Best M-Pesa Brokers 2025
Discover the best brokers with M-Pesa deposits and withdrawals following our rigorous hands-on tests.
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1XM is a well-known forex and CFD broker with over 15 million clients in more than 190 countries. Since 2009, it has offered low trading fees on over 1000 instruments. It is highly regulated by authorities like ASIC and CySEC and provides a complete MetaTrader experience.
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2Founded in 1999, Deriv is an innovative broker serving over 2.5 million global clients. The firm offers CFDs, multipliers, and recently, accumulators, along with unique derived products for flexible short-term trading.
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3Founded in 2009, FBS is a celebrated CFD broker active in more than 150 countries, serving over 27 million traders. Traders receive around-the-clock support, including market analysis, trading calculators, and competitive pricing without any commissions.
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4LiteFinance is a broker regulated offshore that provides 55 forex pairs and various international stocks. They also offer selected indices, commodities, and cryptocurrencies. They provide support for MetaTrader 4 and 5 platforms, as well as their own mobile app. LiteFinance offers a classic non-commission account and an ECN account with spreads from zero and a per-lot commission.
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5Founded in 2012, BDSwiss is an award-winning forex and CFD broker providing over 900 instruments to clients in more than 180 countries. With new account options, dynamic leverage, and AI-powered tools, BDSwiss offers a comprehensive trading package.
Compare Brokers
| Broker |  |
USD Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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✓ | ✓ | $5 | 0.01 Lots | 1:10001:30 | ✓ | ASIC, CySEC, DFSA, IFSC | CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies | MT4, MT5, TradingCentral | USD, EUR, GBP, JPY | Expert Advisors (EAs) on MetaTrader | ✗ | ✗ | |
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✓ | ✓ | $5 | 0.01 Lots | 1:1000 | ✓ | MFSA, LFSA, BVIFSC, VFSC, FSC, SVGFSA | CFDs, Multipliers, Accumulators, Synthetic Indices, Forex, Stocks, Options, Commodities, ETFs | Deriv Trader, Deriv X, Deriv Go, MT5, cTrader, TradingView | USD, EUR, GBP | Expert Advisors (EAs) on MetaTrader, DBots | ✗ | ✗ | |
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✓ | ✓ | $5 | 0.01 Lots | 1:30 (EU & Restricted Countries), 1:3000 (Global) | ✗ | ASIC, CySEC, FSC | CFDs, Forex, Indices, Shares, Commodities | FBS App, MT4, MT5 | USD, EUR | Expert Advisors (EAs) on MetaTrader | ✗ | ✗ | |
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✓ | ✓ | $50 | 0.01 Lots | 1:500 (Crypto 1:50) | ✓ | CySEC | Forex, CFDs, indices, shares, commodities, cryptocurrencies | MT4, MT5 | USD, EUR | Expert Advisors (EAs) on MetaTrader | ✗ | ✗ | |
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✓ | ✓ | $10 | 0.01 Lots | 1:2000 | ✓ | FSC, FSA, SCA, MISA | CFDs, Forex, Stocks, Indices, Commodities, Crypto | BDSwiss WebTrader, MT4, MT5, AutoChartist, TradingCentral | USD, EUR, GBP | Expert Advisors (EAs) on MetaTrader | ✓ | ✗ | |
| Broker | |
USD Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
Safety Comparison
Compare how safe the Best M-Pesa Brokers 2025 are.
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
|---|---|---|---|---|
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✗ | ✓ | ✓ | |
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✗ | ✓ | ✓ | |
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✗ | ✓ | ✓ | |
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✗ | ✓ | ✓ | |
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✗ | ✓ | ✓ | |
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
Mobile Trading Comparison
Compare the mobile trading features of the Best M-Pesa Brokers 2025.
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
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iOS, Android & Windows | ✗ | ||
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
Comparison for Beginners
Compare how suitable the Best M-Pesa Brokers 2025 are for beginners.
