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Exinity East Africa Limited Review

Exinity East Africa Limited Review

Overall, Exinity is very competitive in terms of its trading fees and spreads. Exinity offers 3 retail accounts on two different trading platforms. Exinity has no hidden trading fees and is considered a trustworthy and reliable broker and offers 24/7 customer support. Exinity is currently not regulated by the CMA of Kenya

Updated : August 30, 2022

Jump to:

Regulation and Safety of Funds

Account Types and Features

Account Registration

Range of Markets

Fees

Deposits and Withdrawals

Education and Research

Affiliate Program

Final Verdict

Pros and Cons

FAQ

Overall Rating

Min Deposit

Regulators

Trading Desk

Crypto

Yes

Total Pairs

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

on Exinity’s Website

Exinity East Africa Limited Overview

Exinity Review Overview

👉 According to research in Kenya, Exinity started in June 2021 and joins sister businesses Alpari and FXTM as the third broker controlled by the renowned Exinity Group. It offers traders three fascinating products, a competitive pricing environment, and high leverage, making it a perfect platform for both novices, scalpers, and other types of forex and CFD traders.

👉 In November 2020, Exinity Group received its license from the Capital Markets Authority (CMA) in Kenya to provide trading products and solutions to Kenyan traders. As a non-dealing forex broker, Exinity joined only a few other CMA-regulated brokers to provide trading services to retail traders in Kenya.

👉 The new license was the latest addition that Exinity Group obtained in the overall African continent, in combination with licenses and regulation from the Financial Sector Conduct Authority (FSCA) in South Africa, and the Financial Services Commission (FSC) in Mauritius.

👉 This Exinity review will provide traders with the details that they need to consider whether the broker is suited towards their unique trading objectives and needs.

Distribution of Traders

👉 The distribution of traders with Exinity is as follows:

➡️️​ Kenya – 21.58%

➡️️​ Russian Federation – 16.02%

➡️️​ Algeria – 11.89%

➡️️​ Cyprus – 7.18%

➡️️​ Saudi Arabia – 6.62%

Exinity Review Overview Distribution of Traders

Popularity among traders who choose Exinity

🥇 Exinity has an extremely large market share in Kenya amongst both retail and institutional clients. Exinity is one of the best forex and CFD brokers for Kenyans despite their trading objectives, needs, or unique styles.

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Exinity At a Glance

🏛 HeadquarteredAbu Dhabi, Kenya, United Kingdom
🏙 Kenyan Based OfficeYes
✅ Accepts Kenyan Traders?Yes
🗓 Year Founded2021
📞 Kenyan Office Contact Number+254 207 640 415
🤳 Social Media Platforms• LinkedIn
• Twitter
• YouTube
• Instagram
• Facebook
⚖️ RegulationFSC, FSRA, CMA, FCA, FSCA
🪪 License Number• Mauritius (FXTM) – C119470 C1/GBL, FSC C113012295
• UAE – Reg no. 000004692, FSRA 200015
• Kenya – License number 135 as ForexTime
• United Kingdom – 10599136, FCA 777911
• South Africa (FXTM) – FSP 46614
⚖️ CMA RegulationYes
🚫 Regional RestrictionsUnited States, Japan, Canada, Mauritius, Haiti, Hong Kong, Suriname, the Democratic of Korea, Puerto Rico, The Occupied Area of Cyprus
☪️ Islamic AccountYes
💻 Demo AccountYes
🛍 Retail Investor Accounts3
📊 PAMM AccountsNo
🤝 Liquidity ProvidersTop-rated global banks
💸 Affiliate ProgramYes
📲 Order ExecutionMarket
📊 Average spread0.0 pips
📞 Margin Call100%
🛑 Stop-Out50%
Crypto trading offered?No
💰 Offers a Kenyan shilling Account?No
👨‍💻 Dedicated Kenyan Account Manager?No
📊 Maximum Leverage1:500 (Professional), 1:2000 (Retail)
🚫 Leverage Restrictions for Kenya?No
💰 Minimum Deposit (KES)2,200 KES, equivalent to $20
✅ Kenyan shilling Deposits Allowed?Yes
📊 Active Kenyan Trader Stats70,000+
👥 Active Kenyan-based Exinity customersUnknown
💳 Kenya Daily Forex Turnover$100 million+
💵 Deposit and Withdrawal Options• Debit Card
• Credit Card
• Bank Wire
• Neteller
🏦 Segregated Accounts with Kenyan Banks?Yes
📊 Trading Platforms• MetaTrader 4
• MetaTrader 5
✔️ Tradable Assets• Forex
• Precious Metals
• Energies
• Commodities
• Indices
• Equity CFDs
• Stocks
💸 Offers USD/KES currency pair?No
📈 USD/KES Average SpreadN/A
📉 Offers Kenyan Stocks and CFDsYes
🗣 Languages supported on WebsiteEnglish, Arabic
📞 Customer Support LanguagesMultilingual
⏰ Customer Service Hours24/7
👥 Kenyan-based customer support?No
✅ Bonuses and Promotions for KenyansNo
📚 Education for Kenyan beginnersYes
📱 Proprietary trading softwareNo
💰 Most Successful Kenyan TraderPatrick Mahinge (Net Worth – Private)
✅ Is Exinity a safe broker for Kenyans?Yes
📊 Rating for Exinity Kenya5/10
🤝 Trust score for Exinity Kenya54%
👉 Open an account👉 Open Account

