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To find the best international online brokers in Kenya, we went ahead and did the research for you. After testing, analyzing and comparing 78 brokers, 5 made it to the top. We highly recommend all 5 to you. And now, without further ado...

The top 5 picks for the best international online brokers of 2020 for citizens in Kenya:

  1. Interactive Brokers is the number one international online broker in 2020. Low trading fees. Wide range of products. Many great research tools.
  2. Saxo Bank is your runner-up. Great trading platform. Outstanding research. Broad product portfolio.
  3. Oanda rounds out the top three. Low trading fees. Great trading platforms. Outstanding research tools.
  4. IG, numero quatro. First-class web trading platform. Superb educational tools. Great deposit and withdrawal options.
  5. Trading 212. Real stocks and ETFs are commission-free. Quick and easy account opening. Great trading platforms. Just made it to the list at number five.
Best international online brokers of 2020 for citizens in Kenya
Broker Info Score Best in
#1 Interactive Brokers US discount broker 4.9 Best online broker
#2 Saxo Bank Danish investment bank 4.8 Best web trading platform
#3 Oanda US forex broker 4.4 Best mobile trading platform
#4 IG Global CFD and forex broker 4.5
#5 Trading 212 Global CFD and forex broker 4.6

What makes a good online broker? First of all, they must offer fair fees and have a good safety score. It should also be easy to open an account and deposit money. They should give you access to many products, and they need to have a great trading platform.

Easy to list, but hard to figure out. That’s why we are testing brokers along more than 100 criteria, using real accounts and real money. We know what's up. You can find all the ranking criteria in our methodology.

Not sure which broker? For a tailored recommendation, check out our broker finder tool. You can enter your country, and it will narrow down the list of brokers to those that are available where you live. Want more details? Compare brokers with this detailed comparison table.

And now, let's see the best international online brokers in 2020 for citizens in Kenya one by one, starting with the winner, Interactive Brokers.

Interactive Brokers Logo

#1 Best international online brokers for citizens in Kenya
Interactive Brokers

4.9

Interactive Brokers was founded in 1978 and is one of the biggest US-based discount brokers. The broker is regulated by several financial authorities globally, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).

As it has licenses from multiple top-tier regulators, Interactive Brokers is considered safe. Having a long track record and publicly disclosed financials while being listed on a stock exchange are also great signs for its safety.

Recommended for traders looking for low fees and a professional trading environment

Pros Cons
Low trading fees Complicated account opening process
Wide range of products Complex desktop trading platform
Many great research tools High inactivity fee

Open account

#1 Interactive Brokers
Fees
4.0

Interactive Brokers has low trading fees; for US clients, stock and ETF trading is free. On the negative side, there is a high inactivity fee for non-US clients.
Pros Cons
Low trading fees Inactivity fee
Free stock and ETF trading for US clients
Low margin rates
Interactive Brokers fees
Interactive Brokers Saxo Bank Oanda IG Trading 212
US stock $1.0 $10.0 - $15.0 $0.0
UK stock $7.8 $10.4 - $10.4 $0.0
EURUSD benchmark fee $11.2 $7.9 $14.6 $17.3 $20.2

All spreads, commissions and financing rates are for opening a position, holding for a week, and closing.

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#1 Interactive Brokers
Account opening
3.4

IB's account opening process is fully digital and the required minimum deposit is low. On the negative side, the process is complicated, and account verification takes relatively long.
Pros Cons
Fully digital Not user-friendly
No minimum deposit for most account types Confusing messages throughout the process
Interactive Brokers minimum deposit and time to open an account
Interactive Brokers Saxo Bank Oanda IG Trading 212
Minimum deposit $0 $10,000 $0 $0 $1
Time to open account 1-3 days >3 days 1-3 days 1-3 days 1 day

Open account More

#1 Interactive Brokers
Deposit and withdrawal
3.5

Interactive Brokers offers many account base currency options and one free withdrawal per month. The main drawbacks are that you can only use bank transfer.
Pros Cons
No deposit fee Credit/Debit card not available
Several account base currencies
First withdrawal each month free
Interactive Brokers withdrawal fee and options
Interactive Brokers Saxo Bank Oanda IG Trading 212
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No Yes Yes Yes
Electronic wallets No No Yes Yes Yes
Withdrawal fee $0 $0 $0 $0 $0

