Established in 2016 and headquartered in Nairobi, Kenya, EGM Securities is a forex broker regulated by the Capital Markets Authority (CMA) of Kenya. As one of the few brokers authorized in the region, EGM Securities operates under a non-dealing desk (NDD) model, which facilitates direct access to interbank market exchange rates. This regulatory oversight provides clients with a sense of security, as client funds are kept in segregated accounts to ensure their safety. EGM Securities is part of the Equiti Group, which enhances its credibility in the global forex trading landscape, despite some concerns regarding the effectiveness of local regulations compared to stricter jurisdictions like the FCA in the UK.
EGM Securities offers a diverse range of trading instruments, including over 60 currency pairs, commodities, indices, and CFDs. Traders can utilize the popular MetaTrader 4 platform, known for its user-friendly interface and advanced trading tools. The broker also provides competitive spreads, starting from 0.0 pips on certain accounts, and leverage options up to 1:400, making it appealing for both novice and experienced traders. Customer support is available 24/6, although experiences have been mixed, with some users reporting slow response times. Overall, EGM Securities presents a viable option for traders seeking a locally regulated broker with direct market access, but potential clients should remain cautious and consider the broker’s regulatory status and customer service feedback.