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Chris Cammack is Head of Content at Schlossbrink and is responsible for ensuring our content across all sites meets the exacting standards of quality and clarity that our readers expect; this includes shaping our editorial guidelines to fit the ever-changing world of online Forex trading and ensuring all broker reviews adhere to our strict review process.
Chris joined the company in 2019 after 10 years’ experience in research, editorial and design for political and financial publications. This background has given him a deep knowledge of international financial markets and the geo-politics that affects them. With a keen eye for editing and a voracious appetite for financial and political current affairs, Chris bring a publisher’s sense of precision and accuracy to all the content we produce. Chris has been trading Forex CFDs since 2012 and has a preference for cTrader and ECN brokers; he has found the GBP/USD pair particularly fascinating over the last few years.
Chris Cammack June 13, 2019 08:17 AM
Octa will be a difficult choice for many Kenyan traders. On the one hand, it has very low trading costs, charges no fees for deposits and withdrawals, and has a great copy trading service. On the other hand, Octa is essentially unregulated in Kenya and has a limited range of instruments to trade compared to other brokers: 35 Forex pairs, 150 stocks, 5 commodities, 10 indices, and 30 cryptocurrencies. If you can look past these issues, you will find a low-cost broker with a fairly standard setup: Two accounts with minimum deposits of 25 USD, a slick mobile app, and a good range of trading tools. Octa also heavily promotes its wide range of bonuses, and it can offer leverage of 1:1000 on Forex pairs. Finally, both accounts are swap-free for Muslim traders, and Octa always runs competitions and promotions for Kenyan clients.
Chris Cammack May 8, 2019 09:02 AM
Founded in 2001, easyMarkets was the first Forex broker to introduce negative balance protection and a guaranteed stop-loss. It has continued to innovate with unique tools such as easyTrade, Freeze Rate, and dealCancellation to help traders manage their risk. The main draw for beginner traders is easyMarkets’ well-designed trading platform, which integrates with TradingView and comes with all the tools mentioned above. easyMarkets’ also offers the MT4 and MT5 platforms, providing traders with ample choice. easyMarkets offers seven live accounts with higher-than-average minimum deposits and trading costs that vary between 0.7 and 1.8 pips (EUR/USD), which is high for the industry. However, traders will appreciate the fact that easyMarkets offers fixed spreads on most of its accounts, making it easy to calculate its trading costs. Other than its trading costs, the only other drawback we found with easyMarkets is the lack of focus on more experienced traders. While easyMarkets provides good educational materials, it provides no advanced trading tools and virtually no market analysis.
Chris Cammack May 8, 2019 08:34 AM
FxScouts does NOT recommend IQ Option due to insufficient regulation. IQ Option appeals to beginners with its unique social trading platform, low minimum deposits, and low trading costs. However, IQ option's non-trading fees are high, and its global entity is unregulated. IQ Option offers one live commission-free account with competitive spreads (starting at [fxs-broker-property identifier="eur_usd_spread_smallest_account"] pips on the EUR/USD) and a minimum deposit of only [fxs-broker-property identifier="deposit"] [fxs-broker-property identifier="currency"]. However, while deposits are free, IQ Option charges unreasonably high withdrawal fees and an inactivity fee of 10 EUR (or equivalent) per month after 90 days of inactivity. IQ Option’s global entity is registered in Antigua and Barbuda. IQ Option provides traders with negative balance protection. IQ Option provides little in the way of market research or educational materials, forcing beginners to self-educate elsewhere.
Chris Cammack May 7, 2019 07:46 PM
Due to the number of complaints we have received from clients of Oinvest, we have chosen not to recommend them to visitors of this website. We suggest that traders continue their search with other FSCA regulated brokers, or our list of best Forex brokers in Kenya. Oinvest is a South African market maker broker and was founded in 2012. It was regulated by the FSCA but had their FSCA license withdrawn in October 2020 following numerous public complaints.