Financial trading is very well-regulated and popular in Africa, especially in Kenya. There are a multitude of successful prop firms operating within the country. We use advanced research methodology to review and evaluate firms in all important aspects including safety, fees, funding options, rules, support, etc. To select the best prop trading Firms in Kenya we have conducted research and found the top firms:
These firms are all offering funded account options to traders in Kenya and allow them to access advanced platforms such as MT4 through regulated brokers. Funded trading can be especially attractive for Kenyans as the country is still in a developing phase and average salaries are low. The abovementioned forex prop firms in Kenya offer best-in-class services with superior safety and flexibility. Traders will be able to start controlling large-size funded accounts with small one-time fees in the majority of cases.
Top 3 Prop Trading Firms In Kenya
From top prop trading firms in Kenya, three firms stand out for their reliability and minimalistic trading rules. These firms offer unparalleled safety, low fees, funding diversity, and excellent support. None of these firms have hidden rules, meaning traders will have to adhere only to what’s written on their accounts page. These firms are not exactly located in Kenya but are offering their services to global traders including Kenyans.
Funded Trading Plus – Overall the best
One of the main concerns when reviewing the prop firms is their hidden rules that can come at traders from nowhere and make their whole experience frustrating. Funded Trading Plus focuses on eliminating all the hidden rules and works in a what you see you will get style. All the rules are displayed on the accounts page and there are zero hidden rules. This is especially important for beginners who might overlook the terms and conditions page. The key specs of the Funded Trading Plus are:
80% of maximum profit split enabling traders to get 80% of all profits.
The smallest funded account is 5,000 USD and it requires a 119 USD one-time fee. The maximum funding amount when employing the firm’s scaling plan is capped at 2.5 million USD. The support is one of the best and offers all popular channels including email, live chat, and hotline. The firm has a 4.05 score out of 5 on our platform.
Sign up with Funded Trading Plus now
FTMO – Very reliable, super popular
FTMO is the most popular prop firm with solid evaluations from traders across the globe. The firm has a higher than 4 score on the FPA platform and has a decent experience in the industry since 2015. The smallest funded account of 10,000 USD requires a 164 USD fee which is slightly above the industry average of 150 USD. The scaling plan allows successful traders to increase their funding to 2 million USD. Traders can access Forex, stocks, commodities, indices, and cryptos on the MT4 and MT5 advanced platforms. The firm has a well-deserved 4.03 score out of 5 on our platform.
Blue Guardian – Solid Prop Firm
Blue Guardian has the smallest audition fee of 87 USD for the smallest 10,000 USD funded account. Traders can reach up to 2 million USD in funding using the scaling plan and get 85% of the profits made on Forex, cryptos, indices, and commodities. The firm provides access to all these markets using the MT4 through its partner broker. Blue Guardian gets a 3.95 score out of 5 which is a solid result.
Sign up with Blue Guardian now
All Prop Trading Firms Available To Kenyan Traders
We will offer an exclusive summary of services and specs in the below list of the best Kenyan proprietary trading firms. Here, we focus on the main points, such as the overall score on our platform, profit share, maximum funding option, minimum fee for minimum funding, and available markets. The firms are sorted by their convenience of services and maximum score on the FirmFunded platform.
- Funded Trading Plus – a 4.05 out of 5 FirmFunded score. Profit share is up to 80%. The maximum Funding is up to $2.5 million through scaling. The minimum audition fee starts at $119 for a $5,000 minimum funded account. Forex, commodities, and crypto trading are available for all funded accounts.
- FTMO – a 4.03 out of 5 FirmFunded score. The maximum of 90% profit share. Maximum funding of $2 million is available using scaling. The minimum audition fee is $164 for the minimum $10,000 account. Forex, indices, commodities, stocks, and crypto trading are all available for all funded traders.
- The 5ers – a 3.58 out of 5 FirmFunded score. Up to 90% profit share can be gained. A maximum of $4 million in funding is available through scaling. A minimum evaluation fee of $39 is charged for a $5,000 account. Forex, stocks, and commodities trading are available for trading on all funded accounts.
- FTUK – a 3.64out of 5 FirmFunded score. Up to 80% profit share. A maximum of $5 million in funding is possible through scaling. The minimum evaluation fee starts at $149 for a minimum $14,000 funded account. Forex, indices, commodities, and crypto trading are available for all traders who get funded.
- SurgeTrader – a 3.48 out of 5 FirmFunded score. Up to 90% profit share is available. Maximum possible funding is capped at $1 million. A minimum audition fee starts at $200 for the smallest funded accounts of $25,000. Forex, indices, commodities, and crypto trading are available for all funded traders.
- Fidelcrest – a 3.5 out of 5 FirmFunded score. Profit share is up to 90%. The maximum possible funding is capped at $2 million. The minimum audition fee starts at EUR 99 for the smallest $15,000 account. Forex, indices, commodities, and stocks are available for all funded traders.
