EPFX Review 2024
EPFX, ECN forex broker, is registered in Australia in 2023, with a platform address in South Africa. Read more to find out about regulations and requirements of this broker.
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EPFX Overview
EPFX has over 300 tradable instruments, including forex, stock CFDs, cryptocurrency CFDs, commodities, metals, and indices. The platform offers low spreads, options for zero commission accounts, same-day withdrawal, and fast trade execution. EPFX minimum deposit requirement is $100.
EPFX Restricted Countries
United States, Israel, New Zealand, Iran, and North Korea, or any country where its services would contradict local laws or regulations.
Regulatory Compliance
EPFX operates with specific operational details and restrictions:
The official website, www.epfx.com, is operated by EPFX PTY LTD, registered in South Africa, with the company registration number 2022/526513/07, located at 1 Hood Avenue Rosebank Johannesburg Gauteng 2196.
EPFX PTY LTD is a member of the EPFX group, including subsidiaries such as EPFX LTD and EPFX GLOBAL PTY LTD.
EPFX PTY LTD is regulated by the South African Financial Sector Conduct Authority (FSCA) with the FSP number 53180. The company EPFX GLOBAL PTY LTD is regulated by the Australian Securities and Investments Commission (ASIC) with the AFSL number 001306579.
Account Types at EPFX
EPFX has following accounts related to MetaTrader5 (MT5), cTrader and Metatrader4 platforms:
- Raw Spread Accounts: Starting from 0.0 pips, low and fixed commissions, maximum leverage of 1:500, and compatibility with MT5 and cTrader.
- Zero Commission Accounts: No commission, low spreads starting from 1.5 pips, and compatibility with MT5 and cTrader.
- Hybrid Accounts: Low spreads starting from 0.5 pips, low and fixed $7 commission, and compatibility with MT5 and cTrader.
Trading Instruments:
EPFX offers over 60 currency pairs for forex trading, CFDs on more than 25 cryptocurrencies, commodities, metals, and indices.
Spreads and Commissions
EPFX offers competitive spreads starting from 0.00 pips across its account types, allowing traders to choose based on their preferences for low costs or zero commissions.
EPFX Contact Information
EPFX support is via email ([email protected]) and phone support at +1 888 239 7924. The physical address is Gauteng 2196 Johannesburg Rosebank Hood Avenue 1.
Educational Resources:
EPFX is providing educational resources, covering forex education, tutorials for MetaTrader 5, cTrader, and MetaTrader 4.
Pros and Cons:
Pros:
- 300+ trading assets.
- Multiple trading platform options.
- Competitive spreads starting at 0.00 pips.
- ASIC regulation & FSCA regulation.
Cons:
- Limited customer support options.
- Withdrawal fees.
- Inactivity fees
Conclusion
EPFX, an Australian-regulated ECN forex broker, offers competitive spreads, and educational resources. On the other hand, customer support options and withdrawal fees are very much limiting. We are inviting you to do a thorough research and assess your trading needs before choosing EPFX as your trading platform.EPFX has a high Trustpilot score of 4.⅗, just have in mind there are only 7 reviews submitted so far.
FAQ
Is EPFX a regulated forex broker?
Yes, EPFX is a regulated forex broker. It is regulated by the South African Financial Sector Conduct Authority (FSCA) with the FSP number 53180 and the Australian Securities and Investments Commission (ASIC) with the AFSL number 001306579.
What trading platforms are available at EPFX?
EPFX provides 3 types of trading software: MetaTrader5 (MT5), MetaTrader4 (MT4), and CTrader. These platforms support multi-platform applications.
What types of accounts does EPFX offer?
EPFX offers Raw Spread Accounts, Zero Commission Accounts, and Hybrid Accounts across MetaTrader5 (MT5) and cTrader platforms.
What are the available trading instruments at EPFX?
EPFX offers over 60 currency pairs for forex trading, CFDs on more than 25 cryptocurrencies, commodities, metals, and various indices.
What are the minimum deposit requirements at EPFX?
The minimum deposit requirement at EPFX is $100.
What are the customer support options at EPFX?
EPFX provides multichannel customer support, including email ([email protected]) and phone support at +1 888 239 7924.
Does EPFX charge withdrawal fees?
Yes, EPFX charges withdrawal fees. Traders should review the specific fee structure for withdrawals.
Can I access educational resources at EPFX?
Yes, EPFX is committed to providing traders with comprehensive educational resources, covering forex education, tutorials for trading platforms, and more.
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