Compare the forex brokers licensed in Kenya on regulation, fees, platforms and funding. We name the company that would hold your account, checked on the CMA register, not just the brand.
The three highest overall scores in our reviews. A score is not a recommendation; most retail CFD accounts lose money.
84.12% of retail investor accounts lose money when trading Online Forex/CFDs with this provider (exness.ke, 2 November 2026).
Retail investor accounts lose money when trading derivatives with this provider (xm.ke, 26 October 2026).
82% of retail investor accounts lose money when trading on margin with this provider (pepperstone.com/en-af, 2 November 2026).
Three ways to compare brokers.
Our ranking of the forex brokers licensed by the CMA, compared on cost, platforms and the company that holds your account.
See our forex broker rankingMT4, MT5, cTrader, TradingView or a broker's own app: which licensed brokers offer each, side by side.
Compare trading platformsHow to find a broker on the CMA register, and the public warnings about firms that are not on it.
Check a broker's licenceTwo rankings of the brokers we tested: forex brokers by overall score, and trading platforms by our web platform and app scores.
Ten forex brokers holding a CMA licence in Kenya, each tested with a real account funded by M-Pesa. Exness ranks first: its Kenyan company holds the account, and our M-Pesa deposit and withdrawal each landed within the minute, free.
MT4, MT5, cTrader, TradingView and broker apps compared for Kenyan traders, with the CMA-licensed brokers that offer each. Exness ranks first: a real trade on its own web terminal, and the whole account in one app with biometrics and two-factor login.
Every broker we review for Kenyan traders, in one list.
Regulation, funding and currency costs differ for Kenyan residents. We track the details that decide it locally.
The CMA licenses forex brokers in Kenya, but the company that holds your account may be licensed somewhere else. We name it, and check it on the register.
Understand Kenyan regulation →We check what each licence actually permits: introducing clients or passing on their trades is not the same as holding their money.
How the CMA licenses brokers →We record whether any compensation scheme covers your account, and up to what amount. The CMA's Investor Compensation Fund does not: it covers stockbrokers and dealers, not online forex brokers.
See the broker warning list →We compare account currencies, funding routes and the conversion charges that quietly decide what a trade costs when you deposit in KES.
Use our forex calculators →Trader numbers, licensed brokers and how Kenyan traders fund their accounts, from primary sources.
Kenya forex statistics →Every review scores ten categories from primary sources: the regulator's register, the broker's fee schedule and its account terms. Safety carries the most weight, the overall score is calculated rather than written by hand, and measured figures come from a funded account or are marked pending.
Our reviews and rankings are produced by identifiable people with broker, trading and editorial expertise.
Giles Thomas is Executive Director at FOE Global, a UAE-based family office and private equity advisory firm. He leads the broker research for BestForexBroker and writes its reviews, checking each broker against the CMA's licensee register and its client agreement rather than its marketing.
Rory Hughes edits BestForexBroker's broker reviews and rankings, with a background in digital marketing, SEO and comparison content since 2012. Since 2023 he has also been Business Development Manager at Family Office Experiences, an investor and family office network in Dubai.
Tomislav Turčin is the fact-checker at BestForexBroker and director of CSAD Consulting in Zagreb, where he has worked in market analysis and traded forex and futures since 2013. He checks broker reviews against primary regulatory sources and published fee schedules.
Before you deposit, check that the broker is licensed by the CMA for the service you are being sold. Our warning list collects the public alerts about unlicensed and cloned firms.
See the broker warning listStart here before you open an account: who licenses brokers, what the central bank does and does not cover, and why your broker checks your ID.
What the CMA is, how it licenses online forex brokers, which brokers we review hold its licence, and how to check one on the register before you deposit.
RegulatorsWhat the Central Bank of Kenya does for a forex trader: the shilling, banks and the payment rails you fund an account through. And what it does not do, which is license forex brokers.
RegulatorsWhat the Financial Reporting Centre is, why it means a licensed broker checks your identity and asks where your money came from, and what it does not do.
