Best Kenya Day Trading Brokers 2022

Choosing the best day trading broker in Kenya will depend on the type of Kenyan trader you are and your day trading investment strategy. Day trading in Kenya is geared to more short term trades which requires financial instruments that have high liquidity so they are easy to sell for Kenyan day traders and are volatile so the price has great movement up and down in a day. If you are a new Kenyan day trader, you may want to stick to traditional assets like stocks, Forex, commodities, bonds and ETFs. When choosing a day trading broker in Kenya, consider the types of trades you'll be making and your trading strategy. Kenyan day traders use short-term market volatility. They purchase and sell stocks during the day and exit their positions before the market closes. To find the best day trading broker in Kenya, consider the day trading platform's transaction fees and commissions, funding and withdrawal methods, customer service levels for Kenyan day traders, financial regulation in Kenya and day trading broker app features useful to you. There are many things to consider when choosing an online day trading broker in Kenya.

*please note this Kenya day trading Brokers guide is very indepth. But if you are serious about learning about day trading Brokers in Kenya take the time to read as much as you can.

Best Kenya Day Trading Brokers 2022 Table of Contents

Best Kenya Forex trading Brokers

Best Kenya Day Trading Brokers List Compared

Featured Kenya Forex Day Trading Brokers Forex Account Features

IC Markets

🌍 Platforms: MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac
Guarenteed Stop Loss: No, Negative Balance Protection: Yes

💵 Minimum Deposit: 200
👍 Used By: 180,000
IC Markets Tradable Asssets: 232
Forex Trading: Yes
Forex Pairs: 65
Forex Major Pairs: Yes
Forex Minor Pairs: Yes
Forex Exotic Pairs: Yes

🏛 Regulated by: Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Losses can exceed deposits
Visit IC Markets

eToro

🌍 Platforms: Web Trader, Tablet & Mobile apps
Guarenteed Stop Loss: No, Negative Balance Protection: Yes

💵 Minimum Deposit: 10
👍 Used By: 27,000,000
eToro Tradable Asssets: 2000
Forex Trading: Yes
Forex Pairs: 50
Forex Major Pairs: Yes
Forex Minor Pairs: Yes
Forex Exotic Pairs: Yes

🏛 Regulated by: Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)
78% of retail investor accounts lose money when trading CFDs with this provider.
Visit eToro

Roboforex

🌍 Platforms: MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps
Guarenteed Stop Loss: No, Negative Balance Protection: No

💵 Minimum Deposit: 1
👍 Used By: 10,000
Roboforex Tradable Asssets: 100
Forex Trading: Yes
Forex Pairs: 35
Forex Major Pairs: Yes
Forex Minor Pairs: Yes
Forex Exotic Pairs: Yes

🏛 Regulated by: Cyprus Securities and Exchange Commission (CySEC)
Losses can exceed deposits
Visit Roboforex

AvaTrade

🌍 Platforms: Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5
Guarenteed Stop Loss: No, Negative Balance Protection: No

💵 Minimum Deposit: 100
👍 Used By: 300,000
AvaTrade Tradable Asssets: 1250
Forex Trading: Yes
Forex Pairs: 55
Forex Major Pairs: Yes
Forex Minor Pairs: Yes
Forex Exotic Pairs: Yes

🏛 Regulated by: Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049)
71% of retail investor accounts lose money when trading CFDs with this provider
Visit AvaTrade

XM

🌍 Platforms: MT4, MT5, Mac, Web Trader, Tablet & Mobile apps
Guarenteed Stop Loss: No, Negative Balance Protection: Yes

💵 Minimum Deposit: 5
👍 Used By: 3,500,000
XM Tradable Asssets: 1000
Forex Trading: Yes
Forex Pairs: 55
Forex Major Pairs: Yes
Forex Minor Pairs: Yes
Forex Exotic Pairs: Yes

🏛 Regulated by: Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Visit XM

XTB

🌍 Platforms: MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
Guarenteed Stop Loss: No, Negative Balance Protection: Yes

💵 Minimum Deposit: 0
👍 Used By: 250,000
XTB Tradable Asssets: 4000
Forex Trading: Yes
Forex Pairs: 57
Forex Major Pairs: Yes
Forex Minor Pairs: Yes
Forex Exotic Pairs: Yes

🏛 Regulated by: Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa
74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Visit XTB

Pepperstone

🌍 Platforms: MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps
Guarenteed Stop Loss: No, Negative Balance Protection: Yes

💵 Minimum Deposit: 200
👍 Used By: 89,000
Pepperstone Tradable Asssets: 1200
Forex Trading: Yes
Forex Pairs: 70
Forex Major Pairs: Yes
Forex Minor Pairs: Yes
Forex Exotic Pairs: Yes

🏛 Regulated by: Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217
74-89 % of retail investor accounts lose money when trading CFDs
Visit Pepperstone

FP Markets

🌍 Platforms: MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps
Guarenteed Stop Loss: No, Negative Balance Protection: Yes

💵 Minimum Deposit: 100
👍 Used By: 10,000
FP Markets Tradable Asssets: 100
Forex Trading: Yes
Forex Pairs: 60
Forex Major Pairs: Yes
Forex Minor Pairs: Yes
Forex Exotic Pairs: Yes

🏛 Regulated by: Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)
Losses can exceed deposits
Visit FP Markets

Trading 212

🌍 Platforms: Web Trader, Tablet & Mobile apps
Guarenteed Stop Loss: Yes, Negative Balance Protection: Yes

💵 Minimum Deposit: 1
👍 Used By: 15,000,000
Trading 212 Tradable Asssets: 10000
Forex Trading: Yes
Forex Pairs: 177
Forex Major Pairs: Yes
Forex Minor Pairs: Yes
Forex Exotic Pairs: Yes

