Is FXPesa Regulated? Real User Reviews & Regulation Check

If you‘re looking for a reliable broker and are unsure about its legitimacy, this FXPesa Review 2025 will help you understand the broker’s reputation and regulatory status. This review covers real user feedback and complaints to give you a clear picture of its credibility.

Is FXPesa Legit Or Regulated?

The first question to address in this FXPesa Review 2025 is: Is FXPesa legit or is it regulated?

FXPesa is a well-known forex and CFD broker headquartered in Nairobi, Kenya. It was established in 2019 and operates as part of the Equiti Global Group. The broker is licensed and regulated by the Capital Markets Authority (CMA) of Kenya, providing a regulated environment for traders.

According to the companys official information:

• Registered Company: EGM Securities Limited

• Legal Structure: Limited liability company under Kenyan law

• Company Number: PVT-AAAAFF7

• Registered Address: RiverFront, 2nd Floor, Prof David Wasawo Drive, Westlands, Nairobi, Kenya

• Ownership: EGM Securities Limited owns the registered trademark FXPesa

• Regulatory License: Licensed and regulated by the Capital Markets Authority (CMA) of Kenya, License Number 107

FXPesa Reviews( 2025)

1. Slow Customer Support

One user review highlighted the slow and unresponsive customer support of FXPesa. The reviewer shared the frustration they faced during the withdrawal process, noting that support was unhelpful and delayed.

2. Withdrawal Issues & No Assistance

Another user complained that FXPesa does not process withdrawals promptly. According to the review, when they called the support line, they encountered a looped automated message with no real assistance. Instead of helping with their refund, the broker allegedly asked them to deposit more money. The user also claimed that FXPesas reviews appear scripted and fake.

3. Fake Offers

Some users reported that FXPesa runs fake bonus schemes, taking money from clients accounts under false pretenses.

4. Lack of Transparency

One user mentioned that FXPesa lacks transparency and credibility. Their trading bonuses, for example, can be removed within 30 days due to fine-print conditions. Users also reported issues with slippage and spreads, stating that trades can be activated before reaching the intended buy stop, stop-loss orders can be triggered prematurely, and sometimes take-profit levels are hit but trades do not close correctly.

5. Withdrawal Problems & Manipulation of MT5

A reviewer from Kenya described FXPesa as one of the worst brokers. They alleged that the broker prevents clients from withdrawing their initial capital after making profits. The user also claimed that FXPesa manipulates the MetaTrader 5 platform, causing traders to lose money unfairly while the broker profits.

FXPesa Review by WikiFX: Score & Regulation

While searching for FXPesa reviews, we found that WikiFX gave FXPesa a score of just 1.56 out of 10. WikiFX also issued a warning against the broker:

Warning: Low score — please stay away!

It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!

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