ETFinance Review: Is this broker legit, safe and trustworthy for UAE citizens and residents?
ETFinance was established in 2016, and it is a financial investment company
that is incorporated in Cyprus. The firm offers trading chances to clients from
the EU as well as from other parts of the world. The Spanish basketball team
Real Madrid has tapped the financial services firm ETFinance as its official
sponsor. Visit ETFinance Website.
ETFinance is a Straight Through Processing (STP) Forex broker that also abides by high standards of safe trading in accordance with the laws that have been set.
Under the license number 359/18, the Cyprus Securities and Exchange Commission (CySEC) has approved and regulated the brokerage firm known as ETFinance, which operates under the trade name MAGNUM FX (CYPRUS) LTD. Due to the broker's ability to register their business in many countries, it is lawful for them to provide brokerage services in Cyprus, the EU, and other parts of the world. They have complete authorization to do so.
Clients' monies should be kept separate from the broker's funds wherever possible; negative balances should be protected; and the broker should take part in a compensation program in the event that the broker goes bankrupt.
Because ETFinance is a Cyprus-based and EU-regulated broker, it is subject to the limitations imposed by ESMA and as a result, it provides lesser leverage limits.
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Retail traders are limited to a maximum leverage of 1:30 for major currency pairs and 1:10 for commodities. Retail traders can trade forex. After confirming their professional identity, professional traders have access to high leverage of up to 1: 400 or 1: 500.
ETFinance provides its users with three distinct types of trading accounts: Silver, Gold, and Platinum. These accounts cater to both inexperienced and seasoned investors.
In addition, if you are a Sharia trader, you have the ability to apply for an Islamic account and trade under the conditions that have been set by the law. These criteria include not engaging in swaps and not trading with a high leverage.
Because the market assortment provides you with the instruments that are the most demanded and the most popular, using ETFinance guarantees that you will pick the appropriate asset to trade. Over 750 different assets are available for trading, including forex currencies, metals, energy, commodities such as cocoa and coffee, indexes, and a wide variety of cryptocurrencies.
In most cases, the minimum deposit required to register a Silver account is $250. Doing so enables you to play at the Silver level. Due to the fact that it is designed for more experienced traders, a higher tier account will demand more money.
ETFinance is a Forex broker that, in general, has a solid trading strategy and provides traders with a great deal of choice in terms of the trading conditions, platforms, and instruments they may choose from. ETFinance is regulated by the European organization CySEC under the MiFID directive, which means that the firm is subject to protections and is categorized as a regulated broker. This is another positive aspect of the company that should not be overlooked.
When looking for a dependable trading partner, then, ETfinance is the broker that should be considered. However, it is always interesting to hear your individual thoughts and feelings regarding ETFinance. In this way, you will be able to discuss your experiences and read feedback on ETFinance.
Clients who register with ETFinance will have access to Metal CFDs, such as Gold and Silver, in addition to contracts-for-difference on oil and other commodities traded in financial markets. In addition, these clients will receive a fee of zero percent on commissions and access to financial markets around the clock.
Through the Stocks, Commodities, Indices, Cryptocurrency Pairings, and Forex Trades that are made available by ETFinance, investors have access to more than 250 different digital assets.
It is recommended that desktop trading be preferred because it allows for multiple executions and contracts to be simultaneously active. In contrast, the ETFinance mobile platform only supports a single trade due to the architecture design of the platform. Although each platform operates well, it is recommended that desktop trading be preferred because it allows for multiple executions and contracts to be simultaneously active.
Access to ETFinances legal requirements assists traders in making decisions that involve comprehensive analysis. Although it is reasonable to anticipate that the majority of trading sites will be kept up to date on all recent legislation, it is ultimately the responsibility of each trader to ensure that they are knowledgeable.
The fact that those who are new to trading will only have access to the support team within a 12-hour window each day (Monday through Friday, 7:00 to 19:00 GMT), is seen by some as rather unfavorable by the company.
ETFinance is an online exchange that was founded in Cyprus and caters to traders by offering Contracts-for-Difference on Forex Currency Pairings, Stocks, Commodities, Indices, and Exchange Traded Funds (ETFs). This firm, which had its beginnings in 2018, didn't start doing business within the European Union until 2019, a move that helped them see growth in relation to the one-of-a-kind things they sell and the regulation that comes from CySEC. Clients that join with ETFinance will have access to Metal CFDs, such as Gold and Silver, in addition to contracts-for-difference on oil and other commodities traded in financial markets. In addition, these clients will get 0% fees and access to financial markets around the clock.
Through the Stocks, Commodities, Indices, Cryptocurrency Pairings, and Forex Trades that are made accessible by ETFinance, traders have access to more than 250 different CFD tradable assets. These financial products are managed through platforms known as WebTrader and MT4, both of which are suitable for use on a desktop computer or a mobile handset and offer support for mobile devices running Android and iOS, both of which are updated with the most recent versions of their respective operating systems. It is recommended that desktop trading is preferred because it permits multiple executions and contracts to be simultaneously active. In contrast, the ET Finance mobile platform only supports a single trade due to the architecture design of the platform. Although each platform operates well, it is recommended that desktop trading be preferred because it allows for multiple executions and contracts to be simultaneously active.
Multiple types of financial instruments, analytical devices, helper tools, and technical indicators can all be supported by the MT4 – ETFinance Platform. These helpful services also include instructional platforms, which provide customers the opportunity to gain a deeper understanding of the requirements necessary to increase their earnings from the trades they have contracted. These instructional offerings include of Webinars, E-Books, Tutorials, Courses, and an Earnings Calendar, among other things.
In addition, ETFinance provides a list of all applicable legal requirements, which may include the laws and regulations that govern the functioning of the various businesses. Access to ET Finance's legal requirements assists traders in making comprehensive analytical decisions. Despite the fact that it is reasonable to anticipate that the majority of trading sites will be current on all recently enacted legislation, it is ultimately the trader's responsibility to ensure that they are well informed. Within a year, this quality has contributed to the success that ET Finance has had as an exchange.
Silver, Gold, Platinum, and Islamic are the names of the several account tiers that come with purchasing one of these.
All newly enrolled traders are automatically given a silver account, which
has 750 asset limits and a maximum leverage of 1:30. This account is the default
for all new traders. Gold and Silver accounts provide with a variety of extra
benefits, including devoted relationship managers, free webinars, hedging, swap
savings, and free virtual private networks (VPNs). It is important to highlight
that in order to comply with religious and legal requirements, the terms and
conditions of all accounts used by Islamic merchants will be uniquely tailored.
The use of leverage is an essential component in the routine activities of traders who work with ET Finance. The greatest leverage that can be offered to professional clients is either 1:400 or 1:500, whereas the minimum leverage that can be offered to retail consumers is 1:30. The amount of leverage that may be offered is restricted by associated accounts, with Gold and Silver accounts supporting the maximum volumes. There are no restrictions that are specified on the trading sizes of contracts, which means that an amount more than one thousand dollars can be leveraged.
Trading with ET Finance will only require a small financial investment on your part. The zero percent commission structure indicates that payment terms are reliant on the particular contract chosen.
The assets index includes more than 250 different types of financial instruments, and they are distributed throughout CFDs on cryptocurrency pairings, stocks, commodities, forex, and indices. The index is made up of more than 20 other indices and more than 150 different equities, and it comprises 30 different pairings.
Those that venture into the Foreign Exchange Market are in for a nice surprise in terms of the variety of accessible possibilities. There are standard alternatives available, such as the US dollar vs the euro. However, the unique currency pairs are where the real opportunity lies in forex trading. The Euro vs the Singapore Dollar, the Euro versus the South African Rand, and the US Dollar versus the Mexican Peso are some of the Forex pairs that ET Finance suggests. During times of high volatility, we advise that our readers put their attention on the foreign exchange market. It makes sure that the forex spreads are increased as quickly as possible.
ET Finance assures its customers that their payments solution is reliable and risk-free. The following payment options are available for making deposits: Visa, MasterCard, Maestro, Skrill, and bank transfer. Each each transaction requires a minimum deposit of $250.00. Currently.
The ability to withdraw money from your accounts is a feature that must be present in every online trading platform. As a direct consequence of this, withdrawal requests at ET Finance can be processed using MasterCard, Visa, Maestro, or Skrill. The length of time required to complete a withdrawal might vary from one to five days, depending on the technique that was selected.
Because ET Finance is subject to the regulations of the CySEC Commission, the company is required to follow a number of different procedures in order to protect the confidentiality of its customers. Proxy Firewalls and 551-SSL Encryption are the two that are now operational. A two-factor authentication system will be in place for all withdrawals, thanks to the encryption software, and customers will also be protected by firewalls, which prevent unauthorized access to sensitive information on clients and the financial services they use.
The progression that ET Finance has made in educating its customers is an essential component of the company. As a consequence of this, eight services that supply additional knowledge for trading purposes have come into being as a direct outcome. These include e-books, trading courses, tutorials, and webinars with pertinent and up to current information pertaining to earnings and economic calendars. These may teach clients about upcoming items that are going to be released as well as how these products connect to investment reasons.
It has been a considerable amount of time since the financial markets for foreign exchange, blockchain technology, and cryptocurrencies routinely provided deposit bonuses. As a direct consequence of this, newly enrolled ET Finance traders will not immediately be eligible to enjoy promotional advantages. Silver account holders, on the other hand, will have their spreads and margin stop out percentages increased while Gold and Platinum account holders would have theirs decreased.
ET Finance does not disclose the nations in which it operates; nevertheless, the company does declare that the European Union is its primary target market. This particular market sector is the focus of the vast bulk of the assets that are made available. In addition, because ET Finance is controlled by CySEC, they have clearance throughout the whole European Union. However, this clearance does not extend to North America or the Asian Territories.