Regulation and Safety of Funds

Exinity Review Overview Regulation And Safety

👉 Exinity has the following regulations and authorizations:

➡️️​ Exinity Limited is registered under C119470 C/GBL in Mauritius and regulated by the Financial Services Commission of the Republic of Mauritius under license number C113012295.

➡️️​ Exinity ME Ltd is a company that is registered in the UAE under 000004692 and is regulated as well as authorized by the Financial Services Regulatory Authority (FSRA) under permission number 200015. In addition, Exinity ME Ltd is a duly licensed Category 3A Firm that can provide financial products along with services to those who qualify as professional clients.

➡️️​ In 2020, Exinity Group obtained a license from the Capital Markets Authority (CMA) to provide services and solutions as a non-dealing forex broker under the license number 135, under Forex Time.

➡️️​ Exinity UK Limited is registered under 10599136 in the United Kingdom, regulated by the strict Financial Conduct Authority under license number 777911.

➡️️​ Exinity is regulated under FXTM with the Financial Sector Conduct Authority (FSCA) in South Africa with Financial Service Provider (FSP) license 46614.

 

👉 Exinity keeps all client funds in segregated accounts, separate from its operational funds. In addition, the broker is a member of an investor compensation scheme, providing eligible clients insurance and compensation if the broker is unable to meet its financial obligations.

Account Types and Features

Exinity Review Overview Account Types

👉 Exinity offers two main type of trading accounts that cater to the unique needs and objectives of retail traders and institutional investors in Kenya. Each trading account provides traders with a range of features and benefits that will help them add a competitive edge to their trading.

 

👉 Exinity has the following live retail trading accounts:

 ➡️️​ Exinity World

 ➡️️​ Exinity Trader

 ➡️️​ Exinity Trader Pro

 

Live Trading Accounts

Exinity World

Exinity Review Overview Exinity World

👉 This account is an entry-level account that is specially designed for beginner traders who are still learning to navigate the world of trading. The following features apply to this account:

➡️ A minimum deposit of 2,200 KES or an equivalent to $20

➡️ Flexible leverage up to 1:1000

➡️ Analyst sentiment

➡️ Research Analysis and Market Insights

➡️ 24-hour support

➡️ Risk Management Tools

➡️ Access to a personal account manager

➡️ The regulator for this account is the FSC in Mauritius

 

Exinity Trader

Exinity Review Overview Exinity Trader Account

👉 This is an extremely flexible trading account type that suits most traders despite their trading styles and strategies. This account type includes the following benefits and features:

➡️️​ Full segregation of client funds

➡️️​ Flexible leverage up to a maximum of 1:2000, suiting the trader’s unique style

➡️️​ A minimum deposit from 11,400 KES or an equivalent to $100

➡️️​ Access to group workshops that are presented by the Exinity Market experts

➡️️​ Analyst sentiment

➡️️​ Research Analysis and Market Insights

➡️️​ 24-hour support

➡️️​ Risk Management Tools

➡️️​ Access to a personal account manager

➡️️​ The regulator for this account is the FSC in Mauritius

 

Exinity Trader Pro

Exinity Review Overview Exinity Trader Pro Account

👉 This is an ADGM-regulated professional account that provides its traders with the following unique features:

➡️ The option to access personalized swap-free trading arrangements

➡️ A minimum deposit requirement of 1,100,000 KES equivalent to $10,000

➡️ Exclusive invitations to attend VIP functions and events along with Exinity market experts

➡️ Access to either MetaTrader 4 or MetaTrader 5

➡️ Competitive trading conditions

➡️ Analyst sentiment

➡️ Research Analysis and Market Insights

➡️ 24-hour support

➡️ Risk Management Tools

➡️ The regulator for this account is the ADGM in Abu Dhabi

 

Demo Account

Exinity Review Overview Demo Account

👉 A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital. 

