ETFinance Trading Account – Review, Types, Process, Benefits, Charges & moreLast Updated Date: Apr 27, 2022
When you opt for online trading, it is important to know about the various trading platforms that offer advanced trading services to ensure completely safe and secured trading.
All the trading platforms offer various types of trading accounts to serve different users as per their requirements and budget.
In this write-up, we will review the ETFinance trading account and give you a complete know-how of all the trading accounts that ETFinance offers to what type of traders.
Read the article carefully to compare some of the significant aspects of the trading accounts that we will be putting light on.
ETFinance Trading Account and Benefits
ETFinance is an online trading platform established in the year 2006 in Cyprus.
It provides three types of trading accounts, including Silver account, Gold account, and Platinum account, with different trading tools and features.
All the trading accounts of ETFinance involve different brokerage fees as per the offerings.
It is a regulated platform that adhered to the Cyprus Securities and Exchange Commission (CySEC) regulations under license number 359/18.
With all the three trading accounts of ETFinance, the traders can trade in a variety of financial assets such as Stock, Metals, Forex pairs, Asset index, CFDs, ETFs, commodities, and cryptocurrencies.
When you trade with ETFinance trading accounts, some of the benefits that you get are- you can trade without being charged any commission.
Secondly, the traders get the benefit of fast STP execution and tight spreads.
With ETFinance trading accounts, the account holders can use the world-known trading platforms MetaTrader 4 and web traders.
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ETFinance Trading Account Charges
|Trading Account Charges|
|Account Type||Silver Account||Gold Account||Platinum Account|
|Initial Deposit||$250||its $250||$250|
|Spread||Spreads From 0.07||Starts From 0.05||Spreads From 0.03|
As the ETFinance trading platform offers different types of trading accounts to serve different types of traders, it has kept different brokerage charges for each account depending upon the services and advanced tools offered.
The silver account is one of the most reasonable tradings accounts out of all the three accounts.
In contrast, the Platinum account involves the maximum brokerage fees, and the Gold account is kept with moderate brokerage fees.
The Silver Account comes with a minimum deposit amount of $250 and offers a spread from 0.07 pips. It offers the leverage of up to 30:1 and does not involve any commission charges.
The Gold Account also comes with an initial deposit amount of $250. The spread it offers is tighter than the silver account and starts from 0.05 pips.
There are no commission charges included for Gold account holders. The leverage offered for this account is 400:1.
Platinum Account holders need to make the initial $250 to access the account and get spread as low as 0.03 pips. The leverage is from 500:1 with no commission charges.
Types of ETFinance Trading Account
|Types of Trading Account|
|Trading Desk Type||Dealing Desk|
|Suitable for beginners||Yes|
|Suitable for professionals||Yes|
|Suitable for scalping||Yes|
|Suitable for daily trading||Yes|
|Suitable for Weekly trading||Yes|
|Suitable for swing trading||Yes|
ETFinance is a trusted and user-friendly platform that offers advanced analysis tools and one-click trading to give users an imposing experience of trading with ease and efficiency.
There are three types of trading accounts that you can choose from when you are planning to trade with ETFinance.
The traders can also open accounts with Islamic-friendly conditions upon request.
The three types of trading accounts are Silver Account, Gold account, Platinum account.
Silver Trading Account
It is a trading account with low trading fees and limited offerings.
This account is specifically intended for the traders who are new to the trading field and need to polish their skills with low investments and low brokerage charges.
The account does not involve swap discounts and other offers for silver account holders.
Though, they can have access to restricted educational materials.
Gold Trading Account
The account is one step ahead of the silver account and, resultantly, designed for seasoned traders.
The account holders of the Gold account can have full access to the educational materials and learning programs ETFinance offers.
It also provides swap discounts of up to 25 percent to the users. With reasonably higher trading fees than a silver account, the account also offers a personal account manager to the user.
As the name suggests, the platinum account is designed for professional traders and comes with lots of offerings with high brokerage charges.
The various advancements of these accounts include a Personal account manager, educational materials, VPS, News alerts, and a whooping swap discount of 50 percent. The spreads are tighter and with leverage of 500:1.
ETFinance Account Opening and Trading Process
Follow the steps we are going to discuss to open the Account with ETFinance and proceed with the trading process. The steps are very simple and easy to go for.
Open Trading Account
It is important to visit the webpage first and click on the option “open account.”
As soon as you click, you will see a small form asking your name, surname, mobile number, email address, country, and phone number.
Fill in this information to proceed further.
Now you will see the options of three trading accounts.
Choose your preferred one and proceed on to the personal information round.
Fill in the personal information and submit it to help the broker authenticate your data and approve your application.
The next step is to verify you and provide some of the important documents to the broker to complete the EKYC step.
Lastly, the broker will take 2 to 3 working days to approve your account and identify your financial position.
After approving the application and documents, the broker will send your login credentials for your personal trading account.
