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FXCM 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%65
- Round-turn cost20%87.5
- Safety20%10
- Payouts15%40
- Track record10%100
- Platforms10%25
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- FXCM Markets entity
- Founded
- 1999
- Retail leverage
- 400KE
- Round turn
- 7.5 USDKE
- Currencies
- USD, major currencies
- Swap-free account
- conditional
"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 FXCMThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards Kenya residents
- FXCM Markets entity
- Local standing
- Foreign-regulated only
- Licence as the register states it
- No CMA licence
- Leverage for this entity
- Up to 1:400
- The firm behind it
- Founded 1999, global broker
- What we hold against it
- No CMA oversight
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 youForeign-regulated only
- 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: 3 retail, 1 pro. 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 |
|---|---|---|---|
| Bank transfer | 24 | 0 | 50 |
| Cards | 24 | 0 | 50 |
Taxes for a Kenyan resident
Not tax advice. Check with the Kenya Revenue Authority.
Deposit and withdrawal methods (2 methods · 0 local rails)
Bank transfer, cards
- Bank transfer
- Cards
- Account currency
- USD, major currencies
- Fee declared
- 2 of 2 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(4 platforms)
- Trading Station
- MT4
- TradingView
| Class | Count | Min spread |
|---|---|---|
| Trading Station | — | 1.3 |
| MT4 | — | 1.3 |
| TradingView | — | 1.3 |
| Forex pairs | 41 | — |
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.
— the broker does not publish this figure; it is not read as a zero and it is not scored.
Identical for every row: Leverage 400 KE.
Pros and cons(3 for and 5 against, each tied to a figure on this page)
- Swap-free account available
- Track record 100 of 100, its strongest of 6 scored axes
- 3 platforms: Trading Station, MT4, TradingView
- Round turn 7.5 USD on the raw + commission basis, over the Kenya median 7
- No Kenya authorisation on file: the entity that onboards you is licensed elsewhere
- Min deposit 50 USD, over the Kenya median 25
- Withdrawal in 72 h, over the Kenya median 48
- Safety 10 of 100, its weakest of 6 scored axes
Alternatives in Kenya(6 of 55 scored in Kenya)
- Round turn, USD
- 7KE
- Min deposit, USD
- 50KE
- Leverage
- 500KE
- Rank in this country
- #20
- Round turn, USD
- 6KE
- Min deposit, USD
- 0 groupKE
- Leverage
- 500 group
- Rank in this country
- #10
- 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
- 9KE
- Min deposit, USD
- 25 groupKE
- Leverage
- 1000KE
- Rank in this country
- #17
- Round turn, USD
- 8KE
- Min deposit, USD
- 100 groupKE
- Leverage
- 500 group
- Rank in this country
- #1
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 | FXCM |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 65 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 88 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 10 |
| 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 | 25 |
Where FXCM sits in the Kenya base(55 brokers)
Round-turn cost, USD (36 of 55 priced)
Median 7 USD · range 3-23 · this broker 7.5 USD · 19 of 55 brokers do not publish it
Minimum deposit, USD (27 of 55 priced)
Median 25 USD · range 0-2500 · this broker 50 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 1:400 · 26 of 55 brokers do not publish it
Withdrawal time published (55 brokers)
FAQ
- Does FXCM accept residents of Kenya?
- Yes. Foreign-regulated only Onboarding entity: FXCM Markets entity
- Is FXCM licensed to serve clients in Kenya?
- No CMA licence Checked on 27.08.2026.
- How much does one round turn cost at FXCM?
- About 7.5 USD per standard lot on EUR/USD. The median across brokers measured for Kenya is 7.0 USD.
- What leverage does FXCM offer to retail clients in Kenya?
- Up to 1:400. leverageGeo: Up to 1:400
- Which trading platforms does FXCM support?
- Trading Station, MT4, TradingView. Instruments: Forex, CFDs, crypto
- How can I withdraw money from FXCM in Kenya?
- Bank transfer, cards
- What account types does FXCM offer?
- 3 retail, 1 pro
- Does FXCM offer a swap-free (Islamic) account?
- Conditional.