Is the minimum deposit the same as the minimum trade?

No, and the difference matters. The deposit is what you must pay in to open the account; the minimum trade is the smallest amount you can put into one position. A $5 account at a $0.35 minimum trade is 14 trades, not one.

Can I deposit in shilling?

Accounts are held in dollars. Whether you pay by bank transfer, a wallet or a card, the payment provider converts shilling at its own rate on the day, which is not the official rate. We do not publish shilling equivalents for that reason.

Which payment methods does each broker accept?

We deliberately do not publish that as a table. Processors are turned on and off without notice, and a list that is correct today misleads in two months. Open the broker's deposit screen — it shows what a Kenyan account can use right now.

Are there fees for withdrawals?

Some brokers charge nothing, others charge per method or take a percentage. It is the single most expensive detail to get wrong, so check it on the broker's own withdrawal page before you fund the account.

Are these brokers regulated in Kenya?

No. The Capital Markets Authority does not license fixed-time (binary) trading in Kenya. The table shows the foreign regulator and number we could find in a public register, and says plainly where there is none.

Mpesa · Kenya · 2026

Paying in from an M-Pesa wallet

M-Pesa is how most Kenyan traders fund an account, and it is also where the surprises live: a broker that takes it for deposits may not pay out the same way.

My starting budget $10

9 of 10 brokers accept it · cheapest is Deriv at $5

DerivPocket OptionQuotexIQ OptionOlymp TradeExpert OptionExnovaBubingaStockity

Deposits are held in dollars. Whatever you pay with — bank transfer, a wallet or a card — the provider converts at its own rate on the day.

Table

Showing 9 of 9 · checked 12.10.2026

Sort by

Deriv

Min deposit: $5
Min trade: $0.35
Payout: 100%
Regulator: MFSA 70156

Details

Pocket Option

Min deposit: $5
Min trade: $1
Payout: 92%
Regulator: MISA (Mwali) T2022086

Details

Quotex

Min deposit: $10
Min trade: $1
Payout: 98%
Regulator: none found

Details

IQ Option

Min deposit: $10
Min trade: $1
Payout: 95%
Regulator: CySEC 247/14 (EEA)

Details

Olymp Trade

Min deposit: $10
Min trade: $1
Payout: 95%
Regulator: VFSC company No. 40131 (Aollikus Limited)

Details

Expert Option

Min deposit: $10
Min trade: $1
Payout: 95%
Regulator: Financial Commission (member)

Details

Exnova

Min deposit: $10
Min trade: $1
Payout: 92%
Regulator: none found

Details

BinaryCent

Min deposit: $250
Min trade: $0.10
Payout: 92%
Regulator: none found

Details

09 Bubinga

Min deposit: $5
Min trade: $1
Payout: 95%
Regulator: none found

Details

Payout is the share of a winning fixed-time contract the broker pays back. A broker with no regulator in the table is not unlicensed by accident — we looked and found nothing.

Methodology

Last check 12.10.2026 · next 11.11.2026

01Read the deposit pageThe minimum deposit is taken from the broker's own funding page, not from a review site, and re-read on the check date.
02Record the minimum tradeThe smallest amount the platform will accept into one position — a different number from the deposit, and the one that decides how long your money lasts.
03Look the licence up in the registerThe regulator and number come from that regulator's public register. Where there is nothing to find, the table says “none found” rather than naming a body that has not licensed the broker.
04Leave out what we cannot verifyNo shilling conversions, no per-broker payment matrix, no deposit speeds we did not measure. A number on this page is one we can point at a source for.

Registers used: CMA Kenya · CySEC · MFSA · VFSC

By amount

Amounts

From $5 or less

The smallest entry on this page.

Deriv$5
Pocket Option$5
Bubinga$5

From $10

Where most of the market sits.

Quotex$10
IQ Option$10
Olymp Trade$10
Expert Option$10
Exnova$10
Stockity$10

Above $10

Worth it only for something the cheaper accounts do not give you.

