Overall, FXPesa offers traders in Kenya a locally licensed option with CMA regulation, mobile money deposits, and account types that suit beginners and higher-volume strategies.
It’s backed by Equiti Group, supports MT4 and MT5, and offers access to global markets without excessive startup cost.
Is FXPesa legit in Kenya?
Yes. FXPesa is fully licensed by the Capital Markets Authority (CMA) under EGM Securities Ltd.
Does FXPesa accept Kenyan Shillings?
Yes. You can open an account in KES and fund it through M-Pesa or local bank transfers.
FXPesa Review Kenya: Overview And Contact Details
| Category | Details |
| 🏦 Kenya Office Address | 12th Floor, Tower 2, Delta Corner Towers, Waiyaki Way, Westlands, Nairobi |
| 📧 Email Support | support@fxpesa.com |
| 📞 Phone Support (Kenya) | Call 0800-211-185 (Toll-free) |
| 💬 Live Chat | Available via the official FXPesa website |
| ⏱️Customer Support Hours | 24/6 |
| ⏳Office Operating Hours | Monday–Friday: 9 am – 6 pm; Saturday & Sunday: Closed |
| 🌐Official Website | www.fxpesa.com |
| 🚀 Sign up | 👉 Open Account |
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How Safe Is FXPesa For Kenyan Traders?
FXPesa is licensed locally in Kenya and operates under the supervision of the Capital Markets Authority (CMA).
This matters because local oversight means FXPesa is required to meet regulatory standards that apply specifically to Kenyan financial markets.
| Regulator / Authority | Region / Country | License / Registration No. | Status / Description |
| Capital Markets Authority (CMA) | Kenya | 107 | FXPesa is licensed in Kenya under EGM Securities Ltd. |
| Financial Conduct Authority (FCA) | United Kingdom | 528328 | Equiti Capital UK Ltd holds this FCA licence. |
| Cyprus Securities and Exchange Commission (CySEC) | Cyprus | 415/22 | Equiti Global Markets Ltd is authorised in the EU. |
| Securities and Commodities Authority (SCA) | United Arab Emirates | OTC licence (April 2022) | Issued to Equiti Securities Currencies Brokers LLC. |
| Financial Services Authority (FSA) | Seychelles | SD064 | Equiti Brokerage Seychelles Ltd is regulated by the FSA. |
| Jordan Securities Commission | Jordan | – | Equiti Group Limited holds a licence in Jordan. |
| Central Bank of Armenia | Armenia | – | Equiti AM is licensed locally in Armenia. |
Is my money safe with FXPesa?
Yes. Client funds are held in segregated bank accounts with top-tier Kenyan and international banks.
FXPesa Account Options And Features Compared
FXPesa offers trading accounts that reflect how people actually trade in Kenya, whether you’re starting with nothing or scaling up with a defined strategy.
Every account supports both USD and KES as base currencies, with local funding through M-Pesa and bank transfers.
| 💻 Live Account | 💳 Minimum Deposit | 👉 Open an Account | 📊 Leverage | 💸 Commissions | 📈 Spreads | ⭐ Best For |
| Classic | No minimum deposit | 👉 Open Account | Up to 1:2000 | $0 commission | Average 1.6 pips | Ideal for new traders |
| Standard | $30 minimum deposit | 👉 Open Account | Up to 1:2000 | $0 commission | Average 1.4 pips | New to intermediate traders |
| Premier | $100 minimum deposit | 👉 Open Account | Up to 1:2000 | $3.5 per lot per side | From 0.0 pips | Advanced & high-volume traders |
| Islamic (Swap-Free) | On request | 👉 Open Account | Up to 1:2000 | Admin fee after grace period | Variable spreads | Swap-free trading |
| Micro Account | No minimum deposit | 👉 Open Account | Up to 1:500 | $0 commission | Micro lot trading spreads | Beginner traders |
Classic Account
| Account Feature | Value |
| 💻 Trading Platforms | MT5 & MQ WebTrader |
| 📉 Spread Pips | Average spreads from 1.6 pips |
| 💰 Minimum Deposit | No minimum deposit |
| 📈 Maximum Leverage | Up to 1:2000 |
| 💹 Trading Instruments | Forex, Indices, Commodities, Shares, ETFs & Cryptocurrencies |
| 🏆 Best For | Beginner and new forex traders |
| ✅ Advantages | $0 commissions, flexible leverage, instant execution, advanced analytics, live market news & mobile trading |
| 🚀 Sign Up | 👉 Open Account |
Standard Account
| Account Feature | Value |
| 💻 Trading Platforms | MT4, MT5, Equiti Trader |
| 📉 Spread Pips | From 1.4 pips |
| 💰 Minimum Deposit | None |
| 📈 Maximum Leverage | Up to 1:400 |
| 💹 Trading Instruments | Forex, indices, commodities, shares, ETFs |
