If you’re looking for a new trading platform, FXPesa may be the one for you. The CMA regulates this company in Kenya and the FCA in the UK, both Tier-1 financial regulators, to ensure that your funds are safe and sound. Moreover, it offers a commission-free account with competitive spreads and lowers fees. The company also doesn’t charge dormant account fees. However, some methods of withdrawal have fees. To avoid these fees, it is recommended that you use withdrawal methods with no fees.
FXPesa is one of the most popular forex trading platforms in Kenya. It is a Non-Dealing Desk broker authorized by the Kenyan Capital Market Authority. It offers more than sixty different currency pairs, CFDs, and contracts for differences in commodities. Its low fees and tight spreads have made it a popular choice for individual traders in East Africa.
FXPesa is regulated by the Capital Markets Authority and has a low minimum deposit of $5. The site also offers CFD trading on twelve worldwide indices. In addition to currency trading, FXPesa offers US stocks, European stocks, and six precious metals. Two different account types are available on the site, including a Premier and Executive account. You can trade 66 currency pairs and 150 different CFDs with the Premier account.
FXPesa has a 30% bonus for depositing at least $100. This bonus is valid for 30 days after signing up. The bonus amount can be up to $150. The bonus will be deducted from your profits when you withdraw them. The remaining amount will be transferred to your account. FXPesa does not offer referral schemes or no deposit bonuses.
FXPesa is a local broker that accepts M-Pesa. This service allows users to transfer money via text messages or a web interface. The company offers competitive trading conditions for Kenyan Forex professionals. The service features a dedicated Forex trading server and experienced customer service. In addition, it offers professional Forex market analysis and an affiliate program for beginners and experienced traders.
If you are new to trading with foreign exchange, it is advisable to open an FXpesa Demo account first before you trade with real money. This way, you can practice your skills and decide when to move onto the live market. Demo accounts come with many benefits, including access to real-time market data, simulated currency trading, and expert traders to guide you through the trading process. Moreover, FXPesa is a fully licensed forex broker in Kenya. It is ranked number one in the list of CMA-licensed brokers.
To get the most out of your FXPesa Demo account, start by researching different brokers. Make sure to choose a broker that offers a wide range of trading products, including the one that is most suitable for you. You may also want to consider the brokerage fees. While trading with foreign exchange, you want to lose as little money as possible to trading and accounting commissions. FXPesa charges lower commissions than most brokers.
If you are having problems with your FXPesa account, you can contact their customer support service at any time of the day. They offer assistance via live chat, email, and mobile phone. Their support agents are trained and have previous experience in the financial industry. They provide solutions in a friendly manner.
FXPesa is a regulated broker that allows traders from all over the world to place and execute trades. They have 24/7 customer support, low-latency transaction execution, and a specialized teaching center to help new traders navigate the trading platform. Their wide range of trading products includes forex, stock CFDs, metals, and commodities.
The FXPesa website contains plenty of information on trading currencies, spreads, margins, holiday schedules, etc. In addition to forex, the platform also provides CFD trading on Indices, shares, and commodities. The standard account is available to people with a minimum deposit of $5. A Premiere account requires a $100 deposit and offers higher leverage and a zero-pip spread. The company also provides a detailed FAQ section.
FXPesa is a Kenyan forex broker that has been around for about a year. It is licensed and regulated by the Capital Markets Authority of Kenya. The company has a local support team, offers educational materials for beginners, and is available around the clock. It also offers a completely transparent experience, though the platform can be difficult to use if you’re not experienced.
To trade with FXPesa, you’ll need a live trading account and funds to fund it. The website will provide you with step-by-step instructions for registering. You can also contact FXPesa’s support team via live chat or email. These agents are knowledgeable in the financial markets and will be able to assist you promptly. They also offer a comprehensive FAQ section.
If you’re new to forex trading, FXPesa has a user-friendly MT4 platform that’s easy to use, even for a novice trader. The platform also features many tools for managing funds. It also offers a MyFxPesa section that lets you track your account balance, deposit/withdrawal history, and other information. In addition, FXPesa offers competitive spreads and no dormant account fees. Spreads are usually as low as 1.4 pips on standard pairs, but they’re higher for CFDs and exotic pairs.
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