Recalculated 2026-11-02 · Established 2011 · Mitrade Holding Ltd
Mitrade — Kenya
Mitrade is rated 2.41 out of 5 by our formula (scored, but outside the ranking) for traders in Kenya: round turn not priced, residents accepted — Through an offshore entity.
Suits you if you can open with 20 USD · it has been trading for 15 years
Look elsewhere if 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
- Mitrade Holding Ltd
- Licence number
- not stated
- Established
- 2011
- Min deposit, USD
- 20 USD
- Platforms
- Proprietary Mitrade app/web
- Local funding
- M-Pesa/local rails not verified at review; card/
- Max leverage
- 200geo
- EURUSD
- 0.4 pips
Accounts (2)
Mitrade publishes no cost per lot for any account offered in Kenya.
This broker against the Kenya middle (37 of 56)
| Mitrade | Kenya median | |
|---|---|---|
| Round turn, USD | — | 7.0 USD |
| Min deposit, USD | 20 USD | 25.0 USD |
| Max leverage | 200geo | 500.0geo |
| Withdrawal, h | 1-2 banking daysgroup | 48.0 h |
| EURUSD, standard | 0.4 pips | 1.0 pips |
| EURUSD, raw | — | 0.0 pips |
| Established | 2011 | 2009.0 |
| Platforms | 1 | 3.0 |
Onboards residents through an offshore entity
Not CMA-Kenya regulated; local law requires CMA authorization for online forex.
28 of 56 brokers in our base hold a licence issued in Kenya. That is a fact about the market, not about Mitrade.
- Who actually onboards you
- Mitrade Holding Ltd
- 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:31.2% × 4.00+ 25.0% × 0.50+ 18.7% × 3.00+ 12.5% × 3.75+ 12.5% × 0.00= 2.41
Shown, not ranked: no round-turn price
Licence check
- Licence number
- —
- Checked
- 2026-07-09
Who actually onboards you
Mitrade Holding Ltd
Offshore entity
Kenyan clients served via offshore Mitrade Holding Ltd (Cayman/CIMA).
What one lot actually costs in Kenya (37 of 56)
Account types and entry terms
Standard; min ~USD 20-50.
How long a withdrawal takes
Platforms and markets (1)
Proprietary Mitrade app/web
400+ CFDs: FX, indices, commodities, shares, ETFs, crypto.
The public rating
Trustpilot: 4.6/5 ★ Investing.com: 4.5/5 ★
Upsides and the things that are missing
Pros (0)
- —
Cons (1)
- 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, New Zealand, Belgium, United Kingdom, Singapore, Russian Federation, China, North Korea, Mauritius, Congo, Iran, Libya, South Sudan, Yemen, Iceland, France, Myanmar, Spain
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 (2)
2 sources, read on 2026-07-09. Ordered by weight of evidence: regulator registers first, then the broker's own documents, review platforms and aggregators.
- The broker's own documents
- 1mitrade.commitrade.com · domainBroker
- Aggregators and directories
- 2compareforexbrokers.comcompareforexbrokers.com · domainAggregator
FAQ (4)
Does Mitrade accept residents of Kenya?
Through an offshore entity.
Which entity onboards a Kenya client of Mitrade?
Mitrade Holding Ltd
What licence does Mitrade hold for Kenya?
No licence number is published for this country.
How long does a withdrawal from Mitrade take?
Mitrade publishes 1-2 banking days. Their own wording: “Mitrade processes withdrawal requests within 1-2 banking days.”.