ETFinance-Overview of Minimum Deposit, Leverage, Spreads
Abstract：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.
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 and Cons
| 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 |
Is ETFinance Legit?
| 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.
What Can I Trade on ETFinance?
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Soft Commodities | ✔ |
| Metals | ✔ |
| Energies | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptos | ❌ |
Account Type
ETFinance offers four account types: Bronze, Silver, Gold and Platinum. Islamic accounts are also provided.
Leverage
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.
Spreads and Commissions
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 |
Fees
ETFinance has substantial inactivity fees of up to €500 per month.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop, Web, Mobile | Beginners |
| Webtrader | ✔ | Web | / |
| Mobiletrader | ✔ | Mobile | / |
Deposit and Withdrawal
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.
Read more
RM5.9M Lost to "Davidson Kempner Capital Management" Facebook Scam
A private contractor in Malaysia faced a devastating loss of over RM5.9 million after falling victim to a fraudulent investment scheme promoted on Facebook. Tempted by the scheme’s impressive claims and credentials, the victim began investing in September 2024. The investment process required him to download an application called A-Trade, which was readily available on the Apple Store.
This Economic Indicator Sparks Speculation of a Japan Rate Hike!
The latest data shows that Japan’s base wages in November rose by 2.7% year-on-year, marking the largest increase in 32 years, fueling speculation about a potential BOJ rate hike, but Governor Kazuo Ueda’s dovish remarks in December have shifted market expectations toward a potential delay in policy adjustments.
Challenge Yourself: Transform from Novice to Expert
From a forex novice to a trading expert, all it takes is this one opportunity! Join us for the Forex Beginner's Advancement Journey challenge and unlock your potential! Here, if you're a beginner, participating in the event and posting on selected topics will not only deepen your understanding of forex basics and help you advance but also earn you a Learning Encouragement Award. For those with some experience in forex, discussing insights under the event topics will allow you to exchange experiences and share techniques with like-minded peers, while also having the chance to win a Perspective Sharing Award! Come challenge yourself and break through the limits of forex trading together!
Big News! UK 30-Year Bond Yields Soar to 25-Year High!
Following the successful auction of 30-year government bonds by the UK, the yield on 30-year bonds surged, reaching its highest level in 25 years. This increase reflects growing concerns in the market over the government's fiscal policies and large-scale debt issuance.
WikiFX Broker
Latest News
SQUARED FINANCIAL: Your Friend or Foe?
WikiFXBig News! UK 30-Year Bond Yields Soar to 25-Year High!
WikiFXACY Securities Integrates MetaTrader 5 to Enhnace Copy Trading Service
WikiFXSoegee Futures Review: Should You Trust This Broker?
WikiFXMalaysian Pilot Loses RM1.36 Million in UVKXE Investment App Scam
WikiFXIndonesia officially joins the BRICS countries
WikiFXAttention! Goldman Sachs Cuts Gold Target to $2910
WikiFXInflation Rebounds: ECB's Big Rate Cut Now Unlikely
WikiFXCarney \considering\ entering race to replace Canada\s Trudeau
WikiFXHigh-Potential Investments: Top 10 Stocks to Watch in 2025
WikiFXRate Calc
