Best Forex Brokers In Kenya To Start Trading Forex

Kenyans are getting involved in the forex market more now than ever before. With a handful of forex brokers in the past to several of them now, Kenyans surely have a wide range of choice when it comes to selecting an online forex broker. However, the task of selecting the right broker isn’t always easy as there are so many factors that need to be considered.
However, to make your task easier and help you find the best forex brokers in Kenya, we have researched extensively and have come up with a brief list of brokers that can really do the job for you and enable you to get the best out of the forex markets. Here they are…

1. HotForex
This Mauritius-based online forex broker is an upcoming broker that provides traders of all types with a wide range of trading features and options to enable them to make the most out of different market conditions. The credit for the ever increasing popularity of this broker can be attributed to the fact that HotForex does all its business with honesty and openness.

HotForex provides its users 8 different trading platforms, including the standard MetaTrader 4. As you would expect with any experienced and reliable forex broker, HotForex provides easy to use, useful, and innovative trading features through all these platforms. Therefore, traders, both novice and experienced can use HotForex knowing fully that they can make the most of the market conditions with their interests fully safeguarded at all times.
HotForex understands that different traders have different trading requirements. Therefore, it provides 5 different trading account types – Micro, Premium, VIP, Islamic, and Currenex.


2. XM

XM is a Cyprus-based forex broker that was formed by a group of forex professionals and interbank dealers in 2009. In choosing XM as a trading partner, traders can look forward to accessing a wide range of trading instruments including forex, CFDs, and commodities. As this forex service provider is based in Cyprus, it is regulated by both CySEC and other regulatory bodies that fall under the Eurozone.


4 different trading accounts are provided by XM and traders are free to choose any of them based on the features they’re looking for and their trading requirements. Also, while there are no direct commissions charged by the broker against the trades executed by the users, the broker makes its profits through trade spreads that start as low as 1 pip. The customer support for XM users is available in multiple languages 24/5 through live chat, e-mail, facsimile, and telephone.

3. Markets.com
Owned by Safecap Investment Ltd, Markets.com is a leading online forex broker in the world today. It is regulated in various places with different financial bodies, including MiFID and CySEC. It is absolutely safe to trade with Markets.com as the interests of traders are safeguarded all the time. Today, Markets.com has its trade room offices and customer support service centers spread across major cities in the world. Its website can be accessed in more than a dozen languages.
With Markets.com, traders are able to carry out their trading activities across different trading platforms like MetaTrader 4, MetaTrader Multi-Terminal, Markets MobileTrader, Sirix WebTrader, and Markets Web Trader. Users of this broker also have a choice between 3 trading account types – Classic, Standard, and Premium. To have your queries addressed, the broker provides 24/5 assistance through its well-informed staff via e-mail, live chat, and telephone.

4. easy-forex
The flexibility and dynamic trading features that easy-forex provides its clients through its platforms are among many notable features it has. The best part of trading with easy-forex is that it lets you trade across different instruments including commodities. Today, easy-forex has its offices spread across the globe and offers its customers best-in-class support all through the forex trading sessions.
With easy-forex, you can trade in the markets through its web trading and MetaTrader4 platforms. Users are not required to download any additional software. In fact, they just need to open an account with the broker and they’re good to trade! With easy-forex users are also not required to pay commissions. This is because it has fixed spreads, thus allowing the trader know how much they’re required to pay even before they start trading. However, you’ll need to deal with floating spreads when trading commodities and CFDs.

6 Best Forex Broker for Sri Lanka In 2017

There are quite a few online forex brokers of repute playing their trade in Sri Lanka and helping local people make the most of the market conditions. Most of these brokers are willing to help you trade not just in forex but also other investment options like CFDs, ETFs, gold, silver, oil, currencies, commodities, futures, bonds, shares, and stocks.
Given below are some of the best forex brokers for Sri Lanka:

1. HotForex

This forex broker has been in the business for a while and offers its customers competitive trading conditions using best-in-class trading features and a standard trading platform – MetaTrader 4. Unlike most other brokers that focus mainly on trading tools or forex education centers, HotForex concentrates mainly on rollover policies and trading conditions. To diversify its offerings further, the company has recently added more platforms to its repertoire including those for iPhone, Android, PAMM, Blackberry, and iPad.
The best part of HotForex is its ease of use and excellent customer support. Another useful thing with this forex broker is that it caters to the need of both advanced and new traders alike.



2. XM
Formerly known as XEMarkets, XM is a Cyprus-based popular online forex broker that is regulated by FCA in the UK, FSP in New Zealand, ASIC in Australia, and CySEC in Cyprus. In addition to currency trading, traders having an account with this broker can look forward to trading with energies, precious metals, equity indices, and CFDs.

XM lets users choose between two trading accounts – Standard account and Micro account. While the former is ideal for professional and experienced traders that have in-depth knowledge of the markets, the latter is suitable for beginners who are interested making small profits with relatively low risk levels. In addition to these, there are Forex Islamic and Free Demo accounts available with the broker.


3. Markets.com
Owned by SafeCap Investments Limited, Markets.com was established in 2006 and is headquartered in Cyprus. Today, Markets.com has emerged as one of the most popular forex brokers in the world and this isn’t surprising given that the broker provides some of the most efficient and reliable trading features, besides offering generous trading leverages and competitive spreads.
Some of the interesting and most useful features offered by the broker include oscillators, indicators, and chart analysis. Based on these features it is possible for traders to accurately predict and access the nature of the market and make their decisions accordingly. Through Markets.com, traders, both novice and advanced, can look forward to taking advantage of a wide range of educational tools in the form of webinars, seminars, eBooks, videos, and much more.

4. easy -forex
One of the best online trading services providers, easy-forex, was founded in 2003. It is headquartered in Cyprus and has customer support centers and FX trading rooms spread across 160 countries. It is licensed with ASIC in Australia, MiFID in Europe, and CySEC in Cyprus.
Setting up an account with easy-forex is fairly easy and traders definitely have a choice of three account types – Standard, Premium, and VIP to choose from. For novice traders, there’s a demo account that is available along with other account types on different devices – online, desktop, or mobile. Also, the broker provides other services related to metals, commodities, and currencies. A variety of educational tools and resources too are available too with the broker that can be used by traders, both experienced and novice.

5. Forex4you
If you’re looking for a forex trader that provides quality offerings and services in an unparalleled way then look no further than Forex4you. This London-headquartered broker has its offices spread across major cities in the world, including Moscow, Mumbai, and others. The best part of Forex4you is that traders with different forex budgets can use its trading platform – MetaTrader 4.
Forex4you has quite a few interesting features to offer to its customers – the ability to choose between no dealing desk executions and dealing desk, cent accounts, and many others. The broker also provides free eBooks that can be used by both experienced and novice traders to enhance their knowledge of the market. The customer support is available through e-mail, telephone, and online chat.

6. IronFX
IronFX is a Cyprus-headquartered online forex trader that offers traders with lots of trading opportunities, besides giving them access to different varieties of markets. Today, IronFX is regulated and authorized by a number of financial bodies including, CySEC, UCRFIN, FCA, BaFin, CRFIN, FSP, and ASIC. Furthermore, it is powered by its 1,800 employees that work from over 55 offices, offering you customer support in over 46 languages!
What is really remarkable with IronFX is that they let customers trade with more 3000 instruments across a number of countries in spot metals, CFDs on UK and US commodities and stocks, and Forex. Also, with leverages up to 1:500 and 15 different trading platforms to choose from, IronFX is definitely the broker you can choose for your trading purposes.