Top Forex Broker Reviews in Kenya

XM

Est.

Est. 1970

Min Deposit: $5 Regulated by: FSC

XM stands out ias a reliable forex broker, offering competitive spreads and a user-friendly platform. With a strong focu...

Trust Score

XM Rating

0 8/10

1 8/10

2 8/10

3 8/10

4 8/10

5 9/10

6 8/10

7 7/10

8 8/10

Pepperstone Markets

Est.

Est. 1970 Australia

Min Deposit: $5 Regulated by: FCA

Pepperstone Markets

Trust Score

Pepperstone Markets Rating

0 8.3/10

1 8.1/10

2 7.8/10

3 9/10

4 8.2/10

5 7.6/10

6 7.8/10

7 8/10

8 7.9/10

HFM

Est. Nairobi

Est. 2010 Kenya

Min Deposit: $5

a descriptipn

Trust Score

HFM Rating

0 8/10

1 8/10

2 7/10

3 7/10

4 9/10

5 8/10

6 8/10

7 8/10

8 8/10

Exness

Est. Nairobi

Est. 2008 Kenya

Min Deposit: $5 Regulated by: FCA

Discover our comprehensive Exness review in Kenya, tailored for forex traders at every level. Find out if Exness is the ...

Trust Score

Exness Rating

0 8/10

1 8/10

2 8/10

3 7/10

4 9/10

5 7/10

6 8/10

7 8/10

8 7/10

JustMarkets

Est.

Est. 2012

Min Deposit: $5 Regulated by: FSC

Explore our comprehensive JustMarkets review tailored for forex traders in Kenya. Discover insights that could transform...

Trust Score

JustMarkets Rating

0 8/10

1 8/10

2 8/10

3 7/10

4 8/10

5 7/10

6 8/10

7 8/10

8 7/10

FBS

Est. Belize City

Est. 0 Belize

Min Deposit: $5

In my deep dive into FBS Forex Broker, I discovered a user-friendly platform packed with competitive spreads and flexibl...

Trust Score

FBS Rating

0 7/10

1 8/10

2 7/10

3 7/10

4 8/10

5 7/10

6 7/10

7 7/10

8 6/10

Good Forex Brokers in Kenya (60%+ Trust Score)

Solid brokers with reliable services

SuperForex

Est. Not Listed

Est. 2012 Not Listed

Min Deposit: $1

Explore our SuperForex review tailored for Kenyan traders. Uncover insights and make informed decisions on your forex jo...

Trust Score

SuperForex Rating

0 7/10

1 7/10

2 7/10

3 6/10

4 7/10

5 6/10

6 6/10

7 7/10

8 6/10

Below Average Forex Brokers in Kenya (0%+ Trust Score)

Brokers that need improvement in key areas

RoboForex

Est. Belize City

Est. 2009 Belize

Min Deposit: $5 Regulated by: IFSC

Explore our in-depth RoboForex review tailored for Kenya's forex traders. Discover insights and make informed decisions ...

Trust Score

RoboForex Rating

FXPesa

Est. Nairobi

Est. 2019 Kenya

Min Deposit: $5 Regulated by: CMA

Trading with a local broker is definitely attractive. It almost feels like the service is personalized to you. I can see...

Trust Score

FXPesa Rating

SuperForex

2 pip average spread

Overall Rating: 6.6

Overall Rating: 6.5/10

Min $1

Wide range of account types and trading instruments
Low minimum deposit requirement (as low as $1)
Supports multiple deposit and withdrawal methods, including cryptocurrencies

Largely unregulated or has scarce information on regulation status.
Limited educational resources compared to major brokers
Mixed user reviews about withdrawal speed and process

7/15/2025

JustMarkets

0.1 pip average spread

Overall Rating: 7.7

Overall Rating: 7.6/10

Low minimum deposit requirement (as low as $1)
Multiple account types to suit different traders
Competitive spreads and leverage up to 1:3000

Not regulated by top-tier authorities (regulated by FSA Seychelles)
Limited educational resources for beginners
No US clients accepted

7/15/2025

RoboForex

0.1 pip average spread

Overall Rating: 7.4

Overall Rating: 0.0/10

Low minimum deposit requirement (as low as $10)
Wide range of trading instruments (forex, stocks, indices, cryptocurrencies, commodities)
Multiple account types including ECN, Prime, and Cent accounts

Not regulated by top-tier authorities (regulated by IFSC Belize)
Withdrawal fees apply to several payment methods
Inactivity fees charged after 12 months of no trading

7/12/2025

FBS

0.1 pip average spread

Overall Rating: 7.1

Overall Rating: 7.0/10

Wide range of account types catering to different trading needs
Competitive spreads and low trading costs
Strong global presence with multiple regulatory licenses

Limited educational resources compared to some competitors
Withdrawal fees may apply depending on the method used
Some negative reviews regarding withdrawal processes

XM

0.1 pip average spread

Overall Rating: 8

Overall Rating: 8.0/10

Low trading fees and competitive spreads
Wide range of trading instruments including forex, commodities, and indices
User-friendly trading platforms including MT4 and MT5

Limited availability of cryptocurrency trading
No support for U.S. clients due to regulatory restrictions
Inactivity fees may apply after 90 days of no trading

Pepperstone Markets

0.1 pip average spread

Overall Rating: 8.1

Overall Rating: 8.0/10

Low trading fees and competitive spreads
Access to a wide range of trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader
Strong regulatory oversight by multiple authorities such as ASIC, FCA, and CySEC

Limited product range, primarily focused on Forex and CFDs
No proprietary trading platform
Inactivity fees may apply

HFM

0.1 pip average spread

Overall Rating: 7.9

Overall Rating: 7.9/10

Regulated by multiple financial authorities including the FCA and CySEC
Offers a variety of account types suitable for different trading needs
Provides negative balance protection to safeguard traders

Limited educational resources compared to some competitors
Inactivity fees may apply to dormant accounts
Withdrawal fees can be high depending on the method used

IC Markets

0.82 pip average spread

Overall Rating: 8.3

Overall Rating: 8.1/10

Low spreads and competitive pricing
Access to multiple trading platforms including MetaTrader 4 and 5
Regulated by multiple authorities including ASIC and CySEC

Limited educational resources for beginners
No significant bonuses or promotions
Customer support may not be available 24/7

Exness

0.1 pip average spread

Overall Rating: 7.8

Overall Rating: 7.8/10

Low minimum deposit requirement
Wide range of trading instruments including Forex, CFDs, and cryptocurrencies
Competitive spreads and leverage options

Limited educational resources for beginners
Customer support may not be available in all languages
Withdrawal fees may apply depending on the method

FXPesa

0.3 pip average spread

Overall Rating: 7.8

Overall Rating: 0.0/10

Regulated by the Capital Markets Authority of Kenya
Offers a variety of trading instruments including forex, indices, and commodities
User-friendly trading platforms including MetaTrader 4 and a proprietary mobile app

Limited cryptocurrency offerings compared to some global brokers
Primarily focused on the Kenyan market, which may limit international appeal
Educational resources are not as extensive as some competitors