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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 |
Suspicious Regulatory License | White label MT4 | Global Business | High potential risk

https://www.egmsecurities.com/

Website

Rating Index

MT4/5 Identification

MT4/5

White Label

EGMSecurities-Demo

Hong Kong
Hong Kong
MT4
47

Influence

D

Influence index NO.1

Kenya Kenya 2.86

MT4/5 Identification

MT4/5 Identification

White Label

47
Server Name
EGMSecurities-DemoMT4
Server LocationHong KongHong Kong

Influence

Influence

D

Influence index NO.1

Kenya Kenya 2.86
Surpassed 23.70% brokers
Biz Area 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
Customer Service Email Address
support@egmsecurities.com
Contact Number
+254730676002
Related Software
Biz Area
Website
Company Summary
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
133.47
velocityIcon
Average Latency (ms)/ms

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

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Meta Trader 4
Perfect
Meta Trader 5
Meta Trader 5
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Official Website

Website

  • egmsecurities.com
    172.67.21.220
    Server Location
    United States United States
    ICP registration
    --
    Most visited countries/areas
    --
    Domain Effective Date
    --
    Website
    --
    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

Keywords

  • 5-10 years
  • Suspicious 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.

In a week
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.

In a week
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.

In a week
United States

How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

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What factors should I consider when choosing a safe forex broker?

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

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What does it mean if a broker holds multiple regulatory licenses?

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.

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How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

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What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

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