Country sheet · KE
Trading from Kenya
The CMA licenses online forex brokers in Kenya, requires them to keep client money in segregated accounts at licensed banks, and caps the leverage they can offer.
RegulatorCMACapital Markets AuthorityPublic register ↗
If a firm failsNot checked
Retail leverage cap400:1 on major pairsUp to 400 times the client's deposit on any currency pair or underlying asset; the CMA can revise this by circular.new.kenyalaw.org ↗
Firms licensed here7on our records
Rules read from the official sources linked above on 2026-09-26.
Ledger
Firms with a licence in Kenya
Ordered by licence status, then name. Not a ranking.
FirmLicence here
AXYS Investment BankCMA_KE 260 Authorised
Dyer & Blair Investment BankCMA_KE 004 Authorised
Faida Investment BankCMA_KE 006 Authorised
Genghis CapitalCMA_KE 007 Authorised
HF Markets (SV) LtdCMA_KE 155 Authorised
Pepperstone Markets LimitedCMA_KE 128 Authorised
Windsor BrokersCMA_KE 156 Authorised
Before you sign up
Five checks for Kenya
- Find the firm on CMA’s register yourself, not through a link the firm sent.
- Check that the company named on your account agreement is the one on the register.
- Confirm the website, phone and email match the register entry.
- Ask which compensation scheme covers your account, and up to what amount.
- Size your first trades inside the retail cap: position size check.
Register checks
Latest readings in Kenya
Other countries
More country sheets
Note: Kenya has a statutory Investor Compensation Fund for failures of licensed stockbrokers and dealers; we haven't confirmed whether it covers online forex brokers, or its limit.