EasyMarkets - A Review of a Forex Broker in Kenya

Kenyan regulators are doing everything they can to keep the forex scene clean and safe. The government has granted authority to the CMA to pass regulations to minimize the risk of scams and fraud. These regulations will also prevent the illegal activities that have plagued the industry. However, you should make sure that you follow these regulations before engaging in any trading.
EasyMarkets is a licensed broker

EasyMarkets is a licensed broker in Kenya and offers a wide range of trading services for beginners. Its online help desk is highly responsive and knowledgeable. Emails are usually replied within two to three hours. The site uses encryption to ensure that your transactions are secure. Its funds are segregated in top-tier banks and it complies with investor compensation fund protocols.

It is regulated by the Cyprus Securities and Exchange trust finance Commission (CySEC) for the Europe and the Asia Pacific Region. The broker offers innovative trading tools and valuable research. Their average spread is low, and they have no non-trading fees. They also offer micro lots trading, Islamic accounts, and a wide range of trading instruments.

EasyMarkets was founded in 2001 and offers a proprietary trading platform with a simplified interface. It offers a range of trading instruments, such as forex and CFDs, and features a 24 hour support desk. They also offer free SMS notifications and leverage up to 1:400. You can deposit multiple currencies and make withdrawals in different currencies using their platform.

EasyMarkets is another good choice for beginners who are looking for a trusted broker in Kenya. The broker has a strong reputation and almost two decades of experience in trading. This gives it an edge over competitors. In addition, it has been regulated by several financial conduct authorities worldwide, which gives customers peace of mind that they're operating in a safe and responsible manner.

Pepperstone is another reputable broker that offers forex trading in Kenya. They are the only international broker in the country to hold a CMA license and non-dealing foreign exchange broker permit. These licenses allow them to offer global trading conditions to Kenyan traders.

EasyMarkets also offers a MT4 platform for trading, which allows access to multiple markets. They also offer a comprehensive set of trading tools for beginners, such as MT4 guides and technical analysis videos. Their innovative business concept has won them several awards, including Best Forex Broker and Most Innovative Broker.
XM is a registered broker

If you live in Kenya and are planning to trade in forex markets, then XM is an excellent choice. It offers many trading tools and features to help you become a successful forex trader. It also offers a 10th anniversary lucky draw, and a host of other free services. In addition, the broker charges zero fees on deposits and withdrawals. It also has friendly chat support. However, unlike many other brokers, XM does not have a Kenyan phone number for customer service. You should also be aware that the broker does not have a CMA license, so you may have to pay inactivity fees for periods of time.

In addition, XM offers a host of deposit and withdrawal options, including credit cards. You can also deposit or withdraw funds instantly via a member's area. The broker allows deposits and withdrawals in multiple currencies and will convert your deposit into the base currency upon confirmation.

The XM forex broker has low transaction and trading fees, and offers outstanding customer support. The broker also offers a wide range of trading CFD instruments. There are over 350 forex currency pairs, five cryptocurrencies, and 57 account currency pairs. The broker also offers a number of different trading platforms, including the MetaTrader 4 and MetaTrader 5 platforms.

XM is a global foreign exchange broker with 3,500,000 clients from 196 countries. It employs 450 trading professionals and offers service in 30 languages. It is available to investors in Kenya and accepts payments via Mpesa. It is also regulated by various financial regulatory bodies including the Cyprus Securities and Exchange Commission.

If you live in Kenya and are interested in forex trading, it's important to choose a registered broker with CMA license. Kenyan traders should also consider the broker's leverage, which ranges from 30 to 400 times account balance. It is advisable to choose a CMA-licensed broker that offers the lowest charges.

The broker offers a Micro and Standard Accounts. The Micro Account can be opened with $5, while the Standard Account is available for as little as $50. In addition, traders can open an Ultra Low Account, which features low spreads starting at $50. In addition, XM does not charge any commissions for transactions, and the spreads for each instrument are clearly stated. However, the broker does charge a withdrawal fee for some services.
EasyMarkets is a CMA-registered broker

Whether you're a beginner or a professional, it's important to select a broker that's regulated by the CMA. This independent regulatory body in Kenya regulates the capital markets and gives guidelines for asset allocation. CMA-regulated brokers can lower your risk and provide additional protections.

There are several advantages of using a CMA-registered broker in Kenya. This broker offers local and international currency trading and offers a wide range of services. For instance, it offers live support, tutorial materials, and client approvals. It requires a minimum deposit of $100 and offers a 1.5 pips spread on the EURUSD currency pair, four percent commission on all lots, and M-Pesa withdrawals.

As a CMA-registered broker, EasyMarkets is a trusted option for forex traders in Kenya. It is important to choose a CMA-registered broker if you live in Kenya, since the local regulations may not be as strict as those in other countries. You should also be aware of the disadvantages of using unregulated brokers - they can cost you a lot of money.

Despite the fact that many forex brokers are unregulated, Pepperstone is a safe option for most forex traders. Its CMA-registration ensures that every broker is legitimate and can be trusted. This is essential as an unregulated broker could engage in fraudulent activities.
XM is a CMA-registered broker

A regulated broker can be trusted to offer safe trading conditions. A CMA-registered broker can provide top ratings and a list of all fees charged. However, be cautious when opening an account with a broker that does not have a CMA license.

CMA-registered forex brokers have been scrutinized and regulated by Kenya's Capital Markets Authority (CMA). This authority ensures that the activities of registered brokers are free of fraudulent or malpractice. This regulation protects traders from unauthorized activities and lowers the risks involved. A CMA-registered broker is also likely to have lower spreads and fees than unregulated brokers.

While most brokers in Kenya are CMA-registered, a few of them are not. Some brokers have a financial motive to not register with the CMA. Nevertheless, CMA regulations make it easier for traders to file complaints against brokers. If a trader is not satisfied with the service provided by a broker, they can file a grievance by the 15th of each month.

Pepperstone is another regulated broker in Kenya. Pepperstone is an international broker that operates in Kenya. The company's founders' mission is to connect small brokers with the world's liquidity. Their global partnerships allow them to provide a range of features to traders. The platform allows traders to trade several financial instruments and provides a wide variety of payment methods.

To become a client of XM Global, you must first register for an account. To do this, you must provide your name and contact information. You will also need a valid email address and phone number. It is best to choose a valid email address that is not multiple-account holder.

The firm is based in Nairobi and is regulated by the CMA. It is located on the 12th floor of Delta Corner Towers in Westlands. The company also has a subsidiary in South Africa. It is part of the EGM Futures DMCC.

If you plan to trade forex in Kenya, make sure to find a CMA-registered broker. These brokers should provide a safe environment and free from conflicts of interest.