Best Online trading brokers in Kenya. Online trading has highly advanced and gives individuals who wish to start online trading to choose a broker and start trading or investing in stock market , Forex market, commodities or other financial markets through online.
As an online trader or investor you can make daily trades on financial markets or commodities but you need the best broker and tools to be able to do so.
You cannot trade on the stock market or other financial markets on your own. You will need a broker who will carry out the trades on your behalf. That’s why you need the best broker to be able to trade.
A genuine stoke market broker you should choose needs to be registered and regulated NSE whereas a CFD or online Forex broker in Kenya needs to be licensed by the CMA
Kenya has some of the best trading brokers among them FXPesa, SBG Securities, Faida, Pepperstone, Exness among others.
Below we take a look at some of the best online trading brokers in Kenya
Best online trading brokers in Kenya
Exness is a top worldwide Trading Securities dealer with a very easy to use platform. With their modern trading platform Metatrader 5, Exness has not only a wider audience in Kenya but also across the world.
The Exness Group was founded by a group of like-minded professionals in the area of finance and information technology in 2008.
Over the years, Exness Group has developed at an impressive rate, and is recognized today as an industry leader. By December 2020, Exness.com monthly trading volume reached 673.6 billion USD and with active online traders around the world surpassing 145,400. Currently the Exness offers a wide range of financial instruments, including currency pairs, metals, cryptocurrencies, energies, indices, and stocks.
Apart from the easy to use trading platform, you will enjoy a high level customer care services offered through their personal with an international approach. They offer client support in 15 languages, including 24/7 support in English, Chinese, and Thai. Get started with Exness Metatrader 5 today.
2. SBG Securities
SBG Securities offers its clients real time access to market prices, research information, and 24 hour access to their trading accounts giving them full control of their investments. The platform allows clients to place orders, view real time market prices, view their transaction statements, portfolio valuations, and contracts.
To trade online at SBG Securities, one is required to first open a CDS account. Once the account is opened, the iTrader account can be activated online by visiting www.sbgsecurities.co.ke to register. On registration, your log in and password details will be sent to you and you may proceed to enjoy the convenience of trading online.
Faida Online Trading
Faida Investment bank is another reliable broker when it comes to online trading. Faida Investment Bank Limited is a market leader in the Kenyan securities and capital markets, achieving consistent, unassailable top performance in secondary trading at the Nairobi Securities Exchange.
Faida conveniently offer clients the opportunity to access their accounts and trade through the Faida. mobile app, Faida M-trader.
The online share trading platform allows access to exciting services including but not limited to;
- Client statements
- Portfolio valuation reports
- Real time market statistics and analytics
- Market recommendation reports
- Corporate actions
- Corporate News
- Real time market depth information and trading
You also have the opportunity to see the real time share value on the NSE while on the Faida website.
Faida offers clients to register for online share trading account or equities trading account.
Pepperstone Markets Kenya Limited is part of the Pepperstone Group of companies, regulated globally including by ASIC, FCA and CMA. With a daily average of US$9.2bn worth of trades, proudly one of the world’s largest FX brokers. Trusted by thousands of traders worldwide.
With pepperstone, you can trade in Forex, Indices, commodity CFDs, shares and currency indices
FXPesa is the trading name of EGM Securities Limited which is authorised and regulated by the Capital Markets Authority, and has its registered address at 12th floor, Tower 2, Delta Corner Towers, Waiyaki Way, Westlands, Nairobi.
Some of the products you can trade in on FXPesa include, Currencies, indices ,commodities, US shares, UK Shares, EU Shares. FXPesa was the first trading company to offer Forex and CFD products for the retail market in East Africa.
FXPesa and EGM Securities are part of a global group of companies that are among the most progressive FX and CFD providers in the industry.
FxPesa has a brand new web trading platform that you can use to access Fx and CFD’s. With FXPesa you can also download a trading application from the Google Play store or IOS store. The application is a one-stop shop. You can set up your demo or a live account on the app and get trading without having to switch between any other applications.
Tools and services required for Online trading in Kenya
- Computer or a smartphone device
- Internet access
- Trading platform
- Charting software
- Upto date Market data
- Trading Simulator
The online trading is growing at fast rate in Kenya with many enrolling in it. Studying the market and developing trading principals is the key to ones success in the trading and Forex industry.
Faida Investment Bank Limited (“Faida”) was licensed in 1995 by the Capital Markets Authority (CMA) to operate as a stocks and securities broker. In December 2007, it converted into a full-fledged Investment Bank.
Who is a broker?
A broker is an individual or firm eg bank that acts as an intermediary between an investor and a securities exchange. Because securities exchanges only accept orders from individuals or firms who are members of that exchange, individual traders and investors need the services of exchange members. Brokers provide that service and are compensated in various ways, either through commissions, fees or through being paid by the exchange itself.
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