms of returns versus the industry, having returned 7% during the past year.

➡️ According to industry experts’ projections, this sector has some of the weakest development potentials.

➡️ The company’s financial health is one of its primary areas of weakness.

➡️ It turns out that the firm is overpriced, with an expected enterprise value of 3.86 times revenues for the current fiscal year.

➡️ In the past year, projections for sales have been lowered dramatically, indicating that this fiscal year would bring in less revenue than the previous one.

➡️ Sales projections for the organization have been cut down during the last year. The revised outlook reflects gloomier research and projections about the company’s future.

➡️ In the last four months, the average price objective of analysts following the stock has been drastically reduced.

➡️ In the last four months, analysts’ average consensus assessment of the stock has declined.

➡️ When comparing KEGN’s P/E to that of its industry, Global Renewable Energy, the ratio comes in at 18.3x, making KEGN more expensive than its rivals by 17.5x.

➡️ A slower rate of revenue growth (1.1% annually) is anticipated for KEGN than the overall Kenyan market (11% per year).

Should Traders in Kenya invest in KenGen Plc shares in 2022?

Should Traders in Kenya invest in KenGen Plc shares in 2022?

👉 No, KenGen Plc is not recommended as an investment option. When looking at KenGen Plc overall, the fundamentals are not good enough to recommend it for a long-term investment. The company’s core structure has deteriorated, making it a poor short-term investment option.

 

Financial Performance of KenGen Plc

➡️ In the final quarter of 2021, KenGen Plc reported that its finances remained stable, supported by increased income from revenue and the overall increase in the demand for electricity in the region.

➡️ The revenue reported for the period had increased by 14% from 21,801 million KES in 2020 to 24,793 million KES in 2021. This is attributable to the higher revenue receipts received from drilling consultancy as well as operations outside Kenya.

➡️ Finance income increased by 22% from 829 million KES to 1,009 million, with finance costs declining by 27%.

 

Highlights of KenGen Plc in 2021/2022

➡️ KenGen Plc experienced increased business activities in Ethiopia.

➡️ Finance costs for KenGen Plc decreased by 27% from 1,231 million KES to 897 million KES.

➡️ KenGen Plc saw an increase of 9% in its overall profitability, from 6,872 million KES reported in 2020 to 7,520 million KES.

Best Brokers for Trading Shares CFDs in Kenya

Tifia

Overall Rating

Min Deposit

USD 10 / 1167 KES

Regulators

FSC

Trading Desk

MetaTrader 4

Crypto

Yes

Total Pairs

60+

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

👉 Tifia is a reputable Forex and CFD broker that uses the powerful and user-friendly MetaTrader 4/5 desktop, web, and mobile trading platforms to provide a wide range of financial products for online trading at cheap prices.

 

👉 A variety of account options are available from the broker, including ECN trading, which offers quick trade execution, narrow spreads, and affordable costs. Through “Claws & Horns” and social trading signals, Tifia offers professional expertise to help traders do market research and analysis.

 

👉 A few MetaTrader platforms and devices are available for trading more than 120 assets via Tifia Markets Ltd, a licensed Forex and CFD broker. Tifia has offices in Thailand, Spain, Indonesia, Nigeria, and the Republic of Vanuatu in addition to its headquarters there.

 

FP Markets

Overall Rating

Min Deposit

USD 100 / 11560 KES

Regulators

Trading Desk

MetaTrader 4, MetaTrader 5

Crypto

Yes

Total Pairs

60

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 FP Markets offers all MetaTrader trading platforms, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

 

👉 FP Markets came out on top as one of the best MetaTrader brokers due to its support for the AutoChartist plugin integration and the platform add-ons given by FX Blue as part of its Trader Toolbox offering.

 

👉 Most of the FP Markets’ research is accessible on its website inside the Traders Hub section, where it is separated into fundamental and technical analysis categories.

 

👉 The research component of FP Markets consists of a Daily Report, a Technical Report, a weekly Market Insights viewpoint, and a Fundamental Analysis section with daily articles covering global markets.

