FXPesa offers forex and CFD trading from its headquarters in Kenya.
FXPesa offers forex and CFD trading from its headquarters in Kenya.
FXPesa is broker that gives traders access to CFD, Forex and Stocks. FXPesa allows traders to use the MetaTrader4 trading platform, but unfortunately not MetaTrader5 at this point.
In terms of features offered to traders, FXPesa has Demo Accounts, Islamic Accounts, Signals and Auto Trading but is missing Social Trading.
FXPesa is regulated, but not by the FCA here in the UK. While this is not necessarily an issue, very careful traders might want the extra safety of using an FCA-regulated broker.
FXPesa Summary
FXPesa offers forex and CFD trading from its headquarters in Kenya.
Ratings
30%
Trust
50%
Instruments
71%
Features
Bonus
None
Instruments
CFD, Forex, Stocks
Demo Account
✓
Min. Deposit
$5
Min. Trade
No minimum
Regulated By
CMA
MetaTrader 4
✓
MetaTrader 5
✗
cTrader
✗
DMA Account
✗
ECN Account
✗
Mobile Apps
MT4, FXPesa Trader
Auto Trading
Yes (EAs)
Trade Signals
MT4
Social Trading
✗
Copy Trading
✗
Islamic Account
✓
CFD Trading
Trade leveraged CFDs on popular financial assets, including indices and commodities.
Leverage
1:400
FTSE Spread
From 0.7 pips
GBPUSD Spread
From 0.2 pips
Oil Spread
From 0.028 pips
Stocks Spread
Not Available
Forex Trading
FXPesa offers 66 currency pairs, including all majors, plus a selection of minors and exotics.
GBPUSD Spread
From 0.2 pips
EURUSD Spread
From 0 pips
EURGBP Spread
From 0.2 pips
Assets
66
Payment Methods
FXPesa accepts the following payment methods:
Neteller
Debit Card
Credit Card
EasyPay
Skrill
Risk Warning – Your capital is at risk
FAQ
Is FXPesa Safe?
In our review we gave FXPesa a low trust score of 30%, which means that traders should try things out before they deposit any larger amounts. One of the main negative factors in this low score is that FXPesa is not FCA regulated. Extra careful traders might want to find an alternative in our top list of UK brokers.
Does FXPesa Accept PayPal?
No, FXPesa does not accept PayPal payments.
Is FXPesa Halal?
Yes, FXPesa does offer an Islamic trading account and should thus be Halal to trade with.
What trading platforms does FXPesa support?
FXPesa only supports the MetaTrader 4 trading platform at this time.
Is FXPesa Regulated in the UK?
No, FXPesa is unfortunately not regulated by the FCA here in the UK. See our list of FCA regulated brokers for safer options
Is FXPesa Regulated?
Yes, FXPesa is regulated by CMA.
The fact that FXPesa is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for safer options.
FXPesa vs Other Brokers
If you want to compare FXPesa with other brokers, use the detailed comparisons below.