🏛 Regulated by: Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Visit Trading 212

NordFX

🌍 Platforms: MT4, MT5, Tablet & Mobile apps
Guarenteed Stop Loss: , Negative Balance Protection:

💵 Minimum Deposit: 1
👍 Used By: 10,000
NordFX Tradable Asssets: 50
Forex Trading: Yes
Forex Pairs:
Forex Major Pairs: Yes
Forex Minor Pairs:
Forex Exotic Pairs:

🏛 Regulated by: Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008
Losses can exceed deposits
Visit NordFX

Plus500

🌍 Platforms: Web Trader, Tablet & Mobile apps
Guarenteed Stop Loss: Yes, Negative Balance Protection: Yes

💵 Minimum Deposit: 100
👍 Used By: 15,500
Plus500 Tradable Asssets: 2000
Forex Trading: Yes
Forex Pairs: 100
Forex Major Pairs: Yes
Forex Minor Pairs: Yes
Forex Exotic Pairs: Yes

🏛 Regulated by: Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules
74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Visit Plus500

easyMarkets

🌍 Platforms: MT4, MT5, Web Trader, Tablet & Mobile apps
Guarenteed Stop Loss: Yes, Negative Balance Protection: Yes

💵 Minimum Deposit: 100
👍 Used By: 142,500
easyMarkets Tradable Asssets: 200
Forex Trading: Yes
Forex Pairs: 150
Forex Major Pairs: Yes
Forex Minor Pairs: Yes
Forex Exotic Pairs: Yes

🏛 Regulated by: Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI)
Your capital is at risk
Visit easyMarkets

FxPro

🌍 Platforms: MT4, MT5, cTrader, Tablet & Mobile apps
Guarenteed Stop Loss: No, Negative Balance Protection: Yes

💵 Minimum Deposit: 100
👍 Used By: 1,866,000
FxPro Tradable Asssets: 430
Forex Trading: Yes
Forex Pairs: 70
Forex Major Pairs: Yes
Forex Minor Pairs: Yes
Forex Exotic Pairs: Yes

🏛 Regulated by: Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB)
75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider
Visit FxPro

SpreadEx

🌍 Platforms: Web Trader, Tablet & Mobile apps
Guarenteed Stop Loss: Yes, Negative Balance Protection: No

💵 Minimum Deposit: 1
👍 Used By: 10,000
SpreadEx Tradable Asssets: 15000
Forex Trading: Yes
Forex Pairs: 55
Forex Major Pairs: Yes
Forex Minor Pairs: Yes
Forex Exotic Pairs: Yes

🏛 Regulated by: Financial Conduct Authority (FCA)
Losses can exceed deposits
Visit SpreadEx

Admiral Markets

🌍 Platforms: MT4, MT5, Mac, Web Trader, Tablet & Mobile apps
Guarenteed Stop Loss: No, Negative Balance Protection: Yes

💵 Minimum Deposit: 200
👍 Used By: 10,000
Admiral Markets Tradable Asssets: 148
Forex Trading: Yes
Forex Pairs: 40
Forex Major Pairs: Yes
Forex Minor Pairs: Yes
Forex Exotic Pairs: Yes

🏛 Regulated by: Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
Losses can exceed deposits
Visit Admiral Markets

Best Kenya Forex Trading Day Trading Brokers Of 2022 Compared

Here are the Best (KE) Kenya Forex Trading Day Trading Brokers.

Compare Forex Trading min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All day trading brokers below allow Forex trading. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more Forex trading that accept Forex trading clients

Broker IC Markets eToro Roboforex AvaTrade XM XTB Pepperstone FP Markets Trading212 NordFX Plus500 EasyMarkets FXPro SpreadEx Admiral
Rating
locality IC Markets accept Kenya Forex Trading clients eToro accept Kenya Forex Trading clients Roboforex accept Kenya Forex Trading clients AvaTrade accept Kenya Forex Trading clients XM accept Kenya Forex Trading clients XTB accept Kenya Forex Trading clients Pepperstone accept Kenya Forex Trading clients FP Markets accept Kenya Forex Trading clients Trading 212 accept Kenya Forex Trading clients NordFX accept Kenya Forex Trading clients Plus500 accept Kenya Forex Trading clients easyMarkets accept Kenya Forex Trading clients FxPro accept Kenya Forex Trading clients SpreadEx accept Kenya Forex Trading clients Admiral Markets accept Kenya Forex Trading clients accept Kenya Forex Trading clients
Regulation Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Cyprus Securities and Exchange Commission (CySEC) Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049) Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) Financial Conduct Authority (FCA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
Min Deposit 200 10 1 100 5 No minimum deposit 200 100 1 1 100 100 100 1 200
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 180,000+ 27,000,000+ 10,000+ 300,000+ 3,500,000+ 250,000+ 89,000+ 10,000+ 15,000,000+ 10,000+ 15,500+ 142,500+ 1,866,000+ 10,000+ 10,000+ 0+
Benefits
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Low min deposit
  • Guaranteed stop loss
  • Advanced Risk Management Tools
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Low min deposit
Accounts
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • Raw Spread account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Zero spread account
  • Islamic account
  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Mini account
  • Islamic account
  • Demo account
  • Standard account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
Platforms MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Web Trader, Tablet & Mobile apps MT4, MT5, cTrader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Learn More Sign Up with
icmarkets
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etoro
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roboforex
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avatrade
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xm
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xtb
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pepperstone
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fpmarkets
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trading212
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nordfx
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plus500
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easymarkets
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fxpro
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Risk Warning Losses can exceed deposits 78% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 71% of retail investor accounts lose money when trading CFDs with this provider CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 74-89 % of retail investor accounts lose money when trading CFDs Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Losses can exceed deposits 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider Losses can exceed deposits Losses can exceed deposits
Demo IC Markets
Demo
eToro
Demo
Roboforex
Demo
AvaTrade
Demo
XM
Demo
XTB
Demo
Pepperstone
Demo
FP Markets
Demo
Trading 212
Demo
NordFX
Demo
Plus500
Demo
easyMarkets
Demo
FxPro
Demo
SpreadEx
Demo
Admiral Markets
Demo

