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Score

0 1 2 3 4 5 6 7 8 9
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0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

egm SECURITIES

Kenya Kenya | 5-10 years |
Questionable Regulatory License | White label MT4 | Global Business | High Potential Risk

https://www.egmsecurities.com/

Website

Rating Index

MT4/5 Verification

MT4/5

White Label

EGMSecurities-Demo

Hong Kong
Hong Kong
MT4
48

Influence

D

Influence Index NO.1

Kenya Kenya 2.69

MT4/5 Verification

MT4/5 Verification

White Label

48
Server Name
EGMSecurities-DemoMT4
Server LocationHong KongHong Kong

Influence

Influence

D

Influence Index NO.1

Kenya Kenya 2.69
Surpassed 23.70% brokers
Business Region Search Statistics Ad Campaigns Social Media Index

Contact

+254 730 676 002
https://www.egmsecurities.com/
The RiverFront, 2nd Floor, Prof David Wasawo Drive Westlands

license Forex License

risk

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Kenya
Operating Period
5-10 years
Company Name
EGM Securities Limited
Email
support@egmsecurities.com
Contact Number
+254730676002
Related Personnel
Business Region
Verified Site
About Us
News
Wiki Q&A
Comment
MT4/5
White Label MT4
White Label MT4
White Label MT5
White Label MT5
2
MT4 Servers
2
MT5 Servers
149.76
velocityIcon
Average Execution Speed/ms

Properly licensed MetaTrader brokers provide robust systems and continuous support, backed by mature operations, advanced technology, and strong risk controls.

Meta Trader 4
Meta Trader 4
Perfect
Meta Trader 5
Meta Trader 5
Perfect

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Official Website

Verified Site

  • egmsecurities.com
    172.67.21.220
    Server Location
    United States United States
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    --
    Company
    --

Company Profile

Company Profile

Review summary

EGM Securities Review Summary
Founded2018
Registered Country/RegionKenya
RegulationNo regulation
Market InstrumentsCurrencies, Commodities, Shares, Indices, ETFs
Demo Account
LeverageUp to 1:400
SpreadFrom 0.0 pips
Trading PlatformMT4, MT5
Minimum Deposit/
Customer Support24/6 support
WhatsApp: +254-730-676-002
Phone (Toll-Free Kenya): 0800-211-185
Phone (International): +254-730-676-002
Email: support@egmsecurities.com
Address: 12th Floor, Tower 2, Delta Corner Towers, Waiyaki Way, Westlands, Nairobi, Kenya
BonusWelcome bonus of 30% extra on the first deposit

EGM Securities Information

Founded in 2018, EGM Securities is an unregulated broker registered in Kenya. The tradable instruments with a maximum leverage of 1:400 include currencies, commodities, shares, indices, and ETFs. The broker supports both MT4 and MT5 platforms.

EGM Securities Information

Pros and Cons

Pros Cons
24/6 customer supportNo regulation
MT4 and MT5 platforms availableUnknown minimum deposit
Demo accounts available
Various tradable instruments
Bonus offered
Popular payment options

Is EGM Securities Legit?

EGM Securities is not regulated, even though it claims to be licensed and regulated by Kenyas Capital Markets Authority. An unregulated broker is not as safe as a regulated one.

license
domain

What Can I Trade on EGM Securities?

EGM Securities offers a wide range of market instruments, including currencies, commodities, shares, indices, and ETFs.

Tradable Instruments Supported
Currencies
Commodities
Shares
Indices
ETFs
Cryptos
Bonds
Options
Mutual Funds

Leverage

The maximum leverage is 1:400, meaning that profits and losses are magnified 400 times. Note that higher leverage can improve profit potential while also increasing risk, therefore appropriate risk management is crucial.

EGM Securities Fees

The spread is from 0.0 pips, and the commission is $0. The lower the spread, the faster the liquidity.

Trading Platform

EGM Securities cooperates with the authoritative MT4 and MT5 trading platforms available in mobile, desktop, and tablet to trade. Junior traders prefer MT4 over MT5. Traders with rich experience are more suitable for using MT5. MT4 and MT5 not only provide various trading strategies but also implement EA systems.

Trading PlatformSupported Available Devices Suitable for
MT4Mobile/Desktop/TabletBeginners
MT5Mobile/Desktop/TabletExperienced traders
Trading Platform

Deposit and Withdrawal

EGM Securities accepts credit cards, bank transfers, eWallets, crypto wallets, mobile money like M-Pesa, and more for deposit and withdrawal. However, transfer processing times and associated fees are unknown.

