Trading in financial markets requires the right choice of a broker, as security of traders’ funds, profit/loss and opportunities depend on it. Before you start working with a company, it is important to comprehensively assess it. Traders Union analysts have already done it for you. The experts prepared a review of the Best Crypto Brokers in Kenya for 2025. Five companies that enjoy huge popularity in Kenya were selected and compared between each other.
1
XM Group - Best in Kenya for 2025
Trading conditions of XM Broker are ideal for both novice traders and professionals. There are standard and ultra low spreads accounts, loyal minimum deposit requirements, leverage as provided by requirements of the European regulators. To test strategies, get acquainted with the functionality of platforms, mobile app and test their potential, a demo account is provided.
The broker is a market maker in the international financial market. This means that XM Group has direct access to liquidity and can provide traders with the best quotes. Spreads on Ultra accounts are from 0.6 pips. The company guarantees an almost complete absence of slippage regardless of market volatility level and a competitive market spread in moments of sudden price movements.
Learn More about XM allow scalping
2
Exness - Best in Kenya for 2025
Due to an expanded range of trading accounts, Exness is suitable for both professionals and novice traders with little or no experience. The former trade on Pro accounts, and the latter trade on standard and cent accounts. Occasionally, Exness pays bonuses to its new and existing clients.
Not every broker can compete with the range of trading instruments offered by Exness. The company provides 5 classes of CFDs. Commodities can be split into two more groups — metals and energies. The choice of currency pairs is one of the widest on the market. There are over 100 pairs, including majors, minors, and exotics. Leverage is up to 1:2,000 on all account types. Further, active traders can use unlimited leverage subject to requirements for the number of traded lots. The requirements for standard and professional account types are 5 lots, for the cent account, it is 500 lots. The swap-free option is available for all account types.
Market execution is available for trades with currency pairs, indices, stocks, and commodities. Trades on the Pro account are executed instantly. This rule doesn’t apply to cryptocurrencies. Only market execution is available when trading those. Trading conditions on one account type on different platforms are similar. That is, swaps and spreads for Standard account types on MT4, MT5, or Exness in-house platforms are the same.
3
TeleTrade - Best in Kenya for 2025
TeleTrade offers its clients rather enticing trading conditions. The minimum trade volume is 0.01 lots for all trading accounts, and the minimum spread is 0.2 pips. The minimum deposit is $10. The company's clients can trade on three types of real accounts, as well as copy trades of experienced traders. The broker offers wide range of financial instruments: in addition to currency pairs, you can trade indices and cryptocurrencies.
4
MEXC - Best in Kenya for 2025
On the MEXC.com website, 127 cryptocurrencies are available to clients. For each pair, BTC, ETH, and USDT are available. Clients can work with leverage, the maximum size of which is 1:10. The company offers both trading and P2P exchange.
5
Markets4you - Best in Kenya for 2025
Trading conditions at Forex4you (Markets4you) are among the most attractive ones on the market. First of all, there are no requirements for the minimum deposit amount: according to the conditions, the replenishment amount is from $0 for all types of accounts. With a minimum transaction volume of 0.01, the trader is offered a leverage of up to 1: 4000, which is one of the largest values on Forex. Stop Out Level is 10–20% depending on the type of account.
Markets4you offers 150+ trading instruments, such as Forex pairs, indices, commodities, and stocks. Also, standard and cent accounts, cash back, as well as bonus and partnership programs are available. Markets4you provides access to the Share4you copy trading platform as a passive income option. Each trader can be both an investor and a signal provider.
Markets4you offers cent, classic, and professional accounts, which differ in spread. There are floating spreads starting from 0.1 pips. Pro accounts have fixed fees per lot, which are $0.10 on the Cent Pro account and $7 on the Classic Pro. Copy trading on the Share4you platform is available on each of the accounts, except for the Classic Standard. The lock is allowed on all account types. Deposit and withdrawal methods include Visa/Mastercard cards and electronic payment systems, such as WebMoney, Skrill, and Neteller.