 

👉 There is a certain degree of risk involved when trading financial markets and Exinity offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.

 

Islamic Account

Exinity Review Overview Islamic Account

👉 Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.

 

👉 This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.

 

👉 Muslim traders who follow the Sharia law have the option to access Swap-free benefits on the Exinity Trader Pro account. However, with Exinity, Muslim traders are only allowed to hold positions for up to seven days on the swap-free account and after this time expires, Muslim traders will be subject to swap-free fees.

Account Registration

Exinity Review Overview Account Registration

👉 To start trading with Exinity, Kenyan traders can simply register an account from the homepage, provide a few details, and provide proof of their identity and proof of residence. Once the application and the documentation have been verified, the trading account will be approved, and traders can deposit the minimum deposit to start trading.

 

How to Register Your Account 

👉 Step 1 – Go To The Official Exinity Website 

➡️ Click on “Join Exinity” in the top right corner. 

Exinity Review Overview How to Register Your Account Step 1

 

👉 Step 2 – Fill Out Your Details 

➡️ Fill out your personal information such as your country of residence, email address, country code and create a password for your account.  

Exinity Review Overview How to Register Your Account Step 2

 

👉 Step 3 – Verify Your Email Address

➡️ Check your email address, for a verification pin. 

Exinity Review Overview How to Register Your Account Step 3

 

👉 Step 4 – Your Account Has Been Successfully Created

➡️ You can now use your account to trade. 

Exinity Review Overview How to Register Your Account Step 4

Exinity Vs Exness Vs FXPesa – Broker Comparison

ExinityExnessFXPesa
⚖️ RegulationFSC, FSRA, CMA, FCA, FSCAFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCACMA, FCA
📱 Trading Platform• MetaTrader 4
• MetaTrader 5
• MetaTrader 5
• MetaTrader 4
FXPesa Mobile
• MyFXPesa
• MetaTrader 4
• MetaTrader 5
💰 Withdrawal FeeNoNoYes
📊 Demo AccountYesYesYes
📈 Minimum Deposit2,200 KES

1,100 KES500 KES
📈 Leverage1:2000Unlimited1:400
📊 Spread0.0 pipsVariable, from 0.0 pips0.0 pips
💰 Commissions$4 per lotFrom $0.1 per side, per lotFrom $7
✴️ Margin Call/Stop-Out100%/50%60%/0%100%/30%

✴️ Order ExecutionMarket

MarketMarket
💳 No-Deposit BonusNoNoNo
📊 Cent AccountsNoYesNo
📈 Account Types• Exinity World
• Exinity Trader
• Exinity Trader Pro
• Standard Account
• Standard Cent Account
• Raw Spread Account
• Zero Account
• Pro Account
• Executive Account
• Premiere Account
⚖️ CMA RegulationYesNoYes
💳 KES DepositsYesYesYes
📊 Kenyan shilling AccountNoYesNo
👥 Customer Service Hours24/724/724/7
📊 Retail Investor Accounts353
☪️ Islamic AccountYesYesYes

Overall Rating

Min Deposit

Regulators

Trading Desk

Crypto

Yes

Total Pairs

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

on Exinity’s Website

Trading Platforms

Exinity Review Overview Trading Platforms

 

👉 With Exinity, Kenyan traders can choose between MetaTrader 4 and MetaTrader 5 trading platforms. These are presented across desktop, web, and mobile trading platforms, featuring over 25,000 collective plugins and expert advisors.

 

Desktop and Web-based Platforms

Exinity Review Overview Desktop And Web Based Platforms

👉 Kenyan traders can choose between Exinity’s MetaTrader 4 and MetaTrader 5 trading platforms. Both platforms are well-known in the market and can be downloaded for free on a PC desktop computer. They are also compatible with trading on almost any major web browser.

 

👉 Some typical features on MetaTrader 4 include:

➡️ 9 timeframes

➡️ Live news feeds

➡️ Customizable charting

➡️ Several order types

➡️ More than 30 technical indicators

➡️ Expert Advisors, and more.

