EGM Securities traders can choose between three live account types, opening an Islamic account, an Executive, or a Premiere account. Beginner traders can also open a demo account that mimics a live trading environment.
EGM Securities at a glance
| 🔍 Brokers Name | EGM Securities |
| 🏛 Headquartered | Nairobi, Kenya |
| 📅 Year Founded | 2016 |
| 📝 Regulating Authorities | The Capital Markets Authority (CMA) |
| 🌍 Countries not accepted for trade | United States |
☪️️ Islamic Account | Yes |
| 📒 Demo Account | Yes |
| 🏛 Institutional Account | Yes |
| 💻 Managed Account | Yes |
| 📊 Maximum Leverage | 1:400 |
| 💰 Minimum Deposit | $15 or currency equivalent |
| 💳 Deposit Options 💳 Withdrawal Options | Bank Transfers, Credit/Debit Cards, Neteller, Skrill, Mobile Payment Solutions |
| 📊 Platform Types | MetaTrader4 |
| 📲 OS Compatibility | Linux, MacOS, Android, iOS Tradable Assets Web browsers, Windows, Desktop, Android, iOS |
| 📊 Tradable Assets | 60 currency pair, Precious metals, Indices, Commodities, CFDs, and more. |
| 🌐 Languages supported on Website | English |
| ☎ Customer service hours | 24 hours a day, 5 days a week. |
| 📌 Open an account | 👉 Click Here |
|---|
Min Deposit USD 15 Regulators CMA Trading Platform MT4, MT5 Crypto Yes Total Pairs 66 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
EGM Securities Account Types – A Key 11 Point Quick Overview
- ✅EGM Securities at a glance
- ✅EGM Securities Overview
- ✅EGM Securities Account Types
- ✅EGM Securities Account Features
- ✅How to open an EGM Securities trading account – Step by step
- EGM Securities Demo Account
- EGM Securities Islamic Account
- EGM Securities Pros and Cons
- EGM Securities Customer Reviews
- Conclusion
- Frequently Asked Questions
EGM Securities Overview
Trade executions are done by using either Straight Through Processing (STP) or Electronic Communications Network (ECN), or in many instances, both. The broker is part of a broader group of brokers licensed in the United Kingdom, Jordan, the UAE, and Australia.
EGM Securities offers trading through the globally known MetaTrader 4 and 5 with a choice of two account types, an Executive and a Premiere account. It also provides a free demo account as well as a Swap-free account. In addition, the broker provides educational and research tools to support first-time traders as well as more experienced traders.
EGM Securities Account Types
EGM Securities offers two account types namely the Priemere account and the Executive account, with a minimum deposit of $15 or currency equivalent.
| 🌐 Executive Account | 🌐 Premiere Account | |
| 💰 Minimum Deposit | $15 | $100 |
| ZAR | R240 ZAR | R1 600 ZAR |
| 💳 Spreads | 1.4 pips | 0.0 pips |
| 📊 Trading Platforms | MetaTrader4 MetaTrader5 | MetaTrader4 MetaTrader5 |
| 📌 Open an account | 👉 Click Here | 👉 Click Here |
|---|
EGM Securities Account Features
Premiere Account
This account has the following features:
| 💰 Minimum deposit | $100 |
| ZAR | R1 600 ZAR |
| 💳 Spreads | 0.0 pips |
| 📊 Platform Types | MetaTrader4 MetaTrader5 |
| 📉 Maximum Leverage | 1:400 |
| 📒 Demo account | Yes |
| 📉 Minimum trade size | 0.1 lots |
Executive Account
This account has the following features:
| 💰 Minimum Deposit | $100 |
| ZAR | R1 600 ZAR |
| 💳 Spreads | 1.4 pips |
| 📊 Platform type | MetaTrader4 MetaTrader5 |
| 📊 Maximum Leverage | 1:400 |
| 📉 Minimum lot size | 0.1 lots |
Clients using either of these accounts can trade in 66 currency pairs, 6 precious metals, 37 CFD instruments, and in over 150 shares.
How to open an EGM Securities trading account – Step by step
- Step 1 – Navigate to the EGM Securities website
The first step in registering for an EGM Securities account involves traders navigating to the website and clicking on the ‘Open account’ link and you will be redirected to a new window.
