ETFinance Guide – Read our In-Depth ETFinance Review
This ETFinance review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this ETFinance review does not apply to US users.
If you are a new entrant in the world of trading and broker, so many details will be perplexing for you. Getting into the area of trading requires expert assessing skills and comprehensive understanding. You will acquire adept at all the concepts of brokerage since you keep trading. For starters, you have to select the ideal broker who'll be transparent with you always.
In this fast-paced universe of stock markets and trading, you will need guidance to make correct decisions. A professionally lead investment plan will create hefty returns. ETFinance is one such platform that will take you along with your investment into great heights. It's crucial that you understand about ETFinance before you trust them with your money.
Our full ETFinance Review covers all you need to learn about trading with ETFinance. A fantastic broker can multiply your first investments and give you favorable profits. If you would like to make profits, you should trade with a brokerage service that aligns with your investment objectives.
There is no sure-fire method to guarantee profits; thus, you should carefully analyze your agent before you select them. It's a frequent misconception that all agents will be the same, but that is not correct. Wrong judgment, in the beginning, can set your investments at risk.
ETFinance is a broker which has found its way successfully to the brokerage world. Within this review, we have tried to collate a number of the important aspects of ETFinance. This review will allow you to know whether ETFinance is a fantastic match for your own investments or not. We have tried to breakdown all the qualities and charges for your advantage.
ETFinance Review, Table Of Contents
- Who are ETFinance?
- Benefits Of Trading With ETFinance
- Everything you should know about trading with ETFinance
- Is ETFinance Safe To Trade With?
- Pro's & Con's Of Trading With ETFinance?
- Compare Brokers Similar To ETFinance
- Regulation And Licencing In More Detail
- ETFinance Awards
- Minimum Deposit Required For A Live Account With ETFinance
- ETFinance Commission And Fees Explained
- Compare broker fees against ETFinance
- ETFinance Withdrawal Fees Explained
- ETFinance Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With ETFinance?
- Alternatives To ETFinance
- Frequently Asked Questions About ETFinance
Who are ETFinance?
ETFinance is a foreign exchange broker headquartered in Cyprus and provides a range of tools for online trading. Since its start in 2018, ETFinance has emerged as a top-tier player in the industry of online brokerage. ETFinance includes a highly competitive and full-featured trading website that's focused on currency, indices, metals, stocks and commodities.
Over the past 3 years, ETFinance has grown into one of the leading online brokers.
After launching in 2018, their consumer base is becoming as big as 10,000+ clients.
ETFinance is the favorite for many dealers.. Our ETFinance review found that they are an excellent choice for automated trading solutions. They're best suited for investors who are searching for a variety of assets. Social and automated trading solutions are the core at ETFinance.
Technology plays a significant role at ETFinance. ETFinance offers trading on MT4,iOS,MacBook,iPhone. ETFinance is honest, transparent, and a well-regulated agent by the Cyprus Securities and Exchange Commission (CySEC). Their outstanding variety of tools will be beneficial for the majority of traders. Third-party partnerships also provide in-house analysis.
The trader resource section at ETFinance is quite insightful for new traders as it permits them to get a closer look in the financial markets. ETFinance caters to all types of traders and are a must-have broker for almost any well-diversified approach to online trading.
If you feel that ETFinance is not right for you then at the bottom of this ETFinance review you wil find a lot of alternatives to ETFinance.
Everything you should know about trading with ETFinance
ETFinance is a lively platform that provides various methods of online trading. These tools cover the monetary markets considerably. Most of the brokerage platforms offer fewer procedures than ETFinance
If you would like to trade with ETFinance, you will need a minimum deposit of $215. This deposit is required if you would like to start trading with ETFinance. This 2021 ETFinance review will guide you easily about trading with them.
ETFinance is as versatile as another broker platform. ETFinance is excellent for traders that want a manageable range of cheap services. The programs supplied by ETFinance are third party, white-label offerings. All traders can pick from MT4,iOS,MacBook,iPhone.
Together with everything, ETFinance has multiple benefits to new and verteran traders and should be investigated. There's no minimum time over which a trade must be kept available. The brokers offer premium customer service that rewards customers with advantages.
Many unethical brokers try to pressurise users into larger financing for premium services. ETFinance, on the other hand, is more focused on trading volume. Traders can expect trading conditions to be just, honest and transparent. The more lots traded by the consumer, the further benefits will become available.
ETFinance accounts are available all over the world and provides quality service wherever they have clients. There are a few countries where ETFinance accounts are not available. Traders in the following countries cannot open or use a ETFinance account:
Is ETFinance Safe To Trade With?
Launched in 2018, ETFinance has been operating for 3 years, they are headquarted in Cyprus.
