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CAPEX in Kenya — review, licence and costs
Cost calculator (median of 36 priced of 55)
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%55
- Round-turn cost20%92.5
- Safety20%10
- Payouts15%80
- Track record10%50
- Platforms10%25
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- KW Investments Ltd
- Founded
- 2016
- Retail leverage
- 300 group
- Round turn
- 6.5 USDKE
- Currencies
- USD/EUR. No KES account verified.
- Swap-free account
- yes
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Licence check
Open an account with CAPEXThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards Kenya residents
- KW Investments Ltd
- Local standing
- Not CMA-regulated in Kenya. Post-NAGA merger CAPEX.com no longer accepts new clients; directed to NAGA Markets.
- Licence as the register states it
- No CMA Kenya licence. Offshore Seychelles FSA SD020 only.
- Leverage for this entity
- Offshore Seychelles up to ~1:300 (historic). Not verified for new KE clients (onboarding closed).
- The firm behind it
- CAPEX.com launched 2016 by Key Way Group; merged into NAGA Group Aug 2024.
- What we hold against it
- Not CMA-licensed. Brand winding down; onboarding closed, redirected to NAGA.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Kenyan residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youNot CMA-regulated in Kenya. Post-NAGA merger CAPEX.com no longer accepts new clients; directed to NAGA Markets.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against Kenya market median(priced from 36 of 55)
Medians run over the 36 of 55 brokers that publish a price for Kenya, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Essential ($100), Original ($1, 000), Signature ($25, 000). The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Payouts
Identical for every row: Deposit, h 24 · Fee, USD 0 · Min, USD 50.
Taxes for a Kenyan resident(1 rule)
- Forex/CFD profit treated as ordinary income for most retail traders (not capital gains), added to taxable income, taxed on graduated bands roughly 10% up to a top marginal rate of 35% (as of the review;https://capex.com/en/licenses-and-regulations
Not tax advice. Check with the Kenya Revenue Authority.
Deposit and withdrawal methods (3 methods · 1 local)
Cards, bank wire, e-wallets.
- Cards
- Bank wire
- E-wallets. M-Pesalocal
- Account currency
- USD/EUR. No KES account verified.
- Fee declared
- 3 of 3 methods
- Withdrawal back to
- the funding method
Where it does not serve(4 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(2 platforms)
- CapexTrader
- MT5
| Class | Min spread | Leverage |
|---|---|---|
| CapexTrader | 1.4 | 300KE |
| MT5 | 1.4 | 300KE |
71 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard, Pepperstone no minimum deposit, Trade Nation Two live tiers - lower-leverage and 65 more.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.1 | 1,900 |
Share of reviewers in Kenya: — The platform does not publish it.
Pros and cons(4 for and 4 against, each tied to a figure on this page)
- Round turn 6.5 USD on the raw + commission basis, under the Kenya median 7
- Withdrawal in 24 h, one of 46 of 55 brokers here that publish a time
- Swap-free account available
- Round-turn cost 92 of 100, its strongest of 6 scored axes
- No Kenya authorisation on file: the entity that onboards you is licensed elsewhere
- Min deposit 100 USD, over the Kenya median 25
- The published 1:300 comes from the group's offshore entity, not from the Kenya one
- Safety 10 of 100, its weakest of 6 scored axes
Alternatives in Kenya(6 of 55 scored in Kenya)
- Round turn, USD
- 6KE
- Min deposit, USD
- 100KE
- Leverage
- 500KE
- Rank in this country
- #12
- Round turn, USD
- 7KE
- Min deposit, USD
- 100KE
- Leverage
- 500KE
- Rank in this country
- #18
- Round turn, USD
- 6KE
- Min deposit, USD
- 0 groupKE
- Leverage
- 500 group
- Rank in this country
- #10
- Round turn, USD
- 6KE
- Min deposit, USD
- 10 groupKE
- Leverage
- 3000KE
- Rank in this country
- #14
- Round turn, USD
- 8KE
- Min deposit, USD
- 100KE
- Leverage
- 200KE
- Rank in this country
- #28
- Round turn, USD
- 7KE
- Min deposit, USD
- 100KE
- Leverage
- 1000 group
- Rank in this country
- #5
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a Kenya score. Full methodology
| Axis | Weight | What is measured | CAPEX |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 55 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 92 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 10 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 80 |
| Track record | 10% | Years since the firm was founded, from its own filings | 50 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 25 |
Where CAPEX sits in the Kenya base(55 brokers)
Round-turn cost, USD (36 of 55 priced)
Median 7 USD · range 3-23 · this broker 6.5 USD · 19 of 55 brokers do not publish it
Minimum deposit, USD (27 of 55 priced)
Median 25 USD · range 0-2500 · this broker 100 USD · 28 of 55 brokers do not publish it
Retail leverage (29 of 55 with a Kenya figure)
Median 1:500 · range 30-5000 · this broker 1:300 · 26 of 55 brokers do not publish it
Withdrawal time published (55 brokers)
FAQ
- Does CAPEX accept residents of Kenya?
- No. Not CMA-regulated in Kenya. Post-NAGA merger CAPEX.com no longer accepts new clients; directed to NAGA Markets. Onboarding entity: KW Investments Ltd
- Is CAPEX licensed to serve clients in Kenya?
- No CMA Kenya licence. Offshore Seychelles FSA SD020 only. Checked on 09.07.2026.
- How much does one round turn cost at CAPEX?
- About 6.5 USD per standard lot on EUR/USD. The median across brokers measured for Kenya is 7.0 USD.
- What leverage does CAPEX offer to retail clients in Kenya?
- Up to 1:300. Offshore Seychelles up to ~1:300 (historic)
- Which trading platforms does CAPEX support?
- CapexTrader, MT5. Instruments: 2,100+ instruments: FX, shares, ETFs, indices, commodities, crypto CFDs.
- How can I withdraw money from CAPEX in Kenya?
- Cards, bank wire, e-wallets. M-Pesa/local rails not verified at review.
- What account types does CAPEX offer?
- Essential ($100), Original ($1,000), Signature ($25,000).
- Does CAPEX offer a swap-free (Islamic) account?
- Yes. CAPEX offers a swap-free (Islamic) account to Kenya residents.