Exness Kenya - The Best CFD Broker in Kenya
Over the last two years, several forex brokers have obtained licenses from Kenya's Capital Markets Authority - among them Exness.
The broker provides online CFD trading on its powerful trading platform. It supports more than 100 forex pairs, 30 cryptos, precious metals, energies, and stocks.
Online CFD trading
CFDs offer an accessible way to trade the world's financial markets without needing a significant financial commitment. Furthermore, they're user-friendly and often come with low minimum costs of trades - making them ideal even for beginners.
CFD trading offers you access to a wide range of assets, such as forex, commodities, stocks and indices. You have the freedom to select any market and decide whether you want to go long or short with each offering its own set of trading conditions. Plus you have the option of using leverage if desired in order to boost your profits even further.
Trading CFDs carries with it the potential risk that you could lose more than your original investment if something goes awry. Fortunately, there are safeguards in place to protect you from this outcome; such as negative balance protection which prevents your account from dropping below zero should a large sum of money be lost during trades.
Exness' comprehensive trading platform gives you insight into what's happening on the global financial markets, so that you can make informed decisions about your investments. Plus, traders have the freedom to develop their own trading robots and indicators with MetaTrader 5 software.
Live accounts can be funded with more than 50 base currencies and several payment methods such as bank cards, local payment systems and internal transfers.
Additionally, the broker's mobile apps offer traders a host of features like trading orders and interactive charts. Compatible with both iOS and Android devices, you can access your account anytime you go - it truly feels like being home!
The broker offers an affiliate program, enabling you to place registration links on your own resources and earn a commission for every trader that opens an account. This is an effective way to attract new customers with potentially large payouts: up to $1,770 could be earned for each referred customer who deposits with at least $10 as their minimum first-time deposit.
Exness Kenya provides traders with a selection of deposit and withdrawal methods, such as Mpesa, local banks, internet transfers, mobile payments, e-wallets, and credit cards.
Some methods are instant, while others may take up to 72 hours before funds appear in your account. Traders should select whichever option works best for them.
Mpesa, for instance, is a widely-used deposit method in Kenya that many traders rely on for their trading needs. Unfortunately, Mpesa can occasionally disappear from a broker's trading platform, leaving traders without funds.
To make a deposit on the Exness website, traders must enter their personal information. They should provide proof that they own the account in question in order to guarantee any profits are returned back to the source of investment.
Exness offers several popular payment methods, such as Bitcoin, SticPay, Tether and credit/debit cards for deposit and withdrawal. It also supports various e-wallets like Neteller, Skrill and Perfect Money.
At Exness, traders have several account types to choose from: Pro and Zero accounts offer maximum leverage of 1:2000; additionally, there is a Standard Account as well as the Raw Spread Account which offers minimum commission-free spreads as low as 0.6 pips on EUR/USD pairs.
For traders who wish to start with a smaller initial investment, a demo account is ideal as they can test their strategy without risking actual money. Furthermore, there are some advanced tools available which will help improve skills before trading live.
Exness trading platform is an ideal option for traders seeking a secure and trusted environment to trade forex. With its global reach and superior customer support team, Exness offers traders peace of mind when trading.
A reliable customer support system is essential for any online trading experience. Being able to contact the team of experts should you have questions about your account or require help with a particular strategy. Make sure the broker has a phone number in your country so that you can receive assistance promptly.
One of the greatest advantages of online forex trading is its accessibility; you can work from any location at any time. Plus, there are low minimum deposit requirements and free telephonic support when needed. Some of Kenya's premier forex brokers include Pepperstone, XM, Exness and AvaTrade, among others. All are excellent choices with a range of trading options and products designed with traders in mind. Kenyan traders can select from several reliable platforms and take advantage of competitive fees, superior execution, and an array of trading tools and features. AvaTrade stands out with its cutting-edge technology and team of dedicated traders and customer service representatives - making it the ideal choice for anyone looking to invest their money wisely.
Always trade responsib
When trading CFDs, there are numerous factors that you must take into account. These include how much money you want to invest, the time frame and risk-reward ratio. Different strategies can also help maximize your trades' success; however, one of the most essential things you can do is always trade responsibly.
It is essential to be aware of the potential risks involved with CFD trading and be able to spot when someone is taking advantage of you or if their broker is a scam. The CFD market can be highly volatile, meaning you could potentially lose a substantial amount of money quickly if not handled properly.
Therefore, it is imperative to exercise caution when selecting a forex broker and make sure they are licensed by the Capital Markets Authority (CMA). In Kenya, there are only four CMA regulated brokers: EGM Securities for FXPesa; SCFM Limited for Scope Markets; Pepperstone; and Exinity Capital East Africa Ltd.
Furthermore, it's essential to select a CFD broker with local presence and an excellent reputation. Furthermore, take time to compare forex brokers in order to decide which one best suits your needs.
Another important consideration when choosing a broker is the fees charged by them. Sometimes these costs can be excessive and could cost you more money than you put in. Therefore, it's wise to steer clear of any broker with excessive charges or tempting bonuses.
An untrustworthy forex broker or its owners may take advantage of you by using your funds for their own gain, leaving you without recouping what you invested with them. Furthermore, be wary of brokers promising huge returns on small investments; this could be indicative of a scam.
There are many reasons to avoid gambling with your hard-earned money in the forex markets, but one of the most significant is that you cannot accurately predict where it will go next. This especially holds true if you are new to this arena. Therefore, patience and waiting for an advantageous opportunity should always be your top priority.