ETFinance is regulated by Cyprus Securities and Exchange Commission (CySEC). These figures have rules that mandate that trading platforms have measures in place to keep investor's assets secured. This means that ETFinance users don't need to be worried about their money since it's segregated and safely stored in banks that are established. SSL encryption simplifies each user's private information as well.
You can make use of an option for 2 Factor Authentications (2FA) with ETFinance for heightened security. An SMS with the confirmation code will be sent to your mobile phone. You will be asked to input this code to log in to your account.
Another concern with fiscal brokers is in regards to safety might be manipulation of trading. This is highly disadvantageous to consumers on these platforms. Nonetheless, this is more prevalent in the example of Market Maker agents who compete with users on the platform.
Pro's & Con's Of Trading With ETFinance
Every online trading platform has some ups and downs, and no ETFinance review would be complete without showing both sides. This ETFinance review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
- ETFinance is trusted by 10,000+ clients
- ETFinance doesn't charge withdrawal fees
- ETFinance doesn't charge inactivity fees
- ETFinance doesn't charge deposit fees
- ETFinance doesn't charge CFD fees
- ETFinance offer trading on MT4,iOS,MacBook,iPhone
- ETFinance offer 150 trading instruments
- ETFinance trades major forex pairs
- ETFinance trades minor forex pairs
- ETFinance trades exotic forex pairs
- ETFinance offers trading on cryptocurrencies
- ETFinance can communicate in
- ETFinance does not offer Negative Balance Protection
- ETFinance does not offer Guaranteed Stop Loss
ETFinance Review - Compare Brokers Similar To ETFinance
|ETFinance||BOQ Trading||Evolution Brokers||Afluenta Peru Sac|
|Regulated By||Cyprus Securities and Exchange Commission (CySEC)||Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)||Cyprus Securities and Exchange Commission (CySEC)||Financial Conduct Authority (FCA)|
|Find Out More|
|Risk Warning||Trading leverage products may not be suitable for all traders. 71% of retail CFD accounts lose money.||Your capital is at risk||Your capital is at risk||Your capital is at risk|
ETFinance Review - Regulation And Licencing In More Detail
ETFinance is regulated by Cyprus Securities and Exchange Commission (CySEC).
ETFinance, as a company, has a powerful collection of rules for ensuring fair trading on its platform. For data encryption functions, it provides an industry-standard secure socket layer (SSL).
In accordance with the organization's privacy regulations, customer information is to not be shared with any other institutions or individuals. Including credit history and other financial details.
ETFinance Review - Awards
- At the time of writing this ETFinance review, they had not received any awards.
ETFinance Review - Minimum Deposit Required
The minimum deposit that you must deposit to get started on ETFinance is $215. This is an adequate amount for those just beginning. It's possible to create more complex residue as you go along. However, make certain you know how to make the most of your money before investing in larger sums.
ETFinance Review - Commission And Fees Explained
ETFinance is an online brokerage platform, and many online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled better. That is, an online broker isn't necessarily affected by the number of clients they have.
However, this doesn't mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to earn money. There are mainly 3 types of fees for this purpose.
The first kind of fees to keep an eye out for are trading charges. Whenever you make an actual trade, like purchasing a stock or an ETF, you're charged trading charges. In these cases, you are spending a spread, funding rate, or even a commission. The sorts of trading fees and the rates differ from broker to broker.
Commissions can be fixed or determined by the traded volume. On the other hand, a spread denotes the difference between the buying and selling price. Financing or overnight rates are people who are charged when you hold a leveraged position for longer than daily.
Aside from trading fees, online brokers also bill non-trading fees. These are determined by the activities you undertake in your account. They are billed for surgeries like depositing cash, not trading for lengthy periods, or withdrawals.
Generally, ETFinance does not charge high fees compared to other online agents. For operations other brokers fee for, they either do not charge a broker fee, or they charge a lesser amount. This can be beneficial for people who often exchange, such as weekly or daily trading.
But, non-trading fees charged by ETFinance are comparatively higher. As a result, you're charged more for non-trading actions in your trading account, like deposits and withdrawal. These are not about the purchase and sale of assets.
This ETFinance review breaks down each of the relevant non-trading charges for you in detail.
Compare broker fees against ETFinance
|ETFinance||BOQ Trading||Evolution Brokers||Afluenta Peru Sac|
ETFinance Review - Withdrawal Fees ExplainedETFinance doesn't charge withdrawal fees
Withdrawal of money is possible at any moment from your ETFinance account. It's possible to withdraw sums up to the amount of your account balance, keeping aside the perimeter used. 1 thing to keep in mind is that you don't necessarily have to have any money in your accounts.
