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Best Stock Brokers in Kenya and How to Start Trading

Best Stock Brokers in Kenya and How to Start Trading

Before deciding to invest, it is important to choose the best stock broker. The process of finding the best stock broker can be a tiring process. Therefore, we have put up the best stock brokers in Kenya for you to choose from;

1. XM Broker

XM is an award-winning forex and CFD broker that is available in over 190 countries on 5 continents, and has been functioning since 2009. It is the best stock broker overall in Kenya.

The minimum amount you can deposit on this platform is $5. Its spreads can go as low as zero spreads, and has a maximum leverage of 1:888. It has zero commissions on all trades, and also offers a solid educational offer for Beginner Traders with daily interactive live trading rooms.

2. HotForex

Hotforex is a top forex and commodities broker that has been operating since it was established in 2010. It offers great customer support to all, and is beginner-friendly.

HotForex requires a minimum deposit of $5, with the lowest spreads as low as 0.0 pips, and a maximum leverage of 1:1000. It offers lots of premium Metatrader Tools and Indicators such as AutoChartist, and is also commission-free.

Read: Odibets Owners, Shareholders, Maximum Stake and Winnings

3. Exness

With a trust score of ninety-eight percent, Exness is among the best brokers. It continues being on top of the list, even though it is not yet regulated by the Capital Markets Authority (CMA) in Kenya.

Here, you can deposit as low as $1, with average spreads from 1.3 pips. It has a commission of $3 and $10 per lot for CFDs. Also, it has no deposit or withdrawal fees and has a sign-up bonus of $10, for first-time traders. Its maximum leverage is 1:2000.

4. AvaTrade

AvaTrade is an online trading platform that was founded in 2006, and has its headquarters in Dublin, Ireland. It offers something for everyone where, there is a demo account that allows beginners to learn how to trade. Advanced traders are also able to test their strategies in an environment with zero risks.

AvaTrade requires a minimum deposit of &100 with its spreads being 0.9 pips, just slightly under the industry average, yet higher than the spreads on entry level accounts offered by CMC markets and Tickmill. Its maximum leverage is at 1:400.

The platform offers a free welcome bonus that go up to $10,000 when you deposit $500 or more. Also, if you deposit a maximum of $10,000, you can get a free iPhone XS Max. However, AvaTrade does not offer any commissions on Forex, and there is also no deposit or withdrawal fees required.

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