What leverage means, and where the cap comes from

Leverage lets a position be larger than the money behind it: at 1:30, KES1,000 of your own holds a KES30,000 position. It multiplies the result in both directions, and the loss is the half people discover second.

The number a broker advertises belongs to the ENTITY that onboards you, not to the brand. The same name can offer 1:30 through a locally licensed company and 1:500 through an offshore one, and which you get depends on where you live - so the broker pages here name the entity beside the figure.

The ten below publish the highest retail leverage available to residents of Kenya. A high cap is a fact about the entity, not a recommendation.

Who grants the leverage figure (37 of 55)

9Local entity

14Offshore entity

14Not stated

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 (29 of 55 counts · 52 brokers onboarding Kenyan residents)

29of 55

qualify for this ranking

53% of 55

27of 29

scored on all six axes

93% of 29

36of 55

publish a price

65% of 55

29of 55

publish a leverage figure for this country

53% of 55

Top 3 (of 3 ranked)

1Capital.com4.45highest score of the three · locally licensed · withdrawal in 24 h 2Pepperstone4.44locally licensed · withdrawal in 24 h 3Equiti4.12locally licensed

What leverage means, and where the cap comes from (29 of 55)

By slice score, formula v1.0. · 29 of 52 brokers in this ranking · all 29

#	Broker	Round turn, USDKE	Min deposit, USDKE	Leverage	Withdrawal, hKE	Score	Execution	Founded	Funding
1	EGM Securities (FXPesa)	7	0	400KE	3	4.46	ECN/raw + standard	2019	2 methods · local
2	Capital.com	7	20 group	200KE	24	4.45	Standard	2016	—
3	Pepperstone	7	—	400KE	24	4.44	ECN/raw + standard	2010	4 methods · local
4	Equiti	7	5	400KE	72	4.12	ECN/raw + standard	2008	5 methods · local
5	Fusion Markets	4.5	0	500KE	1	4.09	ECN/raw + standard	2017	6 methods
6	LiteFinance	5	50	500KE	24	4.05	ECN/raw + standard	2005	4 methods
7	Scope Markets	9	100	400KE	48	4	ECN/raw + standard	—	4 methods · local
8	Tickmill	6	100	500KE	24	3.9	ECN/raw + standard	2014	3 methods · local
9	AvaTrade	9	100 group	400KE	48	3.8	Standard	2006	3 methods
10	JustMarkets	6	10 group	3000KE	0.02	3.79	ECN/raw + standard	2012	2 methods · local
11	Trade Nation	6	0	200KE	24	3.77	Standard	2014	3 methods · local
12	Scope Markets Kenya	9	10	400KE	24	3.77	ECN/raw + standard	2014	2 methods · local
13	OctaFX	9	25 group	1000KE	72	3.75	ECN/raw + standard	2011	2 methods · local
14	Eightcap	7	100	500KE	48	3.7	ECN/raw + standard	2009	4 methods · local
15	Vantage	6	50 group	500KE	120	3.69	ECN/raw + standard	2009	4 methods · local
16	ThinkMarkets	7	50	500KE	4	3.67	ECN/raw + standard	1999	4 methods
17	Moneta Markets	3	50	1000KE	24	3.65	ECN/raw + standard	2019	5 methods · local
18	FXCM	7.5	50 group	400KE	72	3.63	ECN/raw + standard	1999	2 methods · local
19	MultiBank Group	6	50 group	500KE	120	3.58	ECN/raw + standard	2005	5 methods
20	FXTM	23	10	400KE	24	3.51	Standard	2011	5 methods · local
21	FBS	13	5 group	3000KE	—	3.47	Standard	2009	3 methods
22	CMTrading	8	100	200KE	72	3.45	ECN/raw + standard	2012	5 methods · local
23	Mitrade	—	20 group	200KE	48	3.44	—	2011	2 methods
24	Alpari	3.5	30	3000KE	24	3.41	ECN/raw + standard	1998	5 methods
25	FXGT	14	5	5000KE	72	3.4	Standard	2019	4 methods
26	BDSwiss	5	10	2000KE	24	3.37	ECN/raw + standard	2012	3 methods
27	Plus500	13	—	30KE	72	3.26	Standard	2008	2 methods · local
28	T4Trade	18	50	1000KE	48	3.24	Standard	2021	5 methods · local
29	IG Markets	13.6	50 group	200KE	120	3.14	ECN/raw + standard	1974	3 methods · local

Ten are shown; the button opens the rest.

"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.

