Online forex trading is fast becoming popular in Kenya but so is the risk of falling victim to ponzi schemes. Kenya being a fairly new trading market as compared to South Africa and Nigeria, requires regulated forex brokers to support new and seasoned traders.
Globex360° is a leading global online trading provider allowing investors to trade in Forex and CFDs, indices, precious metals, energy and cryptocurrencies. Our state-of-the-art online trading platform (MetaTrader 4) provides complete quality assurance ensuring the best and most transparent online currency trading experience in Kenya.
How to start with forex trading in Kenya?
The key to get successful in forex trading is to get the timing right and make a profit based on the price movements. However, if you’re new to the field, the we recommend you to follow the steps mentioned below:
- Consult the best forex trading broker in Kenya.
- Open a trading account for forex trading.
- Make a deposit using the suggested payment method.
- Download the broker’s forex trading platform on your computer, tablet or smartphone.
- Start trading in forex.
The liquidity of the market has made it an attractive investment avenue for traders worldwide. As per BIS, the average tradition volume stands around $6.6 trillion per day over the globe.
Forex trading can be done 24-hours a day so investors enjoy high leverage in this market unlike the stock market. Talk to one of Kenya’s best forex trading brokers to develop a workable trading strategy to yield good results.
How Globex360 Helps With A Successful Online Forex Trading Experience in Kenya?
Kenya’s forex trading market can be extremely rewarding with more than 70,000 forex traders estimated to be currently operating in the market. However, not every online forex trader is fortunate enough to enjoy high returns on investment and thus educating yourself of the risk factors gives you an advantage.
- Volatile forex market that fluctuates at slight economic activity
- High risk of leverage
- Unreasonable high investment
- Poor regulatory control
Having a globally recognized and experienced forex trading broker in Kenya like Globex360 helps traders make informed decisions to earn more than they are willing to invest.
- one of the world’s best online forex trading platforms – MetaTrader 4
- powerful forex trading app for Android and Apple iOS users.
- educational programs such as webinars and seminars
- flexible deposit options
- easy withdrawals with no fees charged
- global presence in South Africa, Botswana, Nigeria, Chile and Australia
- 24*7 customer support
A forex broker with a welcome bonus helps you enjoy hassle-free online trading experience in Kenya and many other parts of the world. Do let us know of your forex trading concerns so that we can help.
For more queries, talk to Kenya’s best forex broker at +27 11 568 3097 or write to us at email@example.com
Frequently Asked Questions
Find our answers to the most popular questions which concerns Globex360°.
Trading fees totally depend on the policies of the individual brokerage whose trading services you are using and on what type of instruments you are trading in. Reputable brokers in Kenya do not charge their clients for facilitating their forex trading.
Although additional commissions are usually charged by an individual broker when you sell or buy stocks. Majority of brokers charge generally inactive traders for the maintenance of their inoperative accounts.
In some cases, withdrawals via some particular payment methods are also subject to processing fees.
You must be at least 18 years old to open your individual live trading account and begin making real-time purchasing and selling on the Forex markets.
18 is the minimum age required by most brokerages in Kenya. Citizens at that age are also eligible to invest in offshore money transfers without any consent of their parents or guardian.
The forex market is not regulated by any centralized exchange as is with futures and stock markets. The forex market is simply over the counter market as all the transactions are done via the internet from several different locations in 24 hours a day, 5 days a week.
The forex market is also known as an Interbank market as earlier it has been dominated only by banks—investment banks, commercial banks, and central banks.
However, the percentage of participants is swiftly increasing due to the demand and availability provided by internet trading. Nowadays the forex market includes international money brokers, global money managers, large multinational corporations, private speculators, and futures and options traders.
The forex market is a true 24-hour market. It is open 24 hours a day in different parts of the world. Forex trading starts every day in Sydney and moves around the world as trading begins in various financial centres all over the world.
Unlike any other financial market trading, forex investors can respond to real-time currency fluctuations caused by political, social, and economic events at the time they occur. The forex market is open 24/5.