Score
South Africa
|
2-5 years
| https://www.epfx.com/
Website
Rating Index
Influence
D
Influence index NO.1
Vietnam 2.85 South Africa
epfx.com United States
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| EPFXReview Summary | |
| Founded | 2001 |
| Registered Country/Region | South Africa |
| Regulation | Exceeded |
| Market Instruments | ForexCommoditiesIndicesShares CFDsCrypto CFDs |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | 0.2 (EUR/USD) |
| Trading Platform | MT5C-TraderCopy TraderDemo Trader |
| Min Deposit | $25 |
| Customer Support | Phone: +1888 239 7924 |
| Email: support@epfx.com | |
| Social Media: Instagram, Facebook, Youtube | |
| Physical Address: 1Hood Avenue Rosebank Johannesburg Gauteng 2196 | |
EPFX, a securities firm incorporated in South Africa in 2001, offers 300+ trading instruments, 6 account types and 4 trading platforms. In addition, it supports spreads from 0 points and commission-free trading. At present, the regulatory status of EPFX is abnormal and has been judged to be “Exceeded”.
| Pros | Cons |
| 300+ instruments | Abnormal regulatory state |
| 6 types of accounts | A withdrawal fee is charged |
| Some accounts spread from 0.0 | |
| Some accounts are commission-free | |
| 12 different ways to deposit or withdraw money |
| Regulated Country/Region |  |
| Regulated Authority | FSCA |
| Regulated Entity | EPFX (PTY) LTD |
| License Type | Financial Service Corporate |
| License Number | 53180 |
| Current Status | Exceeded |
EPFX offers 300+ instruments, including 36 Forex, 5 crypto CFDs,18 share CFDs,4 commodities,6 indices and more.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Shares CFDs | ✔ |
| Crypto CFDs | ✔ |
| Bonds | ❌ |
| ETF | ❌ |
EPFX has 6 types of accounts for traders to choose from: RAW Spreads, Zero Commission, Hybrid, Islamic, 50% Deposit Bonus, Cent Account.
They have a minimum deposit of $25 and a maximum leverage of 1:500.
| Account Types | RAW Spreads | Zero Commission | Hybrid | Islamic | 50% Deposit Bonus | Cent Account |
| Spreads | From 0.0 | - | From 0.5 | From 0.0 | From 0.0 | - |
| Commission | - | $0.00 | - | - | - | $0.00 |
| Minimum Deposit | $25 | $25 | $25 | $25 | $25 | $25 |
| Deposit Fees | $0 | $0 | $0 | $0 | $0 | $0 |
| Leverage | 1:25 to 1:500 | 1:25 to 1:500 | 1:25 to 1:500 | 1:25 to 1:500 | 1:200 to 1:500 | 1:25 to 1:500 |
The starting spread of the account ranges from 0.0 to 0.5. There are no deposit fees for all accounts. Zero Commission and Cent Account do not charge commission.
In forex pairs, the spread of EUR/USD is 0.2, and the rest of the forex pairs range from 0.2 to 5875.
| Instrument | Spread |
| AUDCAD | 0.2 |
| AUDCHF | 4.3 |
| AUDJPY | 0.8 |
| AUDNZD | 2.4 |
| AUDUSD | 0.3 |
| CADCHF | 7.6 |
| CADJPY | 1.4 |
| EURAUD | 2.1 |
| EURCAD | 0.7 |
| EURGBP | 0.7 |
| EURHUF | 83.5 |
| EURJPY | 1.9 |
| ... | ... |
The spread of Crypto CFDs ranges from 0.1 to 2270.
| Instrument | Spread |
| BTCUSD | 2270 |
| ETHUSD | 260 |
| LTCUSD | 29 |
| XRPUSD | 0.1 |
| BCHUSD | 91 |
The spread of Share CFDs ranges from 1 to 387.
| Instrument | Spread |
| Apple | 0.01 |
| AbbVie | 0.03 |
| Abbott Laboratories | 0.03 |
| Accenture | 0.09 |
| Adobe | 0.49 |
| Amazon | 0 |
| Broadcom | 0.87 |
| Bank of America | 0.01 |
| Carvana | 0 |
| Codelco | 0.12 |
| Salesforce | 0.13 |
| Cisco | 0.01 |
| Chevron | 0.05 |
| Alphabet | 0.1 |
| Intel | 0.01 |
| Netflix | 0.29 |
| Pfizer | 0.02 |
| Tesla | 0.13 |
Commodity spreads range from 2.5 to 20.
