Recalculated 2026-11-02 · Established 2019 · EGM Securities Limited
EGM Securities (FXPesa) — Kenya
EGM Securities (FXPesa) is rated 4.11 out of 5 by our formula (scored, but outside the ranking) for traders in Kenya: round turn 7 USD, residents accepted — Yes.
Suits you if you can open with 0 USD · it takes residents of Kenya · a swap-free account is available
Key facts (8)
- Who actually onboards you
- EGM Securities Limited
- Licence number
- 107
- Established
- 2019geo
- Min deposit, USD
- 0 USDgeo
- Platforms
- MetaTrader 4 (MT4) desktop/web/mobile · FXPesa app
- Local funding
- M-Pesa (instant deposits/withdrawals), bank tran
- Max leverage
- 400geo
- EURUSD
- 1.4 pipsgroup
Accounts (2)
EGM Securities (FXPesa) publishes no cost per lot for any account offered in Kenya.
This broker against the Kenya middle (37 of 56)
| EGM Securities (FXPesa) | Kenya median | |
|---|---|---|
| Round turn, USD | 7.0 USD | 7.0 USD |
| Min deposit, USD | 0 USDgeo | 25.0 USD |
| Max leverage | 400geo | 500.0geo |
| Withdrawal, h | 3 hoursgeo | 48.0 h |
| EURUSD, standard | 1.4 pipsgroup | 1.0 pips |
| EURUSD, raw | 0.0 pipsgeo | 0.0 pips |
| Established | 2019geo | 2009.0 |
| Platforms | 2 | 3.0 |
Licensed in Kenya
CMA-regulated domestic (non-dealing online forex broker)
28 of 56 brokers in our base hold a licence issued in Kenya. That is a fact about the market, not about EGM Securities (FXPesa).
- Who actually onboards you
- EGM Securities Limited
- Licence number
- 107
- Local licence
- yes
- Checked
- 2026-07-11
Score (5/6 axes)
A weighted average of the axes below. Each axis is measured on the same scale as the score itself, and carries the weight shown beside it.
Check:26.7% × 4.50+ 26.7% × 5.00+ 20.0% × 4.88+ 13.3% × 1.75+ 13.3% × 2.75= 4.11
Shown, not ranked: no review-platform rating
Licence check
- Licence number
- 107
- Checked
- 2026-07-11
Who actually onboards you
EGM Securities Limited
Locally licensed entity
EGM Securities Limited, trading as FXPesa; member of the global Equiti Group
What one lot actually costs in Kenya (37 of 56)
raw+commission
Account types and entry terms
Live Executive and Premiere accounts; plus Islamic (swap-free) and Demo accounts
How long a withdrawal takes
Platforms and markets (2)
MetaTrader 4 (MT4) desktop/web/mobile · FXPesa app
2,000+ instruments across ~5 asset classes: forex, stock CFDs, indices, ETFs, commodities/metals (CFDs)
The public rating
FX Pesa holds a Trustpilot rating of 3.5/5 based on 24 reviews
Upsides and the things that are missing
Pros (3)
- Licensed locally: 107
- Swap-free account available
- Withdrawal published at 3 hours
Cons (1)
- Round turn 7.0 USD against a Kenya median of 7.0
Where else a Kenya resident can go (6)
Where it does not serve
United States, US Virgin Islands, Canada, Israel, Iran, North Korea, Cuba, Syria, Sudan, Afghanistan, Myanmar, Burundi, Democratic Republic of Congo
Methodology
the weighted mean of six axes, each on the same 0–5 scale · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%
Sources (4)
4 sources, read on 2026-07-11. Ordered by weight of evidence: regulator registers first, then the broker's own documents, review platforms and aggregators.
- Regulator registers
- 1licensees.cma.or.ke/licenses/5licensees.cma.or.ke · pageRegister
- Aggregators and directories
- 2fxpesa.com/ke-en/about-usfxpesa.com · pageAggregator
- 3tradersunion.com/brokers/forex/view/egm_securitiestradersunion.com · pageAggregator
- 4kenyaforexfirm.com/blog/fxpesa-reviewkenyaforexfirm.com · pageAggregator
FAQ (5)
Does EGM Securities (FXPesa) accept residents of Kenya?
Yes.
Which entity onboards a Kenya client of EGM Securities (FXPesa)?
EGM Securities Limited
What licence does EGM Securities (FXPesa) hold for Kenya?
Licence 107.
What does one EURUSD lot cost at EGM Securities (FXPesa)?
7.0 USD per round turn against a Kenya median of 7.0 USD, measured on 37 of 56 brokers.
How long does a withdrawal from EGM Securities (FXPesa) take?
EGM Securities (FXPesa) publishes 3 hours. Their own wording: “For withdrawal with E-wallets and mobile payments including MPesa, the processing time is 3 hours.”.