TU Expert Review for the best Crypto Brokers in Kenya
Financial expert and analyst at Traders Union
Anton joined Traders Union as a financial expert and analyst in 2013. He performs comprehensive internal testing of brokers as a trader. Essentially, Anton “test drives” brokers: he checks the operation of the website and user account, the speed and effectiveness of customer support team, stability of the software, deposit and withdrawal processing times, legal documents of companies and also all additional services (VPS, affiliate programs, contests, bonuses, educational programs, etc.). Based on the results of his “inspections”, he prepares expert conclusions about the operation of brokerage companies in the Forex, stock and binary option markets and also of the cryptocurrency exchanges.
His opinion as for the best Crypto Brokers in Kenya is posted below.
XM Group - TU Expert Review
XM Broker can be safely recommended to those who are interested in professional trading with high order processing speed and optimal level of commission. The first thing worth noting is that it has licenses of four leading regulators in the world simultaneously. These are FSC (Mauritius), FSC (Belize, 000261/397), CySEC (Cyprus, 120/10), FSA (Seychelles). The second moment is the types of accounts. The broker guarantees the same quality of execution for all types of accounts, which means a minimum of requotes, slippages and instant overlap of orders with counterparty counter transactions. The level of leverage complies with the European standards (including the MiFID directive that all CySEC licensees work in accordance with). There is an average market spread. The maximum leverage for clients registered under the EU regulated entity of the XM Group is 30:1. Attractive trading conditions for novice traders are also worth noting. The minimum deposit is 5 US dollars; there are cent (micro) accounts with a lot equal to 1,000 units. Thanks to its elaborated service and high-tech platforms, XM Broker is rightfully one of the best companies in the Traders Union rating.
Exness - TU Expert Review
Exness has been providing its services since 2008. Over this period, the company has opened its representative offices worldwide, obtained licenses from many regulatory authorities, and provided in-house platforms for active and passive trading. Its client investments are protected by the Compensation Fund of the Financial Commission. Additional security measures, such as holding client funds in segregated accounts, ensure their safety and blocking from unauthorized use. Today, Exness is one of the biggest European and global brokers with a monthly trading volume of $4.44 trillion. This data is provided on the company’s website in the public domain. Also, there are reports of independent audits regularly held by Deloitte, a highly reputable auditor. Exness wants to be a universal broker for traders with any capital, experience, and strategy. Moreover, its partnership programs with favorable conditions allow the broker to expand its already extensive client base.
TeleTrade - TU Expert Review
Traders Union has been working with the company since 2012. Over this time, a lot of reviews have been received about the broker from the TU clients, which you can find on this page. All reviews are moderated and then published. Therefore, they contain relevant information about traders’ experience of working with TeleTrade. Each TU client who opened an account with a brokerage company is entitled to free legal support, as well as advice on general issues related to the broker’s performance. TeleTrade Company offers its clients the opportunity to trade over 60 currency pairs, as well as metals, indices, stocks and energies. Cryptocurrency trading is also available. Traders canopen a free demo account and trade virtual funds. The broker also provides several types of real accounts, which allows you to choose the best option in terms of conditions. Thanks to a large analytical section and loads of educational information, the company attracts a lot of novice traders. A wide range of technical analysis tools and the possibility to use various strategies, including pipsing, are the main reasons why experienced traders open an account with TeleTrade.
MEXC - TU Expert Review
The MEXC exchange has been in business for over three years. During that time, there were no high-profile scandals with the cryptocurrency exchange related to the security of clients' funds. The company offers services of a crypto exchange, P2P exchange, and cold storage of cryptocurrencies in proprietary e-wallets. The platform offers clients over 3000 trading pairs, but these are not the only opportunities for traders. Also, users can work with cryptocurrency ETFs and derivatives, so the choice of assets and trading instruments here can be considered excellent. Passive income opportunities are a nice bonus for clients. The company charges profit for holding (storage of cryptocurrencies) and staking (temporary freezing of digital assets in the wallet).
