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  • Writer's pictureRobert Munene

Why choose FX Pesa as your Forex Broker

Updated: Jul 21, 2023

Introduction.

FX Pesa is the leading Forex Broker in Kenya. They have been providing their clients with top-quality services for many years and continue to do so today.


FX Pesa is the best Forex Broker in Kenya.

FX Pesa is the best Forex Broker in Kenya. It offers a wide range of products including forex, commodities and stock trading. The company has been around for over 20 years and has made its mark in the market by providing quality services at affordable prices.

The company has been able to achieve this success because it offers its services at very competitive rates compared with other brokers who offer similar packages but at higher costs. This is one reason why customers prefer FX Pesa over others because they are able to enjoy lower fees while still enjoying all benefits associated with high liquidity and low spreads on their trades.


Asset Diversity.

As a Forex trader, you need to know that there are many brokers around. However, most of them offer the same type of trading instruments and they all have their unique selling points.

FX Pesa has a wide range of trading instruments in its portfolio so that you can choose what suits your needs best. You can find both forex pairs and CFDs on this broker's platform. Furthermore, it also offers commodities such as crude oil or gold at low prices with high liquidity.


Low Spreads.

In the world of forex trading, it is common to see spreads ranging from $0.02 to $0.30 for a buy order and from $0.20- $1 for a sell order. However, FX Pesa has low spreads as well. For example, if you buy 100 shares at $100 each with an account value of $10,000 then your total cost will be just 13 pence (0.13 cents). This means that even if there was no spread at all, you would still be saving money by choosing FX Pesa over other brokers.


Fast Execution.

Fast execution is one of the most important aspects of trading. The faster you can get your order executed, the better your chances of making a profit.

FX Pesa has a fast order execution engine which makes it easy to trade securely and safely from anywhere in Africa or Europe.


Great Customer Service.

You can get in touch with our customer service team 24/7, via phone and email. For live chat, you'll need to be logged into your account, and they'll be able to answer all your questions quickly.


Tight Margins

The margin is the amount of money you have to put up to open a position. For example, if you want to open an account with $100,000 and deposit 20% of it as your initial investment, then this means that in order for FX Pesa to accept your application for trading purposes (a process known as ‘margin lending’), they need to know that you can afford to lose 21% ($20k) before their insurance covers it.

This gives them peace of mind knowing how much risk they are taking on by allowing their clients access into their platform; but also allows them greater flexibility when selecting which instruments within which markets might be most profitable over time.


Maximum Leverage

FX Pesa offers up to 1:500 leverage, which is the maximum amount of money you can use in your account and still be able to trade. This means that if you have $100 worth of funds in your account, you'll be able to put up $500 worth of collateral with FX Pesa.

However, this doesn't mean that it's possible for someone with just $100 worth of funds at stake on every single trade they make, you'll need some extra capital (or margin) as well. In fact, there are two ways in which FX Pesa allows its clients access higher levels of leverage: by trading without any restrictions or by increasing their own capital requirements through margin lending services offered by other financial institutions.


Conclusion.

As a current user of FX Pesa, I would like to assure you that they are one of the best, if not the best, forex brokers in East Africa. FX Pesa and EGM Securities are part of a global group of companies that are among the most progressive FX and CFD providers in the industry.

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