Demo
Excluded Countries AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, VG, AN, US, JP BE, BR, KP, NZ, TR, US, CA, SG US, CA, IL, KR, IR, MM, CU, SD, SY US, IN, PK, BD, NG , ID, BE, AU AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, YE, ZW US, JP, NZ US, CA US, CA, EU, RU, SY, KP, CU MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE US, CA, IR US, TR US, CA, JP, SG, MY, JM, IR, TR

What is Day Trading on Trading Platforms in Kenya?

A day trading platform in Kenya is a service used by Kenyan day traders who work with short-term volatility in the local and global financial markets. Kenyan day trading brokers should offer 24/7 live support. Many day trading platforms in Kenya provide live chat support to help new Kenyan traders. In addition to live support, day trading platforms in Kenya should have a demo account so you can practice on virtual financial markets before using real money. Even though there is no guarantee in trading, the vast majority of new Kenyan traders will lose money. You should know that all the best day trading platforms in Kenya are heavily regulated and must hold a financial license to offer financial trading services to Kenyan day traders.

The best day trading platform in Kenya should offer backtesting, which is an advanced tool that allows Kenyan traders to determine if a strategy is working. Past performance is no guarantee of future results, but the combination of tools can give Kenyan traders an edge over the competition. Without these day trading technical analysis tools, inexperienced Kenyan traders will lose money. Your earning potential will be dependent on the type of market you're in within Kenya, the capital you're working with, and the time you spend on day trading.

How Can I Find the Best Day Trading Broker in Kenya?

Finding the best day trading broker in Kenya is easier said than done. The key to success is a combination of features and price. Kenyan day traders want to find the best day trading brokers in Kenya that offer excellent service. In this article, we'll talk about the important factors to consider before choosing a day trading broker in Kenya. After all, you're going to be trading on the stock markets, Forex markets or maybe even the cryptocurrency markets so a high-quality day trading platform is crucial to a Kenyan day traders success.

First, Kenyan traders find out what their trading needs are. What tools will you need? Kenyan traders who focus on day trading will be looking for advanced charting tools and technical indicators. They'll also need a fully customisable trading screen and price-related alerts. A day trading broker in Kenya with all of these features should fit your needs. To find the best one, start by reading reviews and trying demo accounts on a few day trading platforms in Kenya to figure out what suits you best.

Which Day Trading Broker in Kenya Offers Lower Costs

Full-service day trading brokers in Kenya typically charge higher commissions. They also may charge for account maintenance and other services. Their compensation depends on how many trades Kenyan traders make and how much they invest. Discount brokers in Kenya may offer lower commissions because they only carry out buy and sell orders. Day trading discount brokers in Kenya usually charge less than full-service broker in Kenya, however, full-service day trading broker in Kenya are best for high-volume investors and individuals who do not have the time or desire to manage their own portfolios. Kenyan day traders should consider the minimum deposit and balance requirements for a day trading broker in Kenya before choosing one.

Good Day Trading Customer Service in Kenya

In order to select a day trading platform in Kenya with good customer service, Kenyan day traders must understand their approach to customer support. The best day trading brokers in Kenya will offer a range of contact methods, including non-invasive methods such as email, chat, and text messaging. These methods are helpful for Kenyan customers because they allow them to respond whenever it suits them. While there are some exceptions to this rule, there are several general trends in day trading customer support in Kenya. While small investors in Kenya and beginners will benefit from an excellent support team, heavy Kenyan day traders will find customer support an essential part of their trading success.

Day Trading Brokers in Kenya and Financial Stability

All financial regulated day trading brokers in Kenya must carry a level of trading insurance and offer a level of stability and protection for their Kenyan day trading clients. A regulated day trading broker with a good reputation and a history of serving succesful Kenyan day traders is essential when shortlisting day trading platforms in Kenya. Many unregulated offshore brokers in Kenya engage in highly risky businesses like leveraged lending or proprietary trading, so the financial stability of a Kenyan day trading firm is an important consideration. While it is impossible to guarantee the level of stability of a day trading broker in Kenya, financial regulators have a duty of care to Kenyan investors and will flag and codes of conduct issues which you will be able to find on the regulators main website.

One of the biggest issues facing the broker-dealer day trading industry in Kenya is the amount of capital each firm possesses. The more capital these firms have, the lower their risk of a crash. While day trading broker-dealer firms in Kenya have historically been large companies with access to the safety net of Kenya governments, this is not the case for all Kenyan day trading brokers.

Why Do Professional Investors Prefer Direct Access Brokers in Kenya?

Direct access brokers in Kenya provide the liquidity to meet the demand of Kenyan day trading investors. Kenyan traders don't have to wait for trading desks in Kenya to funnel orders. They can access real-time orders from liquidity providers directly. While Kenyan day traders will pay a commission, it's far less than that of a trading desk. The benefits of direct access brokers in Kenya include low fees, low account expenses and research. The ideal day trading broker in Kenya offers low account fees for stock, Forex, commodity, crypto trades and other financial instruments available to Kenyan day traders. Direct access offers a range of account types for Kenyan day traders, including tax-favoured retirement accounts and regular broker trading accounts. In addition, they may offer a variety of investment advice services to Kenyan day traders. The most important benefit is that direct access brokers in Kenya are more affordable than some other day trading options, but Kenyan traders will have to meet the minimum trading requirements.