| Instrument | Spread |
| Gold | 20 |
| Silver | 2.5 |
| US Crude Oil | 3.7 |
| Brent Crude Oil | 11.3 |
Indices spreads range from 210 to 800.
| Instrument | Spread |
| AU200 | 230 |
| GER30 | 300 |
| HK50 | 880 |
| JP225 | 700 |
| UK100 | 210 |
| DJ30 | 220 |
EPFX offers four trading platforms: MT5, C-Trader, Copy Trader, Demo Trader. They can be used on desktop or mobile.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Desktop, Mobile | All traders |
| C-Trader | ✔ | Desktop, Mobile | All traders |
| Copy Trader | ✔ | - | All traders |
| Demo Trader | ✔ | - | Beginners |
| MT4 | ❌ |
EPFX has 12 deposit options, most with a minimum deposit of $100 and a few with a minimum deposit of $25 or $300.
| Deposit Method | Availability | Currency | Min. Deposit | Max. Deposit | Processing Time | Fees |
| Bank Wire | Global, except China Mainland | Multi-currencies | $100 | $250,000 | Within 24 hours | 0% |
| China Union Pay | China Mainland | CNY | $300 | $10,000 | Within 24 hours | 0% |
| VISA Credit Card | Global | Multi-currencies | $25 | $20,000 | Within 24 hours | 0% |
| Cryptocurrency | Global | USDT ERC-20, USDC ERC-20, BTC, ETH | $25 | Unlimited | Within 24 hours | 0% |
| Dragonpay | Philippines | PHP | $100 | $150,000 | 5-6 hours | 0% |
| FASA | Indonesia | USD | $100 | $5,000 | Within 24 hours | 0% |
| Neteller | Global, except Europe | Multi-currencies | $100 | $150,000 | Within 24 hours | 0% |
| Paytrust | Indonesia, Malaysia, Vietnam | IDR, MYR, VND | $100 | $10,000 | Within 24 hours | 0% |
| Perfect Money | Global | USD/EUR | $100 | $50,000 | Within 24 hours | 0% |
| Skrill | Global, except Europe | Multi-currencies | $100 | $150,000 | Within 24 hours | 0% |
| STICPAY | Global | Multi-currencies | $100 | $50,000 | Within 24 hours | 0% |
| THB QR Payment | Thailand | THB | $100 | Depends on client's bank limit | Within 24 hours | 0% |
EPFX also has 12 withdrawal methods, with a minimum withdrawal amount of $50, and a certain withdrawal fee is charged on demand.
| Withdrawal Method | Availability | Min. Withdrawal | Max. Withdrawal | Processing Time | Fees |
| Bank Wire | Global, except China Mainland | $50 | $250,000 | 3 to 7 business days | May incur around $25 intermediary fee |
| China Union Pay | China Mainland | $50 | $15,000 | 1 to 7 business days | Depends on the receiving bank |
| VISA Credit Card | Global | $50 | $20,000 | 1 to 7 business days | 0% |
| Cryptocurrency | Global | $50 | Unlimited | Depends on the receiving exchange | 4% fee imposed by payment provider |
| Dragonpay | Philippines | $50 | $15,000 | 1 to 7 business days | Depends on the receiving bank |
| FASA | Indonesia | $50 | $1,500 | 1 to 7 business days | 0% |
| Neteller | Global, except Europe | $50 | $10,000 | 1 to 7 business days | Depends on the receiving bank |
| Paytrust | Indonesia, Malaysia, Vietnam | $50 | $15,000 | 1 to 7 business days | Depends on the receiving bank |
| Perfect Money | Global | $50 | $25,000 | 1 to 7 business days | Depends on the receiving bank |
| Skrill | Global, except Europe | $50 | $10,000 | 1 to 7 business days | Skrill may impose a 1 to 3% fee |
| STICPAY | Global | $50 | $5,000 | 1 to 7 business days | Sticpay may impose a 1 to 3% fee |
| THB QR Payment | Thailand | $50 | $15,000 | 1 to 7 business days | Depends on the receiving bank |
In this article, we will conduct a comprehensive examination of EPFX, delving into its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service. WikiFX endeavours to provide you with the essential information required to make an informed decision about utilizing this platform.
