Go to FxProEGM Securities (FXPesa) in Kenya — review, licence and costs
Cost calculator (median of 36 priced of 55)
Score (5 of 6 axes scored)
shown, not ranked: no reviews
- Round-turn cost20%90
- Safety20%100
- Payouts15%97.5
- Track record10%35
- Platforms10%55
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- EGM Securities Limited
- Founded
- 2019
- Retail leverage
- 400KE
- Round turn
- 7 USDKE
- Currencies
- KES (also USD)
- Swap-free account
- yes
Licence check
The broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards Kenya residents
- EGM Securities Limited
- Local standing
- CMA-regulated domestic (non-dealing online forex broker)
- Licence as the register states it
- CMA-licensed as a Non-Dealing Online Foreign Exchange Broker, licence No. 107 (licensed 2019). Kenya's first non-dealing online forex broker. Not an NSE equities member.
- Leverage for this entity
- CMA-regulated leverage up to 1:400 on FX pairs and metals (range 1:20–1:400); STP/mark-to-market execution, orders passed to liquidity providers
- The firm behind it
- EGM Securities Ltd, Kenya's first CMA-licensed non-dealing online forex broker (2019); one of Kenya's most popular retail forex brands; part of global Equiti Group (International Equity Group)
- What we hold against it
- not verified at review (well-established CMA licence No.107; no CMA enforcement action found)
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Kenyan residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youCMA-regulated domestic (non-dealing online forex broker)
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against Kenya market median(priced from 36 of 55)
Medians run over the 36 of 55 brokers that publish a price for Kenya, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Live Executive, Premiere accounts, plus Islamic (swap-free), Demo accounts. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Payouts(2 methods)
| Method | Deposit, h | Fee, USD | Min, USD |
|---|---|---|---|
| M-Pesa | 24 | 0 | 50 |
| Bank transfer | 24 | 0 | 50 |
Taxes for a Kenyan resident(1 rule)
- Forex/CFD profit treated as ordinary income for most retail traders (not capital gains), added to taxable income, taxed on graduated bands roughly 10% up to a top marginal rate of 35% (as of the review;https://www.fxpesa.com/ke-en/about-us/
Not tax advice. Check with the Kenya Revenue Authority.
Deposit and withdrawal methods (2 methods · 1 local)
M-Pesa (instant deposits/withdrawals), bank transfer
- M-Pesalocal
- Bank transfer
- Account currency
- KES (also USD)
- Fee declared
- 2 of 2 methods
- Withdrawal back to
- the funding method
Where it does not serve(13 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(2 platforms)
- MetaTrader 4 (MT4) desktop/web/mobile
- FXPesa app
| Class | Min spread | Leverage |
|---|---|---|
| MetaTrader 4 (MT4) desktop/web/mobile | 1.4 | 400KE |
| FXPesa app | 1.4 | 400KE |
71 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard, Pepperstone no minimum deposit, Trade Nation Two live tiers - lower-leverage and 65 more.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 3.5 | 24 |
Share of reviewers in Kenya: — The platform does not publish it.
Pros and cons(5 for and 2 against, each tied to a figure on this page)
- Locally authorised, licence 107, read on 11.07.2026
- Min deposit 0 USD, under the Kenya median 25
- Withdrawal in 3 h, one of 46 of 55 brokers here that publish a time
- Swap-free account available
- Safety 100 of 100, its strongest of 5 scored axes
- Track record 35 of 100, its weakest of 5 scored axes
- Not scored on reviews: the broker publishes no figure we could read
Alternatives in Kenya(6 of 55 scored in Kenya)
- Round turn, USD
- 7KE
- Min deposit, USD
- 20 groupKE
- Leverage
- 200KE
- Rank in this country
- #3
- Round turn, USD
- 7KE
- Min deposit, USD
- 10KE
- Leverage
- 400KE
- Rank in this country
- #4
- Round turn, USD
- 7KE
- Min deposit, USD
- 5KE
- Leverage
- 400KE
- Rank in this country
- #6
- Round turn, USD
- 9KE
- Min deposit, USD
- 10KE
- Leverage
- 400KE
- Rank in this country
- #16
- Round turn, USD
- 6KE
- Min deposit, USD
- 0 groupKE
- Leverage
- 2000 group
- Rank in this country
- #2
- Round turn, USD
- 8KE
- Min deposit, USD
- 100 groupKE
- Leverage
- 500 group
- Rank in this country
- #1
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a Kenya score. Full methodology
| Axis | Weight | What is measured | EGM Securities (FXPesa) |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | — |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 90 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 100 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 98 |
| Track record | 10% | Years since the firm was founded, from its own filings | 35 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 55 |
Where EGM Securities (FXPesa) sits in the Kenya base(55 brokers)
Round-turn cost, USD (36 of 55 priced)
Median 7 USD · range 3-23 · this broker 7 USD · 19 of 55 brokers do not publish it
Minimum deposit, USD (27 of 55 priced)
Median 25 USD · range 0-2500 · this broker 0 USD · 28 of 55 brokers do not publish it
Retail leverage (29 of 55 with a Kenya figure)
Median 1:500 · range 30-5000 · this broker 1:400 · 26 of 55 brokers do not publish it
Withdrawal time published (55 brokers)
FAQ
- Does EGM Securities (FXPesa) accept residents of Kenya?
- Yes. CMA-regulated domestic (non-dealing online forex broker) Onboarding entity: EGM Securities Limited
- Is EGM Securities (FXPesa) licensed to serve clients in Kenya?
- CMA-licensed as a Non-Dealing Online Foreign Exchange Broker, licence No. 107 (licensed 2019). Kenya's first non-dealing online forex broker. Not an NSE equities member. Checked on 11.07.2026.
- How much does one round turn cost at EGM Securities (FXPesa)?
- About 7.0 USD per standard lot on EUR/USD. The median across brokers measured for Kenya is 7.0 USD.
- What leverage does EGM Securities (FXPesa) offer to retail clients in Kenya?
- Up to 1:400. CMA-regulated leverage up to 1:400 on FX pairs and metals (range 1:20–1:400)
- Which trading platforms does EGM Securities (FXPesa) support?
- MetaTrader 4 (MT4) desktop/web/mobile, FXPesa app. Instruments: 2,000+ instruments across ~5 asset classes: forex, stock CFDs, indices, ETFs, commodities/metals (CFDs)
- How can I withdraw money from EGM Securities (FXPesa) in Kenya?
- M-Pesa (instant deposits/withdrawals), bank transfer
- What account types does EGM Securities (FXPesa) offer?
- Live Executive and Premiere accounts; plus Islamic (swap-free) and Demo accounts
- Does EGM Securities (FXPesa) offer a swap-free (Islamic) account?
- Yes. EGM Securities (FXPesa) offers a swap-free (Islamic) account to Kenya residents.