Open account More

#1 Interactive Brokers
Markets and products
5.0

Through Interactive Brokers you can access an extremely wide range of markets and all product types are available.
Interactive Brokers markets and products
Interactive Brokers Saxo Bank Oanda IG Trading 212
Stock Yes Yes No Yes Yes
ETF Yes Yes No Yes Yes
Forex Yes Yes Yes Yes Yes
Fund Yes Yes No No No
Bond Yes Yes No No No
Options Yes Yes No Yes No
Futures Yes Yes No No No
CFD Yes Yes Yes Yes Yes
Crypto Yes Yes No Yes Yes

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#1 Interactive Brokers
Web trading platform
4.3

Interactive Brokers's web platform is simple and easy to use, even for beginners. On the negative side, it is not customizable.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report
Two-step (safer) login
Best international online brokers for citizens in Kenya - Interactive Brokers trading platform
Interactive Brokers trading platforms
Interactive Brokers Saxo Bank Oanda IG Trading 212
Web platform score 4.3 stars 5.0 stars 4.5 stars 5.0 stars 4.9 stars
Mobile platform score 3.5 stars 5.0 stars 5.0 stars 5.0 stars 4.9 stars
Desktop platform score 3.0 stars 5.0 stars 4.5 stars - -

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#1 Interactive Brokers
Verdict

Interactive Brokers is one of the biggest US-based discount brokers, regulated by several top-tier regulators globally. We recommend this broker for advanced traders.

On the plus side, IB has low fees, a vast range of markets and products available with diverse research tools

There are some drawbacks though: there is a high inactivity fee and the account opening process is complicated. The desktop platform is complex and hard to get a handle on, especially for beginners.

If you have experience navigating complex platforms and enjoy transparent, low-cost trading, Interactive Brokers could be a great fit for you.

Interactive Brokers
Summary Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC.
Fees score 4.0 stars
Recommended for Traders looking for low fees and a professional trading environment

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Saxo Bank Logo

#2 Best international online brokers for citizens in Kenya
Saxo Bank

4.8

Saxo Bank, a Danish investment bank founded in 1992, provides online trading and investment services. The company is regulated by several financial authorities globally, including the Danish Financial Services Agency (FSA) and the UK Financial Conduct Authority (FCA). 

Saxo Bank is a global service provider and its subsidiaries are present in the form of separate legal entities in different regions of the world. The services offered by the various entities may differ slightly, especially with respect to fees and product portfolios. In this review, we tested Saxo Bank UK.

Saxo Bank is considered safe because it has a long track record, a banking background and is regulated by top-tier financial authorities.

Recommended for investors and traders looking for a great trading platform and solid research

Pros Cons
Great trading platform High bond, options and futures fees
Outstanding research High minimum deposit
Broad product portfolio Lacks live chat and 24/7 availability

Open account

#2 Saxo Bank
Fees
3.0

Saxo Bank has average trading and non-trading fees overall. Trading fees vary greatly between different asset classes.
Pros Cons
Low forex fees Inactivity fee
Low fund fees High bond, options and futures fees
No withdrawal fee
Saxo Bank fees
Interactive Brokers Saxo Bank Oanda IG Trading 212
US stock $1.0 $10.0 - $15.0 $0.0
UK stock $7.8 $10.4 - $10.4 $0.0
EURUSD benchmark fee $11.2 $7.9 $14.6 $17.3 $20.2

All spreads, commissions and financing rates are for opening a position, holding for a week, and closing.

