FXPesa provides FX, index, commodity, stock and related CFD markets through Kenya’s EGM Securities Limited. Its Standard and Premier accounts differ by spreads and a clear per-side commission; money movement requires separating M-Pesa, card, local and international payment charges.[1]
Accounts and opening requirements
Sections ↑Kenyan Standard vs Premier
| Feature | Standard | Premier |
|---|---|---|
| Advertised spread reference | Average around 1.4 pips | From 0.0 pipsSource 1Source 2 |
| FX dealing commission | USD 0 separately | USD 3.50 per standard lot per sideSource 1Source 2 |
| Opening deposit | No fixed minimum on selected account page | USD 100 minimumSource 1Source 2 |
| Maximum displayed leverage | Up to 1:400 for relevant offer | Subject to applicable margin/product scheduleSource 1Source 2 |
| Base currency | USD and KES subject to eligible account | USD / supported account optionsSource 1Source 2 |
| Platforms | MT4 / MT5 and applicable group tools | MT4 / MT5 and applicable group toolsSource 1Source 2 |
| Number of trade accounts | Portal limit noted as three trading accounts | Same account-profile limitSource 1Source 2 |
Account limits and demo lifecycle
Markets and contract scope
Sections ↑Instrument coverage and control
| Class | Operational distinction |
|---|---|
| Foreign exchange | Major and other pairs, lot/point values and margin per symbolSource 4Source 5Source 6Source 2 |
| Major stock indices | Leveraged equity-benchmark CFDs, not physical sharesSource 4Source 5Source 6Source 2 |
| Precious metals | Gold and silver-linked trading and distinct overnight chargesSource 4Source 5Source 6Source 2 |
| Energy | Oil/energy pricing and roll/session conventionSource 4Source 5Source 6Source 2 |
| Shares | Issuer-referenced single-company derivativesSource 4Source 5Source 6Source 2 |
| Futures-themed CFDs | Cash/expiry-linked instruments require contract-spec checkSource 4Source 5Source 6Source 2 |
| Platforms | MT4, MT5 and Equiti Trader availability per routeSource 4Source 5Source 6Source 2 |
| Copy trading | Separate service and eligibility rulesSource 4Source 5Source 6Source 2 |
Trading costs and account charges
Sections ↑Trade and cash charge components
| Cost | Exact reported basis |
|---|---|
| Standard advertised spread | Account-page average 1.4 pips; a matched instrument/sample period is not statedSource 1Source 3Source 2 |
| Standard dealing commission | None separately on account scheduleSource 1Source 3Source 2 |
| Premier advertised spread | Advertised from 0.0 pips; live market value may be higherSource 1Source 3Source 2 |
| Premier per-side fee | USD 3.50 / standard lot / sideSource 1Source 3Source 2 |
| One-lot Premier round-trip fee | USD 7 commission, before spread, finance and FX conversionSource 1Source 3Source 2 |
| Skrill/Neteller withdrawal | 1%, capped at USD 30 in payment scheduleSource 1Source 3Source 2 |
| International bank withdrawal | USD 15 published feeSource 1Source 3Source 2 |
| Domestic bank withdrawal | No FXPesa fee on specified local route; bank charges may differSource 1Source 3Source 2 |
Financing clock and weekend roll
| Exposure | Published rule |
|---|---|
| Daily cutoff | Open positions at 23:59 server time roll to a new value date.Source 8 |
| T+2 FX pairs | Triple adjustment on Wednesday evening.Source 8 |
| T+1 pairs, including USD/CAD | Triple adjustment on Thursday evening.Source 8 |
| Holidays | Can lengthen the charged settlement period.Source 8 |
Published swap snapshot: 22 October 2026
These are the source’s swap inputs, not dollar costs. For FX and oil the page uses lots × contract size × long/short swap × point size. Share/index financing instead uses swap rate ÷ 360 ÷ 100 × closing price × lots. Contract size and point size must match the live symbol.[8]
Platforms, orders and margin controls
Sections ↑Ordinary FX size and liquidation
Live positions and terminal services
Deposits, withdrawals and settlement
Sections ↑Mobile money by currency
Wallet and card processing
Bank transfers
Requests before 14:00 EAT on a working day may be processed that day. First withdrawals can take longer; mobile providers can require up to three hours. Return-to-source applies, with cards prioritised when both cards and bank transfers funded the account.[3]
Free margin versus full balance
| Request | Payment-terms consequence |
|---|---|
| Partial withdrawal | Limited to free margin.Source 9 |
| Market moves during processing | Request can be rejected if available free margin falls.Source 9 |
| Withdraw total equity | All open positions must be closed.Source 9 |