Eightcap publishes a retail leverage of 1:500 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. Highest-leverage 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. Capital.com — highest score of the three · 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: CMA Kenya 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: MT5cTraderWebTradingView
Funding: CMA-licensed brokers in Kenya commonly integrate M-Pesa and local bank transfer; Capital.com's specific M-Pesa support not verified at review.
Not served: Afghanistan, American Samoa, Belgium, Bahamas, Barbados, Belarus, Burkina Faso, United States of America, Cameroon, Canada, China, Congo, Democratic Republic of the Congo, Cuba, Eritrea, Gibraltar, Guam, Haiti, India, Indonesia, Iran, Iraq, Israel, Japan, Artsakh (Nagorno-Karabakh), Kosovo, North Korea, Libya, Malaysia, Mali, Marshall Islands, Federated States of Micronesia, Myanmar, New Zealand, Northern Mariana Islands, Palestine, Palau, Philippines, Puerto Rico, Russia, Sahrawi Arab Democratic Republic, Samoa, Senegal, Somalia, South Sudan, Sudan, Syria, Turkey, United States Minor Outlying Islands, Vanuatu, Venezuela, Virgin Islands, US, Yemen

Reviews25%75
Round-turn cost20%90
Safety100
Payouts15%80
Track record10%50
Platforms

Why it ranks here

Round turn 7 USD against the slice median 7 USD. strongest axis safety 100 of 100. total score 4.45.

Watch for

Payouts axis 58 of 100; e-wallet times not published.

Full review of Capital.com

2. Pepperstone — locally licensed · withdrawal in 24 h (score 4.44)

Round turn: 7 USD
Withdrawal: 1 business day
KES account: 10 base currencies (AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD); no KES account, so KES deposits incur conversion.
Leverage: 400KE
Licence: CMA Kenya 128
Accepts residents: yes
Onboarding entity: Pepperstone Markets Kenya Limited
Founded: 2010
Register: https://cma.or.ke · 09.07.2026
Group leverage: local
Instruments: 1,200+ instruments: 90+ forex pairs, indices, commodities/metals, share CFDs, ETFs and crypto CFDs.
Platforms: MT5MT4Web
Funding: M-PESA mobile money, local Kenyan bank transfer, Visa/Mastercard and e-wallets; M-PESA/local transfers often processed within 24 hours.
Not served: Afghanistan, American Samoa, Antarctica, Armenia, Belarus, Belgium, Belize, Bhutan, Bosnia and Herzegovina, Cameroon, Canada, Central African Republic, Chad, Congo, Congo, the Democratic Republic of the, Côte d’Ivoire, Cuba, Eritrea, French Guiana, French Polynesia, Guadeloupe, Guam, Guinea, Guinea-Bissau, Guyana, Haiti, Holy See, Iran, Iraq, Japan, Kazakhstan, Lebanon, Liberia, Libya, Malaysia, Mali, Martinique, Mayotte, Mozambique, Myanmar (Burma), New Zealand, Nicaragua, North Korea, Palestine, State of, Puerto Rico

Why it ranks here

Round turn 7 USD against the slice median 7 USD. strongest axis safety 100 of 100. total score 4.44.

Watch for

Min deposit 200 USD, double the Kenya median of 50; withdrawal time not published.

Full review of Pepperstone

3. Equiti — locally licensed (score 4.12)

Round turn: 7 USD
Withdrawal: 1-3 working days
KES account: USD; mobile-money funding in KES.
Leverage: 400KE
Licence: 107
Accepts residents: yes
Onboarding entity: EGM Securities Ltd
Founded: 2008
Register: https://egmsecurities.com · 09.07.2026
Group leverage: localgroup
Instruments: FX, indices, commodities, metals (CFDs).
Platforms: MT5WebMobile
Funding: M-Pesa and mobile money, cards, bank transfer, e-wallets, crypto wallets.
Not served: Afghanistan, Bahamas, Belarus, Belgium, Burundi, Bulgaria, Central African Republic, Croatia, Congo Rep., Cote d’Ivoire, Crimea Region, Cuba, Democratic Republic of the Congo, Eritrea, Guinea-Bissau, Haiti, Iran, Korea, North, Libya, Mozambique, Myanmar, Namibia, New Zealand, Nicaragua, Panama, Philippines, Somalia, South Sudan, Spain, Sudan, Syria, Turkmenistan, United States Minor Outlying Islands, Virgin Islands (U.S.), Yemen, Zimbabwe

Why it ranks here

Round turn 7 USD against the slice median 7 USD. strongest axis safety 100 of 100. total score 4.12.

Watch for

Onboards Kenyan residents through an offshore entity: no CMA Kenya licence, no CMA Kenya complaints route, no KES account.

Full review of Equiti

What the data shows(29 of 55 distributions · 52 brokers)

Swap-free availability (29 of 55 brokers)

Offered30Not offered14

Admin fee after the free period (29 of 55 swap-free)

Never16After 3–30 days9not published5

Who onboards Kenyan residents (29 of 55 brokers)

Local CMA Kenya entity20Offshore entity24

KES account (29 of 55 brokers)

Yes16No23not published5

Retail leverage in Kenya (37 of 55 · median 1:500)

27<1000

41000-2000

22000-3000

33000-4000

14000+

Full list(29 of 55)

