Binary Options Trading in Kenya

Apart from online forex trading, binary options trading is the other financial investment opportunity that is turning young, Kenyans into young millionaires. If you’d like to learn more about binary trading in Kenya, you came to the very right place.

Some of the topics that I’ll cover in this guide include:

How Binary Trading Works

Best Binary Trading Platforms in Kenya

Best Time to Trade Binary Options in Kenya

Successful Binary Traders in Kenya

The Pros and Cons of Binary Trading in Kenya

In this very definitive guide, I am going to show you the A-Z of binary trading in Kenya. I’ll be answering all the common questions about the industry as well. And in case you still have a question after reading the guide, feel free to contact me or leave a comment at the bottom of this page.

Best Binary Options Brokers in Kenya
BrokerVisit BrokerMin DepositDemo TradingAccepts Mpesa
binary traders in kenya choose brokers such as Binomo


Download App$10YesYes
Olymp trade is one of the best platforms for successful binary option traders

Olymp Trade

Visit Broker$10YesYes
options trading in kenya is possible with brokers such as IQ Option

IQ Option

Visit Broker$10YesYes
successful binary traders in kenya use Pocket Option to trade

Pocket Option

Visit Broker$10YesYes
Expert Option is one of the best binary options brokers with mpesa

Expert Option

Visit Broker$10YesYes

Is Binary Options Trading Legal in Kenya?

binary options trading in Kenya (1)

Yes. Trading and investing in binary options is completely legal in Kenya and above board. There’s no law that prohibits retail traders like you from investing in binary options.

It is important to note regulatory environment for binary options trading in Kenya is still evolving. The Capital Markets Authority (CMA) is the main regulatory body responsible for overseeing the capital markets in Kenya, including the trading of binary options.

The CMA has issued a warning to investors about the risks associated with binary options trading, and has advised caution when considering this type of investment. The CMA has also stated that it does not currently regulate binary options trading in Kenya, and has advised investors to be aware of the potential for fraud or other forms of financial misconduct in this sector.

Despite this warning, it is possible to engage in binary options trading in Kenya, provided that you do so through a reputable and licensed binary options broker. It is important that you carefully research and select a broker that is reliable and transparent, and that operates in compliance with local and international laws and regulations.

The two binary option brokers that I’d recommend are Olymp Trade and IQ Option.

How Much Money Can You Make With Binary Trading in Kenya?

binary options kenya

In Kenya, the amount of money you can make with binary options will depend on a number of factors, including the amount of money you invest in each trade, the return on investment offered by the broker, and your success rate in predicting the direction of the asset’s price.

For example, let’s say you invest $100 in a binary option with a 70% return on investment. If your prediction is correct, you will make a profit of $70. However, if your prediction is incorrect, you will lose the entire $100 you invested.

You can make as much as $1,000 (100,000 Kenya shillings) per month with binary trading in Kenya. That is assuming that you’re trading full-time, and you have a capital of at least 25,000/=.

Let me explain. The best binary options brokers pay a profit of at least 82% per successful trade. Assuming that you’re only risking 3% of your total capital (25,000/=), you’ll be trading with 750/= per trade with a potential return of 615/= per trade. To make 100,000/= per month, you’ll need to only place 7 successful trades per day.

There are several factors that can affect how much money you can make with binary options in Kenya. These include:

  • The type of binary options you’re trading: There are several different types of binary options, including high/low, one touch, and ladder options. Each type has its own set of risks and rewards, so it’s important to choose the one that best fits your investment goals and risk tolerance.
  • The underlying asset you’re trading: The performance of the asset you’re trading can have a major impact on your potential earnings. For example, if you’re trading a volatile asset like a currency pair, your potential returns could be higher, but so could your potential losses.
  • The amount of money you invest: The more money you invest in a binary option trade, the higher your potential returns will be. However, it’s important to keep in mind that investing more money also increases your risk of losing money.
  • Your level of expertise: Your level of knowledge and experience can also affect your potential earnings with binary options. If you have a good understanding of the market and the assets you’re trading, you may be able to make more informed decisions and potentially earn higher returns.

How Binary Trading Works

Unlike regular stock options where you buy the right to buy or sell a stock at a set price before an expiration date, binary options offer an ‘either or’ proposition: either you get the asset when the date strikes or you don’t get anything at all.

Binary options are named the way they are since there are only two possible outcomes. Binary means having properties that involve two items. You can buy binary options that pay off either in cash or in assets.

Unlike regular stock options where your gain or loss depends on when you choose to exercise and how much the underlying stock has gone up or down in value, binary options look to be much simpler: it’s a black-and-white bet.

Either the option trades ‘in the money’ or trades ‘out of the money.’ A binary option is viewed as having traded ‘in the money’ when the underlying stock for the option hits the target price for the binary option or hits a higher price.

