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BlogCMA Regulated Forex Brokers in Kenya 2026
Complete list of forex brokers licensed by the Capital Markets Authority (CMA) in Kenya. Information verified for 2026.
Written by
Edith Balazs
Fact Checked by
Marcus Thompson
Why Trade with a CMA Regulated Broker?
Trading with a broker licensed by the Capital Markets Authority (CMA) serves as your primary protection against fraud. Explore our **CMA Kenya licensed forex brokers list 2026** to find brokers that are required to segregate client funds, maintain sufficient capital, and have a physical office in Nairobi. We have verified the license status of the following brokers.
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What is the Capital Markets Authority (CMA)?
The CMA is the government regulator responsible for supervising, licensing, and monitoring the activities of market intermediaries, including online forex brokers, in Kenya.
Quick Picks
CMA License Details
Verify the official license entity and number.
| Broker | Action | ||
|---|---|---|---|
| Exness | Exness KE Limited | License No. 162 | Open Account |
| FXTM | Exinity East Africa Limited | License No. 135 | Open Account |
| HFM | HFM Investments Limited | License No. 155 | Open Account |
| Pepperstone | Pepperstone Markets Kenya Limited | License No. 128 | Open Account |
| Scope Markets | SCFM Limited | License No. 123 | Open Account |
| IC Markets | IC Markets (KE) Limited | License No. 199 | Open Account |
Detailed Broker Analysis
#1 CMA Broker.
Exness KE Limited is fully licensed by CMA. They offer the best trading conditions in Kenya with instant M-Pesa withdrawals.
Pros
- Industry-leading withdrawal speed (instant/seconds)
- Exceptional transparency with public financial reports
- Massive liquidity - $4.5+ trillion monthly volume
- No inactivity, deposit, or withdrawal fees
Cons
- Not available to EU retail clients, US, UK, Canada, Australia
- Retail clients routed to offshore entities for leverage
- Customer support can be busy during peak times
- Limited stock CFD selection compared to competitors
Popular & Trusted.
HFM (formerly HotForex) has a strong local presence in Nairobi. CMA licensed and offers excellent copy trading services.
Pros
- Strong multi-regulator oversight (FCA, CySEC, FSCA)
- Excellent account variety for all trader levels
- Outstanding local payment methods (Africa/Asia)
- Low minimum deposit ($0-$5 on most accounts)
Cons
- US clients not accepted
- Inactivity fee after 6 months ($5/month)
- Leverage caps apply in EU/UK jurisdictions
- Some features limited by regulatory entity
Professional Choice.
Pepperstone Markets Kenya Limited brings world-class ECN trading to Kenya under local CMA regulation.
Pros
- Regulated by 7 jurisdictions including 4 Tier-1
- Ultra-tight raw spreads on Razor (avg 0.1 pips EUR/USD)
- Fast execution - ideal for scalpers/EAs
- MT4, MT5, cTrader, TradingView support
Cons
- Standard account spreads wider than Razor
- Commission varies by platform
- No proprietary mobile app
- Research less extensive than IG
Education Leader.
Operated by Exinity East Africa Limited (CMA licensed). FXTM is known for its superior educational resources.
Home-Grown Broker.
Scope Markets (SCFM Limited) is a prominent local broker in Kenya offering reliable trading services.
Raw Spreads.
IC Markets (KE) Limited offers true ECN spreads. Best for automated trading strategies.
Pros
- ASIC and CySEC Tier-1 regulation
- Ultra-tight raw spreads from 0.0 pips
- Excellent for scalping and EAs
- Low latency execution (Equinix)
Cons
- $200 minimum deposit
- Limited educational resources
- Research tools could be expanded
- No FSCS protection
Frequently Asked Questions
Top CMA Regulated Forex Brokers in Kenya
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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.
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January 2026