Trading Experience
“ETFinance offers unique features for beginner traders, as well as a strong educational video library covering a variety of topics.”
From our observations, ETFinance offers unique features for beginner traders such as commission-free trading and the ability to trade on the globally recognised MetaTrader 4 platform. The Client Area is simple to use and it is easy for the user to navigate to different areas such as opening a new live or demo account, depositing and withdrawing monies and accessing trading platforms.
While customer support is only offered in English or Spanish, agents in the Live Chat feature have been helpful and responsive. The online educational video library is also a useful feature for beginner traders and advanced traders alike.
FAQ
Is ETFinance regulated?
Yes, Magnum FX (Cyprus) Ltd – who owns the brand name ETFinance – are regulated by the Cyprus Securities and Exchange Commission (the “CySEC).
Where is ETFinance based?
ETFinance is based at the headquarters of Magnum FX (Cyprus) Ltd in Limassol, Cyprus.
How does ETFinance make money?
While ETFinance offers commission-free trading, they make money through marked-up spreads and swaps.
How do I deposit in ETFinance account?
Funds can be deposited into a trading account through a variety of mediums from the Client Area and include credit and debit cards as well as the Pay by Bank app and Trustly Instant Bank Transfer.
What is the min. deposit for ETFinance?
The minimum deposit to open a trading account is €215 ($250)
How do I withdraw money from ETFinance?
Withdrawals can be made from logging into the ETFinance website and selecting ‘Withdraw Funds’ in the Client Area.
What is the max leverage in ETFinance?
The maximum leverage offered by ETFinance is 1:30 as per the ESMA regulations*
How do I open an account with ETFinance?
An account can be opened at the click of a button on the ETFinance website, through clicking the ‘Open Account’ tab on their homepage.
Does ETFinance use MetaTrader?
Yes, ETFinance does offer MetaTrader 4 for Desktop, Web and Mobile.
*1:500 is the maximum leverage available for Professional Clients
Conclusion
“ETFinance offers a unique and simple commission-free trading account that is ideal for beginner traders, as well as an impressive educational video library covering a variety of topics.”
ETFinance offers a unique and simple commission-free trading account covering a wide range of asset classes such as Forex, Stocks, Indices, Commodities and Cryptocurrencies on the globally recognised MetaTrader 4 trading platform.
While the research tools are very limited, users have access to a demo trading account as well as a strong library of educational videos covering beginner and advanced trading topics. The Client Area is also simple to use, helping users navigate between opening live and demo trading accounts, depositing and withdrawing funds and accessing the trading platforms for desktop, web and mobile.
While ETFinance operates with just one liquidity provider, according to their website, they hold client funds in segregated accounts within reliable Cyprus or EEA credit institutions and are a member of the Investor Compensation Fund.
- ETFinance is a brand name of Magnum FX (Cyprus) Ltd which is regulated by CySEC.
- A wide range of asset classes are available to trade commission-free.
- Trade on the globally recognised MetaTrader 4 trading platform on Desktop, Web and Mobile.
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