Score
EPFX
South Africa|1-2 years| https://www.epfx.com/
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
United KingdomContact
Single Core
1G
40G
1M*ADSL
- This broker exceeds the business scope regulated by South Africa FSCA(license number: 53180)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!
Basic information
South Africa
1-2 years Regulated in South Africa Regulated in Australia Financial Service Corporate Appointed Representative(AR) MT5 Full License cTrader Regional Brokers Suspicious Overrun Medium potential riskAccount Information
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
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Website
epfx.com
Server Location
United States
Website Domain Name
epfx.com
Server IP
75.2.70.75
Company Summary
| 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 Information
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 and Cons
| 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 |
Is EPFX Legit?
| Regulated Country/Region |  |
| Regulated Authority | FSCA |
| Regulated Entity | EPFX (PTY) LTD |
| License Type | Financial Service Corporate |
| License Number | 53180 |
| Current Status | Exceeded |
What Can I Trade on EPFX?
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 | ❌ |
Account Types
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 |
EPFX Fees
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 |
Trading Platform
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 | ❌ |
Deposit and Withdrawal
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 |
Keywords
- 1-2 years
- Regulated in South Africa
- Regulated in Australia
- Financial Service Corporate
- Appointed Representative(AR)
- MT5 Full License
- cTrader
- Regional Brokers
- Suspicious Overrun
- Medium potential risk
Review 6
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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
04-26
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
06-17
Blackoil
Pakistan
Appreciate unlike the first deposit, there has been a lot of improvement which is quite commendable. Keep it up.
Neutral
04-30
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
2023-12-04
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
2023-12-02
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
07-09