FXPesa Review: Is Your Deposit Safe?

FXPesa is the trading name of EGM Securities Limited, a Kenyan broker founded in 2016 and licensed by Kenya's Capital Markets Authority as a Forex Execution License (STP) dealer under licence number 107. It offers forex, shares, indices, commodities and ETFs through MT4, MT5 and Equiti Trader, with copy trading and a demo account.

The point to weigh is the contrast between that local licence and a WikiFX score of 4.04. This review covers what the licence actually confirms, what you can trade, and what to check before you deposit.

Who Is FXPesa?

FXPesa operates under EGM Securities Limited, a company registered in Kenya and founded in 2016. Its trading tools include MT4, MT5 and the Equiti Trader platform, and it supports copy trading as well as a demo account.

WikiFX Dealer Page

Regulation and Safety

FXPesa is CMA-licensed. WikiFX's regulatory records show EGM Securities Limited under a Kenya Capital Markets Authority Forex Execution License (STP) with licence number 107, marked as regulated. The CMA's own list of licensees also shows EGM Securities Limited trading as FXPesa under that licence number.

This is a local Kenyan licence, so its client protections centre on Kenyan operations. If you register from another country, confirm which entity will hold your account and which rules cover withdrawals.

Trading Products and Accounts

The tradable range covers forex, shares, indices, commodities and ETFs; cryptocurrencies, bonds and options are not listed. The average spread on the Standard account is around 1.4 pips, and leverage goes up to 1:400.

Strengths and Limitations

The clearest strength is the domestic licence: a CMA-regulated Kenyan entity gives local traders a regulatory contact if something goes wrong. A demo account, copy trading and the MT4, MT5 and Equiti Trader platforms add practical flexibility.

The main limitation is the score. WikiFX shows 4.04, which sits on the lower end despite the licence, so the checks should not stop at the licence number.

Final Thoughts

FXPesa is a CMA-licensed Kenyan broker with a genuine regulatory identity and a usable product range, but the low WikiFX score means a deposit decision still deserves independent verification.

Before depositing, verify the CMA licence directly, read the withdrawal terms for your payment method and test a small withdrawal first. You can track FXPesa's live score and any new complaints on the WikiFX App.