Our ETFinance review team found that with this broker, you can choose from three tiered account types, along with the option of a professional account. Each of these accounts is designed for different levels of traders, so we’re sure you’ll find something that suits your needs. Below, you can find all of the relevant information to help you choose the right account for your needs, based on your preferred leverage and additional features. ETFinance is a Cyprus-based forex and cryptocurrency broker, providing safe trading services to EU clients. This review of ETFinance delves into the pros and cons of opening a trading account, from platforms and mobile apps to demo accounts and customer support. The broker offers several features for inexperienced and professional traders.
ETFinance: Broker Review and Trader Opinions 2024
A great educational hub, a variety of tradable assets, solid customer support, and advanced trading tools. ETFinance offers a firm foundation and cutting-edge platform that will surely bring out the best in each and every trader. This broker aims to become the choice of aspiring individuals as a go-to platform that they can use to place their investment capital efficiently and intelligently. ETFinance enables its clients to choose from a number of assets to trade on.
The user interface of WebTrader is clear, with simple menu and navigation options. Our ETFinance review team appreciates that ET Finance does not charge commission fees, as this makes it significantly easier for beginner traders to calculate potential profits. Managed by Magnum FX Ltd., an investment firm based in Cyprus, ETFinance was created in 2016. The broker provides crypto and forex trading services to clients throughout Europe, though not Belgium.
ETFinance trading platforms
You can trade using English, Dutch, Italian, Portuguese, Spanish or German languages. You can also acquire customer support in your native language for your convenience. Every trader expects to find an MT4 platform on a modern trading website.
ETFinance.eu Review: Bonus, Platform, Withdrawals and More
This means that even without many offers, ETFinance still come out ahead of lots of other brokers. They also offer some small extras that make them more appealing to customers. However, they do offer the usual range of service options to their customers. This includes both a live chat and phone-based customer service option for instant solving of problems. If your next question happens to be, is ETFinance good, they answer this by offering traders the ability to trade in commodities and indices.
Traders get access to hundreds of CFDs when trading with ETFinance across a wide range of assets classes. There are CFDs on stocks, metals, commodities, cryptos, indices, and ETFs among others, which you can easily trade. The website offers over 200 examining materials, like Videos on demand, eBooks, articles, and courses. Both newcomers and experienced traders would discover helpful data to develop their skills.
ETFinance also does not charge deposit or withdrawal fees when using the majority of accepted payment methods. There are potentially steep inactivity fees, but these should not be a problem for most traders. ETFinance offers a wide range of financial instruments and tight spreads.
ETFinance charges 0% trading fees, so you can trade any of these markets conveniently without worrying about charges. They are regulated by the CySEC, which is a respected regulator of forex brokers and CFD providers within the EU and globally. The regulator provides a solid and trusted framework that ensures your protection as a trader always is always the first priority. The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds.
ETFinance Customer Support
Starting with the Silver, then the Gold, and finally the Platinum level account. There are no additional commissions charged on the stock CFD trades, except for the very competitive spreads offered by the firm. Traders based outside the US have access to a wide range of US stocks such as Facebook and Google, which they fbs broker review can easily trade as CFDs. We found that the transparent pricing offered in the Forex space by the firm was carried over to CFD trading where all costs are clearly outlined. The pricing structure should appeal to traders who are looking for a low-cost broker who offers very competitive pricing on all tradable assets.
This is the part of our analysis where we felt that the firm excelled above many others in the sector. Once the verification process is finished, the account is done and ready for trading. Even a first time visitor is likely to understand how it works in no time.
Additionally, ETFinance maintains segregated client funds and offers negative balance protection. The broker is also part of the Investor Compensation Fund, providing you with reassurance in the unlikely event of insolvency. Below you will find a snapshot of the fees charged at ETFinance.
- It’s secure and works smoothly on both the web and through mobile apps.
- This allows traders to simply diversify their portfolios and stick to whatever trading strategy that they feel the most comfortable with.
- All platforms also offer a wide range of indicators and drawing tools to allow you to perform technical analysis successfully.
- ETFinance promotes fast execution of trades and convenience through its platforms.
- Charting with the right use of technical analysis can give you better trading results.
- Each of these accounts is designed for different levels of traders, so we’re sure you’ll find something that suits your needs.
However, before doing so, one must know how trading works and how to execute a trade in order to get good results. Basically, analyzing the markets and making decisions are the most important things a trader should be prepared about. Once you understand and know the volatility of the markets, it is easier to decide what fxtm broker reviews step next you need to take – whether to buy or sell. For example, if you think that the market value is going to fall, then choose to sell. But, if you think that the price is going to increase in value, choose to buy. Methodology updates are made so that new broker features and products are taken into consideration.
If you plan to go on live-trading, you can easily switch the platform into a live account and can fund your account right away. Combined together, you would have an edge in making good trading decisions. The company offers good assistance and has helpful analysis, that can gain you important statistics that you’d definitely find helpful to make a more informed decision. It has trading cubes and visual trends that can speed up your trades and keep track of the latest market trends. This has visual presentations that encompass all the critical information you need to see and highlight valuable data points. We can say that the charting capability of ETFinance is good and well-thought.
Following international requirements, traders can only transfer funds to a financial balance held under the same name as the trading account. Moreover, they are encouraged to trade on the go, as it answers to the challenge of the time we live in. The mobile version is as good as the desktop one and grants access to the whole package of tools and functions. The account can be synchronized, so there’s no need to choose between mobile device and desktop version. ETFinance app is available to download from App Store or Google PlayStore. The MetaTrader 4 (MT4) Platform is the most popular platform in the trading industry and it is also available when trading with ETFinance.
Our review found that ETFinance makes its profits via spreads instead of fees. As such, there are no commissions, making it easier for you to calculate your trades. Spreads are higher than average, however, but ETFinance makes up for this with an incredible range of instruments.
