ETFinance review 2025
Investing options: 2.7
Platforms & usability: 2.5
Products, markets, & assets: 3.1
Safety & reliability: 3.6
Deposits & withdrawals: 3.6
Research & analysis tools: 2.1
Fees & costs: 3.4
Education & learning resources: 2.3
ETFinance review Summary
Theodor Tonca
Financial Writer
- Financial Markets
- Financial Services
- Market Analysis
- Apps
- Regulation
ETFinance is a relatively new ETF trading platform that lets you speculate on the price performance of a wide variety of assets by trading contracts for difference. CFDs are a method of betting on changes in price without owning the asset itself. Keep reading this review to learn more about what this means for the platform and whether you should sign up.
ETFinance is no longer in operation. Use our guide to find the best ETF trading platform in 2025.
What can I do with ETFinance?
ETFinance lets you trade CFDs on currencies, commodities, indices, cryptocurrencies, and shares. In total, there are over 750 instruments for trading across seven asset classes, so you have lots of options available.
ETF is based in Cyprus and has a tiered system that offers more advanced trading options depending on the account level you choose to set up. While there are no commissions and reasonable spreads, there are steep charges for inactivity and a broader lack of information that mean you should be careful if you choose to sign up.
Pros & Cons
Pros:
Cons:
Can I open an account with ETFinance?
Yes, residents of United States can open an account with ETFinance.
No, residents of United States cannot open an account with ETFinance. Consider trying our best-rated broker in , . Find the best broker in
ETFinance.eu markets, assets, and options
What assets and products can you trade on ETFinance.eu?
ETFinance allows trading in 750 CFDs across 7 asset classes. These include CFDs on forex (major and minor), cryptocurrencies, stock indices, commodities (both agriculture and energy), ETFs, and precious metals.
Product | Offering |
---|---|
CFDs -Forex -Cryptocurrencies -Indices -Metals -Commodities -Stocks -ETFs | 750 -50+ -25+ -20+ -4 -13+ -150+ -4+ |
What leverage trading options are there?
ETFinance offers different leverage depending on your account type. Retail accounts get maximum leverage of 1:30 and professional accounts get maximum leverage of 1:500.
Please note that leveraged trading is highly risky and is not recommended for beginners and you should only use leverage after you have gained significant trading experience.
Product (CFDs) | Maximum leverage | Margin |
---|---|---|
Forex | 1:500 | 0.2% |
Metals | 1:125 | 0.8% |
Indices | 1:125 | 0.8% |
Commodities | 1:125 | 0.8% |
Stocks | 1:50 | 2% |
Cryptocurrencies | 1:2 | 50% |
What are the spreads?
ETFinance.eu offers floating spreads across various asset classes. The spreads are on par with industry average spreads and range between 0.7-2.1 pips on forex majors. The broker does not charge any commission and makes money instead from trading spreads.
Product | Average spread range | Fixed or variable? |
---|---|---|
Forex | 0.7-2.1 pips | Variable |
Metals | 37 pips | Variable |
Indices | 1 point | Variable |
Commodities | 3 pips | Variable |
Stocks | 20 pips to 1 point | Variable |
Cryptocurrencies | Variable | Variable |
ETFs | Variable | Variable |
Fees, limits, and payment options on ETFinance.eu
What are the deposit and withdrawal fees, limits, and speeds?
ETFinance’s range of payment options includes debit cards, bank transfers, SSL and Skrill. There are no fees for deposits or withdrawals but the third-party payment providers may sometimes charge for their services. There is a 50 EUR charge on accounts with low or no trading activity which it’s very important to be aware of before you sign up.
Payment method | Deposit | Withdraw |
---|---|---|
Bank Transfer – min/max – fees – speed | Yes No limits mentioned Free 2-3 business days | Yes No limits mentioned Free 3-5 business days |
Cards (Visa, MasterCard, Maestro) – min/max – fees – speed | Yes No limits mentioned Free 1 business day | Yes No limits mentioned Free 2-3 business days |
Skrill (EUR, USD, GBP etc.) – min/max – fees – speed | Yes No limits mentioned 1.45%, min. 0.50 EUR Instant | Yes No limits mentioned 1.45%, min. 0.50 EUR 1 working day |
How much are ETFinance fees and commissions?
