Broker Review is among the best forex brokers that offer PayPal deposits in Kenya. The review discusses what makes this platform so good and why it is better than other ones.

Playtech is a company listed on the London Stock Exchange and a constituent of the FTSE 250 index, and the owner of the brokerage firm is Finalto (Australia) Pty Ltd, a subsidiary of Playtech.

With this broker, traders can trade a wide variety of over 2,200 financial instruments at low costs, much more than most other brokers offer. Several instruments can be traded with them, such as stocks, commodities, indices, cryptocurrencies, ETFs, and bonds.

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Their award-winning proprietary platform, Marketsx, is fully supported along with MT4 and MT5. In addition to its in-depth charting functionality and expert analysis, Marketsx is a powerful multi-asset trading platform that includes more than 14 technical and fundamental tools.

The spreads on the EUR/USD start at 0.6 pips, and the minimum deposit requirements are reasonable. Compare that to similar brokers with high commissions. A unique feature of the broker is its high level of customer service compared to other brokers. Each trader has a dedicated Account Manager who assists with any queries about the platform or their account.

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Is regulated in Kenya?

It is considered safe for Kenyan traders as it is a well-regulated market-maker. It was founded in 2010, and several regulation entities involved in the Finalto group operate it. Regulatory bodies of several countries have approved them. These include

  • Financial Conduct Authority (FCA) in the United Kingdom
  • Cyprus Securities and Exchange Commission (CySEC) in Europe
  • Australian Securities and Investment Commission (ASIC) in Australia
  • BVI Financial Services Commission (FSC) for global clients

Also, you can get more information about the regulation licenses below

  • FCA regulates and authorises Finalto Trading ltd. and provides its license number 607305.
  • Similarly, CySEC regulates and authorises Safecap Investments ltd with license number 092/08.
  • Further, ASIC regulates and authorises Finalto (Australia) Pty Ltd. With license number 43906.
  • BVI FSC regulates and authorises Finalto (BVI) with license number SIBA/L/14/1067.

They are operated in Cyprus by Safecap Investments Limited, while TradeTech Markets Limited operates the other entities.

Playtech plc, a member of the FTSE 250 index, owns Safecap Investments Limited, part of the Playtech Group. Hence, it is a transparent company that is more credible on major exchanges since public companies must have their financial statements available to the public.

But CMA Kenya does not regulate them. Still, it is a reputable broker.

Pros / Cons
  • Tight Spreads
  • Educational Tools
  • Fund Using PayPal
  • Multi-Regulated
  • Broker Verified
  • Low Leverage
  • Inactivity Fees
  • No CMA Regulation


The broker places a high priority on security and privacy. The platform uses encryption, firewalls, and Secure Socket Layer (SSL) software to ensure information security during transmission.

Moreover, SAS 70 certified data centers serve as trading servers.

In general, we can be more confident in the ability of a broker to survive financial crises the longer their track record is. Additionally, the broker has been around for more than a decade.

In addition to its international customer base, the company is regulated by a wide range of top-tier regulatory bodies, making it a safe and reliable choice of broker.

Tradeable products on

The product range offered by them to Kenyan traders compares favorably with its competitors; over 2,200 financial instruments are available for trading.

Forex pairs: You can trade 67 Forex pairs with them, including major, minor, and exotic pairs such as USD/ZAR and ZAR/JPY. It is about the same number as most other brokers. On MT4 and MT5, you can leverage up to 300:1 but not more than 1:200.

Indices: You can select 20 spot indices, including the USA 30, USA 500, VIXX, and the USTech100. In comparison with other brokers, this broker offers a limited number of indices. In addition, indicators have the leverage of up to 1:100.

Futures: There are 19 futures available including the US 30, France 40, and UK 100. It offers fewer futures than most brokers. In the future, leverage can reach 200:1.

Trading CFDs: Trading CFDs includes US tech companies and multinational energy companies. Over 2000 stocks are available to trade. It offers a wider range of stocks than other similar brokers. In addition, it offers leverage up to 1:10.

The variety and depth of market instruments offered by them to Kenyans are outstanding. In addition, its cryptocurrency and commodities offerings are more extensive than many other brokers. account types

Users have the option of choosing one account type suited to novices and seasoned traders.

Retail accounts

Upon opening this account, you will need to deposit at least 2500 USD/EUR/GBP. Marketsx offers a spread of 0.8 pips for EUR/USD on the MT4 and MT5 platforms. For MT4 and MT5, the EUR/USD spread is 0.70 pips. It is commission-free.

Demo accounts

Demo Accounts are also available to Kenyan traders to test the platform’s functionality and understand how the market works. Traders receive 10,000 USD in virtual funds when opening a Demo Account. Demo accounts last for 30 days but can be extended if necessary. You can also access this app on all your devices to learn how to trade.

It offers only one live account, but its reasonable commissions, low deposit requirements, and high leverage make it an appealing platform for beginners and experienced traders alike.

How to open a live trading account?

At, opening a trading account is simple, hassle-free, and 100% online.

