Activate your live trading account ¸with the widely known mobile phone-based money transfer app M-Pesa.

The benefits of making deposits with M-Pesa:

  • Make quick deposits and withdrawals via M-Pesa.
  • All deposits and withdrawals are commission-free.
  • Completely user-friendly.
  • Available in English and Swahili.

M-Pesa is the most commonly used e-Wallet in Kenya, which allows its clients to pay for a variety of goods and services.

This payment method is both easy to use and quick to approve transactions. Any deposit you make will appear in your trading account within the hour.

Opening Your M-Pesa Account

To set up an M-Pesa account, you will need to go to M-Pesa Agent outlet or Safaricom Retail Centre. You will also need a mobile phone with a Safaricom SIM card, along with one of the identifying documents below:

  • A National ID
  • Valid Passport
  • Valid Foreign Passport
  • Military ID
  • Foreigner Certificate

Once your application has been accepted, you will receive a confirmation SMS with a PIN code to activate the app on your mobile phone.

You will also fill out a hard copy of the registration form and retain a copy of it as proof of your application.

How to deposit with M-Pesa (video) - 1minutes

How to deposit with M-Pesa in 10steps

Step 1

Go to the M-Pesa app on your phone, select “Lipa na M-Pesa”.

Step 2

Select “Paybill”.

Step 3

Select “Enter business no.” and enter the 510800 as the business no and press “OK”.

Step 4

Select “Enter account no” i.e. Equity Bank account number(e.g. 0100 xxxx xxxx) and press “OK”.

Step 5

Enter the amount you want to deposit and press “OK”.

Step 6

Enter your M-PESA PIN and press “OK”..

Step 7

Confirm all the details are correct and press “OK”.

Step 8

You will receive a verification popup from M-Pesa where you have 1 minute to verify that the details are correct, if correct, dismiss or ignore, if wrong, enter the number 1 and press OK to cancel the transaction.

Step 9

You will receive a confirmation SMS from M-Pesa immediately.

Step 10

Equity Bank will then send you a confirmation SMS shortly.
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Trading Foreign Exchange (Forex) and Contracts for Differences (CFD’s) is highly speculative, carries a high level of risk and may not be suitable for all investors. You may sustain a loss of some or all of your invested capital, therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin.

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