CAN I OPEN A TRADING ACCOUNT WITH INTERACTIVE BROKERS IN KENYA?
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Interactive Brokers is an American company offering one of the most popular Trading platforms globally and, yes, Interactive Brokers opens accounts to clients residing in Kenya. However, please note that the platform might not be suitable for Beginners since simplicity is not how you would describe it. It does offer many features for Pro Traders, but if you are not part of a Dealing Desk of a Big Financial Institution, perhaps you might want to try a simpler [And cheaper] option.
When compared to other CFD Brokers, Pepperstone stands out from the fact that they offer ultra-low spreads and powerful trading platforms. Several industry experts have stated that indeed Pepperstone has made a valuable contribution to the financial services industry, reason why the company has one of the highest conversion rates (A potential client who tries it, later becomes a client). Pepperstone handles an average of $125.5 billion in trading orders per day, meaning that it is one of the world's largest FX brokers worldwide.
¿Concerned about who's regulating them? Well, they are heavily regulated in Australia, the UK, UAE and the Bahamas, so, it is fair to say that it is a trustworthy Broker. Also, Pepperstone is one of the few brokers which is regulated by the CMA and has operational offices in Nairobi. By the way, opening a Trading account requires a simple process, you just need to upload an ID and a Utility bill through their App and in a few days, you are ready to go.
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