What Are the Risks of Day Trading in Kenya?

Kenyan day traders typically suffer heavy financial losses for the first few months of trading. A majority Kenyan day traders never reach profit-making status. Therefore, it's essential for Kenyan day traders to invest only money you can afford to lose. Never risk money you use to pay your living expenses in Kenya, retirement, second mortgage, student loans, or any other financial assets. Day trading in Kenya is a serious endeavour and should only be undertaken with discretion by Kenyan day traders. It is not a suitable choice for Kenyan people with low risk tolerance, limited resources, or no experience in investing.

Day Trading Is Undercapitalised in Kenya

Investing a small amount of money each day in the stock market will allow you to learn how to make money when trading in Kenya. While day trading in Kenya can be a lucrative endeavour, it isn't easy. To become wealthy, you need to have enough capital. Most Kenyan day traders define rich as becoming a millionaire. You can start with as little as 200 KES or whatever the minimum deposit requirements are, and build your capital over time. Day trading in Kenya can be a rewarding experience if you take the time to learn what you are doing and learn technical analysis and risk management strategies. Kenyan day traders must remember to have patience.

Day Trading Brokers Offering Low Commission Fees in Kenya

The cost of a day trading broker in Kenya is important, but so is the price of its features. Kenyan day traders are interested in taking advantage of the minute-to-minute movements of a financial security. By buying and selling within a few minutes, Kenyan day traders are looking to profit from the spreads. During such times, customers need to call their day trading brokers in Kenya to resolve any issues. Some day trading brokers in Kenya have dedicated account representatives for highly active Kenyan traders. High volume Kenyan day traders will have more competitive trading fees and commission on offer from their day trading platforms in Kenya. Remember to always go for a Kenyan day trading broker who proides the lowest possible interest rates, so that you can profit more, when trading.

Do Day Trading Brokers Accept Cryptocurrency for Trading in Kenya?

If you're looking for a reliable day trading broker in Kenya that accepts crypto, there are a few things you need to know. Signup processes for different day trading crypto exchanges in Kenya vary. Some only require a valid email and password, while others require verification by phone call or photo of your face holding a Kenyan photo ID. All reputable day trading crypto exchanges in Kenya as part of their regulation should require a full KYC process. Regardless of how you choose to sign up, you must be sure that the broker you choose handles crypto and is licensed to offer crypto trading services in Kenya. Cryptocurrency day trading in Kenya is considered very high risk so Kenyan day traders should make sure they understand the volatility of crypo markets well before trading.

Choosing Day Trading Brokers With the Best Trading Tools in Kenya

When choosing a day trading broker in Kenya, it is important to find one that offers a wide range of useful day trading tools. A day trading platform in Kenya that has a good selection of live market data, technical analysis and risk management tools and educational resources is a must for Kenyan day traders. Technical indicators help Kenyan day traders spot trends and risks when research financial instruments. Having trading alerts and stop loss features are essential components to a Kenyan day traders toolset.

How Do I Open a Day Trading Account with the Choosen Broker in Kenya?

  • Shortlist regulated day trading brokers in Kenya.
  • Register with your shortlisted day trading platforms and submit proof of ID and proof of Kenyan address.
  • Learn how to use day trading tools on your Kenyan day trading platform.
  • Research global financial markets on your day trading platform in Kenya.
  • Fund your Kenyan day trading account.
  • Place a buy or sell order on a financial instrument, setting stop loss or limit orders as risk management.
  • Withdraw funds from your Kenyan day trading platform.

Depending on the platform in Kenya you choose to use, the minimum amount to deposit is different. Some brokers in Kenya require as little as 100 KES before you can open an account. However, the more you deposit, the greater your potential returns or loss. The best way to get started is to sign up for a day trading broker in Kenya account with a low minimum balance and practice day trading for a few weeks or months. Kenyan day traders must consider when funding to a day trading account in Kenya, to use only money they can afford to lose.

Once you have chosen your day trading broker in Kenya, you can choose the type of account you want. There are two main types of accounts: day trading and investing. A day trading account is a more advanced form of online trading than a standard investment account, and it allows you to trade a variety of different financial instruments. A day trading account with a broker in Kenya is different from a traditional investment account, and it's important to choose the right one for you and your investment strategy.

How Do I Start Day Trading as a Beginner in Kenya?

A good day trading strategy in Kenya should be based on your risk tolerance. Beginners should start small and stick with strategies they are comfortable losing. Losing money is normal during the day trading learning process, and it's important for Kenyan day traders to stick with learning as much as they can. It can take years to learn to become an effective day trader. Kenyan day traders should Learn all they can about the financial markets before jumping in head first. A successful Kenyan day trader has put in years of studying and practice. Learn all you can to minimise your mistakes and increase your profits when trading on day trading platforms in Kenya.

Do Day Trading Broker in Kenya Offer Paper Trading Options?

Yes, and the paper trading option allows prospective clients to test out their Kenyan broker's services. Paper trading allows clients to test out their broker's platform in Kenya without funding an actual account. Some paper trading platforms in Kenya allow Kenyan users to access reports and market research that they may not be familiar with. If the test results are positive, potential clients will become paying customers. Paper trading builds trust and showcases the day trading broker services.

Practice Trading on a Day Trading Platform in Kenya Before Using Real Money to Invest

A demo trading account can also be a great way to practice new trading strategies in Kenya before using real money. This way, you can learn to read and interpret charts and technical indicators, and to refine your trading strategies. You can even keep two demo trading accounts, and trade in both to practice different order types. You can even execute as many as 30 practice trades to determine which one is best based on the live market data. Using a demo trading account in Kenya can reduce the risk of making mistakes while building confidence.

