5/10/ · The most popular trading platforms in Kenya are the MT4 & MT5. All the popular brokers like Hotforex, Forextime provide trading on these two platforms with additional support for WebTrader and mobile devices. MT4 & MT5 are popular and widely used not only in Kenya but around the globe as blogger.comted Reading Time: 7 mins 4/13/ · IC Markets our nomination as the Kenyan broker with the best forex trading platforms for beginner and advanced traders. Among the best brokers in Kenya we reviewed, IC Markets is highly recommended for Forex traders who prefer using powerful trading platforms, including: cTrader; MetaTrader 4; MetaTrader 5 platformsEstimated Reading Time: 9 mins Kenya is the third-largest economy in sub-Saharan Africa, behind Nigeria & South Africa, and one of the most-productive economies across Africa. Kenya is considered the East African business, finance, & technology hub. Online Forex trading in Kenya is regulated by the Capital Markets Authority (CMA)
7 Best Forex Brokers in Kenya (Ranked!) - In-Depth Reviews
Last Updated: April 9, Trading platform is the interface offered by brokers to facilitate trading. It is arguably one of the most important features to consider before signing up with the broker. It should have a downloadable desktop app, mobile app or a web-based trading platform with live uninterrupted data feed, an ability to customise the chart views with a clean and aesthetic User Interface UI.
Ease of setup and grievance handling abilities are nice add-ons to a broker with a good trading platform and should have a significant weight in your decision to go with one. Now we will explore the detailed features of each broker in our list, one by one, starting from Hotforex. HotForex is a global award-winning broker regulated under FSCA since They offer very low spreads on their trading platforms.
HotForex does not charge any on deposits or withdrawals. And withdrawals placed before 10 AM are processed on the same day. Designed for trading numerous types of instruments, Metatrader versions are the most used trading platforms among the trading community for their convenience and rich functionality.
Their MT5 offers fundamental analysis in addition to technical charts that MT4 comes equipped with and offers additional financial instruments like CFDs on stocks and commodities. With more charting on multiple timeframes in MT5, the traders can easily implement their strategies, chalk out entry and exit points and finally help themselves to profit.
Plus is a CFD broker that offers CFDs on a variety of instruments like stocks, Forex, Indices, commodities, Cryptocurrencies, ETFs as well as Options. It is regulated by multiple Top tier regulators i. FCA, ASIC etc. and Kenyan traders will be registered under the jurisdiction of CySEC of Cyprus. Plus has a proprietary trading platform that is easy to use, and beginners can benefit from its look and feel.
One can trade multiple markets from the same screen, with real-time quotes available. Its mobile platform is forex trading platforms in kenya with multi-asset trading capabilities. The platform is available for desktop Windows onlyMobile available for iOS, Android and a web trader also.
You can check the platform by the demo trade capability offered by the broker. With an attractive leverage and multilingual 24×7 support, it features among the best brokers.
It is one of the top CFD brokers by number of Active traders in with more thanactive traders. FXTM offers the industry-leading trading platforms MT4 and MT5 for PC, Mac, mobile or tablet to suit beginners as well as advanced traders. A webtrader is also available for those who want to directly trade from the browser.
FXTM even offers a multi-account manager MAM on MT4 which lets you trade with multiple accounts. FXTM also has ECN accounts, and they are regulated by FCA in the UK, FSCA of South Africa and has been in the industry since Standard account has tight floating benchmark spreads starting from 1, forex trading platforms in kenya.
FXTM has easy deposit and withdrawals, forex trading platforms in kenya, charges no commission on deposits and processes withdrawals usually under 24 hours with commission depending on the mode of transaction. XM Forex offers MT4 and MT5 for PC and Mac, android and iOS as well as for Ipad. It also offers MT4 Webtrader where one can trade from the web browser itself without downloading anything. XM offers over trading instruments through its MT4 and MT5 in Forex, CFDs and Futures.