Moreover, the withdrawn money will be moved directly to the accounts you use to make deposits. Therefore, if you used a credit card for deposits, the withdrawn money will be sent to the card. ETFinance will ask you to provide other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In case you are withdrawing money in different currencies from USD, a conversion fee is also important. The conversion fee will depend on the currency you're opting to withdraw in.
ETFinance Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of those buzzing questions which run through your head while open an account with ETFinance. An inactivity fee is an amount charged to registered dealers who haven't participated in buying or selling for a while. The period considered inactive is decided by the broker.
The inactivity fee also differs from one agent to another and is not generalized. If a dealers account does not have a buying or selling transaction, it is maintained by the agent as an inactivity fee. The traders need to pay this fee under terms and conditions that they had consented while enrolling.
ETFinance doesn't charge inactivity fees so you are free to utilize your account as needed
Even if no fees are implied by ETFinance, it is best for you to close the account if you're inactive. Inactivity fees are not just charged by brokerage companies but also many financial services.
For additional trading platforms, the inactivity fee depends upon the type of account you've chosen. The inactivity fee is exposed to a lot of circumstances and needs to be disclosed clearly by the broker beforehand.
ETFinance Review - Deposit Fees Explained
When you transfer money in your trading account from your bank account, a deposit fee can be charged by the broker. Most agents do not charge too much money for this operation.
ETFinance doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash on the ETFinance trading platform is simple. You simply have to complete a single-user profile questionnaire to start depositing money into your trading account. You will need to provide an identity proof and proof of residency to deposit substantial sums.
ETFinance Review - Compare Broker Deposit Methods
|ETFinance||BOQ Trading||Evolution Brokers||Afluenta Peru Sac|
What Can You trade With ETFinance?
Note: ETFinance offers a lot of different trading instruments due to regulatory restrictions in a few countries. Trading instruments offered can be different depending on the country of residence of the client.
ETFinance has a wide variety of over 150 instruments available for you to trade with.
If trading currency pairs is of interest to you then ETFinance offer over 50 forex pairs.
Compare ETFinance, BOQ Trading, Evolution Brokers & Afluenta Peru Sac below.
Alternatives To ETFinance
If, after reading this ETFinance review, ETFinance does not quite fulfill your needs check out these ETFinance alternatives.
We've scoured the internet to find the best alternatives to ETFinance. Click the links below to learn more.
Frequently Asked Questions about ETFinance
Can I try ETFinance before I buy?
Yes, you can most definitely try ETFinance before you buy. ETFinance offers demo accounts for the ease of new traders. You may use this feature to build your faith in the system and yourself and your trading strategies.
If you sign up to get a demonstration account on ETFinance, you may set out with a decent amount of virtual currency. It is to establish a feeling of safety and confidence in you until you choose to spend your own money.
With this digital ETFinancedemo account, you can experiment at all, to whatever length you desire. You can even open positions, test different trading approaches, and more.
ETFinance specifies on its official website that you are able to exchange real time stocks with your demo account.
Is ETFinance safe?
You can drop all your worries since we believe that ETFinance is perfectly safe to use. It's in compliance with all the principles of Cyprus Securities and Exchange Commission (CySEC).
Nevertheless, ETFinance does not provide assured stop-loss protection.
Why does ETFinance ask for my passport?
The reason that ETFinance asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, ETFinance has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, ETFinance must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with ETFinance?
The process to start trading withETFinance is perhaps simple enough to be a cakewalk. You need to begin by signing up on the ETFinance website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with ETFinance is $215. You should have a good hold over the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with ETFinance.
The best way to kickstart your trading career with ETFinance is to open a demo account facility before risking any real money
What funding methods do ETFinance accept?
There are a number of ways to fund your account with ETFinance. The process is effortless and quick, with various payment methods in your fingertips.
You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing funds. You must keep in mind that PayPal is not available in every place. The monies ETFinance
Is my money safe with ETFinance?
Yes, your money is safe and protected with ETFinance. As you already know, ETFinance operates with good conformation to. It has established plenty of steps to protect all of its own investors.
ETFinance protects its clients' personal and sensitive information under SSL encryption. Your funds will be retained highly secure in top-tier banks.
If you wish to further protect your accounts, it is possible to enable Two-Step Verification also. It requires an SMS confirmation that you access your account.
Is ETFinance trading good?
Yes, trading via ETFinance is a nice and decent experience indeed. It is an excellent and intuitive platform with helpful features for your ease. Moreover, you can even obtain access to a vast selection of educational tools and assistive substance to kickstart your trading experience.
If you are still skeptical, it is possible to open a eToro demo account and evaluate the trustworthiness of the platform for yourself.
Which Countries does ETFinance support?
ETFinance operates across the globe. However, due to regulations there are some countries that ETFinance can't accept clients from
Is ETFinance legit?
