It wants to field official EDL candidates in national and council elections.
The move is an attempt to increase the organisation’s political influence, just like the BNP under Nick Griffin.
The party’s boss Tommy Robinson said: “We aren’t ruling it out. I think this country needs a party that’s not afraid to say things some would consider unpopular.
“My hope is still that the Tories will take a tougher stance.
“We are a single issue group and at the moment we would rather have a dialogue with the other political parties – but that could change.”
Mr Robinson, 28, real name Stephen Lennon, whose group now has 74,000 Facebook followers, predicted the EDL would have more online supporters than the Tories, Labour and the Lib-Dems by the end of the year.
He said the organisation’s main aim was to outlaw the Koran then adapt it to fit in with British society.
He said the only way to do this would be to force Muslims to realise the words of their holy scriptures are outdated.
He said: “They have got a responsibility to sort out their religion. They have to reform their religion so it fits in.”
Mr Robinson also revealed that he wants to appear on BBC1’s Question Time. And the EDL boss said that, unlike bumbling BNP leader Nick Griffin, 51, he would be a surefire hit on the show.
The BBC was blasted for allowing Mr Griffin on to the panel in 2009 and thousands of people protested outside the studios.
But Mr Robinson claimed the EDL was now so popular he would get supporters outside the venue if he appeared.
He said: “Nick Griffin got two million votes and he’s an MEP but he didn’t have anyone supporting him when he went on Question Time.
“Get me on Question Time. I’ll have 10,000 people turn up to support me.” Meanwhile a row was brewing last night over the EDL’s latest planned march, which officials claimed would cost £1million to police.
The protest is planned for March 19 in Birmingham after two Muslim councillors refused to stand up in honour of a war hero at a ceremony.
MPs have called for Home Secretary Theresa May, 54, to ban the event, which falls on the same day Wolverhampton Wanderers play Aston Villa.
In the Daily Star phone poll yesterday, 98% of readers said they agreed with the EDL’s policies.