They are regulated and licenced by reputed authorities, forex trading platforms in kenya, but Kenyan traders are registered under the jurisdiction of XM Global IFSC. It is a low-cost broker and claims no slippages in the trades executed.
Through MT4 offering, a single login access is provided by XM for all 8 MT4-enabled devices and through MT5 offering, a single login access is provided for all 7 MT5-enabled devices. With a freedom to use Expert Advisors and a One click trading functionality where one can open or close trades with just one click allowing a quick lock-in to profits, professional traders can really benefit.
XM also allows hedging to the trading portfolio. XM Forex forex trading platforms in kenya can be used to track trades or even place trades, forex trading platforms in kenya, if one registered for MT4 or MT5 platforms. Etoro is a social trading platform setup back in A unique experience forex trading platforms in kenya users can interact with fellow traders and copy their trades, enabling beginners and advanced traders to profit from their combined strategies.
One can check out Etoro by opening a virtual forex trading platforms in kenya before putting real money. There is a research tab offering market depth. Other notable functionalities include One-click trading, stop loss, trailing stop loss and offline trading capabilities. Depending on the instruments, there are CFDs as well as delivery-based assets.
Withdrawals can be done via wire transfer, Paypal and even to Credit cards to the same account where the funds were deposited. Estimated withdrawal process time is days for many payment providers. Multi-device support: Make sure the trading platform is available on multiple devices, which gives you access to the trades on the move.
Being able to access it on mobile as well as tablets, you will not miss major profit-making opportunities. Multiple order types: It is important to place the order based on the situation hence different types of order placing capabilities can really make a difference. Stop loss orders, limit orders, market orders, buy stop or a sell stop order are different types which a trader can place depending on the circumstance, hence look for a trading platform that lets you access these, forex trading platforms in kenya.
No downtime: Some platforms tend to freeze during critical moments of a trade. Some platforms tend to remove stop loss orders and do not close the trade as per the given instructions which is unethical. Hence it is important to go through reviews and choose the one that performs well.
Available trading instruments should not limit your trading hence it is better to ensure all assets you would like to trade are available. Also, the content helps to navigate the platform and familiarize with it.
Economic calendar also strategically impacts your trades, so a well-built calendar is quite useful. Check for reviews on the historical spread, commissions for various accounts on offer as well as minimum deposit and forex trading platforms in kenya fees. TradeForexKenya Editor Last Updated: April 9, Trading Platforms Proprietary for web, mobile. And FXTM trader app. Visit Hotforex. Read Hotforex Review, forex trading platforms in kenya. Visit Plus Visit FXTM. Visit XM.
Read XM Forex Review. Visit Etoro. Hotforex is 1 rated FX platform Visit. Back To Top. Regulation s : FCA, FSCA, CySEC. Visit Broker. Regulation s : FCA, ASIC. Regulation s : FCA, FSCA. XM Forex. Regulation s : ASIC, CySEC. Regulation s : FCA, CySEC.
Best Forex Brokers In Kenya 2021 (TOP 10)
, time: 6:035 Best Forex Trading platforms in Kenya - Features, Fees compared!
Kenya is the third-largest economy in sub-Saharan Africa, behind Nigeria & South Africa, and one of the most-productive economies across Africa. Kenya is considered the East African business, finance, & technology hub. Online Forex trading in Kenya is regulated by the Capital Markets Authority (CMA) 4/13/ · Here is our list of the best forex brokers in Kenya. IG - Best overall broker , most trusted ; Saxo Bank - Best for research, trusted global brand; Interactive Brokers - Great for professionals and institutions; XTB - Best customer service, great trading platform; blogger.com - Great all-round offering; eToro - Best copy trading platform; AvaTrade - Multiple trading platform optionsEstimated Reading Time: 2 mins 5/10/ · The most popular trading platforms in Kenya are the MT4 & MT5. All the popular brokers like Hotforex, Forextime provide trading on these two platforms with additional support for WebTrader and mobile devices. MT4 & MT5 are popular and widely used not only in Kenya but around the globe as blogger.comted Reading Time: 7 mins
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