Top Licensed Stockbrokers in Kenya 2026 | Money Market Hub Kenya
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Top Licensed Stockbrokers in Kenya (2026 Practical Guide)
In Kenya, investing in shares requires a CMA-licensed broker. This guide ranks top brokers, shows minimum investments, commission rates, and platform features, and explains how to choose the right broker for both beginners and experts.
The Real Question Kenyans Ask
Many Kenyans ask: “I want to invest in shares — but who can I trust with my money?”
From what I’ve seen, the real problem is not lack of brokers, but confusion over fees, platforms, and reliability. Licensed brokers are your first step to safe NSE investing.
Understanding CMA-Licensed Brokers
Only CMA-licensed firms can:
- Open and manage your CDS account
- Execute trades on the NSE
- Offer shares, ETFs, bonds, and other listed products
Read more: Ordinary Shares Explained Simply in Kenya
Top Licensed NSE Brokers (2026 Ranking)
| Rank |
Broker |
Minimum to Open (KES) |
Commission (Equities) |
Custody Fee (p.a.) |
Notes |
| 🥇 1 |
 Faida Investment Bank |
1,000 |
~1.0% |
0.08% |
Great for beginners, mobile trading, simple fees. |
| 🥈 2 |
 Kestrel Capital |
5,000 |
~1.15% |
0.10% |
Strong research and advisory focus. |
| 🥉 3 |
 Renaissance Capital |
10,000 |
~0.95% |
0.15% |
Institutional features and depth. |
| 4 |
 AIB-AXYS Africa |
2,000 |
~1.0% |
0.10% |
Both equities and bonds tools. |
| 5 |
 SBG Securities |
1,000 |
~1.3% |
0.12% |
Convenient for bank-linked investors. |
| 6 |
 Dyer & Blair Kenya |
10,000 |
~1.4% |
0.12% |
Experienced and steady brokerage. |
| 7 |
 Genghis Capital |
5,000 |
~1.2% |
0.11% |
Strong digital experience. |
| 8 |
 Sterling Capital |
3,000 |
~1.1% |
0.12% |
Balanced cost and research. |
| 9 |
 African Alliance |
2,500 |
~1.3% |
0.12% |
Good support for diverse portfolios. |
| 🔟 10 |
 Standard Investment Bank (SIB) |
1,000 |
~1.25% |
0.14% |
Conservative, blue-chip focused. |
FAQs
- Q: Can I start investing with just KES 1,000?
- Yes, some brokers allow opening an account with as little as KES 1,000 and buying even one share.
- Q: Is the broker’s commission the only cost?
- No. Additional CMA, NSE, and CDSC levies apply on every trade. Always request full fee breakdown.
- Q: What if I want both shares and bonds?
- Brokers like AIB-AXYS and Kestrel offer both equities and fixed income.
- Q: Must I use a mobile app?
- Not always, but mobile access makes trading faster and simpler for most Kenyans.
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About the Author
Postine Ngeli is a Kenyan finance writer and founder of Money Market Hub Kenya. He writes practical guides on shares, MMFs, SACCOs, and NSE investing for ordinary Kenyans.
This article is for educational purposes only and does not constitute financial advice. Always do your own research or consult a licensed financial advisor before investing.
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