risk is also limited in a two days period, and even if he loses he can't lose too much. Unfortunately there are no reliable forex brokers in Kenya right now, so the only option Kenyan traders have to profit from the forex market is to use an offshore broker (a broker from a foreign country). The best forex brokers for Kenyans are: See the Brokers, all of them offer high leverage. At the time of writing this article, the rate for EUR/USD.1031 which means that one Euro costs.1031 US Dollars. Traders have a great opportunity to trade currencies online by choosing any of the provided tradable securities on our trading platform. Onasis Brokers uses the award-winning metatrader4 forex trading platform which is capable of using custom indicators and automated expert advisers for trading automization. You would have gotten exactly 1 Million Shillings and made a profit of 92,500 Shillings in six months, since you bought the dollars cheaper than you sold them. Who doesn't want to have something like this in his wallet? Our trader would make a profit of exactly 100 USD with this trade (notice that for the EUR/USD currency pair, one pip equals one dollar when trading 10,000 - the 'pip' is the fourth decimal of the rate). Why is the broker allowing this?
A broker that gives you a leverage of 1:200 allows you to trade 200 dollars for every dollar you have on your account. Micro, Mini, Standard Islamic Trading Accounts Choose the best account that matches your forex trading needs. Kenya s financial watchdog, is going to provide a legal framework for online forex trading. Let's consider that you bought 10,000 US Dollars in January 2015 at the rate.75 Kenyan Shillings for one dollar. Risk Warning: Investments involve a high level of risk. You can choose any of the available account types including islamic forex trading accounts. Why Kenya Traders Choose onasis Brokers. In the above example when our trader won 100, the market moved 103 points for our trader to make a profit of 100 dollars and the broker a profit of 3 dollars (this is because of the 3 pips difference between the buying and selling. Of course, you can also deposit with bank transfers if you want to make larger deposits or withdrawals. This is why the broker is willing to allow the trader to buy 10,000 Euros while depositing only 100 dollars. They also have plenty of educational material to learn more about trading forex and how to make money trading forex online.
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