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8 Best Binary Options Brokers in Kenya

The 8 Best Regulated Binary Binary Options Brokers in Kenya revealed. We tested and verified the best regulated binary options, forex brokers, for Kenyan Traders.

This is a complete list of binary options forex brokers in Kenya.

In this in-depth guide you’ll learn:

  • What is a Binary Options Broker?
  • Which binary options brokers are best for Kenyan Traders?
  • Our recommended $5 (595 KES) low deposit binary options brokers for Kenyan Beginner Traders?
  • How to compare binary options forex trading brokers against each other?
  • Which brokers offer a signup bonus for first-time traders?
  • Which Binary Options Brokers offer a mobile app on IOS and Android?
  • Which regulated binary options brokers offer  traders to trade on the MT4/MetaTrader 4 and MT5/MetaTrader 5 platforms?


And lots more…

So if you’re ready to go “all in” with the best-tested regulated binary options brokers for Kenyans…

Let’s dive right in…

Updated : August 31, 2022

8 Best Binary Options Brokers in Kenya (Updated 2022)

  1. NADEX
  2. ExpertOption
  3. Olymp Trade
  4. Binomo
  5. IQ Option
  6. Deriv
  7. Pocket Option
  8. RaceOption

What are Binary Options?

👉 Contracts for binary options have predetermined risks and obvious payoffs. There are just two potential outcomes upon expiry, thus the name “binary options.” You either gain a certain profit or lose the initial investment.

👉 Knowing how much you stand to lose if the markets go against you might help you make a more informed decision about whether to trade. This is a regulated, but thrilling, kind of trading since you know the precise quantity of your potential reward if they do not.

👉 When trading a binary option, you are deciding whether a market will be at or above a certain price at a predetermined period. You should purchase only if you are certain that this is the case. You should sell if you have any doubts about whether that is going to be the case.

1. NADEX

NADEX

Overview

👉 The Northern American Derivatives Exchange, previously known as HedgeStreet, is a binary options exchange established in the United States. Nadex became the leading broker for binary options, call spreads and knockouts in the United States. It provides customers with its own trading platform, which is also accessible through a mobile app and is popular among millennial traders.

 

👉 The US Commodity Futures Trading Commission (CFTC) regulates Nadex, granting licenses to only the most trustworthy brokers and permitting trading in the United States.

 

👉 The regulatory framework establishes the circumstances for making a career trading on Nadex and attests to the reliability of this broker, who remains highly regulated and trustworthy in an industry rife with fraud.

 

Features

➡️ Nadex has a varied maximum pay-out.

➡️ There is a demo account offered.

➡️ The minimum trade is $1 / 110 KES.

➡️ The minimum deposit to join Nadex is $250 / 29,700 KES.

➡️ The assets available include Binary Options, Call Spreads, Commodities, Metals, Indices, Stocks, Energies, and Touch Brackets

 

NADEX Pros and Cons

✔️ Pros❌ Cons
Nadex offers a range of binary options along with knockouts and call spreads.There is a limited selection of forex pairs offered.
The Nadex platform is extremely well-regulated and has a longstanding reputation.
There are competitive conditions with tight spreads and low commissions
The minimum trade is low and there is a range of instruments available.
There is a free demo account offered.
Nadex accepts traders from over 40 countries worldwide.
The fee structure is straightforward and transparent.

2. ExpertOption

ExpertOption

Overview

👉 With a history dating back to 2014, ExpertOption is a reputable broker that provides access to binary options on more than a hundred different underlying assets. This broker has over 79 million registered users and services customers in over 150 countries.

 

👉 ExpertOption’s pay-outs are among the highest in the industry, reaching as high as 95%. Its platform caters to newbies with its intuitive interface, but more experienced traders will enjoy its depth of tools including a variety of chart formats, 8 indicators, and trend lines.

 

👉 Social Trading is another feature available on ExpertOption, letting you trade binary options with your friends or watch the transactions of other VIP users in real-time.

 

👉 Over twenty different options for making deposits and withdrawals are available on ExpertOption. There is no registration required to try out this binary options broker’s demo. Overall, ExpertOption is a terrific trading platform with generous returns that is worth investigating.

 

Features

➡️ ExpertOption offers more than 100 tradable instruments.

