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    FXPesa review: licence, accounts and payments

    Updated October 7, 2026 Facts verified on October 7, 2026

    Not rated yet 5.0/5 on other platforms 3.7K ratings Alternatives

    FXPesa is the trading name of EGM Securities Limited, licensed by Kenya’s Capital Markets Authority under licence 107 and part of the Equiti Group.

    Key facts

    Regulators
    CMA (Kenya)
    Minimum deposit
    No minimum
    Maximum leverage
    up to 1:400 (CMA (Kenya))
    Swap-free (Islamic) account
    On request
    Headquarters
    Kenya

    Facts checked on October 7, 2026. Details and sources below.

    Pros

    • CMA Kenya licence no. 107 held by EGM Securities Limited
    • M-Pesa, EazzyPay and Airtel Money in KES with $0 fees and instant processing
    • Mobile money in Uganda and Tanzania with $0 fees
    • No minimum deposit on the Standard account

    Cons

    • Skrill and Neteller withdrawals cost 1%, up to USD 30
    • International bank wire withdrawals cost USD 15
    • No official list of countries served found on the pages we checked
    • Card withdrawals may take up to 15 working days to reach the card

    Licences and legal entities

    Legal entity Regulator Licence no. Max leverage What we checked
    EGM Securities Limited CMA (Kenya) (Kenya) 107 1:400 October 7, 2026

    Account types

    Account Min. deposit Pricing Commission / lot Platforms Swap-free (Islamic)
    Standard $0 Spread only $0 MetaTrader 4, MetaTrader 5, Equiti Trader On request
    Premier $100 Raw spread + commission $7 MetaTrader 4, MetaTrader 5, Equiti Trader On request

    Deposits and withdrawals

    Method Deposit Withdrawal Fee Time
    M-Pesa Kenya Yes Yes $0 Instant
    EazzyPay Kenya Yes Yes $0 Instant
    Mobile Money (MTN MoMo, Orange Money) Kenya, Uganda, Tanzania Yes Yes $0 Instant (Tanzania withdrawals within 24 hrs)
    Skrill Yes Yes Deposits $0; withdrawals 1% up to USD 30 Deposits instant; withdrawals 1-2 working days
    Neteller Yes Yes Deposits $0; withdrawals 1% up to USD 30 Deposits instant; withdrawals 1-2 working days
    Visa / Mastercard Yes Yes $0 Deposits instant; withdrawals 1-2 working days (crediting to the card may take up to 15 working days)
    Bank transfer Yes Yes Deposits $0; domestic withdrawal $0; international withdrawal USD 15 Deposits 1-5 working days; withdrawals 1-2 (domestic) / 1-5 (international) working days

    Screenshots

    Pages we captured in a browser on the date shown. Pages can look different in your country.

    FXPesa home page
    FXPesa home page Captured October 12, 2026 · Source
    FXPesa account types on its official site
    FXPesa account types on its official site Captured October 12, 2026 · Source
    FXPesa in the CMA (Kenya) register
    FXPesa in the CMA (Kenya) register Captured October 12, 2026 · Source

    Overview

    FXPesa is the registered trading name of EGM Securities Limited, part of the Equiti Group. The company is incorporated in Kenya, with its registered address in Westlands, Nairobi. Its about page says it received its CMA licence in 2018 and launched FXPesa in 2019; no founding year is given. All facts in this review were checked on 7 October 2026.

    Licences and who they cover

    EGM Securities Limited holds licence 107 from Kenya’s Capital Markets Authority (CMA); the CMA register lists it as trading as “FX Pesa”. The Equiti Group’s licences from the FCA, SCA, CySEC and others belong to other group companies, not to FXPesa’s entity.

    The site is aimed at Kenya and East Africa, but we found no official list of the countries it serves. It says its information is not directed at residents of the United States, Belgium, Canada and Singapore.

    The CMA-regulated entity states that 80% of retail investor accounts lose money when trading online forex and CFDs with this provider. This is the Kenyan entity’s own disclosure, not an EU or UK figure.

    Accounts and costs

    Both live accounts can be held in USD or KES, offer leverage up to 1:400 and run on MT4, MT5, MQ WebTrader and Equiti Trader.

    • Standard: no minimum deposit, $0 commission and average spreads of 1.4 pips.
    • Premier: deposits from $100, spreads from 0.0 pips and a commission of US$3.5 per lot per side (7 USD round turn).