| 🏆 Best For | New traders or anyone who wants a commission-free account |
| ✅ Advantages | No signup cost, no commission, full platform access, push alerts and analytics included |
| 🚀Sign up | 👉 Open Account |
Micro Account
| Account Feature | Value |
| 💻 Trading Platforms | MT5 & MQ WebTrader |
| 📉 Spread Pips | Variable spreads |
| 💰 Minimum Deposit | No minimum deposit |
| 📈 Maximum Leverage | Up to 1:500 |
| 💹 Trading Instruments | Forex, Commodities, Indices, Shares & CFDs |
| 🏆 Best For | Beginner traders & micro lot trading |
| ✅ Advantages | Trade smaller lot sizes, low risk exposure, mobile & desktop compatible, advanced analytics |
| 🚀 Sign up | 👉 Open Account |
Premier Account
| Account Feature | Value |
| 💻 Trading Platforms | MT4, MT5, Equiti Trader |
| 📉 Spread Pips | From 0.0 pips (plus commission) |
| 💰 Minimum Deposit | $100 |
| 📈 Maximum Leverage | Up to 1:400 |
| 💹 Trading Instruments | Forex, indices, commodities, shares, ETFs |
| 🏆 Best For | High-volume or cost-sensitive traders, scalpers |
| ✅ Advantages | Tightest spreads available, access to all tools, $3.5 commission per lot per side |
| 🚀Sign up | 👉 Open Account |
Demo Account
| Account Feature | Value |
| 💻 Trading Platforms | MT4, MT5, Equiti Trader |
| 🛠️ Features | $10,000 in virtual funds, real-time data, full access to trading tools |
| 🏆 Best For | Testing, practising, or running dry strategies |
| 🚀Sign up | 👉 Open Account |
Islamic Account
| Account Feature | Value |
| 💻 Trading Platforms | MT4, MT5, Equiti Trader |
| 📉 Spread Pips | Matches Standard or Premier account, with admin fees replacing swaps |
| 💰 Minimum Deposit | Matches selected live account type |
| 📈 Maximum Leverage | Up to 1:400 |
| 💹 Markets Offered | Forex, indices, commodities, shares, ETFs (subject to approved list) |
| 🏆 Best For | Traders with religious restrictions or long-hold strategies where swaps would add up |
| ✅ Advantages | No overnight interest charges, admin fees apply after grace period, visible in statements |
| 🚀Sign up | 👉 Open Account |
Can I change my FXPesa account type after opening it?
Yes. You can request an account type change by contacting FXPesa support.
FXPesa Account Opening Guide For Kenyans
Step 1: Start the Application on FXPesa’s Website
Click Start Trading on fxpesa.com to begin. You’ll be prompted to select your title, then input your:
- First name
- Middle name (optional)
- Last name
- Email address
- Mobile number
Make sure your contact details are accurate, as FXPesa uses them for account alerts and updates.
Step 2: Enter Personal and Residential Information
The following section will ask for your date of birth and nationality. After that, fill in your residential address:
- Country (autodetected, but you can update it if needed)
- Street address
- Town or city
- Postcode
You’ll also need to declare whether you are a US citizen or a tax resident of another country.
Step 3: Confirm Employment and Financial Details
FXPesa will ask you to answer two questions relating to your financial background:
- Is your initial deposit expected to be more than $500?
- Is your annual employment income more than $5,000?
These questions help FXPesa assess your account profile and trading suitability.
Step 4: Indicate Your Trading Experience
Tick yes or no based on whether you’ve traded forex or CFDs before. This section is part of FXPesa’s regulatory obligations, and it won’t affect your ability to open an account.
Step 5: Choose Your Trading Setup
Here you’ll select your:
- Preferred trading platform (MT4, MT5, WebTrader or Equiti Trader)
- Account type (Standard, Premier, or request a Swap-Free option)
- Password for logging into the client portal
- Once that’s done, submit the application.
Step 6: Upload Verification Documents
- FXPesa uses Jumio to verify new accounts. You’ll need to:
- Upload a valid passport or national ID
- Submit proof of residence (utility bill, bank statement, or any official document with your address)
The platform will guide you through each upload step with on-screen instructions.
Step 7: Wait for Confirmation
FXPesa will review your documents and send a confirmation email once the account is approved. Most accounts are verified within a business day. If anything’s missing or unclear, support may contact you for additional details.
