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 Name | CMA Regulated | Base currency | Min deposit | Currency pairs | Platforms | EUR/USD average spread | Funding methods |
| Exness | Yes | KES, USD, GBP, AUD, US cents, GB pence, Au cents | 10 USD | 100+ | MT4, MT5, Exness trader app | 1pip | MPesa, e-Wallets, Cards, banks, cyrpto |
| HF Markets | Yes | KES, USD, US cents, EUR, NGN, & JPY | zero | 50+ | MT4, MT5, HFM app | 1.2 pips | Mpesa, e-Wallets, cards, banks, crypto. |
| FxPesa | Yes | KES, UGX, TZS, USD | 5 USD | 50+ | MT4, MT5, EquitiTrader. | 1.4 pips | Mpesa, Eazzypay, Airtel money, Vodacom, HaloPesa, TigoPesa, E-Wallet, Mobile money, local banks, cards |
| FxPro | No | USD | 100 USD | 50+ | MetaTrader, cTrader, FxPro web trader & mobile app | 1.7 pips | Bank Wire, Cards, Skrill |
| Scope Markets | Yes | KES, USD | 100 USD | 60+ | MT5, scope trader, scope copy | 1.1 pip | Mpesa, e-Wallets, cards, bank, |
| Pepperstone | Yes | KES, USD, EUR, GBP, CHF | Zero | 60+ | MT4, MT5, C-Trader | 1.12 pips | Mpesa, 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).