ETFX -Some Important Points about This Broker

WikiFX | 2025-01-02 14:43

الملخص：ETFX was registered in New Zealand in 2003 and has regulatory issues. You can register a demo account, with a maximum leverage of up to 1:200 and average spread of 1.9 pips through the MT4 platform.

Note: ETFX's official website - https://www.etfx.com/# is currently inaccessible normally.

ETFXReview Summary
Founded	2003
Registered Country/Region	New Zealand
Regulation	FSPR/VFSC (Revoked)
Market Instruments	Forex currency pairs, Gold, Silver, CFDs, Crude oil
Demo Account	✅
Leverage	Up to 1:200
EUR/USD Spread	Average 1.9 pips (Standard account)
Trading Platform	МetaТrader4
Min Deposit	/
Customer Support	Tel: 4001338228
Customer Support	Email: service@etfx.com

ETFX was registered in New Zealand in 2003 and has regulatory issues. You can register a demo account, with a maximum leverage of up to 1:200 and average spread of 1.9 pips through the MT4 platform.

Pros and Cons

Pros	Cons
Long history	Unavailable website
Demo accounts	Regulatory issues
MT4 platform	Wide EUR/USD spreads
	Limited payment options

Is ETFX Legit?

No. ETFX currently has no valid regulations. It only holds two revoked regulatory licenses. Please be aware of the risk!

Regulatory Status	Revoked
Regulated by	Financial Service Providers Register (FSPR)
Licensed Institution	GOLDEN FINANCE LIMITED
Licensed Type	Financial Service Corporate
Licensed Number	549786

Regulatory Status	Revoked
Regulated by	Vanuatu Financial Services Commission (VFSC)
Licensed Institution	ET SERVICES LIMITED
Licensed Type	Retail Forex License
Licensed Number	40166

What Can I Trade on ETFX?

Tradable Instruments	Supported
Forex currency pairs	✔
Gold & Silver	✔
CFDs	✔
Crude oil	✔
Stocks	❌
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Leverage

ETFX offers leverage up to 1:200. Although lower leverage results in relatively lower returns, the risk is also reduced accordingly.

Spread

The average EUR/USD spread on ETFX for the Standard account is 1.9 pips, higher than the industry average, with most brokers offering EUR/USD spreads between 1.1 and 1.5 pips. We all know that high spreads mean higher trading costs.