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Broker Reviews

FXPesa

Trust Score:

4.25

(2 Reviews)
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About FXPesa

FXPesa offers online trading in forex, commodities, indices, shares and ETFs under the trading name of EGM Securities Ltd based in Nairobi. The platform promotes global market access with a mobile-first orientation and leverages local deposit methods alongside popular terminals to serve traders in East Africa.

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Regulation & Security

It operates under licence number 107 issued by the Capital Markets Authority (Kenya) (CMA) and holds a relationship with the Equiti Group, which is regulated in additional jurisdictions. Client funds are said to be held in segregated bank accounts.

Account and Setup

Account setup takes place online and supports low-entry thresholds with live trading accounts targeting both new and advanced traders. The broker offers retail live accounts labelled as Executive and Premier, with the latter intended for higher-volume trading and tighter spreads.

Funding Options

Funding options include bank transfers, mobile money (such as M-Pesa), credit/debit cards and local payment solutions in Kenya; withdrawals process via the registered payment account and the broker states that no deposit fee applies.

Bot & API Compatibility

The broker supports the MetaTrader 4 and MetaTrader 5 platforms, both of which allow deployment of Expert Advisors (EAs) and algorithmic trading strategies; no additional API or FIX connectivity is publicly documented.

Trading Conditions& Restrictions

Trading conditions start with spreads from approximately 1.4 pips on the Executive account and 0.0 pips on the Premier account, commission from about USD 7 per standard lot on the Premier account side, and leverage up to 1:400 on forex. Trading takes the form of leveraged CFDs and carries the risk of losses exceeding the initial deposit.```

Regulation & Security

It operates under licence number 107 issued by the Capital Markets Authority (Kenya) (CMA) and holds a relationship with the Equiti Group, which is regulated in additional jurisdictions. Client funds are said to be held in segregated bank accounts.

Account and Setup

Account setup takes place online and supports low-entry thresholds with live trading accounts targeting both new and advanced traders. The broker offers retail live accounts labelled as Executive and Premier, with the latter intended for higher-volume trading and tighter spreads.

Funding Options

Funding options include bank transfers, mobile money (such as M-Pesa), credit/debit cards and local payment solutions in Kenya; withdrawals process via the registered payment account and the broker states that no deposit fee applies.

Bot & API Compatibility

The broker supports the MetaTrader 4 and MetaTrader 5 platforms, both of which allow deployment of Expert Advisors (EAs) and algorithmic trading strategies; no additional API or FIX connectivity is publicly documented.

Trading Conditions& Restrictions

Trading conditions start with spreads from approximately 1.4 pips on the Executive account and 0.0 pips on the Premier account, commission from about USD 7 per standard lot on the Premier account side, and leverage up to 1:400 on forex. Trading takes the form of leveraged CFDs and carries the risk of losses exceeding the initial deposit.```

FXPesa Reviews

( 2 )

FXPesa Reviews

( 2 )
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