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ETFinance is one of the leading forex brokers that offer exceptional trading services. The firm started its operation in 2018 from Limassol, Cyprus. The brokerage company is highly regulated and authorized by the Cyprus Securities and Exchange Commission.
The brokerage firm is enticing traders with its marvelous trading platforms, Cyprus securities, exposure to vast financial markets, amazing trading tools, a dedicated account manager, and lots more. Below will look into the detailed ETFinance review based on various factors and services.
ETFinance is a boon for retail traders and advanced traders as it is a highly regulated broker. Magnum FX Limited operates the broker in the financial market. The broker follows all regulations and safety standards chalked out by Cyprus, making it worthwhile for market players. Moreover, it also has the license number and CySEC (Cyprus Securities and Exchange Commission) surveillance of all activities initiated by the brokerage firm is part of the Investor Compensation Fund. So, brokers can feel protected and invest their money regularly. CySEC is also equipped to save you when accounts lose money.
So, even if you indulge in CFD trading or other investments, the broker is safe. It is part Moreover, it is also associated with MiFID II. So, safety measures are better.
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The broker offers three major trading account types know Silver, Gold, and Platinum accounts. All trading accounts come with some additional features and services and their minimum deposit limits. The ETFinance account has all the services essential for trading forex and trading CFDs. The features of trading accounts are as follows:
For any trader who is a beginner and does not know much about the market, a humble beginning using a silver account is the best option. In that case, a client does not lose money while trading because the trading account is protected.
The minimum deposit is very low. So, by the time people use its services, they grow as traders. Moreover, there are no trading fees that go into it. So, novice traders can enjoy trading without any worries. It is the ladder up to becoming advanced traders by introducing them to the trading world. ETFinance traders can find several benefits here:-
Accessing the gold account would mean that a person or a client has graduated from the Silver Account. It is now the next stage where options are significantly high and so is the liberty for exploring the global market.
The reliable forex broker provides opportunities to trade with a variety of financial instruments. Moreover, features and facilities improve here considering the trade has got better experience and knows the market better than before.
The Platinum Account serves all purposes for a seasoned trader and provides access to the world of financial resources and trading opportunities. The trading experience here is next level, and it demands benefits for clients. Also, a risk warning is irrelevant here because anyone who trades here has enough idea of how trading services work.
You can trade stocks or cryptocurrencies, profits will favor you even against the tides using the platinum account. Reduced spreads, huge discounts, enhanced individual services.
The reliable broker knows the importance of a free demo account. Thus, it lets traders practice it until the time they perfect their tricks, know about the conditions of trading, and shift to a live trading account. They find exactly the same environment and regulatory authorities like Cyprus Securities and Exchange Commission (CySEC) to get accustomed to the real trading situations. Even if you have inactive accounts, you can utilize the demo account.
One can open a trading account with ETFinance by following these simple steps:
If you visit the ETFinance website, the best thing you find here is the different trading instruments or products for trading available with one of the best brokers. So, it establishes the broker as the king of assets’ providers. You can perform crypto trading, forex trading, commodity trading, stock trading, CFD trading, stock trading, ETF trading, and others.
Trading forex gives a peculiar experience to every trader. Everyone who’s looking for a new stream of trading and extra income is finding solace in the foreign exchange market. Online trading with ETFinance has made it highly accessible for those who are looking to trade Forex in the biggest liquid market worldwide. Foreign currencies are available at your disposal with a single click. Trade USD, JPY, CHF, GBP, and various exotic, major, and minor currencies through the broker.
Metals are types of commodities that are used daily by men, and women for wearing; precisely precious metals like gold, silver, and platinum. Moreover, industries and businesses utilize them for their purposes. Also, a trader can prefer CFD trading on them and earn through speculations. So, set your bids on iron, steel, copper, aluminum, copper, etc.
If you are someone who does not want to risk a lot in the market and wishes to earn a good amount, the indices market provides a handful of chances to replicate those thoughts. Invest or speculate on popular indices with CFDs to earn money. You have exchanges and markets like FTSE 100, Dow Jones 30, S&P 500, etc. You can join it with zero percent fees. Furthermore, knowledge about individual and group stocks comes naturally with indices trading.
Trading in the stocks market is one of the oldest charms that cease to fade away. ETFinance exhibits plenty of markets globally that satisfy your quench for owning shares of the finest companies. They include Facebook, Netflix, Apple, Amazon, Google, etc. You can enter the market swiftly. Deposit money and get going with the market.
The asset group revolves around daily usable goods, including groceries. Thus, the market is hot and will remain so because people need items for surviving and food is an essential commodity. So, the market will always thrive. Special measures initiated by ETFinance are benefiting its subscribers. Trade oil, sugar, natural gas, coffee, meat, etc. through CFD and futures options.
It is the newest market and gaining popularity like a wildfire and rightly so. Everyone has seen what bitcoin did during the pandemic times, creating some gigantic record that came unassumingly. ETFinance offers news alerts and information that lets investors learn and earn simultaneously. A user can anticipate the growth and earn through speculating the market with CFDs. Trade-in bitcoin, ethereum, ripple, litecoin, bitcoin cash, and several more.
