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Equiti in Kenya — review, licence and costs
Cost calculator (median of 36 priced of 55)
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%50
- Round-turn cost20%90
- Safety20%100
- Payouts15%40
- Track record10%no data
- Platforms10%no data
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- EGM Securities Ltd
- Founded
- 2008
- Retail leverage
- 400KE
- Round turn
- 7 USDKE
- Currencies
- USD; mobile-money funding in KES.
- Swap-free account
- yes
Licence check
Open an account with EquitiThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards Kenya residents
- EGM Securities Ltd
- Local standing
- Locally CMA-regulated; first non-dealing online FX broker licensed by CMA Kenya.
- Licence as the register states it
- Kenya CMA (Capital Markets Authority) locally licensed — Non-Dealing Online FX Broker, Licence No. 107. LOCAL LICENCE confirmed.
- Leverage for this entity
- Up to 1:400 FX/metals, up to 1:200 indices (CMA cap).
- The firm behind it
- Equiti Group, founded 2008, HQ Amman (Jordan) & Dubai; MENA/Africa focus; multi-entity: FCA UK (Equiti Capital, FRN 528328), JSC Jordan (local), CMA Kenya (local, EGM Securities/FXPesa, Lic 107), UAE SCA, Seychelles FSA, CySEC.
- What we hold against it
- Strong local standing; CMA-licensed, on CMA register. Local M-Pesa integration a plus.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Kenyan residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youLocally CMA-regulated; first non-dealing online FX broker licensed by CMA Kenya.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against Kenya market median(priced from 36 of 55)
Medians run over the 36 of 55 brokers that publish a price for Kenya, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Classic (no min), Standard (from $30), Premier (from $100). The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Payouts
Identical for every row: Deposit, h 24 · Fee, USD 0 · Min, USD 50.
Taxes for a Kenyan resident(1 rule)
- Forex/CFD profit treated as ordinary income for most retail traders (not capital gains), added to taxable income, taxed on graduated bands roughly 10% up to a top marginal rate of 35% (as of the review;https://egmsecurities.com
Not tax advice. Check with the Kenya Revenue Authority.
Deposit and withdrawal methods (5 methods · 1 local)
M-Pesa and mobile money, cards, bank transfer, e-wallets, crypto wallets.
- M-Pesalocal
- Cards
- Bank transfer
- E-wallets
- Crypto wallets
- Account currency
- USD; mobile-money funding in KES.
- Fee declared
- 5 of 5 methods
- Withdrawal back to
- the funding method
Where it does not serve(36 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(5 platforms)
- MT4
- MT5
- Equiti Trader app
| Class | Count | Min spread |
|---|---|---|
| MT4 | — | 1.4 |
| MT5 | — | 1.4 |
| Equiti Trader app | — | 1.4 |
| Forex pairs | 60 | — |
| Shares | 300 | — |
71 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard, Pepperstone no minimum deposit, Trade Nation Two live tiers - lower-leverage and 65 more.
Identical for every row: Leverage 400 KE.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.0 | 281 |
Share of reviewers in Kenya: — The platform does not publish it.
Pros and cons(5 for and 2 against, each tied to a figure on this page)
- Locally authorised, licence 107, read on 09.07.2026
- Min deposit 5 USD, under the Kenya median 25
- Swap-free account available
- Safety 100 of 100, its strongest of 6 scored axes
- 3 platforms: MT4, MT5, Equiti Trader app
- Withdrawal in 72 h, over the Kenya median 48
- Payouts 40 of 100, its weakest of 6 scored axes
Alternatives in Kenya(6 of 55 scored in Kenya)
- Round turn, USD
- 7KE
- Min deposit, USD
- 10KE
- Leverage
- 400KE
- Rank in this country
- #4
- Round turn, USD
- 7KE
- Min deposit, USD
- 20 groupKE
- Leverage
- 200KE
- Rank in this country
- #3
- Round turn, USD
- 8KE
- Min deposit, USD
- 100 groupKE
- Leverage
- 500 group
- Rank in this country
- #1
- Round turn, USD
- 6KE
- Min deposit, USD
- 0 groupKE
- Leverage
- 2000 group
- Rank in this country
- #2
- Round turn, USD
- 9KE
- Min deposit, USD
- 10KE
- Leverage
- 400KE
- Rank in this country
- #16
- Round turn, USD
- 6KE
- Min deposit, USD
- 10 groupKE
- Leverage
- 3000KE
- Rank in this country
- #14
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a Kenya score. Full methodology
| Axis | Weight | What is measured | Equiti |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 50 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 90 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 100 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 40 |
| Track record | 10% | Years since the firm was founded, from its own filings | 90 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 50 |
Where Equiti sits in the Kenya base(55 brokers)
Round-turn cost, USD (36 of 55 priced)
Median 7 USD · range 3-23 · this broker 7 USD · 19 of 55 brokers do not publish it
Minimum deposit, USD (27 of 55 priced)
Median 25 USD · range 0-2500 · this broker 5 USD · 28 of 55 brokers do not publish it
Retail leverage (29 of 55 with a Kenya figure)
Median 1:500 · range 30-5000 · this broker 1:400 · 26 of 55 brokers do not publish it
Withdrawal time published (55 brokers)
FAQ
- Does Equiti accept residents of Kenya?
- Yes. Locally CMA-regulated; first non-dealing online FX broker licensed by CMA Kenya. Onboarding entity: EGM Securities Ltd
- Is Equiti licensed to serve clients in Kenya?
- Kenya CMA (Capital Markets Authority) locally licensed — Non-Dealing Online FX Broker, Licence No. 107. LOCAL LICENCE confirmed. Checked on 09.07.2026.
- How much does one round turn cost at Equiti?
- About 7.0 USD per standard lot on EUR/USD. The median across brokers measured for Kenya is 7.0 USD.
- What leverage does Equiti offer to retail clients in Kenya?
- Up to 1:400. Up to 1:400 FX/metals, up to 1:200 indices (CMA cap).
- Which trading platforms does Equiti support?
- MT4, MT5, Equiti Trader app. Instruments: FX, indices, commodities, metals (CFDs).
- How can I withdraw money from Equiti in Kenya?
- M-Pesa and mobile money, cards, bank transfer, e-wallets, crypto wallets.
- What account types does Equiti offer?
- Classic (no min), Standard (from $30), Premier (from $100).
- Does Equiti offer a swap-free (Islamic) account?
- Yes. Equiti offers a swap-free (Islamic) account to Kenya residents.