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Plus500 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%60
- Round-turn cost20%no data
- Safety20%0
- Payouts15%40
- Track record10%90
- Platforms10%no data
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- Plus500CY Ltd
- Founded
- 2008
- Retail leverage
- 30KE
- Round turn
- 13 USDKE
- Currencies
- USD, GBP, EUR, ZAR
- Swap-free account
- yes
Licence check
Open an account with Plus500The broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards Kenya residents
- Plus500CY Ltd
- Local standing
- Not CMA regulated
- Licence as the register states it
- CySEC
- Leverage for this entity
- Up to 1:30
- The firm behind it
- London-based listed firm
- What we hold against it
- Mixed online reviews
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 regulated
- 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: Real, Demo, Islamic. 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.
Taxes for a Kenyan resident
Not tax advice. Check with the Kenya Revenue Authority.
Deposit and withdrawal methods (1 methods · 0 local rails)
No KES payments
- Account currency
- USD, GBP, EUR, ZAR
- Fee declared
- 0 of 0 methods
- Withdrawal back to
- the funding method
Where it does not serve(2 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)
- WebTrader
- mobile app
| Class | Min spread | Leverage |
|---|---|---|
| WebTrader | 1.3 | 30KE |
| mobile app | 1.3 | 30KE |
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 | 4.2 | 5, 1,827 |
Share of reviewers in Kenya: — The platform does not publish it.
Pros and cons(2 for and 4 against, each tied to a figure on this page)
- Swap-free account available
- Track record 90 of 100, its strongest of 6 scored axes
- Round turn 13 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 0 of 100, its weakest of 6 scored axes
Alternatives in Kenya(6 of 55 scored in Kenya)
- Round turn, USD
- 8KE
- Min deposit, USD
- 100KE
- Leverage
- 200KE
- Rank in this country
- #28
- Round turn, USD
- 13KE
- Min deposit, USD
- 5 groupKE
- Leverage
- 3000KE
- Rank in this country
- #27
- Round turn, USD
- 9KE
- Min deposit, USD
- 100 groupKE
- Leverage
- 400KE
- Rank in this country
- #13
- Round turn, USD
- 7KE
- Min deposit, USD
- 100KE
- Leverage
- 500KE
- Rank in this country
- #18
- Round turn, USD
- 14KE
- Min deposit, USD
- 5KE
- Leverage
- 5000KE
- Rank in this country
- #30
- 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 | Plus500 |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 60 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 60 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 0 |
| 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 | 90 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 0 |
Where Plus500 sits in the Kenya base(55 brokers)
Round-turn cost, USD (36 of 55 priced)
Median 7 USD · range 3-23 · this broker 13 USD · 19 of 55 brokers do not publish it
Minimum deposit, USD (27 of 55 priced)
Median 25 USD · range 0-2500 · 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 1:30 · 26 of 55 brokers do not publish it
Withdrawal time published (55 brokers)
FAQ
- Does Plus500 accept residents of Kenya?
- Yes. Not CMA regulated Onboarding entity: Plus500CY Ltd
- Is Plus500 licensed to serve clients in Kenya?
- CySEC Checked on 27.08.2026.
- How much does one round turn cost at Plus500?
- About 13.0 USD per standard lot on EUR/USD. The median across brokers measured for Kenya is 7.0 USD.
- What leverage does Plus500 offer to retail clients in Kenya?
- Up to 1:30. leverageGeo: Up to 1:30
- Which trading platforms does Plus500 support?
- WebTrader, mobile app. Instruments: CFDs, shares, futures
- How can I withdraw money from Plus500 in Kenya?
- No KES payments
- What account types does Plus500 offer?
- Real, Demo, Islamic
- Does Plus500 offer a swap-free (Islamic) account?
- Yes. Plus500 offers a swap-free (Islamic) account to Kenya residents.