2.9
A wide variety of asset classes and instruments
Negative balance protection for retail traders
Sign-up with ETFinance Sign-up with ETFinance
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please read full Risk Disclosure Statement.

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

Written by
Updated on Mar 19, 2024
Reading time 10 minutes
ETFinance is a forex broker that offers trading on assets from stocks and shares to precious metals as well. It’s a fairly new platform aimed at active traders, with high penalties for inactive accounts.

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:

A wide variety of asset classes and instruments
Negative balance protection for retail traders

Cons:

Can I open an account with ETFinance?

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.

ProductOffering
CFDs
-Forex
-Cryptocurrencies
-Indices
-Metals
-Commodities
-Stocks
-ETFs
750
-50+
-25+
-20+
-4
-13+
-150+
-4+
See all trading options >

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 leverageMargin
Forex1:5000.2%
Metals1:1250.8%
Indices1:1250.8%
Commodities1:1250.8%
Stocks1:502%
Cryptocurrencies1:250%
See all leverage trading options >

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.

ProductAverage spread rangeFixed or variable?
Forex0.7-2.1 pipsVariable
Metals37 pipsVariable
Indices1 pointVariable
Commodities3 pipsVariable
Stocks20 pips to 1 pointVariable
CryptocurrenciesVariableVariable
ETFsVariableVariable
See all spreads >

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 methodDepositWithdraw
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
See all deposit and withdrawal fees >

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 typeFee amountCommission
Swap chargesCalculators available on website as well as a pdf
Currency conversionVariable
Inactivity160 EUR a month after two months, going up to 500 EUR for 9 months
See all fees >

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. 

ProductMinimum tradeMaximum trade
Forex0.01 lot50 lots per trade
Metals0.01 lot50 lots per trade
Indices0.01 lot50 lots per trade
Commodities0.01 lot50 lots per trade
Stocks0.01 lot50 lots per trade
Cryptocurrencies0.01 lot50 lots per trade
See all trading limits >

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:

  1. Identity Proof: International Passport or National ID card
  2. Proof of Residence: Any address proof like utility bills containing name and address issued in the last six months
  3. 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

  1. Click on ”Open Account” on the website
  2. Fill in all the details and follow the steps required to complete the signup process
  3. You will receive a questionnaire asking for personal information, background and your trading experience
  4. You need to verify your account (KYC protocol) by uploading the requisite documents
  5. Once verified, make a deposit and start trading!
01

Who owns ETFinance?

02

How does ETFinance make money?

03

Do I have to pay tax on ETFinance profits?

04

Does ETFinance offer CFD trading?

05

How do I sell on ETFinance?

06

How do I delete my ETFinance account?

07

How can I short on ETFinance?

08

What if I forget my account password?

09

Can I transfer from my ETFinance account into my PayPal account?

10

What if ETFinance closes down while I have open trades?

11

Can I access my full trading history on ETFinance?

12

Can I pay in cryptocurrency with ETFinance?

13

Does ETFinance offer bonuses?


Sources & references

Risk disclaimer

Theodor Tonca

Theodor Tonca

Financial Writer

  • Financial Markets
  • Financial Services
  • Market Analysis
  • Apps
  • Regulation
Theodor is a Financial Writer for Invezz, reviewing, testing and scrutinizing financial products. He is a former financial analyst and investment partnership founder with over 10 years of direct investing experience and more than 8 years of published writing experience....