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BlackBull Markets in Kenya — review, licence and costs
Cost calculator (median of 36 priced of 55)
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%90
- Round-turn cost20%95
- Safety20%0
- Payouts15%80
- Track record10%60
- Platforms10%85
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- Not served - Kenya is explicitly on BlackBull's restricted-countries list; no BlackBull entity onboards Kenyan residents.
- Founded
- 2014
- Retail leverage
- 500 group
- Round turn
- 6 USDKE
- Currencies
- Accounts in USD/EUR/GBP/JPY/AUD/NZD/SGD/CAD/ZAR (not offered to Kenyan residents).
- Swap-free account
- yes
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Licence check
Open an account with BlackBull MarketsThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards Kenya residents
- Not served - Kenya is explicitly on BlackBull's restricted-countries list; no BlackBull entity onboards Kenyan residents.
- Local standing
- Not offered; despite Kenya's CMA licensing regime, BlackBull lists Kenya as restricted.
- Licence as the register states it
- N/A - BlackBull holds no Kenyan CMA licence and does not accept Kenyan clients.
- Leverage for this entity
- N/A - not served.
- The firm behind it
- Founded 2014, HQ Auckland, New Zealand; ECN forex/CFD broker, FMA-licensed in NZ since 2020.
- What we hold against it
- Restricted market; BlackBull explicitly excludes Kenya despite local CMA-licensed competitors.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Kenyan residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youNot offered; despite Kenya's CMA licensing regime, BlackBull lists Kenya as restricted.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against Kenya market median(priced from 36 of 55)
Medians run over the 36 of 55 brokers that publish a price for Kenya, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: ECN Standard (USD 0 min, commission-free, spreads from ~0.8 pips), ECN Prime (USD 0 min, from 0.0 pips + ~USD 6 round-turn), Institutional/Prime+ (USD 20, 000 min, USD 3/round lot). The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Taxes for a Kenyan resident(1 rule)
- Forex/CFD profit treated as ordinary income for most retail traders (not capital gains), added to taxable income, taxed on graduated bands roughly 10% up to a top marginal rate of 35% (as of the review;https://blackbull.com/en/support/restricted-countries
Not tax advice. Check with the Kenya Revenue Authority.
Deposit and withdrawal methods (1 methods · 0 local rails)
N/A - not served (e.g.
- Account currency
- Accounts in USD/EUR/GBP/JPY/AUD/NZD/SGD/CAD/ZAR (not offered to Kenyan residents).
- Fee declared
- 0 of 0 methods
- Withdrawal back to
- the funding method
Where it does not serve(4 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(7 platforms)
- MT4
- MT5
- cTrader
- TradingView
- BlackBull CopyTrade
- BlackBull Invest
| Class | Count | Min spread |
|---|---|---|
| MT4 | — | 0.8 |
| MT5 | — | 0.8 |
| cTrader | — | 0.8 |
| TradingView | — | 0.8 |
| BlackBull CopyTrade | — | 0.8 |
| BlackBull Invest | — | 0.8 |
| Forex pairs | 70+ | — |
71 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard, Pepperstone no minimum deposit, Trade Nation Two live tiers - lower-leverage and 65 more.
Identical for every row: Leverage 500 KE.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.8 | 113 |
Share of reviewers in Kenya: — The platform does not publish it.
Pros and cons(6 for and 2 against, each tied to a figure on this page)
- Round turn 6 USD on the raw + commission basis, under the Kenya median 7
- Min deposit 0 USD, under the Kenya median 25
- Withdrawal in 24 h, one of 46 of 55 brokers here that publish a time
- Swap-free account available
- Round-turn cost 95 of 100, its strongest of 6 scored axes
- 6 platforms: MT4, MT5, cTrader, TradingView
- No Kenya authorisation on file: the entity that onboards you is licensed elsewhere
- Safety 0 of 100, its weakest of 6 scored axes
Alternatives in Kenya(6 of 55 scored in Kenya)
- Round turn, USD
- 4.5KE
- Min deposit, USD
- 0KE
- Leverage
- 500KE
- Rank in this country
- #7
- Round turn, USD
- 5KE
- Min deposit, USD
- 10KE
- Leverage
- 2000KE
- Rank in this country
- #31
- Round turn, USD
- 6KE
- Min deposit, USD
- 10 groupKE
- Leverage
- 3000KE
- Rank in this country
- #14
- Round turn, USD
- 7KE
- Min deposit, USD
- 100KE
- Leverage
- 500KE
- Rank in this country
- #18
- Round turn, USD
- 6KE
- Min deposit, USD
- 50 groupKE
- Leverage
- 500KE
- Rank in this country
- #25
- Round turn, USD
- 7KE
- Min deposit, USD
- 20 groupKE
- Leverage
- 200KE
- Rank in this country
- #3
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a Kenya score. Full methodology
| Axis | Weight | What is measured | BlackBull Markets |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 90 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 95 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 0 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 80 |
| Track record | 10% | Years since the firm was founded, from its own filings | 60 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 85 |
Where BlackBull Markets sits in the Kenya base(55 brokers)
Round-turn cost, USD (36 of 55 priced)
Median 7 USD · range 3-23 · this broker 6 USD · 19 of 55 brokers do not publish it
Minimum deposit, USD (27 of 55 priced)
Median 25 USD · range 0-2500 · this broker 0 USD · 28 of 55 brokers do not publish it
Retail leverage (29 of 55 with a Kenya figure)
Median 1:500 · range 30-5000 · this broker 1:500 · 26 of 55 brokers do not publish it
Withdrawal time published (55 brokers)
FAQ
- Does BlackBull Markets accept residents of Kenya?
- Yes. Not offered; despite Kenya's CMA licensing regime, BlackBull lists Kenya as restricted. Onboarding entity: Not served - Kenya is explicitly on BlackBull's restricted-countries list; no BlackBull entity onboards Kenyan residents.
- Is BlackBull Markets licensed to serve clients in Kenya?
- N/A - BlackBull holds no Kenyan CMA licence and does not accept Kenyan clients. Checked on 09.07.2026.
- How much does one round turn cost at BlackBull Markets?
- About 6.0 USD per standard lot on EUR/USD. The median across brokers measured for Kenya is 7.0 USD.
- What leverage does BlackBull Markets offer to retail clients in Kenya?
- Up to 1:500. Email (Required) Join Now or try demo 0.0 Spread From 1:500 Leverage up to 26,000 Tradable Instruments 24/7 Client Support $0 Minimum Deposit <
- Which trading platforms does BlackBull Markets support?
- MT4, MT5, cTrader, TradingView, BlackBull CopyTrade, BlackBull Invest. Instruments: 72 forex pairs and 26,000+ tradeable symbols: share CFDs, indices, commodities and crypto CFDs.
- How can I withdraw money from BlackBull Markets in Kenya?
- N/A - not served (e.g. no M-Pesa onboarding).
- What account types does BlackBull Markets offer?
- ECN Standard (USD 0 min, commission-free, spreads from ~0.8 pips), ECN Prime (USD 0 min, from 0.0 pips + ~USD 6 round-turn) and Institutional/Prime+ (USD 20,000 min, USD 3/round lot).
- Does BlackBull Markets offer a swap-free (Islamic) account?
- Yes. BlackBull Markets offers a swap-free (Islamic) account to Kenya residents.