ETFinance is a CFD Broker that features on its trading platform CFDs on stocks, indices, currencies, commodities and cryptocurrencies. ETFinance is a subsidiary company of Magnum FX (Cyprus) Ltd, a corporation that is regulated and overseen in Cyprus by the CySEC. The minimum spread is for EUR/USD 0.7 pips*. The ETFinance website is available in 6 languages; English, German, Spanish, Portuguese, Dutch, Italian.
What do we cover in our ETFinance Review?
|General Risk Warning: 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.|
Basic information about the broker
- Rating: (4.7 / 5) 1st Place in our crypto ranking comparison and 1st Place in our FX/CFD ranking comparison
- Website address: www.ETFinance.eu
- Leverage: up to 1:30
- Instruments: CFDs – stocks, indices, currencies, commodities, cryptocurrencies
- Minimum deposit: $250
- Demo account: Yes, free of charge
- Methods of deposit and withdrawal: Skrill, Neteller, Credit and debit cards (Visa, Mastercard, Maestro)
ETFinance Trading Platform
ETFinance offers for CFD trading MT4, a popular choice of many traders when it comes to selecting a trading platform. This trading platform does not handle very well only executing trades but also analyzing financial markets and automated trading. MT4 can be downloaded to any computer or can be accessed via just a web browser or a mobile application. The number of available assets at ETFinance hovers around 1 000.
As any other CFD broker, ETFinance charges a spread fee. For the most current spread charges, please visit the ETFinance.eu website. Here is a spread comparison table that contrasts ETFinance spreads with popular industry competitors.
*Minimum spreads recorded on 28.06.2019 at 11:42 GMT. Data about spread charges were provided by the customer support of the broker. **Spreads recorded on 31.05.2019 at 8:23 GMT from the trading platform of the broker.
Cryptocurrency trading with ETFinance
ETFinance features on the trading platform 19 cryptocurrencies: BTC, BSV, BTG, DSH, ETC, ETH, IOT, LSK, LTC, NEO, QTM, SIC, USDT, XEM, XLM, XRP, XVG, ZEC, ADA, BAB. Every coin can be traded against the US dollar, some of them also against the euro or pound sterling. In total, there are available 33 cryptocurrency pairs.
Magnum FX (Cyprus) Ltd is authorized and regulated under the Cyprus Securities and Exchange Commission under license number 359/18.
The CySEC regulation gives ForexMart the right to provide cross-border services to other members of the European Economic Area.
Advantages and disadvantagesEvery Broker has its pros and cons, let's have a look at the ones that elevate & denounce ETFinance.
- Tight spreads
- Around 1 000 assets to choose from
- Does not support Paypal
To sum up the ETFinance Review
ETFinance adheres to strict regulatory guidelines of the CySEC. The broker features a good amount of CFDs on which it charges very solid spreads. The website of the company is modern, light and simple. The ETFinance offer also includes a free demo for practice trading. The only disadvantage I could spot is that ETFinance does not support Paypal deposits and withdrawals, but all and all, ETFinance is a broker to keep an eye on.
71% of retail CFD accounts lose money
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