➡️ The minimum trade is $1 / 110 KES.

➡️ There is a low minimum deposit of $10 / 1,100 KES.

➡️ The maximum pay-out is 95%+.

➡️ Kenyans can trade Commodities, Forex, Cryptocurrencies, Shares, and more.

➡️ ExpertOption offers a 100% Welcome Bonus.

➡️ There are advanced Analysis tools offered.

 

ExpertOption Pros and Cons

✔️ Pros❌ Cons
ExpertOption is renowned for offering free support managers.The maximum trade expiry is set at 15 minutes.
There are several account types to choose from, suiting all budgets.
There is a multi-device platform offered.
ExpertOption offers customer support in 15 languages.
There are over 100 instruments that can be traded.

3. Olymp Trade

Olymp Trade

Overview

👉 Olymp Trade is an online brokerage that was founded in 2014. Owned by Saledo Global LLC and located in St. Vincent & the Grenadines, Olymp Trade is accessible to customers from over 30 countries across the globe.

 

👉 Since 2016, even though this broker is unregulated in Europe and North America, it has been a member of the Financial Commission (FinaCom).

 

👉 This membership is restricted to a small group of businesses and offers client safety by protecting each trader for up to €20,000 under the FinaCom Compensation Fund.

 

👉 Olymp Trade is one of the major binary options trading platforms, with a UI that makes it simple to use.

 

👉 It is an authorized broker that provides educational materials and analyses, and it comes as no surprise that this platform is a multiple-award winner, given its free demo account, top-rated customer service, and bonuses.

 

👉 It offers its consumers a trading platform that is user-friendly and effective, and whose services are continuously enhanced.

 

👉 In addition to economic calendars and specialist webinars, the organization maintains a blog that helps traders stay abreast of the most current trends and trading tactics. Olymp Trade also provides trading in Commodity Futures Trading Commission, FX, and digital options.

 

Features

➡️ Olymp Trade has a maximum pay-out of 92%+.

➡️ The minimum trade is $1 / 110 KES.

➡️ There is a minimum deposit requirement of $10 / 1,100 KES.

➡️ The assets offered include Forex, ETFs, Cryptocurrencies, Indices, Commodities, and more.

 

Olymp Trade Pros and Cons

✔️ Pros❌ Cons
Both the web and mobile trading apps are user-friendly and easy to navigate.There is a limited selection of bonuses available.
Traders can get leverage up to 1:400.Accounts that are not verified will face issues with withdrawals.
The mobile app is offered on both iOS and Android devices.
There is an extremely low minimum deposit requirement.
Kenyans can expect 24/7 customer support.
There are several funding options supported.
Olymp Trade offers a range of educational materials.

4. Binomo

Binomo

Overview

👉 Binomo is a company that is registered in St. Vincent and the Grenadines. Binomo is a provider of binary options, Forex, cryptocurrencies, and CFDs. They are an IFC category “A” member, which ensures their transparency, service quality, and unbiased conflict resolution by an organization. Binomo also offers client insurance up to $20,000 and traders can open either a normal or a VIP account, each of which comes with additional rewards.

 

👉 Traders who deposit $1,000 are upgraded to VIP status, providing them access to 42 markets, a 10% cashback bonus, a personal manager, incentives on deposits, quick withdrawals, and a maximum pay-out of up to 90%.

 

👉 Standard accounts, however, only have access to 14 markets and can expect a maximum pay-out of 85%.

 

👉 For traders who are new to Binomo and binary trading, the site provides a free trial account with $1000 in virtual currency. This platform offers a greater return on investment because of its minimal minimum transactions and several marketplaces to participate in.

 

👉 Binomo has developed and introduced new features to accommodate consumers’ shifting demands. Additionally, this site welcomes foreign merchants from a variety of nations.

 

Features

➡️ The maximum pay-out for Standard Accounts is 85% while VIP Accounts enjoy a maximum of 90%.

➡️ There is a minimum trade of $1 / 110 KES.

➡️ The minimum deposit requirement is $10 / 1,100 KES.

➡️ Binomo offers a free demo account.

➡️ Kenyans can trade Commodities, Forex, Stocks, CFDs, and more.

