CFDs are leveraged products and 73% of retail traders lose money when trading CFDs.Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Rankings are influenced by affiliate commissions. All information collected on 1/11/2017.

The Ultimate Guide to

Choosing a Broker
For Kenya

Not sure which broker is right for you?

Don’t worry - we’ve got you covered. In this guide, you’ll learn:


Part 1

Why Choose
For Kenya?

scored best in our review of the top brokers for kenya, which takes into account 120+ factors across eight categories. Here are some areas where scored highly in:

  • + years in business
  • Offers + instruments
  • A range of platform inc.
  • 24/7 customer service
  • Tight spreads from pips
  • Used by 0+ traders
  • Offers demo account
  • 0 languages

offers one way to trade. If you wanted to trade EURUSD

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

have a trust score, which is . This is largely down to them being regulated by , segregating client funds, being segregating client funds, being established for over

Trust Score comparison

Trust Score
Regulated by
Uses tier 1 banks
Company Type Private Private Private
Segregates client funds

The second thing we look for is the competitiveness of the spreads, and what fees they charge. We’ve compared these in detail in part three of this guide.

Part 2

Who is (& Isn’t)
Suitable For

As mentioned, allows you to trade in one way: .

Suitable for:

  • Spread Betting
  • CFD Trading
  • Forex Trading
  • Social Trading

Not Suitable for:

To trade with , you’ll need a minimum deposit of $. offers a range of different account types for different traders including a , .

Finally, isn’t available in the following countries: . They do not offer islamic accounts .

Part 3

A Comparison of vs. vs.

Want to see how stacks up against and ? We’ve compared their spreads, features, and key information below.

Spread & fee comparsion

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
Fixed Spreads
Variable Spreads
EUR/USD Spread
GBP/USD Spread
USD/CAD Spread
USD/JPY Spread
DAX Spread
FTSE 100 Spread
S&P500 Spread

Comparison of account & trading features

Base currency options
Funding options
Micro account
ECN account

Part 4


AvaTrade are one of the top online brokers for traders in Kenya for a number of reasons. They are a multinational company comprising of many regional offices in countries across the globe. The B.V.I Financial Services Commission are international regulators of the company, and the AvaTrade website is available in numerous different languages.

Clients can access over 200 financial instruments across a wide range of different markets through the AVA Trade platform including stocks, bonds, Forex, commodities, cryptocurrencies, and indices. Ava Trade’s website is rich with educational material for traders who want to enhance their trading knowledge. This material includes free eBooks, webinars, articles, market indicators and educational videos.

Recently, AvaTrade have also launched a dedicated learning platform, SharpTrader, for clients. Traders can trial the AvaTrade platforms and put their trading skills to the test with a free 21-day demo account.

AVATrade globally accept wire transfer deposits, with a minimum value of $/£/€500; credit/debit card deposits, with a minimum of $/£/€100; and in Kenya, ePayments are also accepted, such as Paypal, Webmoney, Skrill, and Neteller.


IG began as the original spread betting firm for gold within the UK. They were established more than 40 years ago, and have developed into one of the world’s most prominent brokers since that time. They offer a range of regulated services, including the provision of spread betting contracts and contracts for difference (CFDs). Clients are not limited to just one asset class, but have a wide range of financial markets that they can now trade on through IG’s powerful platforms. These include indices, currencies, stocks, and commodities.

As pioneers of not just online trading, but also the original iPhone trading app, IG now offer their trading facilities through web-browsers or via downloadable apps for a range of devices.

IG are also accountable to some of the most stringent regulatory regimes around the world. This ensures that their clients are protected, treated fairly, and that client money is kept separate to their own operational funds. IG are also subscribed to the FX Global Code of Conduct which highlights their belief in adopting good practices within the industry.

Traders from Kenya can visit the South Africa version of the IG website, which is in English, allowing them to access all of the in-depth information listed there. Just some of the financial markets that may be of interest to Kenyan traders include the South Africa 40 index, and the USD/ZAR currency pair.


XTB are providers of brokerage services throughout the world. The company was established in Poland as X-Trade, where they were pioneers of leveraged trading of Forex pairs in the country. They were soon regulated by the Polish financial supervisory authority, Komisja Nadzoru Finansowego (KNF), and subsequently developed a presence in the rest of Europe. Just some of the countries that they have now extended their presence to include Belize, Germany, France, the UK, and Chile.

Traders from Kenya are able to access the services provided by XTB through their global offering, XTB International Limited (XTB). The headquarters of their international office is based in Belize, and they are licensed by the international regulatory authority, the IFSC (International Financial Services Commission). The international website is in English, which is one of the official languages spoken in Kenya, making the information accessible to Kenyan traders.

There are two types of account available to traders from Kenya: Standard Accounts and Pro Accounts. Both can be funded with US dollars and deposits can be made with Skrill (Paysafe) and Neteller. eWallet transfers may be subject to charges, however traders can transfer funds from a bank account or use their debit/credit card to for account deposits free of charge.

Just some of the 1500 markets available to clients from Kenya include currency pairs such as USDGBP, EURGBP and the cryptocurrency / currency pair, BTCUSD. Commodities, Exchange-Traded Funds (ETFs), indices, and a variety of popular global stocks are also available as contracts for difference (CFDs) for traders.

One of XTB’s distinguishing features is the powerful proprietary trading platform that they offer, xStation 5. This includes several advanced features such as charting capabilities, market depth analysis and ultra-fast execution speeds. Clients can alternatively opt for an enhanced version of the MetaTrader 4 platform, if they prefer.

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Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.