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
|---|---|---|---|---|---|---|---|
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✓ | $5 | 0.01 Lots | ✓ | ✓ | ||
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✓ | $5 | 0.01 Lots | ✗ | ✗ | ||
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✓ | $5 | 0.01 Lots | ✗ | ✓ | ||
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✓ | $50 | 0.01 Lots | ✗ | ✓ | ||
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✓ | $10 | 0.01 Lots | ✗ | ✗ | ||
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
Comparison for Advanced Traders
Compare how suitable the Best M-Pesa Brokers 2025 are for advanced or professional traders.
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
|---|---|---|---|---|---|---|---|---|
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Expert Advisors (EAs) on MetaTrader | ✓ | ✗ | ✗ | ✗ | 1:10001:30 | ✓ | ✗ |
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Expert Advisors (EAs) on MetaTrader, DBots | ✗ | ✗ | ✗ | ✗ | 1:1000 | ✓ | ✓ |
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Expert Advisors (EAs) on MetaTrader | ✓ | ✗ | ✗ | ✗ | 1:30 (EU & Restricted Countries), 1:3000 (Global) | ✓ | ✗ |
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Expert Advisors (EAs) on MetaTrader | ✓ | ✗ | ✗ | ✗ | 1:500 (Crypto 1:50) | ✗ | ✗ |
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Expert Advisors (EAs) on MetaTrader | ✓ | ✗ | ✓ | ✗ | 1:2000 | ✓ | ✗ |
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
Accounts Comparison
Compare the trading accounts offered by Best M-Pesa Brokers 2025.
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
|---|---|---|---|---|---|---|---|---|---|
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✓ | ✗ | ✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ |
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✓ | ✗ | ✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ |
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✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
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✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
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✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✓ | ✗ | ✗ |
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
Detailed Rating Comparison
Compare how we rated the Best M-Pesa Brokers 2025 in key areas.
| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
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| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
Fee and Cost Comparison
Compare the cost of trading with the Best M-Pesa Brokers 2025.
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
|---|---|---|---|---|---|---|
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✗ | $5 | 0.002 | 0.8 | Variable | |
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✗ | $25 | 0.59 (Apple) | 1.4 | From 0.5 | |
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✗ | $0 | Variable | 0.5 | Floating | |
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✗ | ✗ | Variable | 0.2 | From 0.1 | |
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✗ | $30 | 0.1 | 0.3 | 38.25 (BTC) | |
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
Broker Popularity
See how popular the Best M-Pesa Brokers 2025 are in terms of number of clients.
| Broker | Popularity |
|---|---|
| FBS |
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| XM |
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| LiteFinance |
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| Deriv |
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| BDSwiss |
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Why Trade With XM?
With a $5 minimum deposit, advanced charting on MT4 and MT5, a growing range of markets, and a Zero account with spreads from 0.0, XM offers what traders need. They have even won our 'Best MT4/MT5 Broker' award recently.
Pros
- XM offers over 1,000 instruments, giving traders various short-term opportunities, including turbo stocks, fractional shares, and thematic indices.
- XM excels in trader education by providing well-organized resources like webinars, tutorials, and live trading sessions via XM Live.
- XM's customer support has proven reliable, offering 24/5 service in 25 languages, response times under 2 minutes, and a growing Telegram channel.
Cons
- XM only uses the MetaTrader platforms for desktop trading, offering no in-house downloadable or web-based solutions with unique features for beginners.
- The XM app is user-friendly and offers unique copy trading products, but its technical analysis tools need enhancement for advanced traders.
- The XM global entity is generally reliable and well-regulated but is registered with the less robust IFSC regulator. It no longer accepts UK clients, limiting its market reach.
Why Trade With Deriv?
Deriv is perfect for active traders looking for unique methods to engage with global financial markets. It offers multipliers, accumulator options, and exclusive synthetic indices that simulate real market movements and are accessible 24/7, ensuring continuous trading opportunities outside regular market hours.
Pros
- Deriv has increased its leverage on ETFs from 1:5 to 1:10, allowing for higher potential returns with the same investment. However, leverage also increases potential losses.
