Global Broker Regulation Inquiry App
WikiFX
Broker Search
English
Download
Home
Broker
Market
Rankings
Regulators
VPS
Live
Community
Exposure
News
Prop Trading
WikiEXPO
Field Survey
Education
Swift Codes
Financial Calendar
Newsletter
Tools
Video
Wiki Q&A
Home -
Broker -
EGM Securities -

Score

0 1 2 3 4 5 6 7 8 9
.
0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

EGM Securities

Kenya | 5-10 years |
Suspicious Regulatory License | White label MT4 | Global Business | High potential risk

https://www.egmsecurities.com/

Website
Open Account Time Machine

Rating Index

MT4/5 Identification

MT4/5

White Label

EGMSecurities-Demo

United Kingdom
MT4
68

Influence

C

Influence index NO.1

Kenya 3.18

MT4/5 Identification

MT4/5 Identification

White Label

68
Server Name
EGMSecurities-Demo MT4
Server Location United Kingdom

Influence

Influence

C

Influence index NO.1

Kenya 3.18
Surpassed 23.70% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+254 730 676 002
support@egmsecurities.com
https://www.egmsecurities.com/
12th floor, Tower 2, Delta Corner Towers, Waiyaki Way, Westlands, Nairobi

Licenses

No valid regulatory information, please be aware of the risk!

Warning: Low score, please stay away!
2025-09-13
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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
Company Website
https://www.egmsecurities.com/
Account
Related Software
Biz Area
Website
Company Summary
Wiki Q&A
Comment
MT4/5
White Label MT4
White Label MT5
2
MT4 Servers
2
MT5 Servers
125.60
velocityIcon
Average execution speed/ms

Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong

Meta Trader 4
Perfect
Meta Trader 5
Perfect

Users who viewed EGM Securities also viewed..

XM

9.10
Score
ECN Account 15-20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
XM
XM
Score
9.10
ECN Account 15-20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Details
Official website

Exness

9.01
Score
ECN Account 10-15 yearsRegulated in United KingdomMarket Maker (MM)MT4 Full License
Exness
Exness
Score
9.01
ECN Account 10-15 yearsRegulated in United KingdomMarket Maker (MM)MT4 Full License
Details
Official website

TMGM

8.55
Score
ECN Account 10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
TMGM
TMGM
Score
8.55
ECN Account 10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Details
Official website

IC Markets Global

9.09
Score
ECN Account 15-20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
IC Markets Global
IC Markets Global
Score
9.09
ECN Account 15-20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Details
Official website

Website

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

Company 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
MT4✔Mobile/Desktop/TabletBeginners
MT5✔Mobile/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

Wiki Q&A

Nali5689
Within 1 year

Which types of trading instruments does EGM Securities offer, such as forex, stocks, indices, cryptocurrencies, and commodities?

WikiFX Reply
In my experience with EGM Securities, I observed that they provide access to a decent variety of trading instruments. Specifically, I found that the broker offers trading in forex (currencies), commodities, shares (stocks), indices, and ETFs. However, one notable limitation is that they do not support trading in cryptocurrencies, bonds, options, or mutual funds. For me, variety in instruments can be useful for strategic diversification or adapting to changing market conditions, but I always assess this in context with the broker’s overall transparency and reliability. What stands out with EGM Securities is their broad coverage within the available categories: over 60 currency pairs, several precious metals, more than 30 CFDs, and more than 240 shares. That breadth might appeal to traders who want flexibility to shift between asset classes. As someone who values risk management, it's important for me to underline that access to high leverage (up to 1:400) can magnify both profits and losses, which is especially relevant when dealing with volatile commodities or forex pairs. Ultimately, while the range of instruments is robust for currency, commodities, shares, and indices, I am always cautious given the broker’s lack of recognized regulation. For me, instrument availability is only valuable when matched by strong safety controls and clear disclosures.
Broker Issues
EGM Securities
Instruments
Platform
Account
Leverage
In a week
United States
Serious74
Within 1 year

Is it possible to deposit funds into my EGM Securities account with cryptocurrencies such as Bitcoin or USDT?

