Retail online trading such as online stock trading in Kenya as well as online forex trading in Kenya are gaining traction with the increase in internet access, mobile phone usage and the Covid-19 pandemic. The following are some of the best legit online investment platforms in Kenya.
There are many investment opportunities in Kenya you can take advantage of. With a good strategy, you can earn a monthly income in Kenya to top up your income. Moreover, investment platforms such as M-Akiba allow Kenyans to invest in treasury bonds using their mobile phones.
Legit Investment Platforms in Kenya
In the dynamic and ever-evolving world of finance, Kenya has emerged as a vibrant hub for online trading, offering a number of legit investment platforms that cater to a diverse range of financial goals. Here’s a list of some reputable trading apps in Kenya.
Nairobi Securities Exchange
The Nairobi Securities Exchange (NSE) is the leading stock exchange in East Africa. It is regulated by the Capital Markets Authority. You can trade company securities on NSE. It is an excellent platform where you can trade with both local and foreign investors. Luckily, there’s a Nairobi Securities Exchange online trading platform that allows you to buy stock from wherever you are.
Saxo Bank
Saxo Bank Kenyaprovides online trading to Kenyans and other investment services. It is regulated by the UK Financial Conduct Authority (FCA) and the Danish Financial Services Agency (FSA). You can use the Saxo Bank app to trade in Kenya through its South African-based partner. SCM DMA (Pty) Ltd is Saxo Bank’s partner in Africa, providing online trading solutions in Kenya and the African region. You can sign up for online trading account on SCM DMA website or using TaderGo app on iOS or Android.
It has trading fees that depend on asset classes. Withdrawals and deposits are free. The trading fees for the US stock are $10 while that of the UK is $10.4.
Faida Investment Bank Online Trading
Faida Bank, which is one of the best investment banks in Kenya, has an online investment platform in Kenya called Faida M-Trader. The platform provides investors with opportunities that can help them create wealth. Faida investment app is one of the best investment apps in Kenya. You can download Faida investment bank app, for iOS and Android and start trading online. It is one of the best trading apps in Kenya. Faida provides their clients with well-researched information to help them make an informed judgment. They provide client statements market statistics, market recommendation reports and portfolio valuation reports.
Forex trading in Kenya
- Is forex trading legal in Kenya? Yes, forex trading in Kenya is completely legal and is regulated by the Capital Markets Authority of Kenya.
- FXPesa is one best online forex trading platform in Kenya.
SBG Securities Kenya
iTrader is SBG online share trading platform (part of Stanbic Bank in Kenya). The investment platform offers 24 hour access to share trading account, real time market prices and order placement, real time access to transaction statements and various trading reports such as stock holding and portfolio evaluation. In addition, the firm has a mobile based trading platform. SGB securities M-shares is SGB’s new solution that enables Kenyans to trade (buying and selling shares) using their mobile phones and USSD code *209# to register and start trading.
Read: Best Investment Banks in Kenya
NCBA Online Trading
NCBA Investment Bank offers a web based investment platform, the NCBA Online Share Trading (OST), if you wish to trade in securities. It is one of the best investment platforms in Kenya. You can also download NCBA trading app available for Android and iOS users. It is secure for mobile trading and banking.
With NCBA, you can trade online in fixed income, equities, online share trading, and derivatives. You can trade in bonds both in the secondary market trading and government bonds. You can buy Kenyan government treasury bonds and corporate bonds in the secondary market.
Hisa App
Hisa app is an investment app that allows everyday Africans to easily invest in both local and global assets including stocks, ETFs, bonds, mutual funds, forex, and more. A key feature of Hisa is the ability to invest in US stocks. This feature breaks down barriers and allows Kenyans to participate in the growth of some of the world’s most influential companies. With Hisa, you can now own a piece of Apple, Amazon, Microsoft, Tesla, Google, and other global giants, diversifying your portfolios and potentially reaping significant returns.
Choosing the Best Online Trading Platform in Kenya
When it comes to online investment apps in Kenya, there are a number of factors to consider when choosing the best option for you. These include the safety and security of your investments, the regulation of the trading platform, and the fees associated with trading.
It is important to make sure that the trading platform you choose is safe and secure. This means that your personal information and your investment funds should be protected from unauthorized access. You should also make sure that the trading platform is regulated by a reputable financial authority. This will help to protect you from fraud and other scams.
In addition to safety and security, you should also consider the fees associated with trading. Some trading platforms charge fees for deposits, withdrawals, and trades. These fees can eat into your profits, so it is important to compare fees before choosing a trading platform.
Finally, you should also consider the features and functionality of the trading platform. Some trading platforms offer more features than others, such as charting tools, technical analysis tools, and social trading features. Choose a trading platform that offers the features that are important to you.
