Quick List
Before trading with real money, you should test the forex app to ensure the tools work.Our testing is based on criteria such as regulation, technical analysis tools, fundamental analysis tools, user interface, & account management.
#1. Exness Trade App– Best Forex Trading App in Kenya
The Exness app is legitimate because Exness is regulated by the Capital Markets Authority (CMA) Kenya.
Exness Forex Trading App Download
- Android Phone Users – get it from the Google Play Store
- iPhone Users – get it from the Apple Store
- Huawei users – get from Huawei App Gallery
Account management is built-in so you can open, close, &fund your forex trading account from within the app.The Exness minimum deposit is $10.
Exness App Technical Analysis Tools
- Chart types – MT5 Charts, TradingView Charts, & Customized Exness Charts
- Time frames – Minutes, Hours, Day, Week, Month
- Line Drawing Tools – Yes
- Fibonacci Tools – Yes
- Technical Indicators – Over 50+
Toget the best out of your technical analysis on the Exness app, switch to TradingView charts to access a broader range of tools.
Line drawing toolson the app help you draw resistance & support lines as well as trend lines. Larger chart time frames give you a Birdseye view of the market & smaller timeframes let you zoom in on the market.
Technical indicators such as Fibonacci Retracement help you time your entry & exit points. The HigherMargin Requirement (HMR) Indicator alerts you of periods when additionalmargin may be required by Exness.
Exness App Fundamental Analysis Tools
- Economic Calendar
- Top News from FXStreet
Fundamental traders can use the in-app economic calendar to stay informed about upcoming events that can impact markets. You can sort the events by order of volatility, and by country.
News is displayed according to the instruments you selected on your favorites list, and you can also view general news for all instruments.
| ✅ Pros | ❌ Cons |
| Good Technical Analysis Tools | User interface can use bigger font sizes |
| Live market sentiment | No auto chart rotation |
| Multiple built-in trading terminals | |
| Exness demo accountfor testing the app | |
| Accepts Mpesa | |
| Account deletion button | |
| Change leverage button |
Visit Exness to download the app & open account in KES or USD currency
#2. FxPro Direct App–Best Forex Trading App in Kenya for Scalpers
The FxPro Direct app is brought to you by FxPro Global Markets who are regulated in South Africa, UK, & the Bahamas. The minimum deposit for opening an FxPro account is $100.
The FxPro Direct app is good for scalpers because it has settings such as Quick Trade Mode for getting into the market fast, &Quick Close Mode for closing trades fast without any additional confirmation. You can also buy/sell from the instrument menu.
On the instrument panel there is the “Active Now” category that tells you which instruments are being traded at the moment.
FxPro Direct Forex Trading App Download
- Android users –Google Play Store
- iPhone users –Apple Store
- Huawei users – Not available
To use the FxPro Direct trading app, you need to open at least a Standard Account which requires a $100 minimum deposit.
FxPro Direct Technical Analysis Tools
- Chart types – TradingView chart design
- Time frames – Minutes, Hours, Day, Week, Month
- Line Drawing Tools – Yes
- Fibonacci Tools – Yes
- Technical Indicators – Over 50+
FxPro Direct Fundamental Analysis Tools
The economic calendar lets you sort events by selecting the currency you want to trade or by selecting the importance level. Extremely important events are characterized by three red dots. However, there is no news & market analysis on the app.
| ✅ Pros | ❌ Cons |
| FxPro demo account for testing the app | No CMA regulation |
| You can Buy/Sell from any part of the FxPro app | Insufficient tools for fundamental analysis |
| Quick close mode to exit the market before it’s too late. | No live sentiment |
| Instruments are placed in various categoriesfor easy sorting | |
| Great technical analysis tools | |
| Accepts MPesa |
Register with FxPro to try out their scalping tools
#3. HFM App– Best Forex App in Kenya for Fundamental Analysis
HF Markets are a CMA licensed forex broker and the HFM App is their flagship prop trading platform. The minimum deposit to start trading on the HFM app is 700 KES.
HFM Forex Trading App Download
- Android users –Google Play Store
- iPhone users –Apple Store
- Huawei users – Not available
HFM Technical Analysis Tools
- Chart types – Candlestick, Line, & Area
- Time frames – Minutes, Hours, Day, Week, Month
- Line Drawing Tools – No
- Fibonacci Tools – No
- Technical Indicators – Moving Average, Bollinger bands, RSI, MACD
HF Markets traders who need advanced technical analysis tools will need to download the HFM MT4 platform because on the HFM app, only basic technical analysis tools are available. The HFM app does not have sufficient technical indicators & there are no drawing tools.
HFM Fundamental Analysis Tools
- Economic Calendar
- News from FX Street
- HFM Analysis
The HFM app has the best fundamental analysis tools for beginners. The economic calendar filters events by country, central bank, capital flow, economic activity, holiday, auctions, politics, interest rates etc.
News is courtesy of FX Street & HFM analysts also dissect the market and their findings are shared with you on the app.
| ✅ Pros | ❌ Cons |
| CMA regulation | Economic calendar does not show past events |
| Demo account | Inadequate technical analysis tools |
| Research & News | No live sentiment |
| Accepts MPesa | |
| Trading calculators | |
| Copy trading | |
| Change leverage button |
Visit HF Markets to register & download the app
#4. Equiti Trader – Best Forex Trading App in Kenya for Beginners
EGM Securities are CMA licensed brokers & the Equiti Trader is their homegrown trading software. EGM securities trades as FXPesa & their CMA license number is 107.
