Minimum Deposit by Account Type for Kenyan Traders
Exness provides various account types, each with different minimum deposit requirements to suit beginners and experienced traders. Below are the minimums for Kenyan traders, converted to KES based on an approximate exchange rate of 1 USD = 130 KES (rates may vary).
| Account Type | Minimum Deposit (USD) | Minimum Deposit (KES) | Best For |
| Standard | $10 | ~1,300 KES | Beginners, casual traders |
| Standard Cent | $10 | ~1,300 KES | Small trades, new traders |
| Pro | $200 | ~26,000 KES | Experienced traders |
| Raw Spread | $200 | ~26,000 KES | High-volume, low-cost trading |
| Zero | $200 | ~26,000 KES | Scalpers, precise trading |
| Social Standard | $500 | ~65,000 KES | Copy trading, strategy sharing |
| Social Pro | $2,000 | ~260,000 KES | Advanced copy trading |
Minimum deposits may vary slightly due to currency conversion or payment method limits. Check the Personal Area for exact amounts.
Standard Account Minimum Deposit
The Standard and Standard Cent accounts require a minimum deposit of $10 (~1,300 KES), making them ideal for Kenyan beginners. These accounts offer spreads from 0.3 pips, no commissions, and support for KES as a base currency to avoid conversion fees. They’re perfect for testing strategies with smaller trade sizes, especially on the Standard Cent account, which uses cent-based lots. Start with the minimum to explore the platform without committing large funds.
Professional Account Requirements
Professional accounts (Pro, Raw Spread, Zero) require a minimum deposit of $200 (~26,000 KES). These accounts cater to experienced Kenyan traders with features like tighter spreads (from 0.1 pips), faster execution, and higher leverage (up to 1:2000). The Social Standard account needs $500 (~65,000 KES), and the Social Pro requires $2,000 (~260,000 KES) for copy trading. Ensure you have trading experience before opting for these accounts, as they involve higher capital and risk.
Zero Spread Account Minimums
The Zero account has a minimum deposit of $200 (~26,000 KES) and offers 0-pip spreads on major instruments 95% of the time, with a fixed commission per lot. It’s designed for scalpers and high-frequency traders in Kenya who need precise execution. The low spread makes it cost-effective for short-term trades, but commissions can add up, so calculate costs before depositing. Test this account in demo mode first to assess its fit for your strategy.
Start Trading Now with Exness
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Kenyan Shilling (KES) Deposit Minimums
Kenyan traders can select KES as the account base currency, avoiding conversion fees. The minimum deposit remains $10 (~1,300 KES) for Standard and Standard Cent accounts and $200 (~26,000 KES) for Professional accounts when depositing in KES. Using KES simplifies accounting and ensures faster deposits via local methods like M-Pesa. Always confirm the exchange rate in the Personal Area, as fluctuations can affect the KES equivalent.
Deposit Methods Available in Kenya
Exness supports multiple deposit methods for Kenyan traders, tailored to local preferences:
- M-Pesa: Mobile money, instant deposits, minimum $10 (~1,300 KES).
- Bank Transfer: Direct bank deposits, minimum $50 (~6,500 KES).
- Bank Cards: Visa/MasterCard, minimum $10 (~1,300 KES).
- E-Wallets: Neteller, Skrill, Perfect Money, SticPay, minimum $10 (~1,300 KES).
- Cryptocurrency: Bitcoin, Tether (not available in Kenya for all accounts).
M-Pesa and bank cards are the most convenient for Kenyans due to widespread use and low minimums. Verify your account fully before depositing to avoid restrictions.
MPesa Deposit Instructions
To deposit via M-Pesa:
- Log into the Exness Personal Area and select “Deposit.”
- Choose M-Pesa, pick the trading account, and enter the deposit amount (minimum $10).
- Input your M-Pesa-registered phone number (+254).
- Confirm the payment via the M-Pesa prompt on your phone.
Funds reflect in your account within minutes. Ensure your M-Pesa account has sufficient balance and is in your name, as third-party payments are not allowed. Practice depositing small amounts to confirm the process works smoothly.
Bank Transfer Options
To deposit via bank transfer:
- In the Personal Area, select “Bank Wire Transfer” under “Deposit.”
- Choose the account and enter the amount (minimum $50/~6,500 KES).
- Use the provided Exness bank details to transfer funds from your Kenyan bank account.
Processing takes 1–3 business days, depending on the bank. Check with your bank for transfer fees, as Exness doesn’t charge deposit fees. This method suits larger deposits but requires full account verification. Keep transaction references for tracking.
E-Wallet Alternatives
E-wallets like Neteller, Skrill, Perfect Money, and SticPay are available with a minimum deposit of $10 (~1,300 KES). Deposits are processed within 30 minutes, faster than bank transfers. However, these are less common in Kenya compared to M-Pesa and may only support USD or EUR, incurring conversion fees if your account is in KES. To use:
- Select the e-wallet in the Personal Area’s “Deposit” section.
- Enter the amount and follow the e-wallet’s secure payment prompts.
Ensure your e-wallet account is verified and funded. M-Pesa is often more practical for Kenyan traders due to local accessibility.
How to Make First Deposit on Exness
To make your first deposit:
- Log into the Exness Personal Area via the website or Exness Trader app.
- Click “Deposit” on the dashboard.
