A new report reveals that the vast majority of Kenyan forex traders are losing money, questioning whether success is due to skill or sheer luck in a seemingly rigged market.

• 77.6% of 152,110 active client accounts recorded losses in 2025, with net losses climbing to Sh5.87 billion.
• The Capital Market Authority (CMA) data highlights a concerning trend of fewer players experiencing deeper financial wounds.
• High leverage limits (up to 1:400) and broker fees are cited as factors heavily weighting the game against traders, with brokers like Exness and HF Markets absorbing significant client losses.