Which Broker Should Kenyans Choose: FXPesa, Pepperstone, Or Exness?
| FXPesa | Pepperstone | Exness | |
| ⚖️ Regulation | CMA, FCA, CySEC, FSA, SCA, JSC, Central Bank of Armenia | CMA, FCA, ASIC, CySEC, DFSA, BaFin, SCB | CMA, FCA, CySEC, FSCA, FSA, FSC, CBCS, JSC |
| 📱 Trading Platform | MT4, MT5, Equiti Trader | MT4, MT5, cTrader, TradingView, WebTrader | MT4, MT5, Exness Trade App, WebTerminal |
| 💰 Withdrawal Fee | None for M-Pesa and local bank transfers | international bank transfers: $20 fee | No withdrawal fees on M-Pesa, bank, card, or crypto |
| 📊 Demo Account | Yes | Yes | Yes |
| 📈 Minimum Deposit | None (Standard), $100 (Premier) | None | $10 (Standard, Cent), $500 (Pro, Raw, Zero) |
| 📈 Leverage | Up to 1:400 | Up to 1:400 | Up to 1:400 |
| 📊 Spread | From 1.4 pips (Standard), from 0.0 pips (Premier) | From 1.0 pips (Standard), from 0.0 pips (Razor) | From 0.2 pips (Standard), from 0.0 pips (Zero, Raw) |
| 💰 Commissions | $3.50/lot per side (Premier) | AU$7 per lot per side (Razor), None (Standard) | From $0.05–$3.50/lot per side (Zero, Raw), None (Standard, Cent, Pro) |
| ✴️ Margin Call/Stop-Out | 80% / 30% | 90% / 50% (CMA requirement) | 60% / 0% |
| ✴️ Order Execution | Market execution (MT4/MT5), instant (Equiti Trader) | Market execution | Instant and market execution depending on account |
| 💳 No-Deposit Bonus | No | No | No |
| 📊 Cent Accounts | Not offered | Not offered | Yes (Standard Cent) |
| 📈 Account Types | Standard, Premier, Islamic | Standard, Razor, Islamic | Standard, Standard Cent, Pro, Raw, Zero, Islamic |
| ⚖️ CMA Regulation | Yes | Yes | Yes |
| 💳 KES Deposits | Yes (M-Pesa, bank transfer) | Yes (M-Pesa, Flutterwave) | Yes (M-Pesa, bank transfer) |
| 📊 Kenyan Shilling Account | Yes | None | Yes |
| 👥 Customer Service Hours | Mon – Fri, 8 am – 6 pm | 24/5 live chat, Nairobi office Mon – Fri, 8 am – 5 pm | 24/7 in English and Swahili |
| 📊 Retail Investor Accounts | Yes | Yes | Yes |
| ☪️ Islamic Account | Yes (swap-free on request, grace period applies) | Not available for Kenya | Yes (automatically applied to eligible Kenyan accounts) |
| 👉 Open account | 👉 Open Account | 👉 Open Account | 👉 Open Account |
FXPesa Trading Software: Platforms Available In Kenya
Trading with FXPesa means having complete control over your setup. Whether you’re after chart-heavy tools or something you can manage from your phone, there’s a platform for it. FXPesa supports both MetaTrader terminals, a native mobile app, and a fully integrated copy trading system.
MetaTrader 4 (MT4)
MT4 is a platform you’ll likely already know by name. FXPesa’s version doesn’t mess about with unnecessary tweaks or limitations. You can trade every product category FXPesa offers, on practically any device. The interface is clean, efficient, and geared towards quick, precise order placement.
Key Features
- Access to forex, indices, commodities, shares, and ETFs across global markets.
- Includes 80+ technical indicators and expert advisors for charting and automation.
- Supports one-click trading, market depth, and full trade execution history.
- Copy trading signals are available directly within the platform.
- Compatible across Android, iOS, Windows, Mac, and Linux (via WebTrader).
- Local support available from FXPesa’s Nairobi-based team.
MT4 is ideal for anyone who wants a functional, multi-device platform with automation built in, but without overcomplication.
MetaTrader 5 (MT5)
MT5 on FXPesa offers the widest product access and the most flexibility. It’s set up to handle multi-asset trading, detailed analytics, and custom automation without restrictions. The interface looks familiar if you’ve used MT4, but it has more depth.
Key Features
- Trade forex, indices, commodities, shares, ETFs, and futures from one account.
- Integrated Depth of Market tool showing active bid/ask levels by price.
- Full support for hedging and netting positions.
- Includes 88+ built-in robots, a multi-threaded strategy tester, and custom script support.
- Cross-device access on desktop, tablet, mobile, and browser.
- Built-in alerts, economic calendar, and live watchlists for all assets.
MT5 is ideal for experienced traders who need flexibility across assets, advanced charting, and custom automation support.
Equiti Trader App
FXPesa’s Equiti Trader App is fully connected to your live account, without third-party bridges. You can manage everything (trading, funding, support, even withdrawals), all from one place. It’s built specifically for mobile, but with all the trading functionality included.
Key Features
- Supports M-Pesa, Skrill, and Neteller for deposits and withdrawals.
- Includes all FXPesa asset classes: forex, indices, commodities, shares, and ETFs.
