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EGM Securities Forex Broker keeps up-to-date with the latest trading account information, including Premiere, Executive maximum leverage of 1:400 for forex and precious metals, 1:200 for CFDs, 1:20 for Equities, trading varieties, and more
Rating Index
Pros
Regulated by the Capital Markets Authority (CMA) in Kenya, providing a level of security for traders.
Low minimum deposit requirement of $200, making it accessible for new traders.
Offers a user-friendly trading platform (MT4) and provides educational resources for traders.
Cons
Limited variety of trading account types, which may not cater to all trader preferences.
Not accepting clients from the USA, limiting its market reach.
Customer support is considered fair but not as responsive as some competitors, potentially affecting trader experience.
EGM Securities broker Accounts
Premiere
Environment
--
Currency
--
Maximum Leverage
1:400 for forex and precious metals, 1:200 for CFDs, 1:20 for Equities
SupportedEA
Minimum Deposit
$100
Minimum Spread
from 0.0
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01
Commission
USD 70 per USD 1 million on FX & USD 7.0 per 1 standard lot round turn on precious metals
Products
62 currency pairs, 6 precious metals, 37 CFD instruments, 240+ Shares
Executive
Environment
--
Currency
--
Maximum Leverage
1:400 for forex and precious metals, 1:200 for CFDs, 1:20 for Equities
SupportedEA
Minimum Deposit
$15
Minimum Spread
from 1.4
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01
Commission
--
Products
62 currency pairs, 6 precious metals, 37 CFD instruments, 240+ Shares
EGM Securities Account Types
EGM Securities offers three main account types for traders: the Executive Account, the Premiere Account, and an Islamic Account.
1. Executive Account
- Minimum Deposit: $15
- Spreads: Starting from 1.4 pips
- Commission: No commission charges
- Minimum Trade Size: 0.01 lots
- Maximum Volume per Trade: 150 lots for major pairs
- Customer Support: 24/6
2. Premiere Account
- Minimum Deposit: $100
- Spreads: Starting from 0.0 pips
- Commission: $70 per $1 million on forex and $7 per standard lot round turn on precious metals
- Minimum Trade Size: 0.01 lots
- Maximum Volume per Trade: 150 lots for major pairs
- Customer Support: 24/6
3. Islamic Account
- Availability: Offered to traders who follow Sharia law
- Features: Swap-free options without overnight fees
- Process: Traders must first open a live account and then request a conversion to an Islamic account.
EGM Securities Broker Account Opening Process
To start trading with EGM Securities, follow these steps:
Step 1: Register and Open an Account
- Visit the EGM Securities website and click on the "Open Account" link.
- Complete the online contact details form with your first and last name, country of residence, phone number, and email address.
Step 2: Update Your Documents
- Verify your account by uploading the required documents:
- Passport or ID: A valid copy of your passport or government-issued photo ID (front and back).
- Address Verification: A document showing your full name and residential address issued within the last 12 months (e.g., bank statement, utility bill).
- After your account is approved, make your first deposit using available options like bank transfers, credit/debit cards, or e-wallets.
- Once your deposit is processed, you can start trading using the MetaTrader 4 or MetaTrader 5 platforms.
Step 3: Make Your First Deposit
Step 4: Start Trading
For detailed assistance, you can refer to the EGM Securities Help Center.
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