Develop a Trading Strategy and Have a Trading Plan on your Day Trading Platform in Kenya

Before Kenyan day traders begin trading, they must decide what investment instruments they will use, for example stocks and share, currencies, commodities, ETFs, futures, crypto assets. It is imperative to develop a trading strategy in Kenya that will minimise your risks and maximise your potential for profit. Kenyan traders must choose the best time to trade based on your market knowledge.

Set a profit target and a risk/reward ratio that is realistic. When setting a stop-loss, many Kenyan traders will avoid taking trades because they think they have a low profit potential. For example, a $10 stop loss would require a Kenyan trader to make $30 for every share they traded. Establish your profit goals for the week, month, and year. Review these goals regularly to make sure they are realistic.

Start Investing with Small Amounts on Day Trading Platforms in Kenya

Whether you want to start small with a virtual demo account or invest smaller amounts in Kenya, the best option for small amounts is generally to invest in a small business. Some day trading platforms in Kenya have social features that make it easier for beginners to invest in stocks with lower market caps. The social and copy trading aspect may appeal to Kenyan day trading beginners. With a community of people on the platform in Kenya, you can decode the complexities of investing by following and monitoring more experienced investors and figure out the best way to proceed for day trading in Kenya.

Can I Day Trade on Multiple Day Trading Platforms in Kenya?

Yes, but there's also a downside to multiple trading platforms in Kenya. The downside of day trading is that you can end up with permanent account limits. The best thing to do is to learn about each day trading platform in Kenya, their day-trading restrictions and the minimum account balances. The main reason to choose a day trading platform in Kenya is to use the tools and resources available to maximise your profits. The speed of execution and price quotes are important for Kenyan day traders, so choosing the right platform in Kenya can increase your chances of success. A Kenyan day trader needs to monitor volatility constantly, which means that their trading platform in Kenya should provide them with real-time margin and buying power updates. Furthermore, you can customiae your trades and turn off the trade confirmation screen if you want to concentrate on more important factors.

How Can I Fund My Day Trading Account in Kenya?

The first step to getting started in day trading is to fund your account in Kenya. Most investors in Kenya use a credit card, but you may want to think about other methods. Only fund a day trading account that is backed by financial regulation in Kenya. Funding options vary from day trading platform but available funding methods include : Bank Transfer, Credit Cards, Discover, JCB Card, Visa Card, Mastercard, American Express Card, Debit Cards, Wire Transfer, PayPal, Skrill, Neteller, MPesa, Bitcoin, Ethereum, XRP, Payoneer, Paysafe, Qiwi, SafeCharge, Ayden Google Pay, AndroidPay, AlliedWallet, Barclaycard, BiuoWallet, Brinks, Papaya, PayTM, PayToo, Puut Wallet, Ecopayz, Leopay, epayments, WalletOne, Boku, Kuapay, Microsoft Pay, BigPay, SamsungPay, Alipay, Amazon Pay, Apple Pay, BitPay, BPAY, Easypaisa, Klarna, Trustly, WebMoney, WeChat Pay, Yandex.Money, Venmo, Western Union, MoneyGram, Rapid Transfer, iDeal, POLi, Maestro, China UnionPay, WebPay, Spei, ThunderX, Perfect Money, AdvCash, NganLuong Wallet, AstroPay, efecty, Davivienda, Almancense Exito, Carulla, Edeq, Pago Facil, Rapi Pago, SeriPag, Red Pagos, Banorte, Bancomer, Pago Efectivo, Boleto, PayTrust, STICPAY, fasapay, Volt, dragonpay, Paylivre, FairPay, Ruppe Payments, Finrax, SOFORT, Giropay, bitwallet, DotPay, SafetyPay, and Przelewy

Kenyan traders can deposit funds to their trading accounts using many popular payment methods. One such payment method is bank wire transfer, which many Kenya banks support. There are some things Kenyan day traders need to consider before choosing their funding method, including time it takes to be transferred into your Kenyan day trading account.

What Currencies Can I Trade on Day Trading Platforms in Kenya?

Kenyan day traders use a variety of Forex strategies, the most common of which are major currency pairs, minor currency pairs and exoctic currency pairs.

Most popular major currency pairs available on day trading platforms in Kenya include USD (US Dollar) / JPY (Japenese Yen), EUR (Euro) / USD (US Dollar), USD (US Dollar) / CHF (Swiss Franc), GBP (British Pound) / USD (US Dollar), AUD (Australian Dollar) / USD (US Dollar), NZD (New Zealand Dollar) / USD (US Dollar), EUR (Euro) / CAD (Canadian Dollar).

Most popular exotic currency pairs on day trading platforms in Kenya include USD (US Dollar) / THB (Thai Baht), JPY (Japenese Yen) / NOK (Norwegian Krone), EUR (Euro) / TRY, GBP (British Pound) / ZAR (South African Rand), AUD (Australian Dollar) / MXN (Mexican Peso), USD (US Dollar) / VND (Vietnamese Dong).

Most popular minor currency pairs on day trading platforms in Kenya include EUR (Euro) / CAD (Canadian Dollar), CHF (Swiss Franc) / JPY (Japenese Yen), EUR (Euro) / GBP (British Pound), CAD (Canadian Dollar) / JPY (Japenese Yen), AUD (Australian Dollar) / JPY (Japenese Yen), NZD (New Zealand Dollar) / JPY (Japenese Yen).

Kenyan traders should consider their investment objectives and risk tolerance before investing money. Ideally, a Kenyan trader should invest only the money they can afford to lose. This means not using retirement savings, student loans, or even money you set aside for living expenses. Kenyan currency day traders should consider the risks of Forex trading in Kenya. Currency day trading can be high risk for Kenyan traders.

