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FXGT 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%55
- Safety20%10
- Payouts15%40
- Track record10%35
- Platforms10%80
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- GT Global Ltd
- Founded
- 2019
- Retail leverage
- 5000KE
- Round turn
- 14 USDKE
- Currencies
- USD, EUR and JPY; no KES account, so KES funding is converted.
- Swap-free account
- yes
Licence check
Open an account with FXGTThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards Kenya residents
- GT Global Ltd
- Local standing
- Offshore (Seychelles FSA); not licensed by Kenya's Capital Markets Authority, so no local investor-protection fund.
- Licence as the register states it
- GT Global Ltd holds Seychelles FSA Licence No. SD019; no Kenyan CMA licence.
- Leverage for this entity
- Up to 1:5000 on Optimus; not capped by a Kenyan regulator.
- The firm behind it
- GT Group brand, launched 2019; crypto-forex hybrid broker with Seychelles/FSCA/Vanuatu/CySEC entities.
- What we hold against it
- Offshore only; not CMA-licensed, so caveat vs local CMA-regulated brokers; no verified CMA alert.
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 youOffshore (Seychelles FSA); not licensed by Kenya's Capital Markets Authority, so no local investor-protection fund.
- 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: Mini, Standard+, Micro/Cent, Pro, ECN Zero, Optimus, commission-free except ECN Zero, min deposit from ~USD 5-50. 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://fxgt.com
Not tax advice. Check with the Kenya Revenue Authority.
Deposit and withdrawal methods (4 methods · 0 local rails)
Cards, bank wire, e-wallets and crypto;
- Cards
- Bank wire
- E-wallets
- Crypto
- Account currency
- USD, EUR and JPY; no KES account, so KES funding is converted.
- Fee declared
- 4 of 4 methods
- Withdrawal back to
- the funding method
Where it does not serve(8 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(3 platforms)
- MT4
- MT5
- FXGT WebTrader/app
Identical for every row: Min spread 0.8 · Leverage 5000 KE.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.3 | 1,586 |
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)
- Min deposit 5 USD, under the Kenya median 25
- Swap-free account available
- Platforms 80 of 100, its strongest of 6 scored axes
- 3 platforms: MT4, MT5, FXGT WebTrader/app
- Round turn 14 USD on the standard basis, over the Kenya median 7
- No Kenya authorisation on file: the entity that onboards you is licensed elsewhere
- 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
- 13KE
- Min deposit, USD
- 5 groupKE
- Leverage
- 3000KE
- Rank in this country
- #27
- Round turn, USD
- 4.5KE
- Min deposit, USD
- 0KE
- Leverage
- 500KE
- Rank in this country
- #7
- Round turn, USD
- 6KE
- Min deposit, USD
- 0 groupKE
- Leverage
- 500 group
- Rank in this country
- #10
- Round turn, USD
- 9KE
- Min deposit, USD
- 25 groupKE
- Leverage
- 1000KE
- Rank in this country
- #17
- Round turn, USD
- 18KE
- Min deposit, USD
- 50KE
- Leverage
- 1000KE
- Rank in this country
- #34
- Round turn, USD
- 7KE
- Min deposit, USD
- 20 groupKE
- Leverage
- 200KE
- Rank in this country
- #3
"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 | FXGT |
|---|---|---|---|
| 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 | 55 |
| 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 | 35 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 80 |
Where FXGT sits in the Kenya base(55 brokers)
Round-turn cost, USD (36 of 55 priced)
Median 7 USD · range 3-23 · this broker 14 USD · 19 of 55 brokers do not publish it
Minimum deposit, USD (27 of 55 priced)
Median 25 USD · range 0-2500 · this broker 5 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 1:5000 · 26 of 55 brokers do not publish it
Withdrawal time published (55 brokers)
FAQ
- Does FXGT accept residents of Kenya?
- No. Offshore (Seychelles FSA); not licensed by Kenya's Capital Markets Authority, so no local investor-protection fund. Onboarding entity: GT Global Ltd
- Is FXGT licensed to serve clients in Kenya?
- GT Global Ltd holds Seychelles FSA Licence No. SD019; no Kenyan CMA licence. Checked on 09.07.2026.
- How much does one round turn cost at FXGT?
- About 14.0 USD per standard lot on EUR/USD. The median across brokers measured for Kenya is 7.0 USD.
- What leverage does FXGT offer to retail clients in Kenya?
- Up to 1:5000. Up to 1:5000 on Optimus; not capped by a Kenyan regulator.
- Which trading platforms does FXGT support?
- MT4, MT5, FXGT WebTrader/app. Instruments: 50+ FX pairs, 30+ crypto CFDs, synthetic crypto pairs, 50+ US share CFDs, 10+ indices, metals and energy CFDs.
- How can I withdraw money from FXGT in Kenya?
- Cards, bank wire, e-wallets and crypto; M-Pesa availability not verified at review.
- What account types does FXGT offer?
- Mini, Standard+, Micro/Cent, Pro, ECN Zero and Optimus; commission-free except ECN Zero; min deposit from ~USD 5-50.
- Does FXGT offer a swap-free (Islamic) account?
- Yes. FXGT offers a swap-free (Islamic) account to Kenya residents.