Open account More

#2 Saxo Bank
Account opening
2.5

Saxo's account opening is fully digital, user-friendly and available in most countries. On the other hand, the minimum deposit is high in certain countries and account verification can take longer.
Pros Cons
Fully digital Minimum deposit is high in certain countries
User-friendly Slow account verification
Available in almost every country
Saxo Bank minimum deposit and time to open an account
Interactive Brokers Saxo Bank Oanda IG Trading 212
Minimum deposit $0 $10,000 $0 $0 $1
Time to open account 1-3 days >3 days 1-3 days 1-3 days 1 day

Open account More

#2 Saxo Bank
Deposit and withdrawal
4.8

Saxo provides multiple deposit and withdrawal options free of charge on a user-friendly interface.
Pros Cons
Credit/Debit card available Electronic wallets not available for deposit or withdrawal
Free withdrawal
No deposit fee
Saxo Bank withdrawal fee and options
Interactive Brokers Saxo Bank Oanda IG Trading 212
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No Yes Yes Yes
Electronic wallets No No Yes Yes Yes
Withdrawal fee $0 $0 $0 $0 $0

Open account More

#2 Saxo Bank
Markets and products
5.0

Saxo Bank's product portfolio covers all asset classes and a lot of markets globally. Mutual funds and crypto are the only areas where the selection could be improved.
Saxo Bank markets and products
Interactive Brokers Saxo Bank Oanda IG Trading 212
Stock Yes Yes No Yes Yes
ETF Yes Yes No Yes Yes
Forex Yes Yes Yes Yes Yes
Fund Yes Yes No No No
Bond Yes Yes No No No
Options Yes Yes No Yes No
Futures Yes Yes No No No
CFD Yes Yes Yes Yes Yes
Crypto Yes Yes No Yes Yes

Open account More

#2 Saxo Bank
Web trading platform
5.0

Saxo Bank's web trading platform is one of the best among online brokers. While it's easy to use, the platform also provides features tailored for professionals, such as an advanced order panel.
Pros Cons
User-friendly None
Clear fee report
Two-step (safer) login
Best international online brokers for citizens in Kenya - Saxo Bank trading platform
Saxo Bank trading platforms
Interactive Brokers Saxo Bank Oanda IG Trading 212
Web platform score 4.3 stars 5.0 stars 4.5 stars 5.0 stars 4.9 stars
Mobile platform score 3.5 stars 5.0 stars 5.0 stars 5.0 stars 4.9 stars
Desktop platform score 3.0 stars 5.0 stars 4.5 stars - -

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#2 Saxo Bank
Verdict

Saxo Bank is a great broker, providing a complex and good service.

It offers a user-friendly and well-designed trading platform, backed by great research. The product portfolio covers all asset types and many international markets.

It has some drawbacks though. The fees for bonds, options and futures are high. There is also a high minimum deposit for certain countries. Lastly, there is no live chat or 24/7 customer support.

In general, Saxo Bank is one of the best online brokerage companies out there. By opening an account, you will get a broad, well-developed service constantly adapted to the needs of clients.

Saxo Bank
Summary Saxo Bank is a Danish investment bank. It is regulated by more than 10 financial authorities, including the top-tier UK FCA.
Fees score 3.0 stars
Recommended for Investors and traders looking for a great trading platform and solid research

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Oanda Logo

#3 Best international online brokers for citizens in Kenya
Oanda

4.4

Oanda is an American forex broker founded in 1996. It is still a private company, thus not listed on any stock exchange.

Oanda is regulated by top-tier authorities, such as the US Commodity Trading Futures Commission, the National Futures Association (CFTC) and the UK's Financial Conduct Authority (FCA). 

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

The services offered by the broker's different entities differ slightly. In this review, we mainly focus on the UK one.

Recommended for forex traders who value a user-friendly platform and great research tools

Pros Cons
Low trading fees Only FX and CFD available
Great trading platforms No stock exchange listing and banking background
Outstanding research tools Withdrawal fee can be high

#3 Oanda
Fees
2.9

Oanda charges low forex fees. Non-trading fees, such as the inactivity fee and withdrawal fees, are average.
Pros Cons
Low trading fees High withdrawal fee for bank transfers
Low forex fees
First credit/debit card withdrawal per month is free
Oanda fees
Interactive Brokers Saxo Bank Oanda IG Trading 212
US stock $1.0 $10.0 - $15.0 $0.0
UK stock $7.8 $10.4 - $10.4 $0.0
EURUSD benchmark fee $11.2 $7.9 $14.6 $17.3 $20.2

All spreads, commissions and financing rates are for opening a position, holding for a week, and closing.

