Top Kenya Brokers for 2020

We found 24 online brokers that are appropriate for Trading Kenya.

Best Kenya Brokers Guide

Kenya Financial Markets

Kenya brokers

Kenya brokers will be able to best aid you when investing in the country. Whether you are investing in stocks, forex currency, CFD, commodities, cryptocurrency, ETFs or in REITs?

Kenya is a young country with 3/4th of its population under the age of 35. It is an important financial, logistics and commercial hub of East Africa. The primary stock market here is Nairobi Securities Exchange (NSE) that provides listing service in stocks as well as stock derivatives.

NSE was founded in 1954. In 2014 it was demutualized and became self-listed. It lists exchange-traded funds, Real Estate Investment Trusts, corporate debt securities and government bonds.

Kenya brokers

Very few Kenya brokers are based in this East African nation. Many have no presence or office here even though they are playing an important role in trading in the country.

There are many reputable international brokerages that have greater regulation and are safer than brokerages directly in Kenya. It is common for traders in Kenya to deposit money with the non-Kenya brokers for online trading. We have listed many broker suitable for trading in Kenya below, be aware most brokers websites are mostly in the English language.

Check that the your Kenya brokers are regulated under their local jurisdiction and whether they can keep your funds separate from their own.

Register multiple accounts with Kenya brokers and if you are a beginner open a demo account initially. This is so that you can practice trading in Kenya using virtual money while you get used to the different trading platforms.

Regulatory body

Capital Markets Authority of Kenya is the financial regulator in the country and it was founded in 1989. It aims to make trading smooth and sound by enforcing strict regulations. It focuses mainly on encouraging innovation apart from enhancing investor protections.

Advantages Trading in Kenya

Challenges Trading in Kenya

Kenya brokers may not always alert you about some of the important challenges to be faced while trading in the country. Since 1998 the country is facing a negative balance of trade numbers and its economy may suffer in the future from tariffs, trade disputes and key trade agreements not being met.

The World Bank has ranked Kenya as moderate in terms of registering property, trading across borders, starting a business and dealing with construction permits.

Kenya Brokers Verdict

It will be easier to find Kenya brokers based outside the country. It will be tough and challenging for you to trade safely with a broker directly from within Kenya. Brokers outside of Kenya offer traders a greater feature set and more mature trading platforms. Even though the World Bank has ranked it 8th in terms of ease of obtaining credit, the overall trading scenario is not very friendly. Trading here has obstacles and the regulatory authority is not as efficient as those found in other countries.

It is also advised to remain away and alert from frauds when you are trading online, from another country. The safety of your investment should be your top priority.

The financial system in Kenya has been a financial center in Africa for over a hundred years.

Kenya also known as officially the Republic of Kenya in Swahili this is 'Jamhuri ya Kenya' has a number of established reputable financial markets.

The main securities markets in Kenya include theThe Nairobi Securities Exchange (NSE) which deals in officially listed stocks and shares,government issues, traded options, stock index options, currency options, foreign exchange, futures, metals, gold, silver, agricultural and other commodities.

Restructuring and deregulation has transformed the financial sector in Kenya over the last 30 years with important changes in the The Nairobi Securities Exchange (NSE), insurance, banking, shipping, and commodity markets.

The Central Bank of Kenya is responsible for issuing monetary policy in Kenya.

Best Kenya Brokers

We've collected thousands of datapoints and written a guide to help you find the best Kenya Brokers for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best kenya brokers below. You can go straight to the broker list here.

Trading in Kenya

When trading in Kenya you will need to know what your options with your Kenya trading broker are.

We list below the trading account types available in Kenya. If you are looking for brokers in Kenya that are suitable for trading in the Forex, CFD's, Indices and ETFs, Cryptocurrencies or commodity markets; this Kenya broker guide will explain the things you should check and be aware of before you invest.

Forex Trading in Kenya

Forex trading is growing in popularity in Kenya. The volume of Forex traded in Kenya has increased year on year over the last five years.

Across the world $5.1 trillion USD in volume is traded every single day. This is a huge amount in comparison with other financial market sectors.

Advances in online technology, higher internet coverage in Kenya and increased competition among brokerages have made Forex trading more accessible and reduced the costs of trading generally.

Is Forex Trading Legal in Kenya?

Their is a misconception that trading Forex on the financial market in Kenya is considered unsafe. This is not the case, Forex trading in Kenya is very active.

Trading in Forex is allowed in Kenya as to conduct business currency must be exchanged. Forex is an integral part of import and export and investing internationally. The important thing is that when trading Forex you pick a safe and reputable broker that is regulated. Kenya Forex trading is not banned, their are many international online brokers offering favourable trading conditions.

