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Here, you will get a complete ETFinance review with detailed information and a discussion over its significant features.

Read the review carefully to make your financial decisions with more assertiveness.


About ETFinance & Accepted Countries

Founder / CEODirector of Magnum FX
Established Year2018
Publicly TradedNo
Total Employees0-50
RegulationsCySEC
HeadquarterCyprus

ETFinance is a forex and cryptocurrency broker based in Cyprus.

ETFinance Forex BrokerIt is a safe and secured trading platform that offers its trading services to EU clients.

ETFinance offers two trading platforms MT4 and Web trader along with all the prominent automated trading tools to trade in over 200 tradable assets.

The ETFinance commission-free structure makes it more competitive in the trading industry.

The Forex broker accepts clients from Australia, United States, South Africa, Thailand, Canada, Singapore, Hong Kong, India, Norway, France, Germany, Sweden, Denmark, United Arab Emirates, Kuwait, Italy, Luxembourg, Saudi Arabia, Qatar, and most other countries.


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    ETFinance Trading Platforms

    Trading PlatformMT4
    Desktop Platform – WindowsYes
    Desktop Platform – MacYes
    Desktop Browser PlatformYes
    Mobile Site PlatformYes
    Android App PlatformYes
    iOS App PlatformYes
    Windows App PlatformNo
    Other Mobile OS PlatformNo
    Real-time UpdatesYes
    Portfolio DetailsYes
    Research ReportsYes
    Global IndicesYes
    Personalized AdvisoryYes
    Interactive ChartsYes
    Live MarketsYes
    Multi-Account ManagementYes
    Trading Platform Supported LanguagesEnglish

     

    ETFinance provides two types of trading platforms including MetaTrader 4 and Web Trader for its trading services.

    MetaTrader 4

    MT4 is one of the renowned trading platforms that offer an insightful design with a range of competent features and tools.

    The users can download MT4 for free from the ETFinance website.

    At the MT4 trading platform, the users can employ many automated trading tools such as one-click trading, 9-time frames, 30 interactive charting tools, and over 50 technical indicators.

    MT4 trading platform also provides complete trading records and supports over 30 languages.

    Moreover, the users can also build custom indicators and create automated trading strategies.

     Web Trader

    WebTrader has similar abilities to the MT4 trading platform.

    A few differences between these two platforms are- At web Trader, the charting structure is tile-based whereas in MT4 it is cascading.

    Also, web traders do not allow access to the trade tab and thereby to custom indicators and trading strategies.

    However, WebTrader is a web-based interface that offers easy access as compared to the downloadable MT4.


    ETFinance Mobile App

    ETFinance has a mobile app for the MT4 platform.

    The ETFinance app is compatible with Android devices and iOS devices such as smartphones and tabs.

    You can download the ETFinance app at Google play store for Android devices or Apple’s App Store for iOS devices for free.

    The ETFinance trading app offers complete access to trading tools and provides touch trading and instant account synchronization.

    However, it offers fewer charting types and technical indicators.

    Users can also set alerts to ensure no market opportunities are missed.


    Check out Mobile Apps of more Forex Brokers


    ETFinance Commission or Brokerage or Fees

    Commission on tradesNo
    Fixed spreadsNo

    ETFinance provides a Zero- commission fee structure with low spreads. The minimum spread is 0.7 pips and the maximum is 0.9 pips. Spreads can vary as per the market environment.

    The broker also charges for keeping open positions overnight. The platinum account holders get a swap discount of 50 % and the Gold account holders get a 25% swap discount.

    ETFinance involves an inactivity fee of €160 for accounts kept dormant for a month.


    ETFinance Exposure or Leverage

    Maximum Leverage1:500

    The leverage offered by ETFinance varies from account to account and also varies depending upon the trading asset and size of the trade.

    The broker offers minimum leverage of 1:2 on cryptocurrencies, 1:5 on stocks, 1:10 on commodities, 1:20 on exotic pairs, gold, and indices, 1:30 on minor and major FX pairs.

    The maximum leverage for Gold and Platinum account holders is up to 500:1 on forex pairs, 1:125 on commodities and indices, and 1:10 on company stocks.


