EGM Securities Review 2026 – Is It Kenya’s Best Broker?
Kenya's premier CMA-regulated multi-asset broker · Est. 2018 · Kenya
Capital at risk. CFD trading involves significant risk. This may be an affiliate link.
The ultimate choice for East African traders
EGM Securities perfectly suits East African traders who want a highly secure, locally regulated broker with seamless mobile money integration. Its strongest point is the instant M-Pesa funding combined with local customer support and physical offices in Nairobi. The main limitation is the wider spread on the commission-free Standard account, which can eat into short-term trading profits. We highly recommend opening a Premier account to enjoy raw spreads from 0.0 pips and institutional-grade execution.
- ✓ Regulated by Capital Markets Authority of Kenya
- ✓ Instant deposits and withdrawals via M-Pesa mobile money
- ✓ Offers both MetaTrader 4 and MetaTrader 5 platforms
- ✓ First broker to offer NSE derivatives trading
- ✕ Standard account spreads start from a wide 1.4 pips
- ✕ Premier account requires a minimum deposit of $100
| Regulation | CMA (Kenya) |
| Founded | 2018 |
| Headquarters | Nairobi, Kenya |
| Minimum Deposit | $0 (Standard) / $100 (Premier) |
| Maximum Leverage | 1:400 |
| EUR/USD Spread | From 0.0 pips (Premier) |
| Trading Platforms | MT4, MT5, Equiti Trader |
| Instruments | Forex, Indices, Commodities, Shares, ETFs, NSE Derivatives |
| Deposit Methods | M-Pesa, Bank Transfer, Cards, Neteller, Skrill |
| Withdrawal Time | Same-day processing |
| Customer Support | 24/6 local support |
| Website | Visit Site ↗ |
Capital at risk. CFD trading involves significant risk. This may be an affiliate link.
Our Full Rating Breakdown
We evaluate brokers using a rigorous testing methodology that scores key operational aspects. Our team analyzes regulatory safety, trading costs, platform usability, and funding convenience to produce an unbiased score. This ensures you get an honest assessment of how EGM Securities performs in the real market.
Is EGM Securities Regulated & Safe?
EGM Securities enjoys a stellar reputation as the first online non-dealing forex broker licensed by the Capital Markets Authority of Kenya. This local oversight ensures strict compliance with regional financial laws and provides a secure trading environment for East African clients. Being part of the global Equiti Group adds an extra layer of corporate credibility and financial backing. You can trade with confidence knowing your funds are held securely in segregated accounts.
| Regulator | Capital Markets Authority (CMA) ✓ |
| License Number | 107 ✓ |
| Tier | Tier 2 ✓ |
| Client Fund Segregation | Yes, held in tier-one banks ✓ |
| Compensation Scheme | No local investor scheme ~ |
| Negative Balance Protection | Yes, reset to zero ✓ |
| Founded | 2018 ✓ |
| Headquarters | Nairobi, Kenya ✓ |
Always ensure you register with the CMA-licensed entity of EGM Securities to benefit from local regulatory protections and dispute resolution channels.
Fees, Spreads & Commissions
EGM Securities offers two distinct pricing models designed to suit different trading styles. The Standard account features commission-free trading with wider spreads, while the Premier account targets active traders with raw spreads and a flat commission. Overnight swap fees apply to positions held past market close, though swap-free accounts are available. Overall, the pricing remains highly competitive within the African brokerage landscape.
| Instrument | EGM Premier ℹ | EGM Standard ℹ | Pepperstone Razor ℹ |
|---|---|---|---|
| EUR/USD | 0.0 | 1.4 | 0.1 |
| GBP/USD | 0.2 | 1.6 | 0.3 |
| USD/JPY | 0.3 | 1.5 | 0.2 |
| Gold XAUUSD | 0.15 | 0.30 | 0.12 |
| Oil USOIL | 0.03 | 0.05 | 0.03 |
EGM Securities maintains absolute transparency with zero hidden platform fees or account maintenance charges.
Overnight swap fees are calculated daily based on interest rate differentials and are clearly displayed in your platform terminal.
Account Types Explained
Traders can choose between two main live accounts depending on their capital and trading frequency. The Standard account requires no minimum deposit, making it perfect for beginners testing the waters. The Premier account requires a modest deposit and offers raw spreads that appeal to scalpers and algorithmic traders. Both accounts provide access to the same extensive range of global markets and local support.
- Zero commission
- No minimum deposit requirement
- Ideal for retail beginners
- Raw spreads from 0.0 pips
- Low commission structure
- Perfect for scalping and EAs
Account Comparison
| Feature | Standard Account | Premier Account |
|---|---|---|
| Min Deposit | $0 | $100 |
| Spread From | 1.4 pips | 0.0 pips |
| Commission | $0 | $7.00 per round-turn lot |
| Leverage | 1:400 | 1:400 |
| Instruments | 2000+ | 2000+ |
| Best For | Beginners | Active Traders |
You can open a free demo account to practice your trading strategies risk-free before committing real capital.
Trading Platforms & Tools
EGM Securities provides a robust suite of trading platforms to ensure seamless market access. You can trade using the industry-standard MetaTrader 4 and MetaTrader 5 platforms, which support advanced charting and automated trading. For mobile-first traders, the proprietary Equiti Trader app offers an intuitive interface and quick execution on the go. These platforms cater to both novice retail traders and experienced market professionals.
Platform Feature Comparison
| Feature | MetaTrader 5 |
|---|---|
| Web-based | Yes |
| Mobile App | Yes |
| Expert Advisors | Yes |
| Copy Trading | Yes |
| Chart Types | 21 |
Deposits & Withdrawals
Funding your account is incredibly straightforward and tailored specifically for the local Kenyan market. The standout feature is the integration of M-Pesa, allowing instant mobile money deposits and rapid withdrawals. Traditional methods like credit cards, bank transfers, and major e-wallets are also fully supported. EGM Securities does not charge any internal deposit fees, ensuring more of your money goes directly into trading.
| Payment Method | Method | Deposit Speed | Withdrawal Speed | Broker Fee |
|---|---|---|---|---|
| M-Pesa Mobile Money | Instant | Within 2 hours | None | |
| Credit / Debit Card | Instant | Same-day | None | |
| Bank Wire Transfer | 1-3 days | 1-3 days | None | |
| E-wallets (Skrill/Neteller) | Instant | <24 hrs | None |
Use M-Pesa for the fastest deposit and withdrawal speeds, as transactions are processed almost instantly during local business hours.
Education, Research & Analysis
EGM Securities places a strong emphasis on trader education through its dedicated local initiatives. The broker runs the FXPesa Academy, which provides free financial literacy training and workshops across Kenya. You’ll find a solid selection of educational articles, webinars, and daily market analysis reports. These resources are highly beneficial for both beginners and intermediate traders looking to sharpen their skills.
📖 Education
🛠️ Tools
🔬 Research
The FXPesa Academy is an outstanding educational initiative that provides valuable in-person and online training for East African traders.
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