ETFinance does not charge any commission. It makes its money through spreads only.
Additionally, it also charges swap rates for trades held overnight. The swap rate is variable and a calculator is available on their platform to help calculate the swap rates. The usual currency conversion charges apply.
Fee type | Fee amount | Commission |
---|---|---|
Swap charges | Calculators available on website as well as a pdf | – |
Currency conversion | Variable | – |
Inactivity | 160 EUR a month after two months, going up to 500 EUR for 9 months | – |
ETFinance trade sizes and limits
ETFinance offers a minimum lot size of 0.01 lot – a micro lot – and a max lot size of 50 lots per trade, which is below average in forex. There are no restrictions on the number of trades you can make in a day.
Product | Minimum trade | Maximum trade |
---|---|---|
Forex | 0.01 lot | 50 lots per trade |
Metals | 0.01 lot | 50 lots per trade |
Indices | 0.01 lot | 50 lots per trade |
Commodities | 0.01 lot | 50 lots per trade |
Stocks | 0.01 lot | 50 lots per trade |
Cryptocurrencies | 0.01 lot | 50 lots per trade |
ETFinance trading platform
What devices can I use ETFinance on?
ETFinance’s MetaTrader 4 and Web Trader trading platforms are available directly in the web browser, as a desktop platform, and also as a forex trading app for iOS & Android.
- PC
- Mac
- Tablet
- iOS mobile device
- Android mobile device
Can I use ETFinance in my country?
ETFinance is a new CFD broker and is widely available across Europe and Asia. It is, however, not available in the United Kingdom, Belgium, Germany or Italy.
A caveat however is that due to legal restrictions in your country, some features and products of ETFinance might not be available. It is recommended to check their website for information before transacting as they will update any restrictions on the sign-up page itself. Select your country from the list below to see if it is available where you are.
Is ETFinance available in my language?
ETFinance currently supports 7 languages: English, Spanish, German, Dutch, Portuguese, Italian, Swedish.
How easy is it to use ETFinance?
ETFinance offers user friendly trading platforms and the onboarding process is simple with step by step guidance.
Once you have been onboarded, it is easy to casually trade on the go with the mobile app for either iOS or Android devices and a web browser-based platform. But at the same time, professional traders looking for a robust, sophisticated platform won’t be disappointed with the MetaTrader 4 desktop platform, which offers plenty of bells and whistles. However, cTrader and MT5 are missing, which is a drawback.
Key features
ETFinance is a new and upcoming CFD broker with multiple features and qualities to take advantage of. Here are a few.
Negative balance protection
ETFinance offers negative balance protection to all its retail accounts in the EEA region. This ensures that clients do not lose more than their total deposit. This facility however is not extended to professional accounts.
Islamic account
Unlike many brokers, ETFinance offers a raw pricing trading account for members of the Islamic Faith. No interest (swap) is credited or debited from their accounts.
Additionally there are no swap charges on overnight positions, no commissions, no hidden costs, and no time limit on holding positions. This unique offering is what makes ETFinance a preferred choice for Islamic Traders.
Protection under investors compensation scheme
Traders in EEA are protected under the Investors Compensation Scheme issued by the UK’s Financial Conduct Authority (FCA). This ensures protection and insurance of deposits in case ETFinance permanently closes down one day without refunding deposit money. This is however not applicable to any other jurisdiction and your deposited funds are always at some risk.
Security and regulation
Is ETFinance safe?
ETFinance is governed by the EU’s General Data Protection Regulation (GDPR), which protects client’s personal data. ETFinance also provides standard 128-bit SSL encryption on all trades.
Am I and my funds protected?
EEA traders and investors are protected for the maximum amount under the UK’s Investors Compensation Scheme (£20,000). Investors and traders in other jurisdictions are not protected however. ETFinance also keeps segregated accounts for investor funds and company funds so that they do not mix and investor funds are not utilized by the company for any reason.
Is ETFinance regulated?
Yes, ETFinance is regulated by the Cyprus Securities & Exchange Commission (CySEC).
Do I have to verify my account with ETFinance?
