FXPesa Review

FXPesa review gives traders a picture of the brokerage services of FXPesa. Traders can find the best and worst that they can expect from the platform and make trading easy. 

The broker is said to be a low risk service provider. One can easily open their account and trade in a range of products and services. Every trader requires different tools, market and platform therefore having a brief analysis can help them make efficient trades. 

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What is FXPesa?

FXPesa is a retail trading broker. It is based in Kenya offering traders a range of services. The broker is a relatively new forex and CFD broker that was established in 2019. 

The broker is said to be a low risk broker. It has a trust score of 90 out of 100. Proper regulation and security of the traders makes it a great fit for online traders. Traders globally can access the services. 

However, it does not offer services in the USA and Israel. 

Is FXPesa Secure?

FXPesa is trading under the name of EGM securities Limited. The broker is regulated by the Capital Markets Authority (CMA) of Kenya. It is a trustworthy company with various trading services. 

The licence number for CMA is Cap485A. The prime responsibility of the authority is to supervise, licence and monitor activities of the broker. It derives its power to regulate and supervise the capital market industry. 

Other than this, the broker also provides client money segregation. Trader's funds are safe with the broker as they do not use it for meeting any needs of the company. 

Thus, overall a secure trading platform. 

FXPesa at a Glance

Why FXPesa?

FXPesa is a good option in the market for market traders. They can have access to a range of services. Other than this, the points that make a trader choose FXPesa over other brokers are: 

• First broker to offer forex and CFDs products in the retail market in East Africa. 
• Has mobile application facility 
• Smooth trading services for all levels of traders
• Locally regulated broker
• It has global presence and expertise to trade
• Helps traders succeed. 

FXPesa Pros and Cons

FXPesa Account Types

Traders at FXPesa can have two types of significant accounts. Below is a comparison of their services: 

Deposit and Withdrawal

FXPesa has no deposit charge. But the account may have some small charges such as the Executive account has a deposit of $5 while for the Premier account it is $100. The transfers through banks take a time period of one to three working days. 

On the other hand, other methods of deposit are instant. Deposit methods include: 

• Debit/credit card
• Bank transfer
• Neteller
• eLipa
• Skrill
• MPesa

Besides, the withdrawals with the company have no limit.  Bank transfer withdrawals take three to five days. While mobile payment and e-wallet takes three hours. 

Traders can have withdrawals for free for all payment methods except e-wallet. I thas 1% fee which amounts t0 $30. 

Conclusion

FXPesa review is a brief analysis of the brokers services. Traders can use the review to understand the broker and its services. It has various facilities for the traders making it a great option for financial traders. 

One can understand the security, its advantages and disadvantages, account types, deposit and withdrawals easily. Thus, a complete understanding of the financial broker.