Free-to-use Kenyan trading platform
FXPesa is a financial mobile app designed to satisfy all your trading needs. This online trading platform is summarized in smart dashboards, with a user-friendly interface that will help even beginner traders explore their opportunities on a global scale. Despite needing an account to start, it graciously offers a risk-free demo, so you can explore the environment and make simulated trades to see how the funds move.
Aside from the economical ups and downs, FXPesa generally works like the average trading app although it lacks denominations for ZAR unlike OctaFX Trading App.
Check stocks and funds on the go
The FXPesa app is a mobile tool developed and maintained by EGM Securities Limited. This is an online foreign exchange (ForEx) broker recognized and regulated by the Capital Markets Authority of Kenya. This should put legitimacy and security concerns to rest, and it helps to assure brokers and users. Security-wise, it offers most industry-standard features such as a two-factor (2FA) authentication.
Feature-wise, expect the convenience of modern trading platforms. Unlike other major apps, though, it boasts zero dollar platform fees and commission, which means traders keep more for themselves. It also retains minimal price interest points to keep trader funds afloat. Additionally, it offers in-app customer support, although only available 24/6. Its main strength, however, is in its risk-free demo that lets you invest without involving real-world money.
In terms of cashing in and out, the app supports various forms of payments. International credit cards, online bank transfers, and digital wallets are available options. It even supports M-Pesa, a mobile fund transfer platform widely used in the African continent. This makes it especially surprising how the app doesn’t offer trading accounts in the South African Rand (ZAR) denomination.
A generally safe trading platform
For an updated trading platform operated by a regulated broker, FXPesa is worth a shot, whether you’re a casual trader or a more seasoned professional in the financial space. It has ample security capabilities, with flexible trading conditions that allows users to keep more for themselves. Additionally, its risk-free demo is a tempting offer for newcomers. Aside from minor restrictions, it is safe and stable.