Day Trading Brokers Financial Regulation In Kenya

Kenyan day traders should always check that the day trading brokers they use in Kenya hold financial regulation with . Kenyan financial regulations monitor the conduct of day trading brokers in Kenya and offer a level of financial protection for Kenyan residents. Always manually check your Kenyan day trading brokers regulatory license number with the financial regulator, this will list any past areas of concern regarding your day trading platform in Kenya.

What Support Methods Are Available On Day Trading Platforms?

Some day trading platforms in Kenya offer live chat support. The best day trading platforms in Kenya offer live chat features. Make sure your day trading platform in Kenya has a 24/7 live chat service, which will make it easier for you to ask questions relevant to which payment methods you are allowed to use. Other day trading support options available to Kenyan traders include email and phone support.

What is the Minimum Deposit to Start Day Trading in Kenya?

Minimum deposits on day trading platforms in Kenya range from 0 KES - 500 KES.

Day trading accounts with higher minimum deposit requirements in Kenya, often offer more trading features and tools to their Kenyan day traders.

In addition to the minimum deposit, Kenyan day traders should consider what type of investment you're comfortable with. A high-risk strategy in Kenya is unlikely to earn you a significant profit, and if you're not sure whether day trading in Kenya is for you, it's best to practice on demo day trading simulated accounts in Kenya first before you risk real money. Demo day trading allows new Kenyan traders to perfect order entry skills. The goal for Kenyan day traders is to practice to minimise costly mistakes.

Which is the Fastest Day Trading Platform in Kenya?

For Kenyan day traders, speed, reliability, and low cost are the top priorities. Kenyan day traders often start their day with no positions, execute many transactions, and end it with no trades. To succeed, Kenyan day traders need to be able to monitor volatility. They require real-time margin and buying power updates. Day trading platforms in Kenya should have the capabilities to customise trades and allow Kenyan traders to turn off the trade confirmation screen, as well as providing them fast-paced and real-time information for Kenyan and global financial markets.

A great day trading platform in Kenya should have a good news research section. This feature helps Kenyan day traders analyse market moves quickly and find catalysts for their trades. In addition to analysing market moves, the news feed offers a lower-priced news subscription for new Kenyan traders. Institutional Kenyan traders can also opt for a higher-priced news subscription. In addition to allowing users to trade with real-time data, many brokers in Kenya also offer educational tools and other perks.

Brokers and the Assets they Offer Kenyan Traders for Day Trading

Depending on a Kenyan traders preferences, you should choose a day trading broker in Kenya with the largest amount of trading assets. Kenyan traders can also place complex options orders on multiple financial assets including thousands of stocks and share, commodities and Forex pairs on day trading platforms in Kenya. The day trading brokerages in Kenya need to make money, and they do this through trade spreads, margin interest, monthly fees, and usage of data they offer Kenyan traders. Even zero commission trading isn't risk-free and doesn't guarantee a profit. Diversity in a Kenyan day traders asset classes is always a good idea. Even the most successful day trades in Kenya can hit snags, so it's crucial for Kenyan day traders to have adequate knowledge about the risks and benefits before using real money to day trade in Kenya.

Day Trading Brokers in Kenya and Access to the Global Market

Each day trading platform in Kenya offers a different range of tradable financial instruments to Kenyan traders. some Kenyan day trading platforms may offer mainly stocks, another mainly Forex and another mainly crypto or ETFs.

A successful Kenyan day trader must be aware of the risks associated with active trading strategies on multiple financial instruments on Kenyan and global markets. Some financial instruments may not be available to the Kenyan day trader due to Kenyan financial regulators not allowing them. Another important thing to consider when choosing a day trading broker in Kenya is the margin rules. The most important thing to look for when choosing a day trading broker in Kenya is its access to the global market as this is necessary for a diverse and successful portfolio. The trading platform in Kenya should also offer a free demo account. This way, the Kenyan day trading investor can try out the day trading software system before making a decision. The day trading platform in Kenya should also offer analytical tools that can help the Kenyan trader make better decisions. For example, it should offer trend lines, news, and volume. It should also have access to news and historical data, and should offer the option to use margin rates.

Which Day Trading Broker Offers 24-Hour Availability in Kenya?

Kenyan day traders use trading strategies that rely on the speed and 24/7 availability of the market, such as scalping or rebate trading. Some Kenyan day traders even place hundreds of trades in a single day. Then there are those who choose to use an intra-day trading strategy known as reversals.

For Kenyan day traders, availability and low costs are a must. A good day trading platform in Kenya that offers many customisation options and solid fundamental research will help when trying to execute an investment strategy. Kenyan traders should also look into whether the day trading platform in Kenya charges commissions on stock trades and account fees. Ultimately, 24-Hour availability is a vital feature for successful day trading, so make sure you find a day trading platform in Kenya with the 24-hour option. 24-hours availability is critical for day trading, but not for all types of Kenyan traders. Many day trading brokers in Kenya restrict the type of orders you can make and the trading hours they offer Kenyan traders, so do your research.

Which Broker in Kenya Has Automated Trading Options?

If you are an investor in Kenya and are considering making the switch to automated trading, you need to find the right broker in Kenya for your needs. Day trading automation helps Kenyan day traders improve their workflows. Day trading automation can be done through custom scripts on the MetaTrader 4, MetaTrader 5 and cTrader trading platforms which are available in Kenya. Many day trading platforms in Kenya offer Kenyan traders multiple trading platform options including MT4, MT5, cTrader, Mirror trader and proprietary trading platforms. There are several things to look for, from the reputation of the broker in Kenya to the features and scripting capabilities of their automated trading platforms. Ultimately, Kenyan traders want a broker in Kenya with solid support and quick and accurate algorithmic solutions.

