Broker review · Checked
Empire FX is a young Kenyan broker with a CMA dealing licence (Empire FX Trade Limited, licence 203). It offers KES accounts, MT5 and M-Pesa withdrawals. As a dealing broker it can take the other side of your trades, and it has little public track record, so start small.
Licensed as a dealing online forex broker: Empire FX can be the other side of your trades (market maker). On the CMA list of dealing online forex brokers, checked 29 Oct 2026.
A licence means someone supervises the broker. It does not make trading safe: most retail CFD accounts lose money.
Empire FX launched in Kenya in late 2025 under a CMA licence for dealing online forex brokers. It offers forex, stock, index and commodity CFDs on MetaTrader 5 and its own EFX PRO and EFX Lite apps, with KES-denominated accounts, according to ITEdge News.
TradeInformer reports that Kenyan investors own the company, including a major shareholder of the betting firm Betika. In May 2026 it hired Pepperstone's former Africa head as chief operating officer.
| Account | Minimum deposit | Pricing |
|---|---|---|
| KES and USD accounts | Not published in the sources we checked | Not published in the sources we checked |
Check the minimum deposit, spreads and fees on the Empire FX website before you open an account.
| Deposits and withdrawals | Not published in the sources we checked |
Work out the cost of a trade before you place it with our pip value and profit and loss calculators.
M-Pesa limits, rand EFT, cards, e-wallets and the payment scams to avoid: read our deposits and withdrawals guide.
We will open a Empire FX account, deposit with M-Pesa, place a trade and withdraw, then publish the screenshots, the time each step took and every fee we paid.
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Median of reports from traders. Not checked by us; our own tests are marked separately.
Withdrawal stuck or refused at Empire FX? Get a ready complaint letter and the right regulator contact with our complaint desk →
Yes. In Kenya, Empire FX operates through Empire FX Trade Limited, which holds CMA licence 203. Check that this company is named on your client agreement, not an offshore company of the same brand. Licensed as a dealing online forex broker: Empire FX can be the other side of your trades (market maker). On the CMA list of dealing online forex brokers, checked 29 Oct 2026.
No. Empire FX is not licensed by the FSCA. It may still accept clients from South Africa through an offshore company, but you would have no FSCA protection or local complaints route.
Yes. Empire FX Trade Limited holds CMA licence 203 as a dealing online forex broker.
A broker that can act as principal and take the other side of your trades. A non-dealing broker passes your orders to another firm.
Fees, minimums and payment methods change and can differ by the company you sign with. Confirm them on the broker's site before you deposit. Spotted something out of date? Tell us.
