Read our FXPesa Review, which covers features, pros, cons, and trading options to help you decide if this platform fits your trading needs.
What is FXPesa?
FXPesa is a popular online trading platform launched in 2019 by EGM Securities, a licensed financial services provider in Kenya. It provides forex, CFDs, indices, commodities, and crypto trading for both beginners and experienced traders.
What sets FXPesa apart is its local presence in Africa, especially in Kenya, and the ability to offer fast local deposit and withdrawal options, including M-Pesa. FXPesa is regulated by the Capital Markets Authority (CMA) of Kenya, making it a reliable choice for East African traders.
FXPesa Account Types
FXPesa offers two main account types:
1. Executive Account
- Minimum Deposit: $5
- Spreads: From 1.4 pips
- Commission: None
- Leverage: Up to 1:400
- Best for: Beginners and small traders
2. Premier Account
- Minimum Deposit: $100
- Spreads: From 0.0 pips
- Commission: $7 per round turn
- Leverage: Up to 1:400
- Best for: Advanced and professional traders
Both accounts come with access to MT4 and FXPesa’s proprietary platform. They support Islamic accounts upon request.
Trading Platforms Offered
FXPesa provides access to the following trading platforms:
✅ MetaTrader 4 (MT4)
- Available on desktop and mobile
- Advanced charting tools
- Custom indicators and EAs (Expert Advisors)
✅ FXPesa Mobile App
- Simple and user-friendly
- Suitable for beginner traders
- Allows deposits, withdrawals, and live chat
Both platforms offer real-time quotes, fast execution, and multiple order types, making trading smooth and efficient.
FXPesa Spreads & Fees
FXPesa is competitive when it comes to spreads and trading costs:
| Account Type | Spreads From | Commission |
| Executive | 1.4 pips | $0 |
| Premier | 0.0 pips | $7 |
- Swap fees apply for overnight positions unless you request a swap-free account.
- No deposit or withdrawal fees for M-Pesa and bank transfers.
Hidden Fees?
FXPesa is transparent. There are no hidden fees, but inactive accounts may be charged a small inactivity fee after long periods of dormancy.
Deposit & Withdrawal Methods
FXPesa supports a variety of payment methods suited to African traders:
✅ Local Options:
- M-Pesa (instant)
- Airtel Money
- Equity Bank
- KCB Bank
- Bank transfers
✅ International:
- Visa/MasterCard
- Skrill
- Neteller
Minimum deposit: $5
Processing Time: Instant for most methods
Withdrawal Time: Within 24 hours for M-Pesa
FXPesa is one of the few brokers offering local solutions, a huge plus for African clients.
FXPesa Regulation & Safety
FXPesa is licensed and regulated by:
- Capital Markets Authority (CMA) of Kenya – License No. 107
This means FXPesa must adhere to strict financial laws, client fund segregation, and regular audits.
Is FXPesa Safe?
Yes. FXPesa uses:
- SSL encryption for secure transactions
- Segregated bank accounts for client funds
- 2-factor authentication (2FA) for account safety
Trading Instruments
With FXPesa, you can trade over 200+ instruments, including:
| Asset Type | Examples |
| Forex | EUR/USD, USD/JPY, GBP/KES |
| Commodities | Gold, Silver, Oil |
| Indices | NASDAQ, S&P 500, UK100 |
| Shares | Apple, Tesla, Facebook |
| Cryptos | Bitcoin, Ethereum, Litecoin |
FXPesa ensures low latency and tight spreads for most major instruments.
Customer Support
FXPesa provides multilingual customer service available Monday to Friday, 24 hours a day.
Support Channels:
- Live Chat (fastest)
- Email: support@fxpesa.com
- Phone: +254 709 170 000
- Social Media: Facebook, Twitter, WhatsApp
You can also get help via physical offices in Nairobi, which makes them more trustworthy than offshore brokers.
Pros and Cons of FXPesa
Here’s a detailed table perfect for WordPress formatting:
| Pros ✅ | Cons ❌ |
| Regulated by CMA Kenya | Limited number of crypto assets |
| Supports M-Pesa and local banks | No MT5 support |
| Beginner-friendly interface | Premier account has commission |
| Low minimum deposit ($5) | No weekend customer support |
| Fast deposits and withdrawals | Only two account types |
| Local customer support | Education materials are basic |
| Transparent fees and spreads | No copy trading (yet) |
Who Should Use FXPesa?
FXPesa is ideal for:
- Beginner traders looking for a low-cost and easy-to-use platform
- Kenyan traders who prefer M-Pesa and local banking
- Intermediate and pro traders who want tight spreads and ECN accounts
- Mobile traders who prefer trading on the go
Final Verdict
FXPesa is one of the best online brokers in Kenya and East Africa. With local deposit methods, CMA regulation, and user-friendly platforms, FXPesa provides a strong trading experience for both new and advanced users.
While it lacks advanced features like MT5 and copy trading, its simplicity, security, and affordability make it a top choice in the region.
FAQs About FXPesa
1. Is FXPesa regulated?
Yes. FXPesa is regulated by the Capital Markets Authority (CMA) of Kenya.
2. Does FXPesa support M-Pesa?
Absolutely. You can deposit and withdraw using M-Pesa instantly.
3. What is the minimum deposit on FXPesa?
Only $5 for Executive Accounts.
4. Can I open a demo account?
Yes. FXPesa provides a free demo account with virtual funds.
5. Is FXPesa good for beginners?
Yes. With low fees, a simple app, and local support, FXPesa is ideal for new traders.
✅ Ready to Start Trading?
Start trading with FXPesa today and enjoy local support, low spreads, and instant M-Pesa deposits!
👉 Open FXPesa Account Now
👉 Try the FXPesa Demo Account
