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56 brokers measured37 pricedmedian 7.0 USDformula v1.0Data captured 02.11.2026Some links are partner links. They never change a score or a position.
Compiled and checked by the Tsavo Desk editorial deskScore recalculated 02.11.2026How we counted this

Recalculated 2026-11-02 · Etica Capital Ltd

Etica (Etica Capital MMF) — Kenya

Etica (Etica Capital MMF) is rated 3.71 out of 5 by our formula (scored, but outside the ranking) for traders in Kenya: round turn not priced, residents accepted — Yes.

How we score

Suits you if it takes residents of Kenya · it holds a local licence

Look elsewhere if the minimum is 100 USD against 25 USD in this market

Key facts (8)

Who actually onboards you
Etica Capital Ltd
Licence number
171
Established
—
Min deposit, USD
100 USDgeo
Platforms
—
Local funding
M-Pesa, bank transfer (not verified at review fo
Max leverage
—
EURUSD
—

Accounts (1)

Etica (Etica Capital MMF) publishes no cost per lot for any account offered in Kenya.

See the 37 brokers here that publish one

This broker against the Kenya middle (37 of 56)

Etica (Etica Capital MMF)Kenya median
Round turn, USD—7.0 USD
Min deposit, USD100 USDgeo25.0 USD
Max leverage—500.0geo
Withdrawal, h2 working daysgeo48.0 h
EURUSD, standard—1.0 pips
EURUSD, raw—0.0 pips
Established—2009.0
Platforms03.0
Yes

Licensed in Kenya

CMA-regulated domestic collective investment scheme (money market fund)

28 of 56 brokers in our base hold a licence issued in Kenya. That is a fact about the market, not about Etica (Etica Capital MMF).

Who actually onboards you
Etica Capital Ltd
Licence number
171
Local licence
yes
Checked
2026-07-11

Score (4/6 axes)

3.71of 5

A weighted average of the axes below. Each axis is measured on the same scale as the score itself, and carries the weight shown beside it.

5.0Trader reviews25% → 35.7%
4.5Licence and entity20% → 28.6%
3.0Withdrawal speed15% → 21.4%
0.0Platforms and programs10% → 14.3%

Check:35.7% × 5.00+ 28.6% × 4.50+ 21.4% × 3.00+ 14.3% × 0.00= 3.71

Shown, not ranked: no round-turn price

Licence check

Licence number
171
Checked
2026-07-11

Register

Who actually onboards you

Etica Capital Ltd

Locally licensed entity

Etica Capital Ltd (Kenya); fund manager of the Etica Money Market Fund (KES and USD)

What one lot actually costs in Kenya (37 of 56)

Round turn, USD
—
Median
7.0 USD

Account types and entry terms

MMF investment account (KES and USD money market funds)

How long a withdrawal takes

Withdrawal, h
2 working daysgeo

Platforms and markets (0)

Money market fund investing in government securities, fixed deposits, high-quality commercial paper; KES and USD MMF variants

The public rating

Reviews
5.0/604group

5.0 604 reviews

Upsides and the things that are missing

Pros (1)

  • Licensed locally: 171

Cons (0)

  • —

Where else a Kenya resident can go (6)

Where it does not serve

no data

Methodology

the weighted mean of six axes, each on the same 0–5 scale · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%

Methodology

Sources (4)

4 sources, read on 2026-07-11. Ordered by weight of evidence: regulator registers first, then the broker's own documents, review platforms and aggregators.

  1. Regulator registers
  2. 1licensees.cma.or.kelicensees.cma.or.ke · domainRegister
  3. The broker's own documents
  4. 2eticacap.cometicacap.com · domainBroker
  5. 3eticacap.com/money-market-fund-keseticacap.com · pageBroker
  6. 4eticacap.com/wp-content/uploads/2025/10/Etica_Brochure_Oct2025.pdfeticacap.com · pageBroker

FAQ (4)

Does Etica (Etica Capital MMF) accept residents of Kenya?

Yes.

Which entity onboards a Kenya client of Etica (Etica Capital MMF)?

Etica Capital Ltd

What licence does Etica (Etica Capital MMF) hold for Kenya?

Licence 171.

How long does a withdrawal from Etica (Etica Capital MMF) take?

Etica (Etica Capital MMF) publishes 2 working days. Their own wording: “Withdrawal to bank is free and paid within 2 working days.”.