FXPesa Review 2021

FXPesa offers forex and CFD trading from its headquarters in Kenya.

FXPesa is broker that offers traders 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
BonusNone
InstrumentsCFD, Forex, Stocks
Demo Account
Min. Deposit$5
Min. TradeNo minimum
Regulated ByCMA
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.

Leverage1:400
FTSE SpreadFrom 0.7 pips
GBPUSD SpreadFrom 0.2 pips
Oil SpreadFrom 0.028 pips
Stocks SpreadNot Available

Forex Trading

FXPesa offers 66 currency pairs, including all majors, plus a selection of minors and exotics.

GBPUSD SpreadFrom 0.2 pips
EURUSD SpreadFrom 0 pips
EURGBP SpreadFrom 0.2 pips
Assets66

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?

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.

FXPesa vs
FXPesa offers forex and CFD trading from its headquarters in Kenya.