Recalculated 2026-11-02 · Established 2009 · FBS Markets Inc
FBS — Kenya
FBS is rated 2.46 out of 5 by our formula (Rank #28 of 36) for traders in Kenya: round turn 13 USD, residents accepted — Through an offshore entity.
Suits you if you can open with 5 USD · a swap-free account is available · it runs 3 trading platforms
Look elsewhere if the round turn is 13 USD against a 7 USD median here · it holds no licence issued in Kenya · you are onboarded by an offshore entity, not a local one
Key facts (8)
- Who actually onboards you
- FBS Markets Inc
- Licence number
- not stated
- Established
- 2009
- Min deposit, USD
- 5 USD
- Platforms
- MT4 · MT5 · FBS Trader app
- Local funding
- Cards, wire, e-wallets; M-Pesa availability not
- Max leverage
- 3000geo
- EURUSD
- 0.7 pipsgroup
Accounts (1)
1 of 1 accounts with a published cost per lot
1 of 1 shown
Click a column heading to sort. Figures are list terms, no promo codes.
| Broker · account | Min deposit, USD | Spread | Commission | Cost per lot | Swap-free |
|---|---|---|---|---|---|
| FBSStandard | 5 | 0.7advertised | Anyper standard lot | 7round turn, USD | — |
This broker against the Kenya middle (37 of 56)
| FBS | Kenya median | |
|---|---|---|
| Round turn, USD | 13.0 USD | 7.0 USD |
| Min deposit, USD | 5 USD | 25.0 USD |
| Max leverage | 3000geo | 500.0geo |
| Withdrawal, h | 24/7 hgroup | 48.0 h |
| EURUSD, standard | 0.7 pipsgroup | 1.0 pips |
| EURUSD, raw | 0.0 pips | 0.0 pips |
| Established | 2009 | 2009.0 |
| Platforms | 3 | 3.0 |
Onboards residents through an offshore entity
Offshore; not regulated by Kenya's CMA, no local compensation scheme.
28 of 56 brokers in our base hold a licence issued in Kenya. That is a fact about the market, not about FBS.
- Who actually onboards you
- FBS Markets Inc
- Licence number
- —
- Local licence
- no
- Checked
- 2026-07-09
Score (5/6 axes)
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.
Check:29.4% × 3.25+ 23.5% × 3.00+ 23.5% × 0.00+ 11.8% × 4.25+ 11.8% × 2.50= 2.46
Ranked against brokers measured on every axis
Licence check
- Licence number
- —
- Checked
- 2026-07-09
Who actually onboards you
FBS Markets Inc
Offshore entity
Kenyan clients onboarded via offshore FBS Markets Inc. (Belize).
What one lot actually costs in Kenya (37 of 56)
standard
Account types and entry terms
Cent, Standard, ECN/ECO, Zero Spread, Crypto.
How long a withdrawal takes
Platforms and markets (3)
MT4 · MT5 · FBS Trader app
FX pairs, metals, indices, energies, stocks, crypto CFDs.
The public rating
FBS holds a Trustpilot rating of 4.3 out of 5 stars based on approximately 9,100 reviews
Upsides and the things that are missing
Pros (1)
- Swap-free account available
Cons (2)
- Round turn 13.0 USD against a Kenya median of 7.0
- No local licence: the client is onboarded by a foreign entity
Where else a Kenya resident can go (6)
Where it does not serve
United States, Canada, Japan, United Kingdom, Iran, North Korea, Syria, Sudan, Myanmar
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%
FAQ (5)
Does FBS accept residents of Kenya?
Through an offshore entity.
Which entity onboards a Kenya client of FBS?
FBS Markets Inc
What licence does FBS hold for Kenya?
No licence number is published for this country.
What does one EURUSD lot cost at FBS?
13.0 USD per round turn against a Kenya median of 7.0 USD, measured on 37 of 56 brokers.
How long does a withdrawal from FBS take?
FBS publishes 24/7 hours. Their own wording: “Withdrawals are processed 24/7, with no days off”.