More
73.5% of retail CFD accounts lose money

#3 Oanda
Account opening
4.4

Oanda's account opening is straightforward, with no required minimum balance.
Pros Cons
Fully digital None
No minimum deposit
Oanda minimum deposit and time to open an account
Interactive Brokers Saxo Bank Oanda IG Trading 212
Minimum deposit $0 $10,000 $0 $0 $1
Time to open account 1-3 days >3 days 1-3 days 1-3 days 1 day

More
73.5% of retail CFD accounts lose money

#3 Oanda
Deposit and withdrawal
4.2

Oanda charges no deposit and account fees. The inactivity fee is also reasonable. You can also withdraw your money free of charge with a debit or credit card, but bank transfers and PayPal withdrawals are quite costly.
Pros Cons
Credit/Debit card available High withdrawal fee for bank transfers and PayPal
Free withdrawal
No deposit fee
Oanda withdrawal fee and options
Interactive Brokers Saxo Bank Oanda IG Trading 212
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No Yes Yes Yes
Electronic wallets No No Yes Yes Yes
Withdrawal fee $0 $0 $0 $0 $0

More
73.5% of retail CFD accounts lose money

#3 Oanda
Markets and products
1.6

At Oanda you can trade only forex and CFDs. It offers fewer forex pairs but more CFDs than its closest competitors.
Oanda markets and products
Interactive Brokers Saxo Bank Oanda IG Trading 212
Stock Yes Yes No Yes Yes
ETF Yes Yes No Yes Yes
Forex Yes Yes Yes Yes Yes
Fund Yes Yes No No No
Bond Yes Yes No No No
Options Yes Yes No Yes No
Futures Yes Yes No No No
CFD Yes Yes Yes Yes Yes
Crypto Yes Yes No Yes Yes

More
73.5% of retail CFD accounts lose money

#3 Oanda
Web trading platform
4.5

Oanda's web trading platform is user-friendly and safe with good customizability. On the downside, you can't set price alerts.
Pros Cons
User-friendly No price alerts
Clear fee report
Two-step (safer) login
Best international online brokers for citizens in Kenya - Oanda trading platform
Oanda trading platforms
Interactive Brokers Saxo Bank Oanda IG Trading 212
Web platform score 4.3 stars 5.0 stars 4.5 stars 5.0 stars 4.9 stars
Mobile platform score 3.5 stars 5.0 stars 5.0 stars 5.0 stars 4.9 stars
Desktop platform score 3.0 stars 5.0 stars 4.5 stars - -

More
73.5% of retail CFD accounts lose money

#3 Oanda
Verdict

Oanda is a great forex broker: its trading fees are low and it has user-friendly trading platforms that you will quickly learn to use confidently. It also provides powerful research tools, especially trading APIs.

On the other hand, Oanda has a limited product portfolio, with only forex and CFD products available. It doesn't have a banking background and is not listed on any stock exchange, two typical factors that enhance transparancy and regulatory scrutiny. Withdrawal fees can also be high.

Feel free to try Oanda: it is regulated by top-tier regulators, there is no minimum deposit, and the inactivity fee only kicks in after one year.

Oanda
Summary Oanda is a US forex broker. It is regulated by top-tier authorities like the UK FCA and Australia's ASIC.
Fees score 2.9 stars
Recommended for Forex traders who value a user-friendly platform and great research tools

More
73.5% of retail CFD accounts lose money

IG Logo

#4 Best international online brokers for citizens in Kenya
IG

4.5

IG was established in the UK in 1974 and is one of the biggest CFD brokers in the world. It is regulated by several bodies globally, including top-tier regulators like the UK's Financial Conduct Authority (FCA) and Germany's Federal Financial Supervisory Authority (BaFin). IG Group is listed on the London Stock Exchange.

IG is considered safe because it is listed on a stock exchange, discloses its financials and is overseen by top-tier regulators.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are not provided for US clients. Forex trading involves risk. Losses can exceed deposits.

