ETFinance review: Quick, safe, commission-free and efficient online trading platform with user-friendly features - OhNo WTF Crypto

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ETFinance review: Quick, safe, commission-free and efficient online trading platform with user-friendly features

April 15, 2020 , ,
#crypto #bitcoin

ETFinance is a registered company in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC). The firm intends to help people from across the globe with changing dimensions of the financial system. ETFinance’s main goal is to provide traders with a firm foundation and cutting-edge platform that will allow them to trade at the best of their potential. The online broker offers a wide range of trading products – 

  1. Forex
  2. Commodities
  3. Indices
  4. Stocks
  5. Cryptocurrencies
  6. ETFs

ETFinance provides a total of 62 currency pairs for trading. This range covers all of the most common and popular major currency markets like USD/GBP, USD/EUR, and many more. With ETFinance, trades can expect a secure and convenient deposit and withdrawal while choosing their convenient way of handling transactions.

Different mode of transactions available.

Different modes of transactions available.

  1. Quick- Instantly withdraw and deposit funds using your preferred payment option
  2. Safe- Keep your funds protected using bank-level security and encryption
  3. Commission-free- Perform as many transactions as you’d like without paying any additional fees
  4. It can be traded on any device – PC, smartphone, Tablet.
  5. The market can be accessed 24/7

Regulations:

ETFinance is a brand name of Magnum FX (Cyprus) Ltd., a leading investment firm, licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). Being regulated by CySEC ensures that clients’ funds are highly protected in segregated accounts and clients also have a certain level of insurance should the broker go bankrupt. It also complies with GDPR standards, ESMA, and MIiIFD.

The broker offers several features for inexperienced and professional traders. A great educational hub, a variety of tradable assets, solid customer support, and advanced trading tools; unlike many other trading improvements, ETFinance does not trouble the users with hidden fees.

Trading Platforms

ETFinance offers the most popular trading platforms – MetaTrader4.

Metatrader 4 is available as a desktop and mobile application, as well as a web-based trading platform. This means that the broker also offers a mobile application available on Google Play and App Store. 

Three account types offered by ETFinance:

Silver, Gold, and Platinum. Every upgrade provides you with better trading conditions as you can see in the image below. The minimum deposit requirement for the Silver account is $250. The firm also provides professional accounts for professional users. That said, this firm is also a great place for beginners. as it offers articles, VOD, Ebooks, courses, and tutorials to get the traders started.

 

                                         Three types of accounts

 

  1. ETFinance also offers great customer care via phone, email, live chat, and the website is available in English, Spanish, German, Dutch, Portuguese, and Italian – This attracts customers from all different countries and provides them with good user experience.
  2. ETFinance also offers a good range of CFD products. Cryptocurrency CFD trading is low-cost; one does not have to pay a high commission or trading fee, enabling you to make more profit on your successful trades.
  3. Safe and regulated broker:
    As a regulated broker, ETFinance puts customer safety first, follows the strictest principles provided by the regulators and take additional measures to make sure the platform, and the traders, are protected at all times.
  4. Award-winning platform:
    ETFinance provides traders with the most empowering professional analytics tools. Traders can make use of the advanced technical analysis and fundamental analysis that the platform offers and evaluate each potential investment and make better-informed decisions.

ETFinance also provides high-level security storing customer funds in segregated accounts. If there happens to occur an unlikely event client funds are protected as the personal assets of the brokers’ clients, and cannot be treated as recoverable assets owned by the company itself. The firm also has rigorous firewalls and Secure Sockets Layer (SSL) encryption to ensure top quality data protection.

Awards won:

Risk Warning:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% 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 the full Risk Disclosure Statement.

Conclusion:

ETFinance is the place for online trading; It is user-friendly and suits all kinds of users. The broker offers CFDs on a large number of assets as mentioned at the beginning. The platform also has a short demo account available which lets people gave an idea before they actually start trading. The platform also has good security in terms of data encryption, customer asset storage, and compensation procedures. Thus, ETFinance is certainly the place traders can consider.

They can be reached via Facebook, Instagram, and Twitter.

Disclaimer: This a paid post, and should not be treated as news/advice.



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Rakshitha Narasimhan, Khareem Sudlow