FxPesa does not have a minimum deposit so you can deposit any amount you have into your trading account.
Security features such as fingerprint scanner & pattern recognition are embedded. The layout theme includes light & dark mode.
Off-screen lock can be activated or deactivated so once you leave the app, you need to reenter your login details to regain access. Live Chat has been included so you can get help without exiting the app.
You can easily add & remove instruments from your watch list with the click of a button, but the watch list does not display a mini-image of the chart for the instrument.
Account opening & document upload does not take place on the Equiti Trader app, you instead get redirected from the app to the FXPesa portal/website.
On the charts, you can easily change from the existing chart to TradingView charts by clicking an icon. Screen rotation is fast and requires you just tilting your phone.
Orders can only be imputed as Lots (some rival apps offer lots, units, and amount).
Technical Indicators numbering more than 60 are available. Pending Orders such as Stop Loss, Taker Profit, Buy Limit, & Stop Limit are also available.
| ✅ Pros | ❌ Cons |
| Accepts MPesa deposit/withdrawal | No 1-month chart time frame |
| TradingView charts | Account opening is lengthy |
| Drawing tools | No live sentiment |
| Multiple technical indicators | No economic calendar & market news |
| Instrument watch list | |
| Demo account | |
| CMA licensed app |
Visit FXPesa to download the app and learn more about their trading conditions
#5. Scope Markets MT5– Best Forex Trading App for Diversification
Scope Markets is a broker holding CMA Kenya licenses for forex trading & Nairobi Stock Exchange (NSE) derivatives trading.
MT5 is ideal not only for forex, but also for trading Stock CFDs because of its complex order management system.
Scope Markets MT5 allows you diversify your portfolio and spread out your risk by giving you access to Fractional Stock CFDs, Nairobi Stock Exchange Futures Contracts, Indices, & Commodities.
MT5 Trading App Download
- Android users –Google Play Store
- iPhone users –Apple Store
- Huawei users – Huawei App Gallery
MT5 Technical Analysis Tools
- Chart types – Candlestick, Line, & Area
- Time frames – Minutes, Hours, Day, Week, Month (21 Time Frames)
- Line Drawing Tools – Yes
- Fibonacci Tools – Yes
- Technical Indicators – 38+
Fundamental Analysis Tools
An economic calendar has been integrated into MT5 allowing you to keep track of financial news without leaving the app.
| ✅ Pros | ❌ Cons |
| Depth of Market | Withdrawal fees on the app |
| Trailing Stop Loss | Lengthy installation process |
| 21 Time Frames | |
| Community where you can chat with other MT5 users | |
| Strategy tester | |
| Demo account | |
| CMA license |
Visit Scope Markets for more information and app download
Forex Trading Apps Comparison for Kenya Traders
| 📂
App |
⚖Regulation | 💵
Min. deposit |
🚀 Leverage | 🆘
Support |
🛒Instruments |
| HFM App
|
CMA Kenya | KES 700 | 1:400 | 24/5 | FX, Commodities, Indices, Stocks, Bonds, & ETFs |
| FxPro Direct
|
Foreign-(SCB Bahamas, FCA UK) | 100 USD | 1:200 | 24/5 | FX, Shares, Metals, Indices, & Energies |
| Exness
|
CMA Kenya | 10 USD | 1:400 | 24/7 | FX, Metals, Energies, Stocks, Indices |
| Equiti Trader
|
CMA Kenya | None | 1:400 | 24/6 | FX, Indices, Commodities, Shares, & ETFs |
| Scope Markets
|
CMA Kenya | 100 USD | 1:400 | 24/5 | NSE Futures, FX, Shares, Fractional Shares, Indices, &Commodities. |
Forex Trading in Kenya using Mpesa
Mpesa is a mobile money solution that authenticates you using the information you supplied when registering your Safaricom sim card.
Mpesa eliminates the need to have a full-fledged bank account and aims to cater to the unbanked in remote areas.
You can download the MPesa app from google play store or apple store, register your Safaricom sim, and then fund your sim by giving cash to an MPesa agent.
From the MPesa app, you can send money to your forex trading account& also receive money from your forex trading account.
Best Forex Trading Apps in Kenya – FAQs
Which forex trading app uses MPesa?
Exness, HF Markets, FXPesa, FxPro & Scope Market forex trading apps all accept MPesa. However, FXPesa & FxPro don’t have KES base currency so you will pay currency conversion fees to change KES deposits to your preferred account base currency.
What is the best app to use for forex trading?
Exness, & HF Market apps are the best for forex trading because they are affordable, user-friendly, and have good risk management tools.
Can I do forex on my phone?
Yes, you can trade forex on your phone if you download a forex trading app and fund your account with the minimum deposit.
What is the best forex trading app for beginners?
The Equiti Traderforex app is best suited for beginners because it’s easy to understand & has lots of tools that make risk management more practical.
Which forex trading app has the lowest spread?
Exness, & Scope Market forex apps have low spreads.
What is the best stock market trading app?
Scope Markets MT5 app is the best stock trading app in Kenya, itlets you trade Fractional Share CFDs, &Futures contracts on Nairobi Stock Exchange shares and NSE25 Indices.
