Best Forex Trading Apps in Kenya

The trading platform is the software or interface that traders use to trade and connect with others in the trading market. These trading apps include CTrader, MT4, WebTrader, and MT5.

The trading platform is the software or interface that traders use to trade and connect with others in the trading market. These trading apps include CTrader, MT4, WebTrader, and MT5. If you’re a forex guru, likely you’ve come across these applications. In my four years of experience, I have realized that trading apps differ significantly. Here, we’ll look at the best forex trading apps.

FxPesa

FxPesa is the best forex trading app for beginners, especially for those who want to explore forex hacks. To start trading, sign up and create your trading profile. FxPesa enables users to access seminars and webinars that are organized globally by management. Subscribe to its newsletter to get information whenever it conducts mass webinars and workshops.

Many traders prefer FxPesa because of its friendly withdrawal and deposit methods. The trading app allows users to fund their accounts and withdraw their profits through several payment methods such as the Equity Bank EazzyPay, Airtel Money, and Mpesa. The good news is that you need a minimum deposit of as little as $5 to secure your account. This means you can invest in FxPesa to check markets without investing considerably. After surveying metrics, you can decide whether to invest in forex trading or not.

The FxPesa has a demo account, precisely for beginners to learn forex trading techniques. The app also supports both iOS and Android operating systems. Plus, it comes with MT4 software, particularly for gurus who want to maximize their potential on their desktops or laptops.

If you’ve been wondering whether the platform is legit, the answer is yes. Historically, it was the first broker platform to receive a non-dealing desk trading license from the Capital Markets Authority. In 2019, FxPesa legalized its trading license. Since then, there are zero casualties on the FxPesa platform.

Litefoex   

 Liteforex receives quotations on several computer networks, boosting your winning chances. Rather than paying for spread, it charges a commission of nearly $10 per round. You might wonder why its commission is much more prohibitive, but with intensive research, you’ll realize it’s one of the best forex trading apps on ECN with the commission. This special commission allows users to pay around $10 to monitor the trade of approximately $100,00.

Liteforex is listed as one of the best forex trading apps because of its lowest commission. Besides offering low commissions and tighter spreads, it provides fast execution on the trades without requotes.

In addition, any balance left in your account earns around 2.5% interest yearly. The app supports Mpesa transaction services. The minimum deposit required is approximately $50. Withdrawals and deposits via Mpesa are instant.  As the best app for forex trading, it allows users to copy trades from reputable traders on the forum.

HotForex

Which is the best forex trading app for beginners? HotForex comes with a superb copy feature. This international forex broker platform supports Mpesa withdrawals and deposit services.  The app’s minimum deposit is around $10, which is more affordable to many gurus.

Withdrawals and deposits by Mpesa are instantaneous and take a few minutes to reflect in your account. The main reason why HotForex continues rising to the pinnacle is that it comes with a revolutionary copy trading feature known as the HFCopy. The feature educates traders on how they can improve their trading technique by interacting with and following skillful traders.

Exness

Exness is the best demo forex trading app. The app allows traders with insufficient funds to explore their trading potential. Its minimum deposit is around $1 with an initial deposit of about $50. Once you've deposited your amount, it reflects as a100 units. So, if you deposit $10, it'll display as 1000 units.

With its excellence feature, you can use 1:2000 to control a trade size of $ 2000 with just $1 in your account. Exness accepts Mpesa deposits and withdrawal services.  But it doesn’t have Mpesa paybill number. So, if you want to make a payment on Exness via Mpesa, log into your account and then move to the Mpesa Deposit icon.

Then, you’ll be redirected to the payment option, where you’ll share your number and click on pay. You’ll then receive alerts showing you to insert your Mpesa PIN to finish the payment. Your funds will be reflected in your account immediately.  

XM Forex

The XM Forex app is the best Forex paper trading app with unique and responsive features.  The app comes with other software that you can use in trading. They include MT5 and MT4.   

Olymp Trade  

Olymp Trade is the best app for forex trading that supports unlimited forex signals. Download the app and start trading right away. New members receive nearly $10,000 funds their demo account. The demo account allows users to trade and experience the app itself.  Although you may struggle to trade on a demo account, you won't withdraw any amount.  But if you want to make a handsome amount, deposit cash into your account and start trading right away. The app’s minimum deposit is $10.