EGM securities Review: Is this the Best Kenyan Forex Broker?

If you are reading this blog, you have probably heard about EGM securities or the FX pesa trading platform, and you want to find out more. Whether you are a beginner or an expert in trading, this review will help you understand more about EGM securities, and it will answer some of the questions you are asking. With the trading platform’s popularity, it is crucial to understand its transparency and validity. Trading requires investing a good amount of money, making it vital to know where you are investing your coins. Is FX pesa the best Kenyan Forex Broker? Is EGM securities legitimate? Let’s find out. Aside from answering such questions, we’ll analyze egm securities kenya reviews to find out what their customers have to say.

What is EGM Security?

EGM securities is the first Non-Dealing Desk forex broker in Kenya to be regulated and licensed by the Capital Market Authority (CMA) in Kenya. It has simplified trading through a user-friendly trading platform known as FX pesa. FX pesa is the first trading platform in Kenya that allows fast and flexible payment methods such as M-Pesa, Skrill, and Mastercard. Since EGM is a Non-Dealing Desk broker, it allows its clients to access interbank market exchange rates directly. It executes trades using the Electronic Communications Network (ECN), connecting its clients to the market via interbank trading prices with no intermediaries to facilitate trades. This makes trading cheaper by reducing transaction costs and brokerage fees incurred when using market marker brokers.

Through this EGM securities review, we see that EGM security is part of an Equity Group, which is a part of an entity of  FX and CFD companies with over 300 global experts. EGM securities’ parent company has physical offices in Asia, Europe, The Middle East, and North America.  In Kenya, its physical offices can be found on the 12th Floor of Tower 2, Delta Corner Towers in Waiyaki Way, Nairobi.

Is EGM securities an ECN broker?

Yes, EGM securities is an ECN or a Non-Dealing Desk broker. This trading platform is connected to a chain of liquidity providers and international banks globally. Once a customer trades forex with them, they will directly communicate and trade with the actual international forex market. This is a real advantage to a client since they will not incur brokerage fees, and they will experience no conflicts of interest with NDD brokers. Being an ECN broker, the transaction costs of depositing and withdrawing money are also reduced.

Is EGM Securities Regulated?

EGM securities is regulated by the Capital Markets Authority in Kenya. The Capital Market Authority (CMA) is an independent and public financial regulatory body. It was formed by the act of parliament, the Capital Markets Act (Cap 485A), which is found under the National Treasury. The Capital Market Authority is responsible for monitoring, evaluating, licensing, and supervising the activities of the financial market intermediaries like the stock exchange, forex brokers, money managers, and fund managers. Being regulated by the CMA means that EGM securities is a genuine forex trading platform, and its services are as transparent as seen on their website. Moreover, there is no fear of losing money through fraudulent acts because the law protects the client from such losses.

FxPesa Review: Account Types, Spreads & EGM Securities Minimum Deposit

Looking at EGM securities reviews from their official website and external sources, it is evident that EGM securities allow its traders to participate in a wide array of financial markets. Users have options ranging from the money market (with over 60 currency pairs) to precious metals, indices, and more. EGM securities allows its users to access MetaTrader 4 through two live accounts; the executive and premiere account. EGM securities minimum deposit for the executive account is $15, and typical FX spreads ranging from 1.6 pips. EGM securities minimum deposit for the premiere account is $100, and its typical FX spread range is 0.2 pips. Both accounts have a minimum and maximum trade size of 0.01 lots, and their leverage is fixed on forex, equities, special metals, and CFDs.

FxPesa Review: Instruments and Currencies Offered  

Trading instruments are the various assets that can be traded, and EGM securities offers the following;

-CFDs on shares in global companies

-indices

-commodities

-currencies

-futures

-precious metals

EGM securities supports the U.S dollar, Kenya shillings, Tanzania shilling, and the Ugandan shilling.

How do you Deposit Money into EGM Securities?

Depositing money into EGM securities is easy and fast. With the simplicity of the platform, one can easily navigate and deposit money. The platform also allows flexible payment options, including instant mobile money transfer options like M-Pesa, Airtel Money, Skrill, and Netteller. In addition, it allows bank transfers as long as one has a MasterCard. Please note that EGM securities does not accept third-party payments. For a payment to be validated, the mobile number authorizing the payment and the EGM account holder must be similar. Failure may lead to delays or reversal of the funds. Cash deposits are also not accepted; one can only deposit money through mobile money options, bank transfers, EFT’s, and RTGS. The following steps will guide you on how to deposit money.

