Overall FXPesa provides 2 different retail account types e.g., an Executive Account and a Premier Account. FXPesa offers trading accounts in USD, KES, TZS, and UGX.
FXPesa at a glance
| 🔍 Broker’s name | FXPesa |
| 📅 Year founded | 2019 |
| 🏛️ Publicly Traded (Listed Company) | No |
| ⚖️ Regulating authorities | CMA |
| 🌎 Country of Regulation | Kenya |
| ✴️ Account Segregation | ✅Yes |
| ✖️ Negative Balance Protection | ✅Yes |
| 🤝 Investor Protection Schemes | ✅Yes |
| 💱 Social/Copy Trading | ✅Yes |
| ▶️ Institutional Accounts | No |
| 👨🏼💼Managed accounts | No |
| 💹 Minor Account Currencies | KES, USD |
| 💰 Minimum deposit | R0 / $0 |
| 📒 Demo account | Yes |
| ☪️ Islamic account (swap-free) | No |
| ⏱️ Average Deposit/Withdrawal Processing Time | 1-3 business days |
| ➕ Deposit options | Wire/Bank transfer Debit/Credit cards E-Wallet Mobile payments |
| ➖ Withdrawal options | Wire/Bank transfer E-Wallet Mobile payments |
| 💷 Fund Withdrawal Fee | No |
| 📈 Spreads from | 0.0 pips |
| 💸 Commissions | Yes, variable |
| 🔑 Number of Base Currencies Supported | 2 (KES, USD) |
| 💳 Swap Fees | ✅Yes |
| 🔣 Maximum leverage | 1:400 |
| 📊 Margin Requirements | Variable |
| ⏲️ Order Execution Time | < 1 second |
| 📌 VPS Hosting | No |
| ➕ CFDs - Total Offered | Over 100 |
| 🗃️ CFD Stock Indices | ✅Yes |
| 📰 CFD Commodities | ✅Yes |
| 📑 CFD Shares | ✅Yes |
| 📊 Platform(s) provided | Equiti Trader MetaTrader 4 MetaTrader 5 |
| 📶 OS compatibility | Windows, Mac, iOS, Android |
| 🛍️ Tradable assets offered | Forex, Indices, Commodities, US Shares, UK Shares and EU Shares |
| 👥 Live Chat Availability | ✅Yes |
| 📧 Customer Support Email Address | support@fxpesa.com |
| 📱 Customer Support Contact Number | +254 (0) 709 710 000 |
| 🖥️ Social Media Platforms | Facebook, Twitter, LinkedIn |
| 💬 Languages supported on the website | English, Swahili |
| 💬 Customer support languages | Multilingual |
| ⏲️ Customer service hours | 24/6 |
| 🖇️ Forex Course | ✅Yes |
| 💻 Webinars | ✅Yes |
| 📚 Educational Resources | Articles, videos, tutorials |
| 🖍️ Affiliate Program? | ✅Yes |
| 😎 IB Program | ✅Yes |
| 💯 Do they sponsor any notable events or teams? | No |
| ⏩ Rebate Program | ✅Yes |
| 🥰 Does FXPesa Accept South African Traders? | ✅Yes |
| 📊 Is FXPesa Regulated by the South African Regulatory Body (FSCA)? | No |
| 🪙 Does FXPesa Offer an Affiliate Program for South African Traders? | ✅Yes |
| ❤️ Does FXPesa Allow Opening Trading Accounts in ZAR/Rands? | No |
| 🚀 Open an Account | Open Account |
Min Deposit
R0 / $0
Regulators
CMA
Trading Platform
MT4, MT5, FXPesa Trader
Crypto
No
Total Pairs
62
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Customers in South Africa have access to a variety of quick and convenient payment options for the first time, courtesy of FXPesa, one of a few forex brokers that offer local options.
FXPesa Account Types Review – 6 Key Point Quick Overview (2025):
FXPesa Overview- FXPesa Account Types and features
- FXPesa Customer Reviews
- FXPesa Pros and Cons
- Conclusion
- Frequently asked questions
In addition to its 2 retail accounts, FXPesa also offers an unlimited demo account alongside an Islamic account option for Muslim traders who need halal trading conditions.
FXPesa Overview
The Executive Account and the Premiere Account are the two types of retail trading accounts that are available with FXPesa.
EGM Securities Limited is a non-dealing desk broker that is licensed by the Capital Market Authority to facilitate foreign exchange (FX) and contracts for difference (CFD) transactions using an electronic communications network.
FXPesa is the brand name under which EGM Securities Limited operates (ECN). FXPesa is a trading platform that is easy to use and provides South African traders with access to some of the most open and straightforward trading options.
Customers in South Africa have access to a variety of quick and convenient payment options for the first time, courtesy of FXPesa, one of a few forex brokers that offer local options.
