Checked October 2026
Forex broker reviews: Kenya and South Africa
Every broker we track, with its licence status in each country. Pick one for the full review, or compare two brokers.
We track 45 forex brokers: 16 hold a CMA licence in Kenya, 28 are FSCA-regulated in South Africa, and 8 are licensed in both countries.
| Broker | 🇰🇪 Kenya (CMA) | 🇿🇦 South Africa (FSCA) |
|---|---|---|
| ACY Securities review | Not licensed | FSP 51008 |
| Admirals review | Licence 178 | Verifying |
| ANZO Capital review | Licence 219 | Verifying |
| ATFX review | Not licensed | FSP 55142 |
| AvaTrade review | Licence 262 | FSP 45984 |
| Capital.com review | Licence 244 | Approved ODP |
| CM Trading review | Not licensed | Verifying |
| Deriv review | Not licensed | Not licensed |
| Empire FX review | Licence 203 | Not licensed |
| Exness review | Licence 162 | FSP 51024 |
| FBS review | Not licensed | Verifying |
| FP Markets review | Licence 193 | FSP 50926 |
| FXCM review | Not licensed | FSP 46534 |
| FXPesa (Equiti) review | Licence 107 | Verifying |
| FxPro review | Not licensed | FSP 45052 |
| FXTM review | Licence 135 | FSP 46614 |
| GT247 review | Not licensed | FSP 46315 (Purple Group); ODP43 |
| Headway review | Not licensed | Verifying |
| HFM review | Licence 155 | FSP 46632 |
| IC Markets review | Licence 199 | FSP 53142 |
| IFX Brokers review | Not licensed | Approved ODP |
| IG review | Not licensed | FSP 41393 |
| INFINOX review | Not licensed | Verifying |
| INGOT Brokers review | Licence 173 | Verifying |
| JustMarkets review | Not licensed | FSP 51114 |
| Libertex review | Not licensed | Verifying |
| Markets.com review | Not licensed | FSP 46860 |
| Moneta Markets review | Not licensed | Verifying |
| Octa review | Not licensed | FSP 51913 |
| Pepperstone review | Licence 128 | Verifying |
| Plus500 review | Not licensed | FSP 47546 |
| PU Prime review | Not licensed | FSP 52218 |
| Scope Markets review | Licence 123 | Verifying |
| STARTRADER review | Not licensed | Verifying |
| ThinkMarkets review | Not licensed | Approved ODP |
| Tickmill review | Not licensed | FSP 49464 |
| Trade Nation review | Not licensed | FSP 49846 |
| Trade245 review | Not licensed | FSP 46044 |
| Trive review | Not licensed | FSP 27231 |
| Vantage Markets review | Not licensed | FSP 51268 |
| Vault Markets review | Not licensed | FSP 49015 |
| VT Markets review | Not licensed | FSP 50865 |
| Windsor Brokers review | Licence 156 | Verifying |
| XM review | Licence 233 | FSP 49976 |
| XTB review | Not licensed | Not licensed |