WikiFX

Sagot

Having traded forex for years, I always scrutinize a broker’s regulatory status before considering them for any significant investment. EGM Securities claims to be licensed in Kenya, but according to available information, it currently has no valid regulatory oversight. This is a major area of concern for me. In my experience, regulation isn’t merely about a badge—it serves as a fundamental layer of protection for my funds. A regulated broker must adhere to strict financial standards, maintain segregated client accounts, undergo regular audits, and provide dispute mechanisms. These layers collectively help limit the chances of mismanagement, fraud, or unresolved disputes. With EGM Securities operating unregulated, none of these crucial safety nets are reliably in place. If the company were to mishandle accounts or encounter insolvency, investors would have very limited recourse. While they offer competitive products, leverage, and both MT4 and MT5 platforms, the risk linked to the lack of regulation significantly outweighs these benefits for me. I believe that trusting my capital to any unregulated broker requires extra caution, and I personally would look to brokers with verifiable, active oversight so that my funds are better protected in the event of any issues.