Forex trading has become a popular option for young Kenyans wishing to boost their income or start a side business. As a result of the expansion of mobile device technologies, a new sector of Kenyan forex traders has emerged.
Kenyan retail traders employ a variety of trading apps that provide a variety of useful features, including thorough market research of the Kenyan shilling and other currencies, technical and fundamental analysis, foreign currency quotes, and other tools.
The top three trading apps are now available to Kenyan traders.
AvaTradeGo
AvaTradeGo is Kenya’s greatest alternative for beginners.
AvaTrade is considered one of the most dependable brokers in the business for FX and CFD trading. The main goal of the platform is to provide traders with a smooth and responsive trading experience.
AvaTradeGO offers a wide range of tools and services to Kenyan traders, including position management software, charting capabilities, and more.
The program gives traders access to market trend technology, sociological trends, and fundamental and technical studies to assist them to make better financial decisions.
A comprehensive dashboard with simple management tools, clear charts, zoom for details, and a slew of other unique features combine for a pleasurable trading experience.
Trading is easier than ever with AvaTradeGO, because the app guides users through the process of opening trades, provide feedback on their behavior, and provides support whenever they need it.
Users can manage multiple accounts and switch between demo, real, and low spreads account to get all the information they need when developing trading strategies or establishing positions.
Users can also use this amazing tool to observe markets develop in real-time, which is an easy way to keep up with social trends from the AvaTrade dynamic traders’ community.
You can rely on the app’s cutting-edge technology to receive the information you need for today’s most critical financial happenings.
All of your trading tools are linked together to offer you real-time information, such as what other traders are buying and selling, trading patterns, and other insights.
Exness
The Exness App is the ideal choice for tight spreads.
It also offers a mobile version of its services through its app. MT4 – the world’s most popular trading platform – and MT5 – the most recent version of the industry-standard – are both available as trading platforms from the firm.
MetaTrader 4 and 5 are available in a desktop, web browser, smartphone, and tablet editions.
Exness’ unique technology is more user-friendly for beginners to the market than both the MT4 and MT5 trading platforms. ions.
While offering third-party platforms like MT4 and MT5 has its benefits, the advantage of Exness providing these platforms is that traders may take their customized version of the platform with them if they transfer brokers.
The Exness app has a basic user interface that makes navigating and searching for different instruments a breeze.
Line, Bar, Candlestick, Hollow Candles, Area, Baseline, and Heikin Ashi charts are among the three chart styles available, as are over 50 drawing tools and 100 indicators to utilize across various timeframes.
TradingView, one of the most popular third-party trading tools on the market, is fully integrated into the app and provides technical insight and instant pattern recognition, in addition to offering technical insight and rapid pattern identification.
Aside from the app, traders can download trading platforms like MetaTrader 4 or MetaTrader 5, which allow them to personalize their indicators, access a wider range of charts, and support algorithmic (or automated) trading.
Pepperstone
Pepperstone provides an easy market access platform so that traders may focus on the complex business of trading. Pepperstone is a great option for traders since it offers a wide range of low-cost options, a variety of user interfaces and account types, and excellent customer support.
A web-based or download version of Pepperstone’s cTrader trading platform is dependable and easy to use from any browser (Chrome, Firefox, Safari, or Internet Explorer)
For all types of investors, a redesigned look and feel, one-click trading, and full integration across desktop and mobile platforms ensure a superior trading experience.
Trades can be entered on charts, watchlists can be created, and the market calendar can be used to check an instrument’s “depth of market.”
The cTrader interface from Pepperstone is straightforward. Expand the full-screen charts, which include more than 70 technical indicators, and you’ll have a lot of information at your fingers.
Using technical analysis patterns, Autochartist additionally offers trading ideas. You can attach “take profit” and “stop-loss” orders to any one of Pepperstone’s four order types in cTrader.
A trailing stop loss is an option offered to the trader, but a guaranteed stop loss is not. You can also choose whether to execute your stop-loss order at the bid or ask price.
Additionally, the broker provides chat and phone help around the clock, as well as access to social media platforms and an online contact form, in addition to email support.
