Best Brokers With KES Accounts 2025
We’ve tested brokers offering KES accounts and selected the best based on transaction ease, reduced currency conversion costs, and tailored local support, enhancing trading efficiency for Kenyan traders.
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1Established in 2008, Exness is a respected broker known for offering over 40 account currencies, a wide choice of CFD instruments, and an intuitive web platform with features like currency converters and trading calculators.
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Safety Comparison
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Accounts Comparison
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Fee and Cost Comparison
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Broker Popularity
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Broker | Popularity |
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Exness |
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Why Trade With Exness?
Exness is an excellent choice for active forex traders aiming to reduce costs after lowering spreads, enhancing execution speeds, and offering trading on over 100 currency pairs with more than 40 account currencies.
Pros
- Execution speeds now average under 25ms, providing ideal conditions for short-term traders.
- Competitive spreads for USOIL and BTCUSD in 2024 start from 0 pips, with low commissions from $2 per side.
- Exness was the first brokerage to reach monthly trading volumes of $1 trillion and $2 trillion, demonstrating its credibility.
Cons
- MetaTrader 4 and 5 are supported, but TradingView and cTrader are not available yet, despite increasing demand from traders and their integration with other platforms like Pepperstone.
- Exness has increased its variety of CFDs and introduced a copy trading feature, but it still lacks real assets like ETFs, cryptocurrencies, or bonds.
- Retail trading services are not available in some areas, such as the US and UK, which limits access compared to leading brokers like Interactive Brokers.
Filters
The Kenyan Shilling (KES) as a Trading Currency
The Kenyan shilling (KES) is the official currency of Kenya and is managed by the Central Bank of Kenya (CBK). It’s a popular choice for traders in Kenya and is widely used for trade across East Africa.
In this region, KES is particularly important in sectors like agriculture, technology, and finance, and is essential for trade within the East African Community (EAC) and the Common Market for Eastern and Southern Africa (COMESA).
If you’re looking to trade using KES, check out brokerlistings.com for the best platforms that offer KES accounts suited to your trading style.
How We Selected the Best Brokers
To find the top KES trading platforms, we performed a thorough analysis using our database of online brokers. Here’s what we did:
- We only considered platforms that offer accounts in Kenyan shillings.
- We excluded brokers that didn’t meet our strict criteria for KES accounts.
- Our ranking system used over 100 different measurements and evaluations based on detailed testing, ensuring that only the best brokers made the list.
Understanding a KES Account
A KES trading account is an account that lets you conduct financial transactions using Kenyan shillings.
- You can trade derivatives, commodities, or currencies directly in KES, avoiding the hassle of converting currencies frequently.
- This simplifies your trading, especially if you are trading with Kenyan businesses or in the East African region.
Opening a KES account is straightforward; for example, Exness is one platform where you can open such accounts easily.
Do You Need a KES Trading Account?
A KES account might be right for you for several reasons:
- It simplifies trading Kenyan stocks, bonds, and other financial instruments on the Nairobi Securities Exchange (NSE).
- Tax reporting becomes easier by eliminating the need to calculate foreign exchange gains or losses.
- Trading in local assets reduces complications from exchange rate changes that could affect your profits.
Checking if a Broker Offers KES Accounts
You can easily find out if a broker supports accounts in Kenyan shillings by following these simple steps:
- Check the ‘Account Options’ section on the broker’s website to see the currencies supported for various account types.
- Ensure that ‘KES’ is available as a base currency for trading.
- Select ‘KES’ when opening a trading account to start trading in Kenyan shillings.
Pros and Cons of KES Trading Accounts
Pros
- A KES account simplifies trading by avoiding frequent currency conversion, saving on fees, and lessening risks from exchange rate volatility.
- Investing in Kenya’s growing sectors like finance, agriculture, and technology can be more rewarding with a KES account.
- You can benefit from local interest rates, which might improve your liquidity management or returns on savings.
Cons
- Using a KES base account can make trading international securities tricky due to currency conversion costs and foreign exchange risks.
- There might be less access to highly liquid assets traded in popular currencies like USD or EUR, affecting trade execution.
- Managing a KES-based account across borders might introduce special tax rules or regulations, depending on where you live.
FAQ
Which is the Best Broker with a KES Account?
After careful evaluation, brokerlistings.com has identified the top trading platforms offering KES accounts. Review our picks to find the best fit for your trading needs.
How Much Does It Cost to Open a KES-Based Trading Account?
The typical minimum deposit for a KES trading account is about USD 250 (approx. KES 32,160). However, some brokers, like Exness, allow you to start with as little as USD 25 (approx. KES 3,215), which can be appealing if you’re new to trading or have a limited budget.