    Payment Methods provided by ETFinance

    DepositCredit Card, Wire Transfer
    WithdrawCredit Card, Wire Transfer

    Deposit option-you can deposit the fund into ETFinance via Credit Card, e-wallets, and transaction methods. It also supports wire transfers and skrill.

    Withdrawal option- for withdrawal, the options are the same. The user can withdraw funds via Credit Card, Wire Transfer, and e-wallets.


    Find out Payment Methods provided by other Forex Brokers


    Investment in Asset Classes or Markets by ETFinance

    Currencies TradingYes
    Commodities TradingYes
    Indices TradingNo
    Stocks TradingYes
    Cryptocurrency TradingYes
    ETF’s TradingNo
    Bonds TradingNo
    FUTURES TradingYes
    OPTIONS TradingNo
    Supported Cryptocoinsbitcoin, ethereum, ripple, and more
    Total Tradable Assets60+
    Number Of Currency Pairs10+
    Number Of Cryptocurrencies5+
    Number Of StocksNA
    Number Of IndicesNA
    Number Of CommoditiesNA
    Number Of FuturesNA
    Number Of OptionsNA
    Number Of BondsNA
    Number Of ETFsNA

    ETFinance offers over 200 tradable assets.

    The traders can trade in 17 commodities including precious metals and energies, over 100 shares from the companies of the US, Europe, and Australia, 50 Forex pairs, stocks, 20 indices, and over 10 currency pairs.

    It also provides trading in more than 5 cryptocurrencies and offers bitcoin, ethereum, ripple, and more as supported crypto coins. It also provides trading in ETFs.


    ETFinance Virtual Trading or Demo Account

    Virtual MoneyNA
    ChargesFree

    Along with trading accounts, ETFinance also provides a free demo account for all of its users.

    The demo account is intended to help the users understand the various trading instruments and features of ETFinance and practice trading strategies on the demo account first before employing them on the real trading account.

    The demo account provides a risk-free environment for the traders to execute their trade with virtual money in the real market. ETFinance offers a free demo account for seven days.


    ETFinance Offers or Deals

    Free Learning CoursesYes
    Free Demo AccountYes
    Discount on BrokerageNo
    Flexible Brokerage PlansNo
    Referral OffersYes
    Forex Trading ContestNo
    Trading Bonuses & RewardsNo

    ETFinance strives to be a competitive trading company with its low brokerage charges and additional offers and deals.

    It provides free learning courses to its traders to help them employ better trading practices along with a free demo account for both beginners and seasoned traders.

    ETFinance also provides referral offers, events, and promotions from time to time for professional traders.


    ETFinance Regulation or Licensing

    RegulationsCySEC

    ETFinance is a company founded in 2018 by the Director of Magnum FX. It has its headquarter in Cyprus and is regulated by one of the prominent regulatory authorities that is CySec (Cyprus Securities and Exchange Commission) under license number 359/18.

    The broker is also a part of ICF (Investment Compensation Fund) to provide the traders’ protection of up to €20,000 and following MiFID II (Market in Financial instruments Directives).

    ETFinance is also authorized to provide trading services all across the European Economic Area (EEA).


    Find out Regulations & Licensing of more Forex Brokers


    ETFinance Features

    Educational ServicesYes
    Social Trading / Copy TradingNo
    Trading SignalsYes
    Email AlertsYes
    Guaranteed Stop LossNo
    Guaranteed Limit OrdersNo
    Guaranteed Fills / LiquidityNo
    OCO OrdersNo
    Trailing SP/TPYes
    Automated TradingNo
    API TradingNo
    VPS ServicesNo
    Trading From ChartNo
    Interest On MarginYes
    Offers HedgingNo
    Offers PromotionsNo
    One-Click TradingYes
    Expert AdvisorsYes
    Other Trading FeaturesNo
    • ETFinance offers a wide range of tradable assets including forex, indices, metals, stocks, commodities, CFDs, cryptocurrencies, and ETFs.
    • There are Zero commission charges involved for trading.
    • ETFinance gives tighter spreads and displays it on the website itself.
    • Provides News alerts for traders to help them have a trading strategy.
    • The Gold and Platinum account holders get Dedicated Account Managers.
    • They provide a cumulative education center comprising of tutorials, articles, videos, and courses.
    • It also provides an assortment of e-books and special courses for the traders of Gold and Platinum accounts.
    • ET Finance Forex Broker also provides an economic calendar.

