Summary

Clients registering with ETFinance will have access to Metal CFDs, including Gold and Silver as well as contracts-for-difference on oil and other commodities in financial markets while also receiving a 0% fee on commissions and 24/7 access to financial markets.

There are 250+ Digital Assets available through the Stocks, Commodities, Indices, Cryptocurrency Pairings and Forex Trades offered by ETFinance.

While each platform operates well, it is recommended that desktop trading is preferred as it allows for multiple executions and contracts to be simultaneously active while the ETFinance mobile platform only supports singular trades under its architecture design.

While an expectation that most trading sites will be updated on all recent legislation, it is each traders responsibility to ensure they are informed, thus, access to ETFinances legal requirements assists traders in making comprehensive analytical decisions.

This is somewhat disparaging for some as those new to trading will only have access to the support team for a 10 hour block of time per day while Gold and Platinum account members have 24/7 access to support.

etfinance review

Broker Information

User Rating
Leverage 500:1
Instruments 750
Platforms
Account Types Demo Account, Low Value or Micro Account, Standard Accounts,
Account Currency U, G, E,
Commissions Variable Spreads
Founded 2016
Customer Support Single Language Phone Support, Single Language Live Chat, Single Language Email Support,
Min Funding $250
Regulation
Funding Methods

    Introduction

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    ETFinance is a Cyprus-established online exchange that provides Forex Currency Pairings, Contracts-for-Difference, Stocks, Commodities, Indices, ETFs and Futures to traders. First established in 2016, this brand became operational in 2018 within the European Union, a move that saw growth relating to their unique products and regulation from CySEC. Clients registering with ETFinance will have access to Metal CFDs, including Gold and Silver as well as contracts-for-difference on oil and other commodities in financial markets while also receiving a 0% fee on commissions and 24/7 access to financial markets.

    There are 250+ Digital Assets available through the Stocks, Commodities, Indices, Cryptocurrency Pairings and Forex Trades offered by ETFinance. These financial products are managed through the WebTrader and MT4 Platforms, which are compatible for any desktop or mobile handset as well as being supported for Android and iOS devices which use the most recent operating system enhancements. While each platform operates well, it is recommended that desktop trading is preferred as it allows for multiple executions and contracts to be simultaneously active while the ET Finance mobile platform only supports singular trades under its architecture design.

    The MT4 – ETFinance Platform supports multiple financial instruments, analytic devices, assistant tools and technical indicators. These beneficial services extend to educational platforms, allowing clients to better inform themselves on what’s required to earn higher profits on contracted trades. Those educational services include Webinars, E-Books, Tutorials, Courses and an Earnings Calendar.

    ETFinance furthermore lists all related legal requirements, including the rules & regulations that govern their respective operation. While an expectation that most trading sites will be updated on all recent legislation, it is each trader’s responsibility to ensure they are informed, thus, access to ET Finance’s legal requirements assists traders in making comprehensive analytical decisions. This trait has helped make ET Finance a popular exchange in two years.

    ETFinance Platform Options

    Account types

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    There are four account types offered with these including Silver, Gold, Platinum and Islamic.

    All newly registered traders are awarded the silver account, one that allows for 750 assets to be acquired and a maximum leverage of 1:30. Gold and Silver accounts provide increased maximum leverage to 1:500 and include additional benefits such as dedicated account managers, free webinars, hedging, swap discounts and Free VPNs. It should be noted that for Islamic traders, all accounts will operate under specialized conditions for religious and jurisdictional purposes.

    Leverage

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    Leveraging is an important factor in the daily lives of traders with ET Finance. The minimal leverage provided is 1:30, which can grow over a prolonged period to the maximum of 1:400 or 1:500. Associated accounts limit the provided leverage, with Gold and Silver accounts supporting the highest volumes. There are not any listed limitations on the trading sizes of Contracts, meaning more than $1,000.00 can be leveraged.

    Trading Cost

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    There are minimal costs associated with trading through ET Finance. The 0% Fee on Commissions means that payments are dependent on the contract selected. There are monthly charges applied to accounts that vary from $0.05 to $10.00 per month.

    Assets Index

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    The assets index features 250+ financial instruments with these spread between Cryptocurrency Pairings, Stocks, Commodities, Forex and Indices. The index includes 30 pairings and consists of 20+ Indices and 150+ stocks.

