ETFinance Commission or Brokerage Charges – Review, Plans, FAQs and more

Here in this article, we will review ETFinance commission plans and put light on all types of ETFinance brokerage charges imposed on the traders while accessing the trading account and employing its trading services.

You will get a comprehensive idea of the various ETFinance charges applicable on each of the trading accounts including the Silver Account, Gold Account, and the Platinum Account.

Read the review carefully and examine the ETFinance fee structure to plan your trading budget and opt for the trading account that suits your trading requirements and budget.

While planning to open a trading account with any trading platform, it is imperative to have a full-fledged idea about the expenses involved that you have to meet regularly at specific intervals of time.

ETFinance Commission or Brokerage Charges

ETFinance comes with Zero- commission charges arrangement and does not include commission charges in any of its trading accounts.

It also provides a low spread that varies from 0.3 pips to 0.9 pips.

The spread charges may vary as per the market condition.

The platinum account offers a tighter spread that starts from 0.3 pips, followed by the Gold account starting from 0.5 pips and the silver account starting from 0.7 to 0.9 pips.

The leverage offered in the ETFinance commission plan is 1:30 on major and minor Forex pairs, 1:20 on indices, gold and exotic pairs, 1:10 on commodities, and company stocks, 1:5 on stocks, 1:2 on cryptocurrencies.

The maximum leverage offered for Silver account holders is 30:1, for Gold account holders is 400:1 whereas, for Platinum account holders, it can be extended up to 500:1.

The maximum leverage for commodities and indices is 125:1.

ETFinance commission plan also involves swap charges if the traders keep the open positions overnight.

In the case of keeping the trading account latent for a month, there is a charge of €160 is applicable.

The trading platform also involves a Swap discount of 25 % for Gold account holders and 50% for Platinum account holders.

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Types of ETFinance Commission Plans

ETFinance Trading Account offers three different types of trading accounts with different commission plans.

Each account has different offerings with a different brokerage to cater to the trading requirements of the various types of traders.

The three types of trading accounts that ETFinance offers are- Silver account, Gold Account, and Platinum Account.

Silver Account

The EightCap commission plan for the Silver account includes a minimum deposit amount of $250 that the trader has to deposit at the time of account opening.

Each of the accounts offers a different spread. For Silver account holders, the spread starts from 0.7 pips.

The leverage offered in the Silver account is 30:1. There are no commission charges involved in Silver Account.

Gold Account

The minimum deposit amount for a Gold Account holder is $250.

The spread is tighter in the Gold Account as compared to Silver Account and starts from 0.5 pips.

The maximum leverage offered for Gold account holders is 400:1. Gold account is a commission-free account.

Platinum Account

The minimum deposit amount for a Platinum Account holder is $250.

The spread offered in the Platinum account is as low as 0.3 pips. The maximum leverage offered for the platinum account holders is 500:1.

The account does not involve any commission charges.

ETFinance commission-free structure makes this trading platform an economical and most competitive trading platform.

The spreads charges are low and the maximum leverage is quite higher at ETFinance as compared to other competitive trading platforms.

ETFinance Account Opening Process

ETFinance account set up and opening process are very easy as it has made available its trading account and mobiles apps on all the major devices including iOS, Android, Windows, and Web browsers.

The traders can set up the account on any device and open the account with some of the simple steps-

Firstly, visit the webpage of the trading platform and search for the account opening option.

There will be a short form including name, surname, phone number, address, and nationality appear.

Fill the form to proceed to the main proof of account opening.

Now, you will get three options of different trading accounts, choose the preferred one and click to move on to the next step.

The next step involves the submission of personal information.

A more elaborated form will appear where you have to provide all your crucial information to the broker to authenticate your identity and provide data to the broker to store.

Lastly, the broker will run an EKYC round and demand you to submit scanned copies of your personal documents like Passport, PAN card, credit cards, identity proofs, etc.

After completing this process, the broker will take 2 to 4 days to approve your application and open your account.

The broker will send you the login credentials on your email id after account opening.

Now, you can log in to your account using the login credentials and customize your account by choosing your preferred trading tools, features, and payment options.

Fund your account with a minimum deposit amount, strategize your trading, choose your preferred financial instruments and start trading.

ETFinance Payment or Withdrawal Methods

Payment methods offered for depositing or withdrawing funds in the trading platforms are of great significance and require your methodical consideration.

ETFinance has come up with some of the prominent payment methods to help the users’ action instantly for depositing or withdrawing funds from any place and at any time.

For Fund Deposit, the payment methods availed by ETFinance are- Credit Card, e-wallets, and transaction methods.

These payment options are quick and can be performed from anywhere anytime. Wire transfers and skrill are also supported for fund deposits.

Wire transfer may involve some fees that may vary from bank to bank.

