71% of retail investor accounts lose money, …
Before choosing a broker to embark on the path to the financial markets, it is important to know and have a clear overview of its services. This is where detailed reviews are important. In this series, we will do a detailed review of ETFinance, the European broker and sponsor of the Real Madrid Basketball Club.
The platform has been in the limelight ever since its inception in 2018, thanks to its standout features & customer-centric services. With its ever-increasing presence in the global markets, the broker seems to have developed trust among its clients. Let’s dig deep into this in-depth ETFinance review to have more clear information about the broker.
ETFinance is a leading multi-asset and Forex broker, offering advanced and user-friendly platforms to traders across the world since 2018. The platform was launched by Magnum FX (Cyprus) Ltd, a company registered with the Cyprus Securities and Exchange Commission (CySEC).
Through CFDs, the company offers commission-free trading on a wide range of markets, including Forex, Stocks, Indices, Commodities, and Cryptocurrencies.
Users can have access to the advanced MetaTrader trading platform, which is available on desktop, web, and mobile. The broker’s services and features are so exceptional, with outstanding educational support and round-the-clock customer care.
Based on our findings from the ETFinance review, the broker is found to be well-regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 359/18.
On the other hand, the broker offers services in over 194 countries, with the UK, Germany, Australia, South Africa, Thailand, and China being among the major nations covered by the broker. The broker has almost 10,000 active clients to date.
Henceforth, the regulations and active clients’ trust in ETFinance makes it the legit and safest broker to trade with.
The broker offers three different account types, ranging from silver to platinum. Each account type has a distinct feature. So, let’s check out all the features of these available account types:
The silver account best suits novice traders who hesitate to invest much. Traders using this account will have a minimum spread of 0.07 and maximum leverage of 1:30.
The Gold account is for traders who understand the market well and want to advance their skills.
Platinum accounts are for traders who have advanced knowledge about the markets. This account type offers a minimum spread of 0.03, with a maximum leverage of 1:500. Traders will receive a 50% discount on Swaps in addition to specialized account managers.
ETFinance offers a free Demo Account to its customers. You may utilize this demo account without risking any real money or investment.
Before entering live trade, we strongly advise everyone, especially newcomers, to open a demo account. Trading has a great level of risk for your money, and if you don’t understand how trading works, you may lose a lot of money.
Before going live, we recommend practicing your trading strategy and improving your trading abilities.
The account opening process on ETFinance is quick and hassle-free. In this ETFinance Review, have a look at the step-by-step process to open a live account.
Step 1: Click on the ‘Open Account’ option on the homepage.
Step 2: Now, fill out all the required personal information such as name, address, and Date of Birth.
Step 3: Following that, users are provided with a Part 1, Part 2, and Part 3 questionnaire that includes questions about education, employment position, net worth, trading funds, investment experience, and questions to evaluate the user’s understanding of financial trading, and tax information.
Step 4: Following this, users can upload a copy of a government-issued identity card for Proof of Identity and Proof of Address.
Step 5: Once an account gets verified, users can immediately deposit funds or sign into their ‘My Account’ using their ETFinance login details. Traders must make a deposit of at least $ 250 to trade on a live platform.
Note: Users may add new trading accounts, establish a test account, download appropriate trading platforms, and more through the ‘My Account section.
The broker provides CFDs on a wide range of tradable assets. The following are major instruments that are available for trade.
Forex: Trade on 50+ currency pairs such as EURUSD, EURDKK AUDCHF, GBPJPY, USDZAR, and more.
Precious Metal: Trade CFDs on precious metals such as XAUUSD, XAGUSD, COPPER, PLATINUM, and more.
Indices: Trade CFD on over 20 indices, including CAC, FTSE, DAX, DOW, IBEX, AEX, VIX, and more.
Commodities: Trade on CFDs on popular commodities such as Sugar 11, Corn, Coffee, Natural Gas, Brent Crude Oil, and more.
Stocks: CFDs on 150+ popular stocks such as Apple, Amazon, Facebook, BMW, Daimler, BARCLAYS, Vodafone and more.
Cryptocurrency: Trade CFD on all major cryptocurrencies, including Bitcoin, Ethereum, and many more.
