If you’re living in Kenya, you might want to learn more about MetaTrader, an online trading platform. This software is safe and secure, and can help you avoid making a bad investment. You can sign up for MetaTrader using your local bank account. Then, you can invest on the platform with the help of a live trainer.
Exinity East Africa
Exinity East Africa has recently obtained a new license from the Kenyan Capital Markets Authority to operate as a non-dealing forex broker. The new license enables Exinity to serve retail clients in Kenya. The company is one of the few brokers that are licensed by the Capital Markets Authority and is part of the Exinity Group, which also includes Windsor Markets and FXTM.
With its services, traders in Kenya can gain access to the forex, CFD, and stock markets. In addition to these, the broker has low trading costs. For example, it charges only $2 for FX trades and zero spreads for CFD trades. The company also provides M-Pesa support for deposits and withdrawals.
IG Markets
If you’re a Kenyan resident looking to trade on the Forex market, you might want to check out IG Markets MetaTrader 4 in Kenya. This broker has several advantages over its competitors, including low trading fees and no commissions. The broker also offers a mobile app that lets you buy and sell tradable assets. And its MetaTrader 4 platform is one of the most popular trading platforms around the world.
Opening an account with IG is simple. You can complete the registration process in just a few minutes. You’ll need to provide your contact information, financial details, and take a short test. IG also requires that you provide proof of residency and ID. These documents can include utility bills and bank statements.
FXTM
FXTM offers four base currencies. Users can choose to have their accounts in one of these currencies when they create an account. This will allow them to see all transactions and profits/losses in the currency they have chosen. However, it is important to note that FXTM does not offer the Kenyan Shilling as its base account currency. Therefore, deposits made with Kenyan Shilling will be converted to the trading account currency.
If you live in Kenya, you can open an account with FXTM MetaTrader 4 by choosing a registered broker. Make sure that you choose a reputable broker. You should also verify your account and fund it with a legitimate amount. In addition to this, make sure that you follow the capital management rules set by the broker. FXTM has been working with the Traders Union in Kenya for several years. They offer various trading accounts for both professionals and beginners. If you are a beginner, you should start with a demo account to see whether the platform works for you.
Scope Markets
If you’re looking to trade in the forex market in Kenya, you should check out Scope Markets MetaTrader 4. This broker has many advantages, including a low minimum deposit and no commissions. In addition, its account types offer a variety of different features, including variable spreads and negative balance protection. However, it is important to note that Scope Markets MetaTrader 4 in Kenya does not support withdrawals of money other than free margin. For this reason, you should keep your withdrawal amount in mind when holding open positions.
Scope Markets has an excellent customer support staff, which works round the clock and is multilingual. You can contact them directly using the phone numbers listed on the website. You can also visit their physical office in Westlands, Nairobi. Many clients have reported good experiences with the company’s customer support.
ThinkMarkets
ThinkMarkets is a good Forex broker in Kenya, with a good product line-up that supports most popular trading platforms. They also offer reasonable trading conditions for two separate accounts, and their education section is helpful for beginners. However, their market analysis section falls short when compared to international peers. ThinkMarkets is a solid Forex broker, but it could do with a few improvements. In particular, they could offer negative balance protection for their Kenyan clients, and be more transparent about their average spreads and withdrawal charges.
ThinkMarkets has more than 30 currency pairs, including the USDINDEX and US Crude Oil (WTI). Their spreads are low and start at 0.4 pips for major currencies, with an average of 1.5 pips for exotics. ThinkMarkets also offers low trading sizes, with a minimum live trading balance of $1.