For Fund Withdrawal, the payment methods availed by ETFinance are- Credit Card, e-wallets, wire transfers, skrill, and transaction methods.

The payment methods are the same for depositing and withdrawal funds. The user may choose their preferred option and customize their trading account as per their preference.

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ETFinance Investment Assets

ETFinance provides traders to trade in more than 60 tradable assets including the major markets such as Currency, commodities, stocks, indices, cryptocurrency, and Futures.

The total number of currency pairs ETFinance offers is more than 10 and the number of cryptocurrencies ETFinance offers is more than 5.

The ETFinance trading platform also offers traders major supported crypto coins including bitcoin, ethereum, ripple, and many others.

The ETFinance users can also trade in ETFs on the various trading accounts offered.

The traders get the opportunity of trading in over 100 shares of the major companies of Europe, the US, and Australia, 17 commodities including precious metals and energies, over 20 indices, and 50 forex pairs.

ETFinance Commission – Conclusion

Lastly, it can be concluded that ETFinance is one of the most budget-friendly trading platforms that come with a zero commission structure.

It has also kept low spread charges and flexible leverage that can be extended up to 500:1.

You can switch to the ETFinance trading platform for advanced trading services at the competitive brokerage.

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ETFinance Charges or Fees – FAQs

Here is the list of FAQs related to the ETFinance commission:

Does ETF finance charge commission?

No, the ETFinance trading platform offers a zero-commission fee structure and does not levy any kind of commission charges on any of its trading accounts and trading services.

How much does ETFinance charge brokerage?

ETFinance brokerage charges are nominal with tighter spreads. It does not impose any commission charges on any of its trading accounts.

The spread charges are from 0.3 for the platinum account, 0.5 for a gold account, and 0.7 for a silver account.

The spread charges fluctuate as per the market condition and the type of financial instrument.

The minimum leverage offered is 30:1 and the maximum leverage offered is 500:1.

It also involves inactivity fees of €160, in case of leaving the account dormant for one month.

Swap charges are also applied for keeping the positions open overnight.

What is the Minimum Deposit required in ETFinance?

The minimum deposit required by the ETFinance charges plan is $ 250 for each of its trading accounts including the silver account, gold account, and platinum account.

The minimum deposit amount needs to be deposited by the trader at the time of account opening.

How much leverage does ETFinance provide?

ETFinance commission plan includes the leverage of 1:30 on major and minor Forex pairs, 1:20 on indices, gold and exotic pairs, 1:10 on commodities, and company stocks, 1:5 on stocks, 1:2 on cryptocurrencies.

The maximum leverage offered for Silver account holders is 30:1, for Gold account holders is 400:1 whereas, for Platinum account holders, it can be extended up to 500:1. The maximum leverage for commodities and indices is 125:1.

How much is spread at ETFinance?

The spread at ETFinance varies from 0.3 pips to 0.9 pips.

The spread charges vary depending upon the type of financial instrument you are trading in and the current market condition.

For the silver account, the spread charges are from 0.7 to 0.9 pips, for the gold account, it starts from 0.5 pips, and for and a platinum account, it starts from 0.3pips.

What type of Commission Plans are available in ETFinance?

The commission plans of ETFinance include a minimum deposit of $ 250 for all three accounts including the silver, gold, and platinum.

It also offers tight spread charges that vary from 0.3 pips to 0.9 pips.

The leverage offered is 30:1 which can be extended up to 400:1 for gold account holders and 500:1 for platinum account holders.

ETFinance does not impose any commission charges on any of its trading accounts. The trading charges at the ETFinance trading platform are competitively low with tighter spreads and maximum leverage.

Does ETF finance provide Cryptocurrency for Investment?

Yes, ETFinance provides cryptocurrency for Investment. The total number of cryptocurrencies offered by ETFinance is more than 5.

The ETFinance trading platform also offers traders major supported crypto coins including bitcoin, ethereum, ripple, and many others.

Is ETFinance a legit Forex Broker?

ETFinance is a notorious online trading intermediary founded in 2018 by the Magnum FX director.

It is a legit Forex broker based in Cyprus and is regulated by the top regulatory authority including the Cyprus Securities and Exchange Commission (CySec) under license number 359/18.

It is also a member of MiFID and Investment Compensation Fund (ICF) wherein it assures the cover of up to €20,000.

ETFinance is adhered to the rules and regulations of these authorities and provides complete assurance of trader’s accounts and funds.

Can I invest in ETFinance with $5?

No, the minimum deposit amount required by the ETFinance commission plan is $250.

It should be funded in the trading accounts by the traders at the time of accessing and employing the trading services of ETFinance.

Are there any hidden charges available with ETFinance?

ETFinance is a legit forex broker that discloses all its brokerage charges and other trading fees at the time of registration only.

There will be no hidden charge that has to be paid by the trader later.

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