The customer service department of ET Finance is fully operational and may be reached Monday through Friday between the hours of 7:00 and 19:00 GMT. E-mail and live chat are two of the ways customers may get in touch with customer service, in addition to a help section that addresses a wide range of topics that are asked often. In addition, assistance is provided in the languages of English, German, Spanish, and Italian.
After registering for an account with ET Finance, users are given access to the company's mobile application. The application is meant to provide traders with access to all platforms, and it can be downloaded straight from the ET Finance website. It is important to point out that customers get access to the same collection of items and assets via the mobile platform; however, only one product or asset at a time may be accessed by the user.
When checking over the evaluations that their customers have left on ET Finance, the overwhelming majority of them have stated that it is a fraudulent exchange and that it ought to be blacklisted. Magnum FX Ltd is the owner of their regulatory approval claim, which is referred to as "CySEC #359/1." Those who have used this exchange to make deposits claim that customer service personnel and contact managers use manipulation tactics to coerce customers into depositing their cash.
Despite the fact that it was claimed that ET Finance paid €12,000.00 of that amount, the company declined further communication with this customer. Due to the fact that there is a wide variety of feedback available online, some of which is favorable while other feedback is bad, it is strongly advised that care be exercised.
A year has passed since ET Finance began operations, during which time the company has rapidly increased the variety of goods and assets it offers to traders. Because of this, the company's brand recognition in the European Union has increased, however the opinions of different people on the company's reputation remain mixed. Regardless of what the customers or analysts think about this transaction, they have distinguished themselves from the competition with the exceptional trading tools and financial resources at their disposal.
Forex Trading services are provided by ET Finance, a foreign exchange broker,
on a variety of trading platforms including MetaTrader 4, MT4 Mobile, and the
web. In terms of the manner in which orders are carried out, ETFinance operates
as an a-book broker. CFD trading is available on a variety of assets through
ETFinance, including currencies, indices, shares, stocks, and commodities. CySEC
is in charge of overseeing ETFinance's operations (Cyprus).
Because the financial and trading business is always expanding and growing, we came to the conclusion that our previous assessments needed to be reworked and brought up to date. In the revised version of our ETFinance review, we will include further information on the broker. We will discuss the components of trading that we believe to be the most significant, such as the different types of accounts, platforms, assets, rules, and any other information that may be relevant, along with other topics.
To get things rolling, we will first go over some of the fundamental general facts concerning the broker. Magnum FX, LTD launched ETFinance in 2018, and the evaluations that we combed the internet for regarding this broker were, on the whole, fairly favorable. In addition, we wanted to look into the matter further and see whether or not the broker had been involved in any unfortunate incidents. On the other hand, we were taken aback to see that there was nothing.
When it comes to our examination of ETFinance, one of the most significant elements that has to be addressed is the rules. Magnum FX is the company that owns the broker, and ETFinance is the core focus of their business. The Cyprus Securities and Exchanges Commission, more often referred to as CySEC, is in charge of regulating them. Our previous business dealings have shown that CySEC is a trustworthy regulator that reduces the likelihood of incurring financial loss.
Additionally, the broker is authorized by MiFID II, which enables them to engage in trading throughout the EU and enhances the level of protection afforded to customers. The following are some additional considerations to make with relation to their safety:
The monies belonging to the customers are kept in separate accounts at reputable financial institutions in Cyprus or the EEA by the broker.
The broker is a recognized participant in the investor protection fund as an official member. Therefore, the cash will be helpful in the event that the corporation is unable to satisfy its financial responsibilities.
This paragraph provides an easy response to the issue of whether or not ETFinance is a scam by stating that they are not perpetrators of any kind of fraud. They have established sufficient policies and processes to ensure the safety of funds.
According to all of our experiences and evaluations, we are able to say with absolute certainty that every broker who offers more than 5 different account types has something more in the works. Either they provide a trading platform that is of the highest professional standard or they do not. The most common number of account categories is three, with features and capabilities ranging from basic to advanced for users of all experience levels. We would also appreciate it if you could evaluate your experience with the trading account type that you are now utilizing and share it with us in the comments section below as part of our evaluations of ETFinance.com.
There are three different account types offered by ETFinance. Silver is at the bottom of the hierarchy, followed by gold, and then platinum.
In addition to that, their Silver account is tailored specifically at new users.
Regarding ETFinance's retail and professional accounts, we would want to incorporate some extra information into our analysis of the company. The leverages and spreads available to retail accounts are capped, but the ranges available to professional accounts are significantly larger. However, professional accounts are not qualified for ICF compensation and do not have any kind of protection from having a negative balance.
They provide the most fundamental and essential benefits to all of its trading accounts, as well as extra benefits to higher tiers of membership on their platform. The majority of brokers operating in this sector adhere to this practice as a norm. However, due to the many account kinds and levels, they do not provide information on their minimum deposits. However, it seems that the minimum deposit required is $250.
MT4, which is also offered by ETFinance, is the most popular trading program currently available. In the event that you are unfamiliar with the MT4, it is the most widely used trading platform currently available. It is actively used by both experienced traders and novice traders alike. In addition, the Web Trader is an excellent platform from which novice traders may get started. Traders at an advanced level are not always excluded from this. Additionally, they will take advantage of the customized cart capabilities made available by ETFinance. In addition, we wanted to include all of the different kinds of platforms and tools that ETFinance offers in our study of the company.
Education, excellent customer service, and flexible payment methods are the three other aspects that, in our opinion, ought to be included. In this part, we will also briefly address them, and then we will go on to our conclusion, where we will provide you with a comprehensive summary of the benefits and drawbacks associated with them.
As part of our evaluation of the educational content offered by ETFinance.com, we will provide a list of the subjects covered as well as any other relevant benefits. Education is a crucial stage along the path to becoming a successful trader. The educational video library that this broker provides is extensive and organized into many levels. In addition, members of ETFinance have simple access to the website's Education page, which has a digital trading library accessible online.
Examining ETFinance's customer assistance is one of the techniques to determine whether or not the company is a fraud. Live Chat assistance is available throughout the normal trading hours from the broker. In addition, the customer service department of the broker is available in both English and Spanish. The following is a list of the many methods you may get in touch with them in case you have any inquiries or urgent concerns.
You may reach us at this number: +8006 003 7004 or +357 25359939
Magnum FX Ltd. is located at 1 Agias Fylaxeos Street in the city of Limassol in the country of Cyprus.
The employees working in customer support are friendly and quick to respond. You may simply request a call back to address any advanced trading queries to account managers that you have as a newbie. If you have any of these inquiries. This comes in helpful while attempting to have a better professional understanding of the business from which one operates.
In our evaluation of ETFinance, it was inevitable that we would discuss the available payment methods. The broker made the technique of withdrawing funds fairly simple and trouble free. Requests to withdraw funds that are submitted on a working day after 11 am GMT will not be handled until the next working day. On the other hand, in accordance with the Withdrawal and Refund Policy of the broker, they have the authority to levy a withdrawal fee of fifty euros if there has been no trading activity preceding the filing of the request to remove funds from the account.
ETFinance is compatible with all of the main credit card brands, including Visa and MasterCard, in addition to Maestro, vPay, Skrill, and a few more options. You also have the option to make deposits through your bank, but the funds from those transactions will take significantly longer to appear in your account. In general, it appears that they provide traders with a sufficient number of possibilities to choose from.
As we saw before in the evaluations, ETFinance offers a remarkable assortment of functionalities. In addition to this, it provides a selection of CFDs and currency pairings to trade on the well-known and intuitive MT4 platform. They are a trustworthy broker, having been licensed and authorized by the Securities and Exchange Commission of Cyprus (CySEC).
ETFinance provides novice investors with a trading account that is devoid of commissions and is both straightforward and easy to use. Trading conditions and spreads that were available were quite attractive. If you are a skilled broker, you will undoubtedly have the ability to take advantage of favorable leverage.
When considering whether or not to trade with ETFinance, we hope that you found this review to be a useful resource. Because this will either be your primary or secondary source of revenue, it is essential that you select the ideal broker for your needs.
We are pleased with the broker, but we are also interested in hearing your opinion on the matter. Please leave your comments and reviews at the bottom of this page so that other traders can benefit from seeing your experience with ETFinance.
In this round of our ETFinance study, we investigate Magnum FX, a trading
name that is situated in Cyprus. They entered the market in 2018, therefore that
makes their debut year. They are under to oversight by CySEC, and at the present
time, they only provide their services to traders located in Europe.
As a trader, you have access to a wide variety of marketplaces that they provide for you to pick from. Trading in currency, metals, indices, stocks, commodities, and cryptocurrencies as contracts for difference (CFDs) are examples of these activities. Additionally, there are no commissions charged for any trades made with ETFinance.
Trading with ETFinance is carried out using a variety of trading platforms from the Metatrader family.
If you are a newbie trader, the broker also provides outstanding support for your requirements by providing a broad choice of educational resources to choose from. Even if you're a seasoned investor, ETFinance is full with materials that may assist you in navigating the markets and making profitable investments. Because of this, the knowledgeable ETFinance review team has decided that they are the most suitable broker for beginning traders.
CySEC, one of the most reputable and well-known regulatory agencies in the world of trade and finance, has placed a strong regulatory emphasis on ET Finance. Regulation by this authority is something that everyone who wants to be recognized as a leading forex broker wherever in the globe strives to get.
Due to the fact that the broker is licensed by CySEC, our ETFinance review team has full trust in the broker's ability to maintain openness and compliance with regulations.
Your money are protected by the Investor Compensation Fund since you are a trader in ETFinance products. This implies that in the event that the broker goes bankrupt, you will have the ability to make a claim for up to €20,000. It also signifies that your cash will always be kept in separate accounts, and ETFinance will not be able to use them to meet any of its operating expenses.