Recommended for traders of any experience level looking for an easy-to-use trading platform

Pros Cons
First-class web trading platform High forex and stock CFD fees
Superb educational tools Limited product portfolio
Great deposit and withdrawal options Slow customer support

Open account
74-89% of retail CFD accounts lose money

#4 IG
Fees
2.7

IG has low non-trading fees. There is no fee for withdrawals and an inactivity fee is charged only after 2 years. On the negative side, the forex and stock CFD fees are high.
Pros Cons
No withdrawal fee High forex fees
Inactivity fee charged only after 2 years High stock CFD trading fees
IG fees
Interactive Brokers Saxo Bank Oanda IG Trading 212
US stock $1.0 $10.0 - $15.0 $0.0
UK stock $7.8 $10.4 - $10.4 $0.0
EURUSD benchmark fee $11.2 $7.9 $14.6 $17.3 $20.2

All spreads, commissions and financing rates are for opening a position, holding for a week, and closing.

Open account More
74-89% of retail CFD accounts lose money

#4 IG
Account opening
4.4

IG's account opening is seamless and fully digital. There is no minimum deposit for bank transfers and a low, $/€300 minimum deposit for credit/debit cards and PayPal. On the other hand, account verification takes around 3 business days, which is slower than at some other brokers.
Pros Cons
Fully digital Slower account opening
Low minimum deposit
No minimum deposit for bank transfer
IG minimum deposit and time to open an account
Interactive Brokers Saxo Bank Oanda IG Trading 212
Minimum deposit $0 $10,000 $0 $0 $1
Time to open account 1-3 days >3 days 1-3 days 1-3 days 1 day

Open account More
74-89% of retail CFD accounts lose money

#4 IG
Deposit and withdrawal
4.5

IG offers free and fast deposits and withdrawals. There are various options for funding your account, including traditional methods such as bank wire transfer and credit card funding, as well as PayPal.
Pros Cons
Credit/Debit card available None
Free withdrawal
No deposit fee
IG withdrawal fee and options
Interactive Brokers Saxo Bank Oanda IG Trading 212
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No Yes Yes Yes
Electronic wallets No No Yes Yes Yes
Withdrawal fee $0 $0 $0 $0 $0

Open account More
74-89% of retail CFD accounts lose money

#4 IG
Markets and products
4.0

At IG, most clients can only trade with CFDs, forex and options. There are literally thousands of CFDs available to trade. Residents in the UK and some other countries can also trade with real stocks. Other popular assets, however, like mutual funds and bonds, are not available.
IG markets and products
Interactive Brokers Saxo Bank Oanda IG Trading 212
Stock Yes Yes No Yes Yes
ETF Yes Yes No Yes Yes
Forex Yes Yes Yes Yes Yes
Fund Yes Yes No No No
Bond Yes Yes No No No
Options Yes Yes No Yes No
Futures Yes Yes No No No
CFD Yes Yes Yes Yes Yes
Crypto Yes Yes No Yes Yes

Open account More
74-89% of retail CFD accounts lose money

#4 IG
Web trading platform
5.0

IG's web trading platform is great for both beginners and professional traders. It is easy to use, has all the necessary functions and can be customized.
Pros Cons
User-friendly None
Clear fee report
Two-step (safer) login
Best international online brokers for citizens in Kenya - IG trading platform
IG trading platforms
Interactive Brokers Saxo Bank Oanda IG Trading 212
Web platform score 4.3 stars 5.0 stars 4.5 stars 5.0 stars 4.9 stars
Mobile platform score 3.5 stars 5.0 stars 5.0 stars 5.0 stars 4.9 stars
Desktop platform score 3.0 stars 5.0 stars 4.5 stars - -

Open account More
74-89% of retail CFD accounts lose money

#4 IG
Verdict

IG is one of the biggest and most reliable CFD brokers. It is regulated by several financial authorities around the world. IG Group is listed on the London Stock Exchange.

IG has one of the best web trading platforms BrokerChooser has tested. The deposit and withdrawal conditions are great. You can also expand your knowledge with great educational materials.

On the other hand, there are some drawbacks. The forex and stock CFD fees are high and the product portfolio in most countries is limited to forex, CFDs and options. Customer support could be better.

Feel free to test IG's first-class trading platform, since there is no minimum funding amount for bank transfers and you can also easily open a demo account. 