Do Forex Traders Pay Tax in Kenya?

Once a traders profits reach a level where the income on the Forex trading can be taxed in Kenya the trader should make sure all taxes owed for a financial year are paid. Kenya taxes should be filed even if there were losses on the year. If Trading losses cannot be claimed against personal income taxes. A trader should file them with the proper government agency in Kenya. You should seek advice with a Kenya tax professional to ensure they are abiding by all proper tax laws in Kenya. In Kenya Islamic accounts do not have additional restrictions on trades.

Cryptocurrencies in Kenya

Cryptocurrency markets in Kenya are relatively new. Because Cryptocurrency works on decentralised assets in Kenya things like interest rate changes and political instability do not affect cryptocurrencies as much as the currency markets in Kenya for example.

Due to a large young population in Kenya with growing income levels and wide spread adaptation of online technology cryptocurrency trading volume is increasing greatly in Kenya. $6 billion USD worth of Bitcoin is traded daily around the world.

Commodity Trading in Kenya

In Kenya commodity trading includes the trade in precious metals, energies and agricultural commodities.

Some commodities like metals are seeing exponential growth in Kenya since 2002.

Fast growing countries like China and India have been growing rapidly over the last 3 decades. This has meant that countries like China and India have a vast requirement for many basic commodities and raw materials for their populations. Crops to feed people and metal to build infrastructure for example. This means countries like Kenya are able to take advantage of this demand.

We list brokers that allow you to trade commodities in Kenya here.

Islamic Accounts in Kenya

Kenya brokers support Islamic accounts or swap-free accounts. Kenya Islamic accounts have no rollover interest on overnight positions to comply the Muslim faith. Traders of Islamic faith are forbidden to pay interest. Brokers in Kenya offer accounts that are suitable for Islamic traders. These Kenya brokers complies with Sharia law.

Benefits of Trading in Kenya

Kenya economy and population is growing. The middle class population in Kenya is increasing which means a growing consumer base. Many business and financial opportunities exist in Kenya. Kenya has a young population educated in technology and the internet.

Concerns of Trading in Kenya

Kenya digitisation of financial trading has made it easier to defraud unsuspecting investors across the internet. Make sure the broker you trade with is regulated and passes the checklist in this Kenya guide. Educate yourself as much as possible open a demo account if necessary be you open a live trading account.

Learn about leverage when trading. Kenya Brokers offering high leverage trades in Kenya can mean high profit margins. But this goes both was it can also mean huge losses. There are things like negative balance protection and stop loss accounts which some Kenya brokers offer as a level of protection. you can learn more about further below on this guide.

Reputable Kenya Brokers Checklist

There are a number of important factors to consider when picking an online Kenya trading brokerage.

It is not essential that your brokerage is local but they must have regulation from a Tier 1 reputable country. In fact the brokers international regulation could be more reputable than your local region.

When deciding to trade and find a suitable Kenya broker if you wish your broker to be 100% local check they are governed and regulated by the below.

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Our brokerage comparison table below allows you to compare the below features for brokers offering Kenya Brokers.

We compare these features to make it easier for you to make a more informed choice.

Top 15 Kenya Brokers of 2020 compared

Here are the top Kenya Brokers (KE).

Compare Kenya Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All brokers below are kenya brokers. Learn more about what they offer below.

