Best Forex Brokers Kenya with Low Deposit 2026

Top forex brokers accepting Kenyan traders with low minimum deposits from KES 130. M-Pesa support, instant withdrawals, and reliable platforms.

James Wilson

Written by

James Wilson

Edith Balazs

Fact Checked by

Edith Balazs

Last reviewed:
By:James Wilson
Fact-checked by:Edith Balazs

Top 10 Low Deposit Forex Brokers for Kenyan Traders

Kenya has a thriving forex trading community seeking accessible brokers with low entry barriers. We've identified brokers offering deposits as low as KES 130-500, accepting M-Pesa and Kenyan bank transfers, and providing KES account options. These brokers combine low minimum deposits with CMA or international regulation and competitive trading conditions.

What is the minimum deposit for forex trading in Kenya?

Many brokers accept Kenyan traders with deposits as low as KES 130-650. Exness, HFM, and Pepperstone offer zero minimum deposits. FBS accepts just KES 130 (~$1), while XM accepts KES 650 (~$5).

Low Deposit Requirements

Compare minimum deposits and accessibility for Kenyan traders.

Broker
ExnessKES 0
XMKES 650
HFMKES 0
FXTMKES 1,300
RoboForexKES 1,300
AvaTradeKES 13,000
PepperstoneKES 0
OctaFXKES 2,000
FBSKES 130
IC MarketsKES 26,000

Detailed Broker Analysis

Recommended
Zero minimum with M-Pesa support.
4.6/5App Score

Exness is perfect for Kenyan traders with zero minimum deposit and full M-Pesa support. CMA regulated with instant withdrawals.

Forex spread classUltra-Low
Minimum depositKES 0
Inactivity feeKES 0
Currency pairs107
Deposit methodsM-Pesa, Bank Transfer, Visa, Mastercard
Withdrawal feeKES 0
Recommended
Best education with M-Pesa support.
4.5/5App Score

XM offers excellent educational resources including webinars. KES 650 minimum deposit with M-Pesa support and 24/5 customer support.

Forex spread classLow
Minimum depositKES 650
Inactivity fee$5/mo
Currency pairs55
Deposit methodsM-Pesa, Skrill, Neteller, Bank Transfer
Withdrawal feeKES 0
Recommended
CMA regulated with zero minimum.
4.3/5App Score

HFM is CMA regulated with zero minimum deposit and M-Pesa support. HFCopy social trading available for Kenyan traders.

Forex spread classUltra-Low
Minimum depositKES 0
Inactivity fee$5/mo
Currency pairs53
Deposit methodsM-Pesa, Bank Transfer, Skrill, Crypto
Withdrawal feeKES 0
Pepperstone logo
Pepperstone
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Recommended
CMA regulated pro-grade execution.
4.5/5App Score

Pepperstone is CMA regulated with zero minimum deposit and institutional-grade execution. Spreads from 0.0 pips.

Forex spread classUltra-Low
Minimum depositKES 0
Inactivity feeKES 0
Currency pairs97
Deposit methodsBank Transfer, Skrill, Neteller
Withdrawal feeKES 0
Recommended
Strong African presence with M-Pesa.
4.4/5App Score

FXTM has a strong presence in Kenya with M-Pesa support. Excellent education and copy trading via FXTM Invest.

Forex spread classLow
Minimum depositKES 1,300
Inactivity fee$5/mo
Currency pairs62
Deposit methodsM-Pesa, Bank Transfer, Skrill
Withdrawal feeKES 0
Recommended
Popular in Kenya with instant M-Pesa.
4.2/5App Score

OctaFX is popular among Kenyan traders with instant M-Pesa deposits and withdrawals. No commission trading.

Forex spread classLow
Minimum depositKES 2,000
Inactivity feeKES 0
Currency pairs40
Deposit methodsM-Pesa, Bank Transfer, Skrill
Withdrawal feeKES 0
Recommended
Ultra-low KES 130 minimum deposit.
4.0/5App Score

FBS offers one of the lowest minimums at just KES 130 (~$1). M-Pesa support and high leverage up to 1:3000.

Forex spread classStandard
Minimum depositKES 130
Inactivity feeKES 0
Currency pairs37
Deposit methodsM-Pesa, Bank Transfer, Skrill
Withdrawal feeKES 0
RoboForex logo
RoboForex
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Recommended
High leverage with instant withdrawals.
4.1/5App Score

RoboForex offers KES 1,300 minimum with high leverage up to 1:2000. Instant withdrawals via e-wallets.

Forex spread classUltra-Low
Minimum depositKES 1,300
Inactivity feeKES 0
Currency pairs40
Deposit methodsSkrill, Neteller, Crypto
Withdrawal feeKES 0
AvaTrade logo
AvaTrade
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Recommended
Multi-regulated with excellent education.
4.3/5App Score

AvaTrade offers comprehensive education and multi-regulation. Higher minimum but excellent for traders ready to learn.

Forex spread classStandard
Minimum depositKES 13,000
Inactivity fee$50/qtr
Currency pairs55
Deposit methodsBank Transfer, Skrill, Neteller
Withdrawal feeKES 0
IC Markets logo
IC Markets
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Recommended
Best for scalping with true ECN.
4.5/5App Score

IC Markets offers true ECN execution with spreads from 0.0 pips. Higher minimum but excellent for experienced scalpers.

Forex spread classUltra-Low
Minimum depositKES 26,000
Inactivity feeKES 0
Currency pairs61
Deposit methodsBank Transfer, Skrill, Neteller, Crypto
Withdrawal feeKES 0

Frequently Asked Questions

Many brokers accept Kenyan traders with deposits as low as KES 130-650. Exness, HFM, and Pepperstone offer zero minimum deposits. FBS accepts just KES 130 (~$1), while XM accepts KES 650 (~$5).

Yes, forex trading is legal in Kenya and regulated by the Capital Markets Authority (CMA). Several international brokers including Exness, Pepperstone, and HFM are CMA licensed, providing local protection.

Exness, XM, HFM, FXTM, OctaFX, and FBS all accept M-Pesa deposits for Kenyan traders. Exness and OctaFX offer instant M-Pesa processing with zero fees.

Some brokers like Exness, XM, and HFM support KES deposits via M-Pesa. Your account will typically be in USD, but deposits/withdrawals can be in KES with automatic conversion.

XM is highly recommended for Kenyan beginners due to low KES 650 minimum, excellent education, and M-Pesa support. Exness is also great with zero minimum and instant withdrawals.

Exness, Pepperstone, and HFM are CMA (Capital Markets Authority) regulated in Kenya. This provides local investor protection and ensures compliance with Kenyan financial regulations.

You can withdraw to M-Pesa with Exness and OctaFX for instant processing. Most other brokers offer bank transfer withdrawals within 24-48 hours.

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Information on this website is for educational and comparison purposes only. This does not constitute financial, investment, or trading advice. How we rank brokers →

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Regional Availability Notice

Broker availability depends on your country of residence. Some brokers may not accept clients from certain jurisdictions including the USA, Canada, Japan, and others. The comparison table on this page shows country acceptance status. Please verify availability with the broker directly before proceeding.

Independent Analysis

Rankings based on verified data and hands-on testing. See our methodology →

Data Verified

January 2026