Broker | Features | Minimum Deposit | Visit |
 | * CMA regulated * 1:1000 leverage | ||
 | * CMA regulated * 1:500 leverage * 1000+ instruments | ||
 | * 1:1000 leverage | ||
 | * 1:500 leverage | ||
 | * 1:500 leverage | ||
 | * 1:500 leverage | ||
 | * 1:500 leverage * STP broker * Great support | ||
 | *1:500 leverage | ||
 | * 1:500 leverage * 300+ instruments * Low minimum deposit | ||
 | * 1:1000 leverage | ||
 | * 1:1000 leverage | ||
 | * 1:500 leverage * 800+ instruments * African Broker | ||
 | * 1:1000 leverage |
Why Do Forex Brokers Have Spreads?
The spread is what allows some forex brokers to make money. It is what they charge their clients for providing access to the forex market and for processing your trades. For many brokers, the spreads are what allow them to run a successful business and continue offering online trading services.
For other forex brokers, spreads are what enable them to get a competitive advantage over their competitors . For example, some companies offer zero spreads as a way of attracting more clients. In these cases, the brokers usually try to make in other ways, like commission.
How To Choose A Forex Broker
If you’re a new trader then it can be difficult to know which forex brokers in Kenya will give you the best trading conditions. Here are a few key things to look out for when choosing a forex broker:
- Regulation – The top brokers all have a licenses from a reputable regulatory authority. It is good to check if a broker is regulated. It is also good to see if they can provide negative balance protection and a good level of client fund protection.
- Trading Conditions – The top brokers all have a good choice of trading instruments including forex, stocks, indices, commodities, and cryptocurrencies. Try to find a broker with fast trade execution and high leverage.
- Minimum Deposits – The top brokers all offer at least one low-cost trading account. If you’re looking at brokers, be sure check that you can afford their minimum deposits and that you can use one of their available payment methods.
- Trading Support – The top brokers all provide you with free educational resources and free daily market analysis. Look for a broker that gives you access to free trading tools such as pip calculators, economic calendars, EAs, and chart indicators.