Go to FxProA local licence or an offshore one: the difference
A broker can take clients in Kenya in two ways: through a company licensed by the CMA here, or through a company licensed somewhere else. Both happen, and the second is not the same as being unregulated.
What changes is where you stand if something goes wrong. A locally licensed entity is answerable to the CMA and to the complaint route that comes with it; an offshore entity is answerable to its own regulator, in its own jurisdiction, under its own compensation rules - which may be generous, limited, or absent.
The ten below hold a local licence. The brokers that do not are not hidden: they have their own page, because the question a reader asks is usually about one named firm.
Licensed in Kenya, or not (55 of 55)
Affiliate links: we earn a commission; it never changes scores or order. CFDs are high-risk and leverage can lose you money rapidly.
Key facts (27 of 55 counts · 52 brokers onboarding Kenyan residents)
Top 3 (of 3 ranked)
A local licence or an offshore one: the difference (27 of 55)
| # | Broker | Round turn, USDKE | Min deposit, USDKE | Leverage | Withdrawal, hKE | Score | Execution | Founded | Funding |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 8 | 100 group | 500 groupKE | 72 | 4.47 | ECN/raw + standard | 2005 | 3 methods | |
| 2 | 6 | 0 group | 2000 groupKE | 24 | 4.46 | ECN/raw + standard | 2010 | 2 methods · local | |
| 3 | 7 | 0 | 400KE | 3 | 4.46 | ECN/raw + standard | 2019 | 2 methods · local | |
| 4 | 7 | 20 group | 200KE | 24 | 4.45 | Standard | 2016 | — | |
| 5 | 7 | — | 400KE | 24 | 4.44 | ECN/raw + standard | 2010 | 4 methods · local | |
| 6 | — | 100 KES | —stated, not verified | 48 | 4.23 | — | — | 2 methods · local | |
| 7 | 7 | 100 | 1000 groupKE | 24 | 4.22 | ECN/raw + standard | 2013 | 6 methods · local | |
| 8 | 7 | 5 | 400KE | 72 | 4.12 | ECN/raw + standard | 2008 | 5 methods · local | |
| 9 | 6 | 25 | 500 groupKE | 72 | 4.08 | ECN/raw + standard | 2001 | 4 methods · local | |
| 10 | 9 | 100 | 400KE | 48 | 4 | ECN/raw + standard | — | 4 methods · local | |
| 11 | 9 | 10 | 400KE | 24 | 3.77 | ECN/raw + standard | 2014 | 2 methods · local | |
| 12 | 17 | 5 | —stated, not verified | 24 | 3.58 | Standard | 2009 | 3 methods · local | |
| 13 | 23 | 10 | 400KE | 24 | 3.51 | Standard | 2011 | 5 methods · local | |
| 14 | — | — | —stated, not verified | — | 3.41 | — | 1994 | 2 methods · local | |
| 15 | — | 100 KES | —stated, not verified | 0 | 3.41 | — | 2024 | 1 methods | |
| 16 | — | — | —stated, not verified | — | 3.38 | — | 1954 | 2 methods · local | |
| 17 | — | — | —stated, not verified | — | 3.29 | — | 1990 | 2 methods · local | |
| 18 | — | — | —stated, not verified | — | 3.08 | — | 2020 | 2 methods · local | |
| 19 | — | 0 | —stated, not verified | 120 | 3.05 | — | 1954 | 2 methods · local | |
| 20 | — | — | —stated, not verified | 48 | — | — | 1995 | 2 methods · local | |
| 21 | — | — | —stated, not verified | 72 | — | — | 2008 | 2 methods · local | |
| 22 | — | — | —stated, not verified | — | — | — | 1994 | 1 methods · local | |
| 23 | — | — | —stated, not verified | — | — | — | 2008 | 2 methods · local | |
| 24 | — | 5 | —stated, not verified | 72 | — | — | 2020 | 2 methods · local | |
| 25 | — | — | —stated, not verified | — | — | — | 2007 | 2 methods · local | |
| 26 | — | — | —stated, not verified | 72 | — | — | 1995 | 2 methods · local | |
| 27 | — | 2500 KES | —stated, not verified | — | — | — | — | 2 methods · local |
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
— the broker does not publish this figure; it is not read as a zero and it is not scored.
FXTM publishes a retail leverage of 1:400 without naming the entity that grants it, so the figure is marked group and left out of the leverage ranking and median.
The ten above illustrate the term. CMA-regulated brokers in Kenya lists every broker that qualifies, with the figure each one publishes.
