FXPesa Forex Broker

FXPesa MARKETSReview SummaryFounded2016Registered Country/RegionKenyaRegulationNo regulationMarket InstrumentsForex pairs, shares, indices, commodities, ETFsDemo Account✔LeverageUp to 1:400SpreadFrom 0 pipTrading PlatformMT4, MT5, Equiti TraderMinimum Deposit$100Copy Trading✔Customer SupportPhone: 0800-211-185 (Toll-Free Kenya)WhatsApPP: +254-730-676-002 ((International)Address: 12th Floor, Tower 2, Delta Corner Towers, Waiyaki Way, Westlands, Nairobi, KenyaRegional Restrictionsthe United States, Belgium, Canada and SingaporeFXPesa Information FXPesa, founded in 2016, is a brokerage registered in Malta. The trading instruments it provides cover forex pairs, shares, indices, commodities, ETFs.Pros and ConsProsConsWelcome bonus offeredLack of regulationMultiple trading instrumentsRegional restrictionsMT4, MT5 availableNo Islamic trading account offeredDemo account availableVarious payment optionsIs FXPesa Legit? It is clear that FXPesa is unregulated, which means that traders will be at great risk if they trade with this company. Traders should be more careful and cautious.What Can I Trade on FXPesa? FXPesa offers traders the opportunity to trade forex pairs, shares, indices, commodities, ETFs.Tradable InstrumentsSupportedForex✔Shares✔Indices✔Commodities✔ETFs✔Cryptocurrencies❌Futures❌Options❌Account Types FXPesa provides 2 types of accounts, which are Standard, Premier. The minimum deposit is $100. The spreads are as low as 0.0 pips. The leverage is up to 1:400. It also provides demo accounts. But it doesn't provide an Islamic account.StandardPremierMinimum depositNo minimum deposit$100LeverageLeverage up to 1:400Leverage up to 1:400SpreadsAverage spreads of 1.4 pipsSpreads from 0.0 pipsCommission$0 commissionUS$3.5/lot per side commissionCurrency typeUSD or KES accountUSD or KES accountFXPesa Fees FXPesa charges US$3.5/lot per side for Premier Account, and $0 for Standard Account. The spreads are as low as 0.0 pips.Trading Platform FXPesaT's trading platform are MT4, MT5, and Equiti Trader, which support traders on PC, Mac, iPhone and Android.Trading PlatformSupportedAvailable DevicesSuitable forMT4✔Web, MobileBeginnersMT5✔Web, MobileExperienced tradersEquiti Trader✔Mobile/Deposit and Withdrawal The broker provides mutipile payment methods, which are Mobile money, eWallets, Credit cards, Bank transfers.Payment MethodAccepted CurrenciesFeesProcessing TimeM-Pesa, EAZZYPAY & Airtel MoneyKESDeposits & Withdrawals: $0Deposits & Withdrawals: InstantMTN & Airtel UGUGXDeposits & Withdrawals: $0Deposits & Withdrawals: InstantVodacom, Airtel TZ, HaloPesa & TigoPesaTZSDeposits & Withdrawals: $0Deposits : Instant; Withdrawals: Within 24 HrsNetellerUSDDeposits: $0; Withdrawals: 1% up to USD$30Deposits: Instant; Withdrawals: 1-2 working daysSKRILLUSD, KESDeposits: $0; Withdrawals: 1% up to USD$30Deposits: Instant; Withdrawals: 1-2 working daysMastercardUSD, KES, TZS & UGX$0Deposits: InstantWithdrawals: 1-2 working days*Card withdrawals may take up to 15 working days to be credited into clients' card.VISAUSD, KES, TZS & UGX$0Deposits: Instant; Withdrawals: 1-2 working days*Card withdrawals may take up to 15 working days to be credited into clients' card.Local or international bank wire transferDeposits: USD, KES, TZS & UGX; Withdrawals: Only USD & KESDeposits: $0; Domestic Bank Wire: USD$0; International Bank Wire: USD$15Deposits: 1-5 working days; Domestic Withdrawals: 1-2 working days; International Withdrawals: 1-5 working daysCopy Trading FXPesa Copy is a feature-rich platform that allows traders to copy a providers trading strategies on over 2,000+ financial assets.