EGM Securities is a Kenya-based online trading broker that gives traders the opportunity to trade several financial markets, such as forex, precious metals, indices, commodities, CFDs, and more. Trades are carried out using the MetaTrader 4 trading platform, which is available in the desktop, web, and mobile versions. Traders benefit from a selection of useful trading and learning tools, while a client support team is available to aid them. The minimum deposit required to operate a live trading account is $5. A commission fee of $7 is charged on trades and leverage of up to 1:400 is available.
EGM Securities Review Introduction
In this EGM Securities review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including EGM Securities.
EGM Securities Platforms & Tools
EGM Securities’ clients can trade the various available financial assets using the MetaTrader 4 trading platform. It is an advanced trading platform that was developed in 2005 by the Russian software company, MetaQuotes. The platform is designed to suit traders of all levels with a user interface that is user-friendly yet packed with versatile functionalities. The MT4 trading platform is available as a desktop application for Windows and Mac computers and a mobile app for Android and iOS devices. There is also the web version that can run directly on most modern web browsers, including Chrome, Safari, Firefox, and Edge.
In addition to the vast trading tools built into the MT4 trading platform, the broker provides traders with some standalone trading tools for an enhanced trading experience. Some of the tools include an Economic Calendar, Trading calculators, and more.
EGM Securities Research & Education
The broker helps traders to improves their knowledge of the financial markets by providing them with some useful learning materials, such as press releases, blogs, an FAQ section, and newsfeeds that keep them informed on the latest happenings in the markets.
EGM Securities Trading Accounts
Clients can choose the account type that is most suitable for them from a choice of two trading account options, namely: Executive ($5) and Premiere ($100) Accounts. The accounts offer tight spreads from 0 pips and leverage of up to 1:400. There is also the demo account that is designed specifically for practice purposes.
EGM Securities Account Funding
The following payment methods are accepted for both account deposits and withdrawals at EGM Securities: bank wire transfer, credit/debit cards, mobile payments, and E-wallets.
EGM Securities Customer Service
The broker offers a knowledgeable client support team to respond to clients’ trading inquiries. The team can be contacted through telephone, email, Live Chat, and social media.
EGM Securities Regulation
EGM Securities is the trading name of EGM Securities Limited with the company registration number: PVT-AAAFF7. It is authorized and regulated by the Capital Markets Authority, which is the government’s regulator that is charged with licensing and regulating the capital markets in Kenya.
EGM Securities Review Summary
EGM Securities is an online trading broker that was launched in 2018 in Nairobi, Kenya. The broker offers various financial assets for trading online using the MT4 trading platform. Traders are also provided with a selection of useful trading and learning tools, and there is also a client support team available to assist traders. There are multiple trading account types to choose from.
It is worth mentioning that some of the trading products and services in this EGM Securities review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the EGM Securities broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage 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.