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EGM Securities -

Score

2.36 /10
Danger

EGM Securities

Kenya

5-10 years

Suspicious Regulatory License

White label MT4

Global Business

High potential risk

https://www.egmsecurities.com

Influence

C

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Score

Regulatory Index0.00

Business Index7.37

Risk Management Index0.00

Software Index9.35

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

EGM Securities Limited

Company Abbreviation

EGM Securities

Platform registered country and region

Kenya

Company website

WhatsApp

  • +254-730-676-002

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2025-07-05
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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EGM Securities · Company summary
EGM Securities Review Summary
Founded2018
Registered Country/RegionKenya
RegulationNo regulation
Market InstrumentsCurrencies, Commodities, Shares, Indices, ETFs
Demo Account✅
LeverageUp to 1:400
SpreadFrom 0.0 pips
Trading PlatformMT4, MT5
Minimum Deposit/
Customer Support24/6 support
WhatsApp: +254-730-676-002
Phone (Toll-Free Kenya): 0800-211-185
Phone (International): +254-730-676-002
Email: support@egmsecurities.com
Address: 12th Floor, Tower 2, Delta Corner Towers, Waiyaki Way, Westlands, Nairobi, Kenya
BonusWelcome bonus of 30% extra on the first deposit

EGM Securities Information

Founded in 2018, EGM Securities is an unregulated broker registered in Kenya. The tradable instruments with a maximum leverage of 1:400 include currencies, commodities, shares, indices, and ETFs. The broker supports both MT4 and MT5 platforms.

EGM Securities Information

Pros and Cons

Pros Cons
24/6 customer supportNo regulation
MT4 and MT5 platforms availableUnknown minimum deposit
Demo accounts available
Various tradable instruments
Bonus offered
Popular payment options

Is EGM Securities Legit?

EGM Securities is not regulated, even though it claims to be licensed and regulated by Kenyas Capital Markets Authority. An unregulated broker is not as safe as a regulated one.

license
domain

What Can I Trade on EGM Securities?

EGM Securities offers a wide range of market instruments, including currencies, commodities, shares, indices, and ETFs.

Tradable Instruments Supported
Currencies✔
Commodities✔
Shares✔
Indices✔
ETFs✔
Cryptos❌
Bonds❌
Options❌
Mutual Funds❌

Leverage

The maximum leverage is 1:400, meaning that profits and losses are magnified 400 times. Note that higher leverage can improve profit potential while also increasing risk, therefore appropriate risk management is crucial.

EGM Securities Fees

The spread is from 0.0 pips, and the commission is $0. The lower the spread, the faster the liquidity.

Trading Platform

EGM Securities cooperates with the authoritative MT4 and MT5 trading platforms available in mobile, desktop, and tablet to trade. Junior traders prefer MT4 over MT5. Traders with rich experience are more suitable for using MT5. MT4 and MT5 not only provide various trading strategies but also implement EA systems.

Trading PlatformSupported Available Devices Suitable for
MT4✔Mobile/Desktop/TabletBeginners
MT5✔Mobile/Desktop/TabletExperienced traders
Trading Platform

Deposit and Withdrawal

EGM Securities accepts credit cards, bank transfers, eWallets, crypto wallets, mobile money like M-Pesa, and more for deposit and withdrawal. However, transfer processing times and associated fees are unknown.

Deposit and Withdrawal

Bonus

Traders can receive a welcome bonus of 30% extra on the first deposit. The bonus will be credited within 30 minutes to a maximum of 1 business day after the first deposit.

Bonus

User Reviews

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User comment

2

Comments

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King Sen Tan
more than one year
Nice Broker, that offers both Mt4 and Mt5 trading platforms. It is always good to have a versatile broker. I prefer trading using Mt5 with EGM Securities because I can use Sell-Stop Limits and Buy-Stop Limits orders, my friend on the other hand prefers Mt4 with the old-fashioned limit and stop orders.
Nice Broker, that offers both Mt4 and Mt5 trading platforms. It is always good to have a versatile broker. I prefer trading using Mt5 with EGM Securities because I can use Sell-Stop Limits and Buy-Stop Limits orders, my friend on the other hand prefers Mt4 with the old-fashioned limit and stop orders.
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2023-03-15 12:29
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yaoyao
more than one year
EGM Securities offers MetaTrader 4 and MetaTrader 5, which is an attractive point for me. But it doesn't look like it has a regulatory license... I can choose other companies, there is no need to invest here.
EGM Securities offers MetaTrader 4 and MetaTrader 5, which is an attractive point for me. But it doesn't look like it has a regulatory license... I can choose other companies, there is no need to invest here.
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2023-02-20 09:59
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