 

Binomo Pros and Cons

✔️ Pros❌ Cons
There are no hidden fees.There are fewer markets and lower yields than competitors.
There are up to 42 different markets that can be traded.
There is an ultra-low minimum deposit requirement.
There is a free demo account offered.
Kenyans can access customer support 24 hours a day, 7 days a week.

5. IQ Option

IQ Option

Overview

👉 IQ Option is a broker with a Cyprus basis that is subject to CySEC regulation (Cyprus Securities and Exchange Commission).

 

👉 One of the most popular online trading platforms since 2013, IQ Option has over 43 million registered users, more than 1 million transactions every day, and customers from more than 213 nations.

 

👉 IQ Option is renowned for its comprehensive and modern trading platform. They provide more than 250 trading assets, including binary and digital options as well as CFDs on stocks, cryptocurrencies, commodities, and exchange-traded funds (ETFs).

 

👉 Their digital options offer return rates of up to 900%, while their binary options pay up to 95% on successful investments.

 

👉 The IQ Option platform is accessible through their trading applications or the Web (Android, iOS, Mac, and Windows). $10,000 in fictitious money is accessible in free demo accounts for practice purposes.

 

👉 IQ Option’s software includes many chart layouts, financial indicators, technical analysis, and real-time notifications, among other features you would desire or anticipate.

 

👉 Additionally, IQ Option also offers several risk management tools, such as Stop Loss, Take Profit, Negative Balance Protection, and Trailing Stop.

 

Features

➡️ There are binary options pay-outs up to 95%.

➡️ The expiry times range between 60 seconds up to one calendar month.

➡️ There are multiple multi-chart layouts, technical analysis capabilities, technical indicators, and more.

➡️ Kenyans can trade over 250 instruments including Forex, Indices, Cryptocurrencies, Commodities, CFDs on Shares, and more.

➡️ There is a minimum trade of $1 / 110 KES.

➡️ The minimum deposit when registering an account is $10 / 1,100 KES.

 

IQ Option Pros and Cons

✔️ Pros❌ Cons
There are competitively low deposit fees.There is limited market availability.
The UI of the trading platform is user-friendly.
The maximum pay-outs are extremely attractive.
The platform and services are accessible to most traders from around the world.
IQ Option offers instant withdrawals.
There is a free demo account that is funded with $10,000 virtual money.

6. Deriv

Deriv

Overview

👉 To celebrate the innovation and advancement of Binary.com, Deriv.com was created. The brokerage has developed over the last 20 years by focusing on the needs and interests of its customers as well as on innovations.

 

👉 Regent Markets Group, which was founded in 1999 to make online trading more accessible to the public, is the company that served as the basis for Deriv brokerage.

 

👉 Since then, the Group has grown and changed its name while continuing to be dedicated to its primary goal. When Regent Markets established its own operation in Malta in 2000, it purchased Deriv, a company that offered options trading.

 

👉 Deriv.com was launched by Binary.com, which is a new trading platform on the market. The most recent website, which provides CFDs, binary options, and FX trading, is accessible through an online interface called DTrader, a Metatrader framework (DMT5), and an automated trading platform called DBot.

 

👉 The 1 million customers of Binary.com, who do 43 million transactions monthly and get $6 million in rewards, were progressively moved to Deriv.com at the time of rebranding.

 

👉 Currency, commodities markets, stocks, and synthetic indexes are some of Deriv’s assets. The company also provides binary options trading.

 

👉 The company offers its clients three different sorts of accounts namely a Financial Account (standard), a Financial STP Account, and a Demo Account. In addition, the trading platforms offered by Deriv are simple, user-friendly, and effective.

 

Features

➡️ Deriv offers over 100 tradable markets.

➡️ There are three accounts to choose from.

➡️ Leverage up to 1:1000 is available on the Synthetic Account.

➡️ There is a free demo account with $10,000 virtual funding.

 

Deriv Pros and Cons

✔️ Pros❌ Cons
There is a range of deposit and withdrawal options supported.Copy and Social trading are not supported.
Deriv provides Kenyans access to several popular synthetic indexes.The sign-up incentives are limited, and recurring offers are not available frequently.
Clients and overall development are prioritized.There are several countries restricted from access.

