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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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 Spred | Zero Commission | Hybrid |
|---|---|---|
| Raw Spreads (Start at 0.0) | Zero Commissions | Low Spreads (Start at 0.5) |
| Low, flat-rate commissions | Low Spreads (Start at 1.5) | Low, flat-rate $7 commissions |
| Up to 1:500 leverage | Up to 1:500 leverage | Up to 1:500 leverage |
| Trade US30 with 0.01 lots | Trade US30 with 0.01 lots | Trade US30 with 0.01 lots |
| Hedging enabled | Hedging enabled | Hedging enabled |
| MT5 & cTrader | MT5 & cTrader | MT5 & cTrader |
| EAs enabled | EAs enabled | EAs 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 Channel | Details |
|---|---|
| [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.
| Method | Availability | Currencies | Min. Deposit | Max. Deposit |
|---|---|---|---|---|
| WIRE Transfer | Global, except China Mainland | Multi-currencies | $100 | $10,000 |
| Union Pay | China Mainland | CNY | $300 | $10,000 |
| VISA | Global | Multi-currencies | $100 | $50,000 |
| Bitcoin | Global | USDT ERC-20, USDT TRC-20, BTC, ETH | $101 | $50,000 |
| Dragonpay | Philippines | PHP | $100 | $150,000 |
| Fasapay | Indonesia | USD | $100 | $5,000 |
| Neteller | Global, except Europe | Multi-currencies | $100 | $150,000 |
| PayTrust | Indonesia, Malaysia, Vietnam | IDR, MYR, VND | $100 | $10,000 |
| Perfect Money | Global | USD/EUR | $100 | $50,000 |
| Skrill | Global, except Europe | Multi-currencies | $100 | $150,000 |
| Sticpay | Global | Multi-currencies | $100 | $50,000 |
| Neteller (THB QR Payment) | Thailand | THB | $100 | Depends 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.
