Pepperstone Review for traders in Kenya: ECN Trading from 0.0 Pips

Is Pepperstone available in Kenya?

First things first: Yes, Pepperstone is a Trading Platform available to clients with Kenyan residence. Moreover, the company has an office in Nairobi and is one of the 3 Forex Brokers that are regulated by the CMA (Capital Markets Authority of Kenya). Pepperstone is the Broker offering FX Trading with the lowest spreads available, so it is safe to say that it's probably one of the Best CFD Brokers available in the country.

The African continent is currently one of the fastest-growing regions in terms of the number of new traders. This is why Pepperstone focuses its efforts to acquire new clients residing in Kenya by offering webinars, live market analysis and daily trading updates, among other useful tools.

Trading with Pepperstone: #1 FX Broker from Australia

Pepperstone is a Trading Platform that is specialised in Forex and CFD Trading. The company that operates the platform was founded in 2010 in Melbourne, Australia, and as of 2020, the company has more than 57,000 accounts from clients based in more than 150 countries.

Pepperstone processes an average of USD 125.5 billion in Trading orders per day, which implies that it is one of the largest FX brokers globally.

And what do real users say about Pepperstone? We have analyzed what real-life traders have to say about Pepperstone by visiting the top-rated user-review websites in the industry. Our conclusion is that it is hard to find a poor opinion written by a user about Pepperstone. In particular, their customer service and the overall trading experience get the highest ratings, we have found a user that wrote: 

After many years of getting messed around by terrible brokers and running into one problem after another, I finally decided to give Pepperstone a go as I had heard nothing but good feedback regarding them. I have not looked back since".

The title on his review was: "Glad I've found the One.

FX Pairs & CFDs offered by Pepperstone

Forex: +61 Currency Pairs, including Majors, minors, and exotics.

Stocks: +60 CFDs on Stocks from the Top US Companies. As of 2020, Pepperstone added CFDs on Australian shares, including household names such as Qantas, Commonwealth Bank of Australia and CSL Limited.

Commodities: Pepperstone offers CFDs on 14 commodities, six on Metals, five on Agriculture and three from the Energy sector.

Indices: CFDs on +14 major stock exchanges indices.

Cryptocurrencies: CFDs on Bitcoin, Bitcoin Cash, Ethereum, Dash and Litecoin.

Is Pepperstone a trustworthy broker?

Many users are reluctant to transfer money to a company they do not of. How to know if Pepperstone (or any other broker) is legit? A simple way to check if a Broker is reliable is through the Public entities that regulate its operations. Suppose a broker is regulated by a government entity considered Top Tier worldwide. In that case, it is a good indicator to prove that it is safe to deposit funds and operate with the platform. Pepperstone Group is growing and they now hold financial services licences in Australia (ASIC), UK (FCA), Dubai (DFSA), the Bahamas (SCB), Cyprus (CySEC), Germany (BaFin) and Kenya (CMA). 

It would be best if you avoided a broker which offers a trading account "regulated" in a  non-core country since there's a high risk that they will not keep what they've promised you when they were opening your account. Both the British and Australian regulators are two of the stricter ones globally; in other words, it is fair to say that Pepperstone is indeed a reliable firm, given that they comply with substantial regulations.

As mentioned previously, this Broker is regulated by the local watchdog, the CMA, which is definitely a plus for local Traders since it shows the importance that Pepperstone gives to the Kenyan market.

Pepperstone's Trading Platforms

cTrader

FXPro developed Pepperstone's cTrader platform. cTrader is a powerful and easy-to-use platform, offering a wide range of advanced functions and trading tools for traders of all levels. Among the most prominent options, it provides the ability to trade CFDs on charts by merely clicking and placing the order. It provides many risk management tools and indicators to help the trader make better-informed decisions.

Metatrader 4

MT4 is one of the most widely used [and complete] platforms to trade Forex. MT4 connects different Brokers to get the best prices available.

Metatrader 5

MT5 is probably one of the most advanced platforms to trade in Forex and CFDs. Like MT4, it connects different Brokers to get the best available prices among many Brokers and investors. MT5 enables Pepperstone's clients to trade many CFD instruments from other asset classes, including currency pairs, commodities, stocks, indices, and cryptocurrencies, all available in one single platform with no strategy restrictions, minimal slippage and ultra-fast order execution.

Pepperstone Trading Accounts available in Kenya

Opening an FX trading account with Pepperstone from Kenya is a process that is carried out online and requires uploading your ID (or Passport) and a proof of address (electricity, water bills, etc.), through the platform.

Trading accounts are available in AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD as the base currency. It is essential to emphasise that you can open a Demo account, test the platform and then decide whether you would like to deposit funds. If you go ahead, Pepperstone allows deposits with Credit Cards like Visa or Mastercard, Bank Transfers or eWallets like Neteller or Skrill.

Pepperstone offers two account types:

Standard Account: This is the most basic type of account. Pepperstone applies commissions through the Spread, from 1 pip on the most liquid currency pairs and CFDs. With this account, a client has access to trade through the Metatrader platform only.

Razor Account: The Razor account is the most advanced one. It allows clients to access both the cTrader and Metatrader platforms, and spreads are lower than on the Standard one, 0 for the most liquid assets (with a meagre commission for opening positions).

What's Pepperstone's Minimum Deposit in Kenya?

Pepperstone's minimum deposit requires USD 200 only, and they do not charge commissions to deposit.

Bottomline

Pepperstone, an international, reliable, low-cost and robust trading platform, provides you with live access to FX markets, quickly and straightforwardly. Good luck and trade safely.