 

👉 There is minimal access to instructional content on the FP Markets website, apart from platform training, an investor glossary, and videos maintained on the company’s YouTube account.

 

👉 At least 34 articles are available in the Forex 101 section of FP Markets’ website. In addition, the firm has archived sixty webinars and offers a few instructional videos on its YouTube page.

 

Alpari

Overall Rating

Min Deposit

570 KES or an equivalent to $5

Regulators

FSC

Trading Desk

MetaTrader 4

Crypto

Yes

Total Pairs

48

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Alpari is a seasoned broker since it has been in business for a long time and has survived a few market downturns. Established in Russia in 1998, the firm has expanded its operations worldwide.

 

👉 Millions of people from hundreds of different countries are now Alpari consumers. Alpari has also been a major sports sponsor for both clubs and players at the professional level.

 

👉 Since 2005, the Alpari charitable foundation has aided underprivileged children and families, including those with no parental care. The company behind Alpari International is the Mauritius-based financial investment corporation Exinity Ltd.

 

👉 You could hire professional money managers to trade on your behalf using Alpari. Thousands of investors from all over the world have flocked to Alpari because of its popular PAMM service.

 

👉 PAMM accounts are listed and sorted by many criteria, such as how long they have been around, how many investors they have, and how profitable they have been. In addition, Alpari offers a “Strategy Manager,” a social trading tool that lets you copy the moves of other investors.

 

👉 Strategy Managers are paid by commissions from their copying partners. For both Alpari’s MT4 and MT5 platforms, the AutoChartist is pre-installed. This helpful resource for market analysis provides free trading advice by revealing hidden patterns in market data.

 

Tickmill

Overall Rating

Min Deposit

USD 100 / 11560 KES

Regulators

CySEC, FCA, FSA, FSCA, Labuan FSA

Trading Desk

Meta Trader 4

Crypto

Yes

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Since its founding in 2014, The Tickmill Group has seen a spectacular development trajectory. This award-winning broker is regulated in five countries, caters to both specialists and novices, and has over 111,000 traders with over 263,000 accounts.

 

👉 Over 215 million deals have been executed, and the average monthly trading volume surpassed $123 billion. This CFD broker has a particular emphasis on Forex and CFD trading, including copy trading on the MT4, MT5, and WebTrader platforms.

 

👉 Additionally, it employs more than 150 people internationally, implements its business strategy well, and tries to develop partnerships that will enhance trade circumstances for its growing clientele. Traders may choose from three different account kinds.

 

👉 The Classic account’s minimum deposit of 100 base currency units is identical to the Pro account’s minimum deposit of 100 base currency units; however, the Pro account’s assets are priced competitively at a fee of $2 per lot, making it the preferable option.

 

👉 Once the account balance surpasses $50,000, an upgrade to the VIP account is implemented; the main advantage of the VIP account is a decrease in commission to $1.

 

👉 This broker charges no commission fees on index CFDs, oil, or bonds. Tickmill provides a maximum leverage of 1:500 for all accounts created in FSA-regulated countries and 1:30 for accounts opened in FCA-regulated jurisdictions.

 

Pepperstone

Overall Rating

Min Deposit

USD 10 / 1156 KES

Regulators

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

Trading Desk

MetaTrader 4, MetaTrader 5, cTrader and TradingView

Crypto

No

Total Pairs

60+

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

Trading margined products carries a high level of risk. Pepperstone Markets Kenya Limited, CMA Licence No. 128

👉 The Pepperstone Group has been a leader in the online brokerage market since its founding in 2010.

 

👉 There are numerous ways to get assistance, including live chat, phone support that is accessible around the clock, and a frequently asked questions section with detailed guidelines on deposits, withdrawals, and trade disputes.

 

👉 Clients can focus on the challenging task of trading successfully thanks to Pepperstone’s simple access to the markets. Pepperstone is ideal for traders that want a wide range of affordable services, a flexible user interface, many account type possibilities, and efficient customer support

 

👉 To suit different trading and investment styles, Pepperstone offers a selection of platforms. Since Pepperstone has refrained from creating its interface, the platforms are white-labelled third-party software applications popular in the forex and CFD trading industry.