- Integrated with TradingView for professional-grade mobile charting.
- Instant trade notifications and platform alerts.
- In-app economic calendar, risk tools, and margin calculators.
- Direct support from FXPesa’s Kenyan and international teams.
Equiti Trader is ideal for mobile-first traders who want full functionality without switching between apps.
TradingView
TradingView is embedded directly into the Equiti Trader app. This gives you access to professional charting tools usually reserved for desktop use, all accessible while you’re mobile.
Key Features
- Multiple chart types, including Heiken-Ashi, Renko, and Kagi.
- Full suite of drawing tools and visual overlays.
- Baseline, area, and candlestick visual options.
- Real-time price updates and indicators.
- Charts link directly to trade execution.
- No additional plugins or external apps required.
TradingView inside Equiti Trader is ideal for chart-focused traders who want full chart access from mobile devices.
FXPesa Copy Trading
FXPesa Copy lets you follow verified traders and mirror their strategies directly to your account. It’s not a separate platform but part of FXPesa’s trading ecosystem.
Key Features
- Follow strategies across over 2,000 instruments.
- Set your lot sizes, stop losses, and risk controls.
- Leaderboard includes trader stats, win rates, and trading frequency.
- Trades from providers are mirrored in real time.
- Fully integrated with your FXPesa account and platform.
- Option to become a provider and earn from subscribers.
FXPesa Copy is ideal if you want to mirror experienced traders without actively managing positions yourself.
FXPesa Trading Instruments And Market Coverage
| Market Type | Market Description | Examples/Popular Instruments | Reasons Why Kenyan Traders Should Be Familiar With This Type |
| 🏦 Forex CFD | Trade price changes between two currencies, without owning either. | EURUSD, GBPUSD, USDJPY, EURGBP, USDZAR | FXPesa offers major, minor, and exotic pairs. Most traders start with majors due to tighter spreads and deeper liquidity. Exotics like USDZAR offer volatility and learning potential. |
| 📊 Indices CFD | Trade the overall performance of major stock markets. | US500, UK100, DE40, HK50, EU50 | Indices make it possible to take positions based on entire economies or sectors. FXPesa’s index spreads are tight, and leverage can go up to 1:400. |
| 🛢️ Commodities CFD | Trade global commodity prices across metals, oil, gas, and crops. | XAUUSD (Gold), UKOILRoll (Brent Crude), COFFEExx, XAGUSD (Silver) | Gold and oil remain among the most traded commodities globally. FXPesa includes agricultural futures like coffee, which have regional interest. |
| 📈 Stocks CFD | Speculate on share price movements without owning the underlying stock. | Tesla, Apple, HSBC, PetroChina, Tencent | FXPesa lists well-known US and Hong Kong shares, covering sectors from tech to energy. No commission is charged on US-listed shares. |
| 📊 ETFs CFD | Access industry-focused or region-specific markets through ETF contracts. | ARKInnovation, iShares Global Tech, Vanguard S&P 500, iShares MSCI Emerging Markets | ETFs offer broad market exposure through a single instrument. These can suit traders looking to track trends across tech, biotech, or global markets. |
Can I trade gold and silver with FXPesa?
Yes. Precious metals are available as CFDs.
Can I trade US stocks on FXPesa from Kenya?
Yes. FXPesa provides access to global stocks via CFDs.
What Are FXPesa’s Trading And Non-Trading Fees?
FXPesa charges spreads, commissions, overnight swap fees, inactivity penalties, and may apply costs for currency conversion or withdrawals without trading activity.
Most deposits are free, and there are no surprise monthly charges, but you must check the conditions closely before funding or holding positions long-term.
Spreads and Commission Fees
FXPesa offers two live account types. Standard is commission-free, with spreads starting from 1.4 pips. Premier charges a commission but offers tighter spreads from 0.0 pips. Here’s a quick comparison across key asset classes:
| Asset Type | Standard Account | Premier Account |
| Forex | From 1.4 pips | From 0.0 pips + $7/lot round-turn |
| Indices (e.g. NASDAQ) | From 0.8 pips | From 0.8 pips |
| Commodities | ||
| Brent Crude Oil | From 0.028 pips | From 0.028 pips |
| Gold (XAU/USD) | From 0.32 pips | From 0.32 pips |
There’s no commission charged on Standard accounts. On Premier, the $3.50 per lot per side is in line with typical ECN-style models. FXPesa doesn’t charge differently by platform, and you’ll get the same fee structure whether you use MT4, MT5, or Equiti Trader.
Overnight Fees (Swaps)
FXPesa charges overnight rollover rates when you leave positions open past market close. Whether you’re credited or charged depends on the asset, your position (long or short), and current interest rate differentials.
Swap rates are variable. You’ll see them listed directly in the trading platform before placing a trade.