If, however, the underlying stock trades below the target price when the option’s expiration date arrives, the trade is viewed as having traded ‘out of the money.’ What makes this type of option different from regular options is that the investor is guaranteed a specific amount if the option play trades in the money.

The investor gets nothing if the option trades out of the money. Simple enough, right? This is precisely why binary option is catching on among online traders. Unlike traditional options, there is no guess work involved; no waiting and hoping for incremental moves so you can cash in for bigger gains.

Before you start trading binary options, you need to make sure that you are investing and not gambling. Critics of this type of financial investment say that its process is not much different from betting red or black at the roulette table. While that criticism is unfairly simplistic, there is a grain of truth to it. In traditional options, there is a lot of room for strategic finessing. In binary options, it is strictly an either or proposition. Be that as it may, don’t let the simplicity of binary trades get the better of you. You still need to pick the right underlying stock for you to make money in binary options. This is where the critics are wrong.

Unlike simply betting on red or black, the ability to pick underlying securities allows you to profit from solid research and industry trends or technical analysis. Pick stocks that have a higher chance of appreciating past the target price for your binary option. You have to employ standard stock picking skills so you can forecast the way a stock will move by the expiration date. There is still a lot of chance involved but this isn’t gambling. Whenever investors can use research to offset ‘luck’, the investment vehicle is less of a gamble and more of a traditional investment play.

One of the most important decisions you’ll need to make however before you start trading binary options is which broker to choose. We’ve taken some of the leading binary options brokers here and provided some insight on the benefits and drawbacks of each of them, with the hopes of helping you find the right broker for you. Be sure to take a look at the binary options broker reviews.

Best Binary Trading Platforms in Kenya

There are hundreds of binary option trading platforms available for traders. However, not all of these platforms work in the same. Here. we’ve selected the top 5 best binary trading platforms for Kenyans.

Best Binary Options Brokers in Kenya
BrokerVisit BrokerMin DepositDemo TradingAccepts Mpesa
binary traders in kenya choose brokers such as Binomo


Download App$10YesYes
Olymp trade is one of the best platforms for successful binary option traders

Olymp Trade

Visit Broker$10YesYes
options trading in kenya is possible with brokers such as IQ Option

IQ Option

Visit Broker$10YesYes
successful binary traders in kenya use Pocket Option to trade

Pocket Option

Visit Broker$10YesYes
Expert Option is one of the best binary options brokers with mpesa

Expert Option

Visit Broker$10YesYes

All top 5 binary option trading platforms accept Mpesa deposits and withdrawals.

  1. Binomo
  2. Expert Option
  3. IQ Option
  4. Olymp Trade
  5. Pocket Option

How to Choose the Right Binary Options Broker in Kenya

One of the biggest and most important decisions you need to make If plan on trading binary options is which broker you choose. This decision should not be made lightly, as there are many brokers out there, some better than others. Some could even be considered actually to be downright fraudulent.

The binary option broker will provide you with a trading platform which will enable you to actually trade the options. The quality of the software involved is important as it should have zero tolerance for mistakes.

Any stock quotes or graphs should be as accurate as possible, no matter what the status of your option is. There have been reports of binary options brokers for example that slightly skew stock results upon expiration so as to tilt the option in their favor so they don’t have to pay the winning expiration reward.

The input speed of the software should also be as fast as possible. If you see a huge gap down in a stock price and want to take advantage of it before it recovers, you don’t want the software slowing you down.

If you click to buy a call at the current price, you don’t want to sit there for a minute waiting for confirmation, only to discover that you’ve already missed the boat and didn’t buy at the price you were looking for. You also of course don’t want your broker to suffer from slippage.

For the most part, a few companies have invested millions of dollars in developing and perfecting a trading platform which is both secure, accurate, and easy to use. Many other smaller brokers, which cannot afford to develop these platforms themselves, simply license the platforms from the larger brokers, tweaking them a bit and spicing them up with a few of their own quirks.

So, what should you look for when assessing a binary options trading platform? We’ll go over some of the key points you should look out for when testing a platform. These criteria are actually the same that we use when we review brokers and publish here.


If you’re going to shell out your credit card information to this broker, and trust them to keep safe not only the money that you deposit, but also any winnings you might have in the future, security is a key factor.
Be sure that secure pages have proper SSL encryption and use proper https web protocol. These pages include of course account login pages, and any page that requires you to enter any financial or personal information.
It wouldn’t hurt to even ask customer service if they are insured in case anyone hacks into their systems, and what fail-safes they have in place in case something like this happens.


If you’re going to be trading alot, it’s really easy to lose track of how many trades you’ve done and where you stand in terms of profits and losses. It is important to work with a broker that can provide you with detailed reports on where you stand and how much you’ve won and lost on each trade. The ability to keep track of these things can also help analyze your strategy and better understand what your strengths and weaknesses are, and can of course minimize unnecessary losses. Needless to say, keeping track of this can also help you verify that the broker isn’t slipping in any hidden fees or commissions.