The spread for forex pairs like EUR/USD starts at 0.2 pips for the standard account. For crypto CFDs like Bitcoin, spreads can vary, and the spread on Tesla stock is as low as $0.01 per share. In my experience, EPFX broker offers very competitive spreads, which makes it an attractive option for traders like me who focus on cost-efficiency.
EPFX offers low spreads starting from 0.0 pips for the RAW spreads account. There are no commission charges for the Zero Commission and Cent accounts. However, if you use the ECN account, you will pay a $7.50 commission per lot. From my experience with EPFX trading, I’ve found their fee structure to be relatively competitive, especially for active traders who prefer tight spreads.
EPFX is not fully regulated and holds a revoked ASIC license along with an unverified FSCA license. In my view, the revoked ASIC regulation and unverified FSCA license diminish the platform's credibility. While it may be tempting to try EPFX trading, the lack of strong regulation raises important questions about its legitimacy and safety for traders.
Since EPFX's ASIC license has been revoked and its FSCA license remains unverified, I would consider it risky to trade with them. While the platform offers a variety of trading instruments, the lack of strong regulation means there may be limited recourse if something goes wrong. From my perspective, EPFX broker might be more suited for experienced traders who can manage risk, but I’d be cautious.
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FX3456153095
Vietnam
I created an account to receive a 50% bonus and when I made a deposit, I didn't receive it. Now when I ask for compensation, the platform just apologizes and expresses regret, speaking irresponsibly. The overnight fee for sell orders is nearly three times higher than for buy orders. Everyone should consider this when investing.
Exposure
FX4495850892
Vietnam
Why can't I WD my money and profit after trade although I did it normally, analyze the chart, and begin trading? NOW YOU GUYS DON'T LET ME TAKE MY PROFIT AND MONEY BACK? WHAT DO YOU GUYS WANT? YOU GUYS WANT TO SCAM MY MONEY? JUST GIVE ME BACK MY MONEY!
Exposure
FX3261810761
Vietnam
EPFX LET ME HAVE MY MONEY BACK WHY DID YOU BLOCK MY WITHDRAW FUNCTION FROM MY ACCOUNT??? JUST GIVE ME BACK THE MONEY
Exposure
FX9661244482
Vietnam
EPFX LET ME TAKE BACK MY MONEY!!! THIS SITE WANTS TO SCAM MY MONEY, THEY DON'T LET ME WITHDRAW PROFIT!! DON'T TRADE AT THIS SCAM SITE ANYMORE JUST GIVE MY MONEY BACK, SCAMMER EPFX
Exposure
Carsgentle
Mexico
I had one extremely helpful and experienced team member help me with how it works I think his name is Marc he is my account manager.
Positive
Yurona
South Africa
While the $100 no deposit bonus was a great start, withdrawing profits was a hassle. Support response times were slow and unhelpful when issues arose.
Neutral
Blackoil
Pakistan
Appreciate unlike the first deposit, there has been a lot of improvement which is quite commendable. Keep it up.
Neutral
thesouthtrader
South Africa
This broker isn't a healthy environment for traders. They disabled my profile when I was asking them to resolve their technical issues regarding me being able to withdraw my $45 profits imagine what kind of a regulated broker runs away with $45 of a traders that's pure desperation and unethical business practices. I would never recommend anyone to this unethical money laundering scheme platform.
Exposure
Nuotrader
Nigeria
My user experience felt like navigating through a very 'user-unfriendly' maze. The platform often reminded me of my grandmother's old computer - outdated and sluggish. The trade execution time was slower than a snail race and let me tell you, in the world of forex, time is money! Don’t even get me started on their customer service. Their responsiveness was equivalent to a stone's! Each time I ran into issues, they conveniently went into hibernation mode.
Neutral
FX1524833598
South Africa
Starting with the positives, let's talk about trading platform performance. It's pretty solid, not gonna lie. But, every rose has its thorns, right? With EPFX, the glaring one for me is their customer service. To put in a polite term, it's 'lackadaisical'. Had an issue with a transaction once and getting a helpful, timely response was like pulling teeth. Their withdrawal speed too can be a bit like a marathon, not a sprint. Keeping fingers crossed and just waiting for my withdrawal was not the most pleasant experience.
Neutral