- Bulenox – a 3.52 out of 5 FirmFunded score. Up to 90% profit share is available. Maximum funding of $150,000 is available without scaling. The minimum audition fee starts at $125 for the smallest $10,000 account. Forex, commodities, indices, and crypto trading are available for all funded traders.
- Finotive Funding – a 3.35 out of 5 FirmFunded score. Up to 95% profit share can be granted. Maximum possible funding of $3.2 million without scaling is accessible. The minimum audition fee starts at $50 for the smallest $2,500 account. Forex, indices, crypto, and commodities trading are available on all funded accounts.
There are a multitude of other prop firms that might be also reliable but we have selected the best from the firms we have reviewed so far. The research methodology allows us to ensure the top prop firms are legitimate and experienced companies that can be trusted. These firms have positive reviews online and their overall score is high around 4.
Head-to-Head Comparison Of Prop Trading Firms In Kenya
To visualize top prop trading firms from Kenya more easily, we have created a sheet to compare each firm’s critical specs to other firms. With this information, our readers will be able to grasp the difference between popular prop firms at one glance and make more informed decisions.
| Prop Firm | Blue Guardian | Funded Trading Plus | FTMO | The 5ers | SurgeTrader | Fidelcrest |
|---|---|---|---|---|---|---|
| Year founded | 2017 | 2013 | 2015 | 2016 | 2021 | 2018 |
| Minimum audition fee | USD 87 | USD 119 | USD 164 | USD 39 | USD 200 | EUR 99 |
| Instruments | Forex, Crypto, Indices, Commodities | Forex, Commodities, Crypto | Forex, Indices, Commodities, Stocks, Crypto | Forex, Stocks, Indices, Commodities | Forex, Crypto, Commodities, Indices | Forex, Indices, Commodities, Stocks |
| Minimum funded amount | $10,000 | $5,000 | $10,000 | $5,000 | $25,000 | $15,000 |
| Scaling | Yes | Yes | Yes | Yes | Yes | Yes |
| Maximum funded amount | $200,000 ($2 million via scaling) | $250,000 ($2.5 million via scaling) | $200,000 ($2 million via scaling) | Up to $4 million via scaling | $1 million | $1 million ($2 million via scaling) |
| Allowed daily loss | 4% | 3-4% | 5% | 5% | 5% | 5-10% |
| Profit target | 4-8% (1st and 2nd Phases) | 10% | 10% | 5-10% | 5-10%
(1-Phase and 2-Phase) |
5-20% (Pro and Micro Accs) |
| Max trailing drawdown | 8% | 5-8% | 10% | 10% | 8% | 20% |
| Profit share | 85% | 70-80% | 90% | 75-90% | 90% | 80-90% |
| MetaTrader Available | Yes | Yes | Yes | Yes | Yes | Yes |
| Safety | 3/5 | 3/5 | 5/5 | 1.5/5 | 3/5 | 3/5 |
| Education | 2/5 | 2/5 | 5/5 | 5/5 | 2.8/5 | 2.8/5 |
| Customer Support | 4/5 | 5/5 | 3.6/5 | 3.6/5 | 3.6/5 | 3.6/5 |
| Rules and Limitations | 5/5 | 4/5 | 4.8/5 | 3/5 | 2.9/5 | 3.2/5 |
| Fees | 4/5 | 5/5 | 2.5/5 | 4/5 | 2.5/5 | 4/5 |
| Overall | 3.95/5 | 4.05/5 | 4.03/5 | 3.58/5 | 3.48/5 | 3.5/5 |
| Action | Register | Register | Register | Register | Register | Register |
Kenya Prop Trading Firms And Their Supported Languages
The best forex prop firms in Kenya are all offering support and websites in English as the main languages in the country are Swahili and English. The popularity of the English language in Kenya is very advantageous for local traders as they can easily learn to trade on financial markets and start making a living. While the FTMO has the most language options available, all other firms have English as their main language for both support and websites.
| English | Italian | German | |
|---|---|---|---|
| Fidelcrest | |||
| Blue Guardian | |||
| SurgeTrader | |||
| Funded Trading Plus | |||
| FTMO | |||
| The 5ers |
Does CMA Oversee Prop Trading Companies In Kenya?
The Capital Markets Authority of Kenya or CMA is the main regulatory authority of financial markets and brokers in Kenya. However, proprietary firms are not required to be regulated by the CMA or to hold any license other than regular businesses do. This is because the prop firms are not directly offering trading services, but only funding. They allow trailers to control large accounts and trade on financial markets.
This lack of regulations from Kenyan authorities for the prop firms, allows the best prop firms to easily enter the local markets and offer their services. As a result, selecting the trustful prop firm is a simple process for Kenyans, just read our unbiased reviews, where all key details and specs are summarized comprehensively.
FAQ On The Best Prop Trading Firms In Kenya
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