ETFinance Review

ETFinance Logo

In this post I will be reviewing the ETFinance online broker who are based in Cyprus. They offer clients around the world online trading of Forex and CFD instruments via the MetaTrader 4 platform which you can download for free for multiple devices. If you are new to trading online, the broker has demo account where you can practice your trading strategies and try out their services.

ETFinance Platforms & Tools

ETFinance provide the popular MT4 trading platform for desktop, web and mobile devices. The web based MT4 platform can run directly within most modern web browsers without needing to download or install any additional software. The MT4 mobile application is useful for those who need to access their ETFinance account for trading whilst on the go from anywhere in the world as long as there is an internet connection.

ETFinance Review - MT4 Trading Platform
ETFinance Review – MT4 Trading Platform

The MT4 platform is fully customisable and user friendly, containing an abundance of trading tools. It is intuitive enough for beginner traders whilst it has enough advanced features and functionality to satisfy the more experience traders. Amongst the most prominent features of the MT4 platform are:

  • Multiple chart time frames and chart types
  • Multiple order types including instant and pending orders
  • One-click trading support
  • Multiple trading instruments including forex, stocks, commodities, indices, metals, energies, etc
  • Real time bid/ask price quotes displayed in the market watch window
  • Large collection of technical indicators for conducting chart analysis
  • Graphical drawing objects for marking important price levels
  • Automated trading support through the use of expert advisors (EA’s)
  • Strategy tester to back test EA’s over historical data downloaded from the broker
  • MQL programming interface to create customised indicators, scripts and EA’s
  • Set price alert notifications to be sent via SMS, email or platform pop-ups
  • MetaTrader market place where you can share trading tools with other traders
ETFinance Review - MT4 Mobile Trading App
ETFinance Review – MT4 Mobile Trading App

In addition to the robust MT4 platform, ETFinance also provide traders with some other trading tools which they can use to help analyse the markets and plan trading positions. The broker offers an economic calendar which displays the latest news releases along with the impact they can have on various markers around the globe. There is also an earnings calendar which displays important information on some of the biggest quoted companies in the world when they release their reports.

ETFinance Review - Economic Calendar
ETFinance Review – Economic Calendar

ETFinance Research & Education

ETFinance have a generous collection of educational materials which can be utilised by traders of all experience levels. They cover a vast range of trading topics and can help clients to improve their trading knowledge and skills. This includes videos on demand, trading guides, articles, tutorials, eBooks, webinars and more. The provided educational tools show that ETFinance care about their clients being informed traders.

ETFinance Review - Traders Education
ETFinance Review – Traders Education

ETFinance Trading Accounts

ETFinance give clients a choice of 4 different account types. You can opt to choose the account type which is suitable for your trading strategies and goals. The main difference between the accounts offered by ETFinance are the size of the spreads, assets available to trade, leverage and account features. Islamic accounts that comply with Sharia law are available upon request as are demo account if you wish to practice your trading strategies with virtual funds before opening a live trading account. The current account types provided by ETFinance are as follows:

  • Silver Account: Basic account for those new to trading. The maximum leverage is 1:30 and the minimum spreads start from 0.7 pips. The benchmark EURUSD spreads is 2.2 pips.
  • Gold Account: The minimum spread is lower at 0.5 pips with the benchmark EURUSD spread is 1.3 pips. Account holders enjoy a swap discount of 25% and dedicated account managers.
  • Platinum Account: The minimum spreads start from 0.3 pips whilst the benchmark EURUSD spread is 0.7 pips. Account holders can qualify for a free VPS and swap discount of 50%.

ETFinance Account Funding

ETFinance have a choice of convenient options to make deposit and withdrawals to and from your online trading account. This include Wire Transfer, Credit/Debit Cards and online payment processors such as Skrill and Neteller. The time and cost of funding will depend on the method used. Make sure you check and are clearly aware of all accounting fees.

ETFinance Customer Service

ETFinance provide clients with support during office hours (EU) from Monday through to Friday. You can contact them via live chat, telephone, email or using the online form to send a message. They are happy to answer any general, technical or account specific questions that you may have.

ETFinance Regulation

ETFinance is the trading name of ‘MAGNUM FX (CYPRUS) LTD’ which is registered in Cyprus with the registration number: HE 360548. They are authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 359/18. CySEC is responsible for the supervision of operations and ensuring the compliance with the relevant legislation of forex brokers in Cyprus. The mission of the CySEC is to exercise effective supervision to ensure investor protection and the healthy development of the securities market. Regulation can give traders peace of mind that they are using a forex broker that must comply with strict rules and regulation put in place to protect traders.

ETFinance Review Summary

Overall, ETFinance have a generous online trading service, with a range of educational materials to support clients and flexible account types for different client needs. They provide the well known MetaTrader 4 platform along with convenient funding options and a range of tradable assets. The broker is regulated and have a friendly customer support team on hand who will be happy to help you open a trading account.














  • Regulated Broker
  • Forex & CFD Trading
  • MetaTrader 4 Desktop, Web & Mobile
  • Good Selection Of Educational Resources
  • Commission Free Accounts
  • Variety Of Funding Options
  • Live Chat Support
  • Competitive Trading Conditions
  • Economic Calendar
  • Earnings Calendar