7. Pocket Option

Pocket Option

Overview

👉 Pocket Option is an excellent broker for social trading with binary options. They provide instantaneous withdrawals, an outstanding trading platform, a variety of trading instruments, cashback, and more.

 

👉 Pocket Option works in over 95 countries and regions and has over 100,000 users. Pocket Option is a Marshall Islands-based broker created in 2017 and controlled by Gembell Limited, and their trading platform offers trading in over 100 assets, including equities, Forex, Cryptocurrencies, Commodities, and indices.

 

👉 The organization has a solid reputation and is regarded as trustworthy. Pocket Option provides a demo account, complete instruction, simple deposits and withdrawals, technical indicators, and trading alerts.

 

👉 The International Financial Market Relations Regulation Centre (IFMRRC) regulates Pocket Option with license number RU 0396 AA Vv0158.

 

👉 The Pocket Option trading platform is powerful and innovative, and the provided demo account is one of the best in the market. The trading platform is compatible with most mobile devices on Android and iOS, and computers that run Windows and other operating systems.

 

Features

➡️ Pocket Option has a maximum pay-out of 95%.

➡️ The minimum trade is $1 / 110 KES.

➡️ There is a demo account offered free of charge.

➡️ The minimum deposit requirement is $5 / 590 KES.

➡️ Kenyans can expect a range of assets spread across Commodities, Stocks, Forex, Crypto, ETFs, and more.

 

Pocket Option Pros and Cons

✔️ Pros❌ Cons
Pocket Option is known for its lightning-fast transaction speeds.There is a limited selection of account funding and withdrawal options.
Instant fund withdrawal is available.There is a mandatory identity and contact information verification.
The social trading platform offers a unique opportunity for traders to earn passive income.
There is an extremely low threshold for traders to enter the markets.
There are several educational materials offered to beginners.
There is a free demo account offered.

8. RaceOption

RaceOption

Overview

👉 Race Option is a popular binary options broker that offers a user-friendly copy trading platform that is an excellent choice for novice traders and investors.

 

👉 Quick processing times for withdrawals, flexible trading hours, and different deposit and withdrawal methods are all features offered by this broker.

 

👉 Race Option also provides a welcome bonus that ranges between 100% to 200% of the first deposit.

 

👉 RaceOption is a binary options broker that was created in 2014 and is headquartered in the United Kingdom. Their website allows users to trade in indices, commodities, currencies, and stocks, all part of the 100 different assets accessible for trading.

 

👉 Kenyans can easily trade on both their mobile devices and desktop computers 24/7. The minimum trade size is $1, and Race Option guarantees lightning-fast withdrawals that only take up to an hour. RaceOption also offers round-the-clock customer service and facilitates copy trading.

 

👉 RaceOption offers traders incentives on deposits, but some requirements must be met first. Like IQ Option, RaceOption organizes trading competitions (also known as tournaments), in which participants could earn up to $20,000 in prize money.

 

👉 Traders have the option of opening a Bronze, Silver, or Gold account. The account level will depend on the initial deposit and every account type has unique benefits and features.

 

Features

➡️ RaceOption has a maximum pay-out of 90%.

➡️ There are three account levels to choose from.

➡️ The minimum deposit on the Bronze Account is $250 / 29,700 KES.

➡️ Traders can expect a range of markets including Forex, CFDs, Indices, Stocks, Commodities, and more.

 

RaceOption Pros and Cons

✔️ Pros❌ Cons
There are several deposit and withdrawal options offered.The maximum pay-out is capped at 90%, much lower than most binary options brokers.
RaceOption offers attractive deposit bonuses.There is an extremely high minimum deposit requirement on the entry-level account.
RaceOption is available in most countries.
There are no restrictions placed on traders.
The broker offers personalized guidance and 24/7 multilingual customer support.

How to Choose the Right Binary Options Broker in Kenya

How to Choose the Right Binary Options Broker in Kenya

👉 Before committing to a binary broker, you should examine the components that we have listed in the sections below. Each of these factors could impact your overall trading experience.

 

👉 Before signing up, determine which features are most essential to you and select a broker that provides them.