Markets4you - TU Expert Review
Forex4you (Markets4you) has established itself as a reliable partner that offers high quality trading conditions. There are cent accounts for beginners as well as professional ECN accounts with narrow market spreads. I would specially focus on the responsible approach to forming the rating of traders on the Share4you social trading platform, which allows traders to rank managers by risk level. The brokerage company Markets4you is suitable both for those who just start to get acquainted with trading through to professional traders who build their own trading systems and entice investors to them. The broker has been cooperating with the Traders Union for more than a year, and during this time there have been no significant complaints about the work of this broker. Any issues that do arise, the customer support resolves quickly and with maximum benefit for the client. The company's website allows you to quickly evaluate, analyze and compare all offers of active and passive trading. Due to a comprehensive full-featured service and a ‘client-first’ approach, the company gains the rightful leading position in the Traders Union ranking of Forex brokers.
How to Buy Cryptocurrency in Kenya
Buying cryptocurrency in Kenya is now easier than ever. Here are the four simple steps you need to follow to buy cryptocurrency in Kenya:
Step 1: Create an Account with an Exchange
The first step is to create an account with a cryptocurrency exchange. Make sure you read through their terms and conditions before signing up. Choose from the best crypto brokers in Kenya crypto trading platform you can trust. Some of the qualities to consider when choosing a broker include:
Regulation
Make sure the broker is regulated by the relevant authorities and has all the necessary licenses. The best brokers are licensed in the EU, Australia or the UK.
Trading Platform
Choose a broker with a reliable and user-friendly trading platform that provides access to various markets and instruments. MetaTrader 5 and MetaTrader 4 are some of the popular platforms in Kenya, thanks to the variety of features they offer.
Commercial Offer
What spreads, commissions, leverage, and other conditions does the broker offer? You want to get the best commercial offer with competitive spreads and low commissions.
Customer Support
The best crypto brokers online excel in customer support. Choose a broker that offers 24/7 customer service and fast response times for your queries.
Step 2: Complete the KYC Verification Process
Once you have created your account, you will be required to complete the Know Your Customer (KYC) verification process. This involves providing personal information such as your full name, address and phone number. Some crypto trading brokers may also require you to upload a copy of your ID or passport for additional security measures.
Step 3: Make a Fiat Deposit
The next step is to make a deposit using one of the supported payment methods. Popular crypto brokers in Kenya accept deposits through Visa/MasterCard, bank transfers (EFT) or mobile money services like MPESA.
Step 4: Buy Cryptocurrency
After your fiat deposit has been processed, you can purchase cryptocurrency using the exchange’s trading platform or wallet service. Once you have purchased crypto, you can transfer it to a crypto wallet for safe storage.
Is It Legal to Trade Cryptocurrency in Kenya?
The answer is yes! It is legal to trade Bitcoin and Bitcoin CFDs in Kenya. However, there are some caveats that traders should be aware of.
First, the Central Bank does not consider Bitcoin a legal tender in Kenya. This means that any transactions made using cryptocurrency will not be recognised as legal under Kenyan law; therefore, traders should take caution when engaging in such activities.
Second, the cryptocurrency market in Kenya is not regulated by the Capital Markets Authority (CMA). This means that if traders face any monetary loss, unfair treatment or fraudulent activity, they will not find any protection or support from CMA.
It's also important to note that the crypto market is still very volatile. Cryptocurrency prices can change rapidly, and traders should always ensure that their investments are protected before trading.
Best Crypto Trading Strategies for Kenyans
As crypto trading becomes more popular in Kenya, traders need to know the best strategies to maximize profits. Here are some of the most common crypto trading strategies:
Day Trading
This strategy involves buying and selling cryptocurrencies within a single day in order to take advantage of short-term price movements. Day traders need to be able to identify market trends quickly and act on them swiftly in order to maximise their profits.
HODLing
HODLing entails holding onto your cryptocurrency for a longer period of time in order to benefit from long-term price increases. This strategy requires patience and discipline, as it can take months or even years before you see any returns on your investment.
Futures Trading
In this strategy, you enter into an agreement with another party to buy or sell a certain amount of cryptocurrency at a predetermined price at some point in the future. Futures contracts can help traders hedge against market volatility and reduce risk while still allowing them to make profits from price movements.
