EGM Securities Review
EGM Securities is an online trading broker that is based in Kenya and provides traders with the intuitive MetaTrader 4 trading platform for trading various financial markets, including forex, precious metals, indices, commodities, CFDs, and more. The broker offers multiple trading account options to suit different types of traders.
EGM Securities Review, Pros & Cons
- A selection of educational resources
- A range of trading tools
- Multiple financial instruments
- MetaTrader 4 trading platform
- Limited account funding options
- No MetaTrader 5 platforms
- No USA clients
- Not the lowest spreads & commissions
In this detailed EGM Securities review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
EGM Securities Overview
EGM Securities is an online financial services provider that is reputed for being the first non-dealing online forex broker in Nairobi. The broker has several international offices and offers individual, corporate, and institutional services in a wide variety of financial instruments. They provide traders with some of the best trading platforms, along with a good range of trading and learning tools.
EGM Securities Regulation
EGM Securities is the trading name of EGM Securities Limited (Company Registered No. PVT-AAAAFF7), which is authorized and regulated by the Capital Markets Authority, the government regulator charged with licensing and regulating the capital markets in Kenya.
EGM Securities Countries
The broker does not offer its services to residents of countries or jurisdictions where the use of such services would be contrary to local laws or regulations.
Some EGM Securities features and products mentioned within this EGM Securities review may not be available to traders from certain countries because of legal restrictions.
EGM Securities Platforms
The broker provides traders with the sophisticated MT4 trading platform. It is an intuitive trading platform that is built with a range of analytical tools for beautiful trading experience. The MetaTrader 4 platform allows you to trade on a number of different devices, giving you the confidence that you have access to all your information at your fingertips so you can make manage your trading risk across your EGM Securities accounts. The MT4 platform is available as desktop, web, and mobile versions.
EGM Securities Trading Tools
Traders are provided with a range of useful trading tools, including the Trading Calculators and Economic Calendar. These tools help to enhance clients’ trading experience by promoting a seamless trading process.
EGM Securities Education
There is a good selection of educational resources on the broker’s website, and they are designed to ensure traders are always updated on the latest happenings in the financial markets. They include trading news, blogs, press releases, and an FAQ section that offers instant answers to clients’ most common questions.
EGM Securities Instruments
The following trading products are offered by EGM Securities: forex, precious metals, indices, commodities, CFDs, and more.
EGM Securities Accounts & Fees
The broker offers two account options to meet the individual trading needs of clients, and they include Executive ($5) and Premiere ($100) Accounts. Each of the accounts allows users to trade several assets on the MT4 trading platform with tight spreads from 0 pips and leverage of up to 1:400. A demo trading account is also provided to enable traders to practice risk-free trading with virtual funds before opening a real trading account.
As broker fees can vary and change, there may be additional fees that are not listed in this EGM Securities review. It is imperative to ensure that you check and understand all of the latest information before you open an EGM Securities broker account for online trading.
EGM Securities Support
The broker’s client support team can be reached via telephone, email, Live Chat, and social media.
EGM Securities Deposit & Withdrawal
The broker accepts the following payment methods for both account deposits and withdrawals:
- Bank wire transfer
- Credit/Debit Cards
- Mobile payments
There are no fees charged for deposits and withdrawals, whereas the transaction processing time may vary depending on the payment provider or method.
EGM Securities Account Opening
Account opening is easy and straightforward, simply click on the ‘Open an Account’ button and proceed to fill out the account application form, providing your personal information and other required details.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
EGM Securities Summary
EGM securities is a regulated online trading brokerage that provides traders with the sophisticated MetaTrader 4 trading platform to enable them to trade several assets online. There are multiple account options to suit different levels of traders. Traders also benefit from some useful trading tools, educational resources, and a dedicated customer support team.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.07% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.