Quotex review for Kenyan traders
Quotex advertises a minimum deposit of $10, a minimum trade of $1 and payouts of up to 98%, which is the highest figure among the brokers we track for Kenya. This review sets out what is known about the platform, how funding works from Kenya, and where the record is thin.
Figures checked 19.10.2026Quotex at a glance
Quotex is a fixed-time trading platform available on Android, iOS and the web through its own Quotex platform. The minimum deposit is $10 and the minimum trade size is $1, which puts it in the same entry range as most brokers aimed at Kenyan retail traders.
The headline figure is the maximum payout of 98%. That is higher than the 90-95% range shown by most competitors in our table, though payout varies by asset and trade type, and the maximum is not what every trade returns.
For a Kenyan trader, the practical question is not only the payout but how money moves. Quotex does not publish a Kenya-specific funding page in the material we reviewed, so deposits and withdrawals generally run through the payment routes available in the country rather than a direct M-Pesa paybill operated by the broker itself.
Licensing and regulation in Kenya
The Capital Markets Authority licenses online forex brokers and money managers in Kenya. It does not license fixed-time trading, which is the product Quotex offers. That means no fixed-time broker, including Quotex, holds a Kenyan licence for this activity.
We found no licence for Quotex in any register we read. That is not the same as proof of wrongdoing, but it does mean there is no regulator in the records we hold that a Kenyan customer can point to for this broker.
By comparison, Deriv lists MFSA 70156, Labuan FSA MB/18/0024 and VFSC company No. 14556 on record. Pocket Option lists MISA (Mwali) T2022086. IQ Option lists CySEC 247/14. Quotex lists none.
We hold no regulator warnings for Quotex. That is a neutral fact, not an endorsement: a broker with no licence on record and no warning on record is simply less documented than a broker with a licence on record.
Deposits and withdrawals from Kenya
Kenyan traders fund accounts through four main routes: M-Pesa, bank transfer, cards and USDT. M-Pesa is how most traders here fund an account, usually through a payment partner rather than the broker directly. Bank transfer works through PesaLink or a standard transfer from any local bank.
Cards are Visa and Mastercard, subject to your bank's international limit. USDT is usually TRC-20 and is the fastest route when a card is declined.
Quotex does not publish a fixed fee schedule for Kenyan withdrawals in the material we reviewed. What matters in practice is which payment partner handles the M-Pesa leg, because that partner's limits and processing times determine how fast shillings arrive.
Before depositing, confirm the exact KES amount after conversion, the withdrawal minimum, and whether the same route used for deposit is available for withdrawal. A broker that accepts USDT deposits but only pays out to a different method creates friction you should know about in advance.
Platform and trading experience
Quotex runs on its own platform rather than MetaTrader or TradingView. The apps are available for Android and iOS, and there is a web version. The minimum trade of $1 is low, which suits traders who want to test the platform with small amounts.
The 98% maximum payout is the main draw. For context, Deriv lists up to 100%, Pocket Option up to 92%, IQ Option up to 95% and Olymp Trade up to 95%. The difference between 92% and 98% on a losing trade is the loss of the stake either way; on a winning trade it is a few extra shillings per hundred.
- Minimum deposit: $10
- Minimum trade: $1
- Maximum payout: 98%
- Platforms: Android, iOS, Web
- Own platform: Quotex platform
No demo account terms, asset list or execution details are published in the reference we hold, so treat the platform specifics as something to verify inside the app before committing real money.
How Quotex compares in Kenya
Quotex sits at rank 4 in our table, behind Stockity, Deriv and Pocket Option. The ranking is not a recommendation; it reflects the figures we hold and the documentation available.
Stockity has the same $10 minimum deposit and $1 minimum trade, with a 90% maximum payout. Deriv has the lowest entry point at $5 deposit and $0.35 minimum trade, plus three licences on record. Pocket Option has a $5 deposit and a 92% payout but carries warnings from the FCA, Consob and CFTC in our records.
Quotex's 98% payout is the highest among the brokers we list except Deriv's 100%. What Quotex lacks is the licence documentation that Deriv, IQ Option and Olymp Trade show. For a Kenyan trader, that is the central trade-off: a higher advertised payout against a thinner regulatory record.
If you are comparing, check the payment route first. A broker that connects cleanly to M-Pesa through a known payment partner will often matter more day to day than a two-point payout difference.
