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EFG Hermes Kenya Review
EFG Hermes Kenya is a Nairobi stockbroker owned by the EFG Holding group. It closed its retail brokerage in 2025 and now serves institutional clients only.
Min Deposit
$2025
Spreads From
Not applicable, this is an equities and bonds stockbroker
Max Leverage
Not applicable to institutional stockbroking
Platforms
Institutional trading desk, EFG Hermes ONE app, formerly used for retail clients
Pros
- Backed by EFG Holding, a large MENA financial group listed in Cairo
- Operating in Kenya since 2017 with a real CMA stockbroker license
- Finished 2024 as the top Nairobi Securities Exchange broker by share
- Institutional clients still get access to equities and bond trading
Cons
- Retail brokerage was shut down in June 2025, closed to individuals
- No forex or CFD trading, this is an equities and bonds stockbroker
- Former retail clients had to move their holdings to another broker
- Bestforex.io still lists this profile as unverified with old details
- Only institutional and high net worth clients can use it today
EFG Hermes Kenya Limited opened in Nairobi in 2017 as the Kenyan arm of EFG Holding, a financial group based in Cairo, Egypt. It holds a stockbroker license from the Capital Markets Authority of Kenya, number 105, and trades equities and bonds on the Nairobi Securities Exchange. In 2021 it launched the EFG Hermes ONE app to bring in retail investors.
That retail push did not last. In June 2025 the firm shut its retail brokerage unit, citing tough economic conditions that hit trading volumes. It told clients it would focus only on institutional business, and offered help moving retail accounts to other brokers. Before the shutdown, it was a strong performer, finishing 2024 as the top stockbroker by market share at 41.5 percent.
Today EFG Hermes Kenya still ranks among the busiest firms on the Nairobi exchange, but only for institutional and high net worth clients tied to the EFG Holding network. A retail trader cannot open a new account here now, whatever an older listing might say.
Min. Deposit
USD 2025
Max Leverage
Not applicable to institutional stockbroking
Spreads From
Not applicable, this is an equities and bonds stockbroker
Platforms
Regulators
- CMA (Kenya)
- FRA (Egypt)
- FCA (UK)
- NSE