Arbitrage Trading
This strategy is an option for Kenyan crypto traders who want to capitalise on small differences in prices between different exchanges or markets. By taking advantage of these discrepancies, traders can buy low on one exchange and sell high on another, thus making a profit without taking any risks.
What Is the Best Crypto Broker for Beginners in Kenya?
EXNESS offers a range of services that make it easy and possible for beginners to start trading without any prior experience. The broker provides a cent account, whose low deposit amount and small trade volume allow you to start trading even with minimal funds or knowledge.
EXNESS also offers low commissions, making it cost-effective for beginners to trade in the crypto markets. In addition, the platform has copy trading feature, which allows traders to automatically follow successful traders and copy their trades. This is ideal for newbies as it eliminates the need to learn about trading strategies and technical analysis.
How Do I Buy Bitcoin in Kenya Through MPesa?
To start with, you will need to create an account on a cryptocurrency trading platform that accepts MPesa payments. The best apps for crypto trading in Kenya already provide this option. After signing up, you will be able to connect your MPesa account to the platform and purchase Bitcoin with Kenyan Shillings.
Summary
Many brokers operate in Kenya, but not all of them are reliable or offer attractive trading conditions. TU experts selected 5 companies and rated them based on collected data. By reviewing them, you will learn about the Best Crypto Brokers in Kenya 2025 and will be able to evaluate the pros and cons of its closest competitors.
Overall score of the best Crypto Brokers in Kenya
| XM Group | Exness | TeleTrade | MEXC | Markets4you | |
|---|---|---|---|---|---|
|
Overall score |
8.53 |
8.52 |
6.73 |
6.07 |
7.32 |
|
Execution of orders |
9.35 |
9.6 |
3.21 |
8.5 |
8.65 |
|
Investment instruments |
9.2 |
10 |
4.7 |
5.25 |
6.8 |
|
Withdrawal speed |
7 |
7 |
7 |
8.45 |
5 |
|
Customer Support work |
8.7 |
9.29 |
8.41 |
7.25 |
8.5 |
|
Variety of instruments |
8.02 |
8.02 |
8.75 |
0 |
5.77 |
|
Trading platform |
8.9 |
7.21 |
8.29 |
6.98 |
9.22 |
|
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FAQ
What is the most popular crypto broker?
Pocket Option's popularity as a crypto broker has grown exponentially in Kenya due to its exceptional qualities, including fast execution, low fees and user-friendly interface.
Which crypto broker should I use?
That depends on your individual needs and preferences, which can vary depending on the type of trading you want to do and your level of experience. Generally, Pocket Option, EXNESS Group, AMarkets, 4XC, and DERIV are excellent brokers for Kenyan traders.
Where can I sell crypto in Kenya?
You can sell cryptocurrency in Kenya at a wide range of exchanges, including CryptoWallet and Paxful. Alternatively, you can use brokers or P2P platforms.
How can I buy cryptocurrency in Kenya?
You can purchase cryptocurrency in Kenya using different payment methods, including bank transfers, credit cards, debit cards and e-wallets. MPesa is another popular payment option for Kenyans to buy crypto with Kenyan Shillings.
Is it possible to work with offshore brokers?
It is best not to work with offshore brokers. However, if you have chosen such a company, you need to check and analyze it very thoroughly. There are offshore brokers with good reputations. Before you start working with such a company, deposit the minimum amount and start trading. Once you’ve worked with the broker for a little while and checked how it operates and how quickly it processes withdrawals, you can start depositing higher amounts.
What learning instruments can a broker offer?
Brokers offer various educational options. These include full-fledged educational courses, or video tutorials, articles, and books. Companies also often hold seminars and webinars.
What is a demo account and why is it important?
On a demo account, you trade by using virtual funds. It is important to choose a broker offering a demo account both for beginners, who are only learning, and for experienced traders, who can use this account type to test new strategies or EAs risk-free.
What commissions and fees should I take into consideration when I am choosing a broker?
The commissions and fees in the financial markets are divided into trading and non-tradings ones. Trading fees are the fees that are charged directly during trading (spread, commission per lot, etc.), while non-trading fees are the ones charged outside the trading process (for example, account fee, inactivity fee, deposit and withdrawal fee).
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.