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Sterling Capital in Kenya — review, licence and costs
Score (4 of 6 axes scored)
shown, not ranked: no cost
- Reviews25%10
- Safety20%90
- Track record10%100
- Platforms10%0
Numbered by weight: axis 1 counts for most.
Key facts
Licence check
Open an account with Sterling CapitalThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards Kenya residents
- Sterling Capital Ltd
- Local standing
- CMA-regulated domestic firm (investment bank / stockbroker)
- Licence as the register states it
- CMA-licensed (listed on CMA register as investment bank / originally licensed as stockbroker); NSE member
- Leverage for this entity
- no retail forex; margin limited
- The firm behind it
- Established 1994; long-standing NSE member and CMA licensee; provides equities trading, bonds, transaction advisory and public offers
- What we hold against it
- not verified at review
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 firm (investment bank / 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/investment account 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://sterlingib.com/
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 for buying/selling shares
| Class | Count | Min spread | Leverage |
|---|---|---|---|
| Online trading platform for buying/selling shares | — | — | —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.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 04.10.2026 | 3.2 | 3 |
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)
- Authorised by the Kenya regulator in its own register
- Track record 100 of 100, its strongest of 4 scored axes
- Round-turn cost not priced: the pair of spread and commission is not published
- Withdrawal time not published
- Platforms 0 of 100, its weakest of 4 scored axes
- Not scored on 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
- 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
- 100KE
- Leverage
- 1000 group
- Rank in this country
- #5
- 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 | Sterling Capital |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 10 |
| 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 | 90 |
| 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 | 100 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 0 |
Where Sterling Capital 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 · 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 Sterling Capital accept residents of Kenya?
- Yes. CMA-regulated domestic firm (investment bank / stockbroker) Onboarding entity: Sterling Capital Ltd
- Is Sterling Capital licensed to serve clients in Kenya?
- CMA-licensed (listed on CMA register as investment bank / originally licensed as stockbroker); NSE member Checked on 11.07.2026.
- Which trading platforms does Sterling Capital support?
- Online trading platform for buying/selling shares. Instruments: NSE-listed equities, Kenya government treasury bonds/bills, corporate debt
- How can I withdraw money from Sterling Capital in Kenya?
- M-Pesa, bank transfer (not verified at review for specifics)
- What account types does Sterling Capital offer?
- CDS account + trading/investment account for NSE securities