 

👉 Customers have the option of choosing between MetaTrader (MT) 4/5 and cTrader, a premium platform with direct pricing from liquidity providers and a wealth of technical features including detachable charts, backtesting, and algorithmic strategy support.

 

Broker Comparison

🥇 Tifia🥇 FP Markets🥇 Alpari🥇 Tickmill🥇 Pepperstone
⚖️ RegulationVFSC, FSCASIC, CySECFSCSeychelles FSA, FCA, CySEC, Labuan FSA, FSCAASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB
💻 Trading Platform• MetaTrader 4
• MetaTrader 5
• Tifia Forex Analysis App
• MetaTrader 4
• MetaTrader 5
• Myfxbook AutoTrade
• FP Markets App
• MetaTrader 4
• MetaTrader 5
• Alpari Mobile App
• MetaTrader 4
• MetaTrader 5
• MetaTrader 4
• MetaTrader 5
• cTrader
• TradingView
• Myfxbook
• DupliTrade
💰 Withdrawal FeeYesYesYesNoNo
📱 Demo AccountYesYesYesYesYes
💵 Min Deposit1,100 KES8,300 KES590 KES11,500 KES16,700 KES
📊 Leverage• 1:1000• 1:500• Up to 1:1000• 1:500• 1:400
📈 SpreadFrom 0.0 pips0.0 pipsFrom 0.4 pipsVariable, from 0.0 pipsVariable, from 0.0 pips
💸 Commissions$8From US$3$1.5$1 per side per 100,000 tradedFrom AU$7
📞 Margin Call/Stop-Out• 100%• 100%/50%• 60% to 120%
• 30% to 100%
• 100%/30%• 90%/20%
📲 Order Execution50%MarketInstant and MarketMarketMarket
💵 No-Deposit BonusYesNoNoYesNo
💰 Cent AccountsYesNoNoNoNo
💻 Account Types• A Start Account (Micro)
ECN Classic Account
• ECN Pro Account
• MT4/5 Standard Account
• MT4/5 Raw Account
• MT4/5 Islamic Standard Account
• MT4/5 Islamic Raw Account
• Forex Standard Account
• Forex Micro Account
• Forex ECN Account
• Forex Pro Account
• Pro Account
• Classic Account
• VIP Account
• Standard Account
• Razor Account
⚖️ CMA RegulationNoNoNoNoNo
✔️ KES DepositsYesYesYesNoNo
✔️ KES AccountNoNoNoNoNo
🗣 Customer Service Hours24/524/724/524/524/5
🛍 Retail Investor Accounts34432
☪️ Islamic AccountYesYesYesYesYes

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Best Mobile Apps to buy US Shares in Kenya

SoFi

SoFi

👉 The SoFi Invest app enables money management and trading. As the newest service from the SoFi financial wellness platform, the program provides free trading on a variety of investments, including stocks, ETFs, cryptocurrencies, and more.

 

👉 Using the website’s automated investing service, you might choose to be a passive investor or a daily trader who purchases and sells assets.

 

👉 In addition to delivering other personal finance products such as credit cards, student loans, and money management, the company wants to assist all customers interested in improving their financial standing.

 

TradeStation Go

TradeStation

👉 TradeStation is a powerful stock trading platform and software that includes analytical capabilities that are useful for both seasoned professionals and novice traders.

 

👉 The website offers trading education resources and brokerage services that have been recognized by credible industry assessors.

 

👉 As with every other online discount broker on our list, the free stock trading program features low prices for trading options and futures contracts and no commissions for trading stocks and ETFs.

 

👉 TradeStation caters to the skilled, active, and technically savvy traders that comprise its target market. This service will certainly overwhelm beginner Kenyan traders, who might even be required to pay for it.

 

👉 TradeStation is the best stock trading platform on our list for skilled traders since it provides an extensive array of technical tools and screeners that are the best in their respective categories.

 

XTB

XTB

👉 Among the more than 1500 financial assets provided by XTB, Forex, indices, commodities, stock CFDs, ETF CFDs, and cryptocurrencies may be traded with ease by Kenyans.