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

Broker eToro XTB IC Markets Trading212 Pepperstone Plus500 FXPrimus EasyMarkets Roboforex FP Markets XM ThinkMarkets HY Markets City Index AvaTrade Forex.com
Rating
locality eToro accept Kenya clients XTB accept Kenya clients IC Markets accept Kenya clients Trading 212 accept Kenya clients Pepperstone accept Kenya clients Plus500 accept Kenya clients FXPrimus accept Kenya clients EasyMarkets accept Kenya clients Roboforex accept Kenya clients FP Markets accept Kenya clients XM accept Kenya clients ThinkMarkets accept Kenya clients HYCM accept Kenya clients City Index accept Kenya clients AvaTrade accept Kenya clients Forex.com accept Kenya clients
Regulation Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) 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 Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) Financial Conduct Authority (FCA), FCA FRN 509909, Cyprus Securities and Exchange Commission (CySEC), CySEC cLicense No. 250/14 Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) Cyprus Securities and Exchange Commission (CySEC) Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048 Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS) Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA)
Min Deposit 200 No minimum deposit 200 1 200 100 100 1 1 100 5 250 100 25 250 500
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 12,000,000+ 250,000+ 60,000+ 14,000,000+ 10,000+ 15,500+ 10,000+ 10,000+ 10,000+ 10,000+ 70,000+ 10,000+ 10,000+ 14,000+ 200,000+ 40,000+
Benefits
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • 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
  • Offers Negative Balance Protection
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Guaranteed stop loss
  • Offers Negative Balance Protection
Accounts
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • Raw Spread account
  • Islamic account
  • Demo account
  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account
Spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
Platforms Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, Mac, Web Trader, Tablet & Mobile apps MT4, Tablet & Mobile apps MT4, Web Trader, Tablet & Mobile apps MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and 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
eToro
Sign Up with
XTB
Sign Up with
IC Markets
Sign Up with
Trading 212
Sign Up with
Pepperstone
Sign Up with
Plus500
Sign Up with
FXPrimus
Sign Up with
EasyMarkets
Sign Up with
Roboforex
Sign Up with
FP Markets
Sign Up with
XM
Sign Up with
ThinkMarkets
Sign Up with
HYCM
Sign Up with
City Index
Sign Up with
AvaTrade
Sign Up with
Forex.com
Risk Warning 62% 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 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. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% 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 76.4% of retail CFD accounts lose money Losses can exceed deposits Your capital is at risk Losses can exceed deposits Losses can exceed deposits Your capital is at risk Losses can exceed deposits Losses can exceed deposits 71% of retail investor accounts lose money when trading CFDs with this provider Losses can exceed deposits 69% of retail investor accounts lose money when trading CFDs with this provider
Demo eToro
Demo
XTB
Demo
IC Markets
Demo
Trading 212
Demo
Pepperstone
Demo
Plus500
Demo
FXPrimus
Demo
EasyMarkets
Demo
Roboforex
Demo
FP Markets
Demo
XM
Demo
ThinkMarkets
Demo
HYCM
Demo
City Index
Demo
AvaTrade
Demo
Forex.com
Demo
Excluded Countries US, IR, KP, BE, CA, JP, SY, TR, IL US, IN, PK, BD, NG , ID, BE 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 US KR, IR, IQ, SY, JP, US BE, US, CA, CN, ID, PH AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. US US, JP US, JP, NZ US, CA, IL, BE, KR, IR, MM, CU, SD, SY AF, Yugoslavia, AO, GM, NG, AW, GH, KR, BY, GN, BO, GN, PK, BW, HT, PG, IR, PN Island, Burma MM, IQ, RW, KH, , SN, CF, JP, Sierra, Leone, TD, KG, SO, CI , LB, SZ, CU, LS, SY, of CG, LR, TJ, DJ, LY, Tanzania, EC, Laos, TG, ER, ML, TM, ET, MN, UG, Falkland Islands, NA, US of America, FJ, NI, YE, ZW US US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW BE, BR, KP, NZ, TR, US, CA, SG BE

All Kenya brokers in more detail

We have listed 24 top Kenya brokers below.

You can compare Kenya Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

We also have an indepth Top Kenya Brokers for 2020 article further below. You can see it now by clicking here

1
eToro
(4/5)
Min deposit : 200
eToro offers CFDs, Social Trading
eToro was established in 2006 and is used by over 12000000+ traders.
62% 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.

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

Web Trader, Tablet & Mobile apps

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
eToro screenshot
2
XTB
(4/5)
Min deposit : 0
XTB offers Forex, CFDs, Cryptocurrency
XTB was established in 2002 and is used by over 250000+ traders.
Your capital is at risk

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

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

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard 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
XTB screenshot
3
IC Markets
(4/5)
Min deposit : 200
IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies
IC Markets was established in 2007 and is used by over 60000+ traders.
Losses can exceed deposits

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

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

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
IC Markets screenshot
4
Trading212
(4/5)
Min deposit : 1
Trading 212 offers Stocks, Forex, Commodities, Indices
Trading 212 was established in 2006 and is used by over 14000000+ 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.

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

Web Trader, Tablet & Mobile apps

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
Trading 212 screenshot
5
Pepperstone
(4/5)
Min deposit : 200
Pepperstone offers Forex, CFDs, Social Trading
Pepperstone was established in 2010 and is used by over 10000+ traders.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% 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

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

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

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)
Pepperstone screenshot
6
Plus500
(4/5)
Min deposit : 100
Plus500 offers CFDs
Plus500 was established in 2008 and is used by over 15500+ traders.
76.4% of retail CFD accounts lose money

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

Web Trader, Tablet & Mobile apps

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), FCA FRN 509909, Cyprus Securities and Exchange Commission (CySEC), CySEC cLicense No. 250/14
Plus500 screenshot
7
FXPrimus
(4/5)
Min deposit : 100
FXPrimus offers Forex, Social Trading
FXPrimus was established in 2009 and is used by over 10000+ traders.
Losses can exceed deposits