It allows Kenyan traders to open an account, but the minimum requirement is 2500 USD/EUR/GBP to open an account. It does not allow Kenyan traders to fund their account with Kenyan Shilling currency.

Accounts can be created by signing up online. The process is completely digital, and it usually takes one day to create an account.

Steps to open an account at

The first step is to create a new account.

Customers are asked to fill in personal information (such as name, country of residence, email address, birth date, and educational level).

A questionnaire about the client’s trading skills and financial information is required.

In addition to a copy of the signature page of a national ID card or passport, it requires customers to provide a copy of a recent utility bill or bank statement.

Scanned documents or digital pictures were taken with a digital camera may be sent.

Before starting to trade, you should read their risk disclosure, customer agreement, and terms of service.

Within one day after all of the required documents are received, the account can be traded.

What is the minimum deposit in

A minimum deposit of $250 is required, which is high compared to other market makers. Moreover, being a Kenyan trader, you have to convert KES into any major currency pair, which increases the minimum deposit even more.

How to deposit the minimum amount in

It charges low fees for depositing and withdrawing funds compared to other brokers and offers customers many deposit and withdrawal options.

By being a well-regulated broker, it ensures compliance with all Anti-Money Laundering guidelines and rules. In this way, all donations made to non-profits are returned to the original depositor. No matter what method you use to deposit, you will need to withdraw all profits to a personal bank account.

Traders can safely deposit and withdraw money via major credit and debit cards, wire transfers, and popular payment options like Neteller, Skrill, and PayPal. There are no fees associated with deposits or withdrawals. Traders in Kenya can use PayPal to deposit their funds safely to the broker. deposits and withdrawals

It takes approximately 24 hours for your credit card/debit card transaction to be processed. The credited deposits of the clients will be credited to their trading accounts immediately upon completion of the Onboarding Process.

It takes approximately 1-2 business days for wire transfers to be processed after receipt.

Your trading account may not reflect electronic wallet deposits for up to 24 hours.

The overall process between the broker and its competitors is quicker, as it provides a variety of payment methods. The fact that deposits and withdrawals are free will please traders as well. bonus

The bonus size is $30, which can be obtained without making a single penny as a deposit.

Users must register on the platform to receive the bonus. However, users do not need to provide much information during registration. This means that your most sensitive information is safe. All you need is an email address that could be just an alternative email rather than your primary one.

As soon as you create an account with them, you will automatically receive the no deposit bonus. It needs only to be confirmed via email to be claimed, and after 24 hours, it will be available for use.

Before you ask, the bonus cannot be withdrawn immediately, and it can only be used to trade with. first deposit bonus

The Deposit Bonus is available in two forms. The brokerage currently offers a promotion offering free trading credits up to 35% on a $100 deposit in Kenya. To receive the maximum bonus available from the offer, a minimum investment of $10,000 is required.

Traders get a lot of value for so little, but the only downside is that the offer is only available to Kenyans and other countries that the brokerage accepts.

Traders can withdraw their free trading credits, but they must complete a minimum volume within 90 days of receiving their award. As of now, for every $1 of bonus funds issued, the trader must trade $10,000 in trading volumes.

To qualify for the $100 credit, traders must execute at least $1,000,000 worth of trades. Therefore, it would help if you verified that you could accumulate the required trading volume before you sign up for a bonus of a higher value. trading spreads

It offers competitive spreads. EUR/USD’s average spread is 0.7 pips, while the GBP/USD is 1.2 pips. However, the same spreads can vary due to a multitude of factors.

There is no longer a commission charge by them, but rollover fees may be applied to overnight positions (as is standard practice).

During periods of high volatility, slippage may also work against a trader. This is when the expected price does not match the price at auction.

The website also lists the terms and conditions for inactivity fees that apply if an account is unused for an extended time.

Average standard account spreads on majors.

  • EUR/USD: 0.6
  • GBP/USD: 1.2
  • USD/JPY: 0.9
  • AUD/USD: 0.9


Leverage trading is available with the broker. However, a significant restriction was imposed during summer 2018 by ESMA on the amount of leverage available to EU traders.

Therefore, the maximum leverage available for traders in Kenya and elsewhere can reach 300:1.

In Australia, ASIC also recently capped leverage at 1:30.

A leveraged position is one in which a trader opens a position worth more than their account balance. The use of leverage increases risk and reward in each trade, so the European regulators decided to limit its use by retail traders. Professional traders, however, can still utilise higher leverage.

Depending on the type of account and instrument, you can get maximum leverage. For example, cryptocurrencies tend to have low leverage levels, while more liquid and less volatile assets, such as popular forex pairs, are more likely to have higher levels.

Before a margin call, the broker notifies traders when leverage levels drop below 70%. If leverage falls below 50%, the broker has the right to close positions. trading platforms

A wider range of platforms is available at the broker than most other brokers, including MT4, MT5, Marketsx, and Marketsi.


As the industry’s most reliable and popular platform, Metatrader 4 (MT4) has established itself as industry-leading. The broker’s MT4 is made simple with its intuitive interface and easy-to-use environment.

