Pepperstone Kenya Review

Pepperstone kenya review

On October 26, 2020, Pepperstone Kenya officially launched its operations in Kenya, and became the 3rd CMA licensed and regulated forex broker in the Kenya.

In this Pepperstone review piece, we decided to critically analyze Pepperstone’s offering in Kenya, and how it compares with competitors. We analyzed the minimum deposit for Peppersone, spreads, ease of registration, Pepperstone deposit and withdrawal methods, speed of execution, customer support, among many other things.

This one is going to be one long review article. So, if you don’t mind, head over to Pepperstone already and grab yourself a demo account, then come back and follow along with us as we lay bare everything you need to know about Pepperstone in Kenya.

See: How to Choose a Forex Broker in Kenya

Who is Pepperstone Kenya?

Pepperstone is an online brokerage firm that offers trading services for a wide range of financial instruments, including forex, CFDs, and commodities. The company was founded in 2010 in Melbourne, Australia, and has since grown to become one of the leading online brokers in the world.

Pepperstone offers a range of trading platforms to suit different types of traders, including the popular MetaTrader 4 and MetaTrader 5 platforms. These platforms offer a wide range of features and tools, including advanced charting, expert advisors, and automated trading capabilities.

One of the key advantages of Pepperstone is their focus on providing low-latency execution and tight spreads. This is particularly important for traders who are looking to take advantage of short-term market movements, as it allows them to enter and exit trades quickly and at the best possible prices.

In addition to their trading platforms, Pepperstone also offers a range of educational resources and trading tools to help traders improve their skills and knowledge. This includes webinars, ebooks, and trading guides, as well as a dedicated customer support team to assist traders with any questions or issues they may have.

Overall, Pepperstone is a reputable and well-respected online brokerage firm that offers a wide range of trading services and tools to help traders succeed in the financial markets. Whether you are a beginner or an experienced trader, Pepperstone has something to offer you.

Pepperstone Kenya is the trading name for Pepperstone Markets, a forex brokerage company that was founded in 2010. That’s a solid ten years of offering cutting-edge financial services to traders all over the world.

Since its foundation, Pepperstone has won numerous industry awards from reputable organizations such as Deloitte and Investment Trends. This goes to show the level of commitment to excellence that Pepperstone puts into its work.

Pepperstone Pros and Cons


Wide range of financial instruments: Pepperstone offers a wide range of financial instruments, including forex, CFDs, and commodities, allowing traders to diversify their portfolios and trade a variety of markets.

Advanced trading platforms: Pepperstone offers the popular MetaTrader 4 and MetaTrader 5 trading platforms, which are widely used by traders and offer a range of advanced features and tools. In addition, the broker also offers TradingView.

Low-latency execution and tight spreads: Pepperstone focuses on providing low-latency execution and tight spreads, which is important for traders looking to take advantage of short-term market movements.

Educational resources and trading tools: Pepperstone offers a range of educational resources and trading tools to help traders improve their skills and knowledge, including webinars, ebooks, and trading guides.

Dedicated customer support team: Pepperstone has a dedicated customer support team to assist traders with any questions or issues they may have.


Limited payment options: Pepperstone only accepts a limited range of payment options, which may not be convenient for some traders.

Limited research and analysis tools: While Pepperstone offers some educational resources and trading tools, their research and analysis capabilities may be limited compared to other online brokers.

Not available in all countries: Pepperstone is not available in all countries, so traders in some regions may not be able to use their services.

Pepperstone Kenya Account Types

Pepperstone offers 2 account types in Kenya.

  1. Standard Account
  2. Razor account

The only difference between the 2 account types is in the trading fees charged. The Standard Account charges raw spreads while the Razor account charges a commission on trades.

Commission vs Spreads

When you are looking to trade in the Forex market, you will come across the terms of commission and spreads. In order to understand which is better for you, it is important to understand the difference between the two.

The commission is a fee that is paid to your broker for each trade that you make. This is a set amount, regardless of the size of your trade. For instance, the Pepperstone Razor account charges $7.00 commission for every $100,000 traded.

Spreads, on the other hand, are the difference between the bid price and the ask price. This varies depending on the size of your trade. Generally, it is better to pay attention to spreads rather than commissions, as they are typically lower. In Pepperstone, the spreads on the Standard Account Type are 1.0 to 1.3 pips on the EURUSD.

Pepperstone vs FxPesa vs ScopeMarkets

FxPesa by EGM Securities and Scope Markets Kenya were the first two forex brokers to get licensing from the CMA in Kenya. Among the 3 brokers legally operating in the country, FxPesa is our number one recommendation. (Click here for the official FxPesa website).

