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EPFX -

Regulated

Score

6.70 /10

Average

EPFX

Item: EPFX
Rating: 6.70

South Africa

1-2 years

Regulated in South Africa

Retail Forex License

MT5 Full License

Regional Brokers

https://www.epfx.com

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Comparison

Quantity 1

Exposure

Open Account

Website

Score

Regulatory Index5.87

Business Index4.97

Risk Management Index9.26

Software Index9.46

License Index5.87

Open Account

Website

Licenses

FSCA Regulated

Retail Forex License

ASIC Regulated

VPS Standard

No restriction on the broker account. Support service provided by WikiFX

Single Core

40G

open now

Regulatory disclosure

Danger

ES CNMV

2024-10-07

CNMV ISSUES WARNING TO THE PUBLIC ON UNREGISTERED FIRM

EPFX

Broker Information

Company Name

EPFX GLOBAL PTY LTD

Company Abbreviation

EPFX

Platform registered country and region

South Africa

Company website

https://www.epfx.com

Company summary

Pyramid scheme complaint

Expose

EPFX · 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

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Time Machine

Benchmark	--
Maximum Leverage	1:500
Minimum Deposit	--
Minimum spread	0.0
Products	--

Currency	--
Minimum position	--
Supported EA
Depositing Method	--
Withdrawal Method	--
Commission	--

Exposure

1 pieces of exposure in total

Pyramid scheme complaint

Expose

Unable to Withdraw

Profits Stolen

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.

thesouthtrader

2024-04-26 14:59

EPFX · 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

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

News

ExposureWikiFX Broker Assessment Series | EPFX: Is It Trustworthy?

In this article, we will conduct a comprehensive examination of EPFX, delving into its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service. WikiFX endeavours to provide you with the essential information required to make an informed decision about utilizing this platform.

WikiFX

2024-04-29 17:53

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Comments

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FX3261810761

3-6months

EPFX LET ME HAVE MY MONEY BACK WHY DID YOU BLOCK MY WITHDRAW FUNCTION FROM MY ACCOUNT??? JUST GIVE ME BACK THE MONEY

Translate to English

2024-09-20 19:42

FX9661244482

3-6months

EPFX LET ME TAKE BACK MY MONEY!!! THIS SITE WANTS TO SCAM MY MONEY, THEY DON'T LET ME WITHDRAW PROFIT!! DON'T TRADE AT THIS SCAM SITE ANYMORE JUST GIVE MY MONEY BACK, SCAMMER EPFX

Translate to English

2024-09-20 18:57