Brokers on an Electronic Communication Network (ECN) function as go-betweens, connecting their customers directly with other market participants. Since the electronic approach consolidates quotations from multiple participants, the spread between them is narrowed.

This facilitates the electronic matching of buyers and sellers to complete transactions. The network reconciles open buy and sell orders on the market.

Non-dealing desk (NDD) brokers, also known as electronic communication network (ECN) brokers, are distinct from traditional brokers in that they do not pass over client order flow to market makers. They transmit orders from traders to liquidity providers across an electronic network.

Here, we examine the 5 best ECN Forex brokers in Kenya.

1. BDSwiss

Overview

In 2012, Switzerland became the first country in the world to implement BDSwiss. It is a global company that handles over 16,000 affiliate accounts and generates over $20 billion in monthly FX trades. The company handles more than 16,000 affiliate accounts and is one of the best ECN brokers in Kenya.

It maintains a very active presence across social media platforms and provides its own proprietary trading platform that is accessible via internet browsers as well as mobile device web browsers. In addition to that, it offers MetaTrader 4 and 5.

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2. HF Markets

Overview

HF Markets is an outstanding MetaTrader broker that offers amazing investment modes for novice traders as well as more experienced investors.

Kenyan investors are able to have faith in this corporation not only due to the fact that it is highly regulated but also due to the stellar reputation it has garnered over the years.

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3. FP Markets

Overview

FP Markets is an outstanding option for those looking for a low-cost CFD and forex broker. More than 8000 different goods are made available across the entirety of the trading platform suite. This organization stands out in Kenya in particular as a forex broker that offers competitive pricing.

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4. OctaFX

Overview

Octa FX offers commission-free trading on its own unique app and provides unlimited demo accounts for customers to practice trading on. It has very low minimum deposit costs while maintaining a very high level of reliability in Kenya as a broker.

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5. FBS

Overview

Through its one-of-a-kind trading application, FBS provides customers with competitive prices, excellent levels of customer protection, and amazing trading account options.

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