The ETFinance review team came to the conclusion that the broker provides clients with a choice between three unique live trading account kinds. These are appropriate for all levels of traders, from novices to seasoned veterans.
Silver, Gold, and Platinum are the three tiers of ETFinance accounts that are available to customers. Every one of these accounts has a minimum deposit of at least 215 Euros, and they all provide you access to more than 750 different trading assets. This statistic encompasses a staggering 62 different currency pairings available on the forex market.
The members of our ETFinance review team started with a regular account at the silver level. You may anticipate a highly competitive spread beginning as low as 0.07 pips on various assets when you use this account. In addition, you will have access to a leverage ratio of 1:30. (According to CySEC legislation, this leverage represents the maximum that is made available to retail traders.)
The ETFinance gold account is recommended for traders with more extensive expertise. This level of account includes access to a dedicated account manager, spreads that start at 0.05 pips, and leverage that may go as high as 1:500 on professional accounts.
You can finally reach the platinum account tier if you are a frequent trader who does a big amount of business. This level grants you access to all of the features that were previously offered, in addition to providing you with a swap-fee savings of fifty percent, a dedicated virtual private server, and fantastic value spreads beginning at just 0.03 pips.
In addition, over the course of our ETFinance research, we found out that the broker has a demo account that can be used for a trial period of fourteen days. This comes with one hundred thousand dollars in risk-free, fictitious funds for you to trade with. If you get in touch with the broker support staff, they will be able to extend this term for you.
One last thing to keep in mind is that if you want it, every single type of ETFinance account can also be opened in the form of an Islamic account. This has to be clarified by getting in touch with the team that provides customer care.
There is currently no trading incentive available; this is due to the stringent criteria imposed on ETFinance by CySEC, as well as the seriousness with which the company considers its responsibility to comply with these rules.
Our ETFinance review team did note, however, that if your trading volume is high enough and you have established a high portfolio value, or if you have at least one year of experience working in the financial industry, you can apply for access to a professional account. This requirement is in addition to the requirement that you have at least one year of experience working in the industry. If you satisfy the applicable standards, you will receive additional benefits such as increased leverage, cheaper spreads, and other advantages.
The members of our ETFinance review team were relieved to learn that the broker maintains a competitive edge when it comes to fees and the overall cost of trading. This is shown by the fact that the broker does not charge any fee on trades for any of the account types that it offers.
Spreads continue to be quite affordable, starting from as low as 0.03 pips on key markets for platinum-tier accounts, and continuing to be very low with a starting spread of 0.07 pips for regular silver accounts.
Swap costs are deducted from your account balance, but they become increasingly affordable as you level up your trading account. These are assigned on the basis of the particular asset, and the amount assigned to each might change depending on the calculating methodology used.
Unfortunately, the broker review team here at The Motley Fool discovered that ETFinance charges a significant inactivity fee on any accounts that have been inactive for more than sixty days. This price begins at €80 per month and can reach €200 if your account has been dormant for more than 6 months.
The ETFinance analysis conducted by our team discovered that the broker provides access to two major deposit and withdrawal methods. You have the option of depositing money into your account using either a credit card or a bank transfer.
Both approaches offer a high level of protection and are accessible to buyers and sellers located anywhere in Europe. When you make a deposit with a credit or debit card, you may anticipate that the cash will be made accessible to you almost immediately. Bank transactions within Europe are not only highly quick and convenient, but also quite safe. These can occasionally be finished within the same day, but in most circumstances, you should leave anything from two days to five days for the procedure.
There are no fees imposed from the broker's end; however, you should verify the policies of your bank since they may charge a fee for wire transfers.
Withdrawals are normally handled within the same time frames as both of these options, so you may utilize any one of them for that purpose.
Our team that reviews ETFinance brokers was ecstatic to discover that clients get access to the entire suite of MetaTrader platforms when they work with the broker. This offers MT4 as an option for the desktop trading platform, Webtrader for browser-based trading, and the MT4 mobile app so that you may trade while you are on the move utilizing one of the most advanced mobile trading platforms available.
These trading platforms provide you with the very greatest trading experience that can be had, and they have years of expertise in the field to back up their claims. In terms of functionality, they are extensive, and their layout is uncomplicated so as to provide the user with the most streamlined experience possible. You won't have any trouble exploring and comprehending the platforms because they are labeled quite properly.
These platforms also provide a broad variety of technical indicators and charting tools, which may assist in providing you with a more in-depth understanding of the markets in which you are trading. This helps to cut down on the steep learning curve that you face as a novice trader, and if you are an experienced trader, you will already be extremely familiar with the platforms that are mentioned below.
As was previously said, the mobile compatibility of the broker was one of the aspects that our ETFinance broker review team investigated in depth on your behalf. They were ecstatic to discover that both the layout and the functionality of MT4 mobile are very user-friendly, and this made them very happy.
In addition to this, you will find that it is one of the most technically powerful mobile trading platforms that are currently available on the market. It gives users access to the same comprehensive collection of charts, tools, and indicators that are available on the desktop version of the platform.
You can access the MT4 mobile trading platform on your phone or other device by using a straightforward application that is centrally located on your device. This application caters to your trading accounts with multiple brokers within the same application, depending on the login information that you provide.
If you are switching to ETFinance for the first time, this will make the transfer much simpler and provide a much more pleasant experience for you as a user overall.
The training and educational infrastructure that the broker makes available to you as a trader left our ETFinance broker review team with a positive impression.
You have the option of reading articles that are routinely updated and are both informative and well-written, or you can choose to watch a broad variety of video content that covers all aspects of trading. In addition to this, our team was ecstatic to discover a collection of webinars featuring industry experts. These webinars offer instruction on a variety of topics relating to the business.
You can expect to make progress as a novice trader or receive new insights as an expert trader as a result of reading the material in this article.
According to our research on ETFinance, the broker may be reached by telephone, web-based live chat, or email. These are the three distinct communication methods we identified.
The expert broker support team is available via phone five days a week (Monday through Friday) from seven in the morning until seven in the evening GMT. You are welcome to send an email to the team at any time, regardless of whether it is during or outside of these hours. You may also use the web-based chat during these hours, or you can leave a note if you need assistance outside of these hours.
On every front, the team's replies are prompt and professional, and they provide answers that are pertinent to the topics that have been posed. Be aware, however, that the majority of the help is allocated for those traders who have already registered. When you try to sign up for an account, the staff won't be able to offer any assistance because of this, which might be a bit annoying.
You are in luck because even if you are not a registered trader, you are allowed to view the FAQ page. This offers clear and comprehensive information on how to get started, in addition as providing answers to the most typical queries that you may have.
Because they have participated in so many top broker evaluations, the members
of our expert team are quite good at distinguishing between average brokers and
those that truly stand out from the competition. ETFinance is one of these
brokers since they provide a diverse selection of advantageous features that are
designed to be of use to traders like you.
Our team of analysts here at ETFinance was ecstatic to uncover the fact that this broker is subject to stringent regulation by one of the most reputable organizations in the financial industry. They were also impressed by the vast choice of assets that were offered, which indicates that you should be able to discover something that is suitable for you regardless of the trading style that you choose to concentrate on. These assets are also being sold at the absolute best prices that can be found on the market, and there are no hidden costs and no commissions involved in the transaction in any way.
When it comes to trading, you also have access to one of the trading platforms that is considered to be the most reputable in the industry. Additionally, you have a huge selection of useful content from which to choose, which will assist you in educating yourself and growing your capabilities as a trader.
Our ETFinance broker review team is pleased to suggest this broker to all varieties of traders. Furthermore, the sign-up process is simple, quick, and hassle-free, so there is no reason for you not to join up and begin trading right now.
Is ETFinance a broker that is subject to regulation? Yes. CySEC, one of the most reputable regulatory agencies in the business, maintains a strict regulatory framework for ETFinance.
What kinds of accounts are available via ETFinance? ETFinance gives you the option to choose between four different account types, each tailored to the trading activity and volume you engage in. These include the silver account, the gold account, and the platinum account, in addition to a professional account that is reserved for specific trained traders.
Is there a bonus available through ETFinance? No. As a result of the regulatory climate in the EU and the broker's goal to maintain complete compliance at all times, the broker does not currently provide any bonuses.
What is the lowest amount that may be deposited with ETFinance? At ETFinance, the bare minimum deposit required to open an account is €215.
Is it safe to use ETFinance? Yes. In addition to being a reliable and trustworthy platform that uses SSL encryption, ETFinance also keeps customer monies separate from corporate cash.
This assessment of ETFinance has been brought up to date by industry
professionals that have years of expertise in the financial markets, namely in
Forex, CFDs, and Social Trading.
Users in Brazil, the Republic of Korea, Iran, Iraq, the Syrian Arab Republic, Japan, and the United States of America should be aware that the information contained in this ETFinance review does not apply to them because of local rules.
This assessment of ETFinance includes the most recent information that has become available regarding ETFinance.
If you are new to the world of trading online and working with brokers, there are a lot of subtleties that are likely going to be confusing for you. To be successful in the realm of online trading, you need to possess professional analytical abilities and a comprehensive grasp. As you continue to engage in trading, you will eventually become fluent in all of the core ideas of online trading and brokerages. First things first, you need to choose a reliable broker that communicates openly and honestly with you at all times.
If you want to make informed choices in the fast-paced world of financial markets and trading, you're going to need some help. You might be able to cut your losses and boost your profits with the help of a specialized online trading platform for investments that is led by professionals. ETFinance is just one example of this type of broker that might be of use to you. It is essential that you have a comprehensive understanding of ETFinance before you entrust them with your money.