For swap-free (Islamic) accounts:
- Flat administrative charges replace overnight swaps.
- Charges start after a grace period and are listed clearly by instrument.
- Wednesdays apply a triple fee to cover weekend rollover.
- FXPesa can revoke swap-free status without warning, and any unused swap credits could be forfeited.
Dormancy (Inactivity) Fees
If you leave your account untouched for 180 days, FXPesa could start charging a monthly inactivity fee. This includes accounts with no trading activity, deposits, or withdrawals.
Deposit and Withdrawal Fees
FXPesa does not charge deposit or withdrawal fees on its side for most methods. That includes local options like M-Pesa and global services like Skrill, Neteller, and bank cards.
However:
- Your bank or card provider may still charge a fee.
- eWallets and payment processors may apply currency or service charges.
- If you deposit and withdraw without trading, FXPesa may charge to recover transaction costs.
Currency Conversion Fees
FXPesa accepts accounts funded in USD or KES. If you deposit in a different currency, a conversion fee will apply. FXPesa determines the exchange rate used, which may include a small markup.
Conversion charges apply to both deposits and withdrawals when the transaction involves a different currency from your account base.
How Do I Deposit And Withdraw Money On FXPesa?
FXPesa lets you deposit and withdraw using mobile money, cards, e-wallets, or bank transfers. Most options are instant, and you won’t pay any fees unless your provider charges on their end. You can fund and cash out in Kenyan Shillings (KES), as well as USD, UGX, or TZS, depending on your method.
Here’s how it all compares:
| Method | Accepted Currency | Method | Withdrawal Fee | Deposit Time | Withdrawal Time |
| M-Pesa, Airtel Money, EAZZYPAY (KE) | KES | $0 | $0 | Instant | Instant |
| MTN, Airtel (UG) | UGX | $0 | $0 | Instant | Instant |
| Vodacom, Airtel TZ, HaloPesa, TigoPesa (TZ) | TZS | $0 | $0 | Instant | Within 24 hours |
| Neteller | USD | $0 | 1% (max $30) | Instant | 1–2 working days |
| Skrill | USD / KES | $0 | 1% (max $30) | Instant | 1–2 working days |
| Mastercard / VISA | USD / KES / TZS / UGX | $0 | $0 | Instant | 1–15 working days |
| Local Bank Transfer | USD / KES / TZS / UGX | $0 | $0 | 1–5 working days | 1–2 working days (domestic) |
| International Bank Transfer | USD / KES (withdrawals only) | $0 | $15 | 1–5 working days | 1–5 working days |
How to Deposit Funds via M-Pesa to FXPesa
- Log in to your FXPesa account from the client portal.
- Click on Deposit Funds.
- Select M-Pesa and confirm the deposit currency.
- Enter the amount and follow the prompts.
- Submit the request and complete payment via your phone.
How to Withdraw Funds with FXPesa
- Log in to your FXPesa account.
- Go to Withdraw Funds.
- Choose your withdrawal method. FXPesa usually sends funds back to the original deposit channel.
- Enter the amount. You can only withdraw from your free margin.
- Submit the request.
FXPesa Education, Market Analysis, and Research Tools
When you’re trading in Kenya, it helps to have proper tools and support that are made for local traders. FXPesa offers both online and on-ground education, backed by real-time analysis tools and direct access to expert-led sessions across Nairobi and beyond.
| Tool | Description | Purpose for Traders |
| 🧾 FXPesa Academy | In-person training held in Nairobi and other Kenyan locations, with local experts leading sessions. Includes live seminars, networking events, and walk-throughs of trading concepts. | Learn directly from professionals in your region and build your trading knowledge through face-to-face education. |
| 🤖 Acuity Trading ToolSignal Centre | Up to 40 daily trade ideas, each including entry, stop loss, and take profit levels. Curated by analysts and backed by technical signals. | Follow well-structured setups without needing to analyse every chart. Helps with timing and decision-making. |
| 🧾 FXPesa Guides | Written content covering trading psychology, platforms, market types, and how to approach risk. Focused on helping traders move from guesswork to informed actions. | Build a proper foundation before placing trades. Good starting point if you’re self-learning or correcting habits. |
| ⌨️ Research Terminal | A real-time feed showing sentiment shifts, volatility alerts, and market impact from headlines. Powered by AI but reviewed by human analysts. | Spot potential price moves early, based on market reaction rather than lagging news. Useful for proactive trades. |
| 🎤 Webinars | Live online sessions held twice daily, covering analysis, tools, trading setups, and Q&A with educators. Sessions align with major trading hours. | Join in from anywhere in Kenya and learn directly from the FXPesa education team without leaving your home or office. |
| 📰 Market News | Focused daily headlines and summaries across global and regional markets, including performance stats and economic drivers. | Stay informed on what’s moving major instruments without needing to chase every story or scroll through unrelated content. |
| 🛠️ Assets Overview Tool | A dashboard showing comparative asset performance, technical scores, and momentum rankings across forex, indices and commodities. | Shortlist what’s worth watching. Helps you avoid random picks by using real-time movement and opportunity scoring. |
| 🎥 eResources Library | A large digital archive of videos, how-to guides, platform walkthroughs, and strategy breakdowns. | Access trading education on demand. Ideal for anyone learning after hours or revisiting concepts at their own pace. |
| 📅 Economic Calendar | A live calendar of key data releases, earnings, and policy updates. Includes projected price movement ranges and market expectations. | Plan trades around global and regional economic events. Avoid surprises during volatile periods and announcements. |
Does FXPesa offer educational webinars for Kenyans?
