FXPesa is a popular FX trading platform in Kenya that is regulated by Capital Markets Authority of Kenya (CMA). Their fees is simple & they have local support. It gives you the tools and support you need to trade with confidence. It was founded in the year 2019 and its headquarters are based in 12th floor, Tower 2, Delta Corner Towers, Waiyaki Way, Westlands, Nairobi.

FXPesa Registration

To register for an FXPesa account follow the step-by-step guide below:

  • Official Registration link. >> www.fxpesa.com/register
  • Enter all the details required that is; Your First Name, Last Name, Country of residence, City, Email Address, Phone Number.
  • To verify your mobile number, kindly request for a verification PIN to be sent to your phone.
  • Enter the PIN sent to your number for verification and then click the Submit button.

Having done that, you are now a member of the FXPesa community.

Registration link. >> www.fxpesa.com/register

FXPesa Platforms

FXPesa provides a variety of interfaces for all devices:

FXPesa Mobile: FXPesa Mobile is the mobile-based trading. It is available on both Android and iOS, making it a good muli device experience. Through your mobile, you can go to MyFXPesa account management portal for trading a range of products and services.

FXPesa Web Trader: This is a web-based trading platform. It does not require any downloading and installing and gives instant access to your account. The market analysis can be done on web based chart with the technical indicators and drawing tools.

MyFXPesa: This is the comprehensive account management portal, which can be accessed from both FXPesa Trader and FXPesa Mobile. One can access their trading statements, fund their account with their preferred payment partners and set the account as per requirement. Live chat with 24/5 support is also available through the portal for any issues faced.

MT4: MT4 is the most popular trading platform across the globe for online forex trading. FXPesa also has MT4 platform. This has multiple functionalities and quick and stable environment for trading. MT4 makes online trading experience an easy experience.

MT4 includes automated trading and signals, advance charting tools, research and analysis tools and multi-device supports. They do not have MT5 trading platform as of yet.

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FXPesa

Registration link. >> www.fxpesa.com/register

FXPesa Login

You can log in to your trading account through three different options:

  • Mobile applications be it IOS/ Android
  • Download Metatrader 4 through the App Store or Play Store.
  • Click on settings. Go to new account, login to an existing account and select the server (EGMSecuritiesDemo) for your demo account or (EGMSecurities-Live4) for your live account.
  • Enter your login and password as sent to your registered email address.
  • Then sign in

Option 2: FXPESA trader (Web Trader)

  • You can also access your trading account through the FXPESA website
  • Click on login
  • Enter your login and password as sent to your registered email address.
  • Select the server you wish to use either Demo or Live
  • Click on “Login”

Trading Instruments at FXPesa

FXPesa has somewhat limited trading instruments apart from forex compared to other brokers. Let us look at them header wise:

The range of instruments EGM Securities provides is way less than its competitors like XM or Hotforex. Let’s see the instruments available with EGM Securities:

Forex: FXPesa has 66 currency pairs available for trading to Kenyan traders, including 7 major pairs, 21 minor pairs and 38 exotic pairs on offer.

Although there are a few global brokers that offer higher number of FX pairs, this is still a wider variety of currencies for Forex trading, compared to many other brokers like XM, FXTM & Hotforex.

The trading currency basics like leverage, spreads, trading hours, margin all are explained in full detail on their website’s instruments page. Holiday schedule is also available in FXPesa’s website.

CFDs on Indices: There are 12 global Indices available. All the information like fixed leverage, contract size, commission, trading hours is available along with the holiday schedule on their website.

CFDs on Commodities: FXPesa offers CFD trading on 8 commodities including Gold, Silver, Oil and Platinum.

Share CFDs: They have a wide variety of US, UK and European shares available as CFDs on their platform.

Account Types at FXPesa

FXPesa has a Standard account and a Demo account.

Registration link. >> www.fxpesa.com/register

FXPesa Demo Account:

The Demo Account is for beginner traders where you can gain trading experience. There are many advantages of the Demo accounts. These are just like live accounts with real market pricing, and unlimited usage, access to the MT4, mobile apps and Webtrader platforms.

Note: The trading conditions in the live market may be different from demo. But you can still use demo to practice your strategy & learn.

FXPesa Live Account:

FXPesa offers Standard account. Their Standard account is an “Executive account” that they offer with a spread which starts from 1.4 pips, with a minimum deposit requirement of US$5 and maximum leverage of 1:400.

There is however no negative balance protection with their account.

 

Option 3: Meta Trader 4 programs

The link to download the Meta Trader 4 program is sent to you via the email sent to your registered email address along with your login credentials.

Here is how to use the MT4 program to login FX Pesa:

  • Open the MT4 program on your computer.
  • Click on file.
  • Click on Login To Trading Account.
  • Enter your login and password as sent to your registered email address.
  • Select the server you want to use either Demo for your demo account or live server for your live account
  • Click on Login.

 

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FXPesa Deposit

FXPesa offers a wide variety of deposit options to choose from

To deposit to your FX pesa account, follow the simple guideline below:

  • Log in to the client portal.
  • On the left side of the screen, select the option “Deposits”.
  • Select Deposit Options to view all the options available
  • Select the account and fill in the amount you wish to deposit
  • Select the preferred method and deposit your money.

Forex Demo Account

A Demo account is simply a practice account, which comes loaded with $10,000 virtual money. Trading with virtual money allows new traders to learn the ropes of trading without risking their own money.

Registration link. >> www.fxpesa.com/register

How it works

It enables a trader to start free online trading relatively quickly, so that they can practice trading before risking real money. This means that traders can choose when they wish to move to live markets. Demo account helps new traders to gain access to the latest real-time market data, the ability to trade with virtual currency and access to the latest trading insights from expert traders.

FXPesa Review

FXPesa is a fully licensed and regulated forex broker in Kenya. In fact, the broker ranks #1 in the list of CMA licensed forex brokers and for good reasons. Due to their quality services, FX Pesa has been able to get a 4.5 rating review. This proves their good services.

FXPesa Contacts

For more information, our support team is available 24/6 to answer any questions you may have. Contact as on:

  1. Client Support:
  1. Payment Enquiries:

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