General Information And Regulations
EGM Securities, Under The Trade Name EGM Securities Limited, Is Purportedly A Forex And CFD Broker Incorporated In Kenya With Company Number Pvt-aaaaff7, Licensed And Regulated By The Capital Markets Authority Of The Republic Of Kenya With License Number 107. The Broker Claims To Offer Its Clients A Wide Range Of Tradable Assets With Floating Leverage On The World's Most Trusted And Popular Metatrader4 And MetaTrader5 Trading Platforms, With Variable Spreads Up To 1:400 And 0.0 Pips, As Well As A Choice Of Two Different Account Types And 24/6 Customer Support Services.
Market Instruments
EGM Securities Advertises That It Primarily Offers Four Different Financial Marekt Asset Classes, Including Forex (currency Pairs), Precious Metals, Contracts For Difference (CFDs) And Stocks.
Account Types
In Addition To The Demo Account, There Are Two Real Trading Accounts Run By EGM Securities, Namely Execution And Premiere. A Minimum Initial Deposit Amount Of $15 Is Required To Open An Administrative Account, While The Minimum Initial Funding Requirement For Other Account Types Is Much Higher At $100.
Leverage
Different Asset Classes Can Enjoy Different Maximum Leverage Ratios. EGM Securities Mentions That The Maximum Leverage Is 1:400 For Forex And Precious Metals, 1:200 For CFDs And 1:20 For Stocks. Inexperienced Traders Are Advised Not To Use Excessive Leverage As Leverage Can Amplify Gains And Losses.
Spreads & Commissions
EGM Securities Claims That Different Account Types Can Enjoy Completely Different Spreads. Clients Of Executive Accounts Can Experience Spreads Starting From 1.4 Pips, While Premium Accounts Can Enjoy Raw Spreads Starting From 0.0 Pips. As For Commissions, Execution Accounts Are Commission-free, While Premium Accounts Will Charge A Commission Of $70 Per Million Dollars Of Forex And $7 Per Standard Lot For Trading Precious Metals.
Trading Platform Available
Platform Available For Trading EGM Securities Is The Industry Standard Metatrader5 Trading Platform Available On Ios, Android And Windows Devices. Forex Traders Praise Metatrader For Its Stability And Credibility As The Most Popular Forex Trading Platform. Expert Advisors, Algorithmic Trading, Complex Indicators And Strategy Testers Are Some Of The Complex Trading Tools Available On The Platform. There Are Currently Over 10,000 Trading Applications Available On The Metatrader Market For Traders To Use To Improve Their Performance. By Using The Right Mobile End Points, Including Ios And Android Devices, You Can Trade Via Mt4 And Mt5 Anytime, Anywhere.
Deposit And Withdrawal
EGM Securities Accepts Deposits Via Telegraphic Transfer/bank Transfer, Debit/credit Cards, Mobile Payments And E-wallets, As Well As Withdrawals Other Than Debit/credit Cards. The Minimum Initial Deposit Requirement Is Only $15. There Are No Deposit Fees, While Withdrawal Fees Vary Depending On The Method Of Withdrawal. Withdrawals Via Telegraphic Transfer/bank Transfer Will Be Charged $15 Or 1650 Kroner; Withdrawals Using Mobile Payment Are Free And Withdrawals Using E-wallet Will Be Charged A 1% Fee (capped At $30 Or Equivalent Currency). As For The Processing Time Of Deposit And Withdrawal Requests, Deposits Via Telegraphic Transfer/bank Transfer Take 1-3 Business Days To Process, While Other Deposit Options Are Instant. Withdrawals Via Telegraphic Transfer/bank Transfer Can Be Processed In 3-5 Business Days, While Other Withdrawal Methods Take Only 3 Hours.
Customer Support
EGM Securities Can Be Contacted By Phone: 0 800 211 185 (toll Free), + 254 730 676 002 (non-toll Free If You Are Calling From Outside Kenya), Whatsapp: + 254 730 676 002, Email: Support @egmsecurities.com Or Live Chat. Registered Address: EGM Securities Limited, 12th Floor, Tower 2, Delta Corner Towers, Waiyaki Way, Westlands, Nairobi, Kenya