    Forex

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    Those engaging with the Forex Market will be pleasantly surprised by the options available. Standard options like the Euro versus USD are available. However, it’s the unique forex pairings that become promising. ET Finance recommends Forex like the Euro Vs Singapore Dollar, Euro Vs South African Rand or the USD Vs Mexican Peso. We recommend our readers focus towards forex trading during peak periods of volatility. It ensures that forex spreads are increased promptly.

    Deposits

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    ET Finance promises their clients a secure and safe payments service. Available methods for depositing include Visa, MasterCard, Maestro and Skrill. The minimum deposit per transaction is $250.00. Currently, ET Finance does not offer direct bank transfers as a depositing method.

    Withdraws

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    An essential part of any online exchange is the provision to withdraw from your accounts. Resultant on this, ET Finance processes withdrawals via MasterCard, Visa, Maestro, and Skrill. Withdrawal times are in part dependant on the chosen method and can range from 1-5 days.

    Security

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    ET Finance is regulated by the CySEC Commission, a measure that means that multiple protocols must be implemented to ensure the safety of clientele. There are two in place, 551-SSL Encryption and Proxy Firewalls. The encryption software provides that two-factor authentication will be in place for all withdrawals to protect clients, while firewalls protect informative data on clients and their respective financial services.

    Education

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    An integral aspect with ET Finance is their development towards educating clientele. This has resulted in the creation of eight services to provide additional knowledge for trading purposes. These include e-books, trading courses, tutorials and webinars with relevant and up to date information relating to earnings and economic calendars that can teach clients about future products set for release and how they relate to investing purposes.

    Bonuses

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    It’s been a prolonged period since deposit bonuses were regularly offered within the blockchain & cryptocurrency industries. As a result, newly registered ET Finance traders will not receive promotional benefits upfront. However, those who have Gold or Platinum accounts will receive specialized promotions without the official title of it being a “Bonus”.

    Accepted Nations

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    ET Finance doesn’t specify which countries that they’re operational within however does state that it focuses primarily towards the European Union. The overwhelming majority of assets provided are based around this market space. Additionally, as ET Finance is r CySEC regulated, it provides them clearance throughout the European Union but not North America or the Asian Territories.

    Support

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    ET Finance provides a fully functional support team that is available to the client at different times, depending on their account type. This is somewhat disparaging for some as those new to trading will only have access to the support team for a 10 hour block of time per day while Gold and Platinum account members have 24/7 access to support. The options for contacting support include email and live chat as well as help section that offers answers to a variety of commonly asked questions. Additionally, support is offered in English and Arabic, French, Norwegian, Spanish and Italian.

    Mobile App

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    ET Finance provides access to a mobile app upon registering of an account. The app is designed to allow traders access to all platforms and is only available directly through the ET Finance site, not via the Google Play Store or Apple Market in North America. It should be mentioned that consumers receive the same collection of products and assets via the mobile platform, with one product or asset accessible at a time.

    Possible Scam

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    When looking through reviews on ET Finance amongst their clientele, an overwhelming number have expressed that it’s a scam exchange and should be blacklisted. Their regulatory approval claim of “CySEC #359/1” is owned by Magnum FX Ltd. Those that have deposited with this exchange express that representatives and contact managers manipulate clients into investing their savings.
    One individual that trades with ET Finance claimed that €21,000.00 was stolen as a result of
    falsified recommendations, while it was reported that ET Finance paid €12,000.00 of that amount, it refused to contact this client going forward. There are various reviews listed online, with some being positive and others being negative, and therefore it is recommended that caution be taken.

    Conclusion

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    ET Finance has been operational for two years, quickly adding the number of products and assets it makes available to traders. This has seen the company grow as a brand in the European Union, with their respective reputation varying depending on who’s asked. Regardless of the clients or analysts’ thoughts on this exchange, they’ve stood out from the pack with their unique trading tools and financial resources.

    The result has seen it become a competitive exchange with the zero-fee implementation, which is
    extended by its customer support and options for accessibility. Those wanting to register with ET Finance are met with risk management services that are extraordinary and zero commission fees, which extend to commission rates being minimal. There are financial analysts that speculate ET Finance will one day rival operators like Binance or EagleFX. That’ll be dependent on the conditional experience’s traders have with ET Finance. No exchange is privy from losing their licenses with the governing authority.

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% 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. Please read full Risk Disclosure Statement.