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ETFinance Review and Information 2021

ETFinance
Rating ETFinance does not participate in the Forex Rating
Reviews Rating
Regulation CySec
Trading software Webtrader, Metatrader 4, Mobile App
Headquartered 1 Agias Fylaxeos Street, 3025 Limassol, Cyprus
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ETFinance was established in order to help ambitious people from Europe  to trade in the ever-changing financial world. They offer investors a unique trading experience that focuses on providing you with all the tools and knowledge you need in order to go about building your trading future.

Their Mission and Vision


The goal at ETFinance is to provide traders with a firm foundation and cutting-edge platform that will allow them to trade to the best of their potential. Their aim is to be the go-to platform for aspiring individuals who are looking for a place where you can efficiently and intelligently invest your capital.

An Award Winning Platform


In order to help their traders navigate global markets in the most efficient way, they have chosen some of the most-award-winning trading platforms in the world - WebTrader and MetaTrader. Both are intuitive, easy to use, and fully operational, allowing traders to explore their powerful features easily and quickly from their personal computer or mobile phone.

Professional Analysis Tools


Their platforms offer CFD trading on a variety of financial assets, such as stocks, indices, currencies, cryptocurrencies and commodities. This allows you to choose the approach according to your abilities, giving you the freedom to diversify your portfolio or focus on a specific field.

24/5 Basis


As traders you can find assistance Monday - Friday: 7 to 19 GMT , through a dedicated team of client representatives and customer support agents.

ETFinance is a trading name of Magnum FX (Cyprus) Ltd. Registered company in Cyprus under registration no. HE360548. Magnum FX (Cyprus) Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 359/18. Business Address 1 Agias Fylaxeos Street, 3025 Limassol, Cyprus.

ETFinance Trading Information 2021


WWW https://www.etfinance.eu/
Address 1 Agias Fylaxeos Street, 3025 Limassol, Cyprus
Headquarters Cyprus
Free phone +8006 003 7004
Mobile trading
Demo account
24 hour trading
Hedging
Digits after the dot in quotes 5
Minimum position size 0.01
Pip spread on majors 0.7-1
Spread Type Variable
Maximum Leverage 500
ECN, $
STP, $
Standard account, $ 250
Mini account, $
Popular payment methods Klarna, Skrill, Neteller, PayByBank.App, Visa/Mastercard debit/credit
Account currencies EUR, GBP, USD
Available assets Forex, Crypto Pairs, Indices, Commodities, Stocks
Languages English, Spanish, German, Dutch, Portuguese, Italian
Platforms Webtrader, Metatrader 4, Mobile App
Broker type STP
Regulation CySec
Foundation 2018

ETFinance Reviews and Comments

ETFinance is a good choice for online forex trading. I'm pleased to deal with a regulated company.
  29 Jul 2021  
ETFinance is good at providing competitive conditions, also they offer a good education and convenient mobile trading.
  28 Jul 2021  
I have been working with Etfinance for a year and a half and I am satisfied with everything. There is a great mobile app, cool trading platforms, and pretty decent conditions.
  26 Jul 2021  
Really convenient platform, friendly staff, lots of educational materials, reasonable spreads and leverage, fast withdrawals, I'm really happy with my experience with this company.
  26 Jul 2021  
Award-Winning NDD Execution

All client trades are executed with No Dealing Desk* intervention. Most trades are filled in under 10 milliseconds, with up to 2,000 trades executed per second.

I like ETFinance trading conditions. Everything is simple and clear here. I also like that broker can offer me wide choice of trading instruments.
  23 Jul 2021  
It took me quite some time to figure out how to trade properly but recently I've been making lots of successful trades. Educational content on the website really helped me with that.
  23 Jul 2021  
ETFinance is the platform I prefer among many others on the market. There are reasonable spreads, sure-handed support team and wide choice of tools.
  22 Jul 2021  
I enjoy working with this broker. For a year and a half, I have established successful cooperation and learned how to make money regularly. I really like that the support service regularly comes to the rescue, as well as the fact that Etfinance has a verified license.
  16 Jul 2021  
I like the opportunity to trade a variety of financial instruments, including stocks, cryptocurrencies, and commodities. The company also provides good leverage for them.
  9 Jul 2021  
When i started trading on this platform they where already rushing me to deposit money and trying to convince me to deposit more money then I wanted to. At this point i should have been alarmed. When my account was all set up they brought me in contact with my account manager as they call it. This account manager was calling me like 100 times a day, when i told him i was at work and did not have the time to call this much he told me "You should stop working and start trading with more money". At this point i was a little bit annoyed by this account manager, because he told me what I should do all the time and acted like there was not any risk to trading. The company then set me up with another account manager, someone who speaks my native language. He offered me several things that were to good to be true like having to pay less spread and less swap costs. At the time I thought like oke they want to compensate me for the bad behaviour of one of their account managers and I accepted the offer. After a while I discovered that they did not keep their word, but I made some profits trading on their platform, so i was oke with it. One day I closed my position on palladium. There was a profit of $440, that is why i closed the position. After the closing the position I noticed a decreased balance value. It turned out that my position was closed with a loss of $360. I contacted the company and they told me that they were going to investigate te case. The investigation took 4 weeks just to tell me they did not notice anything out of the ordinary. This was not the worst part. Normaly when your free margin is in danger you receive a text message saying your margin has dropped below 75%. Later that day I opened the app to see if i should close one of my positions. To my surprise I saw that a large part of my positions were closed automaticaly by the system and my balance value has dropped with around 70%, unfortunately I never received a tekst message and my account manager never warned me as well. After this i spoke with my account manager about this situation and the only thing he told me was that the noticed that the price of palladium never dropped under the price i bought it for (the company's management denied this). He also told me that he was not able to do anything about it and that I should put in more money to save the rest of my positions. I told him that the system was failing and I did not trust any more of my money with the company and also that I wanted a response from the company first. After this I heard nothing from them for a while. I decided to send them an email, because they told it would only take 5-7 business days. They replied to my email by saying we are calling you today at this time, not asking if I was available at that time. I could not pick up the phone at the time they called me so they called me again the next day, a bit mad that I did not pick up the phone the day before and offered me around 8% of the money I lost due to their failling system and told me that their system was not failling and they only offered me the money because I was unsatisfied as a client of the company. Do not make the same mistake the mistake as i did, do not go into business with ETFinance. You will lose money!
  8 Jul 2021  
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