What is a Binary Option?
A binary option is a financially exotic option in which the payoff is either some fixed monetary amount or nothing at all. The two main types of binary options are the cash-or-nothing binary option and the asset-or-nothing binary option.
Best Binary Options Brokers In Kenya
Quotex Broker
IQ Option Broker
Pocket Option Broker
Olymp Trade Broker
ExpertOption Broker
Binomo Broker
Who is the richest binary options trader in Kenya?
The most well-known successful binary options trader is Paul Mugenda. He’s rumored to have a net worth of several million shillings, all earned from binary trading in Kenya.
Is binary trading legal in Kenya?
Yes, binary options trading is legal in Kenya but not yet fully regulated.
What is the best time to trade binary in Kenya?
According to a survey of binary options traders, the best time of day to trade is between the hours of 6.00–12.00 GMT and 18.00–0.00 GMT. This is when the highest percentage of profitable trades are made.
How much do forex traders make a month in Kenya?
The estimated total pay for a Forex Trader is KES 500,018 per month in the Kenya area, with an average salary of KES 200,000 per month.
These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and is based on salaries collected from our users.