Home -
FXPesa -

Score

1.55 /10
Danger

FXPesa

Kenya

5-10 years

Suspicious Regulatory License

High potential risk

https://www.fxpesa.com/ke-en

Influence

B

Add brokers

Comparison

Quantity 1

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.34

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
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

open now

Broker Information

More

Company Name

EGM Securities Limited

Company Abbreviation

FXPesa

Platform registered country and region

Kenya

Company website

X

Facebook

Instagram

Linkedin

WhatsApp

  • 254 730 676 002

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2025-07-16
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Exposure

1 pieces of exposure in total
Pyramid scheme complaint
Expose
FXPesa · Company summary
FXPesa MARKETS Review Summary
Founded2016
Registered Country/RegionKenya
RegulationNo regulation
Market InstrumentsForex pairs, shares, indices, commodities, ETFs
Demo Account✅
LeverageUp to 1:400
SpreadAverage 1.4 pips (Standard account)
Trading PlatformMT4, MT5, Equiti Trader
Copy Trading✅
Minimum Deposit$100
Customer SupportPhone: 0800-211-185 (Toll-Free Kenya)
WhatsApPP: +254-730-676-002 (International)
Address: 12th Floor, Tower 2, Delta Corner Towers, Waiyaki Way, Westlands, Nairobi, Kenya
Regional Restrictionsthe United States, Belgium, Canada and Singapore

FXPesa Information

FXPesa, founded in 2016, is a brokerage registered in Malta. The trading instruments it provides cover forex pairs, shares, indices, commodities, and ETFs.

FXPesa Information

Pros and Cons

ProsCons
Copy tradingLack of regulation
Multiple trading instrumentsRegional restrictions
MT4 and MT5 availableNo Islamic trading account offered
Demo accounts available
Various payment options

Is FXPesa Legit?

It is clear that FXPesa is unregulated, which means that traders will be at great risk if they trade with this company. Traders should be more careful and cautious.

license

What Can I Trade on FXPesa?

FXPesa offers traders the opportunity to trade forex pairs, shares, indices, commodities, and ETFs.

Tradable InstrumentsSupported
Forex Pairs✔
Shares✔
Indices✔
Commodities✔
ETFs✔
Cryptocurrencies❌
Bonds❌
Options❌
assets

Account Type & Leverage & Fees

FXPesa provides 2 types of accounts, which are Standard and Premier. The minimum deposit is $100. The spreads are as low as 0.0 pips. The leverage is up to 1:400. It also provides demo accounts. But it doesn't provide an Islamic account.

Account TypeStandardPremier
Accepted CurrenciesUSD, KES
Minimum Deposit$0$100
Maximum Leverage1:400
SpreadAvezrage 1.4 pipsFrom 0.0 pips
Commission$0US$3.5/lot per side

Trading Platform

FXPesaT's trading platform are MT4, MT5, and Equiti Trader, which support traders on PC, Mac, iPhone and Android.

Trading PlatformSupportedAvailable DevicesSuitable for
MT4✔Web, MobileBeginners
MT5✔Web, MobileExperienced traders
Equiti Trader✔Mobile/
Trading Platform

Copy Trading

FXPesa Copy is a feature-rich platform that allows traders to copy a providers trading strategies on over 2,000+ financial assets.

Copy Trading

Deposit and Withdrawal

FXPesaT provides mutipile payment methods, which are Mobile money, eWallets, Credit cards, and Bank transfers.

Payment MethodAccepted CurrenciesDeposit FeesWithdrawal FeesDeposit TimeWithdrawal Time
M-Pesa, EAZZYPAY & Airtel MoneyKES$0$0InstantInstant
MTN & Airtel UGUGX
Vodacom, Airtel TZ, HaloPesa & TigoPesaTZSWithin 24 hours
NetellerUSD1% up to USD$301-2 working days
SKRILLUSD, KES
MastercardUSD, KES, TZS, UGX$01-2 working days, card withdrawals may take up to 15 working days to be credited into clients' card
VISA
Local or international bank wire transferDeposits: USD, KES, TZS, UGXDomestic Bank Wire: $01-5 working days
Withdrawals: Only USD & KESInternational Bank Wire: USD$15
Deposit and Withdrawal
Deposit and Withdrawal

News

Exposure2025 FXPesa Latest Review

As a forex trading platform that has rapidly risen in the African market in recent years, FXPesa has attracted considerable attention through its blend of localized services and global resource integration. But is it suitable for different types of investors? This article provides a comprehensive evaluation of the platform across various aspects, including its core features, safety, fee structure, and range of tradable instruments.

WikiFX
2025-05-20 21:47
2025 FXPesa Latest Review
About More

User Reviews

More

User comment

2

Comments

Write a review

FX4602644222
3-6months
This is a legitimate Kenyan broker under EGM Securities. It allows Mpesa transactions, a kenyan mobile payment platform.
This is a legitimate Kenyan broker under EGM Securities. It allows Mpesa transactions, a kenyan mobile payment platform.
Translate to English
2025-02-25 15:20
Reply
0
0
GameOtt
more than one year
Based on my experience dealing with FXPesa, I strongly advise staying away from them and avoiding them as much as possible. They lack professionalism and are prone to lying to keep your money. Additionally, their platform technology is very poor, often experiencing crashes.
Based on my experience dealing with FXPesa, I strongly advise staying away from them and avoiding them as much as possible. They lack professionalism and are prone to lying to keep your money. Additionally, their platform technology is very poor, often experiencing crashes.
Translate to English
2024-02-28 17:51
Reply
0
0
1