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Rift Ledger
55 brokers measured30 pricedmedian 7.0 USDformula v1.0Data captured 03.10.2026Some links are partner links. They never change a score or a position.
Kwame DlaminiKwame Dlamini AuthorTebogo OtienoTebogo Otieno EditorSibusiso AdeyemiSibusiso Adeyemi Fact-checkerScore recalculated 03.10.2026

How to verify a broker licence in Kenya

Licence numbers on file
22
Brokers in base
55
Without a local licence
28
Checked
2026-10-03

Four checks, in this order

1. Find the number, not the badge. A logo is not a licence. The broker pages here print the licence number we found, or say plainly that none is published for this country.2. Read it in the register. Open the regulator's own register and search the number. The regulator for Kenya and its register are named on every broker page we publish.3. Check the name on the licence against the name on the contract. This is where most of the confusion lives: the brand you signed up with and the entity on the client agreement are often different companies in different countries. Our entity column exists for this reason.4. Check the permissions, not just the presence. A firm can be on a register for one activity and not for the one it is selling you.

What goes wrong locally

Common local scams: Ponzi/pyramid 'forex investment' schemes and 'account manager' cons promising guaranteed returns, often via M-Pesa; fake/cloned unlicensed platforms; social-media signal/copy-trade fraud. CMA urges verification on its register and reporting to the Capital Markets Fraud Investigation Unit. KYC documents: national ID (or passport), KRA PIN certificate, and proof of address (utility bill/bank statement).

Brokers here without a local licence

Showing 25 of 55 brokers that onboard Kenya residents.
BrokerOnboarding entityMax leverage
BlackBull MarketsNot served - Kenya is explicitly on BlackBulno data
EightcapEightcap Global Limited500.0geo
Fusion MarketsKenyan retail clients are onboarded under th500.0geo
Trade NationTrade Nation Ltd200.0geo
AlpariParlance Trading Ltd3000.0geo
BDSwissKenyan clients are onboarded under the offsh2000.0geo
CMC MarketsCMC Markets does not accept clients residentno data
FXGTGT Global Ltd5000.0geo
LiteFinanceLiteFinance Global LLC500.0geo
Moneta MarketsMoneta Markets Ltd1000.0geo
ThinkMarketsTF Global Markets Int Ltd500.0geo
VantageKenyan retail clients are onboarded by the o500.0geo
XTBXTB does NOT serve Kenya - Kenyan residents no data
FBSFBS Markets Inc3000.0geo
IG MarketsIG International Ltd200.0geo
MitradeMitrade Holding Ltd200.0geo
MultiBank GroupKenyan clients served via offshore entity (B500.0geo
OctaFXOcta Markets Ltd1000.0geo
AvaTradeAva Trade Markets Ltd400.0geo
CAPEXKW Investments Ltdno data
CFINo verified Kenya-local entity; Kenyan clienno data
T4TradeTradeco Ltd1000.0geo
CMTradingGCMT Limited200.0geo
Hisa (Hisa app)Faida Investment Bank Ltdno data
Plus500Plus500CY Ltd30.0geo

FAQ (2)

How do I check a broker licence in Kenya?

Common local scams: Ponzi/pyramid 'forex investment' schemes and 'account manager' cons promising guaranteed returns, often via M-Pesa; fake/cloned unlicensed platforms; social-media signal/copy-trade fraud. CMA urges verification on its register and reporting to the Capital Mark

The broker shows a licence from another country. Does it count?

It means a foreign entity regulates that company, not that it is authorised to serve Kenya residents. The two are different questions and the broker page names which entity signs the client.