Best MT4 Brokers
We've reviewed the best MT4 brokers in Kenya, and highlighted those that accept all Expert Advisors and trading styles. Visit their website to download MetaTrader 4 and get started.
By Stefan on 29/09/2023
Best brokers
- FXCC Best Forex Trading Account...
- NordFX Best Crypto Trading Platform...
- Pepperstone Best Forex Broker Overall -...
- JustMarkets Best Broker Asia 2022 - UF...
- LiteFinance Best ECN Broker Africa 2020
Broker reviews
FXCC is a regulated offshore broker with an ECN trading environment. There are no conflicts of interest, as FXCC.com doesn't trade against you. Trade CFDs on over 100 instruments with leverage up to 1:500, only on MT4. FXCC allows all trading styles and Expert Advisors.
$0 | 1:500 | Market | |
NordFX.com is a fully offshore Forex broker serving traders since 2008. Trade 33 currency pairs, crypto and more with flexible leverage up to 1:1000 on MetaTrader 4. We were able to open an account and start trading without ID checks.
- Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)* Availability subject to regulation.
- Platforms: MT4, Copy trading
- Regulators: Vanuatu
$100 | 1:1000 | Market | |
$10 | 1:1000 | Instant | |
$500 | 1:1000 | Market | |
Pepperstone.com is an award-winning broker regulated in 7 jurisdictions. Trade over 1,200 instruments on MetaTrader 4, 5, TradingView or cTrader. Pepperstone allows all trading styles, with no restrictions. We've been impressed by the quality of its customer service.
- Risk warning: Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
- Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD)* Availability subject to regulation.
- Platforms: MT4, MT5, cTrader
- Regulated entity (Kenya): Pepperstone Markets Kenya Limited
$200 | 1:500 | Market | |
$200 | 1:500 | Market | |
$200 | 1:500 | Market | |
$200 | 1:500 | Market | |
JustMarkets (formerly JustForex) is an offshore broker that allows you to trade over 170 instruments on low spreads, and high leverage up to 500 times your initial deposit. It accepts all trading styles on MetaTrader 4 and 5.
- Risk warning: Margin trading in the financial markets is speculative and implies a high level of risk, including full loss of deposit.
- Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)* Availability subject to regulation.
- Platforms: MT4, MT5, Copy trading
- Regulators: Cyprus (EU) , Seychelles
$1 | 1:500 | Market | |
$100 | 1:500 | Market | |
$100 | 1:500 | Market | |
$1 | 1:500 | Market | |
Trade CFDs on a wide range of markets on M4/5, with leverage up to 1:1,000 through LiteFinance.com. LiteFinance accepts all EAs and trading styles, including scalping and news trading. It's also the only broker that we know of, that pays up to 20% interest on your savings.
- Risk warning: 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
- Markets: Forex (CFD), Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)* Availability subject to regulation.
- Platforms: MT4, MT5, Copy trading, Mirror trading
- Regulators: Cyprus (EU) , Saint Vincent and the Grenadines
$50 | 1:1000 | Market | |
$50 | 1:1000 | Market | |
FxPro.com is a global broker, winner of 95+ awards including 'Best FX Service Provider' in 2023. Trade 250+ instruments across a wide range of asset classes on MT4/5 or cTrader. FxPro accepts all trading styles without restrictions.
- Risk warning: 79.28% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs and Spread Betting work and whether you can afford to take the high risk of losing your money.
- Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD)* Availability subject to regulation.
- Platforms: MT4, MT5, cTrader, Copy trading
- Regulators: Bahamas, Cyprus (EU) , South Africa, UK
$100 | 1:200 | Market | |
$1000 | 1:200 | Market | |
$1000 | 1:200 | Market | |
4xc.com is an offshore broker founded by Forex industry veterans that we have met personally. Trade Forex, metals, oil and stocks with leverage up to 1:500. 4XC accepts all trading styles and Expert Advisors on MT4/5.
- Risk warning: Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors as you could sustain losses in excess of your deposits. You should carefully consider your financial situation and experience level before trading.
- Markets: Forex (CFD), Cryptos (CFD)*, Indices (CFD), Metals (CFD), Energy (CFD)* Availability subject to regulation.
- Platforms: MT4, MT5
- Regulators: Cook Islands
$50 | 1:500 | Market | |
Exness.com is an offshore broker trusted by over 500,000 active clients. Trade Forex, crypto, commodities, stocks and indices on MetaTrader 4 or 5 with unlimited leverage. You may be able to avoid unncessary currency conversion fees by open a trading account in your local currency.
- Risk warning: CFDs are leveraged products. Trading in CFDs carries a high level of risk thus may not be appropriate for all investors. The investment value can both increase and decrease and the investors may lose all their invested capital.
- Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)* Availability subject to regulation.
- Platforms: MT4, MT5
- Regulated entity (Kenya): Tadenex Limited (License No. 162)
$100 | 1:500 | Market | |
$3000 | 1:500 | Market | |
$3000 | 1:500 | Market | |
$3000 | 1:500 | Instant | |
HYCM.com, formerly HY Markets, is an award-winning regulated online broker. Trade over 300 instruments on fixed or variable spreads over MetaTrader 4 or 5. We particularly like that you're entitled to attend live trading sessions with professional traders twice a week.