    Under FXPesa’s swap-free terms, effective 3 April 2023, a swap-free account may be provided on request; after a grace period, an administrative fee replaces swaps. A welcome bonus (“100% extra trading credit”) is advertised, subject to its terms.

    Deposits and withdrawals

    First-time withdrawals may take longer, FXPesa notes.

    • M-Pesa, EazzyPay and Airtel Money (KES), MTN and Airtel (UGX): $0 fees; instant deposits and withdrawals.
    • Vodacom, Airtel, HaloPesa and TigoPesa (TZS): $0 fees; instant deposits, withdrawals within 24 hours.
    • Visa and Mastercard: $0 fees; instant deposits, withdrawals in 1–2 working days, though crediting to the card may take up to 15 working days.
    • Skrill and Neteller: free, instant deposits; withdrawals cost 1% up to USD 30 and take 1–2 working days.
    • Bank wire: free deposits in USD, KES, TZS or UGX (1–5 working days); withdrawals in USD or KES only, free domestically (1–2 working days) and USD 15 internationally (1–5 working days).

    Before you open an account

    • Check that FXPesa serves your country, since we found no official list.
    • If you need a swap-free account, request it and read how the administrative fee works.
    • Read the bonus terms before you accept the welcome bonus.

    We have not tested this company with our own account yet; this review will be updated when we do.

    Ratings on other platforms

    What users of app stores and TradingView give FXPesa. These are their ratings, not a Wealth.cat score.

    Average across platforms: 5.0/5 3.7K ratings · Weighted by the number of ratings on each platform.
    Platform What is rated Rating Ratings Checked
    Google Play Equiti Trader 5.0/5 3.7K October 8, 2026
    App Store Equiti Trader 4.5/5 16 October 8, 2026

    App store ratings rate the company’s mobile app. Counts with K or M are rounded by the platform.

    What reviewers mention most

    We read 24 reviews (App Store: 24, in the platform’s default order) written between May 23, 2023 and August 18, 2026 and counted what each one talks about: 7 positive (4–5★), 1 neutral (3★) and 16 negative (1–2★).

    Most praised

    • Easy-to-use app or platform 2
    • Useful tools and features 2
    • Helpful support 2

    Most criticised

    • App bugs, crashes or login problems 10
    • Slow or unhelpful support 3
    • Slippage, failed or delayed orders 2

    The number is how many of those reviews mention it. Only themes mentioned at least twice are listed.

    This summarises what reviewers wrote; we did not verify their claims, and companies can invite customers to leave reviews.

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    Frequently asked questions

    Is FXPesa regulated?

    Yes. FXPesa operates through entities licensed by CMA (Kenya). Licence numbers and legal entities are listed in the licences table on this page.

    What is the minimum deposit at FXPesa?

    FXPesa sets no minimum deposit (Standard).

    Which trading platforms does FXPesa offer?

    FXPesa offers MetaTrader 4, MetaTrader 5, and Equiti Trader.

    Does FXPesa offer a swap-free (Islamic) account?

    On request. Swap-free conditions can be requested on: Standard and Premier.

    What is the maximum leverage at FXPesa?

    It depends on the entity that opens your account: 1:400 with CMA (Kenya).

    How can I deposit and withdraw money with FXPesa?

    Deposits and withdrawals: M-Pesa (Kenya), EazzyPay (Kenya), Mobile Money (MTN MoMo, Orange Money; Kenya, Uganda, Tanzania), Skrill, Neteller, Visa / Mastercard, and Bank transfer.

    Which countries does FXPesa not accept?

    FXPesa does not accept clients from United States, Belgium, Canada, and Singapore.

    When were these facts last checked?

    We checked the facts on this page against FXPesa’s official pages on October 7, 2026.

    How is FXPesa rated on other platforms?

    As of October 8, 2026: Google Play 5.0/5 (3.7K ratings) and App Store 4.5/5 (16 ratings). Weighted by the number of ratings, the average is 5.0/5. These are ratings by those platforms’ users, not a Wealth.cat score.

    What do reviewers praise and criticise about FXPesa?

    We read 24 reviews on App Store written between May 23, 2023 and August 18, 2026. Most praised: Easy-to-use app or platform (2), Useful tools and features (2), Helpful support (2). Most criticised: App bugs, crashes or login problems (10), Slow or unhelpful support (3), Slippage, failed or delayed orders (2). This summarises what reviewers wrote; we did not verify their claims, and companies can invite customers to leave reviews.

    Alternatives

    Compare FXPesa with

    Sources

    Not available in: United States, Belgium, Canada, Singapore