 

👉 Some features on MetaTrader 5 include:

➡️ One-click trading

➡️ Virtual hosting that is built into the platform

➡️ Copy-trading opportunities

➡️ Integrated market news

➡️ A built-in economic calendar

➡️ Additional technical indicators

➡️ Customizable charts and the ability to view 100 simultaneously, and more.

 

Trading App

Exinity Review Overview Trading App

👉 Mobile versions of MetaTrader 4 and MetaTrader 5 are also available. For Apple (iOS) and Android smartphones, the applications are free to download. A few analytical tools, indicators, and charting customization choices are missing from the mobile applications, but the overall capability is still quite competitive for mobile platforms.

 

Range of Markets

Exinity Review Overview Range of Markets

👉 Exinity offers the following range of markets to Kenyan traders:

➡️ Forex

➡️ Precious Metals

➡️ Energies

➡️ Commodities

➡️ Indices

➡️ Equity CFDs

➡️ Stocks

Exinity Broker Comparison for Range of Markets

ExinityExness FXPesa
➡️️​ ForexYesYesYes
➡️️​ Precious MetalsYesYesYes
➡️️​ ETFsNoNoNo
➡️️​ CFDsYesYesYes
➡️️​ IndicesYesYesYes
➡️️​ StocksYesYesYes
➡️️​ CryptocurrencyNoNoNo
➡️️​ OptionsNoNoNo
➡️️​ EnergiesYesYesYes
➡️️​ BondsNoNoNo

Trading and Non-Trading Fees

Spreads

Exinity Review Overview Spreads

👉 The spreads that Exinity charges include some of the following:

➡️ EUR/USD – with typical spreads from 0.0 pips

➡️ GBP/USD – from 0.2 pips

➡️ USD/JPY – from 0.0 pips

➡️ XAG/USD – from 23 pips

➡️ XAU/EUR – from 70 pips

➡️ Apple stocks from 1 pips per share

➡️ Kenya – Safaricom PLC – from 19 pips

➡️ Kenya – Equity Group – from 57 pips

➡️ Apple Stock CFDs – from 3 pips

➡️ USD Index – from 1 pip

➡️ AUD Index – from 1.5 pips

➡️ Share Baskets – MobileID from 7 pips

 

Commissions

Exinity Review Overview Commissions

👉 Some typical commissions that traders can expect from Exinity include:

➡️ EUR/USD – $4 per lot

➡️ GBP/USD – $4 per lot

➡️ XAG/USD – $4 per lot

➡️ XAU/USD – $4 per lot

➡️ Kenyan Stocks – 3.08% average with an additional $0.08 fixed charged per closed trade on some instruments.

➡️ Kenyan Stock CFDs – 3.08% with an additional $0.08 fixed charge per closed transaction.

 

Overnight Fees, Rollovers, or Swaps

Exinity Review Overview Overnight Fees

👉 A fee is applied to positions that stay open overnight (22:00 GMT) for non-Islamic accounts. If positions are held over the weekend, a ‘swap’ fee of three days will be assessed on Wednesdays.

 

👉 Exinity charges overnight fees according to the financial instrument that is being held open, the position type (short or long) and the overall position size. The following are typical swap fees on popular instruments:

➡️ EUR/USD – a short swap of -0.06 and a long swap of -0.61

➡️ GBP/USD – a short swap of -0.41 and a long swap of -0.44

➡️ USD/JPY – a short swap of -0.48 and a long swap of -0.22

➡️ XAG/USD – a short swap of -0.03 and a long swap of -0.06

➡️ XAU/USD – a short swap of -5.30 and a long swap of -10.90

➡️ Apple stocks – a short swap of -3.07% and a long swap of -3.07%

➡️ Visa stocks – a short swap of -3.07% and a long swap of -3.07%

➡️ Kenyan Stocks – typical short swaps of -7% and long swaps of -7%

➡️ AUD Index – a short swap of -10.11 and a long swap of -9.03

➡️ EUR Index – a short swap of -4.35 and a long swap of -11.47

➡️ USD Index – a short swap of -9.85 and a long swap of -5.35

➡️ Share Baskets – a typical short swap of -3.59 and a long swap of -4.88

Deposits and Withdrawals

Exinity Review Overview Deposits And Withdrawals

👉 Exinity offers the following deposit and withdrawal methods:

➡️ Debit Card

➡️ Credit Card

➡️ Bank Wire

➡️ Neteller

 

How to Deposit Funds with Exinity

👉 To fund the trading account, Kenyan traders need to have a verified and approved live trading account. Once logged into their account, Kenyan traders can navigate to the deposit section, choose their preferred method, account currency, and the amount they wish to deposit per the account type they selected.