IG
Summary IG is a CFD and forex broker. It is listed on the London Stock Exchange and regulated by several authorities globally, including the top-tier FCA.
Fees score 2.7 stars
Recommended for Traders of any experience level looking for an easy-to-use trading platform

Open account More
74-89% of retail CFD accounts lose money

Trading 212 Logo

#5 Best international online brokers for citizens in Kenya
Trading 212

4.6

Trading 212 is a global CFD and forex broker, but clients can also trade stocks and ETFs free of charge. The company was founded in 2004 and is now headquartered in London. Trading 212 is regulated by the UK Financial Conduct Authority (FCA) and the Bulgarian Financial Supervision Commission (FSC). 

Trading 212 is considered safe as it is regulated by the top-tier FCA. 

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for active cfd and fx traders and investors looking for intuitive trading platforms

Pros Cons
Real stocks and ETFs are commission-free Limited product portfolio
Quick and easy account opening Basic tools for fundamental analysis
Great trading platforms High forex fee

#5 Trading 212
Fees
3.8

Trading 212 has commission-free stocks and ETFs, and there are also no fees for deposit, withdrawal or inactivity. However, fees for forex trading are high.
Pros Cons
Free stock and ETF trading High forex fees
Low CFD fees High financing rate
No withdrawal and inactivity fee
Trading 212 fees
Interactive Brokers Saxo Bank Oanda IG Trading 212
US stock $1.0 $10.0 - $15.0 $0.0
UK stock $7.8 $10.4 - $10.4 $0.0
EURUSD benchmark fee $11.2 $7.9 $14.6 $17.3 $20.2

All spreads, commissions and financing rates are for opening a position, holding for a week, and closing.

More
76% of retail CFD accounts lose money

#5 Trading 212
Account opening
4.5

The account opening process is straightforward, user-friendly and quick. Our account was verified within one business day.
Pros Cons
Fast Problems with verification
Fully digital
No minimum deposit
Trading 212 minimum deposit and time to open an account
Interactive Brokers Saxo Bank Oanda IG Trading 212
Minimum deposit $0 $10,000 $0 $0 $1
Time to open account 1-3 days >3 days 1-3 days 1-3 days 1 day

More
76% of retail CFD accounts lose money

#5 Trading 212
Deposit and withdrawal
4.5

Trading 212 deposits and withdrawals are free, fast, and can be done in several way. On the negative side, there are only a few account base currencies available in each country.
Pros Cons
Credit/Debit card available Few base currencies available in each country
Free withdrawal
No deposit fee
Trading 212 withdrawal fee and options
Interactive Brokers Saxo Bank Oanda IG Trading 212
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No Yes Yes Yes
Electronic wallets No No Yes Yes Yes
Withdrawal fee $0 $0 $0 $0 $0

More
76% of retail CFD accounts lose money

#5 Trading 212
Markets and products
3.7

Trading 212 focuses mainly on CFDs, forex and cryptos. You can also trade real stocks and ETFs, but popular asset classes like bonds, mutual funds, options and futures are missing.
Trading 212 markets and products
Interactive Brokers Saxo Bank Oanda IG Trading 212
Stock Yes Yes No Yes Yes
ETF Yes Yes No Yes Yes
Forex Yes Yes Yes Yes Yes
Fund Yes Yes No No No
Bond Yes Yes No No No
Options Yes Yes No Yes No
Futures Yes Yes No No No
CFD Yes Yes Yes Yes Yes
Crypto Yes Yes No Yes Yes

More
76% of retail CFD accounts lose money

#5 Trading 212
Web trading platform
4.9

Trading 212 has a user-friendly and customizable web trading platform. It also provides a two-step login.
Pros Cons
User-friendly None
Two-step (safer) login
Good search function
Best international online brokers for citizens in Kenya - Trading 212 trading platform
Trading 212 trading platforms
Interactive Brokers Saxo Bank Oanda IG Trading 212
Web platform score 4.3 stars 5.0 stars 4.5 stars 5.0 stars 4.9 stars
Mobile platform score 3.5 stars 5.0 stars 5.0 stars 5.0 stars 4.9 stars
Desktop platform score 3.0 stars 5.0 stars 4.5 stars - -

More
76% of retail CFD accounts lose money

#5 Trading 212
Verdict

Trading 212 is a CFD and forex broker regulated by multiple financial supervisory authorities.

On the plus side, Trading 212 offers commission-free stocks and ETFs, while CFD fees and non-trading fees are low as well. The account opening process is seamless and the trading platforms are user-friendly.

