WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com

您当前语言与浏览器默认语言不一致，是否切换？

切换

Global Broker Regulation & Inquiry App

Broker Search

English

简体中文繁體中文 English Pусский 日本語 ภาษาไทย Tiếng Việt Bahasa Indonesia Español हिन्दी Filippiiniläinen Français Deutsch Português Türkçe 한국어 العربية

Download

Home -

Broker -

ETFinance -

Suspicious Clone

Score

0123456789

/10

ETFinance

Item: ETFinance
Rating: 1.51

China|5-10 years|

Suspicious Scope of Business|High potential risk|

https://cfd-trading.lp-etfinance.eu/u/c8e8514e37f1e7ac93ec

Website

Time Machine

Rating Index

Contact

support@etfinance.com

https://cfd-trading.lp-etfinance.eu/u/c8e8514e37f1e7ac93ec

Licenses

CYSEC Suspicious Clone

Cyprus STP

VPS Standard

No restriction on the broker account. Support service provided by WikiFX

Single Core

40G

Open Now

Check whenever you want

Download App for complete information

Download on the

WikiFX (Global)

Download on the

WikiFX (China)

Download Apk

WikiFX Pro

Warning: Low score, please stay away! 2

Previous Detection : 2024-11-21

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

The CyprusCYSEC regulation (license number: 359/18) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5 Identification

Genealogy

Clones

Keywords

Account Information

Time Machine

ETFinance · WikiFX Survey

Users who viewed ETFinance also viewed..

XM

9.05

Score

10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License

Details

Official website

VT Markets

8.51

Score

5-10 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License

Details

Official website

CPT Markets

8.60

Score

10-15 yearsRegulated in United KingdomMarket Making(MM)MT4 Full License

Details

Official website

HFM

8.26

Score

10-15 yearsRegulated in CyprusMarket Making(MM)MT4 Full License

Details

Official website

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
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.