    ETFinance Account Types

    Take a look at the types of accounts that the company is offering:

    Account TypeSilver AccountGold AccountPlatinum Account
    Initial Deposit$250its $250$250
    SpreadSpreads From 0.07Spreads From 0.05its Spreads From 0.03
    CommissionNoNot ChargedNo
    Leverage1:301:4001:500

    ETFinance Trading platform comes with three types of trading accounts including Platinum account, Gold Account, and Silver Account.

    Each account is designed to cater to different types of traders.

    Platinum Account- it is designed exclusively for the experts.

    The platinum account comes with lots of perks including a Personal Account Manager, comprehensive educational material, news alerts, VPS, and a swap discount of 50 %. It provides leverage of up to 500:1 with a tight spread as low as 0.03 pips.

    Gold Account- it is meant for seasoned traders.

    A gold account provides a personal account manager to the account holder. The leverage offered in this account is up to 500:1 with a tighter spread from 0.05 pips. It provides all types of educational resources and a swap discount of 25 percent.

    Silver Account- this account is mainly for the new traders. The silver account offers leverage up to 30:1 with a spread from 0.07 pips. It does not provide swap discounts and offers limited educational resources.

    ETFinance also has a provision of opening accounts with Islamic-friendly conditions upon request.


    ETFinance Trading Account Features

    Check below all the trading account features under various account types:

    Trading Desk TypeDealing Desk
    Min Deposit$250
    Maximum Leverage1;500
    Mini AccountYes
    Premium AccountYes
    DEMO ACCOUNTYes
    Islamic AccountYes
    Segregated AccountYes
    Managed AccountNo
    Institutional AccountYes
    Suitable for beginnersYes
    Suitable for professionalsYes
    Suitable for scalpingYes
    Suitable for daily tradingYes
    Suitable for Weekly tradingYes
    Suitable for swing tradingYes

    ETFinance – Research & Advisory

    Find below all the different reports and support provided by its Research & Advisory team:

    Fundamental ReportsNo
    Research ReportsNo
    Company ReportsNo
    Daily Market CommentaryYes
    News (Top-Tier Sources)No
    Delko’s ResearchNo
    Top PicksNo
    AutochartistNo
    Acuity TradingYes
    Company Stock ReviewNo
    Free Stock TipsNo
    WebinarsYes
    Video EducationYes
    Economic CalendarYes
    Offline AdvisoryNo
    Relationship ManagerNo

     


    ETFinance Benefits

    ETFinance comes with lots of benefits and offerings for its traders. Some of the significant benefits that ETFinance offers are-

    • It provides a remarkable range of over 200 tradable assets.
    • ETFinance gives its traders fast STP execution and tight variable spreads
    • It does not involve any commission or trading fees.
    • The minimum Leverage offered for all the traders is up to 1:30
    • ETFinance also provides an assemblage of educational material to all of its traders
    • There are Swap discounts on the ETFinance trading platform.
    • It provides an Account manager.

    ETFinance Cons or Drawbacks

    Some of the weak areas where ETFinance can work on are-

    • USA-based traders cannot use the ETFinance trading platform.
    • Insufficiency of advanced trading platforms and tools
    • It has kept inactivity fees high.
    • Demo Account is available for a short duration of just one week.
    • Only Platinum account holders have access to News alerts

    ETFinance Trading Hours

    ETFinance follows the trading hours as per the market timings. The trading services of this online platform are available 24×7 for market analysis and account management.

    Trading hours for online trading are from Monday – Friday: 03:00 – 18:00 GMT. You can also check the product-specific trading hours at the website of ETFinance.


    ETFinance Customer Care or Contact Details

    Dedicated DealerYes
    Support During WeekendsNo
    Online TradingYes
    24*7 SupportYes
    Email SupportYes
    Live Chat SupportYes
    Customer Support LanguagesEnglish, Spanish

    ETFinance provides efficient customer services 24×5 from Monday 07:00 GMT to Friday 19:00 GMT.

    The users can contact the company by calling the customer helpdesk on the phone number- +8006 003 7004.

    They can also communicate via email at •support@etfinance.eu or via a live chat option available on the right side of the website.

