M-Pesa Binary Options Brokers
M-Pesa is a mobile money service, launched out of Kenya, facilitating in-store payments as well as money transfers between accounts without users having to open a bank account. This also makes it convenient for funding binary options trading if you’re based in Africa.
This guide explains how to make transfers to binary options brokers that accept M-Pesa deposits, as well as typical payment speeds and fees. We also list the best M-Pesa binary options brokers in 2025. We confirmed that every binary platform below accepts M-Pesa by signing into their cashier portals or confirming with their customer support teams.
Binary Brokers with M-Pesa
| Broker |  | Min Deposit | Expiry Times | ||
|---|---|---|---|---|---|
 |
Deriv | $5 | 15 seconds - 365 days | ||
 |
ExpertOption | $10 | 5 seconds - 24 hours |
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About M-Pesa
M-Pesa is a mobile money service that was launched in Kenya in 2007 by Safaricom with Vodafone involvement, and later the M-PESA brand/platform rights were moved into a Vodacom–Safaricom joint venture.
It is used across Africa, including in Mozambique, Tanzania, Egypt, Ghana, and Lesotho, becoming one of the largest fintech platforms on the continent with over 63 million users across Africa.
The service was founded by Safaricom, with support from and is now jointly owned by Vodacom and Safaricom. The expansion has provided banking options to many who were not able to easily bank before.
M-Pesa ultimately provides greater safety and speed than other services that are available in these areas. Users can pay bills, send and receive money, get loans, and more.
It can also be used for online trading, giving those in its countries of operation access to global investment opportunities. This includes binary options trading, and several leading brokers including Expert Option and Olymp Trade accept M-Pesa as a deposit and withdrawal method.
How It Works
To register with M-Pesa you can go to an authorized agent such as a mobile phone store or general purpose store near you, and upon inserting a sim card into your phone, you can deposit cash in exchange for money that will show up electronically on your account. This money can then be sent to other users across the region you are in.
After registering you will be able to facilitate transactions using your phone and a PIN, with secure SMS notifications to confirm all transactions.
Money is sent in real-time, and upon receiving money the recipient can either transfer it elsewhere or take cash out at an agent. This enables users to transfer money quickly and easily without having to open a bank account.
When it comes to binary trading, you can use M-Pesa with any broker that accepts it as a payment method. Begin by checking on the ‘payment methods’ or ‘deposits and withdrawals’ section of the broker’s website.
If the broker facilitates M-Pesa deposits and withdrawals, then you will be able to use your account to trade binary options with the firm. Although the payment brand is more commonly seen on African brokerage accounts, several international binary options brokers also accept it given the increasing potential that has been seen in the Kenyan markets in recent years.
Transaction Times
Because M-Pesa is an entirely digital and independent mobile banking service, it is able to deliver transactions with greater speed than other binary options deposit and withdrawal methods, such as bank wire transfers.
To increase the speed of transactions, you can download the M-Pesa application onto any Android or Apple mobile device. When this has been set up, you can make deposits and withdrawals to and from M-Pesa binary options brokers quickly and easily from your phone.
Note that transactions will only be instant if your chosen brokerage facilitates immediate transfers. Most M-Pesa binary options brokers advertise their transaction times alongside their accepted payment methods on their websites.
It is worth noting that withdrawals typically take longer as binary options brands often have to verify traders’ identities before releasing profits.
Pricing Review
There are fees for transferring money from your M-Pesa account and they vary depending on the amount that is being transferred and will be processed in Kenyan Shillings (KES).
Many brokers don’t charge a separate deposit fee, but M-Pesa/banks may apply their own tariffs and conversion fees, so check the broker’s fee schedule.
Security
Safaricom monitors transactions and reports suspicious activity to the Financial Reporting Centre (FRC) as required, under CBK/FRC AML frameworks.
They also carry out essential KYC checks for everyone who signs up to prevent fraud and verify transactions that are made between traders and binary options brokers that accept M-Pesa deposits.
