Forex brokers that accept mpesa

Forex brokers that accept mpesa

Best Forex Brokers that Accept MPesa in Kenya,Best Forex Brokers in Kenya that Accept MPesa

10 rows · Some FX Brokers offer M-Pesa in a co-operation with DusuPay or iPay, which are 6 rows · 26/08/ · HotForex is a well-regulated forex broker in Kenya that accept MPesa, licensed by one Tier 1 Forex brokers that accept MPesa in Kenya include, HotForex, FXPrimus and Naga. MPesa is a mobile money transfer service that has been introduced in Kenya as an alternative to the 25/05/ · 6 Best Forex Brokers in Kenya that Accepts MPesa. FxPesa – Local Regulated Forex broker that accepts MPesa; Exness – Trade Forex with Tight Spread using MPesa; 08/05/ · 10 Best Forex Brokers in Kenya With Mpesa ( List) XM Forex – Huge Deposit Bonus (Up to $ in bonuses) Pepperstone Markets Kenya. FxPesa – Best Mpesa Forex ... read more

Trade executions are almost instant. Like Hotforex, there are no fees for withdrawals and deposits. Exness offers multiple instrument classes, including trading forex on pairs of currencies. It also includes 7 Cryptocurrencies, Metals, Energies, and CFDs on Indices and Stocks. Customer Support at Exness is available 24X5. This is via Live Chat and E-mail. Live Chat Support in the English language is offered 24X7. They offer quite good support to the traders as per our tests.

However, they too do not offer support through a local phone in Kenya. ForexTime is regulated in diverse jurisdictions globally. Their top-tier Financial Regulations are with CMA, FCA, CYSEC, and FSCA FSP No. The Standard Account has an average of higher than 2. The FXTM Cent Account has even higher spread.

FXTM charges commission for its ECN Account. All deposits are free of charge at FXTM, including for MPesa. However, there are fees for withdrawals depending on the method. You can trade with FXTM through the MetaTrader 4 and 5 platforms.

Their financial instruments include Forex Currency Pairs, Cryptocurrencies, Stocks, CFDs, Commodities, and Precious metals. FXTM offers fair customer support. Live Chat offers a quick response and we did not find any hold times of over a minute during our test. We got a response to our queries within 3 hours through E-mail on a weekday. They do not have a local phone number in Kenya.

Here are the major factors that we have considered while reviewing the Forex Brokers accepting MPesa:. Top-tier Regulation s : The most crucial factor is the number of Tier-1 Regulators that regulate the Forex Broker. FCA, ASIC, NFA are considered as Tier-1 by the Forex industry. FSCA and CYSEC are Tier-2 Regulators. If the Forex Broker is listed publicly in a major Stock Exchange, then it is an extra trust factor.

Also, if the forex broker is regulated by CMA in Kenya then it is considered safe. This is most important to check in your forex broker. This makes them a well-regulated forex broker with low risk. One of them is FXPesa. Once you have the license no. There is a high risk that you could lose your deposits with such broker. Overall Fees: The factors considered here are spread, commissions, and charges on withdrawals and deposits. Some of them also levy extra fees where you are trading other CFD instruments.

So, it is vital to research the overall fees of the asset that you are seeking to trade. All regulated CFD brokers have spread comparison table. Make sure to check the fees for the instrument that you want to trade, and see if there is any other regulated broker offering the same instrument at lower fees. Like, the broker in the below table has 0. There are other brokers with lower fees also. For ex. But if your account is in another base currency like USD, then your funds may be converted into KES at a lower exchange rates than the actual rates.

So, you need to consider this commission too. Although it is not necessarily that the broker is charging this fees, it could be their gateway charging this conversion commission. Also, there must be multi-device support, quick execution, no freezing, and multiple order types. These can significantly enhance your trading comfort. All the 4 regulated forex brokers in Kenya offer the MetaTrader platform.

Look for all the features that you would need to actively manage your trading positions. In generally, all the 6 regulated forex brokers have the same KYC procedure. And the trading account is normally approved within the same day, if all the documents are complete. You must make sure to submit your genuine documents, otherwise you would face issues during withdrawal of funds from your trading account. Overall Trading Conditions: The execution of orders must be fast without slippage or re-quotes.

The best option is to choose a Broker offering Direct Market Access than Market Maker Brokers. You must also be offered negative balance protection so that the loss does not exceed the account balance. Availability of guaranteed stop-loss protection is also an advantage. The Broker must also offer funds segregation for the security of funds. You must also check if the instrument that you are looking to trade is offered for the lowest fees or not.

How is the Customer Support: Customer Support must be accessible 24X5 through Live Chat, E-mail, and Phone. The Chat Support must be helpful with minimal hold time. The E-mail revert to your queries must be quick and preferably within 1 or 2 hours max.

The local phone number support in Kenya will be another plus point. The Knowledge base must provide instant solutions. Check if the broker has a Kenyan phone number on their website. Also, the local brokers will have an Office address where you can visit. XM Group. Click here to visit XM Group ». Click here to visit LiteFinance ». Click here to visit Tickmill ». Click here to visit Pepperstone ». Click here to visit FXTM ». Hot Forex Review. FX Primus Review. NAGA Review.