Yes, traders have to verify their account information as ETFinance is a licensed and regulated broker and verification is necessary for KYC purposes. The following documents are required:
- Identity Proof: International Passport or National ID card
- Proof of Residence: Any address proof like utility bills containing name and address issued in the last six months
- Debit/Credit card copy: One has to black out the 2nd to 12th Number on the front and back of the card and three digit CVV number as well. Alternatively, one can submit a bank statement for bank transfers
Extra information
Educational resources
ETFinance has lots of educational resources on its website, with a number of courses, tutorials, videos and eBooks. The range of resources made available is exhaustive and caters to beginners learning for the first time as well as professionals who want to brush up on and add to their knowledge.
Tools and charting
ETFinance offers the widely recognised MetaTrader and Web Trader trading platform. It is a much-used platform that provides access to detailed financial analysis and charting tools, including in-depth analytics and customisable charts allowing traders across the skill board to manage and execute their strategies.
The mobile app also gives you access to these trading tools, offers one-tap trades, and instant account synchronisation across your devices.
Customer support
ETFinance’s support team is available via phone Monday to Friday 04:00 – 17:00 GMT. One can also contact them via email as well as a live chat feature on their website.
One bonus is that they say that they allow clients to speak directly with the management team. They have a link on their website where one can fill in a form and the management team will reach back out and personally address their concern.
Our verdict
ETFinance is a newly established broker offering CFD trading across various asset classes. It does not charge commissions and keeps its spreads low and on par with the prevailing industry average. It also offers accounts for both retail and professional traders with unique features to each, such as negative balance protection for retailers and up to 1:500 leverage for professionals.
The drawback is that details are sparse on their website and this lack of transparency is generally not a great sign in a new broker. The inactivity fee is very steep and payment options are somewhat limited without much information on trading limits or payment timelines. For these reasons, we would advise traders to tread with caution if opening a new account.
How to open an account with ETFinance
- Click on ”Open Account” on the website
- Fill in all the details and follow the steps required to complete the signup process
- You will receive a questionnaire asking for personal information, background and your trading experience
- You need to verify your account (KYC protocol) by uploading the requisite documents
- Once verified, make a deposit and start trading!
Who owns ETFinance?
ETFinance is owned by MAGNUM FX Limited, which was founded in 2018 and is based in Cyprus.
How does ETFinance make money?
ETFinance makes money on trading spreads which it charges on every transaction. It also charges swap fees for overnight trades.
Do I have to pay tax on ETFinance profits?
Taxation depends on your country of residence. It is advisable to check the tax regulations in your country to determine any tax applicable to you.
Does ETFinance offer CFD trading?
Yes, ETFinance offers CFD trading on 750 instruments across 7 asset classes.
How do I sell on ETFinance?
Login to your trading dashboard, select the trade you would like to close and click on the “Sell” button once you have selected the quantity and price you would like to sell at.
How do I delete my ETFinance account?
If you like to delete your trading account, simply send a formal email or contact form request to the ETFinance support team and they will provide you with a few steps to follow in order to close your account.
How can I short on ETFinance?
Since ETFinance offers only CFDs, shorting is as simple as going to the Market Watch tab in your trading dashboard and clicking “Sell at Market”.
What if I forget my account password?
Go to the ETFinance website. Click on Login and at the bottom is the “forgot password” option. Clicking on that will reset your password and the system will email you the temporary password to your registered email address.
Can I transfer from my ETFinance account into my PayPal account?
No, ETFinance does not currently support PayPal as a payment option.
What if ETFinance closes down while I have open trades?
All your open trades are processed in real-time and will be visible in your trade history. You can access them once you log into the MetaTrader 4 platform again.rnrnIn the event that ETFinance ceases operations altogether, traders located in the EEA area are insured up to the maximum amount under the UK’s Investor Compensation Scheme, while those in other jurisdictions fund’s are not guaranteed in any way.
Can I access my full trading history on ETFinance?
Yes, to see your full trade history, log in to your trading dashboard and go to the “terminal” window, where you would normally see your account balance. Choose the “Account history” tab at the bottom and right-click to choose custom dates or save the reports to your computer.
Can I pay in cryptocurrency with ETFinance?
No, ETFinance does not accept direct payments in cryptocurrency at this time. But it does provide CFDs to trade in cryptocurrencies however.
Does ETFinance offer bonuses?
No bonuses are offered by ETFinance currently.
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Sources & references
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Theodor Tonca
Financial Writer
- Financial Markets
- Financial Services
- Market Analysis
- Apps
- Regulation