Our comprehensive ETFinance Review will teach you all you ought to know about trading using ETFinance. A reliable broker will not only utilize your initial capital to help safeguard it from any losses but will also offer you with a platform that may assist in the generation of profits. Trading with a brokerage firm that is at odds with your intended returns on investment is not the way to make money if that is your objective.
There is, of course, no foolproof method for guaranteeing earnings; as a result, you need to carefully evaluate your broker before deciding to work with them. The idea that all brokers are equivalent is a widespread fallacy, but in reality, this is not the case. Your money might be put at danger if you make poor decisions right from the start.
ETFinance is a trading partner that has made a successful transition into the field of brokerage. In the following analysis, we have made an effort to compile some of the more significant aspects of ETFinance. Through reading this evaluation, you will be able to determine whether or not ETFinance is a good option for your own finances. For your convenience, we have attempted to break down all of the features and the associated costs.
Who are these ETFinance people? ETFinance is a broker that facilitates online trading and has its headquarters in Cyprus. They provide a variety of tools to facilitate online trading. ETFinance has established itself as a top-tier competitor in the internet trading market since the company first started operations in 2018. ETFinance contains a trading website that is very professional and packed with features, with a particular emphasis on foreign exchange (forex), indices, metals, equities, and commodities.
ETFinance has emerged as one of the leading online brokers that are accessible to the general public over the course of the previous four years.
After beginning operations in 2018, the company has steadily built up a clientele that now numbers more than 10,000 people.
ETFinance is a popular choice among a great number of stock traders. According to the findings of our research of ETFinance, they provide an outstanding platform for automated trading of options. Investors that are looking to diversify their holdings will benefit the most from this product. At ETFinance, social and automated trading options make up the core of the platform.
The use of technology is critically important in the field of ETFinance. Trading is available on ETFinance on MT4, iOS, MacBook, and iPhone. ETFinance is a trustworthy financial institution that operates in full compliance with the rules and regulations set out by the Cyprus Securities and Exchange Commission (CySEC). The vast majority of traders will find value in the remarkable array of instruments that they provide. In-house research can also be obtained through collaborations with outside parties.
As a result of the fact that it enables new dealers to have a more in-depth look at the financial markets, the Trader Resources part of ETFinance is quite educational for new dealers. ETFinance is a broker that is essential for any way of trading that involves a diverse range of financial instruments and caters to traders of all stripes.
ETFinance is a versatile online trading platform that provides traders with a wide range of trading options. These instruments provide a comprehensive coverage of the financial markets. The majority of broker platforms provide a smaller number of investment strategies than ETFinance.
You will be required to make a minimum deposit of $215 with ETFinance in order to participate in trading with them. If you would want to begin trading with ETFinance, you are required to make this deposit. This evaluation of 2022 ETFinance will provide you with precise direction regarding trading with them.
The flexibility of ETFinance is comparable to that of other broker platforms. ETFinance is an excellent choice for investors and traders who seek an affordable and reasonable variety of services. White-label, third-party products are what you can expect from ETFinance's platform selection. Every trader has the option of using MT4, iOS, MacBook, or iPhone.
In conjunction with everything else, ETFinance offers many advantages to novice and experienced traders, and it is something that should be looked at. There is in no way a predetermined minimum amount of time that a transaction needs to be kept open for use. The brokers provide premium client service in which satisfied customers are rewarded with privileges.
There are a lot of unethical brokers out there that try to coerce people into paying more money for worse services. On the other side, ETFinance is more concerned with the amount of trade volume. It is reasonable for dealers to anticipate that the trading circumstances will be fair, honest, and open. The user will have access to an increasing number of rewards according to the quantity of lots that they trade.
Accounts with ETFinance are accessible in every region of the world, and the company offers superior support in every location in which it does business. There are a very small number of countries in which investors do not have access to ETFinance accounts. Traders in the following countries are unable to register an ETFinance account or utilize one they already have:
Brazil, the Republic of Korea, Iran, Iraq, the Syrian Arab Republic, Japan, and the United States of America are the countries in question.
Is It Risk-Free To Invest With ETFinance? ETFinance was established in 2018, and it has been running for 4 years. The company's headquarters are located in Cyprus.
Cyprus Securities and Exchange Commission is the body in charge of overseeing ETFinance (CySEC). The regulations governing these data require that trading platforms have safeguards in place to protect the assets that investors have acquired. Because of this, customers of ETFinance don't often need to be concerned about the safety of their money because it is kept in separate accounts with established financial institutions. The confidential information of each user is protected by SSL encryption as well.
With ETFinance, you have the option to employ Two-Factor Authentication, often known as 2FA, which provides an increased level of protection. Your phone will get a text message containing the verification code shortly. To access any of your accounts, you will need to provide this code as the needed input.
A further cause for worry with relation to the security of online trading brokers is the potential for manipulation of trade. The customers of such sites are going to suffer a significant loss as a result of this. Despite this, it is far more common when it comes to Market Maker brokers who compete with their customers on the stage.
Cyprus Securities and Exchange Commission is the body in charge of overseeing ETFinance (CySEC).
As a company, ETFinance maintains a stringent set of guidelines for trading on its own proprietary platform in order to promote ethical behavior. A secure socket layer, which is the industry standard, is provided by it so that data may be encrypted (SSL).
Client information is not to be disclosed to any other organizations or persons, as mandated by the organization's privacy policies, which prohibit such disclosures. Include your credit history as well as any other relevant financial information.
ETFinance is an established brokerage firm that has been in business for more than four years. They provide a wide variety of alternatives for their client accounts to choose from.
Since 2005, MetaTrader 4, often known as MT4, has been one of the most popular trading platforms found everywhere in the world. It has been used extensively on many financial markets. The MetaTrader 4 program offers a feature-packed, user-friendly interface as well as an incredibly customizable trading environment. These benefits are meant to meet all of your trading demands and improve your trading success. You are guaranteed to be able to monitor your holdings in a timely and cost-effective manner thanks to the charting functionality and powerful order management features.
The MetaTrader 4 (MT4) trading platform's primary purpose was to facilitate foreign exchange (Forex) transactions; however, CFDs and spread betting make it possible to trade a wider variety of financial assets. On any MetaTrader 4 (MT4) platform, you will not be able to trade stocks, indices, commodities, exchange-traded funds (ETFs), or futures unless the underlying asset is a CFD contract or spread bet. When you speculate on price changes using contracts for difference (CFDs) or spread bets, you will not really own any of the underlying assets.
You may begin utilizing the MetaTrader 4 platform with ETFinance in a number of different methods, including through an online web platform, or through an application that can be downloaded for use on Windows PCs, Macs, and other devices. The most recent version of ETFinance MetaTrader 4 is compatible with macOS. Traders can use their mobile devices, such as Android and iOS smartphones, to participate in ETFinance's trading platform.
As more and more investors choose to conduct their business online, MetaTrader 4 has emerged as the most widely used trading platform in the world. You may use your web browser to access the web-based application version of Metatrader 4, which is available for use. Advanced charting, a highly customizable trading environment, trading tools that are simple to use online, and a wide variety of indicators are just some of the features that make the desktop version of MetaTrader 4's web software just as user-friendly as its web-based counterpart.
You may trade with ETFinance either by downloading the ETFinance app or by using the MetaTrader 4 program, both of which are available in the Apple app store.
The ETFinance MetaTrader 4 Program is available for free download from the App Store on your Apple device. Customers of ETFinance have immediate access to the financial markets and the opportunity to totally manage a Portfolio while they are on the move.
Trading on Android Devices Using ETFinance's MetaTrader 4
There are millions of individuals across the world who utilize mobile devices and tablets powered by the Android operating system. ETFinance gives its customers access to the MetaTrader 4 platform on Android-supported devices. This enables ETFinance's more than 10,000 customers to watch the financial market and trade directly from their Smartphones and tablets that run Android. The Android ETFinance MetaTrader 4 application enables traders to take use of many sophisticated trading tools, which in turn enables them to monitor and trade swiftly and easily while on the road, without compromising their safety.
ETFinance requires a minimum deposit of $215 before you can begin trading on the platform. This is a reasonable quantity for individuals who are just getting started. As you go, you'll have the opportunity to create increasingly intricate deposits. However, before spending greater quantities of money, you should make sure that you are well-versed in how to maximize the use of your funds.
ETFinance is a platform for online brokerage, and in general, internet brokerages offer more competitive pricing than traditional brokerages do. This is due to the fact that organizations that offer online brokerage services are scaled better than traditional brokerage firms. That is to say, the quantity of consumers an online broker serves does not always have an impact on the broker's business.
On the other hand, this does not necessarily imply that there are not any fees charged by internet brokers. To generate income, they set prices and rates that range widely for the many services they provide. There are essentially three distinct kinds of costs associated with this activity.
The fees associated with trading should be your primary concern when it comes to costs. Trading costs are deducted from your account every time you execute a real deal, such as purchasing a stock or an exchange-traded fund (ETF). In these situations, you are incurring costs associated with the spread, the financing speed, or the commission. There is a wide variety of trading costs and fees, and these might vary from broker to broker.
Commissions can either be predetermined amounts or they might be tied to the volume of trades. On the other side, the difference in price that exists between purchasing and selling is referred to as a spread. When you keep a leveraged position for more than one day, you will be subject to funding or overnight pricing. These are the charges you will pay.
In addition to the commissions they take on trades, internet brokers frequently tack on fees for other services. These are based on the actions you perform inside your account and how frequently you log in. They will incur fees for activities like as withdrawing money, not investing for extended periods of time, or depositing cash.
ETFinance, in general, does not charge particularly high costs when compared to the fees charged by other online agencies. They either do not charge a brokerage fee for some procedures that other agents do charge for, or they charge a price that is significantly lower. Those that engage in frequent trading, such as on a daily or weekly basis, will find this to their advantage.