    ETFinance is also available on various social media platforms such as – Facebook, Instagram, Twitter, and Youtube.

    Contact Details- Office 1, 2nd floor, KPMG Centre, 1 Agias Fylaxeos Street, Limassol, Cyprus- 3025.


    ETFinance Safety & Security

    ETFinance is a regulated online trading company. It ensures that all payment providers are certified and EU-regulated.

    The data transferred between the ETFinance servers is encrypted and the servers are located in SAS 70 certified locations.

    ETFinance is also adhered to ESMA regulations and ensures that it fully complies with GDPR (General Data Protection Regulation).


    ETFinance Rating & Reviews

    Based on different users and their experiences below are the company rating and reviews:

    User Experience8.8 / 10
    Products & Services8.8 / 10
    Brokerage Charges & Fees8.1 / 10
    Research & Advisory8.6 / 10
    Trading Platforms8.1 / 10
    Overall Ratings8.5/ 10
    Star Ratings★★★★
    Total Client Reviews98

    ETFinance Forex Trading – Conclusion or Verdict

    ETFinance offers a wide range of tradable assets at zero commission, tighter spreads, and low trading fees.

    However, the demo account it offers is for a shorter period and also has higher inactivity fees.

    It can be concluded that the ETFinance is a safe and trustworthy broker but for beginners who need demo account assistance for a longer period, it is better to switch to other options.

    Overall, it has received a 4-star rating with 98 client reviews.


    ETFinance Forex Trader Review FAQs

    Here is the list of FAQs related to the ETFinance Forex review:

    Is ETFinance Safe for Trading?

    ETFinance is a trading platform regulated by Cyprus.

    It is also adhered to ESMA regulations and ensures that it fully complies with GDPR (General Data Protection Regulation), hence it is a safe platform that ensures its client’s safety and security.

    What is the Commission for ETFinance?

    ETFinance provides a Zero- commission fee structure with low spreads, hence ETFinance commission is not applicable.

    How to Open a Trading Account with ETFinance?

    Visit the webpage, click on the option “Open Account”.

    After clicking, follow the steps involved including application, EKYC, and funding to get your account opened.

    Can I invest in Cryptocurrency with ETFinance?

    Yes, you can invest in cryptocurrency with ETFinance. The supported crypto coins are- bitcoin, ethereum, ripple, etc.

    What leverage does ETFinance provide?

    ETFinance offers minimum leverage of 1:2 on cryptocurrencies, 1:5 on stocks, 1:10 on commodities, 1:20 on exotic pairs, gold, and indices, 1:30 on minor and major FX pairs.

    The maximum leverage for Gold and Platinum account holders is up to 500:1 on forex pair, 1:125 on commodities and indices, and 1:10 on company stocks.

    Does ETFinance have a trading app?

    Yes, ETFinance has a trading app for its MetaTrader 4 trading platform.

    The ETFinance trading app offers complete access to trading tools and provides touch trading and instant account synchronization.

    It is free to download and compatible with Android and iOS devices.

    How to contact ETFinance customer care?

    ETFinance customer services are available 24×5 from Monday 07:00 GMT to Friday 19:00 GMT. The users can contact the company by calling the customer helpdesk on the phone number- +8006 003 7004.

    They can also communicate via email at support@etfinance.eu or via a live chat option available on the right side of the website.

    Is ETFinance Regulated?

    ETFinance is regulated by CySec (Cyprus Securities and Exchange Commission) under license number 359/18.

    The broker is also a part of ICF (Investment Compensation Fund) to provide the traders’ protection of up to €20,000 and following MiFID II (Market in Financial instruments Directives).

    Is ETFinance good for Beginners?

    ETFinance provides silver accounts mainly for beginners and offers them trading services at no commission and a low trading fee structure.

    But it provides a demo account to the new traders for only a short period of 7 days.

    It also gives access to fewer educational materials to the silver account holders. So, this platform is not completely good for beginners.

    Who founded ETFinance?

    Director of Magnum FX founded ETFinance in 2018.


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      One response to “ETFinance Review – Trading Platforms, Commission, Leverage, Account Types & more
      1. For me ETFinance is a convenient trading platform. It has a simple and straightforward user interface that is easy to navigate. The support team responds quickly. I would recommend ETF to anyone I know.

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