The Central Bank of Kenya lists Safaricom PLC listed as an authorised Payment Service Provider (mobile money payments).
Overall, the payment solution is a relatively safe way to deposit and withdraw money in and out of your binary trading account.
Traders should also ensure that they use a broker that is reliable and trustworthy. Choosing a safe service or bank to hold your funds is vital, but so is choosing a broker that is going to do the same. Use our list of the best M-Pesa binary options brokers to find a secure provider.
Transfer Limits
It’s worth noting that aside from deposit and withdrawal limits that are placed on transactions by M-Pesa binary options brokers, there may also be a limit on daily transactions that are set by the payment provider.
M-Pesa also has a daily deposit limit, which is subject to change, and which is the most that you can have in your account at any given time.
Pros Of Using M-Pesa For Binary Trading
- Trustworthy: For transferring money in and out of your binary options account, M-Pesa is safe and secure as well as fast. These components make it a suitable payment method for funding binary options trading activity.
- Affordable: Considering the high transaction allowances and security that the payment solution provides, the fees are relatively low, especially since the majority of binary options brokers that accept M-Pesa deposits do not charge anything for transfers.
- Increases Financial Accessibility: M-Pesa has made binary options trading accessible to those in regions that do not have straightforward banking access, and anyone in supported regions can use it as a means of transferring money. The app is easy to use and the transactions are quick, making it good value for money too.
- Mobile trading: Given that M-Pesa is a mobile money solution, it’s a great fit for the growing class of traders who already use apps for trading binaries.
Cons Of Using M-Pesa For Binary Trading
- Limited Options: In terms of payment options, it is not the most widely accepted deposit and withdrawal solution. This means that traders will not have the same range of binary options brokers to choose from as they would if using a more popular payment method like PayPal or debit card.
- Low Global Access: Outside of Africa, it is uncommon that M-Pesa is going to be accepted, which makes it hard to trade with binary options brokers that operate elsewhere.
How To Make Deposits & Withdrawals To Binary Accounts
Deposits and withdrawals to and from M-Pesa are straightforward for binary options trading. Once you have downloaded the app to your mobile phone and registered for an account, you can connect it to your Safaricom sim and deposit money into your account.
When there is money in your M-Pesa account, you can use it to deposit money into your binary options trading account, and any money that you make trading can be withdrawn from your broker to your M-Pesa account.
Simply select M-Pesa as the payment option on your binary options broker’s cashier portal when depositing or withdrawing funds.
Bottom Line
M-Pesa is a secure and fast way to deposit and withdraw money in and out of your online investing account and has increased access to binary options trading in several African countries.
However, traders will be restricted in terms of the binary options brokers that accept M-Pesa deposits vs more common payment methods like debit card or PayPal.
Head to our ranking of the top M-Pesa binary options brokers to get started.
FAQ
Can I Use M-Pesa To Fund Binary Options Trading?
M-Pesa is a Kenyan-run online mobile payment service that facilitates money transfers between users and also from users to companies. This means that traders can transfer money to binary options brokers that accept M-Pesa deposits. African traders can also make binary options deposits using the payment provider’s mobile app.
Is M-Pesa Safe To Use For Binary Options Trading?
M-Pesa is secure to keep your money in. As long as you are using it with a trusted M-Pesa binary options broker, then it is a safe way to manage online trading activity. Use our list of the top binary options brokers that accept M-Pesa deposits to find a trustworthy trading platform.
Which Countries Is M-Pesa Available To Binary Options Traders?
M-Pesa is currently available to binary options traders in various countries, including Kenya, Tanzania, Mozambique, Egypt, Ghana, Lesotho, and DRC. Funds can also be sent to MTN customers in Uganda.
Should I Use M-Pesa For Binary Options?
M-Pesa is not as widely used as other electronic payment methods like PayPal, and because it is primarily used in African countries this limit the number of binary options brokers that support it.
If you choose one of our binary brokers that support M-Pesa payments, then they should be a sound option for deposits and withdrawals due to the payment method’s high-security levels, fast transaction times, and low withdrawal charges.