 

How to Deposit Funds with Exinity 

👉 Step 1 – Go to the official Exinity Website

➡️ Click on “Log In” and sign in to your account. 

Exinity Review Overview How To Deposit Funds Step 1

 

👉 Step 2 – Click on “My Money”

➡️ Click on “My Money” and deposit your funds into the account. 

Exinity Review Overview How To Deposit Funds Step 2

 

How to Withdraw Funds with Exinity

👉 Withdrawal of funds works in the same way as deposits and traders must have a verified account to withdraw funds. Traders must note that, by default, the deposit method they used to fund the account will be used to withdraw funds.

How to Withdraw Funds From Your Account

👉 Step 1 – Go to the official Exinity Website

➡️ Click on “Log In” and sign in to your account. 

Exinity Review Overview How To Withdraw Funds Step 1

 

👉 Step 2 – Click on “My Money”

➡️ Click on “My Money” and withdraw the funds from your account.

Exinity Review Overview How To Withdraw Funds Step 2

Exinity Education and Research

Exinity Review Overview Education

👉 Exinity offers the following Educational Materials:

➡️ Understanding the Markets

➡️ Learning from Experience

➡️ Understanding Risks and Returns

 

👉 Exinity offers Kenyan traders the following Research and Trading Tools:

➡️ Analysis and Forecasting

➡️ What the experts say and meeting Exinity experts

➡️ Daily Market Analysis

➡️ Analyst Sentiment

➡️ Market News

➡️ Economic Calendar

➡️ Opportunity Indicator

➡️ Market Analyser

➡️ Active Risk Management

Exinity Affiliate Program

Exinity Review Overview Affiliate Program

👉 Exinity has overall more than 20 years collective experience in providing partners the necessary support they need. In addition, Exinity offers their affiliates new products that can be presented to their clients, and this includes access to new geographies, deepened customer relationships, and increased revenue.

 

👉 Exinity’s partner program includes bespoke trading solutions that offer advanced and comprehensive solutions to businesses, co-branded, and white-label versions of Exinity’s award-winning retail trading as well as investment solutions.

Verdict on Exinity

👉 Among the many benefits that Exinity provides to traders is its ECN pricing model, well-known platforms, and swap-free, halal trading. The broker is fully licensed with no issues about its validity. By creating separate client accounts with top-tier banks and financial institutions, Exinity assures the safety of its customers’ assets.

 

👉 Safety measures like as negative balance protection and personal account managers are provided by the broker. Deposit and withdrawals are fee-free on all payment methods including debit/credit cards, bank wires, and Neteller. Multilingual customer service is also available around the clock, with the benefit that Exinity has a local office in Nairobi, Kenya.

Exinity Current Popularity Trend

👉 According to Google Trends, “Exinity” has a massive global ranking online. 

Exinity Review Overview Trends

Exinity Pros and Cons

✔️ Pros❌ Cons
Exinity is well-regulated in several regions by reputable regulatory entities, including the CMALimited base account currencies
There are powerful platforms offered through MetaTraderKenyan traders cannot register an account with KES as the base account currency
Negative balance protection is providedLimited trading platforms
The commission charges on trades are lower than competitorsThere is no proprietary trading platform
There is flexible leverage with competitive ECN pricing and execution
There is a comprehensive affiliate program offered by Exinity
Kenyan traders can use local deposit and withdrawal methods

Overall Rating

Min Deposit

Regulators

Trading Desk

Crypto

Yes

Total Pairs

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

on Exinity’s Website

Frequently Asked Questions

 

Is Exinity regulated and by whom?

Yes, Exinity is regulated by FSC, FSRA, CMA, FCA, FSCA.

Which trading platforms are supported by Exinity?

Exinity supports the use of these trading platforms:

  • MetaTrader 4
  • MetaTrader 5

Does Exinity offer a Demo Account?

Yes, Exinity offers a demo account.

What is the overall rating for Exinity out of 10?

The overall rating for Exinity is 5/10.

Is Exinity suitable for beginner and professional traders?

Yes, Exinity is an ideal broker that can be used by beginner and professional traders.

 

9/10 - (2 votes)