Kenyan traders must also compare the costs of operating an automated trading platform in Kenya. The costs involved vary widely between broker to broker, so you need to compare the costs before choosing a day trading broker in Kenya. Look for a low minimum deposit requirement for Kenyan traders. The processing time should be short. You don't want to spend days trying to withdraw your money because the day trading brokers automated trading platform is taking too long to process withdrawals. You should also check whether the customer support team has a history of being reliable and helpful for Kenyan day traders.

Day Trading In Kenya With MetaTrader 4

The day trading platform known as MetaTrader 4 (MT4) is 3rd party trading software offers by day trading platforms in Kenya to their Kenyan day traders. MetaQuotes in the year 2005 released the first version on MetaTrader 4 for Kenyan day traders.

Kenyan day traders trade on many different global financial markets including Forex and CFD financial instruments with MT4 day trading software from Kenya, other available financial instruments on MT4 day trading platforms include stock CFD, indices CFD, and commodity CFDs. MT4 offers Kenyan day traders sophisticated technical analysis as well as trading techniques that are adaptable through its straightforward day trading user interface.

Kenyan day traders use MetaTrader 4 to examine financial markets, place complex buy and sell orders, and use automated trading features. Additionally, Kenyan day traders are able to submit a variety of order types using MetaTrader 4 trading platforms in Kenya.

Day traders in Kenya find the multi-asset day trading platform MetaTrader 4 popular because of its range of features, tools and speed.

MetaTrader 4 (MT4) day trading platforms in Kenya are available on Windows, Android and iOS devices for Kenyan traders.

Day Trading In Kenya With MetaTrader 5

MetaTrader 5 is the next generation of MT4 and is a multi-asset day trading platform available to traders in Kenya, that enables trading in futures, stocks, commodities, cryptocurrencies, CFDs, and indices, in addition to Forex and stocks. MT5 provides Kenyan day traders greater tools for conducting in-depth technical price research through the utilisation of chart indicators. MT5 enables Kenyan day traders to use of automated tools including trading robots, such as Expert Advisor, and copy trading, amongst other features that are helpful to Kenyan day traders.

MT4 was designed mainly for Kenyan leveraged CFD and Forex traders and has a simpler interface, MT5 offers Kenyan day traders a wider range of tradable financial instruments and more detailed advanced trading tools and features.

MetaTrader 5 (MT5) day trading platforms in Kenya are available to Kenyan traders on Windows, Android and iOS devices.

Day Trading In Kenya With cTrader

cTrader is a 3rd party day trading platform offered to Kenyan day traders. cTrader is a complete trading platform solution for Forex and CFD brokers in Kenya to offer their Kenyan day traders. cTrader has been developed over many years and is actively used by tens of thousands of Kenyan and global day traders.

cTrader offers Kenya day traders advanced trading tools, in contrast to MetaTrader's MT5, cTrader uses the C# programming language. cTrader offers the dot chart type, which has been developed by cTrader to help Kenyan day traders perform technical analysis.

Day Trading In Kenya With Copy Trading And Social Trading

Copy trading and social trading has become very popular in Kenya in the last 2 years amongst newer Kenyan traders. Day traders in Kenya are now starting to adopt copy trading and social trading into their trading strategies.

In day copy trading, a Kenyan trader duplicates the transactions of another day trader on a copy trading platform in Kenya, keeping track of the trader's performance. Day trading on copy trading platforms in Kenya can be automated so that the day trades of a followed trader and automatically actioned within the Kenyan traders limits. The performance and history of day traders on copy trading platforms in Kenya can be carefully researched and followed. There are tens of thousands of day traders that can be found on copy trading platforms in Kenya. Kenyan traders can view the previous day traders and success rate of these copy traders before making a decision. When using copy trading platforms Kenyan traders must still monitor the trades and follow their own due dilegence on investments.

Day Trading Mobile Apps In Kenya

Although proper day trading in Kenya should be conducted on desktop or online day trading platforms by Kenyan traders, all the best modern day trading brokers in Kenya offer Kenyan traders access to day trading apps on iOS and Android mobile devices.

Day trading mobile apps in Kenya allow Kenyan day traders to keep on top of their trading portfolios and offer a good range of quick analysis tools and trading alerts to Kenyan day traders. Mobile iOS and Android day trading apps in Kenya are fully functional and allow Kenyan day traders to place live buy and sell orders on global markets all over the world.

How Can I Build a Good Portfolio with Day Trading in Kenya?

Kenyan day traders should invest in more than one sector to spread your risks and maximise your potential return. Day trading in different sectors and different industries helps Kenyan traders lower risk. For example, if you are new to day trading in Kenya, you can start with a small amount of money and gradually build up your capital. Typically, stocks trend upward over the long term, but dips in the market can provide opportunities for Kenyan day traders to buy shares at a lower price and sell them later when their value rises again. Kenyan day traders hold onto securities for only a few seconds or minutes and sell them when the price starts to rise. Kenyan day traders should always try to diversify trades using technical analysis and risk management tools like stop loss orders.

How Can I Become a Professional Kenyan Day Trader?

To become a successful Kenyan day trader, it's essential to have a solid foundation. Learning to trade the market effectively takes time and a little experience. It's for Kenyan day traders important to start small and use money you're comfortable losing. Losing money is an inevitable part of the learning process when day trading in Kenya. Kenyan day traders must learn about various types of trading, price screening, and other trading tools available in Kenya. Kenyan traders will also need to learn how to develop and use different trading strategies. Some of the different types of trading that you can become include pattern day trading, economic calendar day trading, movement trading on day trading platforms in Kenya.

Learn About Day Trading with the Kenyan Brokers Educational Resources

If you've been thinking about learning about day trading in Kenya, but are unsure where to start, you can always find online day trading educational resources on your Kenyan day trading platform. There are a number of free educational resources available online, and there are many books at the library or online as well. There are a number of pros and cons to day trading in Kenya, and the best way to learn more about it is to try it out yourself first using a demo day trading account with a trading platform in Kenya.

