FXPesa Basics
| 🏛️ Based in | Limassol, Cyprus |
|---|---|
| ⚖️ Regulation | CMA, FCA |
| 💰 Minimum Deposit | $5 |
| 💳 Deposit Options | VISA, MasterCard, Neteller, Skrill, Bank Wire, M-Pesa, EAZZYPAY, & more. |
| 💳 Withdrawal Options | VISA, MasterCard, Neteller, Skrill, Bank Wire, M-Pesa, EAZZYPAY, & more. |
| 📌Open an account | Start Trading with FxPesa |
FxPesa was first launched in 2016. It is a regulated forex broker based in Kenya and offers its online trading services to the East African market. Despite being a relatively new broker, FxPesa has already gained a good reputation for being a reliable provider.
FxPesa puts a lot of effort into customer experience. Their goal is to give traders access to great trading conditions and account options. As such, they have a competitive offering with two primary account types. They provide access to over 200 trading instruments – including all major forex pairs. They also offer low-cost trading with small minimum deposits, tight spreads, and low commissions.
FxPesa also puts a lot of effort into education and trading support. Their goal with this is to help traders get the skills they need to become successful. They offer a great selection of educational resources including webinars, eBooks, guides, glossaries, and infographics. When it comes to trading tools, they offer access to one of the world’s best trading platforms – MetaTrader4. This, in combination with their great trading conditions, enables them to offer an all-round good trading experience.
Trading Instruments
FxPesa offers 200+ trading instruments across 4 asset classes. You can choose from 5 trading instruments including forex pairs, shares, indices, and commodities. This is what is on offer:
- Forex: FxPesa offers 66 currency pairs including majors, minors and exotic pairs. You can choose all the most popular pairs including EURUSD, GBPUSD, and USDCAD.
- Commodities: FXPesa offers CFD trading on many commodities including Silver, Gold, Platinum, and Oil. Their commodities trading comes with great trading conditions.
- Indices: FxPesa has CFD trading on multiple indices including France40, Japan225, Germany 30, France 40, EU Stocks 50, UK 100, Hong Kong 50, and US SPX 500.
- Shares: FxPesa offers CFD trading on a wide range of US shares, EU shares, and UK shares. You can trade many popular shares including as Meta, Tesla, and BMW.
Account Types
| Type | Spreads | Min. Deposit | Max. Leverage | Commission |
|---|---|---|---|---|
| Executive | From 1.4 pips | $5 | 1:400 | $0 |
| Premiere | From 0.0 pips | $100 | 1:400 | $7 per lot |
Conclusion
FxPesa is a new, reliable forex broker serving the local market. They endeavour to provide the best possible trading conditions and to succeed in offering two great, low-cost account options. As a regulated company, they also provide a secure trading environment and excellent client fund protection. They also place a high value on forex education, trading support, and customer support.
Ready to start trading? Open an FxPesa trading account. Looking for more information? Check out our other forex broker reviews.