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Counterfeit Dealer
ETFinance
ChinaEntry Time 2019-12-04
2019-12-04Input
https://cfd-trading.lp-etfinance.eu/u/c8e8514e37f1e7ac93ec
https://cfd-trading.lp-etfinance.eu/u/c8e8514e37f1e7ac93ec
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ETFinance · Company Summary
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 |
| 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.
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