1EGM 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
2Capital.com4.45
Onboards
Local · CMA Kenya
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
20 group
Leverage
200KE
KES
Yes
3Pepperstone4.44
Onboards
Local · CMA Kenya
Swap-free
none, no limit
Round turn, USD
7
Leverage
400KE
KES
Yes
4Equiti4.12
Onboards
Local · CMA Kenya
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
5
Leverage
400KE
KES
Yes
5Fusion Markets4.09
Onboards
Local · CMA Kenya
Swap-free
none, no limit
Round turn, USD
4.5
Min deposit, USD
0
Leverage
500KE
KES
Yes
6LiteFinance4.05
Onboards
Local · CMA Kenya
Swap-free
none, no limit
Round turn, USD
5
Min deposit, USD
50
Leverage
500KE
KES
Yes
7Scope Markets4
Onboards
Local · CMA Kenya
Swap-free
none, no limit
Round turn, USD
9
Min deposit, USD
100
Leverage
400KE
KES
Yes
8Tickmill3.9
Onboards
Local · CMA Kenya
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
100
Leverage
500KE
KES
Yes
9AvaTrade3.8
Onboards
Local · CMA Kenya
Swap-free
none, no limit
Round turn, USD
9
Min deposit, USD
100 group
Leverage
400KE
KES
Yes
10JustMarkets3.79
Onboards
Local · CMA Kenya
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
10 group
Leverage
3000KE
KES
Yes
11Trade Nation3.77
Onboards
Local · CMA Kenya
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
0
Leverage
200KE
KES
Yes
12Scope Markets Kenya3.77
Onboards
Local · CMA Kenya
Swap-free
none, no limit
Round turn, USD
9
Min deposit, USD
10
Leverage
400KE
KES
Yes
13OctaFX3.75
Onboards
Local · CMA Kenya
Swap-free
none, no limit
Round turn, USD
9
Min deposit, USD
25 group
Leverage
1000KE
KES
Yes
14Eightcap3.7
Onboards
Local · CMA Kenya
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
100
Leverage
500KE
KES
Yes
15Vantage3.69
Onboards
Local · CMA Kenya
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
50 group
Leverage
500KE
KES
Yes
16ThinkMarkets3.67
Onboards
Local · CMA Kenya
Swap-free
none, no limit
Round turn, USD
7
Min deposit, USD
50
Leverage
500KE
KES
Yes
17Moneta Markets3.65
Onboards
Local · CMA Kenya
Swap-free
none, no limit
Round turn, USD
3
Min deposit, USD
50
Leverage
1000KE
KES
Yes
18FXCM3.63
Onboards
Local · CMA Kenya
Swap-free
none, no limit
Round turn, USD
7.5
Min deposit, USD
50 group
Leverage
400KE
KES
Yes
19MultiBank Group3.58
Onboards
Local · CMA Kenya
Swap-free
none, no limit
Round turn, USD
6
Min deposit, USD
50 group
Leverage
500KE
KES
Yes
20FXTM3.51
Onboards
Local · CMA Kenya
Swap-free
none, no limit
Round turn, USD
23
Min deposit, USD
10
Leverage
400KE
KES
Yes
21FBS3.47
Onboards
Local · CMA Kenya
Swap-free
none, no limit
Round turn, USD
13
Min deposit, USD
5 group
Leverage
3000KE
KES
Yes
22CMTrading3.45
Onboards
Local · CMA Kenya
Swap-free
none, no limit
Round turn, USD
8
Min deposit, USD
100
Leverage
200KE
KES
Yes
23Mitrade3.44
Onboards
Local · CMA Kenya
Swap-free
none, no limit
Min deposit, USD
20 group
Leverage
200KE
KES
Yes
24Alpari3.41
Onboards
Local · CMA Kenya
Swap-free
none, no limit
Round turn, USD
3.5
Min deposit, USD
30
Leverage
3000KE
KES
Yes
25FXGT3.4
Onboards
Local · CMA Kenya
Swap-free
none, no limit
Round turn, USD
14
Min deposit, USD
5
Leverage
5000KE
KES
Yes
26BDSwiss3.37
Onboards
Local · CMA Kenya
Swap-free
none, no limit
Round turn, USD
5
Min deposit, USD
10
Leverage
2000KE
KES
Yes
27Plus5003.26
Onboards
Local · CMA Kenya
Swap-free
none, no limit
Round turn, USD
13
Leverage
30KE
KES
Yes
28T4Trade3.24
Onboards
Local · CMA Kenya
Swap-free
none, no limit
Round turn, USD
18
Min deposit, USD
50
Leverage
1000KE
KES
Yes
29IG Markets3.14
Onboards
Local · CMA Kenya
Swap-free
none, no limit
Round turn, USD
13.6
Min deposit, USD
50 group
Leverage
200KE
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)

Same country

Explained

FAQ

How many brokers qualify for this ranking in Kenya?: 29 of 55 brokers measured for this country qualify.
Which broker leads it, and on what basis?: Capital.com leads it with a score of 4.45. 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 29 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(29 of 55 broker records)

Verified01.10.2026

data re-captured 28.09.2026

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.