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

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

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)
FXPrimus screenshot
8
EasyMarkets
(4/5)
Min deposit : 1
EasyMarkets offers Forex, CFDs
EasyMarkets was established in 2003 and is used by over 10000+ traders.
Your capital is at risk

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

MT4, Web Trader, Tablet & Mobile apps

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)
EasyMarkets screenshot
9
Roboforex
(4/5)
Min deposit : 1
Roboforex offers Forex, CFDs
Roboforex was established in 2009 and is used by over 10000+ traders.
Losses can exceed deposits

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

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

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
Roboforex screenshot
10
FP Markets
(4/5)
Min deposit : 100
FP Markets offers Forex
FP Markets was established in 2005 and is used by over 10000+ traders.
Losses can exceed deposits

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

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

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)
FP Markets screenshot
XM
(4/5)
Min deposit : 5
XM offers Forex, CFDs
XM was established in 2009 and is used by over 70000+ traders.
Your capital is at risk

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

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

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)
XM screenshot
ThinkMarkets
(4/5)
Min deposit : 250
ThinkMarkets offers Forex, CFDs
ThinkMarkets was established in 2010 and is used by over 10000+ traders.
Losses can exceed deposits

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

MT4, Mac, Web Trader, Tablet & Mobile apps

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)
ThinkMarkets screenshot
HY Markets
(4/5)
Min deposit : 100
HYCM offers Forex, CFDs
HYCM was established in 1977 and is used by over 10000+ traders.
Losses can exceed deposits

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

MT4, Tablet & Mobile apps

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048
HYCM screenshot
City Index
(4/5)
Min deposit : 25
City Index offers Forex, CFDs, Spread Betting
City Index was established in 1983 and is used by over 14000+ traders.
71% of retail investor accounts lose money when trading CFDs with this provider

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

MT4, Web Trader, Tablet & Mobile apps

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS)
City Index screenshot
AvaTrade
(3/5)
Min deposit : 250
AvaTrade offers Forex, CFDs, Spread Betting, Social Trading
AvaTrade was established in 2006 and is used by over 200000+ traders.
Losses can exceed deposits

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

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

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI)
AvaTrade screenshot
Forex.com
(4/5)
Min deposit : 500
Forex.com offers Forex, Indices, Commodities, Equities, Cryptocurrencies
Forex.com was established in 1999 and is used by over 40000+ traders.
69% of retail investor accounts lose money when trading CFDs with this provider

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA)
Forex.com screenshot
OctaFX
(4/5)
Min deposit : 5
OctaFX offers Forex
OctaFX was established in 2011 and is used by over 30000+ traders.
Losses can exceed deposits

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

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

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)
OctaFX screenshot
NordFX
(4/5)
Min deposit : 1
NordFX offers Forex
NordFX was established in 2008 and is used by over 10000+ traders.
Losses can exceed deposits

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

MT4, MT5, Tablet & Mobile apps

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13
NordFX screenshot
FXPro
(4/5)
Min deposit : 100
FXPro offers Forex trading, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies
FXPro was established in 2006 and is used by over 10000+ traders.
Your capital is at risk

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

MT4, MT5, cTrader, Tablet & Mobile apps

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard 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), Dubai Financial Services Authority (DFSA)
FXPro screenshot
Admiral
(4/5)
Min deposit : 200
Admiral Markets offers Forex, CFDs
Admiral Markets was established in 2001 and is used by over 10000+ traders.
Losses can exceed deposits

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

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

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
Admiral Markets screenshot
Axitrader
(4/5)
Min deposit : 0
Axitrader offers Forex, CFDs, Social Trading
Axitrader was established in 2007 and is used by over 10000+ traders.
Losses can exceed deposits

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

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

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA)
Axitrader screenshot
SpreadEx
(4/5)
Min deposit : 1
SpreadEx offers Forex, CFDs, and spread betting
SpreadEx was established in 1999 and is used by over 10000+ traders.
Losses can exceed deposits

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

Web Trader, Tablet & Mobile apps

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)
SpreadEx screenshot
Swissquote
(4/5)
Min deposit : 1000
Swissquote offers Forex, Social Trading
Swissquote was established in 1999 and is used by over 300000+ traders.
Losses can exceed deposits

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

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

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)
Swissquote screenshot
Markets.com
(4/5)
Min deposit : 100
Markets.com offers Forex, CFDs and Spread Bets. Spread Bets are only available to UK customers
Markets.com was established in 2008 and is used by over 10000+ traders.
84% 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.

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

MT4, MT5, Web Trader, Tablet & Mobile apps

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)
Markets.com screenshot