EPFX is a regulated broker offering an ECN trading environment with over 300 tradable instruments. They provide traders with a variety of trading accounts, and EPFX broker aims to empower traders by offering a safe and regulated trading environment, ensuring client funds are kept in segregated accounts.
Nevertheless, we are here today to disclose every element concerning the transparency of this company. User satisfaction, offerings, reviews, and regulations are mandatory for a brokerage firm to be legitimate.
| General information | |
| Name | EPFX |
| Type of the company | Brokerage company |
| Regulation status | ASIC, FSCA |
| Warnings from Financial Regulators | No official warnings |
| Website link | https://www.epfx.com/ |
| Active since | 2023 |
| Registered in | Australia |
| Contact info | Phone, email |
| Trading platforms | MT4, MT5, cTrader |
| Majority of clients are from | United States, Canada, Belgium, France |
| Customer support | Phone, email, web form |
| Compensation fund | Available |
EPFX regulation – Licensed Status
The main question when it comes to choosing a valid broker is, are they regulated? Our investigation reveals that EPFX is regulated by numerous official bodies. It also operates within specific operational parameters as a legal financial service provider.
South Africa Regulation
- Entity name – EPFX Pty Ltd
- Regulated by – FSCA
- Office location – 1 Hood Avenue, Rosebank, Johannesburg, Gauteng, 2196 South Africa
Australia Regulation
- Entity name – EPFX Global Pty Ltd
- Regulated by – ASIC
- Office location – Shop 12 132 Epsom Rd, Zetland 2017, NSW Australia
On the official site, you can also find they possess regulations based in Saint Lucia.
Saint Lucia Regulation
- Entity name – EPFX Ltd
- Regulated by – ECSRC
- Office location – Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia
EPFX adheres to regulations in several jurisdictions, which is a crucial quality for any reputable brokerage company. Therefore, this commitment ensures that EPFX operates within legal frameworks that protect traders and investors.
In Australia, the regulatory laws for financial services are overseen by the Australian Securities and Investments Commission (ASIC). ASIC regulates financial markets, and financial services organizations, to ensure their conduct meets the required standards. In South Africa, the Financial Sector Conduct Authority (FSCA) oversees the regulation of financial services, including market conduct and the licensing of financial institutions.
Clients should be aware of the differing laws and regulations in their country regarding financial services. It is crucial when engaging with brokerage firms to ensure compliance and protection of their rights as investors. Make sure to avoid sketchy brokers suck as Axsio.
EPFX reviews – User Experience
The EPFX brokerage firm is a regulated entity and has oversight from official regulatory bodies like the ASIC. Despite this positive aspect, the company lacks substantial feedback from its users.
While the firm has a few positive reviews on a popular platform Trustpilot, its overall lack of feedback might be attributed to its relatively recent establishment in 2023. The firm may still be establishing its presence in the market, explaining the limited reviews
Their regulation gives them a great advantage, it also ensures that the company complies with stringent standards, providing a level of security for traders. Nonetheless, EPFX reviews could use a lot of work.
The firm should prioritize enhancing its marketing strategies to encourage more clients to provide feedback. This approach will not only improve its reputation but also help potential clients in deciding to trust them.
Trading Accounts
EPFX trading accounts provide a range of options to accommodate the requirements of various investors.
MetaTrader5, MetaTrader4 and c-Trader
Raw Spreads Account
- Raw Spreads (start at 0.0)
- Low, flat-rate commissions
Zero Commissions Account
- Zero Commissions
- Low spreads (start at 1.5)
Hybrid Account
- Low Spreads (start at 0.5)
- Low, flat-rate $7 commissions
All accounts possess:
- Up to 1:500 leverage
- Trade US30 with 0.01 lots
- Hedging enabled
- MT5 & cTrader
- EAs enabled
The firm provides three types of trading software on its official website: users can choose from EPFX MT5, EPFX MT4, and EPFX cTrader. These platforms are compatible with various devices. For users looking into regulated brokers, be sure to check out our review on Tradematics.
In certain countries or regions, particularly for Android users, there might be difficulties such as download failures or slow download speeds, possibly due to regional network restrictions or technical issues. Yet, they do have customer support and can give users accessible assistance.
Leverage
With an EPFX leverage ratio of up to 1:500, the platform enables traders to amplify their positions with a smaller amount of capital, adhering to regulatory standards and trading norms.
The available leverage levels differ depending on the trader’s chosen account type and the regulatory requirements in their region. Traders need to review EPFX’s specific terms and conditions concerning leverage.
How to Open an Account?
Opening an EPFX account is quite easy. There are a few steps to follow.
Visit the official website.
- Click on the “Sign Up” or “Register”
- Fill out the registration
- Choose the type of trading account that suits your goals
- Complete the verification process by providing the necessary documents
- Fund your account with the minimum deposit required for your chosen account type
Once the account is funded, users can access the trading platform, EPFX login should be accessible right away, and clients can start trading various instruments offered by the firm.
Deposit and Withdrawal Process
Our research team found information regarding EPFX minimum deposit, maximum deposit, withdrawal, processing time, and fees.
EPFX deposit
| Method | Min. Deposit | Max. Deposit | Processing time | Fees |
| Bank Wire | USD 100 | USD 10, 000 | Within 24 hours | 0% |
| Credit Card | USD 100 | USD 50, 000 | Within 24 hours | 0% |
EPFX withdrawal
| Method | Min. Withdrawal | Max. Withdrawal | Processing time | Fees |
| Bank Wire | USD 50 | USD 250, 000 | 3-7 business
days |
May incur around $25 |
| Credit Card | USD 50 | Depends on the amount deposited | 1 to 7 business days | 0% |
EPFX states it offers quick deposits and even quicker withdrawals are our priority. Their team is dedicated to swiftly processing user’s transactions, whether that be depositing funds into a trading account or withdrawing profits.
Conclusion
In conclusion, we can say EPFX looks like a complete package. The company is regulated by multiple official bodies, making sure that it operates within legal frameworks and adheres to stringent standards. Regulation provides traders with a level of security and confidence in committing to any brokerage company.
Despite its regulation status, EPFX does lack feedback from its users, as previously said might be the cause of their recent establishment. We do encourage the firm’s marketing team to work on getting more positive reviews since that can only benefit their business.
Overall, EPFX offers a great deal of trading accounts, providing options to accommodate the needs and preferences of investors. Yet again, our team always advises traders to be aware of the varying laws and regulations in their country when engaging with brokerage firms.
FAQ
What is EPFX?
EPFX is a brokerage company regulated by numerous official regulatory bodies in Australia and South Africa.
Is EPFX Legit?
Yes, it’s regulated by ASIC, however, it does lack reviews on Trustpilot.
How to Trade Without Investing Own Money?
Use a demo account and practice with virtual funds first.
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