Being as binary options are a win/lose asset, it is crucial that the options broker provide you with the most accurate quotes and quote records available. Altering the quote by a mere cent can be the difference between your option expiring in the money or out of the money, meaning literally hundreds of dollars. Not only should the quotes be accurate, but the brokers should also offer minimal slippage when placing an order. Slippage is the effect caused due to the lag between the time you want to initiate your order and your order being processed and accepted.For example, let’s say you want to put in a call order for a binary option at $11.50. If you need to wait a few seconds to get the order accepted and the stock moves in this time, your call order may eventually be put in at a higher amount – let’s say $11.70. Now, if the stock lands at $11.60 upon expiration, you would be out of the money simply because the slippage caused your strike price to be higher than it should have  been.


Binary options trading is all about one thing: making money. These options offer fixed gains if you succeed in expiring your option “in the money”. Different brokers offer different winning odds, depending on their own calculations. These can be anywhere from 40% up to 85%. Obviously, you’ll want to work with a broker that can give you consistent high gains for successful trades. Typically if your option expires out of the money, you lose your entire investment on that trade. However, some brokers offer as an additional bonus up to 15% rebate even on unsuccessful trades. We usually present the normalized profitability, which is Profit + Rebate.

Customer support

As with everything in real life, there will always be glitches and small problems that need to be solved. No matter what the broker, there will always be a time when you will need the help of customer support.

Binary options brokers are not measured only on the sales support before you invest the money, but also on customer service after you’ve already signed up and become one of their customers. A good binary options broker will have customers from all over the world and will need to have staff available 24/7 in order to give quick assistance to any problems that may occur, be it via email, chat or even telephone.

Unique Incentives

All brokers offer trading of standard binary options on various securities. They’re usually the same securities – previous metals, forex, high volume stocks (Microsoft, Facebook, Google etc.).
However, they also usually try to differentiate themselves from the pack by offering unique option types and features. These features can be quite appealing and often can be enough to make them more worthwhile than the others. It would be worthwhile looking into these features as well when deciding on a binary options broker.

Withdrawal Ease

People trade Binary Options for one reason and one reason alone – to make money. You could make millions of dollars trading binary options. However, all that money wouldn’t be worth a thing if your broker didn’t let you withdraw. Be sure that you broker doesn’t have any hidden clauses that could make withdrawing your winnings a complete nightmare.

Best Time to Trade Binary Options in Kenya

In Kenya, the best time to trade binary options is during the overlap of the London and New York trading sessions.

Here is a complete list of the best times to trade binary options in Kenya:

  1. When the Forex Markets are Most Active: The forex markets are open 24 hours a day, but the most active times are when the biggest trading centers are open. For example, the forex markets are most active when the London and New York markets are open. In Kenyan time, this would be from 11:00 a.m. to 8:00 p.m. and from 4:00 p.m. to 1:00 a.m. respectively.
  2. During Overlaps: Another good time to trade binary options in Kenya is during overlaps, when two major forex markets are open at the same time. For example, the overlap between the London and New York markets is from 4:00 PM to 7:00 PM in Kenyan time. During this time, you can expect increased liquidity and volatility, which can be beneficial for trading binary options.
  3. When Economic Data is Released: Another good time to trade binary options in Kenya is when economic data is released. This can include data on GDP, unemployment, inflation, and other key indicators that can impact the value of currencies. In Kenya, you can check the calendar on the Central Bank of Kenya’s website for a list of upcoming economic data releases and plan your trades accordingly.
  4. When Political or Geopolitical Events are Happening: Political and geopolitical events can also impact the value of currencies and provide opportunities for binary options trading. For example, if there is a major election happening in a country, you may see increased volatility in the currency markets as investors react to the outcome. Be sure to keep an eye on the news and stay informed about any events that may affect your trades.

    In general, the best time to trade binary options in Kenya is during the overlap of the London and New York trading sessions. This is when the markets are most active and there is the greatest potential for making profits.

    It’s important to keep in mind, however, that market conditions can change quickly, so it’s always a good idea to stay up to date on the latest news and events that could affect your trades.

    In addition to the London/European and New York trading sessions, you may also want to consider the impact of any major economic releases or events. These can have a significant impact on the market and can create short-term opportunities for trading.

    Here is a guide to help you determine the best time to trade binary options in Kenya.

