TOP 5 Binary Options Brokers in Kenya
Finding the right binary options broker in Kenya is a very difficult task. Binary options in this country are not regulated in any way, which means that any broker who wants to provide their services to Kenyans can do so without any legal restrictions. This leads to a situation where there are a great many platforms on the market, but most of them are not worth attention as their sole purpose is to defraud the customer and extort money. Therefore, when choosing a binary options broker, you need to be very careful and pay attention to the broker’s reputation. To make this process easier for you, we have prepared a ranking of the best brokers who accept Kenyan clients.
Quick Pick:
Best for Beginners: Pocket Option
Most Trusted: Binomo & IQ Option
Low Deposit: Binarium
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As you can see, the choice is great. Each of the brokers mentioned has been thoroughly checked by us and on our website you will find a full review with an overview of all the features. I think in most cases, IQ Option will be your best bet with the highest returns in the industry. However, if you are looking for a mobile trading broker, Expert Option will be the best choice. If you are interested in functions such as copying traders, trading signals, bonuses or cashbacks, choose Pocket Option. If you are a complete beginner and are looking for a broker with the lowest initial margin and ready strategies, choose Binarium. However, if you want a simple platform with effective trading signals, choose Quotex.
IQ Option
IQ Option is the most recognizable broker in the world. The platform was established in 2013 and quickly gained popularity thanks to its innovative approach to trading binary options. IQ Option was the first broker to offer users a modern platform with many indicators and chart analysis tools. Over the years, the broker has been gaining more and more licenses and at the moment the broker is regulated by 7 entities. In the eyes of traders, this is the safest platform you can use. Unfortunately, the regulations also have negative consequences – the broker does not offer trading signals, bonuses, cashbacks or an account manager. On the other hand, on the platform you will find the highest returns in the industry and high security.
- Regulation: Yes, CySEC, FCA, CONSOB, REGAFI, AFM, CNB, CNMV
- Minimum Deposit: $10
- Minimum Trade: $1
- Bonus: None
- Payouts: 98% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes, Android & iOS
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- Kenyan Traders: Accepted
Expert Option
Expert Option was established in 2014 and in the first years of operation it competed with IQ Option. Over time, Expert Option took a different path of development and focused on niche countries and developing the mobile application. At the moment, the Expert Option app is considered the best for mobile trading. The browser platform is also great – you’ll find plenty of indicators, tools and social trading there. One is the mobile application that is the most characteristic feature of this broker. If you are looking for a platform with high returns (slightly lower than IQ Option) and the best mobile application, choose the Expert Option broker.
- Regulation: Yes, IFMRRC
- Minimum Deposit: $50
- Minimum Trade: $1
- Bonus: None
- Payouts: 90% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes, Android & iOS
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- Kenyan Traders: Accepted
Pocket Option
Pocket Option is a binary options platform that was established in 2017. The broker gained popularity very quickly and at the moment is the fastest growing binary options broker in the world. All thanks to the fact that Pocket Option offers everything in one. On the broker’s platform, you will find the trader copy feature, trading signals, bonuses, cashbacks, achievements and much more. In addition, the broker is regulated by IFMRRC, which guarantees that your funds are safely stored and Pocket Option offers the highest quality services. The more you deposit, trade and withdraw, the more gems you earn, which you can exchange for risk-free trades, cashbacks and bonuses. If you are looking for a modern broker that offers a very good trading platform with many features, choose Pocket Option. It is our number one in most countries.
- Regulation: Yes, IFMRRC
- Minimum Deposit: $50
- Minimum Trade: $1
- Bonus: Up to 50%
- Payouts: 95% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes, Android & iOS
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- Kenyan Traders: Accepted
If you open an account with this broker, you will receive a 50% deposit bonus!
Binarium
Binarium is the oldest broker on our list. The platform was established in 2012, but never gained such popularity as Expert Option and IQ Option. For many years, Binarium was poorly developed and the platform was outdated. Recently, the platform has undergone a facelift and has caught up with the competition. In our opinion, it is the best broker for beginner traders due to a small initial deposit (from $ 5) and a rich “Education” tab, where you will find many guides and 20 ready-made strategies for both beginners and advanced traders. If you are looking for a broker with a low initial margin and extensive educational background, choose Binarium.
- Regulation: No
- Minimum Deposit: $5
- Minimum Trade: $1
- Bonus: Up to 100%
- Payouts: 95% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- Kenyan Traders: Accepted
Quotex
Quotex is the youngest broker on our list. The platform was established in 2020 and is considered by traders as an alternative to Pocket Option. Quotex is famous for its trading signals that are up to 87% successful. In addition, the broker offers a modern trading platform with lots of indicators and tools. In the “Market” tab, you can buy cashbacks, risk free trades and bonuses. Just like Pocket Option. If you are looking for a good alternative to the previously mentioned platforms, Quotex will be a great solution for you.
- Regulation: No
- Minimum Deposit: $5
- Minimum Trade: $1
- Bonus: 100%
- Payouts: 90% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
- Kenyan Traders: Accepted
If you open an account with this broker, you will receive a 30% deposit bonus!
Binary Options Brokers in Kenya – Conclusion
As you can see, the choice of binary options brokers in Kenya is very large. Each of the platforms listed here has a free demo account. To open an account, all you need to do is go to the broker’s website, click the “register” button and enter your email address and password. Payment of the deposit and trading takes place without unnecessary formalities. If you want to withdraw money, you will need to verify your account. To verify your account, you must send a photo of documents that prove your identity and address. These can be: ID card and electricity bill. Verification is necessary with every broker in the world because it protects platforms against money laundering.