The broker offers a commission-free trading experience to its account holders. On other instruments, including commodities, it may charge a low commission.
The commission-free feature of this broker is the most appealing as it allows CFD Forex traders to trade as frequently as they like without incurring transaction costs.
The broker provides floating spreads on a variety of asset types, including Forex, stocks, commodities, indices, and cryptocurrency.
There is no ‘typical spread’ information available for particular asset classes because spreads vary depending on their liquidity source.
ETFinance doesn’t charge any fees on deposits. However, you may be subject to a specific fee when you withdraw funds from your account.
On the other hand, the broker doesn’t charge inactivity fees.
The broker offers a notable leverage ratio to help traders maximize their profits.
The broker provides a variety of payment processing options for deposits and withdrawals. In addition, you can use debit/credit cards and various e-wallets.
The payment processing time is 2 to 3 days. However, it is dependent on the method you choose. For example, withdrawing money from ETFinance might take a long period, ranging from 2 to 5 days.
There are no fees for deposits or withdrawals with this broker. However, your bank could charge you a transaction fee.
The broker promises to provide competitive platforms with handy features that keep traders focused and on the edge of their seats.
These platforms are user-friendly, straightforward, and powerful, making them suitable for every sort of trader. Below are three platforms available:
WebTrader is a platform that is simple to use and does not require any downloads. It’s a user-friendly platform with helpful features and important data that will keep traders on top of the market.
ETFinance’s WebTrader Platform provides an ideal trading experience for both novices and professionals that take financial trading to the next level.
It provides traders with 24-hour access to global markets through any device or a web browser with an internet connection.
Its user-friendly design allows traders to keep track of various assets and trends. As a result, it has the ability to do basic analysis and make an informed decision that will help it realize its earning potential.
It’s straightforward, but it’s also competitive. You can also easily monitor real-time pricing.
MetaTrader4 (MT4) is the most widely used trading platform. It is a multi-award-winning trading platform that is popular among both novice and experienced traders.
The platform comes with a slew of useful tools and features that offer you a leg up on the competition and help you achieve better trading outcomes.
It is accessible via both the web and mobile platforms. It is a simple, powerful, and user-friendly platform that millions of traders use regularly all around the world.
This platform gives traders access to all of ETFinance’s assets and opportunities and comprehensive research tools that provide them market control. In addition, it offers a fantastic user interface that allows traders to track various assets.
Through ETFinance Mobile Trading App, traders can trade from anywhere and at any time as long as they are connected to the internet. In addition, this platform is user-friendly and convenient.
It gives traders access to all worldwide markets in the palm of their hands. Traders can manage their positions in real-time. It has the same functions as the web platform.
For quick and efficient trading, it provides a user-friendly interface with one-tap operations. The program also keeps traders up to speed on the newest market developments by sending market data, updates, and analyses directly to their smartphones.
This platform is available for download for free on Google Playstore and App Store.
Education: The broker offers good educational support with high-quality videos covering a variety of topics, including basics of Forex trading, Fibonacci, Candlesticks, Indicators for forex trading, and many more.
Research: The broker offers basic research tools such as an Economic calendar.
The broker provides customer service in multiple languages through a variety of channels, including:
As our ETFinance Review has come to an end, we can say that the broker is completely safe and legitimate. The broker’s tools, products, and services are focused on maximizing its clients’ financial potential, per our ETFinanace Opinions.
This international broker is licensed by CySEC and takes great care to ensure the protection of its clients. We suggest this broker because of its commitment to its clients and its ability to provide high-quality goods and services. In addition, it is dependable and trustworthy.
This broker genuinely puts out the effort to bring out the best in their clients and the trading industry’s full potential. Therefore, if you pick ETFinance as your broker, we can confidently state that you will receive the best service possible.
The broker accepts a variety of funding options, including bank wire transfers, electronic wallets (eWallets), Skrill accounts, and Neteller for depositing funds in your account.
The Cyprus Securities and Exchange Commission (CySEC) regulates and monitors the broker, making it safe for traders.
The withdrawal process varies based on the method; however, it usually takes 2-5 days.
