ETFinance

ETFinance Review
Positive
Neutral
Negative
4.4
4.4/5
ETFinance Review
4.4
4.4/5
Positive
Neutral
Negative

ETFinance Experience and Test 2022

71% of retail investor accounts lose money, …

ETFinance Review

ETFinance

4.4

4.4/5
ETFinance Review

ETFinance

4.4

4.4/5

Overview

ETFinance is the leading online brokerage firm that offers exceptional trading services. The firm started its operation in 2018 from Limassol, Cyprus. The brokerage firm is highly regulated and authorised by the Cyprus Securities and Exchange Commission. That’s how closely knit both are for traders. The brokerage firm is enticing traders with its marvellous 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.

The broker offers the ability to trade on more than 350+ financial instruments from different asset classes covering forex trading, stock trading, crypto trading, indices trading, commodity trading, etc. The broker provides commission-free trading features with low spreads and swap payable.

The traders can choose from three different trading account types known as Silver, Gold and Platinium account. Each account comes with some unique features and services. The broker also provides a demo account for novice traders.

The financial service provider offers a globally recognised MetaTrader4 trading platform through the web, desktop and mobile app. The trading platform has advanced trading tools and charting options. The broker provides various payment methods for deposits and withdrawals.

The educational and research section of the broker is outstanding. The broker has an award-winning and dedicated customer support team that offers 24/7 support.

Is ETFinance scam broker? Regulations

ETFinance is a boon for retail traders and advanced traders. 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 the part of Investor Compensation Fund. So, brokers can feel protected and invest their money regularly.

  • 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 the part Moreover, it is also associated with MiFID II. So, safety measures are better.

ETFinance is the most reliable forex broker for traders and investors. You can start your trading journey confidently with one of the reputed online brokerage firm.

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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
  • Low Spreads
  • MT5 Absent

ETFinance Review: Trading Account types

The broker offers three major account types know Silver, Gold and Platinum accounts. Each account comes with some additional features and services. The accounts have all the services essential for trading forex and trading CFDs. The features of trading accounts as follows:

Silver Account :

For any trader who is a beginner and does not know much about the market, a humble beginning is the best option. In that case, a client does not lose money while trading because the trading is protected. So, by the time people use its services, they grow as traders. Moreover, there are no trading fees that goes 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 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 financial 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 per cent 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, 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 favour you even against the tides using the 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 per cent
  • The maximum leverage is 1:30 for retail traders and 1:200 for professional traders.
  • Dedicated account managers for clients 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 and know about the conditions of trading. 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 utilise the demo account.

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

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 invest in currency pairs of 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 brokerage firm.

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 utilise 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, aluminium, 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 per cent fees. Furthermore, knowledge about individual and group stocks come 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 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 is benefiting its subscribers. Trade oil, sugar, natural gas, coffee, 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, created some gigantic record that came unassumingly. ETFinance renders 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.

ETFinance Review: Commission and spreads

Commissions for registering with the broker is 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 lowest 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.

ETFinance Review: Deposit and Withdrawal

If you want to deposit money or withdraw your funds for some objective, ETFinance offers plethora of 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.

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

ETFinance Review: Leverage

If you talk about leverage, the ETFinance provides 1:200 as the highest leverage to professional traders, who have immense experience. However, those who are normal retail account investors, they get 1:30 leverage on forex and other assets depending on their experience and potential to spend.

ETFinance Review: Trading Platforms

A trading platform paves a path in the tantalising 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 trading platform

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 elapse. 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 maximise profits by exploring interactive charts, new trends, technical tools, 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.

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 with anyone using ETFinance WebTrader
  • Automatic Stop Loss
  • Real-time balance level
  • It comes with numerous trading modes for traders
  • Full customisation 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

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

ETFinance Mobile App

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

ETFinance Review: Educational and Research Support

The Broker has a wide range of quality and informative educational and research materials. Traders can easily access all these materials from the broker’s official website.

  • Videos
  • Ebooks
  • Articles
  • Economic Calendar

ETFinance: 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 broker. 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 online brokerage company is the best in the market that offers exceptional trading conditions to its clients. The 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 firm is the most trusted and secure online trading platform. Start trading with best multi asset broker.

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.

FAQs

Yes, the broker is highly regulated and authorised by the CySEC

Yes, The broker offers MT4 trading platform

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