However, ETFinance's non-trading costs are far lower than those of its competitors. As a direct result of this, you will incur higher fees on your trading account for actions that do not include trading, such as withdrawals and deposits. These are not connected in any way to the buying and selling of assets.
This review of ETFinance provides you with a comprehensive breakdown of all of the applicable non-trading costs for your convenience.
The ETFinance account allows for the withdrawal of funds at any moment that is convenient for the user. It is possible to draw sums up to the amount that is now available in your account, except the perimeter that has already been spent. It is important to bear in mind that you do not necessarily need to have any money in your bank account at all times.
In addition to this, the money that you withdraw will be redirected immediately to the account that is used for making deposits. Because of this, if you made deposits using a credit card, the money that you withdraw will be charged to the same card. However, if any of your personal data have changed after you made your deposit, ET Finance will ask you to offer alternative withdrawal options.
There is a minimum amount required to withdraw. A conversion charge is something you should be aware of if you plan on withdrawing cash in a currency other than the US dollar. The amount of the conversion charge will be determined by the currency in which you choose to make your withdrawal.
Since ETFinance does not impose inactivity fees, you are free to make use of your account whenever it is convenient for you.
Even though ETFinance does not suggest that you will be charged any fees for maintaining an inactive account, you should nonetheless terminate the account. Fees for lack of activity are levied not just by brokerage firms but also by a wide variety of other financial services.
The type of account you choose will determine whether or not you are charged an inactivity fee for extra trading platforms. The inactivity charge is susceptible to a wide variety of factors, all of which the agent is obligated to disclose in advance in a transparent manner.
There is a possibility that the broker would charge you a deposit fee if you use your bank account to move funds into your trading account. The majority of brokers do not demand an unreasonable amount of money for carrying out this procedure.
When you transfer money into your trading account with ETFinance, you will be subject to a deposit fee.
The ETFinance trading platform makes it easy to deposit funds into your account. To begin the process of adding funds to your trading account, all that is required of you is the completion of a single-user profile survey. If you want to deposit a significant quantity of money, you will be required to provide proof of your identification as well as proof that you live in the area.
As a result of legislative constraints in some countries, ETFinance provides clients with access to a wide variety of trading products. The types of trading instruments that are provided to customers may vary according to the nation in which the customer resides.
Over 150 different financial products are readily available for trading on
ETFinance's extensive platform.
ETFinance provides over 50 different currency pairs for trading, which may be of interest to you if you are interested in currency pair trading.
During the course of compiling this ETFinance evaluation, we investigated the various customer support choices and time frames for responses. Regarding the trading platform provided by ETFinance, difficulties and their appropriate solutions. ETFinance offers customer service in a variety of languages, including English and Chinese, among others.
Could I get a feel for ETFinance? You may very certainly give ETFinance a test drive before making a purchase. Demo accounts are available for use on ETFinance for the benefit of customers who are new to trading. You may strengthen your confidence in the machine, as well as in yourself and the trading tactics you employ, by making advantage of this function.
If you sign up for a demo account with ETFinance, you will immediately have access to a sufficient quantity of digital currency to get you started. The purpose of this is to instill a sense of security and confidence in you until such time as you choose to invest your own money.
You are free to explore in any manner you see fit and for as long as you like when you have a virtual account with ETFinancedemo. You may even open trades, put various trading strategies through their paces, and do much more.
On the main page of their website, ETFinance outlines the steps that must be taken in order for you to engage in real-time stock trading using your sample account.
Is it risky to invest in ETFs? Because we feel that using ETFinance is completely risk-free, you may let go of whatever concerns you have about the platform. It is in accordance with the standards set out by the Cyprus Securities and Exchange Commission (CySEC).
Despite this, ETFinance does not provide guaranteed protection against stop-loss orders.
What is the purpose of ETFinance requesting my passport information? When you sign up for a live account with ETFinance, you will be required to provide a copy of your passport so that the company can demonstrate compliance with the guidelines set out by its regulatory organizations. Because there is a significant amount of money traveling around the world, ETFinance must take precautions to ensure that they do not violate any laws pertaining to money laundering, and one component of this is referred to as KYC (Know your customer). This indicates that ETFinance must, at all times, be fully aware of the parties with whom they are conducting business to ensure that, in the event of an inquiry, they may rest certain that their conduct is entirely legal.
What are the steps I need to take to begin trading with ETFinance? It is really easy to get started trading with ETFinance because of how straightforward the process is. To get started, you will need to register for an account on the ETFinance website. You will be required to fill out information that pertains to the legitimacy and safety of your account. You will almost certainly be required to go through the conventional KYC checks (also known as "Know Your Customer" procedures), although ETFinance is often quite efficient with this.
After you have finished creating your profile, you will be required to make a preliminary deposit before you can begin. A minimum deposit of $215 is required in order to open a live account with ETFinance. Because losses might surpass deposits, you should have a solid "knowledge of" and "hold over" the "details" and "nuances" of online trading before you start trading with real money.
You have the ability to establish an account with ETFinance provided that you are confident in your level of knowledge and comprehension.
Before you put any actual cash at risk, opening a practice trading account with ETFinance is the smartest move you can do to get your trading career off the ground.
What kinds of financial contributions can be made to ETFinance? ETFinance gives you a number of different options to choose from when it comes to funding your account. The procedure is simple and quick, and you have access to a variety of payment ways right at your fingertips.
You have the option of paying with a credit card or debit card, and the accepted brands range from Visa and Maestro to MasterCard and Visa Electron. In addition, you may use PayPal to put money into your account. You really must keep in mind that PayPal is not offered in each and every location. ETFinance will deal in U.S. Dollars, Australian Dollars, Euros, and Great British Pounds.
Neteller, Skrill, Rapid Transfer, and iDeal are some other options for deposit methods that you can utilize. In addition to using internet banking, you also have the option of sending money through wire transfer; however, this process can take anywhere from four to seven days.
Is it secure to keep my money with ETFinance? Your money will not be at risk when you entrust it to ETFinance. You are aware that ETFinance operates in a manner that is in substantial compliance with the regulations. It has put in place a number of safeguards to ensure the safety of all of its investors.
Through the use of SSL encryption, ETFinance safeguards the private and sensitive information of its customers. Your savings will be kept in carefully protected accounts at reputable financial institutions.
You have the option of enabling Two-Step Verification in the event that you choose an additional layer of security for your accounts. It is necessary to get an SMS confirmation in order to activate your account.
Is it a smart idea to trade in ETFs? Trading with ETFinance certainly is an enjoyable and respectable endeavor in and of itself. It is an excellent and user-friendly platform that possesses helpful features designed to make your life easier. In addition to this, you will have access to a huge assortment of instructional resources and helpful substances, which will help you get a head start on developing your trading skills.
In the event that your skepticism persists, you have the option of registering for a free demo account with eToro so that you may judge the legitimacy of the platform on your own.
Which countries does ETFinance provide financial assistance to? ETFinance has operations in a variety of countries. ETFinance does not, however, work with customers originating from Brazil, the Republic of Korea, Iran, Iraq, the Syrian Arab Republic, Japan, or the United States of America owing to regulatory restrictions.
Is ETFinance legit? Since 2018, ETFinance has operated as a legitimate business with its headquarters located in Cyprus. They are under to the supervision of the Cyprus Securities and Exchange Commission (CySEC). ETFinance is a well regarded fintech company that maintains an open and honest business model. You will not be required to pay any concealed expenses and you will not fall prey to any cons.
Is ETFinance a reputable brokerage firm? Many of ETFinance's customers can attest to the firm's excellence as a broker. The lightning-fast order execution that transactions receive is the standout feature of the platform.
You'll notice that the user-friendliness of the platform stems from its well-organized design as well as its numerous laudable features.
Is ETFinance a reliable broker to work with? There is no doubt that ETFinance is a reliable broker. All operations are governed by the highest-level financial authorities. Over 10,000 people who are enrolled with them can vouch for the trustworthy character of the company.
What is the bare minimum required to open an ETFinance account? ETFinance requires a minimum deposit of $215 in order to establish a live account.
How long does it take to withdraw money from ETFinance? The process of withdrawing money from ETFinance often takes place within a few working days; however, the amount of time it takes for the money to show up in your bank account after a withdrawal from ETFinance might take up to seven working days, depending on the withdrawal method you choose.
Is regulation applied to ETFinance? Cyprus Securities and Exchange Commission is the agency in charge of regulating ETFinance (CySEC)
Is ETFinance a prominent broker in the industry? ETFinance is unquestionably one of the market leaders in this field. It provides service for more than 10,000 registered users and has more than four years of knowledge on its record. They are a leading figure in the Fintech movement in addition to being one of the most successful trading platforms in the world.
Its fantastic platform and wide variety of tools and resources, which allow you to participate in the capital markets, are the primary reasons for its standing as the industry leader.
Is ETFinance a con? There is no need to be wary about ETFinance. They are required to abide by the norms of the Cyprus Securities and Exchange Commission (CySEC), as they are regulated by that organization. As a result, it is reasonable to assert that ETFinance is not a fraudulent operation.
Is it possible to earn a living using ETFinance? Many traders are able to significantly increase their income by utilizing ETFinance. Traders, however, run the risk of losing money just like customers of any other type of online brokerage. This fact should not be overlooked. CFDs, in particular, are complicated products that come with a large potential for experiencing fast financial loss owing to the use of leverage. When it comes to trading CFDs with this supplier, 83.88 percent of the accounts held by ordinary investors end up losing money.
This may appear to be a little quantity, but when added together over the course of a complete year, it results in a large number of benefits. Even while ETFinance provides you with all the resources you need to make money, they are unable to promise that you will be successful.
