ETFinance-Overview of Minimum Deposit, Leverage, Spreads

WikiFX | 2024-10-29 16:23

摘要：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
Customer Support	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.