| Out-of-range amount | Requests outside portal minimum/maximum are not processed.Source 9 |
Payment deductions beyond the advertised broker fee
| Trigger | Contract treatment |
|---|---|
| Non-KES/USD payment | Conversion fee can apply to the quoted exchange rate.Source 9 |
| Third-party providers | Bank, card or payment-provider charges can be deducted.Source 9 |
| Card chargeback/cancellation | Client can bear provider charge.Source 9 |
The payment page and signed payment terms use a 14:00 EAT cutoff; the FAQ says 15:00. This profile uses the earlier documented window. The FAQ also routes withdrawals through the wallet after an internal transfer from the trading account.[3][9][10]
Entities, permissions and safeguards
Sections ↑Licence and customer-rights scope
| Subject | Finding |
|---|---|
| Contracting firm | EGM Securities LimitedSource 2Source 7 |
| Regulator | Capital Markets Authority, KenyaSource 2Source 7 |
| Register evidence | Company appears on CMA online-FX licensee directorySource 2Source 7 |
| Published licence number | 107Source 2Source 7 |
| Group affiliation | Equiti-related technology/services not a transfer of licenceSource 2Source 7 |
| UK/EU compensation | Not inferred for EGM-issued Kenyan accountSource 2Source 7 |
| Client-money handling | Operative EGM contractual safeguarding and segregation wording controlsSource 2Source 7 |
| Country scope | Primarily Kenyan onboarding; other countries require eligibility confirmationSource 2Source 7 |
Support, complaints and account access
Sections ↑Kenyan support routes
| Channel | Published contact |
|---|---|
| Toll-free Kenya | 0800-211-185Source 3 |
| International | +254-730-676-002Source 3 |
| +254-719-856-258Source 3 | |
| [email protected]Source 3 |
Copy trading, incentives and trading tools
Sections ↑Copy trading is a separate interface
| Requirement | Published distinction |
|---|---|
| Eligible account | Swap-enabled Standard and the page’s “Premium” label; ordinary account menu calls its commission tier Premier.Source 6 |
| Access | Separate copy platform, not direct MT4/MT5/Equiti Trader app operation.Source 6 |
| Strategy cost | Provider subscription fees may apply.Source 6 |
The Premium/Premier naming inconsistency should be resolved during account selection. A copy subscription does not establish how existing positions behave after disconnection.[6]
Copy fees and exit mechanics
Welcome bonus: published September 2025 programme
Bonus credit is not loss-absorbing cash
Bonus stop-out and credit removal
| Event | Published trigger |
|---|---|
| Automatic stop-out: programme clause 4.3 | Own funds, excluding bonus credit, equal 5% of margin.Source 11Source 10 |
| Credit removal: FAQ | Own funds fall to 5% or less of total equity.Source 11Source 10 |
| Interaction | These describe different events with different measures. The documents do not explain how credit removal and the programme stop-out operate together.Source 11Source 10 |
Company structure and regional scope
Sections ↑FXPesa is the registered trademark of EGM Securities Limited, Kenya company PVT-AAAAFF7. The website states CMA licence 107 and an execution-only service. The register URL was intermittent during this check; it is not used to imply a broader licence than the actual Kenyan contract.[2]
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
EGM Securities Limited
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Capital Markets Authority, Kenya107 | Not verified | Checked 22 Oct 2026Company-published number; primary regulator entity directory checked where identified, but an independent number-by-number licence match was not confirmed.Source 7Source 2 |
Sources & further reading
- FXPesa account comparison FXPesa · Accessed 22 Oct 2026
- FXPesa company and legal disclosure FXPesa · Accessed 22 Oct 2026
- Published payment and withdrawal fees FXPesa · Accessed 22 Oct 2026
- FXPesa CFD markets FXPesa · Accessed 22 Oct 2026
- Published dealing platforms FXPesa · Accessed 22 Oct 2026
- Copy-trading participation and position handling FXPesa · Accessed 22 Oct 2026
- Kenya CMA register, EGM Securities Limited Capital Markets Authority, Kenya · Accessed 22 Oct 2026
- Financing formulas, rollover clock and swap snapshot FXPesa · Accessed 26 Oct 2026
- Payment Terms and Conditions, linked from funding page FXPesa · Accessed 26 Oct 2026
- Trading, account lifecycle and copy-service FAQ FXPesa · Accessed 26 Oct 2026
- Kenyan welcome-bonus terms effective 3 September 2025 FXPesa · Accessed 26 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.