Ten broker apps compared on the four facts that decide which one you can use: what it costs to start, what one trade costs, what a win pays, and who licenses the broker.
Registers used: SEC Nigeria · CySEC · MFSA · VFSC
The Capital Markets Authority licenses online forex and CFD brokers in Kenya. Fixed-time trading is not licensed by the CMA, and none of the apps here holds a Kenyan licence. Each card shows the regulator we could find in a register, with the date we checked it.
Deriv at $5, then Pocket Option at $5. Use the deposit filter to see everything within your budget.
Several of these brokers accept M-Pesa through a payment partner rather than directly, and availability changes without notice. Check the deposit screen before you register — we do not list a payment method we cannot confirm on the day.
Because it is paid placement and hiding that would make everything else on the page worth less. The facts next to it are checked the same way as every other card, and where our partner has no licence on record the card says so.
Deriv, Pocket Option, IQ Option, Olymp Trade, Binomo, Expert Option appear in a regulator's register. Stockity, Quotex, Exnova, BinaryCent do not, and the cards say so.
Only take the file from the broker's own website, and turn “install unknown apps” back off afterwards. An APK from a forum or a mirror is not the same application.
Every broker is rechecked monthly; this page was last verified on 12.10.2026 and is next due on 11.11.2026.