Because EGM operates as a non-dealing desk broker (NDD), it can provide its South African clients with immediate access to the most competitive interbank market currency rates.
Because it connects its customers directly to the market via interbank trading rates, the Electronic Communications Network (ECN) that is used for trading makes it possible to decrease the number of intermediaries that are required.
Because of this, a greater number of South Africans can participate in trading because the brokerage fees and transaction charges will be reduced.
FXPesa Account Types and features
| 🔍 Account Features | 📈 Standard Account | 📈 Premier Account |
| 💵 Minimum Deposit | R0 ZAR / $0 | R1600 ZAR / $100 |
| 📊 Platforms offered | MetaTrader 4 FXPesa Trader MetaTrader 5 | MetaTrader 4 FXPesa Trader MetaTrader 5 |
| 📈 Typical spreads | 1.4 pips | 0.0 pips |
| 📊 Instruments available | 62 currency pairs 6 precious metals 37 CFDS 240+ Shares | 62 currency pairs 6 precious metals 37 CFDS 240+ Shares |
| 💹 Maximum leverage ratios | Forex and Precious Metals – 1:400 CFDs – 1:200 Equities – 1:20 | Forex and Precious Metals – 1:400 CFDs – 1:200 Equities – 1:20 |
| ⚖️ Fixed leverage | On MetaTrader 4 and FXPesa Mobile, on forex, precious metals, CFDs, and equities | On MetaTrader 4 and FXPesa Mobile, on forex, precious metals, CFDs and equities |
| ⚖️ Dynamic leverage | On MetaTrader 5 on forex, precious metals, CFDs, and equities | On MetaTrader 5 on forex, precious metals, CFDs, and equities |
| ⭐ Demo account | Yes | Yes |
| 📝 Order execution | Market | Market |
| 📉 Minimum trade size | 0.01 | 0.01 |
| 📈 Maximum Trading Volume for a single trade | 150 lots for major financial instruments | 150 lots for major financial instruments |
| 📈 Maximum volume on open trades | 1500 lots on forex | 1500 lots on forex |
| 📈 Maximum Number of Open or Pending Trades | 500 | 500 |
| 💲 Base account currency | USD | USD |
| 🛑 Stop-out | 30% | 30% |
| 💰 Commission fee | No | R112 ZAR / $7 per standard lot, round turn on forex and precious metals |
| ☪️ Islamic account option | No | No |
FXPesa comes highly recommended since it provides the best trading conditions and executes orders quickly and consistently. A Premiere account with spreads as low as 0 pips is now available to complement the FXPesa Executive account, which is the entry-level account offered.
Traders can expect fast and reliable order execution on transactions, and there are more than 200 different instruments offered, depending on the kind of trading account employed.
In addition to these two retail accounts, FXPesa also offers an unlimited demo account alongside an Islamic account option for Muslim traders who need halal trading conditions.
Executive Account
This is the ideal account for South Africans who employ fast-paced and high-volume trading strategies. The unique characteristics of this account are as follows:
| 🔍 Account Features | 📈 Executive Account |
| 💵 Minimum Deposit | R0 ZAR / $0 |
| 📊 Platforms offered | MetaTrader 4 FXPesa Trader MetaTrader 5 |
| 📈 Typical spreads | 1.4 pips |
| 📊 Instruments available | 62 currency pairs 6 precious metals 37 CFDS 240+ Shares |
| 💹 Maximum leverage ratios | Forex and Precious Metals – 1:400 CFDs – 1:200 Equities – 1:20 |
| ⚖️ Fixed leverage | On MetaTrader 4 and FXPesa Mobile, on forex, precious metals, CFDs, and equities |
| ⚖️ Dynamic leverage | On MetaTrader 5 on forex, precious metals, CFDs, and equities |
| ⭐ Demo account | Yes |
| 📝 Order execution | Market |
| 📉 Minimum trade size | 0.01 |
| 📈 Maximum Trading Volume for a single trade | 150 lots for major financial instruments |
| 📈 Maximum volume on open trades | 1500 lots on forex |
| 📈 Maximum Number of Open or Pending Trades | 500 |
| 💲 Base account currency | USD |
| 🛑 Stop-out | 30% |
| 💰 Commission fee | No |
| ☪️ Islamic account option | No |
Premiere Account
This is a more exclusive account for experienced South African traders who need additional benefits and the best trading conditions. The list of characteristics on the Premiere Account is as follows:
| 🔍 Account Features | 📈 Premier Account |
| 💵 Minimum Deposit | R1600 ZAR / $100 |
| 📊 Platforms offered | MetaTrader 4 FXPesa Trader MetaTrader 5 |
| 📈 Typical spreads | 0.0 pips |
| 📊 Instruments available | 62 currency pairs 6 precious metals 37 CFDS 240+ Shares |
| 💹 Maximum leverage ratios | Forex and Precious Metals – 1:400 CFDs – 1:200 Equities – 1:20 |
| ⚖️ Fixed leverage | On MetaTrader 4 and FXPesa Mobile, on forex, precious metals, CFDs and equities |
| ⚖️ Dynamic leverage | On MetaTrader 5 on forex, precious metals, CFDs, and equities |
| ⭐ Demo account | Yes |
| 📝 Order execution | Market |
| 📉 Minimum trade size | 0.01 |
| 📈 Maximum Trading Volume for a single trade | 150 lots for major financial instruments |
| 📈 Maximum volume on open trades | 1500 lots on forex |
| 📈 Maximum Number of Open or Pending Trades | 500 |
| 💲 Base account currency | USD |
| 🛑 Stop-out | 30% |
| 💰 Commission fee | R112 ZAR / $7 per standard lot, round turn on forex and precious metals |
| ☪️ Islamic account option | No |
Demo Account
Novice traders may use the demo account to practice trading and hone their abilities before opening a real trading account. Advanced and seasoned traders may test their trading strategies on a demo account before using them on a live trading account, protecting them from monetary loss while honing their tactics.