Yes. FXPesa runs free online webinars and physical training events in major Kenyan cities.
What Are FXPesa’s Current Promotions?
FXPesa offers a referral bonus, a first deposit bonus, and a comeback bonus. However, none apply automatically.
Referral Bonus
You can earn up to $150 for each person you refer to FXPesa. The person you invite also gets rewarded. It’s not a flat one-size reward. The more they deposit and trade (forex and metals only), the more both of you earn.
- You’ll get a personal referral link after setting up a live account.
- As soon as your referral opens a live account and starts trading, rewards unlock.
- Bonuses start at $15 per referral and increase to $150 based on the volume traded.
- Referral milestones unlock extra rewards. These start at five successful invites and climb from there.
First Deposit Bonus
New clients receive a 30% trading credit on their first deposit, up to $1,000.
- The minimum deposit to qualify is $100.
- The bonus appears in your platform as “credit”, which boosts your trading margin.
- It’s not withdrawable and will be removed if you withdraw funds, switch to a swap-free account, or get stopped out.
- FXPesa applies the bonus within one business day of your deposit.
Comeback Bonus
Accounts that have been inactive for more than 30 days may be eligible for up to $150 in trading credit.
- A 30% bonus is applied to your comeback deposit, capped at $150.
- A deposit of at least $100 is required.
- The credit remains active for 30 days. During that time, no withdrawals or transfers are allowed.
- You’ll need to meet a specific volume target to keep the credit.
How Does FXPesa’s Affiliate Program Work?
FXPesa’s affiliate programme rewards you for referring active traders. You earn rebates every time your referred clients trade, with higher earnings available as their volume increases.
Rebates are paid in two parts, half when the trade opens, the rest on close, and you can track everything live in your partner portal. The more you grow your client base, the more FXPesa pays in return.
Commission-Based, Tiered Rewards
FXPesa uses a volume-based rebate system. You earn a commission per lot traded by your referred clients, and once your client network reaches certain thresholds, your earnings increase automatically.
It’s not capped or limited to a set structure; if your clients are active, the income potential grows alongside them.
Partnership Support and Tools
FXPesa provides proper infrastructure for partners who want to scale beyond basic referrals. You’ll have access to a dedicated onboarding manager, detailed partner analytics, and one central portal to manage performance, commissions, and client activity.
What’s included:
- IB tracking link to link referrals to your account.
- Automated reports showing who is trading, how much, and how much you’ve earned.
- Real-time rebate updates are split into two parts per trade.
- Instant withdrawals through local methods, including M-Pesa and Airtel Money.
- MT4 and MT5 support for IB and MAM (Multi-Asset Manager) accounts.
- Position protection in MAM accounts where client trades detach smoothly if they exit.
You can withdraw commissions at any time. FXPesa does not hold payments until the end of the month or lock you into a set payout schedule.
Partner Portal: Full Oversight, No Guesswork
The partner portal shows all the important metrics. You can check who is trading, where your next rebate tier sits, and how your network is performing overall. Instead of digging through reports, you’ll see:
| Feature | Benefit |
| Client Status | Know who has verified accounts and who hasn’t. |
| Trading Volume | See who’s active and contributing to your tier growth. |
| Daily Rebates | Track what you’re earning as it updates. |
| Milestone Progress | Monitor how close you are to unlocking new rewards. |
This setup helps you stay proactive. Whether you need to follow up with clients who’ve stalled or prepare for a tier increase, the portal provides clear visibility.
Loyalty-Based Bonuses
FXPesa offers extra rewards for long-term performance. Once your referred clients reach a set lifetime trading volume on forex and metals, and you’ve kept at least five of them active in the last 90 days, you unlock additional bonus payouts.
These are in addition to your usual rebates and don’t replace them.
Local Support, No Guesswork
Support teams are based in Kenya and across East Africa, which means faster responses and practical help in a familiar context. Whether you’re new to affiliate marketing or growing a client list in the thousands, FXPesa supports both ends of the scale.
Is It Worth Joining?
