EGM Securities Review

 

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 Spider Chart

 

Pros and cons

✅PROS	❌ CONS
Educational and research tools offered	Few choices of account types
Low minimum deposit requirement	US clients not accepted

 

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 Premier 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.

 

Featured Offered

• EGM Securities offers a wide range of trading opportunities with zero platform fees, zero commissions, and spreads starting from as low as 0.0 pips, making it attractive for cost-conscious traders.
• The broker provides access to over 2,000 assets, including forex, commodities, indices, shares, and ETFs.
• Clients can trade on MetaTrader 4, MetaTrader 5, or through a mobile trading app for flexibility across devices.
• EGM Securities also supports various payment methods such as bank transfers, credit and debit cards, e-wallets, crypto wallets, and mobile money options like M-Pesa, ensuring convenient deposits and withdrawals.

 

 

EGM Securities Customer Reviews

• Customer reviews of EGM Securities show a generally positive impression among traders in Kenya, particularly for its local support, user-friendly platform, and low minimum deposit options.
• Many clients appreciate its regulation by the Capital Markets Authority, which gives a sense of trust and safety.
• However, some users have mentioned slow withdrawal processing times and delays in customer service responses.
• Overall, EGM Securities is viewed as a reliable broker for beginners and experienced traders alike, but improvements in communication and transaction speed could enhance the overall client experience.

 

 

 

 

EGM Securities Safety and Security

 

• EGM Securities prioritizes client safety by keeping all client funds fully segregated in separate bank accounts, ensuring they are not mixed with the company’s own funds.
• The firm follows strict regulatory controls, maintains transparency in its operations, and advises clients to safeguard their account credentials and transfer funds only to designated accounts for maximum security.

 

What measures does EGM Securities take to protect client funds?

EGM Securities keeps all client funds fully segregated from the company’s own accounts, ensuring that client assets are secure even if the company faces financial difficulties. Strict regulatory compliance and internal controls further safeguard client investments.

 

How does EGM Securities ensure online account security?

The company enforces strong authentication procedures and advises clients to protect their login credentials. All transactions must be conducted through designated accounts, reducing the risk of fraud and ensuring that funds are only transferred securely.

 

 

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.
📝Sign up	👉 Open Account

 

EGM Securities Account Types

• EGM Securities offers a demo account for practice with simulated funds, as well as two main live account types: an Executive account and a Premier (or Premiere) account.
• According to various reviews, the Executive account is designed for beginners with a lower minimum deposit requirement, non‑commission spreads, and more standard trading terms.
• The Premier account caters to more experienced traders, offering tighter spreads (as low as around 0 pips on major pairs), but with a higher minimum deposit and may charge a commission per lot.

 

Premiere Account

 

• The Premier account is designed for more experienced or higher‑volume traders, requiring a minimum deposit of around US $100 and offering ultra‑tight spreads starting from 0.0 pips.
• In exchange for these competitive spreads, a commission of approximately US $3.50 per lot per side applies.
• The account supports their full platform set (such as MT4/MT5) and is best suited for traders seeking lower cost per trade and who trade regularly.

 

💰 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

 

• The Executive Account is a live‑trading account designed for traders starting with smaller capital.
• It has a low minimum deposit, offers variable spreads on major currency pairs, and charges no additional commission fees.
• This account type is ideal for trading with lower risk while accessing the full range of the broker’s trading platforms and tools.

 

💰 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

 

EGM Securities Demo Account

• EGM Securities provides traders with the option to open a Demo Accoun,t 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 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.
• Overnight fees are charged if traders hold positions open for longer after the trading day has concluded.

 

Features:	EGM Securities
Strict Sharia law	Yes
Overnight fees charged	Yes
Account types	Executive account Premiere account
Minimum deposit	$15
📝Sign up	👉 Open Account

 

What types of accounts does EGM Securities offer?

EGM Securities provides several account types to suit different trading needs, including standard accounts for regular traders and professional accounts for experienced investors. Each account type offers access to the trading platform, leverage options, and customer support tailored to the account level.

 

How do I choose the right account type with EGM Securities?

Clients can select an account based on trading volume, preferred instruments, and risk tolerance. EGM Securities ensures all accounts comply with regulatory requirements, with segregated funds and secure access to protect client investments.

 

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 the Ethe GM Securities account registration process is for traders to provide their employment and financial status, trading experience, account preference, and password.

 

 

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.
• 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.

 

What are the fees associated with trading at EGM Securities?

EGM Securities charges no additional commission on most accounts, and fees are primarily embedded in the spreads. Traders should be aware of overnight rollover fees and possible charges for deposits or withdrawals depending on the payment method used.

 

How competitive are the spreads at EGM Securities?

Spreads at EGM Securities are variable and depend on the account type and market conditions. The Executive Account typically has slightly wider spreads, while higher-tier accounts may offer tighter spreads, allowing for more cost-efficient trading, especially on major currency pairs.

 

Features	🌐 Executive account	🌐 Premier account
💰 Minimum deposit	$15	$100
ZAR	R240 ZAR	R1 600 ZAR
💳 Spreads	1.4 pips	0.0 pips

 

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 offers 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.

 

MetaTrader5

 

 

• EGM Securities offers MetaTrader 5 as a versatile trading platform available on desktop, tablet, and mobile devices, allowing clients to trade multiple asset classes efficiently.
• It provides advanced charting tools, automated trading capabilities, and real-time market access for a seamless trading experience.

 

Which trading platforms does EGM Securities offer?

EGM Securities provides clients with the MetaTrader 5 platform across desktop, tablet, and mobile devices. This allows for flexible trading on multiple asset classes with advanced charting, automated trading, and real-time market access.

