EPFX Forex Broker Review July 2024

EPFX Forex Broker Review July 2024

✅Spreads as low as 0.0 ✅Micro lot trading ✅Leverage up to 1:500 ✅Over 300 tradeable instruments  
Home » EPFX Forex Broker Review March 2024

Risk Warning: Your capital is at risk. 74-89% of retail investors lose money when trading CFDs.
You should consider whether you can afford to take the high risk.

EPFX is an ECN broker that was founded in 2022. You can trade with forex currency pairs, indices, metals and cryptocurrencies.

MetaTrader 5, Metatrader4 and cTrader are the most popular platforms on EPFX. With swift deposit and withdrawal options and 24/7 support, this South African broker is gaining popularity fast. 

The broker is operating under company name EPFX PTY LTD with registration number 2022/526513/07, which adds a layer of trust for clients concerned with the safety of their investments. It is regulated by the Australian regulatory body as well as South African , so be careful. 

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Min Deposit: $10

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Min Deposit: $10

Bonuses and Promotions

There are no bonuses available at this time. Come back later or check their website for updates. 

Account Types

EPFX offers 3 account types on 3 platforms, but not all 3 are available everywhere. Metatrader5 and Metatrader4 have all 3 available while cTrader has only zero commission and raw spread account.  

Raw SpredZero CommissionHybrid
Raw Spreads (Start at 0.0)Zero CommissionsLow Spreads (Start at 0.5)
Low, flat-rate commissionsLow Spreads (Start at 1.5)Low, flat-rate $7 commissions
Up to 1:500 leverageUp to 1:500 leverageUp to 1:500 leverage
Trade US30 with 0.01 lotsTrade US30 with 0.01 lotsTrade US30 with 0.01 lots
Hedging enabledHedging enabledHedging enabled
MT5 & cTraderMT5 & cTraderMT5 & cTrader
EAs enabledEAs enabledEAs enabled

Trading Instruments

EPFX offers more than 300 tradable instruments. Here is a quick overview of the trading instruments offered:

  • Forex: Major, minor, and exotic pairs
  • Stock CFDs: Wide variety of international stocks
  • Cryptocurrency CFDs: Popular digital currencies
  • Commodities: Oil, metals, agricultural products
  • Metals: Gold, silver, and more
  • Indices: Major global indices

Spread and Leverage Details

EPFX offers competitive trading conditions with spreads as low as 0.0 pips

EPFX offers leverage up to 1:500, which implies that traders can control a large position with a relatively small amount of capital. Here is a brief overview of EPFX’s spread and leverage details:

  • Spreads:
    • Starting from 0.0 pips
    • Variable according to account type and market volatility
  • Leverage:
    • Maximum of 1:500 ratio
    • Allows for greater market exposure with less capital

Fees and Commissions

Commission fees and withdrawal fees vary based on the chosen account type. Certain accounts provide a zero-commission. Below are the key features that come with a fee::

  • Low Spreads: Starting from 0.0 pips.
  • Commission Options: Ranging from zero commission accounts to those with a commission-based structure.

EPFX has an inactivity fee.

Customer Support

According to user testimonials, EPFX offers several channels through which you can reach their support team and users have had positive experiences.

Support ChannelDetails
Email[email protected].
Telephone+1 888 239 7924

Educational Resources

EPFX offers educational material for both beginners and expert trades. 

  • Forex Education
  • MetaTrader 5 Tutorials
  • cTrader Tutorials
  • MetaTrader 4 Tutorials

Real User Feedback

Traders frequently comment on the responsiveness of 24/7 customer support, but have in mind there aren’t many reviews available. On Trustpilot we only found 7 reviews giving them a score of 4.3/5

  • “Customer service is readily available when needed.”
  • “Support team resolves issues promptly.”

In terms of withdrawals, EPFX has been noted for its variety of methods and processing times:

  • “Withdrawal options are plentiful and efficient.”
  • “Funds are received in a timely manner.”

The choice of trading platforms like MetaTrader 5, cTrader, and ZeroX Trader is often brought up, with users appreciating the flexibility:

  • “MetaTrader 5 meets all my trading needs.”
  • “Versatile platforms for different trading styles.”

Payment Methods

EPFX offers a variety of payment methods to cater to their diverse clientele. Deposits and withdrawals can be made using different methods, ensuring flexibility and convenience for traders. Fees for deposits are zero and processed within 24hours. 

MethodAvailabilityCurrenciesMin. DepositMax. Deposit
WIRE TransferGlobal, except China MainlandMulti-currencies$100$10,000
Union PayChina MainlandCNY$300$10,000
BitcoinGlobalUSDT ERC-20, USDT TRC-20, BTC, ETH$101$50,000
NetellerGlobal, except EuropeMulti-currencies$100$150,000
PayTrustIndonesia, Malaysia, VietnamIDR, MYR, VND$100$10,000
Perfect MoneyGlobalUSD/EUR$100$50,000
SkrillGlobal, except EuropeMulti-currencies$100$150,000
Neteller (THB QR Payment)ThailandTHB$100Depends on client’s bank limit

Frequently Asked Questions

What are the regulatory credentials of EPFX Forex Broker?

ASIC and FCSA. It is regulated by Australia and South Africa. The broker is registered under the company name: EPFX PTY LTD. 

Can traders from the USA legally trade with EPFX?

No. USA traders are not allowed to trade using this broker.

Are there any issues with withdrawals or deposits at EPFX?

Not many issues have been reported since there isn’t much real user feedback online.

Welcome Bonus NONE Min Deposit: $25
Licensing & Safety
Bonuses & Promotions
Customer Support
4.0 Overall Rating

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EPFX Forex Broker Review July 2024