EPFX is a regulated forex broker offering an ECN trading environment. It supports over 300 tradable instruments, including forex, stock CFDs, cryptocurrency CFDs, commodities, metals, and indices.
Key features include: low spreads from 0.0 pips, $25 minimum deposit, options for zero commission accounts, same-day withdrawal processing, regulatory safeguards, and a commitment to fast trade execution. EPFX offers platforms and educational resources to a wide range of traders.
The Best EPFX Alternative Broker
Is EPFX Compliant? Is It Regulated?
As a legal financial service provider, EPFX operates with specific operational details and restrictions:
EPFX restricted countries include: United States, Israel, New Zealand, Iran, and North Korea, and any country where its services would contradict local laws or regulations. Potential clients wishing to open an account with EPFX Pty Ltd should verify local laws to ensure they meet the opening criteria.
The official website of EPFX is www.epfx.com, operated by EPFX PTY LTD registered in South Africa, with the company registration number 2022/526513/07. The company’s registered address is 1 Hood Avenue Rosebank Johannesburg Gauteng 2196. EPFX PTY LTD is a member of the EPFX group, which includes other subsidiaries such as EPFX LTD and EPFX GLOBAL PTY LTD.
Regarding regulation, EPFX PTY LTD is supervised by the South African Financial Sector Conduct Authority (FSCA) with the FSP number 53180. Meanwhile, EPFX GLOBAL PTY LTD is regulated by the Australian Securities and Investments Commission (ASIC) with the AFSL number 001306579, authorized for financial derivative transactions and adhering to strict regulatory standards.
EPFX Minimum Deposit
EPFX requires a minimum starting sum of $25. The initial deposit is determined by the chosen deposit method and can be confirmed on the company’s Funding page.
Trading Instruments
EPFX offers 300+ trading instruments suitable for various strategies and preferences. The most popular ones are: Forex currency pairs, Indices, Metals, Cryptocurrencies, Stocks
Maximum Leverage
EPFX Broker offers a 1:500 leverage ratio, enabling traders to control a larger position with a smaller amount of actual capital. Leverage determines the capital traders can borrow to increase their position size.
EPFX enforces leverage limits to align with regulatory standards and trading practices. We recommend reading EPFX Broker’s specific terms and conditions regarding leverage.
Spreads & Commissions
EPFX Broker offers zero commission on trades, making it an appealing option for traders seeking to maximize profits. This fee structure allows traders to enter and exit the markets without additional charges typically associated with trade executions.
- Commission: $0 on trades
- Spreads: As tight as 0.0 pips during peak trading hours
EPFX Broker has ultra-tight spreads that can reach as low as 0.0 pips during active trading sessions. This commitment to providing a cost-effective trading environment is especially advantageous for high-volume traders sensitive to even the smallest changes in transaction costs.
| Account Features | MetaTrader5 | cTrader | MetaTrader4 |
|---|---|---|---|
| Raw Spread Accounts | Raw spreads (starting from 0.0 pips), Low and fixed commissions, Maximum leverage of 1:500, US30 trading from 0.01 lots, Hedging trading supported, Compatible with MT5 and cTrader, Supports EA | Raw spreads (starting from 0.0 pips), Low and fixed commissions, Maximum leverage of 1:500, US30 trading from 0.01 lots, Hedging trading supported, Compatible with MT5 and cTrader, Supports EA | Raw spreads (starting from 0.0 pips), Low and fixed commissions, Maximum leverage of 1:500, US30 trading from 0.01 lots, Hedging trading supported, Compatible with MT5 and cTrader, Supports EA |
| Zero Commission Accounts | No commission, Low spreads (starting from 1.5 pips), Maximum leverage of 1:500, US30 trading from 0.01 lots, Hedging trading supported, Compatible with MT5 and cTrader, Supports EA | No commission, Low spreads (starting from 1.5 pips), Maximum leverage of 1:500, US30 trading from 0.01 lots, Hedging trading supported, Compatible with MT5 and cTrader, Supports EA | No commission, Low spreads (starting from 1.5 pips), Maximum leverage of 1:500, US30 trading from 0.01 lots, Hedging trading supported, Compatible with MT5 and cTrader, Supports EA |
| Hybrid Accounts | Low spreads (starting from 0.5 pips), Low and fixed $7 commission, Maximum leverage of 1:500, US30 trading from 0.01 lots, Hedging trading supported, Compatible with MT5 and cTrader, Supports EA | – | Low spreads (starting from 0.5 pips), Low and fixed $7 commission, Maximum leverage of 1:500, US30 trading from 0.01 lots, Hedging trading supported, Compatible with MT5 and cTrader, Supports EA |
These account types offer a variety of options to meet the needs and preferences of different investors.
