Within the realm of financial trading, cTrader is a well-respected and widely used trading platform. It was established in 2010 by Andrey Pavlov and Ilya Holeu, two of the creators of Spotware.
This multi-asset CFD and Forex trading platform has several features, some of which include quick entry and execution, rich charting tools, different order types, level II pricing, and more.
Traders in Kenya who are interested in an advanced trading software environment may find that cTrader, with its friendly user interface that can be accessed through web browser, phone, or download, is an excellent alternative to consider.
1. Pepperstone
Overview
In addition to providing access to an ECN through cTrader, Pepperstone is one of the few forex brokers that offers an implementation of DMA, which stands for direct market access.
Practically all forex traders have a high degree of faith in this product because the broker is regulated by both the FCA and the ASIC and offers one of the best cTrader platforms.
Pros and Cons
Pros No minimum deposit Low trading fees for forex No added costs for withdrawals or deposits | Cons Limited number of instruments No additional research tools |
Features
Feature | Information |
Regulation | FCA, ASIC |
Minimum deposit from | AUD200 |
Average spread from | 0.4 pips |
Commissions from | $3.76 commission per lot per trade |
Deposit/Withdrawal Fees | None |
Maximum Leverage | 1:500 |
Bonuses | None |
Customer Support | 24/5 |
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2. IC Markets
Overview
One of the forex brokers in Australia with the most rapid expansion is IC Markets, which offers one of the best cTrader platforms. IC Markets is an electronic communication network (ECN) broker that has its headquarters in Sydney and has offices across the world. It is widely considered as one of the most successful forex brokers in the world. IC Markets is a fantastic option for Kenyan traders because of the large range of trading platforms available (including cTrader) and the high quality of the company’s customer support.
Pros and Cons
PROS | CONS |
Low forex fees Easy and fast account opening Free deposit and withdrawal | No Negative Account Balance Protection Limited number of available CFDs |
Features
Feature | Information |
Regulation | ASIC |
Minimum deposit from | $200 |
Average spread from | 0.0 pips |
Commissions from | None |
Deposit/Withdrawal Fees | None |
Maximum Leverage | 1:500 |
Bonuses | None |
Customer Support | 24/7 |
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3. FP Markets
Overview
FP Markets is a CFD and FX broker that has been in business for a long time. There are over 10,000 different CFDs to choose from, and spreads begin at 0.0 pip.
As a result of the broker’s direct access to its top liquidity suppliers, Kenyan traders have the opportunity to benefit from a sizable liquidity pool comprised of licensed financial institutions.
Pros and Cons
PROS | CONS |
Low forex fees | High stock CFD Fees |
Streamlined and fast account opening process Fast processing for deposits and withdrawals | Limited product portfolio |
Features
Feature | Information |
Regulation | Australian ASIC, Cypriot CySEC, SCB |
Minimum deposit from | $100 |
Average spread from | 0.5 pips |
Commissions from | $55 monthly commission for IRESS Trader users only |
Deposit/Withdrawal Fees | None |
Maximum Leverage | 1:500 |
Bonuses | $30 Welcome Bonus |
Customer Support | 24/5 |
4. FxPro
Overview
FxPro is well regarded, and the fact that it has more than 870,000 customers in 173 countries places it among the largest on the market. Forex, equities, indices, futures, metals, and energy are some of the other asset classes that are available to trade through FxPro. The execution approach of the company does not involve a dealing desk in any way.
Pros and Cons
PROS | CONS |
Wide selection of market instruments | |
Client funds stored in segregated accounts Low trading fees |
Features
Feature | Information |
Regulation | FCA, CySEC, FSCA |
Minimum deposit from | $100 |
Average spread from | 1.7 pips |
Commissions from | $45 per million USD traded. |
Deposit/Withdrawal Fees | 1.6% for debit and credit card |
Maximum Leverage | 1:500 |
Bonuses | None |
Customer Support | 24/5 |
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