Best Metatrader 4 Brokers In Kenya

What is a Metatrader 4 Broker?

MetaTrader 4 (MT4) is a trading platform developed by MetaQuotes in 2005. Although it’s most commonly associated with forex trading, MetaTrader 4 can be used to trade a range of markets including forex, indices and commodities, via CFDs.

Best Metatrader 4 Brokers In Kenya

Broker NameCMA RegulatedBase currencyMin depositCurrency pairsPlatformsEUR/USD average spreadFunding methods
ExnessYesKES, USD, GBP, AUD, US cents, GB pence, Au cents10 USD100+MT4, MT5, Exness trader app1pipMPesa, e-Wallets, Cards, banks, cyrpto
HF MarketsYesKES, USD, US cents, EUR, NGN, & JPYzero50+MT4, MT5, HFM app1.2 pipsMpesa, e-Wallets, cards, banks, crypto.
FxPesaYesKES, UGX, TZS, USD5 USD50+MT4, MT5, EquitiTrader.1.4 pipsMpesa, Eazzypay, Airtel money, Vodacom, HaloPesa, TigoPesa, E-Wallet, Mobile money, local banks, cards
FxProNoUSD100 USD50+MetaTrader, cTrader, FxPro web trader & mobile app1.7 pipsBank Wire, Cards, Skrill
Scope MarketsYesKES, USD100 USD60+MT5, scope trader, scope copy1.1 pipMpesa, e-Wallets, cards, bank,
PepperstoneYesKES, USD, EUR, GBP, CHFZero60+MT4, MT5, C-Trader1.12 pipsMpesa, PayPal, Cards, banks, telex

How much do forex traders make a month in Kenya?

KES 500K. 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 based on salaries collected from our users.

Is forex trading Legal in Kenya?

Yes, forex trading is legal in Kenya and has been growing in popularity over the past decade. There is an active forex trading community of roughly 100,000 individuals. The regulatory watchdog in the country is the Capital Markets Authority (CMA).