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ETFinance Forex Review - A Comprehensive Trading Platform

ETFinance is a brand of Magnum FX (Cyprus) Ltd, which is a leading Cyprus Investment Firm (CIF). It is licensed and regulated by Cyprus Securities and Exchange Commission (CySEC). ETFinance provides you a world-class experience in trading in different financial instruments based on your preference and requirements. They also focus on capacitating their customers on trading for helping them execute successful trades and grow financially.

How to Open a Trading Account?

Opening a trading account on ETFinance is convenient and a hassle-free experience. You will need to log on to their website and fill in your personal details. Once you fill the personal details, you will be asked to fill a questionnaire. This will help in assessing if the products and services offered by ETFinance are suitable for you based on your experience. Your personal information is completely secure and not shared with anyone. In the last stage, you will be asked to verify your account by submitting proof of identity and proof of residence.

Types of Trading Accounts

ETFinance homepageThe different types of trading accounts offered by ETFinance are as follows:

Silver Account

The silver account is best suited for beginners who want to start their journey in trading. You get to learn the basics of investing on a safe and intuitive platform. You get 750 assets and 0.07 minimum spreads with the silver account. The maximum leverage is 1:30 and there is no deposit commission also with the silver account. This account also entitles you to 24/5 customer support.

Gold Account

If you are an experienced trader who knows the basics of trading, then you can choose the gold account. The gold account can help you to take your trading skills to the next level while making a good earning. You get 0.05 minimum spreads with the gold account. The maximum leverage is 1:30 for retail accounts and 1:400/1:500 for professional accounts. Webinars and videos are also a part of the gold account which helps you enhance your trading skills. Hedging and swap discount of 25% are other key features of the gold account from ETFinance. You get the services of dedicated account manager with this account along with 24/5 customer support.

Platinum Account

Platinum account is the most premium account offering from ETFinance. It is designed for seasoned and professional traders and is a highly favorable trading account. This account type offers you lower spreads of 0.03 minimum spread. The maximum leverage is 1:30 for retail account and 1:400/1:500 for professional account. A dedicated account manager along with webinars and videos help you to maximize your potential and earnings through the platinum account. Platinum account holders also get latest news alerts which help them to stay ahead of the competition. The swap discount is 50% with this account.

Demo Account

You get a demo account after opening your trading account with ETFinance. The demo account provides you a simulated trading environment along with $100,000 of virtual money. You can do trading using the demo account to improve your trading skills. Since it is a demo account with virtual money, you don't risk to lose any money. The demo account can make you understand where you are making mistakes and areas which need improvement to make you a better trader. Generally, a demo account is valid for 7 days. However, you can request your account manager to extend this duration if you need more trading practice.

Withdrawal and Refund

The withdrawal request can be made only online. You need to ensure that your full name on the beneficiary account matches the name on the trading account. This is in compliance with anti-money laundering (AML) requirements. The minimum withdrawal amount is €50 while the maximum withdrawal limit is less than or equal to the account balance. You can make the withdrawals through credit card, bank wire transfer, etc. You may be charged a withdrawal fee of €15 for making withdrawals through bank wire transfers.

Safety of Funds

ETFinance places high importance to the safety of funds of its clients. They use transparent and ethical business practices along with the latest technology to ensure the safety of your funds. Your funds are kept in a separate account from the business' account. The accounts are maintained with the leading and most trusted banking institutions to provide you complete peace of mind. Strong firewalls and secure socket layers (SSLs) are used for all transactions. All financial transactions are also managed by PCI-DSS Level 1 certified payment services. The data transferred between their servers are also completely encrypted to prevent any data leakage.

Why Choose ETFinance?

ETFinance provides a seamless and smooth trading experience. The key reasons why you can choose ETFinance over other service providers are as follows:

Award Winning Platform

ETFinance aims at providing the best possible trading experience to its clients. It used award winning trading platforms- WebTrader and MetaTrader- to ensure the same. Both these trading platforms are highly popular and recognized globally. You get an intuitive and secure environment to trade using these platforms. You get access to detailed insights and analysis along with trading signals and visual trends. You can also access these trading platforms through your mobile devices which allows you to trade with mobility on the go.

Powerful Analysis and Insight Tools

ETFinance allows you to trade in a wide variety of financial assets like stocks, indices, currencies, Forex, cryptocurrencies, etc. When you open an account with ETFinance, you get access to powerful analysis and insight tools. These analysis and statistical tools can provide you rich information which you need for trading and assist you to make informed trading decisions. They provide you latest market trends and news which increases you chances of making successful trades. You get 24/5 access to markets, updated news and information, and uninterrupted service.

Robust Customer Support

Robust customer support is another distinguishing feature of ETFinance. You are provided round the clock support on 24/5 basis. A team of trained and dedicated customer support executives are deployed to take care of and address all your needs and grievances.

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