Trading Software Provided by EPFX:
EPFX offers three types of trading software through its official website: MetaTrader5 (MT5), MetaTrader4 (MT4), and cTrader. These trading platforms support multi-platform applications, including desktop versions for Windows and MacOS operating systems and mobile versions compatible with iOS and Android systems. This multi-platform support ensures investors can trade anytime and anywhere.
In some countries or regions, especially for Android users, there may be issues such as unsuccessful downloads or slow download speeds. These issues may be due to regional network restrictions or other technical problems. Despite these challenges, EPFX encourages users to contact its customer support team for assistance when encountering problems.
Trading Instruments Offered by EPFX:
EPFX Forex offers over 60 currency pairs, including major and minor pairs, as well as cross-currency combinations worldwide. With a maximum leverage of 1:500, traders can execute long and short positions in companies in the USA or the EU, providing flexibility for trades.
For investors interested in cryptocurrencies, EPFX offers CFD trading in over 25 popular cryptocurrencies, including Bitcoin, Ether, Litecoin, TRON, SAND, and Dogecoin, all tradable against the USD and EUR. Additionally, EPFX supports trading in commodities and metals, including gold, silver, US crude oil, and UK Brent oil, all priced in USD and featuring competitive spreads.
EPFX also provides traders with access to various indices, covering popular ones like the Nasdaq 100, S&P 500, and Dow Jones 30, and offering tight spreads. These trading tools offer traders the opportunity to develop diversified investment strategies, meeting the needs and risk preferences of different investors.
Customer Support
EPFX Broker has great customer support, with efficient and accessible assistance.
EPFX Contact Information:
EPFX offers multichannel customer support, including:
- Email: [email protected]
- Phone: +1 888 239 7924
- Physical Address: Gauteng 2196 Johannesburg Rosebank Hood Avenue 1
EPFX Educational Resources:
Here are the educational resources offered by EPFX:
- Forex Education: EPFX offers comprehensive forex education for traders of all experience levels, covering aspects from basic concepts to advanced strategies.
- MetaTrader 5 Tutorials: EPFX provides tutorials and guides specifically for MetaTrader 5, helping traders make more effective use of this popular trading platform’s features.
- cTrader Tutorials: For traders who prefer the cTrader trading platform, EPFX offers corresponding tutorials and instructional materials.
- MetaTrader 4 Tutorials: EPFX also provides tutorials and guides for MetaTrader 4, helping traders master MetaTrader 4 and enhance their trading experience.
- Forex Education: EPFX offers comprehensive forex education for traders of all experience levels, covering aspects from basic concepts to advanced strategies.
- MetaTrader 5 Tutorials: EPFX provides tutorials and guides specifically for MetaTrader 5, helping traders make more effective use of this popular trading platform’s features.
- cTrader Tutorials: For traders who prefer the cTrader trading platform, EPFX offers corresponding tutorials and instructional materials.
- MetaTrader 4 Tutorials: EPFX also provides tutorials and guides for MetaTrader 4, helping traders master MetaTrader 4 and enhance their trading experience.
Languages Supported
The primary language used is English, serving as the default language for their official website and communication channels. Other supported languages are Spanish, Chinese, Portuguese, and Japanese.
- Competitive Fees: EPFX Broker offers lower trading costs.
- Trading Platforms: The technology provided by EPFX Broker includes advanced tools.
- Market Access: Traders have the opportunity to engage in global markets, allowing for a diversified trading portfolio.
- Research: Access to research materials helps traders make informed decisions based on comprehensive data.
- Educational Resources: New traders can access educational content designed to help them learn about markets and trading strategies.
- Fee Structure Complexity: The broker’s fee breakdown might be confusing for some users, potentially leading to a lack of transparency for customers trying to calculate potential costs.
- Platform Complexity: The advanced nature of the platforms could overwhelm new traders, as they are more focused on experienced users.
- Account Requirements: The minimum account balance may discourage people who are not ready to commit.
- Customer Service: Limited customer service options could be challenging for traders seeking immediate assistance or support.
Final Word
The brokerage operates under the regulation of the Australia Securities & Investment Commission (ASIC), with its current regulatory status noted as “Regulated” as an Appointed Representative (AR). It’s advisable to take into account the jurisdictions in which you are trading from and verify the oversight of both regulatory bodies.
Considering EPFX’s relatively short operational history of less than a year, there are concerns regarding its track record and stability within the market. Additionally, it’s worth noting that the official website only supports the English language, potentially posing a language barrier for non-English speakers interested in EPFX’s services in forex, metals, commodities, stocks, and indices.
FAQs
Withdrawals are 8am – 5pm GMT +2 and GMT -4, Monday to Friday. The approval and processing times vary by method. USDT ERC20 withdrawals are nearly instant, while bank wires typically take 1-3 business days.
The minimum amount required for withdrawals from EPFX is $25.
The minimum deposit requirement to open a live trading account with EPFX is $25.
Yes, EPFX supports deposits and withdrawals in USDT.
