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ETFinance Broker Review

Review By: Alan Little Review Updated: January 17, 2020

Address: 79 Spyrou Kyprianou Avenue, 3076, Limassol, Cyprus

Forex Stocks CFD Crypto Commodities

Spread

1

Max. Leverage

1:300 Pro

Deposit Protection

£50,000

Min. Deposit

£100

Spread

0.6

Max. Leverage

1:300 Pro

Deposit Protection

£50,000

Min. Deposit

£100

Spread

1

Max. Leverage

1:30

Deposit Protection

£50,000

Min. Deposit

£100

Spread

1

Max. Leverage

1:300 pro

Deposit Protection

£50,000

Min. Deposit

£100

Our Overall Rating

Rating NAN
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ETF is a major European broker regulated by CySEC, which means all the traders can enjoy secure trading with a licensed brand. ETFinance offers access to more than 10,000 markets via CFD trading and provides users with powerful tech solutions to implement their trading strategies.

The brand is focused on helping each individual trader realize their financial potential by providing them an award-winning trading platform, access top-notch educational materials, and execute your strategies on a demo account. With three retail and one professional account type, every user will be able to find trading conditions that suit their goals. ETFinance also offers an Islamic account specifically tailored to the needs of the customers who abide by Sharia law.

With five asset categories, including Forex, cryptocurrencies, indices, stocks, and commodities, traders of any level will be able to find a fitting investment opportunity. Moreover, ETF team is always ready to help its customers at any stage of their trading journey. Users get access to a top-notch trading terminal MT4, which they can utilize on any device – PC, notebook, tablet or mobile to invest on-the-go.

Commissions & Fees

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Like most of the brokers on the market, ETFinance charges a few commissions from its clients for providing financial services. We provide a quick overview of the fees but make sure to check full Terms & Conditions on the brand’s official website.

The brand charges these types of commissions:

  • Spread each time a customer opens or closes a trade
  • Overnight fee for positions left open after 9 pm
  • Inactivity fee after an account remains dormant after 2 months

Make sure to check the full data regarding fees so you are aware of the potential deductions from your account balance. You can find detailed financing fees on the Assets Index page. Please, be aware that these fees are charged per lot. As for the inactivity penalty, it will be charged after two months of an account being dormant. The longer the period is, the higher the fee a trader must pay.

Platforms & Tools

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ETFinance furnishes you with the award-winning platform Meta Trader 4. It has already become an industry’s golden standard due to a wide variety of built-in analytical tools and market information available. Millions of traders have chosen MT4 as their go-to platform due to their powerful features, user-friendly interface, and flexible trading system.

The right set of tools is crucial for efficient and comfortable trading experience. Get a look at other tools offered by ETFinance and utilize them to bring your trading to new heights:

  • Economic calendar. Learn about the upcoming macroeconomic events such as monetary policy changes, issue of reports on unemployment levels, etc.
  • Earning reports. A quarterly public report that summarizes the performance of the world’s largest companies.
  • Educational materials. Broaden your knowledge on market, assets, and CFDs using a variety of educational materials which range from beginner courses to in-depth professional analysis.
  • Market analysis tools. See what’s trending on the market using this handy tool and make your strategic investment move.
  • Full asset index. An organized list of all the assets you can trade CFDs on via ETFinance platform.

Customer Service

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To ensure your trading experience is smooth and cloudless, ETF has gathered a team of knowledgeable individuals to help you with your market experience. Refer all the questions you might have to the customer service managers, which are available from Monday through Friday from 7:00 am to 7:00 pm GMT. You can reach out via live chat, email, or by phone. The staff is friendly, straight-to-the-point, and always ready to assist with any matter.

Research

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The brand encourages customers to educate themselves on the matter and conduct their own research regarding the most effective trading moves. The education hub of the brand is well-equipped for a trader of any level, from newbies to savvy market wolves.

Users can choose from articles, VODs, ebooks, courses, and tutorials depending on their preferred style of learning. The service makes sure you have all the necessary information at hand to make educated moves regardless of the asset you choose to trade CFDs on.


Ease of Use

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The registration takes only three simple steps.

  1. Provide your personal details, as well as information about your previous experience with financial markets and financial derivatives.
  2. Your account goes through the verification process. Once verified, you get access to 10,000+ markets through the trading terminal.
  3. Log in, make your first deposit, and realize your financial potential by trading CFDs on Forex, cryptocurrencies, indices, stocks or commodities.

Mobile Trading

Rating

Robo Trading

To Follow

Crypto Currency

To Follow

Regulatory details

 

ETFinance offered via the approved domain “www.etfinance.eu” is a brand name of Magnum FX (Cyprus) Ltd.

Magnum FX (Cyprus) Ltd. is a leading Cyprus Investment Firms (CIF) licensed and regulated by Cyprus Securities and Exchange Commission (CySEC) under license number 359/18 as of 04.06.2018. The company’s registration number is 360548.

Final Thoughts

ETFinance is a regulated European broker that provides competitive trading conditions and a wide range of assets to trade CFDs on. It also offers five different types of accounts, including an Islamic one, to ensure that the needs of every trader are met. The brand offers an extensive knowledge base to assist customers on their market journey and facilitates a smooth trading experience via an excellent customer support service. However, the brand does have some “hidden” fees, such as an inactivity fee. Moreover, it’s not accessible worldwide.

Overall, traders should conduct an in-depth analysis of online brokers before settling on a specific brand. We believe that ETFinance is a great option for diving into the exhilarating trading world or continuing your journey with comfort.

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