7 Best Online Trading Platforms in Kenya

Features
Features
Bonus
Rating
REGISTER
1 Quotex Logo
  • Get $10,000 in your DEMO account
  • Minimum trading amount is $1
  • Get up to 98% Rate on Return
  • Fast deposits and withdrawals
  • $10 minimum deposit
  • $10 minimum withdrawal

Last updated on June 13th, 2023 at 09:56 am

Looking for the best online trading platforms in Kenya?

In this article, I will discuss some of the most popular investment brokers you can consider to start making money as a trader in Kenya.

See, when choosing a trading platform, you should look for the following features:

  • Easy to withdraw and deposit funds for trading. If they can support MPESA, you are set.
  • Simple trading platform with everything you need to be a profitable trader.
  • Come with trading learning materials. You need demo accounts to get you started and hone your skills.

These and more others should guide you in picking the best online trading platforms in Kenya.

Features
Features
Bonus
Rating
REGISTER
1 Quotex Logo
  • Get $10,000 in your DEMO account
  • Minimum trading amount is $1
  • Get up to 98% Rate on Return
  • Fast deposits and withdrawals
  • $10 minimum deposit
  • $10 minimum withdrawal

Now, based on the above criteria, here is a quick list of the brokers to try now in Kenya:

  • Olymp Trade – they are the best trading platform. Comes with a ton of trading materials, including indicators and tradable assets. Also, support MPESA deposits and withdrawals.
  • IQ Option –one of the easiest trading platforms in 2021. Allows you to trade over 100 instruments, including stocks and crypto.

Let’s dive deep into these brokers.

Table of Contents

Best online trading platforms in Kenya

#1. Olymp Trade in Kenya

online trading platforms in Kenya

I won’t bore you with the history of the platform. But you need to know that Olymp Trade is a category A broker of the international Financial Commission.

Membership in the Financial Commission is an honor granted only to reliable and honest companies that have repeatedly demonstrated the high quality of their services.

Is it safe?

Yes!

Olymp Trade is not a scam. I know how this scamming is rampant, especially regarding online trading companies in Kenya.

Why Olymp Trade?

Here is what I love about the broker;

Features
Features
Bonus
Rating
REGISTER
1 Quotex Logo
  • Get $10,000 in your DEMO account
  • Minimum trading amount is $1
  • Get up to 98% Rate on Return
  • Fast deposits and withdrawals
  • $10 minimum deposit
  • $10 minimum withdrawal

They don’t just give traders a chance to earn, but they also teach them how.

With a world-class team of analysts, you will be in the best hands regarding online trading in Kenya.

The teams work round the clock to develop original trading strategies and teach traders how to use them intelligently in open webinars, and they consult one-on-one with traders.

Olymp Trade Payouts in Kenya

You can withdraw your funds at any time.

From one year to the next, Olymp Trade has been increasing the payout speed and improving its trading education. As a result, more and more people are prospering on the platform.

In fact, over 25K traders use the platform daily. Olymp Trade payout at least $10 million in a month, and they are increasing the payout by an average of 7% each month.

Assets and Markets

You can trade the following markets on Olymp Trade in Kenya.

  • Stocks
  • Commodities
  • ETFs
  • Currencies
  • Cryptocurrency

Learn how to create an Olymp Trade account.

Is Olymp trade allowed in Kenya?

Yes! Kenya is among the top African countries accepted to trade on Olymp Trade. Others include South Africa, and Nigeria, among others.

And you can do more than invest in FTT trades. They also offer forex trading.

Features
Features
Bonus
Rating
REGISTER
1 Quotex Logo
  • Get $10,000 in your DEMO account
  • Minimum trading amount is $1
  • Get up to 98% Rate on Return
  • Fast deposits and withdrawals
  • $10 minimum deposit
  • $10 minimum withdrawal

Read our honest Olymp Trade Review.

#2. IQ Option in Kenya

IQ Option in Kenya

IQ Option boasted over 48 091 542 registered users in 2020. Run and owned by IQ Options Europe Ltd, IQ Option Kenya is an online trading services provider that is based in Cyprus.

This online trading platform first came into the limelight in 2013. Since then, it has grown by leaps and bounds into the trading giant you see today.

In an effort to appeal to everyone, beginner traders and pros alike, IQ Option has a minimum deposit requirement of $10 and a free demo account.

Learn how to create IQ Option account.

Assets At IQ Option in Kenya

You currently have over 90 underlying tradable assets on IQ Option.

They range from:

  • Currency pairs
  • Market indices
  • Stocks and commodities.

Recently, the broker added at least 12 different types of Cryptocurrencies on their platform.

Other online trading apps in Kenya include:

#3. ExpertOption

Over 100 assets
:Social trading
:Technical analysis tools
:Fast and efficient on any device
:Instant access to trading

Trade With $1. Copy Trading Allowed.

  • Over 100 assets
  • Social trading
  • Technical analysis tools
  • Fast and efficient on any device
  • Instant access to trading

#4. Quotex Trading Platform

online-trading-platforms-in-kenya-3

Get $10,000 FREE to DEMO trade in Quotex.

