EPFX Forex Broker

EPFXReview SummaryFounded2001Registered Country/RegionSouth AfricaRegulationExceededMarket InstrumentsForexCommoditiesIndicesShares CFDsCrypto CFDsDemo Account✅LeverageUp to 1:500Spread0.2 (EUR/USD)Trading PlatformMT5C-TraderCopy TraderDemo TraderMin Deposit$25Customer SupportPhone: +1888 239 7924Email: support@epfx.comSocial Media: Instagram, Facebook, YoutubePhysical Address: 1Hood Avenue Rosebank Johannesburg Gauteng 2196EPFX 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 ConsProsCons300+ instrumentsAbnormal regulatory state6 types of accountsA withdrawal fee is chargedSome accounts spread from 0.0Some accounts are commission-free12 different ways to deposit or withdraw moneyIs EPFX Legit?Regulated Country/RegionRegulated AuthorityFSCARegulated EntityEPFX (PTY) LTDLicense TypeFinancial Service CorporateLicense Number53180Current StatusExceededWhat 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 InstrumentsSupportedForex✔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 TypesRAW SpreadsZero CommissionHybridIslamic50% Deposit BonusCent AccountSpreadsFrom 0.0-From 0.5From 0.0From 0.0-Commission-$0.00---$0.00Minimum Deposit$25$25$25$25$25$25Deposit Fees$0$0$0$0$0$0Leverage1:25 to 1:5001:25 to 1:5001:25 to 1:5001:25 to 1:5001:200 to 1:5001:25 to 1:500EPFX 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.InstrumentSpreadAUDCAD0.2AUDCHF4.3AUDJPY0.8AUDNZD2.4AUDUSD0.3CADCHF7.6CADJPY1.4EURAUD2.1EURCAD0.7EURGBP0.7EURHUF83.5EURJPY1.9...... The spread of Crypto CFDs ranges from 0.1 to 2270.InstrumentSpreadBTCUSD2270ETHUSD260LTCUSD29XRPUSD0.1BCHUSD91 The spread of Share CFDs ranges from 1 to 387.InstrumentSpreadApple0.01AbbVie0.03Abbott Laboratories0.03Accenture0.09Adobe0.49Amazon0Broadcom0.87Bank of America0.01Carvana0Codelco0.12Salesforce0.13Cisco0.01Chevron0.05Alphabet0.1Intel0.01Netflix0.29Pfizer0.02Tesla0.13 Commodity spreads range from 2.5 to 20.InstrumentSpreadGold20Silver2.5US Crude Oil3.7Brent Crude Oil11.3 Indices spreads range from 210 to 800.InstrumentSpreadAU200230GER30300HK50880JP225700UK100210DJ30220Trading Platform EPFX offers four trading platforms: MT5, C-Trader, Copy Trader, Demo Trader. They can be used on desktop or mobile.Trading PlatformSupportedAvailable DevicesSuitable forMT5✔Desktop, MobileAll tradersC-Trader✔Desktop, MobileAll tradersCopy Trader✔-All tradersDemo Trader✔-BeginnersMT4❌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 MethodAvailabilityCurrencyMin. DepositMax. DepositProcessing TimeFeesBank WireGlobal, except China MainlandMulti-currencies$100$250,000Within 24 hours0%China Union PayChina MainlandCNY$300$10,000Within 24 hours0%VISA Credit CardGlobalMulti-currencies$25$20,000Within 24 hours0%CryptocurrencyGlobalUSDT ERC-20, USDC ERC-20, BTC, ETH$25UnlimitedWithin 24 hours0%DragonpayPhilippinesPHP$100$150,0005-6 hours0%FASAIndonesiaUSD$100$5,000Within 24 hours0%NetellerGlobal, except EuropeMulti-currencies$100$150,000Within 24 hours0%PaytrustIndonesia, Malaysia, VietnamIDR, MYR, VND$100$10,000Within 24 hours0%Perfect MoneyGlobalUSD/EUR$100$50,000Within 24 hours0%SkrillGlobal, except EuropeMulti-currencies$100$150,000Within 24 hours0%STICPAYGlobalMulti-currencies$100$50,000Within 24 hours0%THB QR PaymentThailandTHB$100Depends on client's bank limitWithin 24 hours0% EPFX also has 12 withdrawal methods, with a minimum withdrawal amount of $50, and a certain withdrawal fee is charged on demand.Withdrawal MethodAvailabilityMin. WithdrawalMax. WithdrawalProcessing TimeFeesBank WireGlobal, except China Mainland$50$250,0003 to 7 business daysMay incur around $25 intermediary feeChina Union PayChina Mainland$50$15,0001 to 7 business daysDepends on the receiving bankVISA Credit CardGlobal$50$20,0001 to 7 business days0%CryptocurrencyGlobal$50UnlimitedDepends on the receiving exchange4% fee imposed by payment providerDragonpayPhilippines$50$15,0001 to 7 business daysDepends on the receiving bankFASAIndonesia$50$1,5001 to 7 business days0%NetellerGlobal, except Europe$50$10,0001 to 7 business daysDepends on the receiving bankPaytrustIndonesia, Malaysia, Vietnam$50$15,0001 to 7 business daysDepends on the receiving bankPerfect MoneyGlobal$50$25,0001 to 7 business daysDepends on the receiving bankSkrillGlobal, except Europe$50$10,0001 to 7 business daysSkrill may impose a 1 to 3% feeSTICPAYGlobal$50$5,0001 to 7 business daysSticpay may impose a 1 to 3% feeTHB QR PaymentThailand$50$15,0001 to 7 business daysDepends on the receiving bank