Complete review of Kenya's leading homegrown forex broker. Discover why FXPesa is the best choice for Kenyan traders who prefer local support and M-Pesa integration.
FXPesa, operated by EGM Securities Limited, is Kenya's first fully local forex broker to receive CMA licensing. Founded by Kenyan entrepreneurs with deep understanding of the local market, FXPesa was specifically designed to serve Kenyan traders with features and services tailored to local needs.
The company obtained its CMA license in 2019 and has since grown to become one of Kenya's most popular retail forex brokers. FXPesa's focus on accessibility, local payment methods, and customer education has made forex trading more approachable for everyday Kenyans.
What sets FXPesa apart is their commitment to financial inclusion - offering very low minimum deposits, M-Pesa integration, and comprehensive educational resources in both English and Swahili.
License Number: 107
EGM Securities Limited (trading as FXPesa) is fully licensed and regulated by the Capital Markets Authority of Kenya, ensuring compliance with all local regulations and investor protection standards.
Client funds segregated in top-tier Kenyan banks
SSL encryption and secure data handling
Secure trading platform with two-factor authentication
Physical office in Nairobi for customer support
Variable spreads from 1.5 pips
No commission
KES 10,000 minimum
Tighter spreads
Dedicated account manager
KES 500,000 minimum
Free practice account
Virtual KES 100,000
FXPesa is one of the very few forex brokers in Kenya offering direct M-Pesa integration. This revolutionary feature allows Kenyan traders to deposit and withdraw funds using their mobile phones, making forex trading accessible to millions of Kenyans who use M-Pesa daily.
Deposit funds in seconds via M-Pesa
Withdraw profits directly to M-Pesa wallet
No need for bank accounts or cards
Send money to FXPesa's M-Pesa till number from your phone
Funds appear in your trading account within minutes
Request withdrawal and receive money in your M-Pesa wallet
Limits: M-Pesa deposits: KES 1,000 - 150,000 per transaction
| Currency Pair | Typical Spread | Commission | Total Cost (per lot) |
|---|---|---|---|
| EUR/USD | 1.5 pips | None | $15 |
| GBP/USD | 2.0 pips | None | $20 |
| USD/JPY | 1.8 pips | None | $18 |
| USD/KES | 80 pips | None | KES 800 |
| Gold (XAU/USD) | 0.45 pips | None | $4.50 |
FXPesa uses a simple spread-only model with no commissions, making it easy for beginners to understand their trading costs upfront.
No deposit fees, no withdrawal fees via M-Pesa, and no account maintenance charges for standard accounts.
FXPesa has developed their own web-based trading platform specifically designed for Kenyan traders, focusing on simplicity and ease of use.
Track important economic events
Daily market insights and updates
Calculate position sizes and risks
Comprehensive trading education
Trade on the go with mobile app
One of FXPesa's biggest advantages is their local customer support team based in Nairobi. All support staff are Kenyan, understand local trading challenges, and can communicate in both English and Swahili.
Kenyan phone numbers for local calls
Quick responses via WhatsApp
Physical office in Nairobi for face-to-face support
Local ownership means better understanding of Kenyan market needs
Unique M-Pesa deposits/withdrawals make trading accessible to everyone
KES 10,000 minimum makes forex accessible to small investors
Kenyan support team that understands local needs and speaks Swahili
No currency conversion fees for Kenyan traders
User-friendly platform perfect for beginners
Spreads are wider than top-tier international brokers
Fewer trading instruments compared to international brokers
No MetaTrader - limited to their own platform
Maximum 1:200 leverage vs 1:400+ from competitors
Fewer advanced trading tools for professional traders
FXPesa is the perfect choice for Kenyan traders who prioritize local support, M-Pesa convenience, and accessibility. While they may not offer the tightest spreads or most advanced tools, their focus on the Kenyan market makes them an excellent choice for many local traders.
The M-Pesa integration alone makes FXPesa revolutionary in the Kenyan forex space. Combined with their very low minimum deposit and local customer support, they've made forex trading accessible to a much broader Kenyan audience.
New traders, M-Pesa users, local support seekers
Small account traders, casual investors
Professional traders, scalpers, high-volume traders
Forex trading involves significant risk of loss and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.