EGM Securities Review

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Category: Broker Guides | Author: Trading Brokers | Date: April 11, 2026

Introduction

EGM Securities is a Kenya-based online broker offering forex and CFD trading via MetaTrader platforms. Licensed by the Capital Markets Authority (CMA) of Kenya, it serves both retail and institutional clients. As part of the Equiti Group, EGM leverages global infrastructure while catering specifically to African markets.

If you are interested in trading CFDs, you can take a look at our best CFD brokers for some options.

Company Background And Regulation

Founded in 2016, EGM is the first online non-dealing forex broker in Kenya, operating under license #107 from the CMA. It is a subsidiary of Equiti Group, which holds additional licenses in jurisdictions such as the UK, UAE, and Jordan. While Kenyan regulation provides a regulatory foundation, EGM lacks tier-1 oversight, meaning that investors outside Kenya rely on regional protections.

Strengths:

• Fully regulated by Kenya’s CMA
• Member of Equiti Group, with global license network
• Operates under execution-only, NDD/ECN structure

Considerations:

• Not regulated by top-tier bodies like FCA or ASIC
• Protection levels limited to regional schemes

Trading Platforms

EGM supports industry-standard trading platforms:

• MT4 & MT5 (desktop, web, mobile): comprehensive charting, EAs, and order types
• MAM support: for fund managers to handle multiple accounts

These platforms offer familiar and flexible trading environments suited to both automated strategies and manual traders.

Account Types And Costs

Executive Account

• Minimum deposit: $15
• Variable spreads from ~1.6 pips
• No additional commission
• Leverage up to 1:400

Premiere (ECN) Account

• Minimum deposit: $100
• Tight spreads from 0.2 pips
• Commission of ~$7 per lot on forex/metals
• Institutional-grade pricing, ideal for professionals

Additional info:

• Swap-free Islamic accounts available
• No inactivity, deposit, or withdrawal fees at the broker level

Market Access And Instruments

EGM offers over 2,000 instruments:

• 62+ forex pairs (majors, minors, exotics)
• Precious metals like gold, silver, platinum
• CFDs on indices and 240+ global equities
• ETFs (with commission around 0.01%)
• Commodity CFDs (e.g., oil)

This wide product mix allows clients to diversify and access global markets from a single platform.

Execution Model And Fees

EGM operates on a non-dealing desk (NDD) model using STP/ECN execution. This ensures direct market access and real interbank pricing, reducing conflicts of interest.

Fee Structure:

Account Type	Spreads (EUR/USD)	Commission
Executive (Standard)	from ~1.6 pips	None (spreads only)
Premiere (ECN)	from 0.2 pips	~$7 per lot

No deposit or withdrawal fees; however, third-party charges may apply for international transfers.

Leverage And Risk Handling

Leverage on forex is up to 1:400, with adjustable margins for other assets. EGM offers negative balance protection and segregates client funds in top-tier banks, ensuring a basic level of investor safety.

Deposits, Withdrawals, And Account Funding

EGM accepts a variety of deposit and withdrawal options:

• Bank wire transfers and credit/debit cards
• E-wallets: Skrill, Neteller
• Mobile money: M-Pesa, Airtel Money, MTN, Vodacom, and similar services across East Africa

Minimum deposit is $15; withdrawals typically process quickly, with no fees charged by EGM (though external provider fees may apply).

Education, Research And Support

EGM provides:

• EGM Academy (post-registration): basic video guides and trading tutorials
• Product Sensitisation Framework and order execution notices
• 24/6 multilingual support via phone, chat, WhatsApp, and email

While educational offerings are limited compared to brokers with extensive research divisions, support coverage during trading hours is solid.

Reputation And User Feedback

• Traders Union ranks EGM medium-risk (6.8/10), citing tight fees and regulatory standing.
• Broker comparison sites highlight no inactivity or platform fees, strong CMA oversight, and global market access.
• Customer feedback on BrokersView notes issues with commissions and service quality.
• The firm won “Best Forex Broker Kenya” in 2021.

Strengths

• Reliable platform (MT4/MT5) with global asset access
• Low minimum deposit ($15) ideal for beginners
• Competitive ECN super-tight spreads
• Regulation under Kenya’s CMA and Equiti group backing
• Diversity of funding options, including mobile money
• Zero inactivity, deposit, or withdrawal fees

Weaknesses

• No tier-1 regulation (e.g., FCA, ASIC)
• Limited educational content compared to larger brokers
• No crypto trading or futures
• Premiere account commission is modestly higher (~$7 per lot)
• Regional support restricted outside CMA jurisdiction

Ideal Trader Profiles

• New Traders: low barrier to entry, African-friendly funding
• Mid-level Traders: balance between cost and platform capabilities
• High-Volume Traders: select ECN for tight spreads and liquidity
• Regional Traders: benefit from CMA oversight and local operations
• Fund Managers: MAM support for multi-account setups

Less suitable for:

• Traders needing regulation under tier-1 authorities
• Cryptocurrency or futures market participants
• Users seeking comprehensive educational tools

Conclusion

EGM Securities offers reliable, low-cost access to global financial markets through trusted MetaTrader platforms. With Kenya’s CMA regulation and Equiti Group support, it delivers a credible option for African and global retail traders. Low entry requirements, competitive ECN pricing, and versatile funding methods are key advantages. However, traders seeking top-tier regulatory protection, crypto trading, or extensive learning materials may prefer larger global platforms.

EGM is best suited to those who trade forex and CFDs regularly, value cost-effective execution, and prefer a broker with regional roots and straightforward offering.

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