There are a few reasons why we have consistently ranked FxPesa as the #1 forex broker in Kenya, to start with, their customer support is very efficient. Through phone calls or online chat on their website,, they, will take you through the whole process of creating your account, funding it using Mpesa, and they even have an online academy where they teach new traders some of the most profitable trading strategies in existence…

But I digress…

This article is not about FxPesa. Our goal here is to discuss the 3rd CMA licensed forex broker, Pepperstone Kenya.

Compared to FxPesa and Scope Markets, Pepperstone is way ahead in terms of the trading platforms available for forex traders in Kenya. FxPesa only offers the Metatrader 4 and their proprietary FxPesa Webtrader platforms. Scope Markets only offers Metatrader 5 platform.

These pales in comparison to Pepperstone who offers the innovative cTrader platform in addition to MetaTrader 4 and 5. With Pepperstone, you can also trade directly from TradingView.

In addition, Pepperstone offers superior market analysis tools including the very famous Autochartist software. You can either download Autochartist for use on your MT4 trading platform or use the web-based interface. Autochartist identifies numerous high probability trading opportunities, which is something a lot of beginner forex traders will appreciate.

Does Pepperstone Kenya Accept Mpesa?

Pepperstone Kenya minimum deposit

Yes. Pepperstone Kenya accepts Mpesa as one of the ways of funding and withdrawing profits from your forex trading account. The instant Mpesa funding and withdrawal is a big boost for forex traders in Kenya who would otherwise have to make deposits using wire transfers and other electronic payment systems such as PayPal and Skrill.

Pepperstone Minimum Deposit

Pepperstone Kenya has a minimum deposit of $10. This is applicable when you are funding your account using Mpesa or using a Visa/Mastercard. The low minimum deposit at Pepperstone makes it one of the more affordable options for traders who are looking to invest in Forex trading.

However, although $10 is the minimum deposit at Pepperstone, we do not recommend you start trading forex with such a low amount. The ideal capital that will give you an edge over the market is approximately $250. Some traders have been able to start forex trading with as low as $100, but these are the minority and most often have honed their trading skills to perfection.

Is Pepperstone Regulated in Kenya?

pepperstone minimum deposit

Yes. Pepperstone is fully regulated by the Capital Markets Authority, which is the body that regulates and licenses forex brokers in Kenya. Pepperstone obtained their trading license in October last year, making them the third CMA licensed forex brokers in Kenya.

There are a number of benefits to trading with a CMA regulated forex broker. One of the most important is that you know that your broker is operating within the bounds of the law. This gives you peace of mind, knowing that your money is safe and that you are not being taken advantage of.

Additionally, CMA regulated forex brokers must adhere to strict rules and regulations, which means they are much more likely to offer high-quality customer service and products.

Finally, by trading with a regulated broker, you can be assured that any disputes will be handled fairly and in accordance with the law. That’s why we recommend you choose Pepperstone Kenya as your goto forex broker.

Click Here to Visit the Pepperstone Official Website.

Do We Recommend Pepperstone Kenya?

Pepperstone is a CMA regulated forex broker that offers its clients access to the world’s largest and most liquid market – the foreign exchange market. With over $7 trillion in daily trading volume, it’s no wonder why forex is one of the most popular investment vehicles in the world.

In addition to CMA licensing, Pepperstone is also regulated by multiple other regulatory authorities including the UK’s FCA, Australia’s ASIC, and Cyprus’s CySec. This makes it one of the safest and most legit forex brokers in Kenya.

Another reason why we recommend Pepperstone is because of their low trading fees compared to other CMA licensed forex brokers. The trading fees on their Standard Account are much lower than those charged at FxPesa and ScopeMarkets Kenya.

Having an office in Nairobi, with support staff that can speak in local languages and available via local phone number is also an added advantage.

Pepperstone Kenya also offers its clients a wide variety of trading platforms and account types, giving traders of all experience levels the ability to trade the markets how they want. And with 24/7 customer support and tight spreads, Pepperstone has quickly become one of the most popular Forex brokers in the world.

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About the Author | Patrick Mahinge

Patrick Mahinge is a full time forex trader, money manager, and consultant to major financial funds. At only 35 years old he is widely considered an up and rising star in the forex trading community and is known for his simple time proven techniques.Since the founding of in 2014, his forecasts have been uncannily accurate and his subscribers have reaped the benefits. is Patrick's attempt to share his wisdom and knowledge about Forex Trading so traders can see through the clutter and get straight to the core of profitable trading.

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