- In 2025, Deriv updated its app with a cleaner interface, enhanced position management, and simplified contract details for smarter mobile trading, winning DayTrading.com's 'Best Trading App' award.
- Deriv offers unique products like multipliers, derived indices, and accumulator options, providing exclusive short-term trading opportunities.
Cons
- The Academy, launched in 2021, is a positive step, but it offers limited education on advanced trading topics for experienced traders and lacks live webinars to train new traders.
- Though there’s a basic blog, there is limited technical analysis or market reports available to assist traders in spotting potential opportunities.
- Leverage up to 1:1000 attracts traders with high risk tolerance, but it's disappointing that leverage can't be adjusted in the account settings.
Why Trade With FBS?
FBS is suitable for traders of all levels, requiring only a $5 initial deposit. It offers an educational academy for beginners and access to MT4 and MT5 platforms. Traders with more experience can take advantage of trading opportunities with leverage up to 1:3000.
Pros
- FBS provides quick execution speeds starting at just 10 milliseconds, making it a top choice for active traders, such as scalpers, who require fast order handling.
- The platform provides 24/7 customer support and requires only a $5 minimum deposit. It offers high leverage options and over 200 funding methods, making it suitable for traders with small accounts.
- FBS provides a balance between advanced features and user-friendly functionality. The sign-up process takes less than 10 minutes, and they offer an intuitive app. They also provide comprehensive market research, including Market Analytics and VIP Analytics. Extra resources are available such as the FBS Academy and Trader's Blog to enhance the trading experience.
Cons
- FBS now offers over 70 currency pairs for trading but still falls behind leaders like BlackBull Markets because of its limited options in commodities and indices.
- Only two basic currencies, EUR and USD, are available. This isn't functional for reducing conversion costs for worldwide traders, considering the broker is used in over 150 countries.
- The FBS app is excellent for beginner traders and MT4/MT5 is suitable for advanced ones. However, the lack of cTrader and TradingView, available on alternatives like Pepperstone, might be a drawback for traders familiar with these platforms.
Why Trade With LiteFinance?
LiteFinance is ideal for traders who want high leverage for forex, stocks, commodities, indices, or cryptocurrencies. The social trading system also benefits new investors who want to learn from experienced traders.
Pros
- Tested customer support is quick and dependable for traders.
- Automated trading via APIs
- Traders can access high leverage up to a 1:500 ratio.
Cons
- Not supervised by any major regulator.
- There have been online complaints regarding challenges in withdrawing funds.
- The Classic account has broad trading spreads.
Why Trade With BDSwiss?
BDSwiss is ideal for traders needing quick execution, with a 68.3ms median execution speed, dynamic leverage up to 1:2000, and strong charting tools. However, regulatory oversight has declined recently.
Pros
- BDSwiss offers Cent, Classic, VIP, and Raw accounts for all traders. Beginners can choose Cent accounts with lower risk, while experienced traders might prefer VIP or Raw accounts for lower and tighter spreads and commissions on high-volume trades.
- BDSwiss provides quick and dependable execution with a median speed of 68.3ms, no requotes or rejections, and 74.8% zero or positive slippage in recent evaluations.
- BDSwiss improved its trading services by adding an AI trend analysis tool in 2021, a low spread account, and dynamic leverage up to 1:2000 in 2023.
Cons
- The BDSwiss WebTrader offers limited customization, with no window resizing or asset-specific filters for trading ideas, leading to a restrictive and frustrating user experience during testing.
- After giving up its CySEC (Cyprus) and FCA (UK) licenses, BDSwiss no longer accepts clients from the EU and UK. This limits its access to traders in these regulated markets, reducing its attractiveness where strong oversight is important.
- While the 900+ asset range is solid, some categories like cryptocurrencies and stocks have fewer options than brokers with thousands of shares or a broader crypto portfolio. Advanced traders seeking specific assets might feel limited.
Filters
Understanding M-Pesa: A Simple Mobile Money Solution
M-Pesa is a mobile banking service created in Kenya that allows people to keep money on their phones and send it to others. It’s become a favorite payment method among traders in various countries across Africa and even worldwide, such as Tanzania, Ghana, South Africa, Mozambique, and more.