- Select a payment method (e.g., M-Pesa, bank card, or e-wallet).
- Choose the trading account and enter the deposit amount (ensure it meets the account’s minimum).
- Follow the payment instructions (e.g., M-Pesa prompt or bank transfer details).
- Verify the funds in your account balance once processed.
Complete KYC verification before depositing to avoid delays. Start with a small deposit to test the process, especially if you’re new to trading.
Deposit Processing Times & Fees
Exness does not charge deposit fees, but third-party providers may apply charges. Processing times and fees vary by method:
| Method | Processing Time | Fees | Minimum Deposit |
| M-Pesa | Instant | Standard M-Pesa charges (~1–2% of transaction) | $10 (~1,300 KES) |
| Bank Transfer | 1–3 business days | Bank-dependent (e.g., $5–15) | $50 (~6,500 KES) |
| Bank Cards | Within 30 minutes | 1–3% (card provider) | $10 (~1,300 KES) |
| E-Wallets | Within 30 minutes | 1–2% (provider-dependent) | $10 (~1,300 KES) |
| Cryptocurrency | Up to 72 hours | Network fees (varies) | $10 (~1,300 KES) |
Fees are approximate and depend on the provider. Check with your bank or M-Pesa for exact charges. M-Pesa and e-wallets are the fastest for Kenyan traders.
Fee Comparison by Method
When choosing a payment method for depositing into your Exness account, it’s important to consider both fees and processing times. Here is a comparison of common deposit methods for Kenyan traders:
- M-Pesa: Lowest fees (~1–2%) and instant processing make it the top choice for Kenyans. Best for small to medium deposits.
- Bank Cards: Moderate fees (1–3%) and quick processing (30 minutes). Good for verified accounts but less common than M-Pesa.
- Bank Transfer: No Exness fees, but banks may charge $5–15, and processing takes 1–3 days. Better for large deposits.
- E-Wallets: Low fees (1–2%) and fast (30 minutes), but less accessible in Kenya and may involve currency conversion.
- Cryptocurrency: High network fees and slower processing (up to 72 hours). Not ideal for most Kenyan traders.
M-Pesa offers the best balance of speed, cost, and accessibility for Kenyan traders. Always deposit in KES to avoid conversion fees.
M-Pesa offers the best balance of speed, cost, and accessibility for Kenyan traders. Always deposit in KES to avoid conversion fees.
Deposit Strategies for New Kenyan Traders
- Start Small: Deposit the minimum ($10 for Standard accounts) to test the platform. Use a demo account first to practice strategies without risk.
- Use M-Pesa: It’s instant, widely available, and has low fees. Ensure your M-Pesa account is linked to your name for compliance.
- Choose KES Currency: Avoid conversion fees by setting your account to KES. This also simplifies tracking profits and losses.
- Verify Early: Complete KYC verification before depositing to unlock all payment methods and avoid restrictions.
- Plan for Fees: Budget for third-party fees (e.g., M-Pesa or bank charges). Check provider rates to minimize costs.
- Test During Low Volatility: Deposit and trade during quieter market hours (e.g., outside London/New York sessions) to avoid execution issues.
- Monitor Leverage: Exness offers high leverage (up to 1:2000), but start with low ratios (1:10 or 1:20) to protect your deposit. Higher leverage can wipe out small accounts quickly. For example, deposit $10 via M-Pesa into a Standard account, set leverage to 1:20, and practice trading micro-lots on a major pair like EUR/USD. This keeps risk low while you learn.
By starting with a low deposit, using local payment methods, and practicing risk management, Kenyan traders can build confidence and minimize losses. Always trade with funds you can afford to lose, as forex trading carries high risks. Regularly check your account balance in the Personal Area to confirm deposits and track trading performance.
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Frequently Asked Questions About Deposits
What is the minimum deposit required to open an Exness account in Kenya?
The minimum deposit to open an Exness account in Kenya depends on the account type. For most standard accounts, the minimum deposit starts at just $1, making it accessible for beginner traders.
Can I deposit using Kenyan mobile money services like M-Pesa?
Yes, Exness supports M-Pesa and other local payment methods in Kenya. You can deposit funds into your Exness account using mobile money, making it convenient for Kenyan traders to fund their accounts.
Does the minimum deposit vary depending on the account type?
Yes, the minimum deposit may vary depending on the type of account you choose. For example, while the Standard account may require as little as $1, other accounts, such as ECN or Professional accounts, may have a higher minimum deposit requirement.
Can I deposit less than the required minimum amount?
No, Exness requires you to meet the minimum deposit requirement for each account type. If you attempt to deposit less than the minimum, the deposit will not be accepted, and you will need to adjust the amount.
Is there a maximum deposit limit for Exness accounts in Kenya?
While there is no specific maximum deposit limit for Exness accounts in Kenya, large deposits may require additional verification for security and regulatory compliance. Always check your payment method’s specific limits.
How can I deposit funds into my Exness account in Kenya?
You can deposit funds into your Exness account using various methods, including local payment services like M-Pesa, bank transfers, and credit/debit cards. Choose the method that suits you best when depositing.
Are there any fees associated with the minimum deposit in Exness?
Exness does not charge fees for depositing funds into your account, but be aware that payment processors may impose their own fees for transactions. Always check the payment method’s terms before proceeding with a deposit.