The account opening process on ETFinance is quick and hassle-free. In this ETFinance Review, have a look at the step-by-step process to open a live account.
The broker doesn’t charge any fees on deposits. Also, there are no inactivity fees charged by the broker.
The broker offers trading platforms to the traders, which connects them to the global financial market. It ensures the quick and smooth buying and selling of underlying assets. For its services, the broker charges spread fees.
ETFinance App is the fastest and most comfortable way to execute market orders. The application offers the possibility of having the financial markets at hand and operating from anywhere.
Our mission is to assist millions of traders in finding the best broker. We unbiasedly review every broker and rank them based on their market standing, regulation, and other factors. Reviews are updated regularly to ensure that every trader has the most up-to-date information before making a choice.
Please beware of scammers, this people are everywhere, I invested £37,350 with scam broker FXG trade and never got my money back and they kept asking for more which I couldn’t meet up with their demands, so they never got back to me anymore and i was so desperately in need of help to recover all the money back to me, fortunately I came across a colleague that introduced me to a binary options trade funds recovery expert who goes by the name Mr Michael Bowen when i met them i did not believe that they could get back my money because i have been scammed a lot already and didn’t know what to do, but my spirit told me to give it a try and i did, feel free to contact them via their email address:bowenmichael989@gmail.com and they will help you to recover all your lost investment that was denied from you by your scam broker.
Its all a scam, I trade with different brokers most of them disappear when you want to make withdraw, I invested a total of $75,000.00USD worth of Bitcoin with an online company who does trading and was guaranteed a payout of 25% a week. They ended up shutting down their company website but their website was still running. So I could still see my dashboard at that time and instead of paying weekly they ended up compounding my money. It ended up compounding to $179,000USD so I requested for a withdrawal which was declined before they shutdown their website, I complained to my colleague at work who directed me about this recovery expert, Mr. Christopher Micheal that helped him, i contacted him immediately, what surprised me most that I recovered my money that same week. You can contact him at michealchristopher057@gmail.com and he will assist you on the steps to recover your invested funds. Good luck as you contact him for help..Show less
ETFinance is a good choice for CFD trading. Various financial instruments are offered by the broker. MT 4 trading platform is available which is popular for its inbuilt tools. Beginners can improve their skills through their educational material such as Video, Webinars, etc.
Happy with ETFinance trading broker services. Multiple options are available for the withdrawal and deposition process. The broker will never force you to keep your profits in a trading account only. You can easily process withdrawal in their given time period.
As a beginner, I open an account on ETFinance. I dose not have any trading experience but with the help of their trading related articles, videos, etc my trading journey is going smoothly. They have a good range of financial assets and research tools.
I am satisfied with ETFinance trading facilities. The registration process is very easy and fast. Every high leverage is available for Gold and Platinum account holders. 24/5 customer support from 07:00 to 19:00 GMT is ready to solve your problems.
My trading experience with ETFinance is awesome. It takes only 5 to 10 minutes in the registration process. The broker is providing almost everything under one roof such as currencies pairs, metals, indices, and many more. The customer support term is always ready to solve your queries from Monday to Friday.
For me, The ETFinance is the best broker. They have a good range of CFDs. Top companies share are available which involves BMW, Facebook, etc. In addition to this, the broker offers major currencies pairs, commodities, and precious metals. You need to spend only 10 to 15 minutes on the account opening process.
It’s a very nice online trading platform. I never face any difficulties regarding funds withdrawal and deposits. They offer more than 350 tradeable assets along with major currencies pairs. They do not charge any commission for trading.
I think it’s great to do trading with ETFinance. I suddenly came to the website of ETfinance, I read all the details for the broker website about financial instruments, regulation, account types, commission, etc. After that, I open an account which only a few minutes. They offer MT 4 trading platform and 24/5 customer service.
I’m a happy customer of ETFinance, it has been a great support system at the beginning of my trading career. The trading conditions are great for newbies, there’s a lot of free useful information that the website and the staff provides.
ETFinance is a SCAM.
