When it comes to trading forex in Kenya, choosing a regulated and reliable broker is crucial. In 2025, two names frequently stand out—EGM Securities (trading as FXPesa) and Scope Markets. Both brokers are licensed by Kenya’s Capital Markets Authority (CMA) and offer robust platforms, competitive fees, and strong local support. Let’s dive into EGM Securities vs Scope Markets to identify their key features and differences.
What Is EGM Securities?
EGM Securities is a leading forex broker in Kenya renowned for its non-dealing desk model that provides direct access to interbank exchange rates. Key highlights include:
- Diverse Trading Instruments: Trade over 60 currency pairs, CFDs on 37 indices, precious metals, and commodities.
- Flexible Account Options: Choose from Executive, Premiere, or Islamic accounts to suit your trading style.
- Advanced Trading Platforms: Enjoy trading on MetaTrader 4 (MT4) and MetaTrader 5 (MT5) with tight spreads starting from 0 pips (plus commission on the Premiere account).
- Demo Account & Educational Resources: Practice risk-free with a demo account and benefit from comprehensive training tools and webinars.
- Local Support: With dedicated local customer service and multiple deposit/withdrawal methods—including MPesa—EGM Securities is tailored for the Kenyan market.
What Is Scope Markets?
Scope Markets is another CMA-regulated broker that has rapidly gained recognition among Kenyan traders. Its strengths include:
- User-centric trading environment: known for its secure, transparent, and customer-focused approach.
- Market Access: offers CFDs on 14 indices, forex, shares, commodities, and more—all through an intuitive MT5 platform.
- Competitive Trading Conditions: Enjoy low commission structures on its premium accounts and free deposit and withdrawal services.
- Robust Regulation & Local Presence: As a locally registered entity, Scope Markets ensures stringent compliance and investor protection.
- Seamless Account Opening: Multiple payment options—including MPesa—ensure easy funding and withdrawals.
EGM Securities Vs Scope Markets Comparison Points
1. Trading Fees & Commissions
- EGM Securities:
- No deposit/withdrawal fees.
- Commission charged on the Premiere account, with tight spreads starting from 0 pips on the Executive account.
- Scope Markets:
- Free deposit/withdrawal options with competitive spreads on its premium accounts (e.g., spreads from 0.2 pips on the Gold account).
- Commission fees apply on certain CFD products.
2. Market Access & Instruments
- EGM Securities:
- Offers a broader range with over 60 currency pairs and 37 CFD indices.
- Scope Markets:
- Provides access to multiple asset classes, including forex, shares, and commodities, with a focus on a streamlined, user-friendly interface.
3. Customer Service & Educational Support
- Both brokers provide excellent customer support via phone, email, and live chat.
- EGM Securities has a strong educational platform (FXPesa Academy) with webinars and training sessions that have helped many beginners.
- Scope Markets also supports new traders with a demo account and responsive local service.
4. Regulation & Security
- Both brokers are fully regulated by the CMA, ensuring that client funds are protected through segregated accounts and robust risk management protocols.
- Trading with either broker means you’re operating within a framework designed to safeguard investor interests in Kenya.
Which Broker Is Right for You?
Choosing between EGM Securities and Scope Markets depends on your individual trading needs.
- Opt for EGM Securities (FXPesa) if you value:
- A wider range of trading instruments.
- Strong local support and educational resources.
- Flexible account types that cater to both beginners and advanced traders.
- Consider Scope markets if you prefer:
- A streamlined MT5 trading experience.
- Competitive CFD spreads and a focus on transparency.
- A broker with a solid local presence and multiple payment options.
Final Thoughts
EGM Securities vs Scope Markets is quite a tight battle since both brokers are reputable, CMA-regulated, and offer excellent trading conditions for Kenyan forex traders in 2025. Whether you’re a beginner looking for robust education and easy account opening with FXPesa or an experienced trader seeking competitive spreads and a user-friendly platform with Scope Markets, thorough research and personal testing (via demo accounts) will help you make the best choice.
Forex trading training is also recommended to be able to make informed decisions. At Brains With Concepts, we pride ourselves on being the top forex trading academy in Kenya. Check out our forex trading training services and get started.
Remember, trading forex involves risk. Always use proper risk management and only trade with funds you can afford to lose.
