ETFinance

General information

ET Finance is the trading name of MAGNUM FX, which was established in September 2016, and the ET Finance domain name was registered with GoDaddy in July 2018. ET Finance currently holds an STP license from the Securities and Exchange Commission of Cyprus (license number 359 / 18).

ET Finance is currently regulated by CySEC of Cyprus, a global Tier 1 regulator. This regulator has strict regulation for Forex brokers, which means that the safety of investors' capital and trading activities are protected to some extent. .

market instruments

ET Finance offers investors a wide range of financial trading instruments, including Forex currency pairs, CFDs, ETFs, Indices, Stocks, Energies, Metals and Cryptocurrencies.

minimum deposit

ET Finance offers investors three different types of trading accounts, namely silver, gold, and platinum accounts. To start trading requires a minimum deposit of $250.

Leverage

The Silver account has leverage of 1:30 for major currency pairs, 1:20 for minor currency pairs, gold, indices, 1:10 for commodities, 1:5 for stocks, and 1:2 for the cryptocurrencies. Gold and Platinum accounts have leverage of 1:500 for Forex currency pairs, 1:125 for indices and commodities, and 1:10 for company shares.

Spreads and commissions

For positions held overnight, ET Finance is subject to a 5% Swap charge. For Silver accounts, spreads start at 0.07 pips with no SWAP discount. For Gold accounts, spreads start at 0.05 pips with a 25% SWAP discount. For platinum accounts, spreads start at 0.03 pips with a 50% SWAP discount.

Available trading platform

ET Finance offers traders three powerful trading platforms, namely WebTrader, MT4 trading platform and Mobile APP. MT4 is currently the most popular Forex trading platform with a variety of features and an intuitive design, supporting more than 50 technical indicators, 30 interactive charting tools, 9 timelines and 30 supported languages. Traders can create and customize their own trading strategies. The WebTrader / web trading platform has almost all the features of MT4, with a web-based trading interface for direct trading without the need to download any software. The mobile app gives traders the flexibility to trade on their mobile devices anytime, anywhere.

Trading accounts available

ET Finance offers investors three different types of trading accounts, namely silver, gold, and platinum accounts.

account opening

First you have to fill in the data on the web and then we will have to justify our identity and residence data by sending photos or images of our passports, identity documents and any electricity, water or bank statement bill with our address.

deposit and withdrawal

ET Finance helps traders to deposit and withdraw funds to their investment accounts via VISA, MasterCard, Skrill, bank transfer. ET Finance reserves the right to charge a withdrawal fee of $50 for inactive accounts.

News

ETFinanceIt is a financial intermediary created in Cyprus in 2018. According to its official website, it has an offer of more than 350 financial assets, 2 specialized online trading platforms and offers its services to more than 15 European countries.

According to the same broker, its mission is to offer quality training material and instruments to its clients, as well as trading applications that enable them to enjoy great investment experiences. One of the goals of this broker is to become the preferred intermediary for those who want to invest properly.

Another factor that contributes to the relevance of this broker is that it is an official sponsor of the Real Madrid basketball team and has been awarded several times for the good quality of its services.

Conclusion

Advantages of ET Finance:

1. CySEC Regulation

2. Abundance of financial instruments

3. MT4 Trading Platform

4. Exchange discount

5. Thin spreads

The cons of ET Finance:

1. Higher fees for inactive accounts

2. Limited time available for demo accounts

3. Absence of the FAQ section.

It is safe ETFinance ？

ET Finance is the trading name of MAGNUM FX, which was established in September 2016, and the ET Finance domain name was registered with GoDaddy in July 2018. ET Finance currently holds an STP license from the Securities and Exchange Commission of Cyprus (license number 359 / 18).

ET Finance is currently regulated by CySEC of Cyprus, a global Tier 1 regulator. This regulator has strict regulation for Forex brokers, which means that the safety of investors' capital and trading activities are protected to some extent. .

advantages of ETFinance :

EU-wide license

An EU-issued license gives an intermediary the right to address EU citizens regardless of their place of residence: the UK, Cyprus or any other EU country.

ETFinanceIt is licensed by the Cyprus Securities and Exchange Commission (CYSEC) and that means the broker is completely trustworthy. Cysec is a member of the committee of the European Securities and Markets Authority (AEMV).

All EU regulated brokers are subject to strict regulatory requirements, including maintaining at all times an operating capital of at least €730,000, keeping their clients' money in a segregated trust account, providing clients with negative balance protection , submit regular reports, allow for external audits, and participate in client compensation funds, basically insuring all trading accounts.

50 currency pairs and several CFDs

ETFinanceoffers its clients a list of 50 currency pairs, many of which are exotic or minor such as usdzar, usdinr, usdsgd, usdtry, usdsek, usdrub, usdpln, usdnok, usdmxn, usdhuf, usddkk and usdhkd. and on its trading platform we also come across CFDs on many soft commodities such as corn, copper, cotton, coffee, orange juice, soybeans, wheat, cocoa and sugar, major crypto currencies such as dash, bitcoin, litecoin, bitcoin cash, ethereum, ethereum classic, ripple, zcahs, bitcoin gold, monero, verge, siacoin, cardano, iota, neo, usd tether, stellar, nem, qtum, and lisk, stocks, 16 indices, silver, gold, platinum, palladium, oil brent, light crude and natural gas. As crypto asset trading becomes more and more popular, you can also check out our list of brokers offering bitcoin CFDs here:

good shots

The benchmark EURUSD spread floated around 0.2 pips – 0.3 pips, which is great, especially since there is no trading fee taken. In the list of trading instruments, however, we came across a second set of currency pairs, where the spreads were set at a much higher rate – the EURUSD spread, for example, was set at 3 pips, which is more than one point higher than what traders would normally find attractive with a standard account.

MetaTrader4 disponible

ETFinanceoffers traders the industry standard metatrader4 platform. This is without a doubt the most popular trading platform on the market, preferred by professional traders and beginners alike.

It features over 50 modifiable market indicators, as well as trading robots known as Expert Advisors, which can be easily used to execute automated trading sessions. In addition, the platform has an excellent set of advanced charting tools, so here you can also check out our list of brokers that support MT4:

Neteller and Skrill available as payment methods

ETFinanceaccepts payments with credit and debit cards such as visa and mastercard, bank transfers and the popular e-wallets such as neteller and skrill.

The website is available in 6 languages

In addition to English, the website of ETFinance It is available in Spanish, German, Dutch, Portuguese and Italian.

as disadvantages of ETFinance we can mention:

Conservative leverage

the leverage that ETFinance offered to retail clients is 1:30, which is in line with the new esma regulations that came into effect in august 2018. still, if you are a professional trader and can prove it, you can be offer leverage up to 1:500.