Broker Information
ETFinance
ETFinance
Suspicious Clone
Platform registered country and region
China
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support@etfinance.com
Company Summary
https://cfd-trading.lp-etfinance.eu/u/c8e8514e37f1e7ac93ec
Website
Single Core
1G
40G
Note: ETFinance's official website: https://cfd-trading.lp-etfinance.eu/ is currently inaccessible normally.
ETFinanceReview Summary | |
Founded | 2018 |
Registered Country/Region | China |
Regulation | CySEC (Suspicious clone) |
Market Instruments | Forex pairs and CFDs on soft commodities, cryptos, stocks, indices, metals and energies |
Demo Account | ✅ |
Leverage | Up to 1:30 |
Spread | From 2.0 pips (Standard account) |
Trading Platform | MetaTrader4, WebTrader, MobileTrader |
Min Deposit | / |
Customer Support | Email: support@etfinance.com |
6 languages supported on the website |
ETFinance was registered in 2018. It provides forex pairs and CFDs for trading with leverage up to 1:30 via the most popular trading platform - MT4. However, its regulatory license is a suspicious clone, and the contact methods are limited.
Pros | Cons |
Various trading instruments | Suspicious clone regulation |
Popular trading platform MT4 | Wide spreads on the Standard account |
No info on minimum deposit | |
Limited contact methods |
Regulatory Authority | Cyprus Securities and Exchange Commission (CySEC) |
Regulatory Status | Suspicious Clone |
Regulated by | Cyprus |
Licensed Institution | MAGNUM FX (CYPRUS) LTD |
Licensed Type | Straight Through Processing (STP) |
Licensed Number | 359/18 |
ETFinance's regulation is suspicious clone. It was registed in China, but it shows regulated bt Cyprus. Besides, the email address and website are different. Traders should be careful.
Tradable Instruments | Supported |
Forex | ✔ |
CFDs | ✔ |
Soft Commodities | ✔ |
Metals | ✔ |
Energies | ✔ |
Indices | ✔ |
Stocks | ✔ |
Cryptos | ❌ |
ETFinance offers four account types: Bronze, Silver, Gold and Platinum. Islamic accounts are also provided.
ETFinance's leverage is up to 1:30. Though the leverage is low, traders should know investing more can have two results: gain more or loss more.
The spread of ETFinance varies by the accounts. And the Bronze account shows 0% deposit commission.
Account Type | Minimum Spread |
Bronze | 2.0 pips |
Silver | 0.07 pips |
Gold | 0.05 pips |
Platinum | 0.03 pips |
ETFinance has substantial inactivity fees of up to €500 per month.
Trading Platform | Supported | Available Devices | Suitable for |
MT4 | ✔ | Desktop, Web, Mobile | Beginners |
Webtrader | ✔ | Web | / |
Mobiletrader | ✔ | Mobile | / |
ETFinance supports deposit and withdraw through VISA, MasterCard, bank wire and popular e-wallets like Neteller and Skrill. There is a bank transfer fee €15, while the minimum deposit and withdraw fees are not mentioned.
ETFinance
ETFinance
Suspicious Clone
Platform registered country and region
China
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support@etfinance.com
Company Summary
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