ETFINANCE REVIEW

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Comments Rating 4.62 (298 reviews)

GENERAL INFORMATION

Broker Name:

ETFinance

Broker Type:

Forex

Country

Сyprus

Operating since year:

2016

Regulation:

CySEC

Address:

Office 1, 2nd Floor, KPMG Center, 1 Agias Fylaxeos Street, Limassol, Cyprus, 3025

Broker status:

Active

CUSTOMER SERVICE

Phone:

+8006 003 7004

Languages:

English

Availability:

24/5

TRADING

Trading platforms:

MT4

Trading platform Time zone:

+8006 003 7004

Demo account:

YES

Mobile trading:

YES

Web-based trading:

YES

Bonuses:

N/A

Other trading instruments:

N/A

ACCOUNT

Minimum deposit ($):

$250

Maximal leverage:

1:500

Spread:

Variable

Scalping allowed:

Yes

General Information

ETFinance-1

ETFinance is an experienced broker that started operating nearly five years ago, in 2016. It provides a multi-asset trading experience that’s simple to get into because of how the broker is set up. The broker operates from Cyprus, which is a favorite location for online brokerages. Since it’s there, it works under CySEC’s watch. The exact address of its offices is Office 1, 2nd Floor, KPMG Center, 1 Agias Fylaxeos Street, Limassol, Cyprus, 3025.

The first impression you get about a broker is often from how well its website handles. Sites don’t make or break an experience, as once you switch to a trading terminal, they’re inconsequential. However, a clunky website demonstrates that the broker is sloppy in their work and makes getting info on them more challenging. Luckily, ETFinance left a fantastic initial impression as far as its website is concerned.

It handles well, and there’s no lag when changing webpages. That makes it vastly less frustrating than some other brokers’ sites, allowing you to get informed quickly. And on that end, it also does well in presenting the information in a comprehensive, transparent way. The broker doesn’t hide anything or divide details into small parts so you have to switch pages a ton. As such, the usually tedious research process ends up not consuming a ton of time or mental energy.

The website’s pretty easy on the eyes, creating a professional atmosphere. Admittedly, visual design is way down on the list of essential qualities for a broker, but we give credit where credit is due. So with that brief overview, it’s time to move forward and inspect the broker in more detail. For starters, here are some of ETFinance’s best qualities:

ETFinance Review, ETFinance Review

• Real Madrid Basketball Club Sponsorship

You might wonder why we place so much importance on a broker’s sponsorship deal with another institution. Well, as broker-sports club agreements become more common, they also become an excellent way to tell a brokerage’s intentions. World-renowned clubs wouldn’t risk pairing with faulty firms without a detailed inspection of their background and future plans. Doing such a thing would harm its reputation and bring more harm than good in the end. That’s why the sponsorship speaks both about ETFinance’s trustworthiness and its quality.

• Thorough Education

Educational features have become commonplace in the brokerage world, simplifying the trading process for beginners. However, most brokers only have educational features because they feel like they need to, without investing particular effort in them. In ETFinance’s case, the teaching experience is quite expansive and of a higher quality than most competitors. On top of that, there are multiple mediums you can use to learn, including text, video, and audio materials.

• No Fees

Many brokers use fees to fund the service they provide to traders. Some less customer-oriented firms go a step beyond that and use commissions as an earning-booster. The most malicious companies even try and obscure these charges, hoping the customer won’t notice for some time. While the first situation is the only one that’s somewhat excusable, it still acts negatively towards trading. That’s why traders often go with firms such as ETFinance that provide a fully transparent and fair funding structure.

Funds Trading and Security

Security and trading conditions must always come together for brokers that wish to push into the top market spots. Earning money, just for all of it to be stolen, feels horrid and is, of course, unadvisable. Likewise, being entirely sure all your money is safe in your account is useless if you can’t earn a dime. At that point, you’re better off using a bank account for storage. Luckily, ETFinance does well in both areas, but let’s look at its security first.