Identical for every row, so it is stated once: Who onboards Local · CMA Kenya · Swap-free fee none, no limit · KES account Yes.
1. FP Markets — highest score of the three · locally licensed (score 4.47)
- Round turn
- 8 USD
- Withdrawal
- 1-3 business days
- KES account
- USD/EUR/GBP/AUD and others; local KES account availability not verified at review.
- Leverage
- 500 groupKE
- Licence
- CMA Kenya 103
- Accepts residents
- yes
- Onboarding entity
- Kenyan clients can be onboarded under the locally licensed subsidiary FP Markets Ltd (FP Markets Limited), or via the offshore arm.
- Founded
- 2005
- Register
- https://fpmarkets.com/blog/fpmarkets-awarded-fx-broker-licence-in-kenya · 09.07.2026
- Group leverage
- localgroup
- Instruments
- 10,000+ CFDs: 60+ FX pairs, indices, commodities, shares, ETFs, bonds and crypto CFDs.
- Platforms
- Funding
- Not served
- Reviews25%90
- Round-turn cost20%85
- Safety100
- Payouts15%40
- Track record10%
- Platforms70
Round turn 8 USD against the slice median 7 USD. strongest axis safety 100 of 100. total score 4.47.
Watch forPayouts axis 58 of 100; e-wallet times not published.
2. HFM — cheapest priced of the three · locally licensed · withdrawal in 24 h (score 4.46)
- Round turn
- 6 USD
- Withdrawal
- same business day if submitted before 10:00am server time; following business day if submitted after 10:00am server time
- KES account
- USD; KES funding via M-Pesa.
- Leverage
- 2000 groupKE
- Licence
- CMA Kenya 155
- Accepts residents
- yes
- Onboarding entity
- HFM Investments Ltd
- Founded
- 2010
- Register
- https://forexbroker.co.ke · 09.07.2026
- Group leverage
- offshore
- Instruments
- FX, metals, indices, shares, commodities, crypto CFDs.
- Platforms
- Funding
- Not served
Round turn 6 USD against the slice median 7 USD. strongest axis round-turn cost 95 of 100. total score 4.46.
Watch forMin deposit 200 USD, double the Kenya median of 50; withdrawal time not published.
3. Capital.com — locally licensed · withdrawal in 24 h (score 4.45)
- Round turn
- 7 USD
- Withdrawal
- within 24 hours
- KES account
- USD-denominated; local KES account availability not verified at review.
- Leverage
- 200KE
- Licence
- 244
- Accepts residents
- yes
- Onboarding entity
- Kenyan clients are onboarded by a locally licensed entity - Capital.com received a Capital Markets Authority (CMA) Kenya licence in January 2026.
- Founded
- 2016
- Register
- https://capital.com/en-int/press · 09.07.2026
- Group leverage
- localgroup
- Instruments
- CFD-only broker; 4,500-6,000+ CFDs across shares, indices, commodities, forex, crypto and ETFs (285+ crypto CFDs).
- Platforms
- Funding
- Not served
Round turn 7 USD against the slice median 7 USD. strongest axis safety 100 of 100. total score 4.45.
Watch forOnboards Kenyan residents through an offshore entity: no CMA Kenya licence, no CMA Kenya complaints route, no KES account.