Deposit and Withdrawal

Bonus

Traders can receive a welcome bonus of 30% extra on the first deposit. The bonus will be credited within 30 minutes to a maximum of 1 business day after the first deposit.

Bonus

Company Profile

  • 5-10 years
  • Questionable Regulatory License
  • White label MT4
  • White label MT5
  • Global Business
  • High Potential Risk

News

EGM Securities Review: Investigating Multiple Withdrawal-related Complaints

Exposure EGM Securities Review: Investigating Multiple Withdrawal-related Complaints

EGM Securities has been reported as a scam by many forex traders, as they encountered several problems concerning fund withdrawals. The broker is alleged to have defrauded traders by applying unnecessary restrictions on withdrawals. Also known as FXPesa, the broker seems to have caught traders’ attention, mostly for negative reasons, though. In this EGM Securities review article, we have discussed withdrawal-related complaints made against the broker online. Keep reading!

Wiki Q&A

What is the regulatory status and risk profile of egm SECURITIES?

EGM Securities Limited operates under an 'Unverified' Forex Execution License (STP) granted by the Capital Markets Authority (CMA) of Kenya. This single, non-mainstream regulatory arrangement results in a significant absence of the financial safeguards and investor protections commonly found with brokers regulated by multiple, top-tier global authorities, representing a high-risk operational profile.

04-02
United States

What regulatory licenses does egm SECURITIES hold?

According to WikiFX data, EGM Securities does not hold any verified licenses from established, mainstream global regulators such as the FCA, ASIC, or CySEC. The broker's stated license with Kenya's CMA is officially recorded with an 'Unverified' status, meaning it operates without credible oversight from a major financial authority.

04-02
United States

What is the full company name of egm SECURITIES?

The entity operates under the full legal name EGM Securities Limited, a firm registered in Kenya that has been operating in the forex brokerage space for an estimated 5 to 10 years.

04-02
United States

Can I recover my funds if I have been scammed by a broker?

Recovering funds after investment fraud can be difficult, but taking timely action may still help recover part of the losses. It is recommended to take the following actions immediately: keep trading records, chat records, and other evidence; contact the bank to try to stop or freeze the payment; report the case to local law enforcement agencies. In addition, investors can also use WikiFX complaint and exposure channels to increase the visibility of problematic platforms and improve the efficiency of rights protection.

04-02
United States

Apa itu WikiFX dan bagaimana membantu investor?

WikiFX adalah platform pihak ketiga yang menyediakan layanan pencarian informasi broker forex serta peringatan risiko. Platform ini mengintegrasikan informasi regulasi, umpan balik pengguna, dan riwayat operasional broker, serta melakukan evaluasi melalui model multidimensi untuk membantu investor memahami kondisi broker secara lebih menyeluruh.

Three days ago

¿Cómo comparar diferentes brókers de forma eficaz?

Para comparar diferentes brókers, los inversores pueden evaluar factores como la situación regulatoria, la puntuación integral, el entorno de trading, las condiciones de cuenta y los comentarios de usuarios. Se recomienda priorizar la verificación del estado regulatorio y las licencias, seguida del análisis de la puntuación WikiFX y sus distintos índices. La herramienta de comparación multidimensional de WikiFX permite realizar evaluaciones más estructuradas y eficientes.

Three days ago

¿Cómo determinar si un bróker está regulado?

Para determinar si un bróker está regulado, es fundamental verificar si posee una licencia financiera válida. Los inversores pueden comprobar el número de licencia y su estado en los sitios web oficiales de organismos supervisores como la Financial Conduct Authority (FCA) o la Australian Securities and Investments Commission (ASIC) para confirmar su autenticidad y vigencia. También debe tenerse en cuenta que algunos brókers pueden incurrir en clonación de licencias o prestación de servicios fuera de las jurisdicciones autorizadas, lo que implica riesgos adicionales. Según los datos de WikiFX, el estado regulatorio, los registros históricos y la puntuación de riesgo pueden utilizarse como referencia complementaria.

Three days ago

Apa arti broker memiliki beberapa lisensi regulasi?

Broker yang memiliki beberapa lisensi regulasi biasanya beroperasi di berbagai yurisdiksi dan harus mematuhi persyaratan dari beberapa regulator, yang dapat menunjukkan tingkat kredibilitas operasional yang lebih tinggi. Namun demikian, kekuatan pengawasan setiap lisensi dapat berbeda, terutama lisensi offshore. Disarankan memeriksa lisensi dari regulator utama seperti FCA atau ASIC melalui WikiFX.

Three days ago
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