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Mitrade in Kenya — review, licence and costs
Score (5 of 6 axes scored)
shown, not ranked: no cost
- Reviews25%80
- Safety20%10
- Payouts15%60
- Track record10%75
- Platforms10%0
Numbered by weight: axis 1 counts for most.
Key facts (5 facts)
- Onboarding entity
- Mitrade Holding Ltd
- Founded
- 2011
- Retail leverage
- 200KE
- Currencies
- USD, AUD, EUR; no KES account.
- Swap-free account
- no
"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 MitradeThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards Kenya residents
- Mitrade Holding Ltd
- Local standing
- Not CMA-Kenya regulated; local law requires CMA authorization for online forex.
- Licence as the register states it
- No Kenya CMA licence; offshore only.
- Leverage for this entity
- Up to 1:200 on FX (offshore).
- The firm behind it
- CFD broker founded 2011; proprietary platform.
- What we hold against it
- No specific CMA-Kenya alert found at review; withdrawal-complaint pattern noted.
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 youNot CMA-Kenya regulated; local law requires CMA authorization for online forex.
- 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: Standard, min ~USD 20-50. 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://compareforexbrokers.com
Not tax advice. Check with the Kenya Revenue Authority.
Deposit and withdrawal methods (3 methods · 1 local)
M-Pesa/local rails not verified at review;
- M-Pesalocal
- Card
- Wire offshore
- Account currency
- USD, AUD, EUR; no KES account.
- Fee declared
- 3 of 3 methods
- Withdrawal back to
- the funding method
Where it does not serve(20 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)
- Proprietary Mitrade app/web
| Class | Count | Min spread | Leverage |
|---|---|---|---|
| Proprietary Mitrade app/web | — | 0.4 | 200KE |
| All instruments | 400 | — | 200KE |
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.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.6 | — |
Share of reviewers in Kenya: — The platform does not publish it.
Pros and cons(2 for and 5 against, each tied to a figure on this page)
- Min deposit 20 USD, under the Kenya median 25
- Reviews 80 of 100, its strongest of 5 scored axes
- Round-turn cost not priced: the pair of spread and commission is not published
- No Kenya authorisation on file: the entity that onboards you is licensed elsewhere
- The published 1:200 comes from the group's offshore entity, not from the Kenya one
- Platforms 0 of 100, its weakest of 5 scored axes
- Not scored on round-turn cost: the broker publishes no figure we could read
Alternatives in Kenya(6 of 55 scored in Kenya)
- Round turn, USD
- 6KE
- Min deposit, USD
- 0 groupKE
- Leverage
- 500 group
- Rank in this country
- #10
- Round turn, USD
- 6KE
- Min deposit, USD
- 10 groupKE
- Leverage
- 3000KE
- Rank in this country
- #14
- Round turn, USD
- 6KE
- Min deposit, USD
- 0KE
- Leverage
- 200KE
- Rank in this country
- #15
- Round turn, USD
- 9KE
- Min deposit, USD
- 25 groupKE
- Leverage
- 1000KE
- Rank in this country
- #17
- Round turn, USD
- 13KE
- Min deposit, USD
- 5 groupKE
- Leverage
- 3000KE
- Rank in this country
- #27
- Round turn, USD
- 14KE
- Min deposit, USD
- 5KE
- Leverage
- 5000KE
- Rank in this country
- #30
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 | Mitrade |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 80 |
| 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 | 10 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 60 |
| 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 | 0 |
Where Mitrade 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 · this broker 20 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 1:200 · 26 of 55 brokers do not publish it
Withdrawal time published (55 brokers)
FAQ
- Does Mitrade accept residents of Kenya?
- No. Not CMA-Kenya regulated; local law requires CMA authorization for online forex. Onboarding entity: Mitrade Holding Ltd
- Is Mitrade licensed to serve clients in Kenya?
- No Kenya CMA licence; offshore only. Checked on 09.07.2026.
- What leverage does Mitrade offer to retail clients in Kenya?
- Up to 1:200. Up to 1:200 on FX (offshore).
- Which trading platforms does Mitrade support?
- Proprietary Mitrade app/web. Instruments: 400+ CFDs: FX, indices, commodities, shares, ETFs, crypto.
- How can I withdraw money from Mitrade in Kenya?
- M-Pesa/local rails not verified at review; card/wire offshore.
- What account types does Mitrade offer?
- Standard; min ~USD 20-50.
- Does Mitrade offer a swap-free (Islamic) account?
- No. Mitrade publishes no swap-free (Islamic) account for Kenya.