Commissions for registering with the broker are zero. Moreover, you can enjoy trading and depositing because the commission fee is zilch there too. Likewise, ETFinance does not charge a penny on myriad services.
The minimum spread offered by the online trading portal is 0.03. So, it is tight for those looking to gain maximum profits and shell-less funds.
| Providers | ETFinance |
| Swap charges | 50 percent discount (overnight applicable) |
| Spreads | Applicable (minimum 0.03) |
| Deposit | No commission applicable |
| Currency conversion | Slightly chargeable |
If you talk about leverage, the ETFinance offers 1:200 as the highest leverage to professional traders, who have immense experience. However, those who are normal retail account investors, get 1:30 leverage on forex and other assets depending on their experience and potential to spend.
Remember that retail investor accounts lose money also because of leverage in high risk investments. So use it carefully.
If you want to deposit and withdraw your funds for some objective, ETFinance offers a plethora of deposit and withdrawal options for continuing with the job. There’s no commission on depositing and withdrawals. Plus, it is secured with SSL. So, your money is safe. ETFinance payment methods include:
ETFinance trading platforms pave a path in the world of trading various products. It gives the base through which you take a leap of faith and dive into buying, selling, and bidding. The online broker offers three types of trading platforms, including WebTrader, MetaTrader4, and Mobile App.
The significance of all these trading platforms is big for experienced to newbie traders in the market.
The MT4 platform is more than just an award-winning platform. It gives meaning to your trading when the rest of the platforms give up. Plus, it is serving traders for many years now and has evolved in several ways, offering forex trading is not its mere forte. It has all elements that a veteran to fledgling would use and understand. And its relentless offers and services to improve financial trading has given it the trademark.
If you are willing to enter the international market and see how do they work, the WebTrader platform is the best way to get there and cast your fears regarding trading. A user can use any browser and kick off buying and selling prospects.
If you do not stay put at a place but want to enjoy the luxury of trading and see how you earn profits through it. You can control the market with an internet connection and a smartphone anywhere in the world. Moreover, there’s CFD available on 350 plus assets to people. The application is compatible with Android and iOS stores for downloading.
ETFinance offers a wide range of quality and informative educational materials and research materials. Traders can easily access all these materials from the broker’s official website.
Plus, you can also use various research tools to support your trading journey and master your skills to generate more profits for your portfolio. Several research tools include economic calendars, trader’s portfolios and more.
The broker has a dedicated customer support team that offers 24/7 support. You get the best support service regularly when you register with the ETFinance. Connectivity is smooth and you can use different modes for getting in touch with executives. You can connect with them through various options like email, telephone, live chat, etc.
The staff is well mannered and spoken in various modes. Also, you can leave a message to them on the website for connecting.
This was the detailed ETFinance review based on various factors and services. The financial services provider is one of the best forex brokers. The online CFD broker is the best in the market that offers exceptional trading conditions to its clients and is regulated by Cyprus securities and exchange commission (CySEC). The regulated broker offers commission-free CFD trading on a wide range of trading instruments covering forex trading, crypto trading, stock trading, commodity trading, etc. The traders get the ability to trade on the most popular and most used MetaTrader4 trading platform.
Most importantly the brokerage company is the most trusted and secure online trading platform. Start trading with the best multi-asset CFD broker. The broker is highly secure because it is a member of the Investor Compensation Fund (ICF).
High-Risk Investment Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please read the complete Risk Disclosure Statement, which gives you a more detailed explanation of the risks involved.
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We feel compelled to counsel you on the matter of investing in financial instruments, commodities, and other assets, which carry a significant degree of risk. There exists the potential for a complete depletion of your deposited funds. We recommend engaging in such undertakings exclusively if you possess an exhaustive comprehension of the associated hazards. It should be noted that FxReviews refrains from dispensing investment advice or any semblance of financial guidance.
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Yes, the broker is highly regulated and authorised by the CySEC
The minimum deposit is $250
Yes, The broker offers MT4 trading platform
One can get a free demo trading account with ETFinance. The broker just requires your details and the essential information to open a demo account. ETFinance offers a wide range of capital to its clients for demo accounts.
In terms of virtual money standpoint, ETFinance is one of the best brokers.
Leverage is the use of debt to invest in an asset in order to multiply the returns on your investment. You can purchase assets with the margin offered by the broker to escalate your potential returns. The leverage is varying across multiple financial instruments and different accounts with trade sizes. As a result, traders can benefit from leverage offered by ETFinance according to their trading experience and how much risk they are willing to take.
ETFinance offers a wide array of trading instruments. There are 350+ instruments from various asset classes covering Foreign exchange currency pairs, stocks, indices, cryptocurrencies, commodities, metals, ETFs and futures. Thus, you can trade hassle-free in international markets with the financial service provider.
FXreviews accords traders and investors with some of the best hand picked brokers that can harvest their needs for booking profits in the world of financial market.
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