Do you have to pay to use ETFinance? Yes. You are required to make a deposit of $215 before you can begin trading with ETFinance. There are certain commissions that apply while trading extra. You are responsible for bearing the cost of any processing fees levied by your bank.
When was ETFinance initially established? In 2018, ETFinance was established in the country of Cyprus. Cyprus Securities and Exchange Commission is the body in charge of overseeing ETFinance (CySEC).
How many individuals make use of the ETFinance platform? ETFinance is a broker that is recognized all over the world and has more than 10,000 clients.
Where is the main office of ETFinance located? The headquarters of ETFinance may be found in ETFinance.
Does ETFinance provide protection against having a negative balance? No. The protection against a negative balance is not offered by ETFinance. If your account has a negative balance, ETFinance recommends that you get in touch with client services as soon as possible. You are now able to correct any imbalances that exist inside your account thanks to this.
Is there a guaranteed stop loss option with ETFinance? ETFinance, to our sorrow, does not provide clients with a guaranteed stop loss option. ETFinance gives its dealers the opportunity to conclude their trade at the price that they have specified. ETFinance does not, however, provide clients with a guaranteed stop loss option.
Does ETFinance permit the practice of scalping? To answer your question, scalping is permitted on ETFinance. ETFinance is chosen by a number of traders all around the world because of the quality of the trading services they provide. They provide trading on MT4, iOS, MacBook, and iPhone, which is possible thanks to their offerings.
Does ETFinance permit the use of hedges? Hedging is an option with ETFinance, that's for sure.
Does ETFinance allow for the trading of energies? ETFinance allows for trading of energy stocks, thus that option is available to you.
Are transactions involving agricultural shares possible through ETFinance? ETFinance allows for the trading of agricultural equities, therefore yes, you may use it.
Does ETFinance allow for the trading of cryptocurrencies? You are able to engage in bitcoin trading with ETFinance, yes.
Does ETFinance allow for the trading of metals? ETFinance allows for the trading of metals, thus yes, you may use it.
Does ETFinance allow for the trading of UK shares? Yes, you are able to trade shares of UK companies with ETFinance.
Using ETFinance, is it possible to trade US shares? ETFinance allows you to trade US shares, so that option is available to you.
Using ETFinance, is it possible to trade Japanese Shares? Investing in Japanese stocks with ETFinance is possible, yes.
With ETFinance, is it possible to trade German Shares? Investing in German stocks with ETFinance is possible, yes.
Does ETFinance permit money transfers from banks? The answer is yes; ETFinance will take deposits made through bank transfers.
Does ETFinance take credit cards as a form of payment? The use of credit cards to deposit funds is permitted here at ETFinance.
Does ETFinance accept PayPal? No, ETFinance does not accept PayPal.
Does ETFinance support the use of Skrill? No, ETFinance does not accept Skrill.
Is it possible to use Payoneer with ETFinance? Payoneer is accepted as a method of transferring funds to ETFinance.
Does ETFinance take Neteller as a payment option? Unfortunately, ETFinance does not support the use of Neteller.
Is there a way for customers to contact ETFinance via live chat? Live chat help for customers is available from ETFinance, which is a yes.
Does ETFiance offer help for customers over the phone? Telephone assistance for customers is provided by ETFinance, which is a positive feature.
Is there customer help available through email with ETFinance? Email assistance for customers is available through ETFinance, which is a yes.
Which spoken tongues does ETFinance support for communication? Customers who speak English and Chinese are able to contact with and receive help from ETFinance.
Does ETFinance have its own article on Wikipedia? Unfortunately, ETFinance does not have its own official article on Wikipedia.
Does ETFinance provide trial accounts to its customers? Demo accounts are available via ETFinance, allowing you to practice your trading methods without putting any of your own money at risk. Prior to joining up for a real account, novice traders have the option of opening a virtual portfolio account through which they may become more familiar with the many aspects of forex trading and test out some of the services offered by the firm.
Registration number 359/18 issued by the Cyprus Securities and Exchange Commission to MAGNUM FX (CYPRUS) LTD.
ETFinance is a brokerage business that was founded with the intention of giving traders all over the world access to a cutting-edge trading platform and fostering the expansion of trading potential. Originally. ETFinance was established in 2016, and it is a recognized financial investment firm under the laws of Cyprus. The company technically offers trading capabilities to clients located inside the EU as well as clients located outside of the EU.
ETFinance developed its trading solution with the most crucial aspects in mind, those that are absolutely necessary for traders operating at a specific level. Beginner traders are given the warmest welcome and helped with educational resources, while experienced traders will discover a decent alternative for cost strategy together with specialized measures and additional discounts. Traders at both levels are provided with the same benefits.
All of this is further supported by an unrivaled technological foundation, which is essential for providing high-quality performance and includes the well-known trading platforms MT4 and WebTrader as well as good execution via a large number of liquidity providers.
When everything is said and done, ETFinance unquestionably achieves its goal of being a platform that is user-friendly to customers and operates effectively, as seen by the large number of customers it serves and the consistently increasing volume of transactions.
ETFinance offers high-quality trading conditions as well as educational opportunities. Accounts may be started in a hurry, and there are no fees associated with funding them.
Because there are certain fines levied by the regulator, we strongly advise you to do your own research before signing anything. This is one of the unfavorable aspects of the situation.
Since the company's founding, ETFinance has made the conscious decision to navigate the markets in an effective manner using technology that has won several accolades and is already acknowledged as being the most advanced of its type. Despite this, a number of accolades have been bestowed not just on the well-known MetaTrader and WebTrader platforms and the manner in which they function, but also on the ETFinance operating model itself.
While taking everything into consideration, it verifies the high-established standards, which denote that in-depth study and global analytical publications are used to choose the broker type that is considered to be the best dependent on the recognition award.
Is ETFinance reliable or a potential fraud? ETFinance is not a Ponzi scheme; rather, it is a broker that is regulated by CySEC (Read Broker updates below).
Is ETFinance legit? Trade under the name ETFinance is approved and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 359/18. ETFinance is a trading name of MAGNUM FX (CYPRUS) LTD, which has the registration number HE 360548. In layman's terms, this denotes that the broker is legitimate and has been granted the necessary permissions to provide its trading solution within Cyprus, the EU, and beyond as a result of cross-border registrations.
Ultimately, the answer to this question is yes; if you trade with a licensed broker, you are protected by the same regulatory requirements that any regulated company is required to meet. Protection of customers, including the separation of customer money, the application of protection against negative balances, and participation in a compensation system in the event that the broker goes bankrupt.
Additionally, one of the most significant aspects of a regulated broker is that they are continually monitored by the authorities. This reduces the opportunities for fraudulent activity or speculation, and there is never a case of an offshore company, which makes them extremely high-risk brokers.
The amounts of leverage are often determined by a number of different elements. Leverage is a technique that enhances the initial trading size that you are permitted to operate, which can result in the ability to amplify your winnings. However, along with its enormous possibilities, leverage also raises dangers, making it possible to lose and win a larger sum simultaneously. This is because leverage makes it easier to multiply both gains and losses.
Because of this, regulatory authorities place severe restrictions on the use of leverage by retail traders. The reason for this is because the dangers of falling into negative situations are quite great if you do not know how to utilize leverage appropriately.
Therefore, the level of risk is determined by the size of your trading order relative to the amount of exposure to the market that you obtain. Therefore, leverage, which is typically expressed as a ratio, will correspondingly increase your risk as well; consequently, it is always essential to learn how to handle leverage, particularly if you are just starting out in the world of trading.
Since ETFinance is a Cyprus and EU regulated corporation, it is subject to ESMA regulations as well. As a result, the company may provide lower leverage limits, which are also determined by each instrument individually and can be verified directly from the site.
The maximum leverage allowed for retail traders is 1:30 for the major currency pairings and 1:10 for commodities.
As soon as their status has been verified, professional traders can have access to high leverage of up to 1:400 or 1:500.
There are three different categories of ETFinance Accounts: Silver, Gold, and Platinum. These accounts are tailored to traders who are just starting out, those who already have some trading experience, and experienced traders correspondingly. In point of fact, this is a really astute diversification across the traders, given that those three diverse groups do in fact demand various circumstances.
In addition, if you are a trader who adheres to the Sharia belief system, you are entitled to apply for an Islamic account and trade according to the parameters established by the rules, which exclude swaps, large leverage, and other elements.
In general, ETFinance provides access to more than 750 different assets, along with comprehensive account management and cost reductions for more advanced traders as their expertise improves. However, higher grade accounts will also get a free VPS service, as well as news notifications and other tailored solutions.
In the end, you should stick to these straightforward three actions.
Your Live account cannot be activated unless you provide your personal information and trading history.
Create the first down payment.
Get virtually instantaneous access to trade and markets.
Because the market range provides you with the most popular and in-demand instruments, it is certain that using ETFinance will enable you to choose an appropriate asset for trading. There are over 750 Assets available to trade, including Forex currencies, Metals, Energies, Commodities such as Cacao and Coffee, Indices, and a vast range of Cryptocurrencies. Overall, the number of Assets exceeds 750.
Naturally, one of the aspects of this ETFinance review that will be most intriguing to you is the charges and spreads that the broker provides for its various trading solutions. These fees, of course, change based on the type of trading account you use as well as the volume of transactions that you do.
As a result, Silver accounts have minimum spreads beginning at 0.07, Gold accounts have spreads beginning at 0.05 and give a rollover discount of 25%, and Platinum accounts have spreads beginning at 0.03 and offer a swap discount of 50%. Silver accounts have the highest starting fees.
