Recalculated 2026-11-02 · Established 2005 · Kenyan clients can be onboarded under th
FP Markets — Kenya
FP Markets is rated 4.12 out of 5 by our formula (Rank #2 of 36) for traders in Kenya: round turn 8 USD, residents accepted — Yes.
Suits you if it takes residents of Kenya · a swap-free account is available · it runs 4 trading platforms
Look elsewhere if the round turn is 8 USD against a 7 USD median here · the minimum is 100 USD against 25 USD in this market
Key facts (8)
- Who actually onboards you
- Kenyan clients can be onboarded under the locally licensed subsidiary
- Licence number
- 103
- Established
- 2005group
- Min deposit, USD
- 100 USDgroup
- Platforms
- MT4 · MT5 · cTrader · TradingView
- Local funding
- Cards, bank wire and e-wallets; local M-Pesa/KES
- Max leverage
- 500group
- EURUSD
- 1.0 pipsgroup
Accounts (2)
2 of 2 accounts with a published cost per lot
2 of 2 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 |
|---|---|---|---|---|---|
| FP MarketsStandard Account | — | — | Anyper standard lot | 0round turn, USD | Swap-free |
| FP MarketsRaw Account | — | 0advertised | 6per standard lot | 6round turn, USD | Swap-free |
This broker against the Kenya middle (37 of 56)
| FP Markets | Kenya median | |
|---|---|---|
| Round turn, USD | 8.0 USD | 7.0 USD |
| Min deposit, USD | 100 USDgroup | 25.0 USD |
| Max leverage | 500group | 500.0geo |
| Withdrawal, h | 1-3 business daysgroup | 48.0 h |
| EURUSD, standard | 1.0 pipsgroup | 1.0 pips |
| EURUSD, raw | 0.2 pipsgroup | 0.0 pips |
| Established | 2005group | 2009.0 |
| Platforms | 4 | 3.0 |
Licensed in Kenya
Locally regulated in Kenya by the CMA (non-dealing FX broker) - a genuine local authorisation, not merely offshore.
28 of 56 brokers in our base hold a licence issued in Kenya. That is a fact about the market, not about FP Markets.
- Who actually onboards you
- Kenyan clients can be onboarded under the locally licensed subsidiary FP Markets Ltd (FP M
- Licence number
- 103
- Local licence
- yes
- Checked
- 2026-07-09
Score (6/6 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:25.0% × 4.50+ 20.0% × 4.25+ 20.0% × 5.00+ 15.0% × 2.00+ 10.0% × 5.00+ 10.0% × 3.50= 4.12
Ranked against brokers measured on every axis
Licence check
- Licence number
- 103
- Checked
- 2026-07-09
Who actually onboards you
Kenyan clients can be onboarded under the locally licensed subsidiary FP Markets Ltd (FP Markets Limited), or via the of
Locally licensed entity
What one lot actually costs in Kenya (37 of 56)
raw+commission
Account types and entry terms
Standard (commission-free) and Raw (0.0 pip + commission) on MT4/MT5/cTrader/TradingView; min deposit USD 100.
How long a withdrawal takes
Platforms and markets (4)
MT4 · MT5 · cTrader · TradingView
10,000+ CFDs: 60+ FX pairs, indices, commodities, shares, ETFs, bonds and crypto CFDs.
The public rating
FP Markets holds a Trustpilot score of 4.8/5 based on 10,091 reviews
Upsides and the things that are missing
Pros (2)
- Licensed locally: 103
- Swap-free account available
Cons (1)
- Round turn 8.0 USD against a Kenya median of 7.0
Where else a Kenya resident can go (6)
Where it does not serve
United States, Japan, North Korea, Iran, Iraq, Belgium, Canada
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%
Sources (3)
3 sources, read on 2026-07-09. Ordered by weight of evidence: regulator registers first, then the broker's own documents, review platforms and aggregators.
- Aggregators and directories
- 1fpmarkets.com/blog/fpmarkets-awarded-fx-broker-licence-in-kenyafpmarkets.com · pageAggregator
- 2leaprate.comleaprate.com · domainAggregator
- 3prnewswire.comprnewswire.com · domainAggregator
FAQ (5)
Does FP Markets accept residents of Kenya?
Yes.
Which entity onboards a Kenya client of FP Markets?
Kenyan clients can be onboarded under the locally licensed subsidiary FP Markets Ltd (FP Markets Limited), or via the offshore arm.
What licence does FP Markets hold for Kenya?
Licence 103.
What does one EURUSD lot cost at FP Markets?
8.0 USD per round turn against a Kenya median of 7.0 USD, measured on 37 of 56 brokers.
How long does a withdrawal from FP Markets take?
FP Markets publishes 1-3 business days. Their own wording: “FP Markets withdrawals typically take 1–3 business days to process.”.