Many people in Kenya use trading platforms to speculate on the direction of currency. These platforms are usually operated by a licensed broker. They must be headquartered in Kenya. These platforms are used by retail currency traders to speculate on currency values. There are a few different types of platforms. These include Hotforex, Scope Markets, and EGM Securities.
XM
In Kenya, you can use one of the many XM trading platforms. The trading platforms provide a wide range of tradable assets, with low fees and no commission. They also offer a mobile application that makes it easy for you to buy and sell tradable assets on the go. These brokers are regulated by the Capital Markets Authority (CMA) to ensure that they offer the best service to their clients.
Hotforex
If you live in Kenya and you would like to trade the forex, the best place to start is by choosing a reputable broker. This broker should be well regulated and offer the best trading conditions. To be able to trade successfully, you should first verify your identity. Then, you should fund your account with the necessary amount. You should also pay attention to the capital management rules set by the broker. In Kenya, some brokers support deposits via Mpesa while others provide other methods such as PayPal and Skrill. The platform should support several currencies and the trading environment should be easy to use.
Scope Markets
For investors in Kenya, Scope Markets offers a number of trading platforms to choose from. The company offers MT5 trading for free, competitive trading conditions, multilingual customer service, and educational materials in multiple languages. Besides, their platforms give investors access to a variety of global markets, including stocks, indices, commodities, and CFDs.
EGM Securities
You can choose to trade in the stock market in Kenya through EGM Securities' online trading platforms. It is important to note that the trading platforms have different rates and fees for different products. The commission charged by EGM Securities is higher than market rates. It is also important to note that you can use a demo account to practice and learn the basics of trading. The demo account is free and has unlimited usage. It also includes access to the MT4 platform.
Pepperstone
The Pepperstone trading platform is available in Kenya for people interested in foreign exchange trading. It is a regulated broker with strict Anti-Money Laundering (AML) standards. The firm also ensures that non-profit withdrawals are returned to the source of deposit. However, there are some limitations to Pepperstone's services. For starters, it accepts only USD and GBP as base currencies. This means that those from Kenya with KES bank accounts must pay currency conversion fees. Pepperstone charges the current spot rate minus up to one percent for currency conversion.
EasyMarkets
The EasyMarkets trading platform is a leading online forex broker that is regulated by both CySEC and ASIC. The company has over 200,000 clients in over 160 countries, and offers a variety of trading products and services. The company offers a demo account that you can use to practice trading and get a feel for how the system works. It also offers a number of different trading platforms, including MetaTrader 4.
Copper is a metal that is traded internationally, and in Kenya, it is traded as a commodity. In 2020, copper ores and concentrates represented 0.016% of Kenya's total merchandise exports, which were valued at $ 6.02 billion. This represents a 0.016 percent increase over 2019, when the amount of merchandise exported from Kenya totaled $ 5.83 billion.
Price of copper
In 2021, the average price of refined copper for Kenya was $X. This figure was on the rise after two years of decline. The value of Kenya's copper exports increased by X% during this period. The country's largest destination for copper exports was Ethiopia, which saw a +X% average annual growth rate.
In 2021, China was the largest producer of refined copper, followed by Russia, the Democratic Republic of the Congo, Nigeria, and Indonesia. Despite the higher prices, the supply of copper from these countries lagged behind the demand in the country. Other suppliers of refined copper included the Netherlands, Australia, Kazakhstan, India, and Mexico.
Sources of copper
Kenyans should be concerned about the presence of heavy metals in their food supply. The presence of heavy metals, such as lead and mercury, in our food should be a concern, especially for children. It is not clear how copper has made its way into our food supply, but it may have been introduced to our water and soil by anthropogenic processes.
Copper is a trace mineral that is present in most body tissues. It plays an important role in red blood cells, nerve cells, the immune system, and energy production. It also helps the body form collagen and absorb iron. Deficiencies of copper can lead to cardiovascular disease and other problems. Some people even develop Menkes disease, a condition caused by an insufficient supply of copper.
Markets for copper
Kenya's market for copper is highly dependent on foreign imports. In the last decade, it has increased by over ten percent yearly, with imports from the Netherlands accounting for the largest share. The second largest supplier, the UK, provided X% of total imports in 2021. As of 2017, the average copper export price in Kenya was $7708 per tonne.
Despite this, despite the fact that Kenya has good copper deposits, these deposits have not yet been exploited for the country's economic growth. Some believe this is due to a lack of capital and technology.
Trends in the market
Copper exports from Kenya reached a peak of $X in 2012, but subsequently decreased. The Netherlands were the country's main copper suppliers, accounting for more than ten percent of the total copper imports. From 2013 to 2021, copper imports from the Netherlands increased by X% per year, exceeding the UK's ten percent growth rate. The average export price for copper was $7708 per ton in 2020.
The value of the copper trade in Kenya decreased by -X% to $X in 2021. The growth rate for the entire output value was +X% a year over the past nine years. The trend pattern showed visible fluctuations throughout the analyzed period, but the most significant growth was seen in 2014, when production volume increased by X%. Despite the decline in production over the next two years, the value remained at a higher level than in 2015.
