Go to FxProDyer & Blair Investment Bank in Kenya — review, licence and costs
Score (4 of 6 axes scored)
shown, not ranked: no cost
- Reviews25%0
- Safety20%100
- Track record10%no data
- Platforms10%no data
Numbered by weight: axis 1 counts for most.
Key facts
Licence check
The broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards Kenya residents
- Blair Investment Bank Limited
- Local standing
- CMA-regulated domestic (investment bank / stockbroker)
- Licence as the register states it
- CMA-licensed investment bank; member of the NSE (one of the founding members, 1954), also member of USE (Uganda) and RSE (Rwanda)
- Leverage for this entity
- No retail forex/CFDs; equity trading margin limited (standard NSE cash trading)
- The firm behind it
- Founded 1954 in Nairobi (as Hickman & Grey partnership); one of six founding members of the Nairobi Stock Exchange; renamed after Derek Dyer & Patrick Blair took over 1956. Among the oldest and most established Kenyan investment banks; operates across East Africa (Kenya/Uganda/Rwanda)
- What we hold against it
- not verified at review (no CMA enforcement action found)
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.
No retail forex/CFDs; equity trading margin limited (standard NSE cash trading)
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youCMA-regulated domestic (investment bank / stockbroker)
- 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.
Accounts
Account types the broker names for this country: CDS account + brokerage trading account, investment management accounts. 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.
Payouts(2 methods)
| Method | Deposit, h | Fee, USD | Min, USD |
|---|---|---|---|
| M-Pesa | 24 | 0 | 50 |
| Bank transfer | 24 | 0 | 50 |
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://www.dyerandblair.com/
Not tax advice. Check with the Kenya Revenue Authority.
Deposit and withdrawal methods (2 methods · 1 local)
M-Pesa, bank transfer (not fully verified at review)
- M-Pesalocal
- Bank transfer
- Account currency
- KES
- Fee declared
- 2 of 2 methods
- Withdrawal back to
- the funding method
Where it does not serve(1 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(2 platforms)
- Brokerage/investment portal (email dealing shares@dyerandblair.com)
- NSE trading
| Class | Leverage |
|---|---|
| Brokerage/investment portal (email dealing shares@dyerandblair.com) | —KE |
| NSE trading | —KE |
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 04.10.2026 | 0 | 5, 0 |
Share of reviewers in Kenya: — The platform does not publish it.
Pros and cons(2 for and 4 against, each tied to a figure on this page)
- Authorised by the Kenya regulator in its own register
- Safety 100 of 100, its strongest of 4 scored axes
- Round-turn cost not priced: the pair of spread and commission is not published
- Withdrawal time not published
- Reviews 0 of 100, its weakest of 4 scored axes
- Not scored on round-turn cost, payouts: the broker publishes no figure we could read
Alternatives in Kenya(6 of 55 scored in Kenya)
- Round turn, USD
- 8KE
- Min deposit, USD
- 100 groupKE
- Leverage
- 500 group
- Rank in this country
- #1
- Round turn, USD
- 6KE
- Min deposit, USD
- 0 groupKE
- Leverage
- 2000 group
- Rank in this country
- #2
- Round turn, USD
- 7KE
- Min deposit, USD
- 20 groupKE
- Leverage
- 200KE
- Rank in this country
- #3
- Round turn, USD
- 7KE
- Min deposit, USD
- 10KE
- Leverage
- 400KE
- Rank in this country
- #4
- Round turn, USD
- 7KE
- Min deposit, USD
- 100KE
- Leverage
- 1000 group
- Rank in this country
- #5
- Round turn, USD
- 6KE
- Min deposit, USD
- 50 groupKE
- Leverage
- 500KE
- Rank in this country
- #19
"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.
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 | Dyer & Blair Investment Bank |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 0 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | — |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 100 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | — |
| Track record | 10% | Years since the firm was founded, from its own filings | 100 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 0 |
Where Dyer & Blair Investment Bank sits in the Kenya base(55 brokers)
Round-turn cost, USD (36 of 55 priced)
Median 7 USD · range 3-23 · 19 of 55 brokers do not publish it
Minimum deposit, USD (27 of 55 priced)
Median 25 USD · range 0-2500 · 28 of 55 brokers do not publish it
Retail leverage (29 of 55 with a Kenya figure)
Median 1:500 · range 30-5000 · 26 of 55 brokers do not publish it
Withdrawal time published (55 brokers)
FAQ
- Does Dyer & Blair Investment Bank accept residents of Kenya?
- Yes. CMA-regulated domestic (investment bank / stockbroker) Onboarding entity: Blair Investment Bank Limited
- Is Dyer & Blair Investment Bank licensed to serve clients in Kenya?
- CMA-licensed investment bank; member of the NSE (one of the founding members, 1954), also member of USE (Uganda) and RSE (Rwanda) Checked on 11.07.2026.
- Which trading platforms does Dyer & Blair Investment Bank support?
- Brokerage/investment portal (email dealing shares@dyerandblair.com), NSE trading. Instruments: NSE equities, bonds/fixed income, IPOs; investment banking, securities, investment management
- How can I withdraw money from Dyer & Blair Investment Bank in Kenya?
- M-Pesa, bank transfer (not fully verified at review)
- What account types does Dyer & Blair Investment Bank offer?
- CDS account + brokerage trading account; investment management accounts