
RebelsFunding, AlphaCapital, The5ers, FTMO are some of the most outstanding prop companies for Kenyan traders. They are known for their reliability, affordable funding programs, and focus on trader development.
Let’s closely examine their packages and services:
| Features |
|
|
|
|
|---|---|---|---|---|
| Price range | $25 – $890 | €155 – €1,080 | $39 – $850 | $97 – $997 |
| Max capital allocation | $640,000 | $400,000 | $4,000,000 | $400,000 |
| Payment methods | Credit/Debit card, Cryptocurrency, PayPal | Apple Pay, Credit/Debit Card Crypto, Google Pay, PayPal, Skrill | Bank Transfer, Apple Pay, CardCredit/Debit Card, Crypto, Google Pay, PayPal | Credit/Debit Card, Crypto, PayPal |
| Withdrawal methods | Bank wire transfer, Crypto, RiseWorks, Wise | Skrill, Crypto, MasterCard, Bank transfer | Crypto, Bank transfer, Riseworks | Riseworks, Wise, Bank transfer |
| Minimum withdrawal | $50 | $50 for crypto, $20 for bank wire. | $150 | $100 |
| Profit split | 80% – 90% | 80% – 90% | 50% – 100% | 80% |
| Refund | ✅ up to 200% refund of your account’s purchase fee | Yes ✅ | No ❌ | No ❌ |
| Free trial | Yes ✅ | Yes ✅ | No ❌ | Yes ✅ |
| No time limit | Yes ✅ | Yes ✅ | Yes ✅ | Yes ✅ |
| Trading platform | RF-Trader (in-house trading platform) | MetaTrader 4, MetaTrader 5, DXtrade and cTrader (third party platforms) | MetaTrader 5 | Match-Trader, cTrader |
| Instruments | Forex, Metals, Energies, Crypto, Indices & Equities | Indices, Commodities, Stocks, Crypto, Forex | Securities, Forex, Metals, Indices | CFD, Forex, Metals |
| News trading | Yes ✅ | Yes ✅ | Yes ✅ | Yes ✅ |
| Weekend holding | Yes ✅ | Yes ✅ | Yes ✅ | Yes ✅ |
| Overnight holding | Yes ✅ | Yes ✅ | Yes ✅ | Yes ✅ |
| Challenge types | One-step, two-step, three-step, four-step | 2-step | 1-step, 2-step, 3-step | Phase 1, 2 & 3 |
| Consistency rule | None ❌ | Yes ✅ | Yes ✅ | Yes ✅ |
| Expert Advisors | No ❌ | Yes ✅ | Yes ✅ | Yes ✅ |
| Customer service | Responsive 24/7 | Responsive | Responsive | Responsive |
| Rating |
4.5/5 |
5/5 |
5/5 |
4.5/5 |
It is important you learn more about your firm of interest from online review platforms like TrustPilot, and social media posts/comments. Analyse what current users are saying.
Next, try to filter untrue, biased or exaggerated expressions from honest/constructive inputs. Additionally, you can even contact the company and make enquiries, for clarifications.
Work with a proprietary firm with a good percentage of positive critique; choose it if several current customers have attested to and testified as trustworthy and reliable.
Can you easily get funding without “breaking the bank”? Are their programs affordable? As a starter, it would be safe to invest little and familiarize yourself with the company. Go for a company with a cheap or budget-friendly account.
What percentage of your profit are you taking home? To find this, check the terms of your chosen program. The profit-split differs from one account to the other. Choose a profit-sharing structure that you are satisfied with.
These are utilities, platforms, educational resources, and care to accelerate your success. A prop firm focused on traders’ growth also offers good psychological and technical help to improve trading experience and performance.
Prioritise more than just funding. Choose a company that equips you with technology that makes your journey easy, efficient, rewarding and enjoyable.
RebelsFunding’s RF-Trader is an example of a smart trading platform every trader who wants to excel in prop trading should try (There is a free trial).
Designed specifically for proprietary trading purposes, this software is integrated with TradingView charting. It has a risk management calculator, learning section, bid&ask charts, real time alerts, live dashboard and more. Everything to help you grow.
Finally, check if your trading style is accepted by the firm. You should pick the one that embraces your technique.
Interestingly, all the firms in the table approve most trading methods (with maybe a little caveat here and there). For certainty, read through the guidelines on their official website or contact them directly.
Yes, as a Kenyan resident, you can join a proprietary firm based abroad as long as KE is not on their list of restricted countries.
Profits from proprietary trading are taxed just like regular income. You can pay up to 30% depending on your reward amount. For crypto, there is a 3% fixed fee on every transaction. For further instructions and guidance, contact a licensed tax expert in the country.
Proprietary companies are not required to be regulated by the Capital Markets of Kenya. The reason is firms offer funding only. They do not manage traders’ funds. What you want to look out for is if the firm is legally registered as a business in its home country.
Yes, you can make huge profits from prop trading in Kenya, but you can equally lose. It is important you approach trading as business and not a get-rich-quick scheme. A backtested strategy, solid risk management and patience can take you a long way.
Looking to expand your options beyond Kenya? Check out our comprehensive reviews of leading prop companies in Nigeria and proprietary firms in South Africa.
