ETFInance high-tech access to a range of instruments and mainstay on a popular MT4 platform suitable for day trading, auto trading, or your preferred strategy. Another point is education and support materials suitable for beginners, which is great. ETFinance was established as a brokerage firm with a goal to provide global traders a cutting-edge platform and allow the trading potential to grow. ETFinance was founded in 2016 while is registered financial investment firm under the laws of Cyprus, technically providing trading capabilities to EU clients and beyond. This platform gives traders access to all of ETFinance’s assets and opportunities and comprehensive research tools that provide them market control. In addition, it offers a fantastic user interface that allows traders to track various assets.
- Obviously, these costs are depending on the account type you use, as well as what trading size you operate.
- There are no commissions on any trades that are made at ETFinance – this is one of the choices that they made as a new company to set them apart from the majority of the competition.
- Numerous indicators and analysis tools are also quite easy to set and customize, in addition to a variety of “looks” and adjustment features.
- Starting with the Silver, then the Gold, and finally the Platinum level account.
Many of the options, menus, and functions available to users are clearly laid out and easy to understand. This is the part of our analysis where we felt that the firm excelled above many others in the sector. Trading CFDs allows you to buy or sell the underlying assets without having to actually own the assets such as a stock or an index. The broker began operating in 2019 and is already regulated by the highly regarded Cyprus Securities and Exchange Commission (CySEC) within their home country of Cyprus and across Europe. ETFinance is a relatively new name in the industry although they are backed by the established Magnum FX, which is headquartered in Cyprus.
ETFinance Review: One Stop Trading Platform
Scouring the internet, it appears that the minimum deposit is either $200 or $250 as different sources offer different amounts as a minimum. There are no commissions charged on any of the accounts with ETFinance, at least not according to the website, each account uses a spread based system that we will look into later on in this review. It’s licensed by a reliable regulator (CySEC) and has been operating for over two years.
This is the perfect combination to satisfy your trading needs at every level, with more benefits being unlocked as you progress avatrade review through the account levels, particularly in relation to the spreads available. One of the first things you notice when you enter the ETFinance website is that they include a legal section at the top of their page. This is especially nice to see when carrying out ETFinance stock trading, because it shows that they have nothing to hide in terms of the regulations. This covers the General Data Protection Regulations that they must adhere to.
Commodities
Its exceptional interface enables traders to monitor different assets and trends. It can perform fundamental analysis and make an informed decision that helps fulfill a profitable potential. You can view real-time prices conveniently, check your list of tradable assets without ease, analyze graphs and charts professionally, and execute trades with a one-click function. ETFinance was founded in 2018 with an aim to help ambitious people around the world to be able to trade at the best of their potential. This broker believes that the world is an ever-changing financial world, and people should realize their financial potential. The company offers its investors a unique trading experience that they can be able to build their own financial future.
One huge benefit of trading with ETFinance is that there is no limit to the number of orders that you can make, neither for pending and market orders nor a combined limit. Our review team found it challenging to classify the execution strategy of ETFinance as the broker does not explicitly state it anywhere. Based on the broker’s policies as well as analysis from other experts, ETFinance is best classified as a market maker. We have summarized the broker’s Order Execution Policy PDF for you. As the most popular forex and CFD platform in the world, we are glad to see MetaTrader 4 available for ETFinance clients. MetaTrader 4 is available to download on desktop, tablet, or mobile, allowing you to trade on whichever device you feel most comfortable with.
Non-trading fees
ETFinance offers its traders the ability to choose from over 750 assets. You can trade CFDs assets, like forex, stocks, indices, commodities, crypto pairs, currency pairs, and ETFs. ETFinance promotes fast execution of trades and convenience through its platforms.
- This comes into effect when a trader uses the WebTrader platform after signing up.
- ETFinance allows customers to trade CFDs on a variety of trading instruments including Forex, stocks and stocks, products, indices and cryptocurrencies.
- If speed is your main priority when withdrawing money from your broker account, then choosing one of the e-wallet options would be your best choice.
- ETFinance will give you a chance to use one of the three accounts that include a demo account, a standard account, and an Islamic account.
Regulation and Deposit Protection
Although the broker is relatively young in comparison to other brokers, it has also shown that it has the ability to withstand market instability. Each of these courses features a set of educational videos within the given category. Impressively, there is little to no overlap with these videos and those in the Video on Demand section of ETFinance. This oanda review shows that ETFinance put a great deal of effort into its educational content. Before going live, we recommend practicing your trading strategy and improving your trading abilities. ETFinance is also available on various social media platforms such as – Facebook, Instagram, Twitter, and Youtube.
On the outside, it appears that ETFinance offers quite a lot when it comes to education. They offer some webinars and it seems like they have one every few days, plenty of ended events and it does not appear that you can rewatch the ones that have already been which is a shame. There is also an earnings calendar which is based around the earnings reported by a lot of companies, not really beneficial unless you are a stock trader. Articles are the next section which as well, articles about various different aspects of trading and about different things that may affect your trading. Online ETFinance reviews show the trading company has an active customer support department. The team replies to queries and complaints through all its contact channels.
There is also a well-provisioned FAQ area on the website, from which you can get answers to alpari review many popular questions that you may have, often without having to contact the customer service team. When you do click and follow the sub-menus, you are directed to your intended destination without delay. The fast loading speeds coupled with the detailed consideration for the end-users is uncommon and that was truly appreciated by our team. Their dedication and commitment to providing a commission-free environment for traders is noticeable and quite rare in the industry, which is a huge win for you as a trader. ETFinance was founded in 2018 and is a European online broker, managed by Magnum FX (Cyprus) Ltd – a large investment company in Cyprus.
ETFinance offers a variety of education resources for both beginner and seasoned traders. Users are also able to set price alerts and notifications for executed orders, margin calls, or important news events. With ETFinance, there is the opportunity for certain experienced users to upgrade to a pro trading account. Our ETFinance review team discovered that the broker offers three distinct live trading account types.
They can also communicate via email at • or via a live chat option available on the right side of the website. ETFinance is also authorized to provide trading services all across the European Economic Area (EEA). However, WebTrader is a web-based interface that offers easy access as compared to the downloadable MT4.
After clicking, follow the steps involved including application, EKYC, and funding to get your account opened. ETFinance also has a provision of opening accounts with Islamic-friendly conditions upon request. ETFinance involves an inactivity fee of €160 for accounts kept dormant for a month. ETFinance is a forex and cryptocurrency broker based in Cyprus. This is a good broker, for 5 months I practically had no problems. Otherwise, everything is fine, and during quarantine Etfinance became a good additional source of profit.
Opening an account with ETFinance
However, customer service works on week days only from Monday to Friday and from 7 to 19 GMT. A higher grade account will require more money, as designed for traders with experience. Since ETFinance is regulated broker money management is strictly aligned to regulatory requirements and follows safety procedures. Therefore, if you doubt of any procedures do not hesitate to verify them with customer support and then follow the process. ETFinance spread is quite pleasant and considered to be on low and average levels even on a Silver Account.