1. i) Log into your client portal
2. ii) Select the “Deposits” option

iii) Select the option you would like to use (Bank Transfer, Credit or Debit card, Neteller, Skrill, Mobile Payment Solution, or Virtual CCY)

1. iv) Depending on the payment option you have selected, fill in your details, and it will guide you on how to complete the payment.
2. v) Once your deposit is complete, it will instantly reflect on your EGM securities account.

How do you withdraw from EGM security?

Withdrawing money from EGM securities is as simple as depositing it. All you need to do is log into your EGM client portal and select the “withdrawals” option. Afterward, click on the “card/mobile payment” option. Finally, fill out the required information, and click submit. The payment is deposited instantly, but first-time withdrawals are processed within 24 hours.

How do I Trade with FX Pesa?  

Trading with what many consider the best broker in Kenya is relatively easy. From EGM securities reviews, we learn that FX pesa is the Kenyan brand for EGM. Trading with FX pesa is relatively easy, and in this FX pesa review, let us show you how to easily trade using FX pesa in the following easy steps.

i) First, you need to register and open an EGM Kenya account through their website. After registration is complete, you can click on the ‘trade live’ button and fill in the account form with your details.

ii) Once you are registered, verification of your account details takes place during the onboarding process.

iii) Once registration is complete, add money to your account using your preferred payment method. Ensure there are funds in your account before beginning a transfer.

iv) Finally, you can begin trading your favorite products once all the above steps have been completed.

What People Say about EGM (EGM Securities Kenya Reviews on Facebook and Google)

EGM securities and FXpesa reviews on Google and Facebook have nothing but positive comments about the trading platform. Most EGM securities reviews agree that EGM securities have some of the friendliest staff who are patient enough with their clients. The staff do not mind explaining how their services work, and they guide people on how to transact and trade using the platform. EGM securities is also commended for its free training sessions. The free FX pesa webinars have benefited most traders by giving them insightful information that helps them complete more successful trades. Above all, the EGM Kenya trading platform is applauded for its reduced transaction costs, saving traders more coins. In addition, most FX pesa reviews compliment the platform for enabling clients to use instant mobile money transfer methods like Mpesa and airtel money. Some Facebook clients also agree that expert traders from EGM securities have been able to help them multiply their investments by up to 10X. With an investment of $600, one client withdrew $7,000. Thus, a large number of people have positively benefited through the FX pesa trading platform. From the customers’ praises, Fx Pesa is the best Kenyan broker.

Customer Support and Client Related Feedback

EGM securities’ customer support system is tailored to offer fast and reliable service to their clients. They are available around the clock, every day of the week, to answer questions and help clients solve technical problems they may encounter during the trade.

From the EGM securities Kenya reviews shared by consumers on Facebook and Google, clients are satisfied with EGM’s customer service system. Most of them agree that the customer service representatives in the company are prompt when it comes to responding, and they ensure the client gets all the assistance they need. In addition, consumers agree that the patience levels of the EGM security customer service system is outstanding. There seems to be a consensus that FX Pesa is the best broker in Kenya.

Final Verdict on EGM Securities   

The final verdict of EGM securities on this Fx Pesa review is that it is a legitimate Kenyan forex broker. EGM securities is the best broker Kenya has, mainly because it is the first Non-Dealing Desk broker in Kenya. Its regulation by the Capital Markets Authority makes it a trustworthy trading platform because the client’s money is secured. Most of the fx pesa reviews you will find online are positive.

Through FX pesa, EGM securities has powered one of Kenya’s forex market’s most innovative and consumer-friendly technologies. EGM Kenya is the first Kenyan trading platform that allows clients to access the international market directly. With EGM securities and FX pesa, one does not incur hefty withdrawal and deposit costs. In addition, one does not deal with any broker whatsoever whenever they transact and trade. The FX pesa trading platform has two account types; the executive and the executive and premier account, which caters to beginner and expert forex trades. If you would like to start or continue trading money, FX pesa is the best broker in Kenya.