EGM Securities (FXPesa) — Kenya
Key facts (8)
- Who actually onboards you
- EGM Securities Limited
- Licence number
- 107
- Established
- 2019geo
- Min deposit, USD
- not stated
- Platforms
- MetaTrader 4 (MT4) desktop/web/mobile · FXPesa app
- Local funding
- M-Pesa (instant deposits/withdrawals), bank tran
- Max leverage
- 400geo
- EURUSD
- 1.4 pipsgroup
This broker against the Kenya middle (30 of 55)
| EGM Securities (FXPesa) | Kenya median | |
|---|---|---|
| Round turn, USD | 7.0 USD | 7.0 USD |
| Min deposit, USD | no data | 50.0 USD |
| Max leverage | 400geo | 500.0geo |
| Withdrawal, h | 3 hours hgeo | 24.0 h |
| EURUSD, standard | 1.4 pipsgroup | 1.05 pips |
| EURUSD, raw | 0.0 pipsgeo | 0.0 pips |
| Established | 2019geo | 2009.0 |
| Platforms | 2 | 3 |
Accepts residents of Kenya
Yes
Score (5/6 axes)
Shown, not ranked: no review-platform rating
Licence check
Who actually onboards you
EGM Securities Limited
Locally licensed entity
EGM Securities Limited, trading as FXPesa; member of the global Equiti Group
Account types and entry terms
Live Executive and Premiere accounts; plus Islamic (swap-free) and Demo accounts
How long a withdrawal takes
What one lot actually costs in Kenya (30 of 55)
raw+commission
The public rating
FX Pesa holds a Trustpilot rating of 3.5/5 based on 24 reviews
Platforms and markets (2)
MetaTrader 4 (MT4) desktop/web/mobile · FXPesa app
2,000+ instruments across ~5 asset classes: forex, stock CFDs, indices, ETFs, commodities/metals (CFDs)
How Kenya treats trading income
Forex/CFD profit treated as ordinary income for most retail traders (not capital gains), added to taxable income, taxed on graduated bands roughly 10% up to a top marginal rate of 35% (as of the review; verify with KRA). Trading via a company: corporate rate 30%. Tax residents file an annual return declaring worldwide income including foreign-sourced trading gains, between 1 January and 30 June; i
Where else a Kenya resident can go (6)
Where it does not serve
United States, US Virgin Islands, Canada, Israel, Iran, North Korea, Cuba, Syria, Sudan, Afghanistan, Myanmar, Burundi, Democratic Republic of Congo
Methodology
2 + 3 × weighted mean of six axes · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%
Verified · what changed · sources (4)
Checked: 2026-07-11
FAQ (5)
Does EGM Securities (FXPesa) accept residents of Kenya?
Yes.
Which entity onboards a Kenya client of EGM Securities (FXPesa)?
EGM Securities Limited
What licence does EGM Securities (FXPesa) hold for Kenya?
Licence 107.
What does one EURUSD lot cost at EGM Securities (FXPesa)?
7.0 USD per round turn against a Kenya median of 7.0 USD, measured on 30 of 55 brokers.
How long does a withdrawal from EGM Securities (FXPesa) take?
3 hours hours as published. For withdrawal with E-wallets and mobile payments including MPesa, the processing time is 3 hours.