EPFX entered the market in 2022. EPFX is a regulated entity, and it offers trading instruments: forex, indices, metals, cryptocurrencies, and stocks. With a focus on (ECN) environment, EPFX has raw spreads. Minimum deposit is: $100, leverage is 1: 500 and spreads starting from 0.0 pips; Zero Commission Account: from 1.5 pips, 10+ payment methods, educational resources: Forex Education, MetaTrader 5 Tutorials, cTrader Tutorials, ZeroX Tutorials.
This broker exceeds the business scope regulated by South Africa FSCA(license number: 53180) National Futures Association-UNFX Non-Forex License. Be careful if you decide to trade.
Top 5 EPFX Broker Alternatives
Overview of EPFX
The company has MetaTrader 5 and cTrader platforms. Easy to make deposits and withdrawals as well as 24/7 customer support. The broker is regulated, operating under EPFX PTY LTD with registration number 2022/526513/07 in South Africa.
EPFX is a regulated Forex broker that operates as an Electronic Communication Network (ECN) broker, promising traders direct access to other participants in the forex market. FSCA ( South Africa) and ASIC ( Australia) regulated.
Trading Platforms and Tools
- MetaTrader 5
- cTrader
- ZeroX Trader
Account Features
- Minimum Deposit: $100
- Raw Spreads: Starting from 0.0 pips
- Commission: Options for zero commission accounts
- Withdrawals: Processed on the same day
Trading Instruments
It offers a wide array of tradable assets across various categories which include:
- Forex pairs
- Stock CFDs
- Cryptocurrency CFDs
- Commodities
- Metals
- Indices
Bonuses and Promotions
EPFX doesn’t have any active bonuses at this time.
To stay updated on the latest bonuses and promotions offered by EPFX, come back here or check their website.
Account Types
EPFX offers account types tailored to accommodate various levels of trading experience.
For Beginners:
- Standard Account – Designed for those who are new to forex trading. It includes:
- User-friendly interface
- Essential trading tools and resources
- Access to customer support
For Intermediate Traders:
- Enhanced Account – Features are:
- More competitive spreads
- Lower commission rates
- Faster withdrawal processes
For Advanced Traders:
- Professional Account – Created for skilled traders and includes:
- Direct Market Access (DMA) capabilities
- A comprehensive set of advanced tools
- Tailored support from a personal account manager
Trading Instruments
EPFX offers a diverse range of trading instruments, catering to various types of traders. The broker provides access to more than 300 tradable instruments across different markets.
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
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
| Account Type | Spread (Starting) | Commission |
|---|---|---|
| Raw Spread Account | 0.0 pips | Low, flat-rate |
| Zero Commission Account | 1.5 pips | 0 |
| Deposit Bonus Account | 0.0 pips | Low, flat-rate |
| Hybrid Account | 0.5 pips | $7 flat-rate |
Fees and Commissions
EPFX enforces an inactivity fee. It is common practice for brokers to incentivize active trading, and EPFX’s fee structure aligns with this industry trend.
Customer Support
EPFX appears to have invested in providing customer support, aiming to cater to the needs of its diverse clientele. According to user testimonials, EPFX offers several channels through which traders can reach their support team.
| Support Feature | Description |
|---|---|
| [email protected] | |
| Live Chat | Check the website. |
| Telephone | +1 888 239 7924 |
While individual experiences may vary, the general consensus indicates that EPFX is committed to maintaining a high standard of customer service.
Educational Resources
EPFX caters to traders at all experience levels with a diverse range of educational resources. These are structured to bolster their clients’ trading knowledge and enhance their skills.
Video Tutorials:
EPFX provides a substantial library of over 170 video tutorials. These tutorials offer step-by-step guidance on a wide array of forex trading topics.
- Main Topics Covered:
- Introduction to Forex Trading
- Advanced Trading Strategies
- Risk Management Techniques
- Technical and Fundamental Analysis
Instructional Material:
Traders also have access to various instructional materials, which are designed with a focus on practical application and effectiveness.
Features:
- Ebooks:
Comprehensive guides on forex trading. - Daily Chart Markups:
Real-world examples used to explain trading concepts. - Blogs:
Regular posts providing insights and market updates.
EPFX emphasizes the importance of education in achieving trading proficiency. They offer these resources openly, and most can be accessed freely, enhancing the value for EPFX clients.
Real User Feedback
EPFX’s user feedback can be found on platforms such as Trustpilot and Reddit, where traders share their personal experiences with the broker. Reviews often highlight the customer service quality, withdrawal efficiency, and range of trading platforms available. Have in mind they do have high marks on Trustpilot, but there are only 7 reviews available. The score is 4.3/5
Traders frequently comment on the responsiveness of 24/7 customer support:
- “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
Deposits are processed quickly to enable traders to start trading promptly. The available payment methods are:
Deposit Methods
Bank Wire, China Union Pay, Credit Card, Cryptocurrency (USDT ERC-20, USDT TRC-20, BTC, and ETH), Dragonpay, FASA, Neteller, Paytrust, Perfect Money, Skrill, STICPAY, and THB QR Payment.
Withdrawal Methods
EPFX also provides withdrawal options that are usually same as deposit methods:
Bank Wire, China Union Pay, Credit Card, Cryptocurrency (USDT ERC-20, USDT TRC-20, BTC, and ETH), Dragonpay, FASA, Neteller, Paytrust, Perfect Money, Skrill, STICPAY, and THB QR Payment.
Transactions through EPFX are secure. While deposit methods are typically instant, withdrawal processing times can vary based on the method chosen. Traders are advised to verify their accounts and check for any associated fees or limits that may apply to their transactions.
- 300+ Asset Selection
- Various Educational Resources
- Multiple Trading Platforms
- Competitive Spreads
- Regulated by ASIC & FSCA
- Limited Customer Support Options
- Withdrawal Fees
Frequently Asked Questions
What are the regulatory credentials of EPFX Forex Broker?
It is under the authority of South Africa and Australia.
Can traders from the USA legally trade with EPFX?
No. Trading with EPFX from the United States is subject to regulatory restrictions.
Are there any known issues with withdrawals or deposits at EPFX?
It varies. User reviews and broker overviews indicate that EPFX offers fast deposit and withdrawal processes. But the experience may vary, and traders are advised to review policies.