As we stated earlier in our ETFinance review, the broker works under the Cypriot watchdog, CySEC. The regulator is undoubtedly one of the most stringent ones out there, ensuring the broker’s proper functioning. Even in the case of a misstep, CySEC has a reimbursement program, promising customers their money back. Naturally, that would come with fines for the broker.

So on a technical level, it’s apparent that ETFinance is in the clear, but when examining security, that’s not enough. You need to look at some slightly more subjective factors, such as user impressions. However, that doesn’t change the broker’s image one bit, except perhaps improving it even further. Users seem quite content with the service the broker provides, bar a few spam reviews.

There’s also the additional factor of the Real Madrid sponsorship we went over earlier in our ETFinance review. Everything we’ve seen lines up perfectly and creates the image of ETFinance being one of the few truly secure brokers. At the very least, it earned our stamp of approval, as it vastly surpasses most competitors.

The Trading Accounts

ETFinance’s account setup makes it so each trader can decide what’s best for their needs. Additionally, it also creates room for the broker to follow the MiFID II regulation meant to protect customers. As such, it empowers the already strong security rating we gave it. We should also note that there’s a demo account option that allows users to access ETFinance’s service without paying. Novices can also use the feature to practice and sharpen their trading skills without losing money.

Moving on to the live accounts, the broker takes a tiered approach, with Silver, Gold, and Platinum variations. The accounts improve via higher investment and volumes, meaning they don’t actually cost anything. As you don’t pay for the accounts themselves, you get the full value of each penny you invest. However, to get started with the Silver version, you need to deposit at least $250.

The broker also creates a split between retail investors and professionals in adherence with MiFID II. Retail accounts are the default, and they come with limited leverage, as well as other risk-reducing qualities. If you wish to obtain a professional account, you’ll need to submit additional documentation. If the documents prove that you’re a financially stable, capable trader, the pro account takes off the training wheels. It allows for a riskier but potentially more lucrative trading experience.

Choosing an account with ETFinance is a matter of personal preference. To aid you in that choice, we’d like to present some of its account qualities:

ETFinance Review, ETFinance Review

• Silver

  • 750 Assets
  • 0.07 Minimum Spreads
  • 1:30 Maximum Leverage
  • Full 10-hour support from 10am – 8pm GMT
  • Islamic account

• Gold

  • 0.05 Minimum Spreads
  • 1:30 maximum leverage (Retail)
  • 1:400/1:500 maximum leverage (Pro)
  • Dedicated account manager
  • Webinars & videos
  • Hedging
  • Swap discount 25%
  • Islamic account

• Platinum

  • 0.03 minimum spreads
  • 1:30 maximum leverage (Retail)
  • 1:400 / 1:500 maximum leverage (Pro)
  • Dedicated account manager
  • Webinars & videos
  • Swap discount 50%
  • News alerts
  • Free VPS
  • Islamic account

Trading Conditions

ETFinance’s trading conditions pair with its security in making it a top-tier broker. You may have picked up on some from the previous section of our ETFinance review, but here we’ll go over them together. Starting off, the spreads are quite tight, minimizing any sort of trading cost beyond the trade itself. The leverage is high, ensuring the tactics that employ it remains viable. The platform, asset variety, and account structure are all excellent as well.

ETFinance Review, ETFinance Review

The secondary factors that back up trading also perform well. The funding, for example, is top-notch. There aren’t any fees on trades, meaning everyone gets the full worth of their money. Security is also excellent, ensuring customers won’t lose their funds to foul play from the broker or the outside.

Trading Platform

ETFinance-6

In the previous section of our ETFinance review, we mentioned its excellent platform. You probably already assumed we were talking about MetaTrader 4, and you’d be correct. The software has been the top dog in the trading terminal business for quite a while now and is the favorite tool of many traders. It provides unrivaled analytical features while remaining simple in its UI, serving both veterans and novices simultaneously. It also has web and mobile forms, increasing the ease of access and convenience of trading.