 

Regulation and Licensing

👉 One of the most important things to look for when deciding which binary options broker to engage with is whether they are properly licensed and regulated. If you trade binary options with a regulated broker, you can be certain that you will be protected in the case of a disagreement.

 

👉 Client funds must be kept in separate bank accounts for further security, as required by law. Unlicensed brokers pose more of a threat to their clients, but they also have benefits including the potential to entice new customers with incentives.

 

👉 In addition, while it is not recommended, some traders might be forced to use an offshore broker if they want to trade binary options since they are illegal in your country, something that is particularly true in regions like Europe and India.

 

👉 Some of the most prominent and trusted market regulators are:

➡️ Financial Conduct Authority (FCA) in the United Kingdom.

➡️ Capital Markets Authority (CMA) in Kenya.

➡️ The Cyprus Securities and Exchange Commission (CySEC) in Cyprus.

➡️ The Commodities Futures Trading Commission (CFTC) in the US.

➡️ The Australian Securities and Investment Commission (ASIC) in Australia.

➡️ The Financial Sector Conduct Authority (FSCA) in Kenya, and many more.

 

Asset Index

👉 When looking for the best binary options provider, you should make sure to consider the assets that can be traded before deciding on a binary options provider.

 

👉 Many brokers publish their asset index on their websites where it may be seen by anybody. The more extensive their inventory of assets, the more possibilities there are for you to earn a profit.

 

👉 You can expect to trade on at least 30-70 various markets with most binary options companies, including Forex, commodities, stocks, and indices.

 

👉 However, several of the larger brokers, such as IQ Option and ExpertOption, also provide ETFs, CFDs, and cryptocurrency in addition to their other trading options.

 

Minimum Deposit

👉 Choosing a binary options broker with a low minimum deposit may be prudent if you are just beginning to trade binary options.

 

👉 Some brokers enable you to create trading accounts with as little as $10, which is an excellent way to get started without risking a substantial amount of capital. The minimum trading quantity should also be considered since it might differ across platforms.

 

Pay-Out Percentage

👉 The more lucrative the rewards, the better as this is the aim of binary options trading. In binary options trading, most firms give rewards between 50 and 100%. On occasion, though, you will encounter one that offers up to 200%returns on successful trades.

 

👉 Before signing up with a broker and investing money, you should be aware of the return on each successful transaction.

 

Mobile Trading Capabilities

👉 When it comes to trading binary options, you must have access to the markets through your smartphone or tablet. Many binary options brokers provide a mobile application that allows you to access the markets and make transactions from anywhere.

 

👉 Many websites for binary options have information on their trading apps and compatible devices, such as Android and iPhone.

 

Binary Options Trading Signals

👉 Not all brokers provide binary trading signals or alerts, but those that do may be quite useful, particularly for novice traders.

 

👉 These indications show the direction of a certain market, allowing you to maximize your returns. Advanced brokers may not need binary trading signals, although they are advantageous for novices. Therefore, beginner traders should seek a broker that provides this service.

 

Binary Options Bonuses

👉 Some brokers use binary options bonuses to recruit new consumers. A bonus may take several forms, including deposit match bonuses, sign-up bonuses, and risk-free trades. Most brokers will match anything from 20 to 100% of your first investment for deposit match campaigns.

 

👉 However, before you are allowed to withdraw this money, you must comply with some terms and conditions. For instance, you cannot join up and withdraw your bonus cash instantly.

 

👉 While terms and conditions on bonuses can feel restrictive, it is still an excellent technique to reduce risk and enhance income.

 

The Availability of a Demo Account

👉 Demo accounts for binary options enable you to test the broker’s platform. You are provided with a specific amount of virtual dollars to utilize while navigating the site and learning how to anticipate the market.

 

👉 However, you should also be aware of how realistic the demo account is in comparison to the real account. Demo accounts might not always prepare you for the volatility and rapid speed of the real markets.

 

👉 Despite the drawbacks of a demo account, if used appropriately it is a valuable tool, and if a broker does not provide a free demo account, you should avoid them.

 

Social Trading Opportunities

👉 Social trading is more advantageous for market education than a demo account or instructional resources. Using social trading, you can watch VIP traders exchanging assets.

 

👉 Observing a more experienced trader can help you improve your technique in social trading. If you imitate their tactics and forecasts, you have a greater possibility of enhancing your profitability and learning by example.