- Risk warning: 85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
- Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD)* Availability subject to regulation.
- Platforms: MT4, MT5
- Regulators: Cayman Islands, Cyprus (EU) , Saint Vincent and the Grenadines, UAE , UK
$100 | 1:500 | Instant | |
$100 | 1:500 | Instant | |
$200 | 1:500 | Instant | |
HFM.com, formerly known as Hot Forex, is an award-winning Forex and CFD broker, with accounts tailored to new and experienced traders. Trade a wide range of markets including Forex, stocks, indices and commodities through MT4 or MT5.
- Markets: Forex (CFD), Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD), Bonds (CFD)* Availability subject to regulation.
- Platforms: MT4, MT5, Currenex, Copy trading, Mirror trading
- Regulated entity (Kenya): HFM Investments Ltd (CMA No. 155)
$5 | 1:1000 | Market | |
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Unbiased Reviews
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At Your Service
Compare trading accounts and find the best one for you, based on your preferences.
MetaTrader is one of the most popular trading platforms in the world, with millions of traders using the platform to get real-time prices and trade from the charts. Here are 5 things to look for if you're looking for the best MT4 broker:
1. Range of markets
MetaTrader 4 allows you to trade a wide range of markets from a single platform, but this isn't to say that all MT4 brokers are alike. If you're primarily interested in Forex, you'll want to open an account with a broker that supports the largest possible number of currency pairs. FXCC allows you to trade CFDs on 70 currency pairs, across majors and minors such as the Turkish Lira, the Russian Ruble or the Chinese Yuan. If you'd like to find out more, read our broker reviews for side-by-side broker comparisons.
2. Expert advisors
MetaTrader 4 owes part of its success to Expert Advisors (EAs), trading bots that can monitor the market and even trade on your behalf. Download third-party robots or indicators from the MetaTrader 4 Market(1), or create your own if you have an interest in programming. Unfortunately, some MT4 brokers like AvaTrade place restrictions on your ability to use certain Expert Advisors. Others, like FxPro and FXCC allow all trading styles and place no restrictions on your use of Expert Advisors. If in doubt, ask your preferred broker about his support for Expert Advisors.
3. Execution
Trade execution matters when you're looking to open or close orders in fast-moving markets, especially around major news announcements or economic data releases. If you're new to trading, it's important that you familiarise yourself with the following concepts:
- Instant execution: the price you see if the price you'll pay (as long as that market price is still valid). When markets are volatile, that price may change suddenly. When this happens, your broker will quote a new price, that you can either accept or decline. This is known as a re-quote.
- Market execution: the price you'll pay is the market price at the time your order is executed. When markets are volatile, that price may differ from the one you expected to pay when you placed your order. This is known as slippage, and is a common occurrence in Forex trading.
New traders tend to prefer instant execution, because it provides greater certainty of pricing. Experienced traders tend to prefer market execution, because it provides greater certainty of execution. With FxPro, you can open an MT4 account with either instant or market execution - the choice is yours. In contrast, FXCC offers market execution with very low latency, over an electronic communication network.
To help you find the right account, we've clearly shown the execution type of each of the MT4 accounts featured on this page. However, if you'd like to find out more, why not take a look at our reviews of brokers with instant execution and market execution.
4. Customer support
Customer service can make all the difference between an outstanding and a disappointing trading experience. However, it can be one of the hardest things to assess from the outset. When comparing MetaTrader 4 brokers, look for one that provides a wide range of contact methods in your language. We’d also encourage you to contact customer support directly before opening an account. This will allow you to assess how responsive and helpful a broker genuinely is.
5. Investor protections
Finally, be mindful of the regulations your chosen broker abides by. Brokers regulated in the UK and EU are required to place your funds in 'segregated accounts', separate from their own. You'll also be able to access either a British or a European investor compensation fund should your broker go bust. In contrast, offshore brokers offer higher leverage, but tend to offer fewer investor protections and no access to a compensation fund.
If you're unsure about who to trade with, why not open a free account with 2 or 3 MT4 brokers listed on this page. This will allow you to try their service and assess their platform in a live trading environment. FxPro was crowned Best in Class MetaTrader Broker in the 2020 ForexBrokers awards(2), and FXCC was named Best MT4 Broker in the 2018 JFEX Awards(3).
- 1. MetaQuotes. Buy a robot or an indicator. https://www.metatrader4.com/en/market/robots-indicators
- 2. FxPro. FxPro Awards. https://www.fxpro.com/awards
- 3. FXCC. FXCC Awards. https://www.fxcc.com/awards
Featured Brokers
Best Execution
ECN XL Account
Trade CFDs on 70+ currency pairs, crypto-currencies, commodities and indices with leverage up to 1:... More
Best Conditions
ECN Account
Trade Forex on floating spreads from 0 pips plus commission on MT4 or MT5. Get started from a low $... More
Best Pro Account
Pro Account
Trade CFDs on Forex, crypto-currencies, stocks, indices, metals and energies with dynamic leverage ... More
- $3000 deposit
- 1:500 leverage
- 0.1 pips EUR/USD
- Regulators: BVI, Curaçao, Cyprus (EU) , Kenya, Mauritius, Seychelles, South Africa, UK