List Of Licensed Forex Brokers In Kenya
The license is one of the determining criteria for traders when choosing a Forex broker. If we are talking about the legislative side of the issue, Forex rules and regulation indicate which regulator controls the activities of the brokerage, as well as determine the overall reputation of the company.
In this article Keweb.co tries to answer the question by publishing the full list of Licensed Forex Brokers in Kenya
Below are the full List of Licensed Forex Brokers In Kenya
IG – Best overall broker, most trusted
Saxo Bank – Best web-based trading platform
Interactive Brokers – Great overall, best for professionals
FOREX.com – Excellent all-round offering
XTB – Great research and education
AvaTrade – Great for beginners and copy trading
Capital.com – Great for beginners, easy to use
Who is the best forex broker in Kenya?
Best forex brokers in Kenya in 2023
- 1st place. Saxo Bank. Visit broker.
- 2nd place. Fusion Markets. Visit broker. 74-89% of retail CFD accounts lose money.
- 3rd place. Capital.com. Visit broker. 84% of retail CFD accounts lose money.
How do you check broker is registered or not?
On their official websites, every stock market broker must display their SEBI, NSE, or BSE registered ID. If in case your broker does not have a website, you can do so, check their registration certificate using SEBI Broker Registration.
How many forex traders are in Kenya?
The Capital Markets Authority of Kenya (CMA) government agency is in charge of regulatory oversight. It aims to license and regulate all forex brokers while safeguarding Kenyan consumers from fraudulent bad actors in the market. Kenya presently has an estimated 100,000+ forex dealers, and this figure is expanding.