The Best Brokers in Kenya

👉 In this article, we have listed the best brokers that offer several types of trading opportunities to traders in Kenya. We have further identified the brokers that offer additional services and solutions to Kenyan traders.

 

Best MetaTrader 4 / MT4 Broker in Kenya

Overall Rating

Min Deposit

110 KES equivalent to $1

Regulators

FCA, ASIC, CySEC, EFSA, JSC

Trading Desk

• MetaTrader 4
• MetaTrader 5
• Admirals Mobile App

Crypto

Yes

Total Pairs

35 Forex Currency Pairs

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, Admirals is the best MT4 broker in Kenya. Numerous Kenyans like Admirals due to the breadth of their marketplaces and the quality of their study materials. Additionally, Admirals provides MetaTrader 4 along with a few Supreme Edition add-ons.

 

Best MetaTrader 5 / MT5 Broker

Overall Rating

Min Deposit

USD 100 / 11660 KES

Regulators

CySec, FSC, FSA, BaFin, NFA

Trading Desk

MetaTrader 4 , MetaTrader 5

Crypto

Yes

Total Pairs

50 Forex Pairs and 20 Crypto Pairs

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, BDSwiss is the best MetaTrader 5 broker. There are no restrictions placed on trading strategies while using the MT5 platform that is provided by BDSwiss to trade several asset classes.

 

👉 The extensive array of MT5 trading tools offered by BDSwiss, in addition to the company’s market-leading research and education programs, may be of assistance to traders of all levels of expertise.

 

Best Broker for beginners in Kenya

Overall Rating

Min Deposit

USD 50 / 5780 KES

Regulators

CySec, FCA 

Trading Desk

None

Crypto

Yes

Total Pairs

47

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

* Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.

👉 Overall, eToro is the best broker for beginners in Kenya. There are almost 3,000 symbols accessible for trading on eToro, and a comprehensive Learning Academy with videos, articles and weekly webinars is also available.

 

👉 The eToro website and eToro mobile application are great solutions for a novice or occasional trader.

 

Best Low Minimum Deposit Broker in Kenya

👉 Overall, Trading 212 is the best Low Minimum Deposit Broker. Trading 212 allows you to open a real account with an extremely low minimum deposit, giving you access to one of the best trading platforms with over 14 million downloads, and a wide range of tradable instruments.

 

Best ECN Broker in Kenya

Overall Rating

Min Deposit

USD 100 / 11615 KES

Regulators

CySEC, FCA

Trading Desk

Crypto

Yes

Total Pairs

50

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, FOREX.com is the best ECN broker in Kenya. FOREX.com is one of a small number of brokers that provide an execution rating. FOREX.com provides an extensive selection of tradable products and a superior ECN trading interface.

 

Best Islamic / Swap-Free Broker in Kenya

Overall Rating

Min Deposit

USD 5 / 578 KES

Regulators

FCA UK

Trading Desk

None

Crypto

Yes

Total Pairs

28

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, OctaFX is the best Islamic / Swap-Free broker. Any trading solution offered by OctaFX can be accessed through the provided Islamic accounts.

 

👉 The minimum deposit needed to open an Islamic account with OctaFX varies by account type, and when trading swap-free options at OctaFX, currency pair spreads begin at 0 pips.

 

Best Trading App in Kenya

Overall Rating

Min Deposit

USD 0 / 0 KES

Regulators

IGRs

Trading Desk

MetaTrader 4

Crypto

Yes

Total Pairs

80

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

on IG Group’s website

👉 Overall, IG is the best trading app in Kenya. IG provides over 19,000 products that may be traded using sophisticated software. IG provides a robust proprietary trading program with a user-friendly design and several features.

 

Best Lowest Spread Broker in Kenya

Overall Rating

Min Deposit

USD 5 / 578 KES

Regulators

CySEC, FSC, FSCA

Trading Desk

MetaTrader 4 and MetaTrader 5

Crypto

No

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

on HFM (Formerly Known as Hotforex)’s website

👉 Overall, HF Markets is the best lowest spread broker in Kenya. HF Markets is one of the top STP and ECN brokers with zero-pip spreads on a variety of important instruments, including the EUR/USD.

