FXPesa

FXPesa, a forex trading platform operated by EGM Securities Limited, plays a significant role in providing forex trading services. It was established on September 27, 2016, registered in the Republic of Kenya, with its registration address located at Delta Corner Towers, Nairobi, Kenya. However, despite offering a variety of trading products and account types, the platform is currently not regulated by any regulatory authority. FXPesa's official website is: https://www.fxpesa.com/

The Corporate Background of FXPesa:

FXPesa is a forex trading platform operated by EGM Securities Limited. The domain name for the FXPesa official website was registered on September 27, 2016. It is a limited liability company registered under the laws of the Republic of Kenya, with the registration number PVT-AAAAFF7. The company's registered address is located at 12th Floor, Tower 2, Delta Corner Towers, Waiyaki Way, Westlands, Nairobi, Kenya. EGM Securities Limited owns the registered trademark "FXPesa" and aims to provide traders with safe and reliable forex trading services.

Regulatory Information of FXPesa:

FXPesa is currently not regulated by any regulatory authorities. This means that their forex trading operations lack oversight and regulation, which may increase trading risks. Traders should pay special attention and carefully assess the risks of trading on an unregulated platform, and ensure that appropriate risk management measures are in place.

Account Registration Process of FXPesa:

1. Log in to the FXPesa official website, click the registration button
2. Fill in the application form
3. Submit identity verification/my number verification documents
4. Deposit and start trading

Account Types of FXPesa:

FXPesa offers the following three different types of trading accounts to meet the needs of various traders:

Standard Account:

1. USD account
2. Maximum leverage of up to 1:400
3. Average spread of 1.4 pips
4. No minimum deposit requirement
5. No trading commissions*
6. Suitable for beginners to intermediate traders

Premium Account:

1. USD account
2. Maximum leverage of up to 1:400
3. Spreads from 0.0 pips*
4. Minimum deposit from $100
5. A commission of $3.5 per lot (round turn)
6. Suitable for advanced and high-volume traders

Risk-Free Demo Account:

1. No deposit or bank details required
2. Trade with $10,000* (virtual) for simulation

Trading Software of FXPesa:

FXPesa offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are popular trading systems with powerful functions and flexibility to meet the needs and preferences of various investors. The MetaTrader platforms provide a wide range of analytical tools, charts, and automated trading features, enabling traders to efficiently execute various trading strategies.

Trading Products of FXPesa:

FXPesa offers a diverse range of trading products, including forex currency pairs, gold, crude oil, U.S. stocks, indices, and various Contracts for Difference (CFDs). This wide selection of products allows traders to flexibly choose their investment portfolio according to market changes and individual preferences.

What Are the Spreads and Leverage of FXPesa?

FXPesa offers various types of trading accounts, including standard and premium accounts. Standard accounts come with flexible leverage ratios, up to 1:400, offering an average spread of 1.4 pips, no minimum deposit requirement, and no trading commissions. Premium accounts, on the other hand, offer lower spreads, starting from 0.0 pips, but require a minimum deposit of $100 and charge a commission of $3.5 per lot (round turn). Moreover, FXPesa also provides a risk-free demo account, allowing traders to use virtual $10,000 for simulation trades without any deposit or bank details required.

What Are the Deposit and Withdrawal Methods of FXPesa?

FXPesa offers a variety of deposit and withdrawal methods, including mobile payments (M-Pesa, EAZZYPAY & Airtel Money), mobile phone payments (MTN & Airtel UG), and other mobile payment service providers such as Vodacom, Airtel TZ, HaloPesa & TigoPesa. Additionally, electronic wallet payments are supported, including Neteller and SKRILL, as well as credit card payments like Mastercard and VISA. Deposits and withdrawals can also be made through local or international bank wire transfers.

Customer Support of FXPesa:

Email: support@fxpesa.com

Phone: +254-730-676-002

Conclusion:

FXPesa is currently not regulated by any regulatory authorities, which may increase trading risks. Therefore, traders should carefully assess the risks involved in trading on the platform and ensure that appropriate risk management measures are in place. FXPesa is listed as "Non-Regulation" on TraderKnows.