 

Can I trade on the go with EGM Securities platforms?

Yes, EGM Securities’ MetaTrader 5 mobile and tablet versions enable trading anytime, anywhere. Users can monitor positions, execute trades, access charts, and use analysis tools directly from their devices, ensuring a seamless experience outside the desktop environment.

 

 

EGM Securities Deposits and Withdrawals

• EGM Securities offers multiple options for deposits, including credit and debit cards, bank transfers, e‑wallets like Neteller and Skrill, and local mobile‑money solutions such as M‑Pesa in Kenya.
• Withdrawals can be requested through the client portal and are processed back to the original funding source, with some methods, like cards, taking up to 5–15 working days to complete.

 

What payment methods does EGM Securities support for deposits and withdrawals?

EGM Securities allows clients to fund and withdraw from their accounts using bank transfers, credit/debit cards, and select e‑wallets. Processing times vary depending on the method, typically ranging from a few hours to a few business days.

 

Are there any fees or minimum amounts for deposits and withdrawals with EGM Securities?

EGM Securities sets minimum deposit and withdrawal amounts depending on the chosen payment method. The company generally does not charge additional fees, but clients should check with their banks or payment providers for any external transaction costs.

 

 

EGM Securities Leverage

• EGM Securities provides trading in margined FX and CFD products, allowing investors to use leverage.
• This means a smaller initial deposit can control a larger position, amplifying both potential profits and potential losses.
• Their risk disclaimers emphasize that leveraged trading can result in losses exceeding the initial investment.

 

EGM Securities vs Exness – A Comparison

 

EGM Securities Research

• EGM Securities offers comprehensive research tools within its trading platform, providing clients with market analysis, insights, and educational materials.
• These resources help traders make informed decisions across a wide range of financial instruments, enhancing their overall trading experience.

 

 

EGM Securities Awards

• EGM Securities was recognized in 2021 as the “Best Forex Broker Eastern Africa” by the Global Business Review Magazine.
• This award highlights the company’s leadership in the retail forex sector in the region and its commitment to providing a reliable, regulated online trading platform for clients.

 

Customer Reviews

⭐ Aristos Panteli, Senior Account Manager

Aristos Panteli serves as a Senior Account Manager, bringing extensive experience in client relations and trading support. He is known for his professionalism and ability to guide clients through complex trading processes with clarity and confidence.

 

⭐ Great assistance from Aristos Panteli!

Clients frequently praise Aristos Panteli for his exceptional support, noting his patience and responsiveness. He goes the extra mile to ensure questions are answered promptly and that clients feel confident and informed in their trading decisions.

 

⭐ I have worked with many different

Many clients highlight that, after working with several account managers, Aristos Panteli stands out for his personalized approach. His expertise and friendly demeanor create a reliable and positive experience, making him a trusted advisor for traders navigating the market.

 

 

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 carry a substantial risk and may not be suitable for all investors.

Margin Forex and CFD trading are leveraged products and can result in losses that exceed deposits.

 

You might also like:

EGM Securities Demo Account

EGM Securities Fees and Spreads

EGM Securities Islamic Account Overview

EGM Securities Minimum Deposit

EGM Securities Sign up Bonus

 

Frequently Asked Questions

 

What types of accounts does EGM Securities offer?

EGM Securities provides a variety of account types tailored for different trading needs, including standard retail accounts and VIP accounts. Each account comes with varying spreads, leverage options, and trading features designed to suit both beginners and experienced traders.

 

How can I open an account with EGM Securities?

To open an account, visit the EGM Securities website, complete the online registration form, submit necessary identification documents, and undergo verification. Once approved, you can fund your account and start trading on their regulated multi-asset platform immediately.

 

Is EGM Securities regulated?

Yes, EGM Securities is licensed and regulated by the Capital Markets Authority of Kenya under licence number 107. This regulation ensures compliance with local financial laws, client fund protection, and transparent business practices within the Kenyan financial market.

 

What trading platforms are available at EGM Securities?

EGM Securities offers advanced online trading platforms suitable for both desktop and mobile devices. These platforms include user-friendly interfaces, real-time pricing, technical analysis tools, and execution capabilities to facilitate efficient trading across forex, commodities, and other instruments.

 

What instruments can I trade with EGM Securities?

Clients can trade a wide range of financial instruments, including major and minor forex pairs, commodities, indices, and CFDs. The platform provides access to global markets, enabling traders to diversify their portfolios and implement multiple trading strategies efficiently.

 

How do I deposit and withdraw funds?

Deposits and withdrawals are processed through multiple secure payment methods such as bank transfers, debit/credit cards, and e-wallets. Transactions are generally quick, subject to verification requirements, and follow strict protocols to ensure client funds are safe and handled transparently.

 

Does EGM Securities offer leverage?

Yes, EGM Securities provides leverage to enhance trading capacity, allowing clients to control larger positions than their account balance. Leverage levels vary depending on the account type and instrument, but it also increases both potential gains and risk exposure.

 

Is there customer support available?

EGM Securities offers dedicated customer support via live chat, email, and phone. The team assists with account setup, trading inquiries, platform navigation, and technical issues, aiming to provide timely, professional, and helpful guidance to all clients.

 

Are there educational resources for traders?

EGM Securities provides educational resources, including webinars, tutorials, and trading guides. These resources are designed to help traders of all levels improve their understanding of market trends, trading strategies, risk management, and how to effectively use the trading platform.

 

What are the risks of trading with EGM Securities?

Trading forex and CFDs involves high risk due to leverage, price volatility, and market fluctuations. Clients may lose more than their initial investment. EGM Securities provides risk disclosures and encourages responsible trading practices to help mitigate potential financial losses.