XM Review. eurotrader Review. MPesa is a mobile money transfer service that has been introduced in Kenya as an alternative to the traditional banking system. MPesa is popular in Kenya and allows users to send and receive money using their mobile phones. The service is also available in Tanzania and Uganda. MPesa is convenient, fast, and secure, making it a great option for online forex trading. Mpesa is a mobile phone-based money transfer service launched in by Safaricom, the biggest telecommunication company in Kenya.

The service allows users to send money directly from their phones to another person with an Mpesa account.

Trading is stressful and risky enough; when you make the profits, you want a convenient way to withdraw your forex trading profits. The solution, mobile money: a convenient service by telecoms and Finetechs driving financial inclusion in remote places beyond the reach of mainstream banking. In this article are forex brokers that accept all the major mobile money services like MTN Mobile Money, Airtel Money, MPesa forex brokers, and EcoCash forex brokers.

It is widely popular in many African and Asian countries with a low penetration of VISA and other online payment services. Thanks to telecom companies, you can deposit to and withdraw money with forex brokers that accept mobile money and forex brokers using mpesa.

So if you want forex brokers that accept MTN MOMO in Uganda, Nigeria, Ghana, Guinea Bissau, Benin, Ivory Coast, Cameroon, Rwanda, and South Africa, try Exness , XM , Hotforex , and Forextime FXTM. Exness , XM , Hotforex , and Forextime FXTM are the forex brokers that accept Airtel Money from traders who live in any of these countries: Uganda, Kenya, Burkina Faso, Democratic Republic of Congo DRC , Congo Brazzaville, Gabon, Ghana, Nigeria, Malawi, Chad, Niger, Rwanda, Seychelles, Sierra Leone, Tanzania, Zambia, Madagascar, Bangladesh, India, and Sri Lanka.

The attraction of mpesa forex brokers is it enables locals use M-Pesa — a popular mobile money payment service in Kenya and Tanzania. Exness, XM, Tickmill , and Forextime FXTM are the best forex brokers that accept mpesa by Safaricom in Kenya and Vodacom in Tanzania. If you are a trader in Zimbabwe, you are not left out; Exness and XM are some of the forex brokers that accept EcoCash. Exness is the best forex broker that accepts mobile money and mpesa.

When you withdraw from XM, expect the money to land on your mobile wallet within 30 minutes to 2 hours. Once in a while, withdrawals may take 24 hours. You can not withdraw profits to Mobile Money. You can only withdraw your deposit to mobile money, use alternative methods to withdraw profits. Let me know which of these brokers provides the best mobile money experience? Is there a forex broker that accepts mobile money or a mobile money service we need to include on the list? Forex Brokers The Best Forex Brokers A guide to Copy Trading How To Choose a Forex Broker No Deposit Forex Brokers Forex Broker Reviews XM ForexTime FXTM Exness TICKMILL HotForex IC Markets Forex Brokers by Continent Forex Brokers in Africa Forex Brokers in Asia Forex Brokers in South America Forex Brokers in Europe Forex Brokers in Middle East Trading Articles Trading Psychology Trading Strategies Trade Ideas Forex Rebates Coaching.

You May Also Enjoy These Articles. Open an Account. Why trade forex with Exness. Open an account. Why trade forex with XM. Platforms: MT4, Web, Mobile. Why trade forex with HotForex. Quick info Founded: Regulator: CySEC — Cyprus, FSCA — South Africa, FCA — UK. From 1. Why trade forex with ForexTime.

Best Forex Brokers in Kenya that Accept MPesa,Trading Articles

17/02/ · 10 Best Forex Brokers With Mpesa HotForex FxPesa by EGM Securities XM Forex Pepperstone Markets Kenya LiteForex Exness SuperForex FXTM (aka ForexTime) Grand 08/05/ · 10 Best Forex Brokers in Kenya With Mpesa ( List) XM Forex – Huge Deposit Bonus (Up to $ in bonuses) Pepperstone Markets Kenya. FxPesa – Best Mpesa Forex 10 rows · Some FX Brokers offer M-Pesa in a co-operation with DusuPay or iPay, which are Forex brokers that accept MPesa in Kenya include, HotForex, FXPrimus and Naga. MPesa is a mobile money transfer service that has been introduced in Kenya as an alternative to the 25/05/ · 6 Best Forex Brokers in Kenya that Accepts MPesa. FxPesa – Local Regulated Forex broker that accepts MPesa; Exness – Trade Forex with Tight Spread using MPesa; 6 rows · 26/08/ · HotForex is a well-regulated forex broker in Kenya that accept MPesa, licensed by one Tier 1 ... read more

Customer Support offered by FXPesa is good. You should start by learning forex trading. Higher options of currency pairs available for trading forex. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Manage consent. It does not store any personal data.

HotForex has a minimum deposit of KES via MPesa. cookielawinfo-checkbox-performance 11 months This cookie is set by GDPR Cookie Consent plugin. It is important that you trade with well-regulated brokers. There is a high risk that you could lose your deposits with such broker. ExnessXMHotforexand Forextime FXTM are the forex brokers that accept Airtel Money from traders who live in any of these countries: Uganda, Kenya, Forex brokers that accept mpesa Faso, Democratic Republic of Congo DRCCongo Brazzaville, Gabon, Ghana, Nigeria, Malawi, Chad, Niger, Rwanda, Seychelles, Sierra Leone, forex brokers that accept mpesa, Tanzania, Zambia, Madagascar, Bangladesh, India, and Sri Lanka.