Once you've gotten some fundamental knowledge of day trading in Kenya, it's time to start investing. Online day trading educational resources include guides, podcasts, videos and webinars and they all provide an excellent foundation for new Kenyan traders. They also teach Kenyan day traders how to identify potential revenue stocks, which is important when you're learning the basics of day trading in Kenya. The online day trading courses and educational resources are specifically aimed at a specific Kenyan niche audience.

Understand the Technical Analysis Tools of Day Trading Brokers in Kenya

If you've ever wondered how to use technical analysis charting tools available on trading platforms in Kenya, you can sign up and have assess to guides that should help Kenyan traders walk through on how they work. There are several differences between day trading and other forms of investing, so it's best to understand the difference before you start using them. For starters, technical analysis focuses on the short-term trend, while fundamental analysis focuses on the long-term. Kenyan traders should research fundamental analysis when researching for long-term investing. Technical analysis for Kenyan day traders is a more fast paced investing to short-term data on day trading platforms in Kenya.

Choose Trading Assets Wisely On the Day Trading Platform in Kenya

When choosing a day trading platform in Kenya, there are many factors that you must take into consideration, including the type of trades you plan to make. These factors may make it difficult to decide which type of day trading platform in Kenya is right for you. The following tips can help you make the right decision. Before Kenyan day traders start trading, remember to set up a trading plan. Once you've created a plan, make sure you review it after each session. Developing a trading plan is extremely important for the success of Kenyan day traders, because it may not work the next day. Kenyan day trading beginners should start with smaller positions, then gradually move up to larger positions as they gain experience and confidence. Always planning for risk and loss when day trading in Kenya.

Is Day Trading in Kenya Worth It?

As with any investment endeavour taken on in Kenya, day trading in is not for everyone. It's not a business that you can learn and master in a few weeks. Even if you're good at it, Kenyan day traders need to be extremely lucky to achieve financial success. It's not the sort of thing that you can learn in a matter of weeks, so Kenyan day traders have to constantly be learning new strategies. If Kenyan day traders don't have the time to learn the ins and outs of day trading and take it seriously, then its not really for you.

Aside from a high level of risk, day trading in Kenya requires good risk management skills. Kenyan day traders rarely hold their positions overnight, and instead attempt to profit from intraday price changes. While day trading in Kenya is a high-risk endeavour, it can also be lucrative for those who have a disciplined approach and a good strategy.

Kenya Day Trading Brokers Features

IC Markets
(4/5)
Min deposit : 200
IC Markets was established in 2007 and is used by over 180000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. Cryptocurrency availability with IC Markets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
eToro
(4/5)
Min deposit : 10
Visit eToro Try a Demo Read review

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

eToro was established in 2007 and is used by over 27000000+ traders. 78% of retail investor accounts lose money when trading CFDs with this provider. eToro offers Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency, Index Based Funds, Exchange Traded Funds (ETF). Cryptocurrency availability with eToro is subject to regulation. Buying and selling real cryptocurrency assets may not be available in your country through eToro. Please check the latest information made available on their website.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)
Roboforex
(4/5)
Min deposit : 1
Roboforex was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
AvaTrade
(4/5)
Min deposit : 100
AvaTrade was established in 2006 and is used by over 300000+ traders. 71% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, Cryptocurrencies, Commodities, Indices, Stocks, Bonds, Vanilla Options, ETFs, CFDs, Spread Betting, Social Trading . Cryptocurrency availability with AvaTrade is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049)
XM
(4/5)
Min deposit : 5
XM was established in 2009 and is used by over 3500000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. XM offers Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, Energies CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 250000+ traders. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. XTB offers Forex, CFDs, Cryptocurrency. Cryptocurrency availability with XTB is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mirror Trader, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 89000+ traders. 74-89 % of retail investor accounts lose money when trading CFDs Pepperstone offers Forex, CFDs, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account Pro Account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217
FP Markets
(4/5)
Min deposit : 100
FP Markets was established in 2005 and is used by over 10000+ traders. Losses can exceed deposits FP Markets offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)
Trading212
(3/5)
Min deposit : 1
Trading 212 was established in 2006 and is used by over 15000000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Trading 212 offers Stocks, Forex, Commodities, Indices.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
NordFX
(4/5)
Min deposit : 1
NordFX was established in 2008 and is used by over 10000+ traders. Losses can exceed deposits NordFX offers Forex.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008
Plus500
(4/5)
Min deposit : 100
Plus500 was established in 2008 and is used by over 15500+ traders. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Plus500 offers CFDs.


Plus500 offer a 100% Free and Unlimited Demo account No Deposit fees/Commissions No hidden fees Competitive fees Tight Spreads

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules
EasyMarkets
(4/5)
Min deposit : 100
easyMarkets was established in 2001 and is used by over 142500+ traders. Your capital is at risk easyMarkets offers CFD, Forex, Commodities, Indices, Shares, Crypto. Cryptocurrency availability with easyMarkets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI)
FXPro
(3/5)
Min deposit : 100
FxPro was established in 2006 and is used by over 1866000+ traders. 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider FxPro offers Forex trading, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB)
SpreadEx
(4/5)
Min deposit : 1
SpreadEx was established in 1999 and is used by over 10000+ traders. Losses can exceed deposits SpreadEx offers Forex, CFDs, and spread betting.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)
Admiral
(3/5)
Min deposit : 200
Admiral Markets was established in 2001 and is used by over 10000+ traders. Losses can exceed deposits Admiral Markets offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)

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Written by Andrew Blumer - Senior Finance & Technology Editor

Best Kenya Day Trading Brokers 2022 guide updated 08/08/22

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Losses can exceed deposits