Overall, EGM Securities can be summarised as a credible and trustworthy broker and is considered low-risk with competitive trading fees and spreads. EGM Securities has an overall trust score of 69 out of 99. EGM Securities offers a world-class trading platform with immediate order execution.
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 runs a Non-Dealing Desk (NDD) which means it provides direct access to Interbank market exchange rates. Trade executions are provided by using Straight Through Processing (STP). Traders can trade on the MetaTrader 4 platform with a choice between two live account types.
Choose your quick section of our EGM Securities below.
EGM Securities Review – A Key 19 Point Quick Overview
- ✅EGM Securities at a glance
- ✅EGM Securities Overview
- ✅EGM Securities Sign up Bonus
- ✅EGM Securities Minimum Deposit
- ✅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 Trading platforms
- EGM Securities Fees and Spreads
- EGM Securities Deposit fees and deposit methods
- EGM Securities vs CPT Markets UK vs LiteForex – A Comparison
- EGM Securities Current Popularity Trends
- EGM Securities Pros and cons
- EGM Securities Customer Reviews
- Conclusion
- Disclaimer
- Frequently Asked Questions
EGM Securities give traders the opportunity to trade various financial markets, such as over 60 currency pairs, precious metals, indices, commodities, CFDs, and more.
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 runs a Non-Dealing Desk (NDD) which means it provides direct access to Interbank market exchange rates. This means it provides trade executions using either Straight Through Processing (STP) or Electronic Communications Network (ECN), or both.
EGM Securities Sign up Bonus
EGM Securities does not offer a sign-up or welcome bonus. A bonus offers one of the best ways for brokers to draw new customers to participate in trading activities. Traders usually receive some money back when they are offered a welcome bonus by a broker. This payback of funds will depend on the initial deposit made by the trader.
| 🎉 Sign Up Bonus | ❌ |
| 🎉 Referral Bonus | ❌ |
| 🎉 Loyalty Program | ❌ |
| 🤝 Affiliate Program | ☑ Yes |
EGM Securities Minimum Deposit
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, 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 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
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 Trading platforms
The trading platform is the software that traders use to execute their trades. Each broker reserves the right to offer their own preferred trading platform. EGM Securities offer trading on the globally known MetaTrader 4 and MetaTrader 5 which are available on the web, desktop, Android, and iOS devices.
MetaTrader 4
The MetaTrader 4 platform allows you to trade on a number of different devices, providing you with access on the go at any time of the day. MetaTrader4 gives you the confidence that you have access to all your information at your fingertips and can make well-informed trading decisions including smartly managing your trading risk across your EGM Securities accounts.
Some of the features offered with MT4 are:
| Web and mobile trading | Research and analysis tools |
| A broad range of tradable pairs | Trading skills development |
| Responsible leverage | Multilingual customer support |
MetaTrader5
MetaTrader5 offers trades on 66 currency pairs, 6 precious metals, 37 CFD instruments, and over 150 shares (UK, EU, and the US).
EGM Securities Fees and Spreads
No commissions are charged by the broker on the Executive account but a commission of $ 7 per standard lot round turn is charged on the Premiere account.EGM Securities does not offer spread betting, so spread betting fees do not apply.
| 🌐 Executive account | 🌐 Premier account | |
| 💰 Minimum deposit | $15 | $100 |
| ZAR | R240 ZAR | R1 600 ZAR |
| 💳 Spreads | 1.4 pips | 0.0 pips |
Factors such as available liquidity (supply and demand), volatility, the trading session, and market forces usually have an influence on the price spreads, and they might vary throughout the day.
EGM Securities Deposit fees and deposit methods
The minimum deposit that EGM Securities requires when registering a live account is exceptionally low when compared with other brokers. EGM Securities offers traders the following payment methods which can be used when making deposits:
| Bank Transfers | Credit/Debit Cards |
| EFTs | RTGS |
| Mobile Payment Solutions |
Deposit currencies that are accepted include EUR, USD, GBP, and AED.
There are no deposit fees charged when using any of the above-mentioned payment methods. Traders must, however, ensure that they verify whether their financial institution waives its own fees as there may be additional fees payable. These often depend on the payment method used as well as the amount which is deposited into the trading account.
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EGM Securities vs CPT Markets UK vs LiteForex - A Comparison
| 🥇 EGM Securites | 🥇 CPT Markets UK | 🥇 LiteForex | |
| 💳 Minimum Deposit | $15 | $100 | $25 |
| ZAR | R240 ZAR | R1 600 ZAR | R400 ZAR |
| 🎉 Bonus | ❌ | ☑ | ☑ |
| 💻 MT4 | ☑ | ☑ | ☑ |
| ☪️️ Islamic Account | ☑ | ❌ | ☑ |
EGM Securities Current Popularity Trends
According to Google Trends, here is an overview of how frequently the search term – “EGM Securities” is entered into Google’s search engine over a given period of time.
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 |
| Educational and research tools offered | Few choices of account types |
| Low minimum deposit requirement | US clients not accepted |
| MetaTrader 4 & 5 | |
| Regulated CMA |
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
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.
You might also like: EGM Securities Account Types Overview
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Disclaimer
Before deciding to trade with EGM Securities, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose. The broker warns clients that Forex and CFDs trading carries a substantial risk and may not be suitable for all investors. Margined Forex and CFD trading are leveraged products and can result in losses that exceed deposits.
Ensure you understand the risks and be sure to manage your risk exposure effectively. EGM Securities does not provide any investment advice.
The broker warns that margin trading involves the potential for profit as well as the risk of loss. Movements in the price of foreign exchange and commodities are very unpredictable, and the broker cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.
Frequently Asked Questions
Is EGM Securities a fake or scam?
EGM Securities is a legit broker regulated by the Capital Market Authority, CMA license no 107
Does EGM Securities offer leverage?
EGM Securities offers fixed leverage up to a maximum of 1:400 on Forex pairs, and 1:200 on Indices.
Which platforms are supported by EGM Securities?
EGM Securities offers MetaTrader 4 and MetaTrader 5 platforms.
What spreads can I expect with EGM Securities?
Spreads typically start from 0.0 pips EUR/USD.
Which live trading accounts does EGM Securities offer?
EGM Securities offers two live trading accounts namely a Premier and an Executive account. Muslim traders also have the option to open a live Islamic Swap/Free account.
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