Best Forex Brokers Kenya for Beginners 2026
Top beginner-friendly forex brokers in Kenya with M-Pesa deposits, CMA regulation, and free education. Start with as little as KES 130.
Written by
Sarah Chen
Fact Checked by
James Anderson
Top 10 Forex Brokers for Kenyan Beginners
Kenyan beginners need brokers that are safe (CMA regulated), easy to fund (M-Pesa), and educational. We've ranked the best brokers that offer demo accounts, low minimum deposits (from KES 130), and top-tier learning resources.
Can beginners trade forex in Kenya?
Yes! Many Kenyans start trading with as little as KES 1,000. It's important to use a CMA-regulated broker like XM or Exness for safety.
Beginner Features
Compare minimum deposits and education quality.
| Broker | ||
|---|---|---|
| XM | KES 650 | Excellent |
| Exness | KES 130 | Good |
| HFM | KES 0 | Good |
| FXTM | KES 1300 | Excellent |
| AvaTrade | KES 13000 | Excellent |
| Pepperstone | KES 0 | Good |
| FxPro | KES 13000 | Good |
| Tickmill | KES 13000 | Good |
| IC Markets | KES 26000 | Good |
| Scope Markets | KES 1300 | Fair |
Detailed Broker Analysis
Best education & bonuses.
XM is perfect for Kenyan beginners with its Nairobi office and weekly seminars. Low $5 deposit via M-Pesa.
Easiest app to use.
Exness offers instant M-Pesa withdrawals and a very user-friendly app. CMA regulated for safety.
Copy trading for beginners.
HFM (HotForex) is CMA regulated and great for copy trading. Allows topping up via M-Pesa with no minimum.
Professional learning.
Pepperstone is CMA regulated with a local office. Offers premium education but best for serious learners.
Top quality courses.
FXTM is known for its excellent educational videos and webinars. CMA regulated.
Local Kenyan broker.
Scope Markets is a home-grown Kenyan broker regulated by CMA. Good local support.
Fixed spreads.
AvaTrade offers fixed spreads which helps beginners manage costs. AvaSocial app is great for copying trades.
Trusted brand.
FxPro is a very trusted global brand. A bit expensive for beginners but very reliable.
Low cost trading.
Tickmill has very low fees but education is basic. Good if you're cost conscious.
Advanced features.
IC Markets is best for automated trading. High minimum deposit ($200) makes it less beginner friendly.
Frequently Asked Questions
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January 2026