Finding the best stock trading app in Kenya is not an easy task. This is because most apps are usually foreign and sometimes involve stocks that many Kenyans have no knowledge about. With the rise in Cybercrime activities, it is important to be careful and know where to invest.
When it comes to stock trading apps, trust and reviews play a huge role. Therefore, before falling for any kind of forex app, first, dig up the information about them, read the reviews on the experiences of other users. If you come across any allegation of fraud, run.
Here are the 10 best stock trading apps in Kenya:
The platform has had over 5,000,000 clients since it was founded in 2009. It is a large and well-established international investment firm and has become a true industry leader. Most reviews about it are good.
HotForex is an award-winning forex and commodities broker, providing trading services and facilities to both retail and institutional clients.
The advantages of buying stocks on eToro don’t end with pricing. The platform has shared strategies and helps one invest together with over 20M users worldwide. It also gives you an opportunity to enjoy a 0% commission on local and global stocks.
IQ Option is one of the fastest-growing online trading brands in the world. Voted the best mobile trading platform and expanded its offerings to include CFDs on stocks, ETFs, and Forex trading.
Please visit the website of each of the above and choose one that you can trade with. All of them are easy to navigate and have different offerings to fit any investor with as low as 10 US dollars.
What should you look for before trading in stocks online?
Read extensively about online forex trading: you cannot enter into online trading without knowledge. You just have to read and understand how the markets operate. Stock markets are challenging and without knowledge, you stand to lose.
Use credible platforms: There is a surge in Forex trading in Kenya. The Capital Markets Authority (CMA) began regulating the market in 2018. Additionally, the government agency noted that there was an increase in the number of brokers who were fleecing innocent Kenyans. So, be careful.
Invest what you can lose: Investing in online forex is like betting. You are literally gambling with your money. Do not take all your money and put it in there. You will cry from the toilet if you do.