Broker comparisons

Two of the most searched brokers in Kenya and South Africa, both with local licences.

Both are big with beginners in Africa; the difference is in how each is licensed in South Africa.

Two long-running brokers with CMA licences in Kenya and a presence in South Africa.

Both hold CMA and FSCA licences; HFM reports M-Pesa funding, FP Markets offers more platforms.

Vantage is FSCA-licensed but not on the CMA register; Exness holds both.

Deriv is popular in Kenya and Nigeria but holds no CMA or FSCA licence.

Octa is marketed heavily across Africa; here is how its licences compare with Exness.

Two well-known CFD brands. AvaTrade has local entities in Kenya and South Africa; Plus500 serves South Africa from Australia.

Two listed companies with FSCA licences for South African traders.

Both are licensed in Kenya; their South African status differs.