The max. The leverage for forex is HotForex provides trading to clients through the MT4 and MT5 trading platforms. These platforms are available on the web, app, iOS, Android, and PC.

They are also available on Google Play and Apple Store. The minimum deposit on HotForex depends on the payment method you are using. HotForex does not charge fees for deposits or withdrawals. Or you can deposit via Dusupay which has Kes. HotForex client support is available via email, live chat, and phone.

They have a Kenyan phone number available for Kenyan clients. The live chat is also instant- just a few seconds wait time.

They were registered by the Kenyan CMA in and have an authorized license number SCFM has two account types, the gold and silver accounts. The FX spread on EURUSD is 1. There is no trading commission on the Silver account.

Deposits can be made via Banks, MPesa, Credit and Debit cards, etc. Deposits and withdrawals are without charge. Scope Markets offer around 63 CFD Instruments to clients in Kenya. The trading platform offered by Scope Market is the MT4 and MT5 trader. They are available on MAC, Windows, iOS, Android, and the web. Scope Market Kenya has email, live chat, and a local Kenyan number to call. The live chat is responsive when tried.

Customer support is available for 24hrs every day and five days a week. Pepperstone Group was established in in Australia. In Kenya, the company is operating under the name Pepperstone Markets Kenya limited. They are authorized by the Capital Markets Authority with license number Pepperstone offers two trading accounts; the Razor and Standard accounts.

The spreads for both accounts are given below. Deposits and withdrawals can be made on Pepperstone through these methods; Bank transfer, Visa, Mastercard, MPesa, and PayPal. Withdrawals made by banks usually take 3 to 5 working days as processing time. The account can be opened in USD or GBP as the base currency. The trading platform on Pepperstone are; MT4, MT5, cTrader, and Social trading platforms.

These platforms are available for PC, web, and mobile devices. Pepperstone offers 62 currency pairs, CFDs on plus U. S shares, U.

In total, the broker offers over CFD instruments to clients. Pepperstone has three customer support options. The chatbox, email, and phone number. You can also visit them at their Kenya office. The replies on the chatbox are instant. However, it takes between 2 to 3 minutes to get a response from your transferred agent. The phone lines are available 24hrs daily and only 5 days per week. For the email, it takes around 30 minutes for their email support to respond.

However, it only acknowledged receipt of the complaint and not the issue. Exinity Capital East Africa is a company under which FXTM and Alpari International operate. This broker is registered with the Kenyan CMA with license number In Kenya, Exinity group operates as ForexTime FXTM.

FXTM offers three account types to clients. They are the Micro, Advantage, and Advantage plus accounts. The typical spread on FX majors on ForexTime begins from 1. The Advantage account has a commission of 0. FXTM also charges an inactivity fee for a dormant account over a six months period. FXTM uses the MT4 and MT5 trading platforms coupled with other trading tools. Deposits on FXTM are without charge, however, there are charges applied to withdrawals via some payment methods.

Deposits are processed instantly except in cases where there is a need for internal verification. The customer support options on FXTM are quite much. However, we tested the live chat and email.

Replies on the chatbox were instant. However, it only answered questions it was programmed to answer. It works more like a bot. The email we sent was answered in a few hours. The CMA acts in the best interest of forex traders. As an authority over forex brokers, they make sure financial services providers are set up to reduce the risk traders are exposed to.

In this section, we will be looking at the structures the FCA has put in place to protect you and your funds. The maximum leverage for retail traders is currency pairs.

There are leverage restrictions for commodities, indices, and stocks too. The restriction ensures that you do not abuse leverage. Brokers by Account Type. Brokers by License. Brokers Types. Day Trading Platforms. Brokers by Country. Forex Traders on Social Media. Forex Brokers Payment Gateways. Broker Reviews. Top 10 Best Rated Brokers. Top 10 African Brokers. Top 10 European Brokers. Top 10 US Brokers. CFD Trading. Case Studies.

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Visit Broker. Scope Markets Minimum Deposit. Step 2 : Registration Form The next step is to complete a general registration form and set up a secure password in order for the process to be completed. Scope Markets Deposit and Withdrawal Scope Markets make multiple popular and trusted deposit and withdrawal options available, including Credit Card Visa or Mastercard , Skrill, Neteller, Wire Transfer, and several other alternative methods.

Scope Markets Customer Reviews 5 Star Broker. Thank you to the customer support team for their help — much appreciated. I am new to trading and Scope Markets have made the process so easy! Very Happy! You might also like: Scope Markets Review You might also like: Scope Markets Account Types Overview You might also like: Scope Markets Demo Account — Step by Step You might also like: Scope Markets Fees and Spreads You might also like: Scope Markets Sign up Bonus Frequently Asked Questions Are my deposits safe with Scope Markets?

How does the minimum deposit of Scope Markets compare to similar brokers? The Scope Markets minimum deposit when compared to Similar Brokers can be classed as Low. What are the deposit methods for Scope Markets? What are the deposit currencies for Scope Markets? The deposit currencies made available will depend on the base currency chosen by the trader. How long does a withdrawal from Scope Markets take?

Author Details. Facebook Twitter Youtube Linkedin Instagram. Louis Schoeman. Table of Contents. You might also like. GO Markets Review Overall, GO Markets can be summarised as a safe broker that provides competitive spreads on Contracts for Difference CFDs. GO Markets Sign Up Bonus GO Markets does not offer a Sign Up Bonus. A - Z Brokers:. Trade with a Regulated Broker. As Seen On:. Want to stay in the loop? Subscribe to receive exclusive offers, latest broker news and academy tips and tricks.