    • Consider the time of day: The time of day can have a big impact on the success of your binary options trades. In general, the best time to trade is during the middle of the week, when the markets are most active. This is because there is more liquidity in the market, which means that it’s easier to buy and sell assets.
    • Look at the economic calendar: Keep an eye on the economic calendar for events that could affect the markets. For example, if there is a major economic announcement or a central bank meeting, the markets may be more volatile and it might not be the best time to trade.
    • Consider the expiration time: The expiration time of your binary option contract is also important. If you choose a contract with a short expiration time, you may be able to make quicker profits, but you will also face more risk. On the other hand, longer expiration times give you more time to see if your trade is going to be successful, but they also require a longer time commitment.
    • Use technical analysis: Technical analysis involves looking at charts and using various indicators to predict future price movements. This can be a helpful tool for determining the best time to enter a trade.
    • Experiment with different strategies: Finally, it’s important to find a trading strategy that works for you and to test it out at different times to see what works best. This may involve trying out different expiration times, using different technical indicators, or using a combination of both.

    Trading Binary Options at Night

    While daytime makes for the most optimal binary options trading time, new traders or those who’ve not mastered trading well enough can reap massive benefits from night time trading.

    At night (beginning 9:00 PM local time) the markets are usually calm and stress-free. Price movement is more predictable, the market will mostly be moving sideways with a very predictable amplitude.

    Night time trading offers traders the following advantages:

    1. An almost 100% predictable market
    2. Slow price movements, which allows you to make trading decisions without any hurry or stress.

    Nighttime trading is less risky, and oftentimes more profitable.

    Most Successful Binary Traders in Kenya

    1. Paul Mugenda

    Paul Mugenda is a successful binary options trader
    Paul Mugenda Overview
    🤵 NamePaul Mugenda
    🏦 FounderParis Fx
    🗓️ Trader Since2014
    💰 Net Worth$100,000
    📱 Trading PlatformExpert Option
    Paul Mugenda is one of most successful binary traders in Kenya.
    He’s the founder of Paris Fx, which is a company that trains Kenyans on how to trade binary options.
    Mugenda has been trading binary options since 2014.

    The Pros and Cons of Binary Options Trading

    Binary Trading Pros

    Great Profit Potential: Binary trading offers the potential to earn very high profits in a very short time frame. Depending on the type of option you purchase, and your broker of course, binary options can return anywhere between 70% and 95% on your investment.

    Short Time Frame: Compared to other trading securities, binary options are very short term. With some options offering up to 80% payouts within expiry times as short as 60 seconds. For the less anxious and more patient, there are of course longer options available from hours to months.

    Fixed and predetermined gains: No matter if your option ends up in the money or out of the money, you always know exactly how much you stand to win or lose on any particular position. Unlike stocks or forex, where your gains and losses constantly change, with binary options you always know what you stand to win or lose, making risk assessment that much easier. Your losses are also better managed as you cannot lose more than you invest. Unlike stocks and forex, you never trade on margin with binaries, so your account can also never go negative.

    Zero Commissions Trading: Most binary option platforms do not charge commissions for trades. This is significant when you want to perform a large number of trades and makes it possible to perform smaller trades without thinking about the costs of commission. Some binary options brokers allow trades as small as $1. This would of course not be feasible with stock trading where often the minimum commission is in itself anywhere between $5 and $12.

    Low Minimum Investment: Because of the non existent commissions on binary option trading platforms, it really helps that most brokers have a very small minimum investment requirement. That means you can invest as low as $1 sometimes. This is great for new traders who want to start small and learn the ropes before digging deep into their pockets. You also know that the most you can lost is your initial investment. This means that if you start small at $20 for example, you stand to lose only up to those $20, unlike stock trading where using margin can cause you to lose more than you even have in your trading account.

    Binary Trading Cons

    Large Potential Losses: If you miss on your prediction with binary options, you stand to lose your entire investment. On the other hand, the amounts you need to invest in order to achieve good returns are much lower than those of stocks or stock options, evening out the potential losses and not making it much more than those.

    Eminent Risk: As with all stock market related trading, there is no such thing as a sure thing. You are going to make mistakes and lose money. The key is to find a system that works for you so you win more than you lose. Understanding this is possibly the first step to success with binary options trading.

    Not all assets are listed: There are over ten thousand stocks and stock options listed in the NASDAQ, AMEX and NYSE combined. With binary options you can only trade a fraction of them, limiting the flexibility by a great deal. The plus side is that this will allow you to familiarize yourself with a small number of good stocks, all of which have very high trading volume, making their movements somewhat easier to predict.

    Some sketchy brokers: Just like with forex trading and regular stocks trading, you need to do your homework before choosing your binary options broker. There are a number of very good and trusted brokers, but there are just as many sketchy ones. This is key if you plan to succeed.

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    Patrick Mahinge

    Patrick Mahinge is a prolific digital marketer and "serial webpreneur". He runs multiple profitable niche websites and blogs monetized through affiliate marketing and advertising. Patrick generously shares his expertise in affiliate marketing, blogging, and online business through his Facebook group of over 5,000 aspiring entrepreneurs.

    1. this is very nice article,where can get this Man Paul Mugenda?

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