I was a victim, I was lured in with fake promises of high return, it’s funny how these thieves do this and no authority whatsoever tries to check their operations. I almost lost all my life savings until I reported them to ;Elytchargeback.con
I was only lucky that I reported quickly
ETFinance has practically the worst CFD Trading benefits, thanks to firstreplevir.com whose team helped recover my money from them. By the way, firstreplevir is a recovery company, they helped me recover my lost investments and also gave me good advice on future investment. Check them out at firstreplevir.com
ETFinance is a good choice for CFD trading. Various financial instruments are offered by the broker. MT 4 trading platform is available which is popular for its inbuilt tools. Beginners can improve their skills through their educational material such as Video, Webinars, etc.
Happy with ETFinance trading broker services. Multiple options are available for the withdrawal and deposition process. The broker will never force you to keep your profits in a trading account only. You can easily process withdrawal in their given time period.
As a beginner, I open an account on ETFinance. I dose not have any trading experience but with the help of their trading related articles, videos, etc my trading journey is going smoothly. They have a good range of financial assets and research tools.
I am satisfied with ETFinance trading facilities. The registration process is very easy and fast. Every high leverage is available for Gold and Platinum account holders. 24/5 customer support from 07:00 to 19:00 GMT is ready to solve your problems.
My trading experience with ETFinance is awesome. It takes only 5 to 10 minutes in the registration process. The broker is providing almost everything under one roof such as currencies pairs, metals, indices, and many more. The customer support term is always ready to solve your queries from Monday to Friday.
For me, The ETFinance is the best broker. They have a good range of CFDs. Top companies share are available which involves BMW, Facebook, etc. In addition to this, the broker offers major currencies pairs, commodities, and precious metals. You need to spend only 10 to 15 minutes on the account opening process.
It’s a very nice online trading platform. I never face any difficulties regarding funds withdrawal and deposits. They offer more than 350 tradeable assets along with major currencies pairs. They do not charge any commission for trading.
I think it’s great to do trading with ETFinance. I suddenly came to the website of ETfinance, I read all the details for the broker website about financial instruments, regulation, account types, commission, etc. After that, I open an account which only a few minutes. They offer MT 4 trading platform and 24/5 customer service.
I’m a happy customer of ETFinance, it has been a great support system at the beginning of my trading career. The trading conditions are great for newbies, there’s a lot of free useful information that the website and the staff provides.
Its all a scam, I trade with different brokers most of them disappear when you want to make withdraw, I invested a total of $75,000.00USD worth of Bitcoin with an online company who does trading and was guaranteed a payout of 25% a week. They ended up shutting down their company website but their website was still running. So I could still see my dashboard at that time and instead of paying weekly they ended up compounding my money. It ended up compounding to $179,000USD so I requested for a withdrawal which was declined before they shutdown their website, I complained to my colleague at work who directed me about this recovery expert, Mr. Christopher Micheal that helped him, i contacted him immediately, what surprised me most that I recovered my money that same week. You can contact him at michealchristopher057@gmail.com and he will assist you on the steps to recover your invested funds. Good luck as you contact him for help..Show less
Its all a scam, I trade with different brokers most of them disappear when you want to make withdraw, I invested a total of $75,000.00USD worth of Bitcoin with an online company who does trading and was guaranteed a payout of 25% a week. They ended up shutting down their company website but their website was still running. So I could still see my dashboard at that time and instead of paying weekly they ended up compounding my money. It ended up compounding to $179,000USD so I requested for a withdrawal which was declined before they shutdown their website, I complained to my colleague at work who directed me about this recovery expert, Mr. Christopher Micheal that helped him, i contacted him immediately, what surprised me most that I recovered my money that same week. You can contact him at michealchristopher057@gmail.com and he will assist you on the steps to recover your invested funds. Good luck as you contact him for help..Show less
ETFinance is a SCAM.
I was a victim, I was lured in with fake promises of high return, it’s funny how these thieves do this and no authority whatsoever tries to check their operations. I almost lost all my life savings until I reported them to ;Elytchargeback.con
I was only lucky that I reported quickly
ETFinance has practically the worst CFD Trading benefits, thanks to firstreplevir.com whose team helped recover my money from them. By the way, firstreplevir is a recovery company, they helped me recover my lost investments and also gave me good advice on future investment. Check them out at firstreplevir.com