BinaryCent$250

Broker by broker

Brokers

Each entry is what our reference records, unedited. Where a regulator lists nothing, the page says nothing was found.

Deriv

Minimum deposit: $5
Minimum trade: $0.35
Maximum payout: 100%

Where it runsAndroid, iOS, Web, MT5 and TradingView
Own platformDeriv Trader, Deriv X, SmartTrader
In a registerMFSA 70156, Labuan FSA MB/18/0024 and VFSC company No. 14556

Figures checked 12.10.2026

Pocket Option

Minimum deposit: $5
Minimum trade: $1
Maximum payout: 92%

Where it runsAndroid, iOS, Web, MT4 and MT5
Own platformPocket Option platform
In a registerMISA (Mwali) T2022086
Named by a regulatorthe FCA warning list (United Kingdom), a CONSOB order (Italy) and a CFTC warning (United States)

Figures checked 12.10.2026

Quotex

Minimum deposit: $10
Minimum trade: $1
Maximum payout: 98%

Where it runsAndroid, iOS and Web
Own platformQuotex platform
In a registerNo licence found in a register

Figures checked 12.10.2026

IQ Option

Minimum deposit: $10
Minimum trade: $1
Maximum payout: 95%

Where it runsAndroid, iOS and Web
Own platformIQ Option platform
In a registerCySEC 247/14 (EEA)

Figures checked 12.10.2026

Olymp Trade

Minimum deposit: $10
Minimum trade: $1
Maximum payout: 95%

Where it runsAndroid, iOS and Web
Own platformOlymp Trade platform
In a registerVFSC company No. 40131 (Aollikus Limited) and Financial Commission (member)

Figures checked 12.10.2026

Expert Option

Minimum deposit: $10
Minimum trade: $1
Maximum payout: 95%

Where it runsAndroid, iOS and Web
Own platformExpertOption platform
In a registerFinancial Commission (member)

Figures checked 12.10.2026

Exnova

Minimum deposit: $10
Minimum trade: $1
Maximum payout: 92%

Where it runsAndroid, iOS and Web
Own platformExnova platform
In a registerNo licence found in a register
Named by a regulatorwithdrawal complaints on record and no financial regulator oversees it

Figures checked 12.10.2026

BinaryCent

Minimum deposit: $250
Minimum trade: $0.10
Maximum payout: 92%

Where it runsAndroid, iOS and Web
Own platformBinaryCent platform
In a registerNo licence found in a register
Named by a regulatora VFSC notice of fraud (Vanuatu), the CFTC RED list (United States), the AMF blacklist (France) and an FMA warning (New Zealand)

Figures checked 12.10.2026

Bubinga

Minimum deposit: $5
Minimum trade: $1
Maximum payout: 95%

Where it runsAndroid, Web and TradingView
Own platformBubinga platform
In a registerNo licence found in a register
Named by a regulatorno financial regulator oversees it

Figures checked 21.10.2026

Before you fund

One trade

Trade amount Payout, %

If the trade wins returned, your stake included

If it loses the whole stake is gone

Break even of trades must win just to stand still

A fixed-time contract pays a set percentage on a win and takes the whole stake on a loss, so the break-even win rate is above half at every payout below 100%. This is arithmetic about the contract, not a forecast about you.

Paying in

M-PesaHow most traders here fund an account, usually through a payment partner rather than the broker directly.

Bank transferAny local bank, through PesaLink or a standard transfer.

CardsVisa and Mastercard, subject to your bank's international limit.

USDTUsually TRC-20; the fastest route when a card is declined.

We do not publish a broker-by-broker list of accepted methods. Processors are switched on and off without notice, and a table that is right in October is wrong by December — the deposit screen of the broker is the only reliable source. Open it before you register: it names every method available to a Kenyan account today.

Q&A

Deriv, Pocket Option and Bubinga at $5. Most of the rest start at $10, and BinaryCent is the outlier at $250. Move the budget slider at the top of the page to see who accepts your amount.