 

👉 HF Markets services traders from across the globe and is locally regulated and authorized by the Capital Markets Authority in Kenya, giving Kenyans the confidence to trade with HFM.

 

Best Nasdaq 100 Broker in Kenya

Overall Rating

Min Deposit

USD 20 / 2330 KES

Regulators

CYSEC, ASIC, FCA and NBRB licence Seychelles coming soon

Trading Desk

Market maker

Crypto

Yes

Total Pairs

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, Capital.com is the best Nasdaq 100 broker in Kenya. Capital.com is the finest CFD broker for Kenyans due to the variety of available markets. Kenyans have access to over 3,000 CFDs on stocks, including Nasdaq.

 

👉 Capital.com is also well-known for its commission-free trading and competitive spreads on currency and stocks.

 

Best Volatility 75 / VIX 75 Broker in Kenya

Overall Rating

Min Deposit

USD 100 / 11560 KES

Regulators

ASIC, FSA

Trading Desk

MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

Total Pairs

55+

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, AvaTrade is the best Volatility 75 / VIX 75 broker. AvaTrade is a respectable, well-regulated broker that charges a cost comparable to the market for the VIX 75 index.

 

👉 Spreads for trading VIX are as low as 0.21% on average at AvaTrade. As a CFD instrument, the highest leverage a trader could use while trading VIX 75 is 1:20.

 

Best NDD Broker in Kenya

Overall Rating

Min Deposit

USD 10 / 1156

Regulators

IFSC

Trading Desk

Meta Trader 4

Crypto

Yes

Total Pairs

32

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, RoboForex is the best NDD broker in Kenya. RoboForex is a well-known STP and ECN broker with a variety of retail trading accounts. RoboForex is well-known for its speedy trade execution and zero-pip spreads on a variety of financial instruments.

 

Best STP Broker in Kenya

Overall Rating

Min Deposit

USD 10 / 1156 KES

Regulators

CBCS, CySEC, FCA, FSA, FSC, FSCA

Trading Desk

MetaTrader 4 and MetaTrader 5

Crypto

Yes

Total Pairs

107

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

on Exness’s website

👉 Overall, Exness is the best STP broker. Exness is a multi-currency STP and ECN broker that provides all traders with competitive terms.

 

👉 Exness is a MetaTrader-only broker that prioritizes providing customers with a secure and regulated trading environment. Kenyans may also take advantage of a KES-denominated account, which allows them to trade without incurring conversion expenses.

 

Best Sign-up Bonus Broker

Overall Rating

Min Deposit

USD 100 / 11560 KES

Regulators

CySEC, FCA, FSA, FSCA, Labuan FSA

Trading Desk

Meta Trader 4

Crypto

Yes

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

👉 Overall, Tickmill is the best sign-up bonus broker. Tickmill provides a sign-up bonus of $30 that may be used to trade on various financial markets. However, to become eligible for bonus withdrawal, traders must have a Live MT4 account and deposit at least $100 / 11,500 KES.

Conclusion

👉 Using binary options, brokers could assist you in concurrently navigating various markets and increasing your rewards. We have created a list of the top accessible platforms for both novice and expert traders.

 

👉 Options binary are a popular financial derivative, but they are not without danger. Always do research before placing your first deposit, and make sure that the binary options broker you choose fulfils your individual trading objectives and needs.

FAQ

Is binary options trading allowed in Kenya?

Yes, binary options trading is legal in Kenya and there are currently no restrictions on this type of trading.

 

What is the minimum deposit for binary options in Kenya?

Overall, the minimum deposit starts from 5 USD / 590 KES.

 

Can you lose money in binary options trading?

Yes, you can lose money in binary options trading as with any other type of investment. You can also risk significant portions of capital if you do not use a trusted, well-regulated binary options provider.

 

Which platform is best for binary trading?

Pocket Option, RaceOption, Olymp Trade, Nadex, Deriv, and several other binary options brokers are suited to diverse types of traders in Kenya according to their trading objectives and unique needs.

 

Has anyone made money from binary options?

Yes, but it takes hard effort, dedication, and commitment to consistently generate profits from the binary options market.

9.6/10 - (19 votes)