- Step 2 – Fill out the EGM Securities contact details form
Here you will be asked to complete the online contact information for a live account. Traders need to provide their First and Last Name, country of residence, telephone number, and email address. Traders will receive an OTP to verify their cellphone number and proceed to the next step.
- Step 3 – Fill out your Personal information
Traders must provide personal details such as their: date of birth, nationality, and home address and confirmation as tax citizens of their respective countries.
- Step 4 – Provide Trading Experience
The last step in EGM Securities account registration process is for traders to provide their employment and financial status, trading experience, account preference, and password.
EGM Securities Demo Account
EGM Securities provide traders with the option to open a Demo Account which can be utilized in many ways, including, but not limited to the following: A practice account in a risk-free environment for beginner traders who wish to improve their trading skills by utilizing the virtual funds provided.
| 🌐 EGM Securities Demo Account | Risk 🆓 |
| $10 000 Virtual money | |
| mimcs a live trading enviroment | |
| 📌 Open an account | 👉 Click Here |
|---|
To sign up for an EGM Securities demo account is fully digitalized and hassle-free. To open the account is free and normally traders can use the demo account for a period of 30 days. It is not clear on EGM Securities’ website how long the demo account is valid.
EGM Securities Islamic Account
Muslim traders who follow Sharia law have the option to open an Islamic Account with EGM Securities. An Islamic Account caters specifically to Muslim traders who follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees.
| Features: | |
| ☪️️ Strict Sharia law | ☑️ Yes |
| Overnight fees charged | ☑️ Yes |
| Account types | Executive account Premiere account |
| Minimum deposit | $15 |
| 📌 Open an account | 👉 Click Here |
|---|
Overnight fees are charged should traders hold positions open for longer after the trading day has concluded. This type of account allows absolution from such fees or interest, should they hold positions open for longer. If more information is required on the feature of an Islamic account and how to open one, potential clients can contact customer services
Traders need to verify the details of the account with EGM Securities if interested in registering for an Islamic account as conditions may have changed from the time of writing. These changes are as per the broker’s discretion and/or changes in market conditions.
Min Deposit USD 15 Regulators CMA Trading Platform MT4, MT5 Crypto Yes Total Pairs 66 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
EGM Securities Pros and Cons
| ✔️ PROS | ❌ CONS |
| Commission-free trading offered on the Executive account | Only two live account types offered Demo account offered |
| Demo account offered | Fixed spread accounts not offered |
| Islamic account offered | |
| MetaTrader 4 offered | |
| Regulated by CMA | |
| Segregated clients funds used |
EGM Securities Customer Reviews
Great Platform!
EGM Securities MetaTrader4 is by far the best I’ve come across, EGM Securities provides the easiest and most accessible trading platforms – Ed
Affiliate Programs offered
EGM Securities reaches Affiliate Brokers in South Africa – this can be considered a great offering– Channon
No Sign Up Bonus offered.
The EGM Securities website is easy to navigate and user-friendly, I am just sad that there are no bonuses or reward programs on offer. – Natalia
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Conclusion
Overall, EGM Securities is a new broker that offers a choice between several trading instruments on the MT4 platform which is the preferred platform of most traders. Although the broker only offers two live account types it also offers a free demo account and traders of the Muslim faith can open a Swap-free account.
The broker is regulated through CMA, the local regulatory body in Kenya, and funds are kept in segregated accounts. In addition, the broker offers educational and research tools to assist beginner as well as more experienced traders. EGM securities have other positive features like cross-device and cross-platform trading, data-driven decision-making through charting packages, Expert Advisors (EAs), and technical indicators.
Frequently Asked Questions
Can traders from South Africa open an EGM Securities trading account?
EGM Securities trading platform is accessible to traders in South Africa.
Does EGM Securities have ZAR accounts?
No ZAR accounts are currently listed on EGM Securities website.
How do you deposit money to EGM Securities?
The only acceptable payment methods currently by EGM Securities incl: Bank transfers, Mobile money transfers, RTGS, and EFTs.
Does EGM Securities charge withdrawal fees?
No withdrawal fees apart from international withdrawals through Bank wire transfer where the charge is 1650 KES or $16.50 / ZAR 264.
How many instruments can I trade with EGM Securities?
You can trade the following financial instruments: 60 currency pairs, Precious metals, Indices, Commodities, CFDs, and more
