CMA — United Arab Emirates
EGM Securities Limited
Regulated · No. 107
FXPesa Review — Overview
Regulation
Tier-2 regulated
Licence
CMA · No. 107
Licence status
Regulated
Platforms
MT4, MT5, Equiti Trader
Max. leverage
1:400
Instruments
Forex pairs, shares, indices, commodities
Typical spread
Average 1.4 pips (Standard account)
Operating
Est. 2016
Main market
KE
Entity
EGM Securities Limited
Website
Unknown
FXPesa is a forex & CFD broker based in Kenya, established in 2016. On Trust Broker Hub it holds a Trust Score of 7.1 out of 10, which we rate as Good — above the 5.3/10 average for brokers that hold a verified licence. Solid, well-regulated profile suitable for most traders.
FXPesa's licence comes from an offshore jurisdiction (CMA). Offshore regulation is far lighter than tier-1 oversight from bodies like the FCA (UK) or ASIC (Australia): there is usually no compensation scheme, and recovering funds can be difficult if the broker runs into trouble. Treat it with extra caution and verify the licence on the regulator's own register.
FXPesa provides access to Forex pairs, shares, indices, commodities. Published conditions include leverage up to 1:400. No complaints are currently on record. Overall, FXPesa looks like a credible option — but always verify the licence yourself and start with a small amount.
Trust score breakdown
How is this calculated?
Weighted total
7.90
Data completeness
8 of 10 facts verified
80% ×0.90
Trust Score
7.1 / 10
Trust Score history
FXPesa currently scores 7.1/10. The trend line will build here as the Trust Score is re-evaluated over time.
Pros
- Holds a CMA licence
- No unresolved complaints on record
- Listed in our verified broker directory
Cons
- Offshore-only regulation with weaker investor protection
- Always verify the licence directly before depositing
Regulation
Tier 2 · Mid
Verified
Offshore (tier-3) regulators typically have lower capital requirements and no compensation scheme. Funds may not be protected if the broker fails.
Trading conditions
| Instruments | Forex pairs, shares, indices, commodities, ETFs |
| Minimum deposit | Not disclosed |
| Maximum leverage | 1:400 |
| Typical spread | Average 1.4 pips (Standard account) |
| Platforms | MT4, MT5, Equiti Trader |
| Demo account | ✅ |
We mark unverified fields as “Not disclosed” rather than estimate them.
Our verdict on FXPesa
Our analysis · editorial
7.1/10
Solid profile, with some caveats
FXPesa is regulated under a mid-tier authority (CMA). Based in Kenya, it has been operating for about 10 years. We have no complaints on record against it. Weighing regulation, track record and complaint history, our Trust Score is 7.1/10 — a reasonable profile.
Strengths
- Holds a recognised mid-tier licence (CMA)
- Long 10-year operating track record
- No complaints on record with us
- Supports MT4 & MT5 trading
Watch-outs
- Always confirm the licensed entity covers traders in your country
Bottom line: A reasonable option, but confirm the entity you open an account with is the regulated one.
This is Trust Broker Hub's data-driven editorial assessment — not a user review. It is generated automatically from regulation, licensing, company age and complaint records, and updates as those change.
User reviews
5 0
4 0
3 0
2 0
1 0
FXPesa — Questions & Answers
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Complaints & alerts
No complaints or regulator warnings on record
We monitor regulator alert lists and user reports. We'll flag FXPesa here if that changes.
Full specifications
Regulated region
Kenya
Operating period
5-10 years
Main market
KE
Licensed entity
EGM Securities Limited
License status
Regulated
Instruments
Forex pairs, shares, indices, commodities, ETFs
Year founded
2016
Frequently asked
Is FXPesa a safe broker?
FXPesa scores 7.1 / 10 on our Trust Score, above the 5.3 average for brokers that hold a verified licence. It is only offshore-regulated, which means weaker protection. It has no complaints on record with us. Trade only with funds you can afford to lose.
How is the FXPesa trust score calculated?
The score weighs five factors: regulation tier, transparency of disclosures, operating footprint, user sentiment, and complaint history. Each is scored out of 10 and combined into the overall figure shown at the top. Read our methodology.
What does "offshore regulated" mean?
It means the broker's licence comes from a jurisdiction with lighter requirements than tier-1 regulators like the FCA or ASIC. There's usually no compensation scheme, so recovering funds can be difficult if the broker fails.
Can I withdraw funds easily from FXPesa?
FXPesa publishes some trading terms, but always confirm withdrawal fees directly. Test with a small amount first and document every transaction.