ETFinance's Trading Products

Another fantastic part of ETFinance’s service is the volume and quality of its trading instruments. As an all-around broker, it needed to cover all the major trading categories asset-wise. It achieved that and then some, with 750 assets logically placed across a multitude of classes. Naturally, some trading product types have more individual assets than others, but there’s a respectable selection of each kind. Here are the categories you can see at ETFinance:

  • Assets
  • Forex
  • Metals
  • Indices
  • Stocks
  • Commodities
  • CFDs
  • Cryptocurrencies
  • ETFs

Customer Service

You can use three methods to reach ETFinance’s support: the phone line, live chat, and email. If you wish to call, you’ll need to be slightly careful about the time, as the phone operates Monday – Friday: 04:00 – 17:00 GMT. On the other hand, the live chat and email are functional 24/5, allowing for quick and efficient responses.

Phone: +8006 003 7004
Email: [email protected]

ETFinance Review, ETFinance Review

ETFINANCE REVIEW: Conclusion

ETFinance is what most modern brokers should strive to become. It’s apparent that, in its five years of operating, it’s continuously improved and updated. The result of its efforts is a world-class brokerage that does excellent on both vital fronts, trading, and security. The account typing and asset count allow for a truly personalized and skill-expressive experience. Meanwhile, the airtight trading conditions ensure that no matter how you choose to trade, you get the best possible odds. The security seals the deal, guaranteeing that your experience doesn’t get ruined by shady occurrences.

The brokerage is a good gateway into trading for beginners. It provides a comprehensive trading course and a simple-to-grasp platform, allowing novices to ease themselves into the process. On the other hand, it’s also a good fit for veterans, with powerful trading conditions and massive asset variety. Concluding our ETFinance review, we’d say the broker is a great fit for anyone looking for a new trading hub.

