Forex trading in Kenya has grown significantly, with traders looking for reliable and regulated brokers. Exness Kenya stands out as one of the best forex brokers, offering competitive trading conditions, a user-friendly platform, and seamless transactions.
Whether you are a beginner or an experienced trader, Exness Kenya provides a wide range of trading instruments and powerful tools to help you maximize your potential in the forex market.
This review provides a detailed look at Exness Kenya, covering its features, regulations, trading accounts, fees, downsides, customer support, and why they might just be the best brokers for your forex trading career.
Brief Overview of Exness Kenya
Exness is a globally recognized forex broker known for its transparency, low trading costs, and advanced trading tools. The company has been in the forex industry since 2008 and serves traders across different regions, including Kenya.
Exness offers a range of trading instruments, including forex, commodities, stocks, and cryptocurrencies. The platform is designed to provide seamless trading experiences with high liquidity, fast execution speeds, and minimal slippage. With millions of active users worldwide, Exness has built a reputation as a trusted broker.
Exness Regulations Globally
Before engaging with a broker, one might look for information that might make them comfortable dealing with them. Well, with Exness Kenya, we have compiled a list of territories they are regulated and licensed to operate in, including Kenya.
- Financial Sector Conduct Authority (FFSCA)—South Africa
- Cyprus Securities and Exchange Commission (CCySEC)—Europe
- Financial Conduct Authority (FCA) – UK
- Seychelles Financial Services Authority (FSA)
- The Central Bank of Curaçao and Sint Maarten (CBCS) regulates offshore financial services.
- Financial Services Commission (FFSC)—British Virgin Islands—oversees international forex trading operations.
- Capital Markets Authority (CMA): Registered in Kenya as Exness Kenya under License Number 162.
These regulatory bodies ensure that Exness complies with financial and trading regulations, enhancing the safety of traders’ funds. If you are looking for a CMA-regulated broker in Kenya with a global footprint as well, Exness Kenya is one of the many available options that works in Kenya.
Exness Kenya Account Opening and Verification
The account opening process is quite straightforward, as illustrated below.
- Head to the Exness Kenya website and click the Register button.
- Fill in your email address and create a password. Select the checkbox confirming you are not a US citizen, then Continue.
- You will be now on the dashboard. Click Complete profile to get down with the account opening and verification in one sitting.
- Following the steps, you will be prompted to verify your email and phone number.
- The next information you will be asked to input is your personal information like name, date of birth, and address, then click Continue.
- At this point, you have completely registered your account. However, to get full platform functionalities, it is advisable to complete KYC verification to remove the $2,000 deposit limit for an unverified account.
Exness Kenya KYC Verification
KYC (Know Your Client) involves uploading your proof of identity documents and proof of residence documents. These are usually asked for compliance and safety reasons. Accepted ID documents include national ID, passport, or driver’s license. While accepted proof of residence documents include bank account statements, credit card statements, utility bills, and residence permits. More documents are highlighted when you reach that part.
To get started, simply upload clear front and back photos of your identity document. The challenging part is always verifying the proof of residence documents. This is due to the fact that most Kenyans use P.O. box numbers, and this is not allowed for address verification. To get around this, you can make slight edits to your document before uploading. Also, make sure that the information you filled in during the registration process matches the information on your proof of residence address.
Different Account Types
Exness offers various account types tailored for different traders.
- Standard Account: Ideal for beginners, offering low spreads and no commission. This account type is suitable for traders who want a simple trading experience with minimal costs. It provides access to a wide range of instruments and allows traders to execute trades without incurring additional commission fees.
- Standard Cent Account: Designed for new traders who prefer micro-lot trading. This account allows users to trade in smaller volumes, making it an excellent choice for those who want to practice risk management and gain trading experience without significant financial exposure.
- Raw Spread Account: Offers ultra-low spreads starting from 0.0 pips but includes a commission per trade. This account is ideal for traders who prefer tight spreads and are comfortable with paying commissions for reduced trading costs. It is a great choice for scalpers and high-frequency traders.
- Zero Account: Provides zero spreads on major forex pairs and is commission-based. This means traders can enjoy fixed spreads of 0.0 pips on selected instruments, making it perfect for those who need price certainty, such as news traders and institutional investors.
- Pro Account: Features no commissions with tight spreads, making it ideal for experienced and professional traders. This account type allows for flexible trading with improved order execution speeds and lower trading costs. It is best suited for traders who trade large volumes and require high efficiency in their transactions.
- Demo Account: The demo account is a valuable tool for both beginners and experienced traders looking to refine their strategies without risking real money. It provides access to real-time market conditions, allowing users to practice forex trading in Kenya with virtual funds.
Depositing and Withdrawals
Exness Kenya provides fast and convenient deposit and withdrawal methods. The broker supports local payment methods, including M-Pesa, which is widely used in Kenya.
The Different Deposit and Withdrawal Methods
- Mpesa: Fast and convenient for Kenyan traders, allowing instant deposits and withdrawals.
- Credit/Debit Cards: Visa and Mastercard are accepted for quick transactions.
- Bank Transfers: Available for large deposits and withdrawals.
- E-Wallets: Neteller, Skrill, and Perfect Money provide additional funding options.
- Cryptocurrency Payments: Supports Bitcoin and other crypto transactions for added flexibility.