 

👉 Numerous components of XTB’s xStation desktop trading platform have been included in the xStation mobile application. The simplified design of the clear, horizontally accessible charts makes them simple for clients to read and comprehend.

 

FXTM

Overall Rating

Min Deposit

USD 10 / 1156 KES

Regulators

CySec, FSCA 

Trading Desk

MetaTrader 4 and MetaTrader 5

Crypto

Yes

Total Pairs

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

👉 FXTM is a prominent Forex and CFD broker, established in 2011 and regulated by the Financial Conduct Authority (FCA) in the United Kingdom and the Financial Services Commission (FSC) in Mauritius.

 

👉 Forex, spot metals, 180 corporate shares, commodities, indices, and cryptocurrencies are among the Contracts for Difference (CFDs) accessible through the FXTM Trader mobile app.

 

👉 FXTM Trader enables you to make and close transactions fast, view real-time currency rates, manage your trading accounts, and monitor your FXTM Invest copy-trading account.

The Best Shares Brokers in Kenya

👉 This article includes a list of the top Forex brokers in Kenya that can facilitate share trading for Kenyan traders.

 

👉 We have further determined which forex brokers provide additional services and solutions to traders, and we have listed them below.

 

Best MetaTrader4/MT4 Shares Trading 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 MT4 shares trading broker in Kenya. Pepperstone Markets, a highly popular online trading platform, offers STP and ECN accounts.

 

👉 Kenyan traders will have access to many trading platforms, including MT4, MT5, cTrader, and ZuluTrade.

 

Best MetaTrader 5 / MT5 Shares Trading Broker in Kenya

Overall Rating

Min Deposit

USD 10 / 1167 KES

Regulators

FSC

Trading Desk

MetaTrader 4

Crypto

Yes

Total Pairs

60+

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, Tifia is the best MetaTrader 5 / MT5 shares trading broker in Kenya. Tifia’s MetaTrader 5 (MT5) is a sophisticated and professional trading platform that replaces the popular MetaTrader 4 platform.

 

👉 Instead of MT4’s thirty technical indicators, Tifia’s MT5 has 38. In addition, it supports up to 21 separate chart display periods and six distinct pending order kinds.

 

Best Shares Trading Broker for beginners in Kenya

Overall Rating

Min Deposit

USD 0 / 0 KES

Regulators

US SEC, CFTC. Regulated in Australia, Bahamas, Cyprus, Dubai, Germany, Kenya, UK 

Trading Desk

Crypto

Yes

Total Pairs

22

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, Interactive Brokers is the best shares trading broker for beginners in Kenya. In addition to providing extensive information, Interactive Brokers also provides instructional resources in the form of articles with step-by-step instructions, webinars, and a training course.

 

Best Low Minimum Deposit Shares Trading 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 Low Minimum Deposit shares trading broker in Kenya. When registering an account with Capital.com, Kenyans are required to deposit a minimum of $20 / 2,300 KES.

 

👉 Capital.com enables Kenyans to trade micro-lots with spreads as low as 0.6 pips on key currency pairings and popular equity CFDs.

 

Best ECN Shares Trading Broker in Kenya

👉 Overall, ThinkMarkets is the best ECN shares trading broker in Kenya. Numerous agencies have granted ThinkMarkets authorization. In addition to a variety of other account types, Think Markets offers ECN accounts to Kenyan traders.

 

Best Islamic / Swap-Free Shares Trading Broker in Kenya

Overall Rating

Min Deposit

USD 10 / 1156 KES

Regulators

CySec, FSCA 

Trading Desk

MetaTrader 4 and MetaTrader 5

Crypto

Yes

Total Pairs

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, FXTM is the best Islamic shares, trading broker. FXTM allows Kenyans to convert any active trading account into a swap-free alternative.

 

👉 While FXTM maintains a tight spread on both accounts, traders are charged an administration fee after holding positions for 2 and 7 days, respectively.

 

Best Shares Trading App 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 has the best shares trading app in Kenya. AvaTradeGO gives Kenyan traders access to several trading materials and tools, including charting tools and position management software.

