Online forex traders in kenya - Online trade platform to launch in Kenya | IT News Africa – Africa's Technology News Leader
There are companies that offer services there and you can do online trading, but you need to be very careful as the company could be a complete fraud or government officials can charge you with doing something illegal.
If you do decide to start trading you will need to online forex traders in kenya for a broker that is recognized by an authorized governmental institution as a legal entity. You would also want to check what trading platform the company has, if any at all.
The lower the commissions the company offers the better. You should also expect possibility to open the type of account that fits your capital size best.
A broker should care about you as kenys trader and offer good customer service. Extra services would act as a bonus for you too. There are very few places in the world where Forex is unregulated.
Most countries have gone through various stages in regulation, most from being very loose to being rather strict. Very few regulators allow unregulated brokers to operate in their countries and those who do operate have to follow strict rules traderx regulation.
Kenya is an exception. It still does not have proper Forex regulation and so brokers offering their services in the country operate without any law to govern them.
Because of that, they are often targeted and racketeered by corrupt police officers and public officials. Companies are charged with illegal status or some pyramid schemes and the officials extort money from both the brokers and their customers.
Brokers now often approach the government and ask them to introduce proper Forex regulation, so that brokers can online forex traders in kenya operate and traders trade there.
Your main tool as a Kenyan trader will surely be your computer. It means you will also need a good trading platform.
It is not that difficult for brokers to get one nowadays as Metatrader 4 is available with most online forex traders in kenya across the world. The platform has a lot of useful features inside of it, such as: You can also do backtesting of your strategy there. All most popular technical indicators there and you can create one of your own if you know how to do some programming on the station.
Somebody else can do that for you too. You can use a robot that will do trading for you, so you will not have to sit glued to your pc screen all day. A broker may have an online version platform, which you should check out.
Test out the trading platforms before you deposit. Brokers charge fees from their customers for transactions. Features and Benefits Forwx and global market access on one platform.
Asset swap capability for global trading. Most cost-effective platform available in the market. Seamless, swift portfolio transfers and account registrations.
Easy, instant access to your portfolio on any device. Trade from the watchlist, the dedicated trade ticket or directly from the chart in real time. Personalise the online forex traders in kenya to keep an eye on the stocks that matter most. Nedbank Online Share Trading All trading activity is fored via secure and sophisticated networks, and trading instructions received are placed in the JSE central order book immediately.
Real-time access to JSE prices and price information. Real-time access to market depth of the JSE order book.
Many forex brokers do not allow this practice, as they view it as an illegal way to make profits. This keya strategy allows the trader to exploit price differences between two brokers, resulting in profits.
Similar to scalping, you need to react very, very quickly to changes, and you require inefficiencies in quotes between two brokers. This is the leading web based platform for MT4 trading accounts for any computer.
It therefore optimizes trading, while improving certain features and options trade advice layout, making it more user-friendly and have greater efficiency. Fotex method online forex traders in kenya ideal if you want to evade downloads that take up large memory space on your computer, as well as the ability to login to your account using any internet device.
Some of its features in summary include:. It lends itself well to both demo and live accounts.
A mobile platform that gives ease of use, while retaining the impressive features of the MT4 platform on a mobile device both Android and iOS. You can trade the following instruments on the platform — metals, futures, CFDs, gold and silver. It also gives you other features such as:.
Accounts supported The account variety on the site is very small, with the option of only one account. You have the choice to trade with variable and fixed spreads, as well as a ni of 1: Deposit and withdrawal options Online forex traders in kenya deposit amount that you need to open an account with the platform is R, or an equivalent amount in your currency.
However, the amount balance that the trader holds determines the markets they can enter. The broker accepts both credit and debit cards, as well as EFT payments.
All these payments occur through the Gold Lounge secure payments portal. The approximate processing time for deposit transactions is about 24 hours, while withdrawals can take between 24 and kenys hours.
Description:Aug 30, - Traders of Africa an online marketplace is for goods not limited to Agriculture, which aims to drive intra-Africa trade is set to launch in Kenya next month. Zambia, South Africa, Ivory Coast, Burkina Faso & Tanzania over the.