In this ETFinance Review, we are going to take a look at the offer that this broker prepared for its traders. ETFinance is regulated by the CySEC in Cyprus. ETFinance operates on the financial market since 2018. When it comes to trading platforms, the broker features WebTrader and MetaTrader 4. The ETFinance minimum deposit is 250 USD.
Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money
Basic information from this ETFinance Review
Website address: | etfinance.eu |
Operated by: | MaxnumFX (Cyprus) Limited |
Licensed and authorised by regulatory bodies: | CySec |
Supported languages: | English, German, Spanish, Italian and Portuguese |
Customer support available via: | E-mail, phone, live-chat |
Contact details: | [email protected] +8006 003 7004 |
Available deposit methods: | VISA, MasterCard, Maestro, Neteller, Skrill |
Available withdrawal methods: | VISA, MasterCard, Maestro, Neteller, Skrill |
Minimum deposit: | 250 USD |
Min. trade in lots: | 0.01 |
Spreads: | Typical spread on the currency pair EUR/USD - 1,3 pips * on standard account type |
Tradable assets: Might be a CFD. | Forex (50), stocks, commodities, indices, cryptocurrencies (30) |
Mobile app: | |
MetaTrader 4: | |
Other trading platforms: | WebTrader |
Social trading: |
ETFinance Fees (typical spreads)
We have scanned fees (typical spreads) that ETFinance charges when trading popular currency pairs, here is their breakdown in pips.
EUR/GBP | EUR/USD | USD/CHF | EUR/JPY | GBP/USD | USD/JPY |
---|---|---|---|---|---|
* | 1,3* | * | * | 2,0* | 1,5* |
*Typical spreads were recorded on 17.01.2020 at 21:30 for the standard account. ETFinance spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.
Random reviews of competing FX & CFD brokers: eDealFX, Ice-FX, PatForex and Trades
Frequently Asked Questions
🧐 Is ETFinance a Scam?
ETFinance is a broker licensed and regulated by the CySec. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that ETFinance is not a scam, read our trader reviews and check other popular trading related websites and forums.
🆓 What is the ETFinance minimum deposit?
In order to start trading with ETFinance, you have to deposit at least 250 USD (Trading accounts can also be held in USD,EUR,GBP).
📵 What deposit and withdrawal methods ETFinance supports?
⚖️ Would you recommend me choosing ETFinance?
We don’t have our own personal experience with ETFinance. However, because the broker is regulated by the CySec, there is a high chance that it is not a scam. With that being said, it still does not mean that ETFinance is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions.
Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker Etoro – (77% of of retail investor accounts lose money when trading CFDs with this provider), which is a CySEC regulated company that allows trading from as little as $50 and charges highly competitive fees on all assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs
You should consider whether you can afford to take the high risk of losing your money ¹ Variable spreads, spreads recorded for the EUR/USD on 11.01.2024 at 11:42 GMT.