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EGM Securities Fees and Spreads

 

EGM Securities Fees and Spreads

 

 

 

Overall Rating

4.8/5

Rated #76 out of 76
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

CMA

📱 Trading Desk

MetaTrader 5

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

EGM Securities spread and commission fees start from US Dollar 7 with spreads from 0.2 pips.

EGM Securities doesn’t charge any account fees, while deposits and withdrawals are also free of charge. EGM Securities also charges an inactive fee of $16.50 after an account is inactive for 180 calendar days or more.

 

Finding a reputable list about EGM Securities Fees and Spreads local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below are an in-depth Fees and Spreads review regarding this regulated Forex Company, which will assist traders and allow traders to invest in their currency.

 

Fees and Spreads

Spreads on EGM Securities’ spread lists start from 0.2 pips on the standard EUR/USD direct from the market participants.

The spread applies to the Premiere account. For the Executive account, EGM Securities charges 1.6 pips per standard lot for the same currency pair.

The broker does not charge any commission on the Executive account but a commission of $ 7 per standard lot round turn is charged on the Premiere account.

Price spreads vary throughout the day depending on factors such as available liquidity (supply and demand), market forces, volatility, and the trading session.

 

Additional Trading Fees

When trading financial instruments such as forex, traders can often expect that overnight fees or swap fees will be charged when positions are held for longer than a trading day.

It is not clear on EGM Securities’ website if short positions or long positions that are held overnight will be charged with swaps.

For more information on the swaps that traders can expect, traders can contact customer services.

EGM Securities does, however, make provision for an Islamic Account for Muslim traders who follow the Sharia Law, and thus prohibited from earning or paying interest where the holding of open positions is concerned.

EGM Securities does not offer spread betting and thus spread betting fees do not apply.

The broker does charge an inactivity fee after an account is inactive for 180 calendar days or more. The fee payable or closure of inactive accounts is intimated to the customer in advance as per the rules.

 

Overall Rating

4.8/5

Rated #76 out of 76
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

CMA

📱 Trading Desk

MetaTrader 5

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Broker Fees

EGM Securities does not charge deposit fees or withdrawal fees and will cover all bank processing charges. The exception is when you withdraw international through bank wire transfer where the charge is 1650 KES of $ 16.50.

Traders also need to ensure that they verify additional charges which may be waived by their financial institution. Also, traders may be subjected to currency conversion fees should they transfer fees in a currency that is different from their account base currency.

 

Pros and Cons

✔️ PROS ❌ CONS
Competitive trading conditions Spreads are not the tightest
Islamic Account/Swap-free provided for Muslim traders
No deposit fees charged
Zero commissions charged on the Executive account

 

You might also like: EGM Securities Minimum Deposit

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You might also like: EGM Securities Account types

You might also like: EGM Securities Islamic Account

 

FAQ’s

 

How many instruments can I trade with EGM Securities?

You can trade the following financial instruments:

  • 60 currency pair
  • Precious metals
  • Indices
  • Commodities
  • CFDs, and more

 

Which platforms are supported by EGM Securities?

MetaTrader 4.

 

Does EGM Securities offer leverage?

Yes. Leverage of up to 1: 400.

 

What spreads can I expect with EGM Securities?

Spreads typically start from 0.2 pips EUR/USD.

 

Does EGM Securities charge commission?

No. EGM Securities offers commission-free trading apart from the Premiere Account where a commission of $ 7 per standard lot round turn is charged.

 

Is EGM Securities regulated?

Yes. EGM Securities is regulated by CMA.

 

Is EGM Securities a recommended forex trading broker for experts and beginners?

Yes. EGM Securities caters to both beginners and expert traders.

 

What is the overall rating out of 10 for EGM Securities?

7/10.

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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