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FP 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%85
- Safety20%100
- Payouts15%40
- Track record10%no data
- Platforms10%70
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- Kenyan clients can be onboarded under the locally licensed subsidiary FP Markets Ltd (FP Markets Limited), or via the offshore arm.
- Founded
- 2005
- Retail leverage
- 500 group
- Round turn
- 8 USDKE
- Currencies
- USD/EUR/GBP/AUD and others; local KES account availability not verified at review.
- 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 FP MarketsThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards Kenya residents
- Kenyan clients can be onboarded under the locally licensed subsidiary FP Markets Ltd (FP Markets Limited), or via the offshore arm.
- Local standing
- Locally regulated in Kenya by the CMA (non-dealing FX broker) - a genuine local authorisation, not merely offshore.
- Licence as the register states it
- Local licence: CMA (Capital Markets Authority) Kenya Non-Dealing Online Foreign Exchange Broker licence No. 103, granted late 2023.
- Leverage for this entity
- Up to 1:500 available via the group; CMA-regulated conditions apply to the local entity.
- The firm behind it
- Founded 2005, HQ Sydney, Australia; multi-regulated global forex/CFD broker.
- What we hold against it
- Positive - one of few offshore-heavy brokers with a genuine CMA Kenya local licence; verify onboarding entity at signup.
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 youLocally regulated in Kenya by the CMA (non-dealing FX broker) - a genuine local authorisation, not merely offshore.
- 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: Standard (commission-free), Raw (0.0 pip + commission) on MT4/MT5/cTrader/TradingView, min deposit USD 100. 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
Identical for every row: Deposit, h 24 · Fee, USD 0 · Min, USD 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://fpmarkets.com/blog/fpmarkets-awarded-fx-broker-licence-in-kenya
Not tax advice. Check with the Kenya Revenue Authority.
Deposit and withdrawal methods (4 methods · 1 local)
Cards, bank wire and e-wallets;
- Cards
- Bank wire
- E-wallets
- Local M-Pesalocal
- Account currency
- USD/EUR/GBP/AUD and others; local KES account availability not verified at review.
- Fee declared
- 4 of 4 methods
- Withdrawal back to
- the funding method
Where it does not serve(7 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(5 platforms)
- MT4
- MT5
- cTrader
- TradingView
| Class | Count | Min spread |
|---|---|---|
| MT4 | — | 1 |
| MT5 | — | 1 |
| cTrader | — | 1 |
| TradingView | — | 1 |
| All instruments | 10000+ | — |
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 | 10,091 |
Share of reviewers in Kenya: — The platform does not publish it.
Pros and cons(4 for and 4 against, each tied to a figure on this page)
- Locally authorised, licence 103, read on 09.07.2026
- Swap-free account available
- Safety 100 of 100, its strongest of 6 scored axes
- 4 platforms: MT4, MT5, cTrader, TradingView
- Round turn 8 USD on the raw + commission basis, over the Kenya median 7
- Min deposit 100 USD, over the Kenya median 25
- Withdrawal in 72 h, over the Kenya median 48
- Payouts 40 of 100, its weakest of 6 scored axes
Alternatives in Kenya(6 of 55 scored in Kenya)
- Round turn, USD
- 7KE
- Min deposit, USD
- 10KE
- Leverage
- 400KE
- Rank in this country
- #4
- Round turn, USD
- 7KE
- Min deposit, USD
- 5KE
- Leverage
- 400KE
- Rank in this country
- #6
- Round turn, USD
- 7KE
- Min deposit, USD
- 20 groupKE
- Leverage
- 200KE
- Rank in this country
- #3
- Round turn, USD
- 7KE
- Min deposit, USD
- 100KE
- Leverage
- 1000 group
- Rank in this country
- #5
- Round turn, USD
- 9KE
- Min deposit, USD
- 100KE
- Leverage
- 400KE
- Rank in this country
- #11
- Round turn, USD
- 6KE
- Min deposit, USD
- 10 groupKE
- Leverage
- 3000KE
- Rank in this country
- #14
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 | FP 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 | 85 |
| 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 | 40 |
| 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 | 70 |
Where FP Markets sits in the Kenya base(55 brokers)
Round-turn cost, USD (36 of 55 priced)
Median 7 USD · range 3-23 · this broker 8 USD · 19 of 55 brokers do not publish it
Minimum deposit, USD (27 of 55 priced)
Median 25 USD · range 0-2500 · this broker 100 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 FP Markets accept residents of Kenya?
- Yes. Locally regulated in Kenya by the CMA (non-dealing FX broker) - a genuine local authorisation, not merely offshore. Onboarding entity: Kenyan clients can be onboarded under the locally licensed subsidiary FP Markets Ltd (FP Markets Limited), or via the offshore arm.
- Is FP Markets licensed to serve clients in Kenya?
- Local licence: CMA (Capital Markets Authority) Kenya Non-Dealing Online Foreign Exchange Broker licence No. 103, granted late 2023. Checked on 09.07.2026.
- How much does one round turn cost at FP Markets?
- About 8.0 USD per standard lot on EUR/USD. The median across brokers measured for Kenya is 7.0 USD.
- What leverage does FP Markets offer to retail clients in Kenya?
- Up to 1:500. Up to 1:500 available via the group; CMA-regulated conditions apply to the local entity.
- Which trading platforms does FP Markets support?
- MT4, MT5, cTrader, TradingView. Instruments: 10,000+ CFDs: 60+ FX pairs, indices, commodities, shares, ETFs, bonds and crypto CFDs.
- How can I withdraw money from FP Markets in Kenya?
- Cards, bank wire and e-wallets; local M-Pesa/KES rails likely but not verified at review.
- What account types does FP Markets offer?
- Standard (commission-free) and Raw (0.0 pip + commission) on MT4/MT5/cTrader/TradingView; min deposit USD 100.
- Does FP Markets offer a swap-free (Islamic) account?
- Yes. FP Markets offers a swap-free (Islamic) account to Kenya residents.