 

👉 AvaTrade is considered one of the most trustworthy brokers on the market when it comes to trading foreign currency (FX) and contracts for difference (CFD). The primary objective of the platform is to give users an uninterrupted and responsive trading experience.

 

Best Lowest Spread Shares Trading 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 lowest spread shares trading broker in Kenya. Depending on which of OctaFX’s companies manages your account, the spread pricing changes. In the EUR/USD pair, the EU entity is superior to its SVG counterpart by 0.5 pips compared to 0.7 pips.

 

Best Kenyan Shilling Trading Account Shares Trading 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 Account shares trading broker in Kenya. Exness has been operating in Kenya for over a decade and is one of the brokers with a substantial market share.

 

👉 Exness provides 278 instruments and a selection of accounts, and Kenyans may set their base currency to KES.

 

Best Nasdaq 100 Shares Trading 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

👉 Overall, HF Markets is the best Nasdaq 100 shares trading broker in Kenya. CMA-regulated broker HF Markets provides NAS100 as a CFD on indices. Kenyans who trade these products may anticipate spreads as low as 2 pips and leverage as high as 1:50.

 

Best Volatility 75 / VIX 75 Shares Trading 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 shares trading broker in Kenya. AvaTrade’s inexpensive pricing extends to other products, including the VIX, with fixed spreads beginning at 0.9 pips for EUR/USD.

 

👉 The VIX 75 may be traded as a CFD on indices by Kenyans on several platforms, including MT4, MT5, and AvaTrade’s proprietary software.

 

Best NDD Shares Trading 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 NDD shares trading broker in Kenya. FBS is a web-based platform that permits the trading of a wide variety of assets.

 

👉 More than 17 million traders from 150 countries are linked with FBS. FBS’s non-dealing broker technology and copy trade software provide rapid market execution of trading orders.

 

Best STP Shares Trading Broker in Kenya

Overall Rating

Min Deposit

USD 100 / 11615 KES

Regulators

CySEC, FCA

Trading Desk

Crypto

Yes

Total Pairs

50

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, FOREX.com is the best STP shares trading broker for traders in Kenya. FOREX.com is a well-known forex sector brand. It offers ECN and STP accounts, with a minimum deposit of $50 / 5,900 KES.

 

👉 Kenyans have access to more than ninety currency pairs and several payment alternatives. Forex.com, a prestigious broker, is regulated by several premier organizations.

 

Best Sign-Up Bonus Shares Trading Broker in Kenya

Overall Rating

Min Deposit

USD 100 / 11560 KES

Regulators

CySEC, FCA, FSA, FSCA, Labuan FSA

Trading Desk

Meta Trader 4

Crypto

Yes

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, Tickmill is the best shares trading sign-up bonus broker in Kenya. Kenyan traders who open an account with Tickmill are entitled to a $30 no-deposit sign-up incentive after account verification.

 

👉 This affords Kenyans the finest chance to evaluate the platform and trading conditions under real-world market situations without incurring any financial risk.

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🛡️ Trust Score

97%

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🛡️ Trust Score

97%

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FAQ

Who is the owner of KenGen?

Rebecca Miano is currently the Managing Director and CEO of KenGen Plc.

 

Is KenGen under KPLC?

No, KenGen is not under KPLC. The Management of KPC separated from KPLC in 1998 and renamed the company to KenGen.

 

What does KenGen do?

KenGen delivers 80% of all energy utilized in Kenya, making it the country’s main electric power producing firm. The corporation generates power using a variety of energy sources, including hydro, geothermal, thermal, and wind.

 

What is the difference between KETRACO, KPLC and KenGen?

KenGen is responsible for power production, KETRACO steps up the produced electricity to 132kV, 220kV, and 400kV, and sends it to a step-down substation, where it is stepped down to 66/33kV for KPLC to distribute to ultimate customers.

 

Is KenGen owned by the government?

Yes, the Kenyan government has a 70% stake in KenGen while the remaining 30% is held by private shareholders.

9.5/10 - (18 votes)

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