Go to FxProSBG Securities in Kenya — review, licence and costs
Score (3 of 6 axes scored)
shown, not ranked: only 40% of the weight has data, need 55%
- Safety20%100
- Track record10%95
- Platforms10%0
Numbered by weight: axis 1 counts for most.
Key facts
Licence check
The broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards Kenya residents
- SBG Securities Ltd — 100% subsidiary of Stanbic Holdings Plc, part of Standard Bank Group
- Local standing
- CMA-regulated domestic stockbroker
- Licence as the register states it
- CMA-licensed stockbroker; member/trading participant of the NSE
- Leverage for this entity
- no retail forex; margin limited
- The firm behind it
- Commenced operations March 2000; acquired Equity Stock Brokers (2001); parent CfC merged with Stanbic Bank Kenya 2008. One of the top brokers by equity turnover on the NSE (reported ~50% market share in equities as of May 2023).
- What we hold against it
- not verified at review (bank-group-owned, generally strong reputation)
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.
no retail forex; margin limited
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youCMA-regulated domestic stockbroker
- 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: CDS account + trading account (online, advisory) for NSE securities. 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 |
| Bank transfer | 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://www.sbgsecurities.co.ke/sbgsecurities/securities
Not tax advice. Check with the Kenya Revenue Authority.
Deposit and withdrawal methods (2 methods · 1 local)
M-Pesa, bank transfer (not verified at review for specifics)
- M-Pesalocal
- Bank transfer
- Account currency
- KES
- Fee declared
- 2 of 2 methods
- Withdrawal back to
- the funding method
Where it does not serve(1 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(1 platform)
- Online trading platform (ActiveLite via csfs.co.ke)
| Class | Count | Min spread | Leverage |
|---|---|---|---|
| Online trading platform (ActiveLite via csfs.co.ke) | — | — | —KE |
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.
Pros and cons(2 for and 5 against, each tied to a figure on this page)
- Authorised by the Kenya regulator in its own register
- Safety 100 of 100, its strongest of 3 scored axes
- Round-turn cost not priced: the pair of spread and commission is not published
- Min deposit 100 USD, over the Kenya median 25
- Withdrawal time not published
- Platforms 0 of 100, its weakest of 3 scored axes
- Not scored on reviews, round-turn cost, payouts: the broker publishes no figure we could read
Alternatives in Kenya(6 of 55 scored in Kenya)
- Round turn, USD
- 8KE
- Min deposit, USD
- 100 groupKE
- Leverage
- 500 group
- Rank in this country
- #1
- Round turn, USD
- 7KE
- Min deposit, USD
- 100KE
- Leverage
- 1000 group
- Rank in this country
- #5
- Round turn, USD
- 9KE
- Min deposit, USD
- 100KE
- Leverage
- 400KE
- Rank in this country
- #11
- Round turn, USD
- 6KE
- Min deposit, USD
- 0 groupKE
- Leverage
- 2000 group
- Rank in this country
- #2
- Round turn, USD
- 7KE
- Min deposit, USD
- 10KE
- Leverage
- 400KE
- Rank in this country
- #4
- Round turn, USD
- 6KE
- Min deposit, USD
- 0 groupKE
- Leverage
- 500 group
- Rank in this country
- #10
"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 | SBG Securities |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | — |
| 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 | 100 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | — |
| Track record | 10% | Years since the firm was founded, from its own filings | 95 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 0 |
— the broker does not publish this figure; it is not read as a zero and it is not scored.
Where SBG Securities 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 100 USD · 28 of 55 brokers do not publish it
Retail leverage (29 of 55 with a Kenya figure)
Median 1:500 · range 30-5000 · 26 of 55 brokers do not publish it
Withdrawal time published (55 brokers)
FAQ
- Does SBG Securities accept residents of Kenya?
- Yes. CMA-regulated domestic stockbroker Onboarding entity: SBG Securities Ltd — 100% subsidiary of Stanbic Holdings Plc, part of Standard Bank Group
- Is SBG Securities licensed to serve clients in Kenya?
- CMA-licensed stockbroker; member/trading participant of the NSE Checked on 11.07.2026.
- Which trading platforms does SBG Securities support?
- Online trading platform (ActiveLite via csfs.co.ke). Instruments: NSE-listed equities and bonds
- How can I withdraw money from SBG Securities in Kenya?
- M-Pesa, bank transfer (not verified at review for specifics)
- What account types does SBG Securities offer?
- CDS account + trading account (online and advisory) for NSE securities