WikiFX Reply
In my experience as a forex trader, one of the practical considerations before choosing a broker is the range of supported deposit methods. With EGM Securities, I found that they do accept a variety of payment options for both deposits and withdrawals. Importantly for those interested in digital assets, the available information indicates that EGM Securities supports deposits via crypto wallets, which would typically cover popular cryptocurrencies like Bitcoin and USDT. However, although this feature enhances convenience and flexibility for funding accounts, I approach it cautiously. The most critical factor for me is safety. EGM Securities currently operates without regulation, despite its claims to be licensed by Kenya’s Capital Markets Authority. In the absence of a recognized regulatory framework, any deposits—including those made with cryptocurrencies—carry heightened risks. Cryptocurrency transactions are usually irreversible, which could present complications if issues arise. While the platform’s support for crypto deposits can be attractive, I personally put significant emphasis on choosing brokers with transparent, regulated environments. If you are considering depositing with crypto into EGM Securities, it’s essential to be very conservative, ensure you fully understand their terms and the risks, and never deposit more than you’re willing to lose. This cautious approach is how I prioritize the security of my trading capital.
Broker Issues
EGM Securities
Deposit
Withdrawal
08-30
United States
helpneeded
Within 1 year

Does EGM Securities offer a swap-free, or Islamic, account option to its traders?

WikiFX Reply
Based on my thorough review of EGM Securities using the available details, I have not found any clear or explicit mention of a swap-free or Islamic account option. As someone who has traded with numerous brokers, I consider the presence of transparent information about account types—especially those tailored for specific religious or ethical concerns—a key marker of a trustworthy broker. EGM Securities highlights many features, such as access to MT4 and MT5, a variety of tradable instruments, a competitive leverage offering, and a welcome bonus. However, I could not find any specifics about Islamic or swap-free accounts in their provided documentation or summary materials. This lack of transparency raises a caution flag for me, especially considering that EGM Securities is unregulated and has a “suspicious regulatory license” according to broker evaluations. Without clear regulatory oversight, I prefer to be cautious when considering any platform, and the absence of openly advertised Islamic account options may not meet the needs of traders with those requirements. For traders needing swap-free accounts, it is important to request explicit confirmation from the broker’s customer support before opening and funding an account, as assumptions could lead to unnecessary complications or costs. In my experience, it’s always safer to choose brokers who clearly display such critical account details and hold robust regulatory licenses.
Broker Issues
EGM Securities
Leverage
Account
Platform
Instruments
08-27
United States
Karoline Hardy
Within 1 year

Considering your evaluation and what reviews suggest, how legitimate do you believe EGM Securities is?

WikiFX Reply
Reflecting on my own experience and careful analysis, I have serious reservations about the legitimacy and overall safety of EGM Securities. The broker has been operating for five to ten years and does offer both MT4 and MT5 platforms, along with a relatively broad selection of tradable instruments and deposit methods. I recognize these can be attractive features for many traders, and I personally appreciate platform choice and asset diversity. However, the most significant red flag for me—one I never overlook—is the firm’s lack of valid regulatory oversight. Despite some claims regarding Kenyan regulation, WikiFX clearly highlights that EGM Securities currently operates without genuine regulatory authorization. In the forex industry, regulation is foundational to trader protection, dispute resolution, and ensuring proper segregation of client funds. Without it, I believe risks such as mismanagement of funds, unfair trading practices, and difficulties in withdrawals become much more pronounced. While the presence of demo accounts, 24/6 customer support, and seemingly competitive trading conditions might appeal to less experienced traders, for me, these benefits cannot offset the fundamental risk of working with an unregulated entity. Positive user feedback does exist, yet it is minimal and does not mitigate the larger concerns about oversight. In my view, EGM Securities cannot be considered fully legitimate or trustworthy without established, transparent regulatory backing. For my own trading, and for the safety of my capital, I would choose to avoid such risk until clear, verifiable oversight is in place.
Broker Issues
EGM Securities
Regulation
08-08
United States
View More

User Reviews 2

All (2) Positive (2)
King Sen Tan
6-10 years
Positive
Nice Broker, that offers both Mt4 and Mt5 trading platforms. It is always good to have a versatile broker. I prefer trading using Mt5 with EGM Securities because I can use Sell-Stop Limits and Buy-Stop Limits orders, my friend on the other hand prefers Mt4 with the old-fashioned limit and stop orders.
2023-03-15

Nigeria
yaoyao
6-10 years
Positive
EGM Securities offers MetaTrader 4 and MetaTrader 5, which is an attractive point for me. But it doesn't look like it has a regulatory license... I can choose other companies, there is no need to invest here.
2023-02-20

Australia
No more
Write a review
Exposure
Neutral
Positive

Content you want to comment

Please enter...

Submit now
Write a comment
2
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
United States

  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
About Us|Contact Us|Risk Warning|Terms of Use|Privacy Policy|Search call|WikiFX(Enterprise Edition)|Official Verification|WikiEXPO|WikiResearch|VPS Help|Cooperation|Regional Divisions|
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline：006531290538
Official Email：support@wikifx.com；
Mobile Phone Number：234 706 777 7762；61 449895363
Telegram：+60 103342306
Whatsapp：+852-6613 1970；
License or other information error corrections, please send the information to：qawikifx@gmail.com
Cooperation：fxeyevip@gmail.com