Forex EPFX Trading Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.6

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.8

Business 1.1

Risk Control 1.4

Software 2.1

Regulatory 1.6

Terminal Snapshot

EPFX Trading Conditions

Registered Region South Africa

Operating Period 2-5 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support@epfx.com

Contact Number +18882397924

Website www.epfx.com

Balanced Review

Pros & Cons

Pros

Regulated by FSCA and ASIC
Over 300 trading instruments across multiple asset classes
Trading platforms: MetaTrader 5 and cTrader
Extensive educational resources available for traders
Competitive trading conditions with spreads starting from 0.0 pips

Cons

Lack of regulation from major authorities
Limited customer support options
Withdrawal fees may deter traders
Relatively new in the market
Transparency concerns regarding account structure

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	EPFX	FXVIEW	Naqdi	AvaTrade
Operating Period	2-5 years	See review	See review	See review
Region	South Africa	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.6/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does EPFX Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Raw Spread Account	Traders seeking minimal spreads	Spreads starting from 0.0 pips, leverage up to 1:500	Compatible with MT5 and cTrader; suitable for those focused on tight spreads
Zero Commission Account	Traders preferring no commission fees	Spreads starting at 1.5 pips, no commissions	Ideal for fee-sensitive traders; leverages similar to other accounts
Hybrid Account	Traders looking for a balance	Spreads starting at 0.5 pips, flat-rate $7 commission	Supports hedging and EAs; provides a middle ground for cost management

Account Opening Process

To open an account with EPFX, traders must follow a series of steps. First, they will need to submit personal information, including their employment details and financial background. Next, identity verification is required, which includes providing a form of identification and proof of address. The account opening process is designed to be flexible, allowing users to upgrade to a professional account at a later stage if desired.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	0.8	$0 (ECN: $3.5/lot)	Tight spreads for major currency pairs
CFDs (Stocks, Indices)	Varies	$0	Competitive pricing based on market conditions
Cryptocurrencies (BTC/USD)	1.0%	0.1%	Variable depending on volatility

Other Fees

EPFX may impose various fees, including deposit and withdrawal fees, inactivity fees, and potential overnight interest (swap rates). Currency conversion fees may also apply, depending on the transaction details.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

EPFX User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

John Smith

Cape Town

★ ★ ★ ★ ★

I had a frustrating experience with EPFX. My withdrawal requests were repeatedly delayed, and customer support took too long to respond. It’s disappointing, as I expected better service from a regulated broker.

Sarah Johnson

Johannesburg

★ ★ ★ ★ ★

EPFX has been a great platform for me. The MetaTrader 5 interface is user-friendly, and I’ve had no issues with execution speed. Plus, their variety of trading instruments keeps my portfolio diverse.

Michael Brown

Durban

★ ★ ★ ★ ★

Terrible service! I can’t withdraw my funds after making a profit, and customer support has been unhelpful. I feel like I’m being scammed. Avoid this broker if you can.

Emily White

Pretoria

★ ★ ★ ★ ★

I’ve had a mostly positive experience with EPFX. The spreads are competitive, and I appreciate the educational resources they provide. However, I wish the customer support was more responsive during busy hours.

South Africa Market