ETFX -Some Important Points about This Broker

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

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

Is ETFX Legit?

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

What Can I Trade on ETFX?

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

Deposit and Withdrawal

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