There is no licensing regime for binary options in Kenya. The product is not banned, and it is not supervised either.
Sourcing note: we could not confirm the legal position in Kenya against a named primary instrument published by the CMA. Verify with the regulator before acting on it.
Archive notice: this page was written in 2013, before binary options were banned for retail clients across the EEA, the UK and Australia. It is kept for reference. For the current position, see Legal status by country.
BDSwiss Overview
BDSwiss Trading platform
Let's make things short: The trading platform is simply great. You don't have to read any manuals, FAQs or click the help button. The platform speaks for itself. Even if you trade binary options for the very first time you won't have trouble using the BDSwiss platform to make your first trade. The software is browser based and that means that you don't have to download software and you can easily trade on every computer even with Mac and Linux. You can start trading within just a few minutes: opening an account, deposit through credit card, take a look at the platform, do your analysis and after 5 minutes you can make your first trade. Obviously all information are processed securely through SSL connection. BDSwiss is one of the very few brokers that also provides a great platform for professional traders that can even create their very own options with the "option builder" feature. You can select your payout, level of risk and expiration date and trade with your very own options. There's a "Traders Choice Bar" that indicates what trades other traders are currently making. So you can see how many traders decide for a call-option with EURUSD and how many trade a put-option at the moment. There's some trading wisdom: you should not swim with the masses. So in this case you should trade what the majority of traders decides against.Click here to try out "Traders Choice Bar" in real-time!
Options Trading at BDSwiss
BDSwiss offers standard high/low options as well as other innovative options like touch-options. These are options where you can profit from very volatile market conditions. For example you expect new company data from Facebook the upcoming week. Then you can buy a binary touch option as it's highly likely that the released data will distinguish from the market expectations which means that the stock will be highly volatile. Touch options are perfect to profit from these fluctuations. There are more than 170 assets waiting for you! You can trade with single company stocks or also indices. If you prefer currencies (Forex) or commodities you will find plenty of options at BDSwiss: Crude oil, Gold, Silver, EURUSD, EURCHF, USDJPY... there are no limits with this broker!Bonus and cashback
Please be aware that the CySec prohibits brokers to offer deposit bonuses starting from 2021. Thus BDSwiss will not longer be able to offer any bonuses.Service and Customer Support
The customer support is one of the strengths of BDSwiss especially. Everybody is a VIP at BDSwiss and will be treated this way. You can contact their support via live chat, email, Skype and phone.Deposit and Withdrawal
You can open an account with only $100 when you make your deposit with credit card or Moneybookers/Skrill. If you want to deposit using wire transfer you have to deposit at least $250. But this is still relatively low compared to other brokers and offers novice traders great opportunities to enter this market cheaply.You can deposit at BDSwiss using this link >>
Our summary
BDSwiss is a pretty young broker but we really loved them after our test and understand how it was possible to gain such popularity within just a few months. That's the reason why we think that BDSwiss will keep on improving their offering over the next few years and will become one of the top choices amongst all binary options brokers. The platform is excellent, there's no slippage, the customer support is absolutely unique - everything you need to trade successfully. We can recommend this broker to novice traders and professionals alike.Funding and withdrawals in Kenya
Local rails here are M-Pesa, Airtel Money and card. Deposit method decides whether money can come back out: card payments carry a chargeback route with a time limit, transfers to an offshore entity generally do not. Confirm the withdrawal method, minimum, fee and stated processing time in writing before funding an account. Profits are generally taxable, with KRA the relevant authority.
Brokers accepting Kenyan clients
Ranked by our published methodology, which weights licensing at 35% — on an unsupervised counterparty every other quality is contingent. Ratings are derived from the sub-scores, not assigned.
| # | Broker | Rating | Entity holding your funds | Min. deposit | Payout | |
|---|---|---|---|---|---|---|
| 1 | Deriv | 7.9 | Deriv (BVI) Ltd / Deriv (V) Ltd | $5 | up to ~95% on synthetics | Visit |
| 2 | IQ Option | 5.1 | IQ Option Ltd (international) — unregulated | $10 | up to ~95% | Visit |
| 3 | Pocket Option | 4.7 | Gembell Limited (Comoros) | $5 | up to ~92% | Visit |
| 4 | Quotex | 4.6 | Awesomo Ltd — unregulated | $10 | up to ~98% | Visit |
| Regulated alternative — does not offer binary options | ||||||
| — | Exness | 8.8 | FSCA (South Africa) — ODP · FSP 51024 | $10 | n/a — CFDs and FX only | Visit |
Advertiser disclosure: buttons marked ad are affiliate links and earn us a commission if you open an account. The others do not. The ranking is derived from the published sub-scores either way, which is why the highest-rated provider here is not the one that pays us.
Risk warning: binary options are high-risk speculative instruments and most retail accounts lose money. Nothing on this page is investment advice or a recommendation to trade.