Abstract：Lured into trading on the EPFX platform with an attractive bonus that did not come to your account? Was your profile disabled by the broker upon raising a technical query concerning a profit withdrawal request? Did the South Africa-based forex broker deny you access to withdraw your hard-earned capital from the platform? Have you faced account closure by the EPFX broker without any reason? These alleged scams have become the centre of discussion on broker review platforms. We have shared these complaints in this EPFX review article. Keep reading!
Lured into trading on the EPFX platform with an attractive bonus that did not come to your account? Was your profile disabled by the broker upon raising a technical query concerning a profit withdrawal request? Did the South Africa-based forex broker deny you access to withdraw your hard-earned capital from the platform? Have you faced account closure by the EPFX broker without any reason? These alleged scams have become the centre of discussion on broker review platforms. We have shared these complaints in this EPFX review article. Keep reading!
The List of Top Forex Trading Complaints Against EPFX
Bonus Denial, High Overnight Fees & Irresponsible Support Reported
A trader reported having invested in the EPFX platform with a view to grabbing a 50% bonus. However, as per the complaint, the trader did not receive a bonus. When inquired, the trader allegedly received a poor response from the brokers official. The trader accused the official of speaking irresponsibly. Further, the trader revealed an exorbitant fee for a sell order, almost three times higher than the one taken for the buy order. Take a look at this EPFX review, where the trader has cautioned others from investing here.
Bonus Received & Vanished, a Trader Alleged
Further adding to the alleged scams concerning the EPFX deposit bonus, a trader from Malaysia stated having received a USD 100 bonus, only for it to disappear from the trading account a day after. Stunned by this, the trader made his displeasure known to all with this negative review.
Multiple Withdrawal Denial/Delay Claims
Several traders have criticized the withdrawal blocks EPFX is accused of. While some traders have not been able to receive either of the deposits or profits, others have failed to withdraw profits. There are some whose withdrawals have been delayed by weeks or months. All of these prompted a negative EPFX review by traders. Lets look at the multiple reviews concerning poor withdrawal experiences.
Account Disabled After $45 Profit Withdrawal Request
A South Africa-based trader claimed that after earning $45 in profits, EPFX allegedly blocked the withdrawal request and disabled the trading account instead of resolving the issue. The user described the platform as unethical and untrustworthy, warning others not to trade with the broker due to concerns over unfair practices and poor handling of withdrawal requests. Know more by reading this complaint screenshot.
Account Block Without Any Reason, a Trader Claims
An Indonesian trader expressed frustration over the sudden account closure without any reason from the broker. The trader elaborated by claiming no use of any promotional programs, be it EPFX no deposit bonus (NDB) or deposit bonus. With the account being closed for unclear reasons, the trader vented out with this bad EPFX review.
No Response from EPFX Officials on Document Verification
A trader criticized the EPFX helpdesk for failing to update on the document verification process. While the helpdesk claimed to update it in two minutes, nothing as such happened, as per the complaint shared by the trader. Read the complaint below.
EPFX Review by WikiFX: Investigating the Brokers Regulatory Status
Is EPFX real or fake? You must be asking this question after reading a host of complaints against the forex broker. As the WikiFX team dug deeper into finding the details, EPFX emerged as a non-regulated entity. This revelation serves as a warning for traders to stay away from investing in this platform. Keeping this in mind, the team gave the broker a low score of 1.60 out of 10.
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