The FXPesa Demo Account is intended to provide new traders with the opportunity to get expertise in the trading market. Demo accounts provide their users with several advantages and while these accounts are the same as live accounts in every way, they do not use real money.
Some of the features included in the demo account are that they provide access to real market prices, unlimited usage, and the MetaTrader 4, MetaTrader 5, mobile, and WebTrader interfaces.
Islamic Account
FXPesa’s does not offers an Islamic Account for Muslim traders.
Even if the practice of halal forex trading is not a new one in the world of finance, there are still very few online brokers that provide Islamic accounts. Brokers mostly do not advertise this form of trading account since it generates a lower profit for them and only a small number of customers are interested in it.
Swap-Free Accounts are another name for Islamic forex accounts since they do not permit the accrual, collection, or payment of interest and are thus halal trading accounts. Islamic forex accounts are also known as halal trading accounts. In contrast to traditional trading accounts, these accounts do neither generate swap profits nor do they incur costs associated with currency swaps.
FXPesa Customer Reviews
the best foex company i ever deal with…
the best foex company i ever deal with in Africa specially in kenya// so qiuck in deposit also in withdrawing more convianient really really i liked so much,,,,,,,,,,,,,,,,,,,, thank you EGM and Fxpesa keep going guys
Min Deposit
R0 / $0
Regulators
CMA
Trading Platform
MT4, MT5, FXPesa Trader
Crypto
No
Total Pairs
62
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
FXPesa Pros and Cons
| ✔️ Pros | ❌ Cons |
| Even though it is new to the sector, FXPesa has passed all the necessary regulatory hurdles | FXPesa applies withdrawal fees |
| FXPesa gives its customers a few diverse ways to deposit and withdraw money | South Africans will face currency conversion fees if they deposit funds in ZAR |
| On the trading accounts, the minimum required deposit is cheap | There is no ZAR-denominated trading account offered |
| The Premiere Account at FXPesa has spreads that are always 0 pips | There is an inactivity fee that will automatically apply once the account becomes dormant after 180 days. |
| There are no restrictions on the demo account | South Africans will face high spreads on the Executive Account |
| FXPesa provides its users with several different trading techniques to choose from. | |
| When dealing with FXPesa, traders may anticipate the market execution of their orders | |
| Even though it is new to the sector, FXPesa has passed all the necessary regulatory hurdles | |
| FXPesa gives its customers several diverse ways to deposit and withdraw money |
Conclusion
Overall FXPesa provides 2 different retail account types e.g., an Executive Account and a Premier Account. FXPesa offers trading accounts in USD, KES, TZS, and UGX.
FXPesa connects its customers directly to the market via interbank trading rates, the Electronic Communications Network (ECN) that is used for trading makes it possible to decrease the number of intermediaries that are required.
You might also like: FXPesa Review
You might also like: FXPesa Demo Account – Step by Step
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You might also like: FXPesa Withdrawal Process
Frequently asked questions
Can South Africans register an account with FXPesa?
Yes, South Africans can register an account with FXPesa via the website. There are, however, some restrictions on other jurisdictions.
How do I close a trade in FXPesa?
To close a trade you must have an existing account and open trades with FXPesa. You can log into your trading account, navigate to your trades, and click on the trade that you wish to trade.
This will give you a list of actions, and you can select “close” or “modify,” depending on your order.
How do you trade on an FXPesa demo?
You can navigate to the official website for FXPesa, select the option to register a demo, complete a quick registration, and start trading in demo mode.
Is FXPesa a broker?
Yes, FXPesa is an NDD broker affiliated with EGM Securities.
How much can I withdraw from FXPesa?
The maximum withdrawal is between 20,000 and 40,000 ZAR per day.
Addendum/Disclosure
No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.
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