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We have checked and listed some locally CMA regulated forex brokers in Kenya. Online Forex Brokers in Kenya are regulated by The Capital Markets Authority CMA. It is advised for forex traders to only trade with CMA authorized forex brokers for the safety of their funds. Trading with an unregulated broker is highly risky as you can lose your funds since you are not protected by law. In fact, trading with an unlicensed broker in Kenya is considered illegal. Now check the brief description of all the above-listed CMA regulated Forex brokers one by one.

FXPesa Broker was founded in and it is the brand of EGM Securities which is licensed by the CMA under the company name EGM Securities Limited. Their license number with the CMA is The parent company of EGM Securities i.

Equiti Limited Group is also licensed in the UK with FCA. FXPesa has two trading account types; the Executive and Premiere accounts. The typical spread on FX majors for both accounts are:. They accept payments via MPesa for deposits. For withdrawals, the methods are the same as that of deposits. You can withdraw via Bank Transfer or MPesa, which are the most common methods. Withdrawals via Bank Transfer to a local bank account in Kenya are free but can take up to 3 days.

For withdrawal with E-wallets and mobile payments including MPesa, the processing time is 3 hours. The client support on FXPesa has Live Chat, Email, and Phone Number in Kenya. We found their support to be helpful in answering our queries. HotForex Kenya was authorized in They are a part of HotForex Markets Group which is well regulated with multiple regulators. HotForex operates under the company HFM Investments Kenya. HotForex offers trading on 53 currency pairs and over CFDs on Commodities, Metals, Indices, Energies, and Bonds to clients in Kenya.

The max. The leverage for forex is HotForex provides trading to clients through the MT4 and MT5 trading platforms. These platforms are available on the web, app, iOS, Android, and PC. They are also available on Google Play and Apple Store. The minimum deposit on HotForex depends on the payment method you are using. HotForex does not charge fees for deposits or withdrawals.

Or you can deposit via Dusupay which has Kes. HotForex client support is available via email, live chat, and phone. They have a Kenyan phone number available for Kenyan clients. The live chat is also instant- just a few seconds wait time. They were registered by the Kenyan CMA in and have an authorized license number SCFM has two account types, the gold and silver accounts.

The FX spread on EURUSD is 1. There is no trading commission on the Silver account. Deposits can be made via Banks, MPesa, Credit and Debit cards, etc. Deposits and withdrawals are without charge. Scope Markets offer around 63 CFD Instruments to clients in Kenya. The trading platform offered by Scope Market is the MT4 and MT5 trader. They are available on MAC, Windows, iOS, Android, and the web. Scope Market Kenya has email, live chat, and a local Kenyan number to call.

The live chat is responsive when tried. Customer support is available for 24hrs every day and five days a week. Pepperstone Group was established in in Australia. In Kenya, the company is operating under the name Pepperstone Markets Kenya limited. They are authorized by the Capital Markets Authority with license number Pepperstone offers two trading accounts; the Razor and Standard accounts.

The spreads for both accounts are given below. Deposits and withdrawals can be made on Pepperstone through these methods; Bank transfer, Visa, Mastercard, MPesa, and PayPal. Withdrawals made by banks usually take 3 to 5 working days as processing time. The account can be opened in USD or GBP as the base currency. The trading platform on Pepperstone are; MT4, MT5, cTrader, and Social trading platforms. These platforms are available for PC, web, and mobile devices.

Pepperstone offers 62 currency pairs, CFDs on plus U. S shares, U. In total, the broker offers over CFD instruments to clients. Pepperstone has three customer support options. The chatbox, email, and phone number. You can also visit them at their Kenya office. The replies on the chatbox are instant. However, it takes between 2 to 3 minutes to get a response from your transferred agent.

The phone lines are available 24hrs daily and only 5 days per week. For the email, it takes around 30 minutes for their email support to respond. However, it only acknowledged receipt of the complaint and not the issue. Exinity Capital East Africa is a company under which FXTM and Alpari International operate. This broker is registered with the Kenyan CMA with license number In Kenya, Exinity group operates as ForexTime FXTM.

FXTM offers three account types to clients. They are the Micro, Advantage, and Advantage plus accounts. The typical spread on FX majors on ForexTime begins from 1.

The Advantage account has a commission of 0. FXTM also charges an inactivity fee for a dormant account over a six months period. FXTM uses the MT4 and MT5 trading platforms coupled with other trading tools. Deposits on FXTM are without charge, however, there are charges applied to withdrawals via some payment methods. Deposits are processed instantly except in cases where there is a need for internal verification. The customer support options on FXTM are quite much. However, we tested the live chat and email.

Replies on the chatbox were instant. However, it only answered questions it was programmed to answer. It works more like a bot. The email we sent was answered in a few hours. The CMA acts in the best interest of forex traders. As an authority over forex brokers, they make sure financial services providers are set up to reduce the risk traders are exposed to.

In this section, we will be looking at the structures the FCA has put in place to protect you and your funds. The maximum leverage for retail traders is currency pairs. There are leverage restrictions for commodities, indices, and stocks too. The restriction ensures that you do not abuse leverage. Leverage amplifies losses. Lower leverage ensures that traders are not exposed to damaging losses. This has good implications for forex traders.

Any model with a conflict of interest is not allowed. That is, a broker should not stand to gain financially from the results of your trades except via normal trading fees. This means forex brokers in Kenya cannot have a dealing desk. This protects traders by ensuring that brokers cannot manipulate market prices for their own gain. Pepperstone, Exintity, and EGM Securities are one of the brokers that are in compliance with this policy. To register with a regulated forex broker in Kenya, prospective traders should carefully follow the steps listed below.

FXPesa Broker was founded in and it is the brand of EGM Securities which is licensed by the CMA under the company name EGM Securities Limited. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. Visit Broker. It is advised for forex traders to only trade with CMA authorized forex brokers for the safety of their funds. Verification takes a maximum of 24 hours. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. Get Your Free Ebook.

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