Set up and Trading process
As ETFinance shares great compatibility with all the devices, including Android, iOS devices, web browser, and Windows PC, you can download the app for free from the app store of the specific device and install it on your phone.
Log in to the account using the login credentials you get from the broker.
Now fund the account with the initial deposit amount and the trading fees to be paid at the initial stage of trading.
You can customize the account and choose the deposit option as per your choice to make payment and access the account.
Lastly, after depositing the funds, execute your trades and fly high to yield more profits.
Find Different Trading Account Types of Forex Brokers
ETFinance Trading Account – Features
|Social Trading / Copy Trading||No|
|Guaranteed Stop Loss||No|
|Guaranteed Limit Orders||No|
|Guaranteed Fills / Liquidity||No|
|Trading From Chart||No|
|Interest On Margin||Yes|
|Other Trading Features||No|
Since ETFinance is a progressive trading platform, it offers all the latest trading features in its trading accounts to give the users a convenient and contemporary platform to trade on and bring on the most profits.
Some of the essential trading features that ETFinance offers are- Real-time balance level, educational resources and services, full account customization, Trailing Stop Loss and Trailing Take Profit function, Trading Signals, Email Alerts, News Alerts, Interest On Margin, One-Click-Trading, Expert Advisors and many others.
At the ETFinance trading platform, you also get Multilingual Dedicated Support in two of the major languages that are English and Spanish.
There is a dedicated team that serves the users 24×7 to handle all their queries and settles them in no time.
The users can also connect to the customer helpdesk via email support during weekends and get their queries resolved.
More ETFinance Online Trading Features
The Live chat facility is an add-on that makes the ETFinance customer helpdesk service more reliable and appreciable.
One of the significant trading features of ETFinance comes with Multi-device compatibility.
ETFinance platform is reachable with all the devices such as Android, iOS, Windows PC, and Web browsers.
ETFinance is also known for its prominent feature that is an educational academy that offers to the account holders various exclusive audio-visual trading tutorials, courses, webinars, and articles.
The platinum and gold account users can also access the collection of E-books and specialized courses. It also provides an economic calendar.
One more significant trading feature of ETFinance is the Dedicated Account Managers that the broker offers to the Gold and Platinum account holders.
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ETFinance Trading Account – Conclusion
ETFinance online trading platform is reviewed and discussed herein details with the main focus on its various trading accounts.
It is helpful to write up that highlights the important aspects of each of the trading accounts ETFinance has to offer, including the trading fees, the benefits of trading accounts, the setup process of the trading accounts, types of trading accounts, and so on.
You can ascertain your decision well after going through this write-up thoroughly, as investment decisions are to be taken with caution.
ETFinance Online Trading – FAQs
Here is the list of FAQs related to the ETFinance forex trader:
Does ETFinance provide Online Trading?
Yes, it offers a live trading account that the users can access via web browser and start trading live without downloading the app.
The live account is mainly for active traders where they can trade with active prices.
What are the Commission Charges in ETFinance?
ETFinance offers all of its three trading accounts with no commission charges imposed.
Does ETFinance provide Demo account Trading?
A demo account is basically offered by all the prominent trading platforms to assist the traders with the functionalities and technicalities involved in using the trading account of a particular company.
ETFinance also provides a demo account to provide assistance for the same and let the traders buy or sell tradable assets in the original forex market with virtual money.
Is trading Free at ETFinance?
ETFinance offers a range of trading accounts with varied trading fees.
It also provides a demo account for free, but the real trading accounts are not free but involve certain fees to be paid at the time of opening the account or at different intervals of time.
Does ETFinance provide Spot Metals Trading?
Sports Metals Trading is the trading that takes place with immediate settlement.
ETFinance provides spot trading in metals like Gold and silver, and the traders can trade in spot metals in the market on a specified date.
What are Spot Metals Trading Charges at ETFinance?
The spot metals trading charges of ETFinance are not mentioned on its website but seeing the trading fees of the trading accounts for trading in financial instruments, spot metals trading charges at ETFinance can be expected to be nominal.
Does ETFinance provide Stock Trading?
ETFinance provides Stock Trading along with many other financial instruments such as forex, indices, commodities, cryptocurrencies trading on CFDs, etc.
What is Spread at ETFinance?
ETFinance offers three different trading accounts, and the spread charges for each of the trading accounts vary based on the functionality of the trading account and the offerings.
For the Silver account, the spread is from 0.07 pips.
For the Gold Account, the spread is 0.05 pips, and for the Gold Account, the spread is tighter from 0.03 pips.
Is ETFinance safe for trading?
ETFinance is a Cyprus-based online trading company founded in 2018.
It is a safe and secured company regulated by CySec (Cyprus Securities and Exchange Commission) under license number 359/18.
It 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 also ensures full compliance with EU regulations, ESMA regulations, and GDPR (General Data Protection Regulation).
Does ETFinance provide Trading Tips?
TIPS stands for Treasury Inflation-Protected Securities. ETFinance offers such securities to its traders.
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