• Cent accounts are also popular amongst experienced traders in Kenya as it allows them to test new strategies in a risk-free way.
  • The Exness Cent account is ideal for beginners. To get started, you only need to deposit $1. You will have 1000 USC in your Cent account if you deposit just $10.

A cent account, also referred to as a micro account, allows for trading to be denominated in cents of the base currency. Cent accounts are a great way for beginner traders in Kenya to practice their trading in a live market environment without having to risk a high amount of capital.

Cent accounts are also popular amongst experienced traders in Kenya as it allows them to test new strategies in a risk-free way. In this article we explore the 5 Best Cent Account Forex Brokers in Kenya, which also offer excellent trading conditions and competitive pricing.

1.     XM

Overview

For beginners, XM boasts a beginner-friendly trading app, excellent research and instruction, and affordable costs, as found in this XM review.

XM is a good choice for most Kenyan traders because of its vast customer base and solid reputation. In addition, it includes a wide variety of trading instruments and attractive bonuses and incentives for traders.

2.     Exness

Overview

The Exness Cent account is ideal for beginners. To get started, you only need to deposit $1. You will have 1000 USC in your Cent account if you deposit just $10.

You can open hundreds of orders to experience trading with this much capital. Because of Exness' fast withdrawal, you can get your money or profits out of your account in a matter of seconds.

3.     FXTM

Overview

Many new traders in Kenya will benefit from FXTM. It has a low-deposit Micro Account, an excellent copy trading platform, and a wide range of educational resources in both video and written formats.

You may learn about the Forex market's real-world impact on news events and where trading possibilities lie through its daily market analysis.

Read more: Why is Kenya set to become Africas most contested forex trading space?

4.     HotForex

Overview

It's hard to beat the Micro Account at Hotforex because it has a low minimum deposit and lower trading costs than the other three standard accounts. A wide variety of trading instruments are also available.

5.     AvaTrade

Overview

All of AvaTrade’s features are available at minimal costs, including a wide range of instruments and four different trading platforms. Trading tools at AvaTrade include some of the best available, as well as an extensive library of market research and education resources.

AvaTrade is a popular choice for many traders because of its excellent all-around capabilities as a forex broker.