FXPesa (EGM Securities)

Written by How we review

FXPesa (EGM Securities) is a Kenya-based forex and CFD broker offering broad market access via web and mobile platforms, with local customer support and education resources. Operated by EGM Securities, it provides multiple account types and funding options with standard risk disclosures.
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Key facts

7.5/10
Our rating
#141
Trust rank
2017
Founded
1
Licences
CMA
11
Countries accepted
HeadquartersKenya
Broker typeECN, Market Maker
RegulationCMA
PlatformsMT4, Proprietary
InstrumentsCommodities, Forex, Indices, Metals, Shares
Fee levelMedium

Updated

Pros

  • • CMA-regulated Kenyan broker
  • • Instant M-Pesa and local bank deposits/withdrawals
  • • Low minimum deposit with KES and USD base currencies
  • • ECN/Raw pricing option with tight spreads
  • • Wide range of CFDs (forex, indices, commodities, shares)

    • Cons

  • • - No top-tier regulation for the Kenyan entity
  • • - No cTrader or TradingView platform support
  • • - Limited asset variety; CFDs only (no real shares/ETFs)
  • • - No guaranteed stop-loss orders (GSLO)
  • • - Wider spreads on Standard accounts

    • Key Features

  • • CMA Kenya regulated broker
  • • Segregated client funds
  • • MT4 and proprietary mobile app trading
  • • Forex and CFDs on indices commodities metals shares
  • • Instant funding and withdrawals via M Pesa and local banks
  • • Multiple account types for different pricing models

    • Similar Brokers

    Where This Broker Ranks

    FXPesa (EGM Securities) is not in the top 10 for any country or territory we rank yet. Each list shows the ten highest-rated brokers that accept clients there. How we rate brokers · All rankings by country

    How we review: We rate brokers on regulation, safety of client funds, trading costs, platforms and tools, execution, and reputation, using independent research and hands-on platform testing where possible. Partners cannot buy higher scores. This content is informational only, not investment advice.

    See our Methodology and Risk Disclosure for full details.

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    We will review issues related to the information shown on BrokerCatalogue (fees, features, data, wording). For account, deposit, or withdrawal problems, please contact the broker directly. We cannot access your funds or fix platform-side issues.

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    Frequently Asked Questions

    FXPesa (EGM Securities) operates under a licensed brokerage entity in its home jurisdiction. It must follow client-money rules, conduct standards, and reporting duties set by the regulator. Your funds are typically kept in segregated accounts separate from the operating capital of the firm. The broker applies onboarding checks and ongoing compliance controls. Some accounts or regions may include safeguards such as negative balance protection. Always review the legal documents, disclosures, and risk notices before opening an account. This information is general and for education only.

    You get live and demo accounts with different pricing models and features. Accounts can suit various trade sizes and experience levels. You trade through popular third-party desktop, web, and mobile platforms, plus its own app where available. Core tools include charts, technical indicators, market and pending orders, alerts, and basic automation support. Platform availability, features, and product lists can vary by region. Check the broker platform pages and terms to confirm what you can access in your country and how platform fees are applied.

    Costs can include spreads, commissions on some instruments, overnight financing, and currency conversion where your account and trade currencies differ. You may face deposit or withdrawal processing fees from payment providers. An inactivity fee can apply after no trading for a period, depending on the account. Pricing, tick size, and contract specs vary by instrument and platform. The broker publishes a fee schedule and legal documents that explain how charges work. Review those materials so you understand your total trading cost before you place orders.

    You can fund and withdraw via bank transfer, cards, local payment methods, and e-wallets, subject to your region and account status. The broker usually returns withdrawals to the original funding method when possible. Processing times vary by method and due diligence checks. You may need to verify your identity, address, and payment source before funds move. Third-party charges can apply. Internal cut-off times, limits, and compliance rules are set out in the funding policy. Contact support if a payment needs tracking.

    You can trade forex pairs and CFDs across indices, commodities, and shares, depending on your region and account. Contract specifications, trading hours, and margin requirements vary by product and platform. Prices can gap and move quickly during events or thin liquidity, which can affect execution and slippage. Use order types that fit your approach and review details for each symbol before sending a trade. Product availability and conditions can change, so check the contract schedule and terms on the broker site for the latest coverage.

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