However, Trading 212 has a limited product portfolio, lacking popular asset classes such as bonds or options. We missed research tools for fundamental analysis and found forex fees relatively high.

Trading 212 is a good choice for those interested in investing in equities or trading leveraged forex and CFD products, with the use of a great trading platform. As it offers a demo account, don't hesitate to give it a try.

Trading 212
Summary Trading 212 is a CFD and forex broker regulated by the UK FCA and Bulgarian FSC. In the UK and Germany, Trading212 offers commission-free stock and ETF trading as well.
Fees score 3.8 stars
Recommended for Active CFD and FX traders and investors looking for intuitive trading platforms

More
76% of retail CFD accounts lose money

Best international online brokers for citizens in Kenya
What makes a good online broker

Now you know the top 5. You are probably curious about how we came up with this list. Let's go through a few points quickly. What is an online broker? Why do we think these brokers are safe? What are the most important factors when selecting the best online brokers?

What is an online broker?

Thirty years ago if you wanted to buy a stock, you had to pick up the phone and call your broker, who executed the transaction in return for a commission. Brokers were like in the Wolf of Wall Street movie. They were checking the stocks' prices while holding a telephone and shouting. Everything changed after the internet appeared. Nowadays if you want to buy Apple shares, you open online an account, deposit money, and make the order through the brokers' online platform. These brokers are the online brokers. Online brokers help you buying and selling securities, like stocks. After making your order, the online broker executes it immediately. Everything is online.

Are these brokers safe?

You can be sure none of them is a scam. They are regulated by top-tier authorities. Some of them are also listed on an exchange, while some have a banking background.

However, also brokerage companies can go down. Remember Lehman Brothers? In these cases, it is important to know what happens with your securities and cash. These are usually held in segregated accounts, so even in case of a broker bankruptcy, you are safe.

If everything goes very bad and for example, the broker steals your assets, then you have a last resort, the compensation fund of the country where the broker is regulated.

How did BrokerChooser pick the best international online brokers for a citizen in Kenya?

At BrokerChooser, we test online brokers along more than 100 criteria, using real accounts and real money. We don’t want to overwhelm you, so for now we’ll just list the five most important criteria.

The five most important criteria for best international online brokers are:

5 important criteria for the best international online brokers in 2020
1. Fees The trading fee of a typical US equity trade can be 50 times higher at one online broker compared to another. Worth to check the fees.
2. Account opening Some online brokers require a minimum to invest, others don't set a minimal first-time deposit. Check out what the best online brokers require.
3. Deposit and withdrawal Transferring money to your account can be 5 times longer and more expensive at one online broker compared to another.
4. Products and markets You want to invest in Amazon and Bitcoin? They might not be available. Check the product coverage before opening an account.
5. Trading platform A user-friendly and well-equipped trading platform can significantly increase your trading comfort.

Best international online brokers for citizens in Kenya
Bottom line

You saw the details, now let's zoom out. Here are the best international online brokers of 2020 for citizens in Kenya:

Best international online brokers for citizens in Kenya
Interactive Brokers Saxo Bank Oanda IG Trading 212
Overall score 4.9 4.8 4.4 4.5 4.6
Best in Best online broker Best web trading platform Best mobile trading platform
Fees score 4.0 stars 3.0 stars 2.9 stars 2.7 stars 3.8 stars
Account opening score 3.4 stars 2.5 stars 4.4 stars 4.4 stars 4.5 stars
Deposit and withdrawal score 3.5 stars 4.8 stars 4.2 stars 4.5 stars 4.5 stars
Markets and products score 5.0 stars 5.0 stars 1.6 stars 4.0 stars 3.7 stars
Web platform score 4.3 stars 5.0 stars 4.5 stars 5.0 stars 4.9 stars
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74-89% of retail CFD accounts lose money

Interactive Brokers is our winner, the best international online broker in Kenya of 2020. Low trading fees. Wide range of products. Many great research tools.
All of these brokers are considered a great choice. Pick the winner, or any of the runners-up, and take the next step in your investment journey. Let us know what you think in the comment section.
Still unsure? Use the broker finder and find the best international broker for you, or learn more about investing your money.

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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