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EGM Securities Review 2024

Ben Johnson
Forex Broker Expert

4 / 5 – 1 Ratings

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Brokers Highlights

Brokers Name

EGM Securities

Trading Desk

ECN

Year Founded

2016

Headquarters

Regulation

EGM Securities is authorised and regulated by the Capital Markets Authority Kenya

US Clients

🇺🇸
No

247 Support

Support Email

Telephone

+254 730 676 002

Address

12th floor, Tower 2, Delta Corner Towers, Waiyaki Way, Westlands, Nairobi

Languages

Accounts Details

Commission

Account Name

Executive Account, Premiere Account

Min. Deposit

$15

Base Currencies

USD, EUR

Order Execution

Market Еxecution

Max. Leverage

1:400

Starting Spreads

Spreads From 1.4 pips

Trade Size

From 0.01

Instruments

62 currency pairs, 6 precious metals, 37 CFD instruments, 240+ Shares

Demo Accounts

Swap-Free

Crypto Trading

CopyTrading

Platforms

Trading Platform

MT4, MT5

Mobile Trading

Yes

Web Trading

Yes

Affiliate Program

Yes

Funding

Deposit Methods

VISA, MasterCard, Bank Wire Transfer, Skrill, Neteller, M-Pesa, EAZZYPAY & Airtel Money, MTN & Airtel UG, Vodacom, Airtel TZ, HaloPesa & TigoPesa

Withdrawal Methods

VISA, MasterCard, Bank Wire Transfer, Skrill, Neteller, M-Pesa, EAZZYPAY & Airtel Money, MTN & Airtel UG, Vodacom, Airtel TZ, HaloPesa & TigoPesa

Pros

Not Found

Cons

Not Found
4 / 5 – 1 Ratings

EGM Securities is a popular forex broker among the traders in Kenya, one of the reasons being that it is regulated locally. EGM Securities is one of the only two Forex Brokers which is regulated by Kenya’s Capital Markets Authority (CMA). EGM Securities is a part of a global group of FX & CFD companies in various countries. Their parent company has offices in the Middle East, North America, Europe and Asia Pacific regions.

Regulation

The First CMA Licensed Forex Broker in Kenya. EGM Securities Kenya’s First Non-Dealing Online Forex Broker based in Nairobi. EGM Securities is authorised and regulated by the Capital Markets Authority Kenya. EGM Securities are part of a global business that can deliver individual, corporate and institutional services through our decentralised international offices.

EGM Securities is the trading name of EGM Securities Limited (Company Registered No. PVT-AAAAFF7), which is authorised and regulated by the Capital Markets Authority, with its company registered address at 12th floor, Tower 2, Delta Corner Towers, Waiyaki Way, Westlands, Nairobi.

Advantage

They are a Non-Dealing Desk (NDD) forex broker, so they provide direct access to Interbank market exchange rates. An NDD broker provides trade executions using either Straight Through Processing (STP) or Electronic Communications Network (ECN) or, sometimes, a hybrid of both. These technologies allow customers to directly trade with interbank rates, without any intermediaries. Thus, there is no conflict of interest between the NDD broker and their customers, which is normally the case with market maker brokers.

EGM securities provides trading on Forex, as well as trading CFDs on currency pairs, commodities, indices and metals. Their support is fair, not quite good as some other brokers though. We will talk about this more in our review. Their customer service is 24/6, and they have educational offerings like webinars, blogs and research tools.

Safety of funds

There is also safety of funds with EGM securities as the clients’ money segregation is a requirement from CMA. This means that all the client money is separate from the brokerage money. The funds of EGM securities are also held with a Top Tier Bank. Thus, this would give an additional assurance to the investors regarding their money being safe with EGM Securities.

Accounts Type

  • Executive account – created to meet your expectations. Minimum deposit $500. Executive Account provides easy access to the popular MetaTrader 4 trading platform; Market Order Execution; with more than 60 currency pairs to trade on. Non-Dealing Desk and ECN (Electronic Communication Network) technology. It integrates with more than a dozen of the top liquidity providers, giving you tighter spreads and faster execution.
  • Premiere account – designed for trading gurus. Minimum deposit $5,000. As a professional-level trader you have individual requirements. That’s why at EGM Securities we offer the Premiere Account with competitive trading terms and a variety of services on each account type. Think Pro, Trade Pro. Optimise and apply your EA’s on the MT4 platform to automate your trading account freely. Get access to deep liquidity with institutional-level pricing from over 10 Tier 1 liquidity providers. Sophisticated order management options and advanced order types contribute to an enhanced trading experience on our Premiere platforms.

Trading Platform

EGM Securities MT4 service, there’s no need to rely on any third party bridges. Our robust systems are well engineered to cope with the demands of large numbers of trades and our MT4 platform is well-equipped to handle increasing volumes of traffic.

  • Web and mobile trading
  • A broad range of tradable pairs
  • Responsible leverage

  • Research and analysis tools
  • Trading skills development
  • Multilingual customer support

Deposits & Withdrawals

At EGM Securities, making deposits and withdrawals is extremely simple and straightforward and takes up very little of your time. It is our constant endeavour to offer you a wider array of deposit and withdrawal options and to make the process even easier. If you have any further queries, please contact our Client SupportTeam [email protected].

Wire/Bank Transfer, Debit/Credit Cards, Mpesa – Lipa na Bonga – EazzyPay – Airtel money – eLipa – Mastercard, Visa – MTNMoney –  (UGX), Skrill & Neteller

Is EGM Securities Safe..?

Yes. They are regulated by Kenya’s regulatory body, Capital Markets Authority of Kenya (CMA). This is a very important aspect of EGM securities as it provides assurance to Kenyan investors with the sense of security due to regulations by a local authority.

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The promotion is being shared here solely for informational purposes. Please note that this should not be considered as financial advice.

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4 / 5 – 1 Ratings

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