Even on a Silver Account, the spread offered by ETFinance is pleasantly modest and is regarded as being in the middle between low and average ranges. Naturally, higher grade accounts provide better conditions, which are pretty important aspects to take into consideration when selecting a reputable broker to conduct trades with.
Let us reiterate that ETFinance does not impose a commission fee, but instead bases its prices only on the differential between bid and ask prices.
In addition, in the event that you maintain a position for more than one day, you should always be sure to compute the SWAP or Rollover cost. In general, this fee is -40.73 for long positions and -39.63 for short positions in the EUR/USD pair; however, Gold and Platinum accounts come with lower rates as part of the package.
As a certified broker, ETFinance ensures that its money management practices are compliant with regulatory standards and adhere to established safety protocols. As a result, if you are unsure about any of the methods, you should not be afraid to verify them with customer service and then proceed with the steps.
You may fund your ETFInance account with the most common bank wire transfer, credit cards, or the e-wallet service Skrill. These are all options that are available to you. Always double check with customer care before initiating any transfer; this will ensure that the money is processed efficiently and without any hiccups.
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Skrill, Wire Transfer, Credit Card, and Debit Card Payments Are Accepted. You won't have to pay any commissions because there are no fees associated with deposits, which is another wonderful perk; however, you should always clarify this with your payment provider or the bank itself.
The Silver account at ETFinance requires a minimum deposit of EUR100. Because it is intended for traders who have greater expertise, a higher grade account will demand more money.
ETFinance withdrawal adds no fees for withdrawals and allows Bank Wire and Cards as withdrawal options. However, being a European firm, check with your payment provider to see if any fees will be involved as other jurisdictions may apply different rules. ETFinance withdrawal adds no fees for withdrawals and allows Bank Wire and Cards as withdrawal options.
When you trade with ETFiance, you will have the option of utilizing either a web-based version of the trading program or a well-known version of MetaTrader4, both of which come with all of the perks included.
There is just a limited selection of platforms available, but most traders find that the robust features of MT4 satisfy all of their requirements, regardless of whether they are experienced professionals or complete novices.
With WebTrader, you may access trading software without having to install or program anything on your personal computer, despite the fact that WebTrader is a Web Trading platform that is plainly built on the MT4 engine. Additionally, this implies that you may access trade from any device just by subscribing to your trading account through your browser, which results in trading having a great deal of accessibility.
Although Web Trading platforms are simple to use and offer a wide choice of trading instruments, they are always restricted in the degree to which they can be customized. If you need thorough trading portfolio changes and specifications, you might consider using the desktop version instead.
Desktop versions of the platform are available for both iOS and Windows, making it compatible with a wide range of operating systems. MetaTrader4 is well-known for its many useful capabilities and does not demand an excessive amount of explanation. Nevertheless, we would like to highlight once more the excellent charting capabilities and different layout options that it provides.
Also, ETFinance does not impose restrictions on trading techniques, which means that you are free to trade either manually or to use copy trading, either set your robot using popular EAs that can be downloaded or purchased from the marketplace.
You will most certainly take pleasure in the straightforward appearance and feel of the platform, as well as its simple navigation and user-friendly layout. A wide range of "looks" and modification features are also available, in addition to the ease with which several indicators and analytical tools may be configured and personalized.
There is also the mobile app available, which, in addition to being easy to operate, provides users with access to a comprehensive set of features. MT4 mobile not only allows you to fully manage your account but also provides a wide variety of charting features and customisation options, all of which are ideal for mobile trading.
You may get assistance from the customer care team at ETfinance by contacting them by live chat, email, or phone in a variety of languages. However, customer assistance is only available during business hours (GMT 7:00–19:30) and only throughout the week (Monday–Friday).
ETFinance offers a variety of educational and analytical resources, including a substantial collection of trading videos, as well as courses, webinars, and tutorials, in addition to publishing articles on a consistent basis. In addition to an endless demo platform, you'll be able to practice trading methods and put the systems to the test, which is unquestionably a useful feature that may benefit different kinds of traders.
If you're just starting out as a trader, education is one of the most important considerations you should make when choosing a broker; taking this into account, ETFinance earns a favorable note here as well.
In general, ETFinance offers high-quality trading together with a high level of flexibility throughout its trading platforms, conditions, and products. ETFinance is controlled by the European CySEC, which ensures that it complies with the MiFID legislation. This is another important factor. ETFiance provides high-tech access to a variety of instruments and markets on the widely used MT4 platform, which is designed to accommodate day trading, auto trading, or the trading strategy of your choice. Another positive aspect is the availability of education and support resources that are appropriate for newcomers.
The Financial Conduct Authority in the UK has just just issued a warning to Magnum FX after discovering that the broker was engaging in improper trading methods and aggressive marketing promotion in the UK.
Despite the fact that Magnum FX is a broker that is regulated by CySEC, the Financial Conduct Authority (FCA) believed that the company had acted in a manner that was contrary to its MiFID obligation, as well as used misleading marketing and promotion strategies, which resulted in a large number of complaints. As a result of this, Magnum FX and ETFinance have been ordered to shut down and are prohibited from offering any financial investment services to people living in the UK.
Residents of the United Kingdom cannot get regulated financial services from Magnum FX Ltd., as this is against the company's policy. - The FCA warns, for further information see the official warning website.
ETFinance is a type of online CFD broker that provides investors with the
opportunity to trade in many different marketplaces. MAGNUM FX (CYPRUS) LTD, a
company that was authorized and regulated by the Cyprus Securities and Exchange
Commission (the "CySEC"), owns and operates the platform, which has its
headquarters in Cyprus. However, this ETFinance has had its license revoked, and
as a result, it is no longer a regulated platform.
This evaluation of ETFinance will cover all the significant components of the platform, giving you with the information you need to make an educated choice about whether or not to use it.
It is essential to have an understanding that contracts for difference (CFDs) are intricate financial transactions that carry a significant level of risk. Because of the leverage, there is a greater possibility that traders may quickly lose their money while engaging in CFD trading. When it comes to trading CFDs with ETFinance, 81 percent of the accounts held by ordinary investors end up losing money. Before investing in such products, you need to be sure that you fully comprehend how contracts for difference (CFDs) operate and that you are in a financial position to withstand any potential losses.
ETFinance provides its users with three distinct trading platforms, each of which is designed to meet the specific requirements of a certain type of trader. The WebTrader platform is accessible over the internet and may be used with any web browser that is compatible with it. This platform provides a wide range of technical indicators as well as several trading choices, in addition to providing a superior trading experience. It comes with a very user-friendly interface, which you can easily become accustomed to by using the sample account, which is accessible for a period of 14 days after you have registered for an account.
If you are already familiar with the widely used MetaTrade 4 platform, ETFinance provides you the chance to continue using it while trading on its terms, allowing you to capitalize on your previous knowledge. The MT4 platform is accessible on desktop computers as well as mobile devices, and it provides users with a broad variety of charting and analytical tools in addition to user-friendly trading alternatives such as auto trading.
The mobile trading application is the third type of trading platform that is offered by ETFinance. This program may be downloaded by users of both Android and iOS. The mobile app offers an engaging user experience that is completely free to use and allows you the option to trade in a convenient manner while you are on the go.
You have the ability to trade a wide choice of Contracts for Difference across each of these three trading platforms (CFDs). Traders have the chance to profit from an asset's price changes through the use of these financial instruments; however, they do not need to actually acquire the asset in order to do so. Because of this, deals may be executed more quickly, and there is no longer any requirement to safely keep the item before it is sold.
ETFinance provides you with the option to trade not only CFDs in cryptocurrencies, commodities, and FX but also forex, a range of equities, ETFs, and a number of commodities. In addition, you may trade CFDs in commodities and currency. You are able to engage in direct trading of all of these markets and instruments if you use any one of the three trading platforms that are provided by the broker.
Because customers are unable to purchase or sell cryptocurrencies directly through ETFinance, the platform does not provide them with a cryptocurrency wallet. The platform is only able to take traditional fiat currencies like the Euro and the British Pound, both of which are stored in separate accounts at banks or other financial organizations. When you enter into a new trading position or exit an existing one, the requisite funds are either removed from or added to this wallet.
The present version of the ETFinance website is not particularly user-friendly, and it might be challenging to locate certain information. This is quite sad, since it will leave new users with a negative first impression. Finding out the trading costs for any market is really challenging since there is neither a frequently asked questions website nor a support center to guide you. You will be required to create an account and then authenticate that account before you will be able to access information on the payment methods and costs that are relevant to your individual profile.
On this particular platform, you have the option of opening any one of three different accounts: Silver, Gold, or Platinum. Each account is tailored to a certain kind of trader and comes with a unique set of features, choices, and instruments.
The procedure of establishing a brand-new account with ETFinance is really simple. Because the platform is subject to regulation, it is required to adhere to a set of Know Your Customer (KYC) requirements. This indicates that in order to validate your account, you will be required to submit a variety of various types of paperwork.
The following steps are all that are required to create a new account on ETFinance:
To create an account, go to the website and locate the button labeled "Open account >>" in the middle of the page.
To create an account, you will need to provide some information, such as your name, email address, and cell phone number. To proceed, click the "Continue" button.
Please include your birth date and the address where you now reside. Simply press the "Continue" button.
The pop-up for address verification will display shortly. After ensuring that your address is right, you should click the button that says "Proceed." If this is not the case, click the "Change Address" button to make the necessary adjustments.
In order to complete the Know Your Customer (KYC) procedure for the platform, you will need to answer the three-page questionnaire. Simply clicking the "Continue" button will take you to the next page.
You will need to upload the papers titled "Proof of identification" and "Proof of residency." To proceed, click the "Continue" button.
Choose the payment type that works best for you, then proceed with the on-screen instructions to complete your first deposit.
