Best Copy Trading Platforms in Kenya – Top Picks for 2024

With thousands of traders in Kenya, several brokers have set up shop in this East African country to meet the growing demand for online trading. What’s more, these brokers now support copy trading, which makes it possible for novice traders to earn money from financial markets like Pros.

Are you in Kenya? We will take a look at top brokers offering copy trading platforms in your country. Learn their key strengths and weaknesses to help you identify one that suits your investment needs.

RoboForex

This broker has been in operation since 2009, establishing itself as a committed player in the online trading world. RoboForex has received several rewards for its effort to make financial markets accessible to everyone. The brokerage company takes regulations seriously, which is why it holds a license from the Belize Financial Service Commission.

Pros and Cons of RoboForex

Pros

• Commissions charged by copy traders are competitive.
• RoboForex allows you to withdraw your copy trading profits almost instantly.
• The broker supports several payment methods.
• It has a low minimum deposit requirement. Users can copy trades using just $10.

Cons

• RoboForex offers fewer market analytical tools compared to competitors.
• The broker supports a limited number of Forex pairs.

Exness

Exness is a global brand. It is one of the most preferred brokers among traders as it offers favorable trading conditions. Moreover, Exness ensures users do not have to worry about their funds by adopting high-standard security measures. The broker’s copy trading platform currently hosts over 22,000 investors who copy the strategies of nearly 2,000 professional traders. Besides Kenya, Exness is available in 131 other countries. The broker is regulated by Kenya’s financial watchdog, Capital Markets Authority, along with several respected regulators worldwide.

Pros and Cons of Exness

Pros

• The broker supports local payment methods, allowing traders to deposit and withdraw money with ease.
• Exness offers demo accounts, which make it possible for investors to try out strategies of various lead traders risk-free.
• You can copy trades in numerous markets like stock, commodities, and crypto.
• Users do not pay fees to deposit and withdraw funds.
• Exness has a low copy trading amount requirement ($10).

Cons

• No educational resources are available on the Exness copy trading platform.
• The broker’s customer support is only accessible five days a week.

Pocket option

Gembell Limited Holding is the firm that runs Pocket Option. This company was created by a group of seasoned investors and traders. Therefore, if you sign up with Pocket Option, you can expect to get every tool traders and investors need to succeed. The broker’s copy trading platform comes with an intuitive user interface that allows easy navigation. Note that you can only copy binary options trades on Pocket Option.

Pros and Cons of Pocket Option

Pros

• Start copying trades with as low as $5.
• Pocket Option gives strategy providers access to futuristic analytical tools to conduct accurate market analysis.
• The broker is highly regulated.

Cons

• Some online customer reviews indicate that Pocket Option’s customer support is slow.

IronFX

The team that runs IronFX is made up of specialists in software development and finance. Since its establishment in 2010, IronFX has grown exponentially, expanding its presence to several countries, including Kenya. There are over 300 trading pairs that users can copy on the broker’s copy trading platform. The best part is that you do not have to risk much to participate in IronFX’s copy trading. You only need at least $10.

Pros and Cons of IronFX

Pros

• IronFX offers customer support in various languages.
• The broker supports numerous tradable assets.
• It has obtained licenses from reputable regulators.

Cons

• IronFX’s verification procedure is tiresome.

What to Consider When Selecting a Copy Trading Platform in Kenya

1. Check the regulatory status of the copy trading platform provider. Ensure they are regulated.

2. Determine the cost of copy trading on each platform and pick the one imposing low charges so you can retain most of the generated profits.

3. Choose a broker with a wide list of strategy providers.