Yes, FXPesa’s affiliate programme isn’t limited to seasoned Introducing Brokers. It works for anyone who has access to a trading community, builds trust through content, or simply knows others looking for a broker.
The rebate structure is flexible, the tools are practical, and earnings are not restricted by location.
If you refer traders in East Africa (or manage clients trading forex and metals), this affiliate model pays out based on results.
Can I use FXPesa on multiple devices?
Yes. You can log in to your account from PC, tablet, and mobile without restrictions.
Can I set up price alerts on FXPesa platforms?
Yes. MT4, MT5, and TradingView allow custom price alerts.
How To Contact FXPesa Support Team
| Customer Support | FXPesa Customer Support |
| ⏰Operating Hours | 24/6 |
| 🔊 Support Languages | English |
| 👥 Live Chat | Available directly through the website |
| ☎️ Email Address | support@fxpesa.com |
| 🏆 Telephonic Support | Toll-Free (Kenya): Call 0800-211-185 |
FXPesa Industry Recognition And Milestones
FXPesa has been acknowledged within the trading industry for regional leadership and reliability. Recognition has come from both fintech-specific and wider financial bodies, highlighting FXPesa’s role in expanding retail access to regulated online trading across Africa.
Awards have focused on innovation, market presence, and user experience, especially within Kenya’s growing trading community.
| 🗓️ Year | 🏅 Award Title | 🌍 Event / Notes |
| 2019 | Best Non-Dealing Online Forex Broker | DigiTech Excellence Awards. Recognised as Kenya’s first non-dealing broker. |
| 2021 | Best Forex Broker in Kenya | World Economic Magazine Awards. Highlighted for user experience and regulation. |
| 2021 | Best Broker in Africa | AtoZ Markets Awards. Acknowledged for regional service and client support. |
Final Thoughts: Is FXPesa Worth It In Kenya?
Yes. FXPesa gives traders in Kenya what most offshore brokers don’t: CMA regulation, mobile money funding, and shilling accounts.
The platform list covers MT4, MT5, and a mobile-first app with everything in one place. Whether it’s the Standard account with no deposit requirement or the Premier account for lower spreads, both options are open to anyone based in Kenya.
Support is local, response times are decent, and M-Pesa deposits are instant. FXPesa makes all tools and education available to traders, regardless of their account types. Even the demo account gets full platform access and live pricing.
On fees, spreads are transparent, commissions are listed upfront, and withdrawal charges are minimal unless you let your trading account go dormant. Islamic traders have a swap-free option, but admin charges apply after a grace period. Thus, read the account terms first.
If you want a broker that operates in your currency, speaks your regulatory language, and doesn’t treat Kenya like an afterthought, FXPesa is perfect. Other brokers might offer more platforms or account types, but few meet local needs this directly.
Is FXPesa Right For You? Pros And Cons Compared
| 🟢 Pros | 🔴 Cons |
| Fully licensed by the CMA in Kenya | Premier account has commission charges ($3.50 per lot per side) |
| Supports M-Pesa, Airtel Money, and local bank transfers for deposits and withdrawals | Swap-free (Islamic) accounts apply admin fees after grace period |
| No minimum deposit for the Standard account | Inactivity fee applies after 180 days of no use |
| Offers both KES and USD trading accounts | International bank withdrawals cost $15 |
| MT4, MT5, Equiti Trader app, and web trading platforms available | No cent account option for micro-lot beginners |
| Leverage up to 1:400 on all accounts | TradingView only available through the Equiti app, not standalone |
| Tight spreads from 0.0 pips on Premier account | Forex-only referral bonuses might not suit stock or commodity traders |
| Instant deposits and withdrawals via mobile money | First deposit and comeback bonuses are credit-only and non-withdrawable |
| Strong local customer support based in Nairobi | Only USD and KES supported as base currencies, which limits multi-currency traders |
| Extensive product list including forex, shares, indices, commodities, and ETFs | FXPesa can revoke swap-free status without notice |
| Full account opening and verification process tailored for Kenyans | Only two main account types (Standard and Premier); less variety than other brokers |
| Copy trading built-in with leaderboard and strategy stats | Promotions and bonuses have terms that restrict flexibility |
| No deposit or withdrawal fees on mobile money or local banks |
