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FXPesa

Regulated
Kenya
,
Since 2019
Last Updated:
52/100
Overall Score

Trading Conditions

Min Deposit:
USD100
Max Leverage:
400
Account Types
ClassicStandardECN

User Reviews

Total Reviews
This Month
Avg Rating

Funding Methods

6 methods

Bank Wire Transfer

bank transfer
1 days
Fee:
Free
Fee:
Free

Visa/Mastercard

credit card
Instant
Fee:
Free
Fee:
Free

Neteller

e wallet
Instant
Fee:
Free
Fee:
1.0%

Skrill

e wallet
Instant
Fee:
Free
Fee:
1.0%

KoraPay

bank transfer
Instant
Fee:
Free
Fee:
Free

Apple Pay

e wallet
Instant
Fee:
Free
Fee:
Free

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 63%, 2: License 64%, 3: Software 51%, 4: Spread 0%, 5: Account Type 28%, 6: Symbol 0%
Regulation
63%Fair
License
64%Fair
Software
51%Fair
Spread
0%Poor
Account Type
28%Poor
Symbol
0%Poor

Company Information

Full Name:FXPesa
Founded:2019
Headquarters:Kenya
Enterprise Offices:N/A

Customer Support

Phone:
+254 730 676 002
Live Chat:
business_hours
Response Time:
Languages:
English
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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

3 licenses
United Kingdom
FCATier 1
United Kingdom#528328
License Details
Type:Investment Advisory License
License #:528328
Status:Regulated
Validity
Effective:N/A
Expires:N/A
Kenya
CMATier 3
Kenya#120
License Details
Type:Dealing in futures contracts
License #:120
Status:Regulated
Validity
Effective:N/A
Expires:N/A
Seychelles
FSATier 3
Seychelles#SD064
License Details
Type:Financial Service
License #:SD064
Status:Regulated
Validity
Effective:N/A
Expires:N/A
1
Tier 1
3
Countries
0
Offshore

Account Types

Trading account options

3 types
Classic
Standard
Leverage 1:2000 • Commission Zero commission
Leverage1:2000
CommissionZero commission
Standard
Standard
Min Deposit USD 30 • Leverage 1:2000 • Commission Zero commission
Min DepositUSD 30
Leverage1:2000
CommissionZero commission
ECN
ECN
Min Deposit USD 100 • Leverage 1:2000 • Commission $3.5 per lot per side
Min DepositUSD 100
Leverage1:2000
Commission$3.5 per lot per side
3
Total Types
2
Categories
ECN Available

Funding Methods

Deposit & withdrawal options

6 methods
Bank Wire Transfer
Bank Transfer1 min
Deposit
Fee:Free
Min:USD 50
Max:N/A
Withdrawal
Fee:Free
Min:USD 50
Max:N/A
Maximum deposit depends on bank/card transfer limits; confirm with your bank. Available for domestic and international clients.
Visa/Mastercard
Credit CardInstant
Deposit
Fee:Free
Min:USD 5
Max:USD 5,000
Withdrawal
Fee:Free
Min:USD 1
Max:USD 5,000
Prepaid Cards limit USD 5,000; Other Cards USD 10,000 per transaction & 50,000 daily limit. Available in supported regions.
Neteller
E-WalletInstant
Deposit
Fee:Free
Min:USD 5
Max:USD 5,000
Withdrawal
Fee:1%
Min:USD 1
Max:USD 5,000
Withdrawal fee 1% up to $30 or equivalent. Available in supported regions.
Skrill
E-WalletInstant
Deposit
Fee:Free
Min:USD 5
Max:USD 5,000
Withdrawal
Fee:1%
Min:USD 1
Max:USD 5,000
Withdrawal fee 1% up to $30 or equivalent. Available in supported regions.
6
Free Deposit
6
Instant
0
Crypto

Trading Platforms

Professional trading tools

2 Available
Meta Trader 5

Meta Trader 5

by MetaQuotes Software Corp • 2010

Windows
Mac
Linux
Web
+3
Rating
4.5
Status
Available
Type
Integrated
Platforms
+
Trading Software
Visit
MetaTrader 4

MetaTrader 4

by MetaQuotes Software Corp. • 2005

Windows
Mac
Web
Android
+1
Rating
4.5
Status
Available
Type
Integrated
Platforms
Trading Software
Visit

Live Spreads & Trading Costs

Compare real-time spreads on major currency pairs

Spreads are the core trading cost with FXPesa: the difference between the bid and ask price you pay on every trade. Tight, stable spreads on major pairs like EUR/USD, GBP/USD and USD/JPY mean lower costs for scalpers, day traders and long-term investors alike.

  • Live spread table for six major currency pairs, refreshed every few seconds
  • Excellent / competitive / high ratings so you can benchmark FXPesa at a glance
  • Bid, ask and pip-change data to estimate your real cost per trade
View live spreads for FXPesa

Spread data is indicative and for comparison purposes only

Global Domains

Worldwide web presence

0 sites

No Website Information

Website domains not available for this broker yet.

Social Presence

Digital community engagement

4 platform
Scroll to see all 4 platforms

Comments

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