FXPesa (EGM Securities) — review & details

In Forex & CFD brokers · By the Rateweb editorial team · How we rate · Details checked 2 Aug 2026

Kenya's first locally licensed online forex broker — EGM Securities holds CMA licence No. 107. Non-dealing licence (it passes your orders to the market rather than taking the other side). MT4/MT5, M-Pesa funding in shillings, low entry point, local support.

CMA-licensed locally

FXPesa (EGM Securities)

Kenya's first locally licensed online forex broker — EGM Securities holds CMA licence No. 107. Non-dealing licence (it passes your orders to the market rather than taking the other side). MT4/MT5, M-Pesa funding in shillings, low entry point, local support.
★★★★☆
4.3/5 · How we rate
CMA licence No. 107 (EGM Securities) — verify on licensees.cma.or.ke
Regulation
MetaTrader 4 / MetaTrader 5
Platforms
M-Pesa in shillings; low minimum deposit
Funding
Yes — a Kenyan regulator and local dispute resolution
Local Recourse
standard
Account
Pros
  • Locally CMA-licensed — the strongest position for a KE trader
  • M-Pesa deposits/withdrawals in shillings
  • MT4/MT5, low entry
Cons
  • Forex/CFDs are high-risk regardless of broker
  • High leverage magnifies losses
  • A licence protects conduct, not from losses
Visit FXPesa (EGM Securities)
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How FXPesa (EGM Securities) compares in forex & cfd brokers

FXPesa (EGM Securities) scores 4.3/5 in our forex & cfd brokers rankings. It's our current top pick in this category. Always compare a few before you decide — see the full forex & cfd brokers comparison.

FXPesa (EGM Securities)
4.3/5 · this page
 XM (TPXMGLOBAL Kenya)
4.2/5
 Scope Markets Kenya
4.0/5
Regulation CMA licence No. 107 (EGM Securities) — verify on licensees.cma.or.ke CMA-licensed (TPXMGLOBAL Kenya Limited) — verify on licensees.cma.or.ke CMA-licensed (SCFM Limited) — verify on licensees.cma.or.ke
Platforms MetaTrader 4 / MetaTrader 5 MetaTrader 4 / MetaTrader 5 MetaTrader 4 / MetaTrader 5
Funding M-Pesa in shillings; low minimum deposit — Local funding options incl. M-Pesa
Local Recourse Yes — a Kenyan regulator and local dispute resolution — Yes — CMA-regulated
Visit FXPesa (EGM Securities) → Visit XM → Visit Scope Markets Kenya →

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Details last checked: July 2026

Ratings are Rateweb's editorial opinion. Product details are checked periodically but can change — confirm current terms with the provider before acting. We may earn a commission from some links, at no cost to you.