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ETFinance

ETFinance Review
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4.4

4.4/5
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ETFinance Review

4.4

4.4/5
Positive
Neutral
Negative

ETFinance Review 2023

71% of retail investor accounts lose money, …

CySEC

Regulation

359/18

License

Customer Support

ETFinance Review

ETFinance

4.4

4.4/5
ETFinance Review

ETFinance

4.4

4.4/5

Overview

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.

Is ETFinance Legit?

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.

  • Registration number: HE 360548
  • License number: 359/18

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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ETFinance Review
4.4
4.4/5

Our recommendation: Trading at ETFinance

  • CySEC regulates and authorises the broker
  • You get a minimum of 0.03 pips for trading 
  • The maximum leverage available is 1:200
  • Use wire transfer and credit card for deposits
  • Dealing desk is trading desk type

Advantages and disadvantages of ETFinance

  • Regulated by CySEC
  • 350+ Tradable assets
  • Commission-free Trading
  • Advanced Trading Platform
  • Advanced Educational Resources
  • Segregated bank account
  • Islamic Account
  • Low Spreads
  • MT5 Absent

Trading Account types?

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:

Silver Account :

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:-

  • 750 assets for trading in the market
  • Ten-hour customer care support from 10 Am to 8 Pm (GMT)
  • You receive the service of an Islamic Account (provided you are a Muslim)
  • The maximum leverage received by traders here is 1:30
  • The minimum spread is 0.07. So, enhanced profits
  • The deposit commission is zero here
  • Hedging is accorded to traders
  • Availability of fifth decimal is there

Gold Account

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 reliable broker offers a swap discount of 25 percent to its users
  • For retail traders, the maximum leverage is 1:30 (for professional traders it is 1:200)
  • A dedicated account manager is offered by the best forex CFD provider
  • Webinars & videos are available for using and enhancing knowledge
  • Hedging is available
  • The minimum spreads are 0.05
  • An Islamic Account is available to Muslims
  • Availability of the fifth decimal is here
  • Webinars and videos help in enhancing information. They constitute financial advice.
  • Suitable for trading in stock markets
  • Full ten-hour dedicated support is available to traders

Platinum Account

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 minimum spreads available is 0.03 here.
  • Swap discount doubles compared to the Gold Account, that is 50 percent
  • The maximum leverage is 1:30 for retail traders and 1:200 for professional traders.
  • Dedicated account managers for clients are available
  • Hedging is there
  • Webinars & videos for acknowledging and learning new things
  • Free VPS for customers
  • News alerts for deciding how and where to spend funds
  • Availability of customer support services for ten hours

Demo Account

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.

How To Open Account?

One can open a trading account with ETFinance by following these simple steps:

  • Visit the official website of the broker and fill out the application form by providing your details including your name, email id, phone number, country, and more. And submit the necessary documents required for verification of the user.
  • Once your account gets verified, you can fund your account with the minimum deposit required.
  • Start trading or you can also use the broker’s free demo account first to understand the markets or to learn the functioning of the trading platforms.
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ETFinance Review
4.4
4.4/5

Our recommendation: Trading at ETFinance

  • CySEC regulates and authorises the broker
  • You get a minimum of 0.03 pips for trading 
  • The maximum leverage available is 1:200
  • Use wire transfer and credit card for deposits
  • Dealing desk is trading desk type

Trading Instruments or asset classes

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.

Forex trading

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 trading

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.

Indices Trading

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.

Stocks 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.

Commodity and Livestock Trading

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.

Cryptocurrency Trading

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.

Commission and spreads

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

Highest Leverage?

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.

Deposit and Withdrawal

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:

  • Skrill
  • Maestro.
  • VPay
  • Visa
  • Master Card
  • Bank Wire Transfer

 

Trading Platforms

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.

MetaTrader4

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.

  • Ease of use: One-click trading has eased trading for those who aren’t much into trading but want to learn as time elapses. Thus, implementations of strategies have become simpler than before. You can find data presented intuitively. Hence, selecting assets and executing them at a swift pace becomes simple.
  • Trading Signals: You can use MT4 for replicating the successful ideas of learned traders and expert advisors. Using them would ensure you take advantage of trading conditions and no losses occur. A trader has the option to subscribe to such experts and follow them at will.
  • Technical indicators: A market player can discover different ways of trading and maximize profits by exploring interactive charts, new trends, technical tools, and analytical and fundamental tools.
  • Optimum protection: Your account is safe while using the features and characteristics of MT4.
  • Mobile Trading: It is also available for mobile traders and helps in a fast and efficient trading experience. 

WebTrader

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.

  • Supports 11 languages
  • Safety is excellent and data transmission is secure
  • Fully history of trades
  • Live support
  • One-click account switching is available for anyone using ETFinance WebTrader
  • Automatic Stop Loss
  • Real-time balance level
  • It comes with numerous trading modes for traders
  • Full customization is possible here
  • One-click operations can happen systematically
  • 7 timeframes are available
  • Japanese candlestick charts
  • Around 30 analytical tools

Company Details

Assets

  • Commodities 17+
  • Metals 4+
  • Indices 20+
  • Stocks 150+
  • Forex 50+

Basic

  • Country: Cyprus
  • License: 359/18
  • Regulation: CySEC

Customer Service

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ETFinance Review
4.4
4.4/5

Our recommendation: Trading at ETFinance

  • CySEC regulates and authorises the broker
  • You get a minimum of 0.03 pips for trading 
  • The maximum leverage available is 1:200
  • Use wire transfer and credit card for deposits
  • Dealing desk is trading desk type

Mobile Trading Platform

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.

  • Instant account synchronization
  • Speed up your trading
  • Access all trading tools
  • Take profit functions
  • Multiple device compatibility
  • One tap trading options
  • Support of multi-language for traders

Educational and Research Support

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. 

  • Videos
  • Ebooks
  • Articles
  • Economic Calendar

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.

Customer Support

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.

Conclusion

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.

Disclaimer

At FxReviews, our primary objective is to furnish you with impartial and objective assessments, commentary, and in-depth analysis. Our unwavering commitment to precision is maintained through meticulous data validation coupled with insights from industry authorities. It is essential to acknowledge that, albeit infrequent, minor fluctuations may occur. Please be assured that our dedication to delivering unbiased appraisals, exhaustive scrutiny, and well-informed viewpoints remains unwavering. 

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.

Your financial security is of paramount significance to us, and we strongly advocate the exercise of due diligence and the pursuit of professional guidance when arriving at investment determinations.

Throttll

FAQs

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.

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