EPFX is a trading platform based in South Africa and regulated by ASIC. It offers market instruments such as Forex, Commodities, Stocks, and Cryptocurrencies. Traders can access various account types, including the Raw Spread Account and Zero Commission Account, with a minimum deposit of $100 and leverage of up to 1:500.
Quick Overview of EPFX
| Feature | Data |
|---|---|
| Company Name | EPFX GLOBAL PTY LTD |
| Registered | South Africa |
| Regulation | ASIC (Australian Securities & Investment Commission) & FSCA |
| Market Instruments | Forex, Commodities, Stocks, Cryptocurrencies |
| Account Types | Raw Spread Account, Zero Commission Account, Deposit Bonus Account, Hybrid Account |
| Minimum Deposit | $100 |
| Maximum Leverage | Up to 1:500 |
| Spreads | Raw Spread Account: Starting from 0.0 pips; Zero Commission Account: Starting from 1.5 pips |
| Trading Platforms | cTrader, MetaTrader 5, ZeroX Trader |
| Customer Support | Email: [email protected], Phone: +1 888 239 7924 |
| Deposit & Withdrawal | 10+ payment methods available with processing times and potential fees |
| Educational Resources | Forex Education, MetaTrader 5 Tutorials, cTrader Tutorials, ZeroX Tutorials |
Top EPFX Alternatives
Market Instruments
EPFX offers access to over 300 instruments across financial markets. With a minimum deposit requirement of $100, you can start trading in any of the financial markets.
EPFX allows trading of more than 60 currency pairs, including Majors, Minors, and a comprehensive list of Exotic cross currencies. You can start trading in long and short positions on your chosen US or EU companies through Share CFDs with 1:500 leverage.
EPFX offers CFDs on over 25 popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, TRON, SAND, and Dogecoin, all tradable against USD and EUR. The platform supports trading in Commodities and Metals ( gold, silver, US Oil, and UK Oil) against the US dollar.
EPFX provides access to traders and you can trade with popular indices like NAS 100, SP500, and US30 with tight spreads.
- Diverse Asset Selection: Forex, commodities, cryptocurrencies, and stocks
- Educational Resources: including tutorials, courses, and learning modules
- Multiple Trading Platforms: MetaTrader 5. Metatrader4, ZeroxTrader, cTrader
- Regulated by ASIC & FSCA: EPFX is regulated by the Australian Securities and Investments Commission (ASIC) and Financial Service Corporate (FSCA) in South Africa
- Limited Customer Support Options: EPFX has limitations in its customer support options
- Withdrawal Fees: EPFX imposes withdrawal fees
Account Types
EPFX offers 4 account types.
The Raw Spread account is for traders who want the tightest spreads, starting at 0.0 pips. It has low, flat-rate commissions and offers leverage of up to 1:500, allowing traders to maximize their potential. This account is compatible with both MT5 and cTrader platforms, and it comes with zero commissions.
The Zero Commission account is good for you if you need low spreads, starting at 1.5 pips. It offers leverage of up to 1:500 and allows trading of US30 with 0.01 lots, without commissions.
The Deposit Bonus account has a 50% deposit bonus, Raw Spreads, flat-rate commissions, and high leverage.
The Hybrid account has low spreads, starting at 0.5 pips, with low, flat-rate $7 commissions, and supports hedging and EAs.
How to Open an Account？
Here are 6 easy steps to open an account with EPFX:
- Go to the official EPFX website.
- Click on “Register” and fill out the personal details form accurately.
- Select the account type.
- Complete the verification process by providing personal documents.
- Deposit the minimum required for your chosen account.
- Start Trading
Leverage 1:500
EPFX offers a maximum leverage of up to 1:500 for traders on their platform. This means that you can potentially control a larger position size relative to their initial investment. It allows traders to open larger positions with a smaller amount of capital.
Trading Platforms – Metatrader5, ZeroX Trader, cTrader
cTrader offers charting tools, advanced order types, and efficient execution.
ZeroX Trader is very user-friendly, it has good security, and advanced charting tools. It also has social trading features, helping with the trading experience.
MetaTrader 5 (MT5) is known for various trading tools. MT5 is best for professional traders.
Deposit & Withdrawal
The method you used to deposit you can use to withdraw the earnings. Check out the popular EPFX methods below:
| Payment Method | Minimum Deposit | Processing Time | Fees |
|---|---|---|---|
| Bank Wire | $100 | Within 24 hours | None |
| China Union Pay | $101 | Within 24 hours | None |
| Credit Card | $100 | Within 24 hours | None |
| Cryptocurrency | $100 | Within 24 hours | None |
| Dragonpay | $101 | Within 24 hours | None |
| FASA | $101 | Within 24 hours | None |
| Neteller | $100 | Within 24 hours | None |
| Paytrust | $100 | Within 24 hours | None |
| Perfect Money | $100 | Within 24 hours | None |
| Skrill | $100 | Within 24 hours | None |
| STICPAY | $100 | Within 24 hours | None |
| THB QR Payment | $100 | Within 24 hours | None |
Customer Support
You can reach out to the support team:
- Email at: [email protected]
- Phone at: +1 888 239 7924.
- Address: 1 Hood Avenue, Rosebank, Johannesburg, Gauteng 2196, South Africa
Conclusion
EPFX offers over 300 assets from various financial markets, allowing traders to explore multiple investment opportunities. The broker has educational resources Their tutorials and courses for traders of all experience levels are perfect to get you started. Their offer of multiple trading platforms, competitive spreads, and regulation by ASIC make it a very attractive option.
There are some less attractive things as well. The EPFX broker has limited customer support options and withdrawal fees. You should carefully check these aspects in relation to your specific trading needs.