After you have finished the sign up procedure, you should receive an email from the ETFinance team requesting you to verify your email address by clicking on a link in the email. This email should be sent to the address that you provided during the sign up process.
If you want to log in to your ETFinance account at any time, these are the steps you need to take:
Go to the website and in the upper right-hand corner of the page, you'll see a button labeled "Sign In." Click on it.
After you have entered your email address and password, click the "Log In" button.
If you have forgotten your password, you can reset it by clicking the link that says "Forgot Password?" and then following the steps that appear on the screen.
In order to authenticate a user's account, ETFinance needs the user to provide documentation proving their identity as well as their place of residence. This technique helps guarantee that all users on the site are real, hence reducing the danger of fraudsters taking advantage of the situation. You will be required to upload the following in order to validate your account:
Documentation attesting to your identify, such as a driver's license, a passport, or another kind of official identification
Documentation proving your current address, such as a bank statement, a residence certificate, or a utility bill is required.
Documentation of the payment, such as a copy of the credit card or a declaration of deposit
The ETFinance staff will make every effort to complete the verification of successful accounts and the review of supporting documentation within two business days. Nevertheless, it can take longer at peak times due to the increased demand.
Purchasing Bitcoin CFDs on ETFinance is a simple and straightforward process, regardless of whatever trading platform you want to employ. To purchase Bitcoin CFDs, you would generally follow these steps; however, the particular instructions that you need to follow may change depending on which of the three platforms you choose to use.
Select Bitcoin from the drop-down menu in the Market Watch box. When you choose it with your mouse, the chart associated with it will appear in the window to the right.
Select "New Order" from the drop-down menu, and then fill out the necessary fields. This includes establishing the automatic limits for 'Stop Loss' and 'Take Profit,' which can safeguard you from losing a significant amount of your capital in the event that the price abruptly reverses direction.
Click either the "Sell" button to short sell your Bitcoin CFDs or the "Buy" button to take a long position in order to make your order.
If you want to cash out on ETFinance, all you need to do to end an open trade is the following when you are ready to do so:
On the trading interface, select the "Trade" option to get started.
You should right-click on the open transaction after you've located it.
Choose "Close Order" from the submenu that comes after the drop-down menu has been shown.
To withdraw your money, use the "Close" button.
Following the closure of your position, monies will be placed into your account. These funds can then be transferred to your bank account via a bank transfer or another means of your choosing. When closing a trade, the only cost that is taken into consideration is the corresponding spread.
It is a point of pride for ETFinance that it does not charge its users any commission fees, regardless of whether they are trading bitcoin CFDs or any of the other markets that are offered by the platform. Although the pricing structure of the firm is not difficult to understand, it is difficult to obtain, particularly for those who are not enrolled with the company. The following is a guide that will help you understand the fees associated with the platform:
The difference in price between buying and selling an item is referred to as the spread. This expense is incurred each time a transaction is opened, as well as each time it is closed. CFDs that are based on cryptocurrencies are subject to a variable spread that has a minimum value of 0.03 pips.
Currency Conversion Any funds that are denominated in a currency that is different from the base currency of your account will be converted to the base currency of your account, and you will be charged a fee for the currency conversion. This charge adjusts itself according to the changing value of the currency.
The Daily Holding Cost is a cost that is deducted from your account each night that your position is held and is referred to as SWAP. This indicates that the longer you maintain a position, the higher the cost will become for you.
ETFinance, in contrast to a good number of its rivals in the industry, does not levy any fees on deposits or withdrawals, with the exception of dormant or infrequently-used accounts. In a similar vein, there are no fees assessed for payments made using bank transfers, credit cards, or debit cards. However, there is a possibility that the bank will assess a fee for such transfers.
Every currency pair has its own individual trading limitations, which are displayed in the confirmation box once an order is placed. Because of the stringent licensing requirements imposed by the platform, you are need to wait for the verification of your account before establishing any positions.
When making deposits, ETFinance needs a minimum amount of €215 to be placed, and this requirement applies regardless of the payment method used. Maximum deposits are different for each method. In general, the restrictions that apply are determined by the kind of payment method and the payment provider that is utilized. The lowest amount that may be withdrawn via a wire transfer or credit card is €50, however there is no upper restriction on withdrawals other than those placed on the customer's own account or card.
ETFinance allows a wide selection of user-friendly payment options, which makes it possible to conduct transactions in an atmosphere that is both safe and secure. Depending on where you live, you may be able to take advantage of the following:
Electronic wallets like Neteller and Skrill Debit and credit cards like Visa and MasterCard Electronic wallets like Neteller and Skrill Bank transfers like SEPA, SWIFT, and Trustly. ETFinance will provide you with information on the minimum and maximum deposit limits that are relevant for each supported payment method.
Given that the broker is still in its infancy and there are not many evaluations available, it is challenging to gain a picture of the customer service offered by the platform. Users who register a Gold or Platinum account with ETFinance are guaranteed to be assigned a dedicated account manager who will assist them with any questions or concerns they may have with their account. Traders who have reached the Silver tier are eligible to use a live chat feature that is accessible from 7:00 am to 19:00 pm GMT, Monday through Friday. You also have the option, as a registered user, to submit a ticket directly through the user interface that you have access to.
Comparing eToro to ETFinance, it is possible to purchase genuine digital currency with eToro, including Bitcoin. The eToro site is equipped with a helpful function called CopyPortfolio, which gives users the ability to automatically imitate the trades being conducted by other successful traders. Although eToro does impose a set withdrawal fee, ETFinance does not, the former offers a pricing structure that is far more user-friendly and transparent than the latter does.
Plus500 specializes on providing Contracts for Difference, whereas ETFinance provides clients with access to a larger range of financial products. ETFinance is a competitor of Plus500. The spreads on both platforms are flexible, and neither site charges commissions; nevertheless, only Plus500 provides a transparent and well-organized pricing scheme. Plus500 allows customers to use the sample account whenever they choose, as opposed to ETFinance's restriction that it must be used within the first 14 days of opening an account. Both ETFinance and Plus500 are registered financial companies and are participants in the Investor Compensation Scheme.
Both ETFinance and IQ Option provide access to comparable markets and financial instruments; however, IQ Option has a substantially lower required minimum deposit amount and enables customers to make payments via PayPal. In addition, IQ Option provides customer service around the clock as well as access to a free sample account at any time. This is in contrast to ETFinance, which has a restriction of 14 days on the use of this particular product.
ETFinance is a relatively new brokerage platform, and there is a great deal of room for improvement within the platform. Most significantly, this platform has had its license revoked. However, it has already shown to be worthy of investors’ attention, having won an award itself and having also partnered with an award-winning trading platform. Traders can look forward to accessing a variety of markets through several financial instruments. This is all available with some of the lowest fees in the industry.
Sites like ETFinance in the UAE
Here is a list of quality Forex, CFD, Stock and Crypto Brokers for new and professional traders living in the UAE:
- Olymp Trade - People simply love this one (Olymp Trade Review)
- Binance - World's largest cryptocurrency e-wallet and exchange that also has an online trading platform, where their members can invest or trade in virtually hundreds of cryptocurrencies and new tokens. (Binance Review)
- IG Markets UAE - UK broker located at Tower 2, Level 27, Al Fattan Currency House, DIFC. (IG Markets UAE Review)
- City Index Middle East - London-city broker with a branch in the UAE. (City Index Middle East Review)
- eToro - Social trading platform, but much better options are available out there. (eToro Review)
- Swissquote - It's a Swiss bank that offers an online trading platform for forex and CFD trading. (Swissquote Review)
- easyMarkets - Israeli brand that is big all over. (easyMarkets Review)
- Forex.com - Google ranks them in the top 10 for the term "forex". (Forex.com Review)
- Plus500 - UK brand that has its own platform, OK for CFDs, with mediocre reviews. (Plus500 Review)
- AvaTrade - Regulated by ADGM's Financial Services Regulatory Authority (FSRA) in Abu Dhabi. (AvaTrade Review)
- FXCM.com - Oldest brand when it comes to retail online forex trading. (FXCM.com Review)
- Mashreq Neo - An online trading platform provided by Mashreq Bank. (Mashreq Neo Review)
- ForexTime (FXTM) - Owned by Andrey Dashin from the Alpari broker fame. (ForexTime FXTM Review)
- Noor Capital - Licensed and Regulated by the UAE Central Bank and SCA. (Noor Capital Review)
- XM.com - XM broker is big in Africa and South East Asia, and now promoting themselves hard in the UAE. (XM.com Review)
- Saxo Bank - Danish Investment Bank with a long history of catering for premium forex investors. It also provides crypto trading facility. (Saxo Bank Review)
- Pepperstone - Originally Australian, but licensed locally by Dubai Financial Services Authority. (Pepperstone Review)
- CMC Markets - UK-based broker that is popular among CFD traders. (CMC Markets Review)
- ETX Capital - UK broker that has a decent reputation among Arab investors. (ETX Capital Review)
- Interactive Brokers - American online-trading broker that is expanding into Asian and Arab markets nowadays. (Interactive Brokers Review)
- Rakuten Securities - Japanese broker that usually looks out for large institutional investors. (Rakuten Securities Review)
- Dukascopy Bank SA - Swiss bank that offers online forex trading on its own proprietary platform. (Dukascopy Bank SA Review)
- IQ Option - It's a below-average broker with no Dubai office, but does have a toll-free virtual number for UAE: 800 032 0891 -> No Arabic, English only. (IQ Option Review)
Reviewed by Arpita Singh
Arpita Singh is the main writer at ForexBroker.ae. As a senior investment professional with 10+ years of experience working at top-tier Private Equity and Sovereign Wealth Fund; she is also responsible for fact-checking concepts, reviews, and related details about brokers and exchanges listed on this website. Full Bio.