COMMENTS

298 Comments

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  210. ETFinance Review, ETFinance Review Oliver Best 30.12.2021
  211. ETFinance Review, ETFinance Review Rebecca Patten 28.12.2021
  212. ETFinance Review, ETFinance Review Keira Close 23.12.2021
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  219. ETFinance Review, ETFinance Review Piper Agnew 23.11.2021
  220. ETFinance Review, ETFinance Review Phoebe Porteus 18.11.2021
  221. ETFinance Review, ETFinance Review Milla Plante 16.11.2021
  222. ETFinance Review, ETFinance Review Ebony Grey-Smith 11.11.2021
  223. ETFinance Review, ETFinance Review Sofia Bowhay 09.11.2021
  224. ETFinance Review, ETFinance Review Seth Jamieson 04.11.2021
  225. ETFinance Review, ETFinance Review Tyler Greig 28.10.2021
  226. ETFinance Review, ETFinance Review Hayden Henley 26.10.2021
  227. ETFinance Review, ETFinance Review Mikayla Gow 21.10.2021
  228. ETFinance Review, ETFinance Review Mason Whitehead 19.10.2021
  229. ETFinance Review, ETFinance Review Kayla Heath 14.10.2021
  230. ETFinance Review, ETFinance Review Sara Brophy 12.10.2021
  231. ETFinance Review, ETFinance Review Wolfgang Hoffmann 07.10.2021
  232. ETFinance Review, ETFinance Review Eve Curry 05.10.2021
  233. ETFinance Review, ETFinance Review Georgia Wand 30.09.2021
  234. ETFinance Review, ETFinance Review Dielle Bourgeau 28.09.2021
  235. ETFinance Review, ETFinance Review Xavier Ayers 23.09.2021
  236. ETFinance Review, ETFinance Review Hleb Golubev 21.09.2021
  237. ETFinance Review, ETFinance Review Jasmine Horseman 16.09.2021
  238. ETFinance Review, ETFinance Review Claudia Holtzmann 14.09.2021
  239. ETFinance Review, ETFinance Review Ebony Eades 09.09.2021
  240. ETFinance Review, ETFinance Review Anke Schulz 07.09.2021
  241. ETFinance Review, ETFinance Review Gabrielle McBeath 02.09.2021
  242. ETFinance Review, ETFinance Review Uwe Metzger 31.08.2021
  243. ETFinance Review, ETFinance Review Mariam Bungaree 26.08.2021
  244. ETFinance Review, ETFinance Review Taj Legge 24.08.2021
  245. ETFinance Review, ETFinance Review Tim Ziegler 19.08.2021
  246. ETFinance Review, ETFinance Review Leah Dreher 17.08.2021
  247. ETFinance Review, ETFinance Review Eden Fellows 12.08.2021
  248. ETFinance Review, ETFinance Review Phoebe Cowlishaw 10.08.2021
  249. ETFinance Review, ETFinance Review Ben Priddle 06.08.2021
  250. ETFinance Review, ETFinance Review Edgar Baryshnikov 03.08.2021
  251. ETFinance Review, ETFinance Review Zahar Aksakov 29.07.2021
  252. ETFinance Review, ETFinance Review Lukas Naumann 27.07.2021
  253. ETFinance Review, ETFinance Review Lucas Biermann 22.07.2021
  254. ETFinance Review, ETFinance Review Alica Redmond 20.07.2021
  255. ETFinance Review, ETFinance Review Anisa Kolesnikova 15.07.2021
  256. ETFinance Review, ETFinance Review Brigitte Koenig 13.07.2021
  257. ETFinance Review, ETFinance Review Glafira Alekseyeva 08.07.2021
  258. ETFinance Review, ETFinance Review Odette Boulé 06.07.2021
  259. ETFinance Review, ETFinance Review Leonie Baecker 01.07.2021
  260. ETFinance Review, ETFinance Review Rodion Kazantsev 29.06.2021
  261. ETFinance Review, ETFinance Review Christian Weir 24.06.2021
  262. ETFinance Review, ETFinance Review Brigitte Gruenewald 22.06.2021
  263. ETFinance Review, ETFinance Review Loring Lamare 17.06.2021
  264. ETFinance Review, ETFinance Review Felix Shuster 15.06.2021
  265. ETFinance Review, ETFinance Review Dominik Beckenbauer 10.06.2021
  266. ETFinance Review, ETFinance Review Bernard Dubeau 08.06.2021
  267. ETFinance Review, ETFinance Review Cody Cohn 04.06.2021
  268. ETFinance Review, ETFinance Review Amelia Hayter 02.06.2021
  269. ETFinance Review, ETFinance Review Tamara Dolgorukova 27.05.2021
  270. ETFinance Review, ETFinance Review Anja Braun 25.05.2021
  271. ETFinance Review, ETFinance Review Philemon Yefremov 20.05.2021
  272. ETFinance Review, ETFinance Review Makayla Garsia 18.05.2021
  273. ETFinance Review, ETFinance Review Mike Baier 13.05.2021
  274. ETFinance Review, ETFinance Review Katrin Weisz 11.05.2021
  275. ETFinance Review, ETFinance Review Gayane Yefremova 06.05.2021
  276. ETFinance Review, ETFinance Review Montague Lizotte 04.05.2021
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  278. ETFinance Review, ETFinance Review Ebony Cade 27.04.2021
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  281. ETFinance Review, ETFinance Review Pauline Davydova 13.04.2021
  282. ETFinance Review, ETFinance Review Jordan Gell 08.04.2021
  283. ETFinance Review, ETFinance Review Zara Chamberlain 06.04.2021
  284. ETFinance Review, ETFinance Review Alain Belova 01.04.2021
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  287. ETFinance Review, ETFinance Review Janina Baer 23.03.2021
  288. ETFinance Review, ETFinance Review Annette Bourgouin 18.03.2021
  289. ETFinance Review, ETFinance Review Uta Schneider 16.03.2021
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  292. ETFinance Review, ETFinance Review Ryder McVicars 04.03.2021
  293. ETFinance Review, ETFinance Review Jens Bader 02.03.2021
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  295. ETFinance Review, ETFinance Review Gabriele Kluge 23.02.2021
  296. ETFinance Review, ETFinance Review Lucas Theissen 18.02.2021
  297. ETFinance Review, ETFinance Review Matthieu Blanc 16.02.2021
  298. ETFinance Review, ETFinance Review Jacques Parent 11.02.2021

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