Broker Summary
Summary of the broker
Introduction to FXPesa: An Overview
FXPesa is a trading broker that provides access to numerous Global Financial Markets and is committed to simplifying the trading process; they provide traders with user-friendly tools, competitive trading conditions, and a broad range of trading instruments. The FXPesa website contains an extensive amount of information regarding FXPesa's different offerings, however the number of available options in the trading marketplace means that it can be challenging for traders to determine the most appropriate trading platform for their trading needs.
In this FXPesa review, we have provided a comprehensive analysis of the background history of FXPesa, including their Key Features and offerings, whether they are regulated, their trading Conditions, FXPesa's fees, and the User Experience with FXPesa. Although there is limited publicly available information, our FXPesa review will outline information available about FXPesa and identify areas of information that are still sparse.
History / Background of FXPesa
FXPesa was established in 2016 as a trading brokerage based in Malta. FXPesa provides traders with access to a wide range of financial instruments including Foreign Exchange (Forex) Pairs, Shares, Indices, Commodities & Exchange Traded Funds (ETFs). As a financial services provider, FXPesa operates as a trading broker, and very little historical data is available about the company's establishment, development, or milestones. The lack of publicly available information suggests that FXPesa is either a relatively new entrant into the brokerage industry or exists as a low-profile broker.
Key Features and Offerings
FXPesa's goal is to provide a wide assortment of trading products that allow it to cater to the different requirements of different types of traders. Although FXPesa does not provide specific information regarding product offerings and platform functionality on its website (such as the specific types of trading instruments provided), brokers within the same category typically offer access to Trading Forex, Commodities, Indices, and potentially Cryptocurrencies.As public information for FXPesa is limited, prospective clients should contact FXPesa directly for accurate and up-to-date information regarding the various instruments and trading platforms they offer.
Regulatory Compliance and Licensing
Regulatory oversight is an important factor when selecting a broker as it ensures that brokers comply with industry standards, and provide measures to protect clients. There is currently limited information available regarding FXPesa's regulatory licenses and compliance.
If FXPesa does not have clear regulatory credentials, traders should be cautious and conduct thorough due diligence prior to trading with them.
Regulator
License Number
Status
Little to no information available
Little to no information available
Little to no information available
Trading Conditions and Platform Technology
Evaluating brokers also includes analysing their trading conditions such as: spreads, leverage and minimum deposit amounts. Specific details about FXPesa's trading conditions have not been made public.
Also, there is no public information available for FXPesa regarding which trading platform(s) they support (i.e. if they support popular platforms such as MetaTrader 4 and/or their own proprietary trading platforms). Therefore, traders should reach out to FXPesa directly to obtain confirmation as to what technology and tools they will be able to use.
Trading Condition
Details
Spreads
Little to no information available
Leverage
Little to no information available
Minimum Deposit
Limited information available
Trading Platform
Limited information available
Fee Structure
Understanding a broker's fee structure will help traders manage costs effectively. Currently, FXPesa has not publicly disclosed the specifics regarding their fee structures including deposit fees, withdrawal fees and commission rates.
Traders interested in FXPesa should ask the broker directly for disclosure of any fees associated with their accounts or trading.
Fee Type
Details
Deposit Fees
Little to no information available
Withdrawal Fees
Little to no information available
Commission
Little to no information available
User Experience and Market Reputation
Client feedback and market reputation are useful indicators of the reliability of a broker's service. Although there is limited information available concerning FXPesa from the public domain, there is insufficient information available to conduct a reliable assessment regarding the user experience or the reputation of the broker.
Interested traders should look for reviews on FXPesa from verified sources or community forums and perform their own due diligence before transferring funds to FXPesa.
Conclusion
FXPesa is positioned as a trading broker within the Financial Services market; however, due to the limited amount of public information available about FXPesa's offerings, regulatory status and trading conditions, potential traders should exercise due diligence before comitting funds to FXPesa. In the competitive market for brokerage firms, transparency and regulatory compliance are key components of the brokerage selection process. Until further information is available, traders are encouraged to perform additional research or use other brokers with well-publicised and documented regulatory compliance and client feedback.
Regulatory Licenses
Compliance & oversight
FCATier 1Regulated
CMATier 3Regulated
CMATier 3
The Capital Markets AuthorityKenyaTier 3Confirmed on the CMA-Kenya register as EGM Securities Limited (Trading as “FX Pesa”) (Non-Dealing Online Foreign Exchange Broker (agency / STP online forex brokerage; CMA licensee category 5)). Published Website cell "https://www.fxpesa.com/" matches the broker's mainWebsite domain fxpesa.com in BROKER CONTEXT, corroborated by the printed entity name "EGM Securities Limited (Trading as “FX Pesa”)" carrying our brand as its registered trading name, and the Kenyan address "P.O. Box 14747 – 00800, Westlands, Nairobi"
ApprovedRegulated
Confirmed on the CMA-Kenya register as EGM Securities Limited (Trading as “FX Pesa”) (Non-Dealing Online Foreign Exchange Broker (agency / STP online forex brokerage; CMA licensee category 5)). Published Website cell "https://www.fxpesa.com/" matches the broker's mainWebsite domain fxpesa.com in BROKER CONTEXT, corroborated by the printed entity name "EGM Securities Limited (Trading as “FX Pesa”)" carrying our brand as its registered trading name, and the Kenyan address "P.O. Box 14747 – 00800, Westlands, Nairobi"
Confirmed on the CMA-Kenya register as EGM Securities Limited (Trading as “FX Pesa”) (Non-Dealing Online Foreign Exchange Broker (agency / STP online forex brokerage; CMA licensee category 5)). Published Website cell "https://www.fxpesa.com/" matches the broker's mainWebsite domain fxpesa.com in BROKER CONTEXT, corroborated by the printed entity name "EGM Securities Limited (Trading as “FX Pesa”)" carrying our brand as its registered trading name, and the Kenyan address "P.O. Box 14747 – 00800, Westlands, Nairobi"
FSATier 3Offshore
Account Types
Trading account options
ClassicStandardLeverage 1:2000 • Commission Zero commission
StandardStandardMin Deposit USD 30 • Leverage 1:2000 • Commission Zero commission
ECNECNMin Deposit USD 100 • Leverage 1:2000 • Commission $3.5 per lot per side
Funding Methods
Deposit & withdrawal options
Bank Wire TransferFree Deposit
Visa/MastercardFree DepositInstant
NetellerFree DepositInstant
SkrillFree DepositInstant
Trading Platforms
Professional trading tools
Global Domains
Worldwide web presence
No Website Information
Website domains not available for this broker yet.
Social Presence
Digital community engagement



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