The Kenyan forex market is regulated since 2017 and brokerages operating in the country have to be registered with the CMA and raise at least 50 million Kenya Shilling, or around $500 000 in minimum capital to prove their good financial standing. Foreign dealers wishing to trade in Kenya will also be required to maintain an equivalent of 40 million Kenya Shilling, or $400 000 of their capital reserves in financial instruments in the country.
But does this mean that Forex brokers that are based in Kenya are safe to trade with? Does it mean that their trading experience will be top notch?
Here’s our list of brokers that won’t disappoint you in terms of trading experience and cost when it comes to spreads that they are charging. You might want to try them out to discover the advantages that they may have in comparison to your broker.
Reviews of Kenyan Forex Broker List
Tell us what your experience is like with any CMA licensed broker below