Everything in the world is becoming digital, including trading. As a result, people can trade on their phones through trading apps whenever they are. Kenya is not left behind in providing the best online trading apps that help investors trade stocks, forex, cryptocurrencies, and other commodities.
Finding a stock trading app you can trust can be a challenge due to the rise of Cybercrime activities. However, this detailed review will help you with the best app in the market that you can use to trade.
10 Best Online Trading Apps in Kenya
| Trading Apps | Transaction Methods | Location | Contact |
| Pepperstone | Visa
Mpesa Mastercard Bank transfer |
The Oval Ring Road, Westlands | +254 2038 93547 |
| IQ Options | Mpesa
Visa Mastercard Neteller |
No offices in Kenya | support@iqoption.com |
| FXPesa | Mpesa
Airtel money Visa Mastercard |
Waiyaki Way, Westlands, Nairobi | +254 20 7640727 |
| Alpari | Visa
Mastercard Wire Transfer Bitcoin |
No office in Kenya | support@alpari.com |
| XM Global | Mpesa
eWallets Wire Transfer |
No office in Kenya | support@xm.com |
| AvaTradeGo | Credit card
Debit card Wire Transfer |
No office in Kenya | Whatapp: +447520644093 |
| FXCM | Visa
Mastercard Wire Transfer Skrill |
No office in Kenya | info@fxcmmarkets.com |
| OctaFX | Visa
Mastercard Bitcoin Neteller |
No office in Kenya | support@octafx.com |
| HotForex | Mpesa
Visa Mastercard |
No office in Kenya | support@hotforex.co.ke
+254 20 3894292 |
| Exness | Mpesa
Bitcoin Credit & debit cards |
No office in Kenya | support@exness.com |
List of Online Trading Apps in Kenya
1. Pepperstone
Pepperstone is an international trading platform with offices in Nairobi and provides local phone support. It also features among the four CMA-regulated STP forex brokers in the country. For investors looking for a trading app with the lowest spreads in major currency pairs, Pepperstone is the place.
Besides, its regulation by multiple jurisdictions across the globe makes it a trustworthy platform. It also accepts various transaction methods such as Mpesa from Kenyan traders. Finally, you can use various Peperstone trading platforms such as MT4, MT5, and cTrader on your phone.
2. IQ Options
It is one of the best forex trading apps in Kenya. And apart from forex trading, you can use it for stocks and cryptocurrency trading. Traders need $10 only fo entry into real trading with this app. Besides, you can use more money to enter the market and take advantage of the leverage on the IQ Options system.
The app makes buying and selling your financial instruments easier. It helps you find the financial instruments that match your trading style, depending on your attitude towards risk. Finally, it accepts different banking options such as Visa and Mastercard.
3. FXPesa
FXPesa is one of the first online trading apps to offer Forex and CFD products for retail marketers in East Africa. It is powered by EGM securities, a Capital Markets Authority Kenya licensee, and provides 24/7 customer support.
You can download the FXPesa trading app from the iOS or Google play store. Once you have the app, you can create a demo or live account and start trading. Get the app today and enjoy forex trading in Kenya using Mpesa or Airtel Money.
4. Alpari
It is a global trading platform that began in 1998 and has more than two million customers worldwide. The Financial Services Commission (FSC) regulates it, and you can deposit as low as $5 and start trading.
Besides, the trading app provides MT4 and MT5, the leading platform in the market. If you are a new client, you will enjoy a deposit scheme bonus, and for current traders, there are cash-back program.
5. XM Global
The global trading platform has more than 1000 trading instruments and bonuses of up to $500. Besides, it provides low spread accounts and favorable trading conditions. It is also one of the trading apps in Kenya using Mpesa, eWallets, and wire transfer.
Once you open an account with XM, you won’t be charged any withdrawal or deposit fees. Finally, you can access the standard MT4and MT5 platforms on your Android or iOS device.
6. AvaTradeGo
It is one of the best online investment platforms in Kenya. You can trade for more than 1250 CDFs on forex, stocks, commodities, cryptocurrency, and indices on this platform. Besides, it doesn’t charge a deposit fee, and the minimum deposit needed is $100.
The app is available on Google play and provides ultra-low spreads. In terms of safety, the app operates under the opinions of financial authorities of South Africa, Australia, Ireland, and the UAE. Finally, the app was voted the Best Forex Trading App 2020 because it has an easy-to-navigate design.
7. FXCM
FCA, FSCA, and ASIC regulate the FXCM trading app. The international trading app accepts Kenyan clients. It has also won top awards such as the Best Forex Broker of the Year and the Best Customer Support awards.
As one of the online trading platforms in Kenya, you can deposit a minimum of $50 in your live account, and you may receive a free $20 as a welcome bonus. If you are a beginner in online trade, you will be given a lot of quality educational materials. This is to help you understand online trading before you commit your hard-earned cash.
8. OctaTFX
It is an official forex trading app that you can get on your Google Play Store or iOS store. With the app, you can manage your profile and deposits and also control your demo, real and contest accounts.
Besides, the app is regulated by two independent brokers, Octa Markets Cyprus Ltd and Octa Markets Incorporated. You can deposit to or withdraw from your trading account through Visa, Mastercard, Bitcoin, and Skrill.
9. HotForex
It is one of the best forex brokers in Kenya with Mpesa and doesn’t charge any deposit fee. Besides, it has more than 1200 trading instruments where traders can get 100% bonus offerings. In Kenya, the trading app is authorized by the Capital Markets Authority.
Whether you want to trade on forex, stocks, indices, or metals, the Hotforex app is a perfect choice. The app is available on App Store and Google play store. You can use it to understand the trading markets with the available trading tools and get the latest news and your financial analysis.
10. Exness
Exness forex broker has been in the industry since 2008 and offers various trading products and services such as CFDs, forex, and precious metals. The app allows you to trade on the go using your Android or iOS device.
Besides, you will get real-time quotes and charts, place your trading orders easily and quickly and monitor your account status and performance. If you are wondering how to make money through forex trading in Kenya, download the Exness app, and you will be guided accordingly.