One of the key advantages of Exness is its instant deposits and withdrawal processing, which allows traders to access their funds quickly without unnecessary delays.
Focusing on Kenyan traders, the main query would be how to deposit and withdraw funds to your Exness Kenya account via M-pesa.
How to Deposit to your Exness Kenya account via M-pesa
- On your account dashboard, press Deposit.
- Choose M-Pesa as your deposit method
- On the M-pesa prompt, you will be asked to enter your mobile number and amount
- A summary page about your deposit will appear; if you agree with the terms, press confirm payment
- Make sure to have your phone with you to input your M-Pesa PIN.
- Upon entering your PIN, funds will be transferred from your M-Pesa wallet and credited into your Exness account in no time.
Exness Kenya minimum deposit stands at $10, which might translate to about KSH. 1,300 depending on the current exchange rate.
How to Withdraw from Exness Kenya to M-Pesa.
Just like the deposit process, withdrawing your earnings is fairly straightforward as well;
- In your Exness dashboard, select Withdrawal then M-Pesa
- Enter your M-Pesa number and the amount
- Confirm your withdrawal request
- The money will land directly in your M-Pesa account within minutes. Very quick and conveninent
Depositing and withdrawing to and from your Exness Kenya account is beneficial in that;
Its is quick- transactions are processed in minutes.
The fees are low- You are only charged the standard M-Pesa charges.
High limits- Withdraw upto Ksh. 70,000 straight to your M-Pesa
Avoids the conversion fees by transacting in Kenya shillings.
Trading Fees and Other Fees on the Platform
Exness Kenya has a transparent fee structure:
- Spreads – Competitive, starting from 0.0 pips on some accounts.
- Commissions – Charged on Raw Spread and Zero accounts, ensuring tight spreads.
- No Deposit or Withdrawal Fees – Except for third-party provider charges.
- Overnight Swap Fees – Applied to trades held overnight.
- Inactivity Fees – No charges for inactive accounts, unlike some competitors.
The low trading costs make Exness an attractive choice for traders in Kenya. The fees are also openly highlighted, making you aware of the adjustments you have to make.
Analytic Tools on the Platform
One factor that makes one a good trader is their ability to analyse trading data and make informed decisions. Exness Kenya platform is loaded with analytic tools that can make you trade better and wisely.
- Technical indicators – Moving averages, RSI, and Bollinger Bands to enhance trading strategies.
- Economic Calendar – Helps traders track market events and make informed decisions.
- Trading Central – Provides market insights, helping traders identify potential opportunities.
- Market Sentiment Analysis – Allows traders to gauge trends and make informed trading decisions.
- Exness investment calculator- Helps traders estimate their potential earnings based on lot size, leverage, and trading instruments. This tool is useful for risk management and trade planning.
Partners Program
Exness Kenya also offers a partnership program that allows traders to earn commissions by referring new users. It includes:
- IB (Introducing Broker) Program – Earn rebates from referred traders.
- Affiliate Program – Commissions based on trader activity.
Affiliate programs are a great way of making good passive income when people join a recommended program. It becomes even easier when the product you are recommending is actually a good one, in this case, the Exness Kenya platform.
Exness Kenya Customer Service
Customer service makes or breaks a brand. With exness Kenya, they have various avenues to address customer complaints. If you are unsure of how to contact Exness in Kenya, the options below are the most common and quick methods.
- Live Chat – Available on the website, offering real-time assistance.
- Email Support – Fast response times for technical and account-related inquiries.
- Phone Support – Direct communication with support agents.
- Help Center – A comprehensive FAQ section for quick solutions.
Effectiveness of the customer service avenue can also be affected by the severity of your issue. The chatbot can help with basic navigation and account issues, but can fail to comprehend more serious issues. If the chatbot isn’t satisfactory, you will be transferred to the live chat option where you will talk to a live agent.
A live agent can be very helpful, but sometimes long waiting lines can make the service delivery a little slow. However, if you prefer phone calls, they have a telephone line you can call for further assistance.
Finally they have an office in Nairobi, where you can be assisted in more serious matters.
Exness Kenya Final Verdict
As a seasoned trader in Kenya, I’ve found Exness to be refreshingly accessible compared to other platforms I’ve used starting with their simple account opening and verification process. The $10 minimum deposit removed any significant barrier to entry, allowing me to test their execution quality without committing substantial capital. What truly stands out is their support for KES as a base currency—I can’t overstate how much this saves on conversion fees that silently eat into profits with other brokers.
In regards to forex trading in Kenya, their negative balance protection and Deloitte audits have provided sufficient peace of mind. The trading conditions on their Pro accounts are particularly impressive; I’ve experienced tight spreads and reliable execution even during volatile market conditions. Their MT5 implementation is solid, though I primarily use their Exness Terminal for its cleaner interface and integrated TradingView charts.
Their local payment options are a game-changer—instant deposits and withdrawals via M-Pesa have eliminated the frustrating waiting periods I experienced with previous brokers.
The Swahili customer support has proven surprisingly responsive, even during weekend trading sessions. They can be slow sometimes, depending with your issue but noting too major to complain about.
My only word of caution would be regarding their extreme leverage options—a feature I’ve learned to approach with discipline after some early mistakes.
Overall, Exness has become a primary platform and among the best for accessing global markets from Kenya.