ETFinance is a legit company headquarted in Cyprus since 2018. They are regulated by Cyprus Securities and Exchange Commission (CySEC). ETFinance is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is ETFinance a good broker?
ETFinance is a great broker, and its own users can vouch for this. The highlight of this platform is its fast order execution on transactions.
You'll find the clean design of this platform along with the admirable features that a pleasure to work with.
Is ETFinance a trustworthy broker?
Yes, ETFinance is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for ETFinance?
The minimum deposit to open a live account with ETFinance is $215
How long do ETFinance withdrawals take?
Normally, withdrawal of money from ETFinance is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from ETFinance to show in your bank account.
Are ETFinance regulated?
ETFinance are regulated by Cyprus Securities and Exchange Commission (CySEC)
Is ETFinance a market leading broker?
ETFinance is indisputably one of the industry leaders. It has over 10,000+ registered customers and over 3 years of experience on its record. They are one of the world's leading trading platforms and a prominent figure in the Fintech revolution.
It majorly owes this status to its unbelievable platform and wide range of tools plus resources so that you can invest in capital markets.
Is ETFinance a con?
No, ETFinance is not a con. They are regulated by Cyprus Securities and Exchange Commission (CySEC) and must adhere to their rules. Thus, it is safe to say that ETFinance is not a scam.
Can you make money with ETFinance?
Using ETFinance, several traders make a great deal of money. However, on average, through consistent trading, you also can make between 2% - 10% profit a month.
This can look to be a small number, but over the year, this adds to a substantial amount of gains. Even though ETFinance supply you all the tools to make money, they cannot guarantee you will gain.
Does ETFinance have fees?
Yes. To start trading with ETFinance, you have to deposit $215. Particular commissions while trading also apply. Any processing fees from your bank will have to be incurred by you.
When was ETFinance founded?
ETFinance was founded in 2018 in Cyprus. ETFinance is regulated by Cyprus Securities and Exchange Commission (CySEC).
How many people use ETFinance?
ETFinance is a globally recognised broker with 10,000+ customers.
Where is the ETFinance head office?
ETFinance has its head office in Cyprus
Does ETFinance offer negative balance protection?
No. ETFinance doesn't offer negative balance protection. If your balance is negative, ETFinance suggests that you promptly contact client services. With this, you are able to fix any imbalances within your own account.
Does ETFinance offer guaranteed stop loss?ETFinance regrettably, doesn't provide guaranteed stop loss. ETFinance provides an opportunity to its dealers to close their trades at their specified price. Apart from this, ETFinance doesn't provide guaranteed stop loss.
Does ETFinance allow scalping?Yes, ETFinance do permit scalping. Many traders across the world choose ETFinance due to their services that are trading. They offer trading on MT4,iOS,MacBook,iPhone which allow this.
Does ETFinance allow hedging?
Yes, ETFinance does allow hedging.
Can you trade energies with ETFinance?
Yes, you can trade energy stocks with ETFinance
Can you trade agricultural shares with ETFinance?
Yes, you can trade agricultural stocks with ETFinance
Can you trade cryptocurrency with ETFinance?
Yes, you can trade cryptocurrency with ETFinance
Can you trade metals with ETFinance?
Yes, you can trade metals with ETFinance
Can you trade UK Shares with ETFinance?
Yes, you can trade UK shares with ETFinance
Can you trade US Shares with ETFinance?
Yes, you can trade US shares with ETFinance
Can you trade Japanese Shares with ETFinance?
Yes, you can trade Japanese shares with ETFinance
Can you trade German Shares with ETFinance?
Yes, you can trade German shares with ETFinance
Does ETFinance accept bank transfers?
No, ETFinance does not accept bank transfers.
Does ETFinance accept credit cards?
No, ETFinance does not accept credit cards.
Does ETFinance accept PayPal?
No, ETFinance does not accept PayPal.
Does ETFinance accept Skrill?
No, ETFinance does not accept Skrill.
Does ETFinance accept Payoneer?
No, ETFinance does not accept Payoneer.
Does ETFinance accept Neteller?
No, ETFinance does not accept Neteller.
Does ETFinance offer Live Chat customer support?
No, ETFinance does not offer customer support through live chat.
Does ETFinance offer phone customer support?
No, ETFinance does not offer customer support over the telephone.
Does ETFinance offer email customer support?
No, ETFinance does not offer customer support through email.
What languages can ETFinance communicate in?
ETFinance has the ability to communicate and support customers who speak:
Does ETFinance have a wikipedia page?
No, ETFinance does not have an official wikipedia page.
Does ETFinance offer demo accounts?
Yes, ETFinance offers demo accounts so you can learn their systems before risking any real money.