FXPesa Review Detailed Summary
🏛 Headquartered Nairobi, Kenya 🏙 Kenyan Based Office Yes ✅ Accepts Kenyan Traders? Yes 🗓 Year Founded 2019 📞 Kenyan Office Contact Number +254 730 676 002 🤳 Social Media Platforms • Facebook
• Twitter
• Telegram
• Instagram
• YouTube⚖️ Regulation Capital Markets Authority (CMA), Financial Conduct Authority (FCA)
🪪 License Number • Kenya – AAAAFF7
• United Kingdom – Equiti Capital UK Ltd (07216039), FCA (528328)⚖️ CMA Regulation Yes 🚫 Regional Restrictions Afghanistan, Bahamas, Burundi, Crimea, Cuba, Democratic Republic of Congo, Eritrea, Haiti, Iran, Israel, Libya, Myanmar, Nicaragua, North Korea, Panama, Somalia, Sudan, Syria, Turkmenistan, United States Minor Outlying Islands, Virgin Islands, United States, Western Sahara, Yemen, Zimbabwe ☪️ Islamic Account Yes 💻 Demo Account Yes 🛍 Retail Investor Accounts 2 📊 PAMM Accounts None 🤝 Liquidity Providers Unknown 💸 Affiliate Program Yes 📲 Order Execution Market 📊 Average spread 0.0 pips EUR/USD 📞 Margin Call 100% 🛑 Stop-Out 30% ✅ Crypto trading offered? No 💰 Offers a Kenyan shilling Account? No 👨💻 Dedicated Kenyan Account Manager? Yes 📊 Maximum Leverage 1:400
🚫 Leverage Restrictions for Kenya? No 💰 Minimum Deposit (KES) $5 (~KES 648) ✅ Kenyan shilling Deposits Allowed? Yes 📊 Active Kenyan Trader Stats 70,000+ 👥 Active Kenyan-based FXPesa customers Unknown 💳 Kenya Daily Forex Turnover $100 million+ 💵 Deposit and Withdrawal Options • Credit Card
• Debit Card
• Bank Wire Transfer
• eWallets
• Mobile Payments🏦 Segregated Accounts with Kenyan Banks? Yes 📊 Trading Platforms • FXPesa Mobile
• MyFXPesa
• MetaTrader 4
• MetaTrader 5✔️ Tradable Assets • Forex
• Indices
• Commodities
• US Shares
• UK Shares
• EU Shares💸 Offers USD/KES currency pair? No 📈 USD/KES Average Spread N/A 📉 Offers Kenyan Stocks and CFDs None 🗣 Languages supported on Website English 📞 Customer Support Languages Multilingual ⏰ Customer Service Hours 24/7 👥 Kenyan-based customer support? Yes ✅ Bonuses and Promotions for Kenyans Yes 📚 Education for Kenyan beginners Yes 📱 Proprietary trading software Yes 💰 Most Successful Kenyan Trader Patrick Mahinge (Net Worth – Private) ✅ Is FXPesa a safe broker for Kenyans? Yes 📊 Rating for FXPesa Kenya 8/10 🤝 Trust score for FXPesa Kenya 90% 👉 Open an account 👉 Open Account
FXPesa Review Reference List
Frequently Asked Questions
How do I deposit money to FXPesa using M-Pesa?
Log in, select “Deposit Funds,” pick M-Pesa, enter the amount, and follow the payment steps on your phone.
What is the minimum deposit for FXPesa?
There’s no minimum for the Standard account. The Premier account starts at $100.
Can I trade forex on FXPesa from Kenya?
Yes. FXPesa offers forex trading with up to 1:400 leverage on all accounts.
Does FXPesa offer a demo account?
Yes. The demo includes $10,000 virtual funds, full platform access, and real-time pricing.
How long does FXPesa verification take in Kenya?
Most accounts are verified within one business day.
What trading platforms does FXPesa support?
FXPesa supports MT4, MT5, WebTrader, and the Equiti Trader app with TradingView included.
Does FXPesa charge withdrawal fees?
Yes, International transfers cost $15.
Can I use FXPesa without paying commission?
Yes. The Standard account has zero commissions.
Is FXPesa suitable for beginners in Kenya?
Yes. The Standard account has no deposit requirement, and FXPesa runs education events across Kenya.
Does FXPesa offer swap-free Islamic accounts?
Yes. Islamic accounts are available on request, with admin fees after a grace period.
How do I withdraw money from FXPesa to M-Pesa?
Log in, click “Withdraw Funds,” choose M-Pesa, enter the amount, and confirm the request.
Does FXPesa support mobile trading?
Yes. You can trade directly through the Equiti Trader app, which includes full features.
Can I open an FXPesa account if I’m a student in Kenya?
Yes, as long as you’re over 18 and can verify your identity and address.
Is FXPesa regulated by the CMA?
Yes. FXPesa is CMA-regulated and operates under Kenyan law.
What is FXPesa’s Premier account?
It’s a low-spread account for active traders. Minimum deposit is $100, with $3.50/lot commission.
How do I start trading with FXPesa in Kenya?
Go to fxpesa.com, click “Start Trading,” fill in your details, verify your ID, and choose an account.
Can I get a bonus when I join FXPesa?
Yes. There’s a 30% first deposit bonus (up to $1,000), but it’s credit-only and non-withdrawable.
Does FXPesa charge inactivity fees?
Yes. After 180 days without trading, a monthly fee may apply.
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