However, to make your task easier and help you find the best forex brokers in Kenya, we have researched extensively and have come up with a brief list of brokers that can really do the job for you and enable you to get the best out of the forex markets. Here they are…
This Mauritius-based online forex broker is an upcoming broker that provides traders of all types with a wide range of trading features and options to enable them to make the most out of different market conditions. The credit for the ever increasing popularity of this broker can be attributed to the fact that HotForex does all its business with honesty and openness.
HotForex provides its users 8 different trading platforms, including the standard MetaTrader 4. As you would expect with any experienced and reliable forex broker, HotForex provides easy to use, useful, and innovative trading features through all these platforms. Therefore, traders, both novice and experienced can use HotForex knowing fully that they can make the most of the market conditions with their interests fully safeguarded at all times.
HotForex understands that different traders have different trading requirements. Therefore, it provides 5 different trading account types – Micro, Premium, VIP, Islamic, and Currenex.
XM is a Cyprus-based forex broker that was formed by a group of forex professionals and interbank dealers in 2009. In choosing XM as a trading partner, traders can look forward to accessing a wide range of trading instruments including forex, CFDs, and commodities. As this forex service provider is based in Cyprus, it is regulated by both CySEC and other regulatory bodies that fall under the Eurozone.
4 different trading accounts are provided by XM and traders are free to choose any of them based on the features they’re looking for and their trading requirements. Also, while there are no direct commissions charged by the broker against the trades executed by the users, the broker makes its profits through trade spreads that start as low as 1 pip. The customer support for XM users is available in multiple languages 24/5 through live chat, e-mail, facsimile, and telephone.
A brand operated by Safecap Investments Ltd, Markets.com is a leading online CFD forex provider in the world today. It is regulated in various places with different financial bodies, including CySEC, FSCA (previously the FSB) and ASIC under Safecap, STA Global Investments Ltd and TradeTech Markets Limited. It is absolutely safe to trade with Markets.com as the interests of traders are safeguarded all the time. Today, Markets.com has its trade room offices and customer support service centers spread across major cities in the world. Its website can be accessed in more than a dozen languages.
With Markets.com, traders are able to carry out their trading activities across different trading platforms like MetaTrader 4, MetaTrader 5, Markets MobileTrader, and Markets Web Trader. Users of this broker also have a choice between 2 trading account types – Real and Demo Account. To have your queries addressed, the broker provides 24/5 assistance through its well-informed staff via e-mail, live chat, and telephone.
The flexibility and dynamic trading features that easy-markets provides its clients through its platforms are among many notable features it has. The best part of trading with easy-forex is that it lets you trade across different instruments including commodities. Today, easy-markets has its offices spread across the globe and offers its customers best-in-class support all through the forex trading sessions.
With easy-markets, you can trade in the markets through its web trading and MetaTrader4 platforms. Users are not required to download any additional software. In fact, they just need to open an account with the broker and they’re good to trade! With easy-markets users are also not required to pay commissions. This is because it has fixed spreads, thus allowing the trader know how much they’re required to pay even before they start trading. However, you’ll need to deal with floating spreads when trading commodities and CFDs.