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FXTM 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%15
- Round-turn cost20%10
- Safety20%100
- Payouts15%80
- Track record10%75
- Platforms10%50
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- Exinity Capital East Africa Ltd
- Founded
- 2011
- Retail leverage
- 400KE
- Round turn
- 23 USDKE
- Currencies
- USD (EUR/GBP); KES account not confirmed but funding via KES rails.
- Swap-free account
- yes
Licence check
Open an account with FXTMThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards Kenya residents
- Exinity Capital East Africa Ltd
- Local standing
- Genuinely locally regulated by CMA; among the compliant CMA brokers in Kenya.
- Licence as the register states it
- LOCAL CMA Kenya licence No. 135 (Non-Dealing Online FX Broker) — positive.
- Leverage for this entity
- Capped at 1:400 per CMA rules (vs up to 1:2000 offshore).
- The firm behind it
- FXTM founded 2011 Cyprus, Exinity group; long-standing East-Africa presence.
- What we hold against it
- Strong: local CMA licence + Nairobi office; well regarded in Kenya.
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 youGenuinely locally regulated by CMA; among the compliant CMA brokers in Kenya.
- 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/Cent/ECN range, Islamic available. 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 |
| Also cards | 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://licensees.cma.or.ke
Not tax advice. Check with the Kenya Revenue Authority.
Deposit and withdrawal methods (2 methods · 1 local)
M-Pesa (Safaricom), Airtel Money KE, Equitel KE — instant, no fee;
- M-Pesalocal
- Also cards
- Account currency
- USD (EUR/GBP); KES account not confirmed but funding via KES rails.
- Fee declared
- 2 of 2 methods
- Withdrawal back to
- the funding method
Where it does not serve(18 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
- FXTM app
Identical for every row: Min spread 1.6 · Leverage 400 KE.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 3.3 | 5, 92 |
Share of reviewers in Kenya: — The platform does not publish it.
Pros and cons(6 for and 3 against, each tied to a figure on this page)
- Locally authorised, licence 135, read on 09.07.2026
- Min deposit 10 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
- Safety 100 of 100, its strongest of 6 scored axes
- 3 platforms: MT4, MT5, FXTM app
- Round turn 23 USD on the standard basis, over the Kenya median 7
- The published 1:400 comes from the group's offshore entity, not from the Kenya one
- Round-turn cost 10 of 100, its weakest of 6 scored axes
Alternatives in Kenya(6 of 55 scored in Kenya)
- Round turn, USD
- 17KE
- Min deposit, USD
- 5KE
- Rank in this country
- #24
- 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
- 5KE
- Leverage
- 400KE
- Rank in this country
- #6
- Round turn, USD
- 5KE
- Min deposit, USD
- 10KE
- Leverage
- 2000KE
- Rank in this country
- #31
"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 | FXTM |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 15 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 10 |
| 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 | 80 |
| Track record | 10% | Years since the firm was founded, from its own filings | 75 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 50 |
Where FXTM sits in the Kenya base(55 brokers)
Round-turn cost, USD (36 of 55 priced)
Median 7 USD · range 3-23 · this broker 23 USD · 19 of 55 brokers do not publish it
Minimum deposit, USD (27 of 55 priced)
Median 25 USD · range 0-2500 · this broker 10 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 FXTM accept residents of Kenya?
- Yes. Genuinely locally regulated by CMA; among the compliant CMA brokers in Kenya. Onboarding entity: Exinity Capital East Africa Ltd
- Is FXTM licensed to serve clients in Kenya?
- LOCAL CMA Kenya licence No. 135 (Non-Dealing Online FX Broker) — positive. Checked on 09.07.2026.
- How much does one round turn cost at FXTM?
- About 23.0 USD per standard lot on EUR/USD. The median across brokers measured for Kenya is 7.0 USD.
- What leverage does FXTM offer to retail clients in Kenya?
- Up to 1:400. Capped at 1:400 per CMA rules (vs up to 1:2000 offshore).
- Which trading platforms does FXTM support?
- MT4, MT5, FXTM app. Instruments: FX, indices, commodities, stock CFDs, limited crypto CFDs.
- How can I withdraw money from FXTM in Kenya?
- M-Pesa (Safaricom), Airtel Money KE, Equitel KE — instant, no fee; also cards/bank.
- What account types does FXTM offer?
- Standard/Cent/ECN range; Islamic available.
- Does FXTM offer a swap-free (Islamic) account?
- Yes. FXTM offers a swap-free (Islamic) account to Kenya residents.