In this discussion, we’ll cover:
- What M-Pesa is and its history
- How it works and its impact on mobile payments
- The fees and charges involved
- How to use it for trading with brokers
Choosing the Best Brokers for M-Pesa
To find the top brokers that support M-Pesa:
- We explored our extensive list of 500 online brokers.
- We prioritized brokers that accept M-Pesa deposits and withdrawals.
- We ranked them based on over 100 data points and test results.
What Is M-Pesa?
M-Pesa started in Kenya in 2007 as a partnership between Vodafone (Vodacom) and Safaricom, Kenya’s largest mobile phone provider. The goal was to offer financial services to people who don’t have easy access to banks. “M-Pesa” stands for “M-Money” in Swahili.
The service has expanded and is now available in many countries, including Zambia, Nigeria, Uganda, and others. It’s popular because it lets people store and send money easily, acting as a digital wallet that doesn’t require a bank account. Over 100 million users worldwide trust M-Pesa, and it generates over half a billion USD in revenue yearly.
Fees
M-Pesa has varying fees based on the amount of money you’re transferring. Charges are calculated in Kenyan shillings (KES), and transferring up to 100 KES is free. For instance, sending 3,000 KES costs 53 KES. The maximum daily deposit is 250,000 KES. Check the latest fees and updates on their website.
Most brokers don’t add extra fees for M-Pesa deposits and withdrawals, but it’s essential to verify with your broker.
Speed
Using M-Pesa for payments is usually quick, often happening instantly, which makes it faster than bank transfers that can take 1-2 business days. This speed is great for traders looking to start trading quickly. Once the withdrawal is initiated, delays usually come from the broker’s processing time, varying from 24 hours to a few days depending on the broker.
Security
M-Pesa prioritizes customer data protection, requiring registration through approved agents and performing identity checks (KYC) before account use. Transactions are verified to ensure they are legitimate and secure. M-Pesa’s security measures make it a trustworthy option for transferring money worldwide.
How To Deposit Using M-Pesa
Here’s how you can deposit using M-Pesa with brokers like XM:
- Download the M-Pesa app on your smartphone.
- Register and provide the necessary documents.
- Insert a Safaricom SIM card and link it to your account.
- Deposit funds into your account via cash, bank transfer, or card payment.
- Log in to your trading account, go to deposits, select M-Pesa, and enter the amount to transfer.
To withdraw, select M-Pesa in the withdrawals section of your broker’s site and enter your withdrawal amount. Check for estimated processing times.
Pros Of Using M-Pesa For Traders
Low Cost
M-Pesa fees are minimal, with users mainly paying for airtime.
Reliability
Transfers are fast and the system is known for its stability and security.
High Maximum Transfer Amount
Users can transfer up to 500,000 KES daily, allowing for large deposits.
Accessible For Many Customers
M-Pesa is accessible to those without bank accounts, making it a viable option for many.
Cons Of Using M-Pesa For Traders
Geographic Restrictions
While widespread in Africa, M-Pesa is less available in countries outside the continent.
Lack Of Brokers
Not all brokers accept M-Pesa, with some preferring other options like PayPal, which might be costlier.
Is M-Pesa Good For Trading?
M-Pesa is designed to provide financial services to those without bank access, making it excellent for traders looking for a quick, secure, and affordable way to manage their trading funds.
FAQ
How Do I Use M-Pesa To Deposit To My Trading Account?
Use the M-Pesa app as an online wallet, connecting it to your trading account for deposits.
Do All Brokers Accept M-Pesa?
No, not all brokers do. Check each broker individually or refer to our list of top M-Pesa brokers.
Is M-Pesa Available For US Traders?
Yes, thanks to a partnership with Global Western Union, M-Pesa services are accessible globally, including recent expansions to India.
Is It Cheap To Deposit To My Trading Account Using M-Pesa?
Yes, M-Pesa offers lower transaction fees than many alternatives, though some brokers may apply their own fees.