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ETFX -

Score

1.59 /10
Danger

ETFX

New Zealand

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

New Zealand Financial Service Corporate Revoked

Suspicious Overrun

High potential risk

http://www.etfx.com/#

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Score

Regulatory Index0.00

Business Index7.58

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Warning: Low score, please stay away! 5
Previous Detection : 2025-01-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • New ZealandFSPR (license number: 549786) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

WikiFX Verification

ETFX · Company summary

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

ETFXReview Summary
Founded2003
Registered Country/RegionNew Zealand
RegulationFSPR/VFSC (Revoked)
Market InstrumentsForex currency pairs, Gold, Silver, CFDs, Crude oil
Demo Account✅
LeverageUp to 1:200
EUR/USD SpreadAverage 1.9 pips (Standard account)
Trading PlatformМetaТrader4
Min Deposit/
Customer SupportTel: 4001338228
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 historyUnavailable website
Demo accountsRegulatory issues
MT4 platformWide 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 TypeFinancial Service Corporate
Licensed Number549786
Regulatory Status Revoked
Regulated by Vanuatu Financial Services Commission (VFSC)
Licensed Institution ET SERVICES LIMITED
Licensed TypeRetail Forex License
Licensed Number40166

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.

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT4✔/Beginners
MT5❌/Experienced traders

Deposit and Withdrawal

ETFX only supports traders to deposit and withdraw funds to their investment accounts via UnionPay cards.

User Reviews

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User comment

3

Comments

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FX1077699044
more than one year
Mala plataforma. Al principio vi que el depósito inicial era de $500 y no invertí precipitadamente, luego vi esta mala información en wikifx... ¿por qué no arrestaron a estos estafadores?
Mala plataforma. Al principio vi que el depósito inicial era de $500 y no invertí precipitadamente, luego vi esta mala información en wikifx... ¿por qué no arrestaron a estos estafadores?
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2022-11-28 18:16
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FX1052007034
more than one year
Is there any other way to contact them? I can't access the website, no one answered my phone calls, and no one replied to my emails. I applied to add QQ, but also no one agreed to the application... **** it! Stole our money and got away with it.
Is there any other way to contact them? I can't access the website, no one answered my phone calls, and no one replied to my emails. I applied to add QQ, but also no one agreed to the application... **** it! Stole our money and got away with it.
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2022-11-27 15:25
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