Many add-ons are free to download, but full functionality may require premium subscriptions.

MT4 includes an array of more than 50 indicators and tools within its built-in library for each financial instrument, allowing the analyst to streamline the analysis process. Additionally, its MT4 offers Expert Advisors, automated trading, strategy backtesting, customised charts, indicators, and copy trading capabilities.


The broker is adopting the MT5 platform more and more every day. Besides having a modern interface, a built-in economic calendar, market depth, and unlimited charts, it offers a more modern interface.

In addition, it offers more pending order types than MT4 and an integrated chat feature. In addition, MQL5 has a more advanced charting system than MT4 and is more efficient than its predecessor.


A mobile trading application for iOS and Android is available through their proprietary platform, Marketsx.

Languages supported by the platform include English, German, Dutch, French, Spanish, Italian, Danish, Portuguese, and Arabic.

The easy-to-use and excellent features of Marketsx have led to it winning several awards. Its user interface is intuitive, and its design is clean. In addition, it provides useful charting tools that can help you identify trends and open new trading opportunities, as well as comprehensive drawing tools that can be used to plot trendlines, channels, pitchforks, and Fibonacci Retracements, among other things. In addition, you can overlay up to eight instruments side-by-side on the platform or add up to five types of indicators at once.

Additionally, Kenyans can place orders easily on the Marketsx platform. The app and web-based platforms allow you to use risk management capabilities, as well as out-of-hours orders. mobile app

There are generally positive reviews for their mobile app. The broker offers both an Android and iOS app. After you have your mobile login credentials, it takes just a few minutes to download the app.

As you can see, even while speculating on oil and penny stocks, you get to choose from various products.

This app, which promises a seamless transition from desktop applications, is generally good. On the other hand, it’s important to note that the app does not support the following features found on the web platform:

  • Notifications are not available
  • News isn’t accessible
  • Your charts cannot be adorned with indicators

Due to this, traders who use their mobiles to trade will need to consider replicating those elements if necessary.

Customer service at

The quality of their customer support far exceeds that of other brokers. The company offers customer support 24/5, which is the industry average.

It offers VIP support as a large part of its premium trading experience.

In addition to customer service, technical support is available via phone or in-platform via Live Chat 24/5 in several languages. Customers can also reach out to customer service via email.

The customer service members are responsive, polite, and skilled – they usually answer all questions via live chat. The con is that they do not provide a Kenyan contact number. Education and research

There is not much educational content available at their website, which is somewhat disappointing for traders seeking in-house training.

A downloadable in-depth guide on each market is available as part of the Knowledge Centre to help traders get the most out of the platform. Educational materials, however, are somewhat disorganised.

You can also sign up for free webinars run by some of the top minds in financial markets through them. Traders can ask questions and have their questions answered by their expert presenters, from using the platform to understanding the market.

Overall, the broker should add beginner and more advanced sections to its educational materials and develop a more structured learning environment.


The Marketsx online trading platform comes with a powerful set of decision-supporting tools. With the trading tools menu, you can access several tools that crunch big data from analysts, hedge funds, and commentators to provide you with better market insight. With each tool’s integrated buy and sell buttons, you can quickly act on the information presented by buying or selling. These tools include

  • Analysts’ recommendations
  • Bloggers opinion
  • Insider trades
  • News sentiment
  • Hedge fund confidence

A comprehensive set of tools is available on the website, but it lacks third-party support.


Thinking of Trading with

How legit is

A transparent business model and full compliance with global regulators make it an accredited broker.

What is the best way to trade on

Its proprietary trading platforms include MT4 and MT5, CFD trading through Marketsx, and share trading through Marketsi.

What is a minimum deposit at

A minimum deposit of $100 or a currency equivalent is required for Kenyan traders to start trading with them.

Is good for beginners?

New traders can take full advantage of the 60-minute webinars provided by our educational division, with a basic introduction to the basics. This broker is suitable for new traders and seasoned professionals because of its in-house research and various services and products.

Does have a good reputation?

Traders benefit from a safe and secure environment when they are dealing with a great asset selection. This broker’s inclusion in the industry’s top quartile is validated by its two proprietary trading platforms (in addition to MT4 and MT5), an outstanding selection of trading tools, and research capabilities.

How to open a MetaTrader 4 account on

Traders may choose their trading platform in broker’s secure back-office after signing up for an account.

Is operating in Kenya?

Yes, it operates a subsidiary in Kenya and remains regulated by Financial Sector Conduct Authority (FSCA), but CMA Kenya does not.

Bottom line

Brokers such as offer a diverse portfolio of assets that other brokers do not typically offer. As a result, the trading conditions with them are also excellent, and traders have a wide range of choices regarding their platforms and trading tools.

The customer support is outstanding, and all traders have access to a personal account manager, which is a rare service offered by a brokerage company. As a whole, the broker is a good option for Kenyan traders of every skill level.

up to 50% is among the best forex brokers that offer PayPal deposits in Kenya. The review discusses the broker in detail.

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