What the data shows(27 of 55 distributions · 52 brokers)
Swap-free availability (27 of 55 brokers)
Admin fee after the free period (27 of 55 swap-free)
Who onboards Kenyan residents (27 of 55 brokers)
KES account (27 of 55 brokers)
Who grants the leverage figure (37 of 55)
Full list(27 of 55)
- 1FP Markets4.47
- Onboards
- Local · CMA Kenya
- Swap-free
- none, no limit
- Round turn, USD
- 8
- Min deposit, USD
- 100 group
- Leverage
- 500 groupKE
- KES
- Yes
- 2HFM4.46
- Onboards
- Local · CMA Kenya
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Min deposit, USD
- 0 group
- Leverage
- 2000 groupKE
- KES
- Yes
- 3EGM Securities (FXPesa)4.46
- Onboards
- Local · CMA Kenya
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 0
- Leverage
- 400KE
- KES
- Yes
- 4Capital.com4.45
- Onboards
- Local · CMA Kenya
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 20 group
- Leverage
- 200KE
- KES
- Yes
- 5Pepperstone4.44
- Onboards
- Local · CMA Kenya
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Leverage
- 400KE
- KES
- Yes
- 6Etica (Etica Capital MMF)4.23
- Onboards
- Local · CMA Kenya
- Swap-free
- none, no limit
- Min deposit, USD
- 100 KES
- KES
- Yes
- 7TMGM4.22
- Onboards
- Local · CMA Kenya
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 100
- Leverage
- 1000 groupKE
- KES
- Yes
- 8Equiti4.12
- Onboards
- Local · CMA Kenya
- Swap-free
- none, no limit
- Round turn, USD
- 7
- Min deposit, USD
- 5
- Leverage
- 400KE
- KES
- Yes
- 9Admirals4.08
- Onboards
- Local · CMA Kenya
- Swap-free
- none, no limit
- Round turn, USD
- 6
- Min deposit, USD
- 25
- Leverage
- 500 groupKE
- KES
- Yes
- 10Scope Markets4
- Onboards
- Local · CMA Kenya
- Swap-free
- none, no limit
- Round turn, USD
- 9
- Min deposit, USD
- 100
- Leverage
- 400KE
- KES
- Yes
- 11Scope Markets Kenya3.77
- Onboards
- Local · CMA Kenya
- Swap-free
- none, no limit
- Round turn, USD
- 9
- Min deposit, USD
- 10
- Leverage
- 400KE
- KES
- Yes
- 12XM3.58
- Onboards
- Local · CMA Kenya
- Swap-free
- none, no limit
- Round turn, USD
- 17
- Min deposit, USD
- 5
- KES
- Yes
- 13FXTM3.51
- Onboards
- Local · CMA Kenya
- Swap-free
- none, no limit
- Round turn, USD
- 23
- Min deposit, USD
- 10
- Leverage
- 400KE
- KES
- Yes
- 14Sterling Capital3.41
- Onboards
- Local · CMA Kenya
- Swap-free
- none, no limit
- KES
- Yes
- 15Ziidi (Ziidi MMF)3.41
- Onboards
- Local · CMA Kenya
- Swap-free
- none, no limit
- Min deposit, USD
- 100 KES
- KES
- Yes
- 16Dyer & Blair Investment Bank3.38
- Onboards
- Local · CMA Kenya
- Swap-free
- none, no limit
- KES
- Yes
- 17Suntra Investment Bank3.29
- Onboards
- Local · CMA Kenya
- Swap-free
- none, no limit
- KES
- Yes
- 18AIB-AXYS Africa3.08
- Onboards
- Local · CMA Kenya
- Swap-free
- none, no limit
- KES
- Yes
- 19ABC Capital3.05
- Onboards
- Local · CMA Kenya
- Swap-free
- none, no limit
- Min deposit, USD
- 0
- KES
- Yes
How to read the ten below
- Start with the figure this page ranks on.
Every row here is ordered by computed score, highest first; unscored brokers follow. A broker that publishes no figure is shown without one rather than guessed at.
- Check which company would onboard you.
The same brand can take a resident of Kenya through a locally licensed entity or an offshore one, and the leverage cap, the complaint route and the protection all follow the entity, not the brand.
- Read the cost beside the deposit.
The median round turn across this country is 7.0 USD and the median minimum deposit 17.5 USD; a low deposit beside a wide spread takes the difference back on every trade.
Neighbouring slices(6 rankings · 5 explainers)
FAQ
- How many brokers qualify for this ranking in Kenya?
- 27 of 55 brokers measured for this country qualify.
- Which broker leads it, and on what basis?
- FP Markets leads it with a score of 4.47. The order is computed score, highest first; unscored brokers follow.
- What does a trade typically cost here?
- The median round turn - spread plus commission for one standard lot, in and out - is 7.0 USD across the brokers that publish both parts.
- Why do some rows show a dash instead of a figure?
- Because the broker does not publish that figure for this country. A dash is a statement about what is published, and a figure is never filled in from a group-wide page as if it applied locally.
- Why are only ten brokers shown here?
- This page explains the term; the ten illustrate it. The full ranking lists 27 of 55 and is one click away.
How this slice is scored
Slice score = 2 + 3 × weighted mean of the six axes; the swap-free fee and availability feed price and reliability. A missing axis drops out and weights are renormalised; group-wide figures never enter. Full methodology
Verified · What changed · Sources(27 of 55 broker records)
Risk warning and affiliate disclosure
CFDs are complex instruments with a high risk of losing money rapidly due to leverage. A swap-free account removes overnight interest, not market risk. We earn a commission on some links; paid rows are marked and never ranked first.