  • Multiple trading tools
  • Minimum deposit of $10
  • Minimum withdrawal of $10
  • Multiple deposit methods
  • User-friendly interface
  • Faster deposits and withdrawals
  • Free signals

Best Forex/Stock Investment Platforms in Kenya

One of Kenya’s most popular investment platforms for stocks and forex is the Nairobi Securities Exchange (NSE). It is a regulated platform offering investors various securities to choose from.

For those looking to invest in stocks, various blue-chip companies on the NSE offer investors excellent returns.

Additionally, the NSE also provides investors access to bonds issued by the Kenyan government, which can be great options for low-risk investments.

Furthermore, traders can access Forex markets through the NSE’s online platform and benefit from leveraged trading opportunities. With its wide range of investment options available for all kinds of investors, it’s no wonder why the NSE continues to be one of the best forex/stock investment platforms in Kenya.

What is the Role of a Forex Broker?

A Forex broker is an individual or company that acts as an intermediary between traders and the international currency market. They are responsible for facilitating trades in the foreign exchange market, a decentralized global market where all currencies are traded. Brokers provide access to the forex market by allowing traders to buy and sell currencies through their platforms.

They also offer advice on trading strategies, provide analysis of the forex market, and help traders manage risk.

Features
Features
Bonus
Rating
REGISTER
1 Quotex Logo
  • Get $10,000 in your DEMO account
  • Minimum trading amount is $1
  • Get up to 98% Rate on Return
  • Fast deposits and withdrawals
  • $10 minimum deposit
  • $10 minimum withdrawal

Forex brokers in Kenya also provide leverage, which allows traders to open larger positions with less capital.

By providing access to the forex market, brokers enable traders to take advantage of price movements to make profits from their trades.

What should traders look for in Forex Trading Apps in Kenya?

Traders should look for a trading app that provides a comprehensive and reliable platform to trade forex. The app should have all the tools and features to provide an optimal trading experience.

It should include market data, asset prices, indicators, and other essential resources for successful trading. Furthermore, the app should be user-friendly and easy to navigate so traders can quickly access the information they need.

Additionally, it should offer a secure environment with advanced security measures to protect traders’ funds and personal data.

Finally, the trading platform should be regularly updated with new features and tools to ensure that traders get the best possible trading experience.

How to invest in stocks from Kenya

Investing in stocks from Kenya is a great way to diversify your portfolio and access global markets.

To begin, you will need to find a broker regulated by the Kenyan government that offers trading services in the country. Once you have chosen a broker, you can open a trading account and deposit funds into it.

The minimum deposit amount varies depending on the broker, but it is usually around $100 or more. After depositing funds into your account, you can start trading stocks on the platform.

You can also invest in other asset classes, such as CFDs, UK financial assets, etc.

With good trading experience and market knowledge, you can make profitable investment in Kenya stocks.

As an investor, it is important to understand how to regulate your investments and manage risk properly for long-term success.

Faida Investment Bank Online Trading

Faida Investment Bank is a leading online trading platform in Kenya, offering investors the best investment opportunities in Forex, stocks, and other capital markets.

With its well-researched information and portfolio of products, Faida Investment Bank provides investors with the best trading experience.

The bank has developed a secure and regulated trading app for Kenyan traders to use for online trading activities. This app allows investors to access real-time market data, place trades quickly and easily, and manage their portfolios efficiently.

It also provides investors with up-to-date news and analysis to help them make informed decisions about their investments. With its user-friendly interface, Faida Investment Bank’s trading app is one of the best trading apps in Kenya for both novice and experienced traders.

By providing well-researched information and a secure platform for online trading, Faida Investment Bank ensures that its customers get the best returns on their investments while staying safe from any potential risks associated with unregulated markets.

Which investments have the best returns in Kenya?

Investing in Kenya can be a great way to generate returns, as the country has a strong economy and a growing middle class.

The best investments in Kenya tend to be those that are backed by tangible assets such as real estate, stocks, bonds, and commodities.

  • Real estate is particularly popular due to its potential for capital appreciation and rental income. Stocks and bonds offer the potential for capital gains and regular dividend payments.
  • Commodities such as gold, oil, and agricultural products are also good investments in Kenya due to their potential for price appreciation.
  • Investing in mutual funds or ETFs is also a great option for those looking for diversified exposure to the Kenyan market. Ultimately, the best investment will depend on an individual’s risk tolerance and financial goals.

Where can I invest small money in Kenya?

Investing small amounts of money in Kenya is a great way to grow wealth and secure your financial future. Many options are available for investing small amounts of money in Kenya, including stocks, bonds, mutual funds, and exchange-traded funds (ETFs).

Stocks provide the potential for long-term growth, while bonds offer more stability and income. Mutual funds allow investors to diversify their portfolios with various investments, while ETFs provide access to various markets.

Additionally, numerous online platforms allow investors to buy and sell stocks and other investments with minimal fees.

No matter what type of investment you choose, it is important to research before investing any money to ensure that you make the best decisions for your financial goals.

Features
Features
Bonus
Rating
REGISTER
1 Quotex Logo
  • Get $10,000 in your DEMO account
  • Minimum trading amount is $1
  • Get up to 98% Rate on Return
  • Fast deposits and withdrawals
  • $10 minimum deposit
  • $10 minimum withdrawal

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