3 Best Trading Apps in Kenya

For young Kenyans looking for a way to supplement their income or start a side business, forex trading has become a very popular recourse. A new sector of Kenyan forex traders has evolved due to the proliferation of mobile device technologies.

There are various trading apps used by Kenyan retail traders that offer a wide range of beneficial features, such as detailed market research on the Kenyan shilling and other currencies, technical and fundamental analysis, foreign currency quotes and a variety of other tools, says Louis Schoeman. from Forexbrokers.ke

Nonetheless, thorough research is needed for Kenyan traders to find the best software for their specific trading goals, techniques, and styles. To make this process easier, we have put together the 3 best trading apps currently available for Kenyan traders.

AvaTradeGo – the best option for novice traders in Kenya

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In terms of FX and CFD trading, AvaTrade is considered one of the most trusted brokers in the industry. The main objective of the platform is to provide traders with a transparent and responsive trading experience.

AvaTradeGO provides Kenyan traders with a variety of tools and resources, including position management software, charting capabilities, and more.

A comprehensive dashboard with easy management tools, clear charts, zoom for details and many other useful features specific to this app make for an enjoyable trading experience.

With AvaTradeGO, trading is easier than ever, as the app provides users with step-by-step assistance in opening trades, feedback on their activity, and assistance anytime.

Users can manage numerous accounts and switch between demo, real and low-spread accounts to acquire all the data they need when testing strategies or opening trading positions.

Users can also watch the markets develop in real time with this wonderful feature, a simple method to follow social trends from the dynamic AvaTrade trading community.

For today’s most pressing financial developments, you can rely on the app’s cutting-edge technology to get your hands on the information you need.

To help you make more accurate and informed choices, all of your trading tools are linked together to provide you with real-time information, such as what other traders are buying and selling, trading patterns and other information. .

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2. Exness App – best option for tight spreads

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With its proprietary application, Exness also offers a mobile version of its services. That said, the broker provides both MT4 – the world’s most popular trading platform – and MT5 – the most recent version of the industry standard – as trading platforms.

Desktop, web browser, smartphone and tablet versions of MetaTrader 4 and 5 are all available.

While the MT4 and MT5 trading platforms are excellent, Exness’ unique technology is more user-friendly for newcomers to the market.

Although offering third-party platforms such as MT4 and MT5 has its advantages, the advantage of Exness providing these platforms is that traders can take their own customized version of the platform with them if they decide to change brokers.

The Exness app includes a simple user interface that makes it easy to navigate and find different instruments.

Choose from three chart styles, including Line, Bar, Candlestick, Trough, Area, Basic and Heikin Ashi charts, plus over 50 drawing tools and 100 indicators to use on different periods.

In addition to providing technical information and quick pattern identification, TradingView, one of the most popular third-party trading tools on the market, is fully integrated into the app and gives technical information and instant pattern recognition.

Besides the app, trading platforms like MetaTrader 4 or MetaTrader 5 are also available for mobile download and allow traders to customize their indicators, receive an additional variety of charts, and support algorithmic (or automated) trading.

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3. Pepperstone – best for experienced traders

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In order to concentrate on the complex work of trading, Pepper provides an easy-to-market platform. A wide range of low-cost options, a variety of user interfaces and account types, and efficient customer service make Pepperstone a perfect alternative for traders.

A web-based or downloadable version of Pepperstone’s cTrader trading platform is stable and easy to use from any browser (Chrome, Firefox, Safari or Internet Explorer).

A redesigned look and feel, one-click trading, and full integration across desktop and mobile platforms ensure a better trading experience for all types of investors.

Trades can be placed on charts, watchlists can be created, and an instrument’s ‘market depth’ can be viewed through the market calendar.

Pepperstone’s cTrader offers a basic and easy to use interface. Expand the full-screen charts, which include over 70 technical indicators, and you’ll have a wealth of information at your fingertips.

Using technical analysis templates, Autochartist also creates trading suggestions. You can attach take profit and stop loss orders to any of Pepperstone’s four order types in cTrader.

A trailing stop loss is an option available to the trader, but a guaranteed stop loss is not. It is also possible to execute the stop loss order at the bid or ask price.

Additionally, the broker provides 24-hour chat and phone support, as well as access to social media platforms and an online contact form, in addition to email support.

Clients are assigned an account manager who is responsible for assisting them with any account-related issues that may arise, ensuring a complete and feature-rich trading experience in a fully supported environment.

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