67% of retail investors accounts lose money

Platform MT4, WebTrader
CySEC (Cyprus)

ETFinance Forex Broker Review

Find out why we recommend BDSwiss over ETFinance.


Established in 2018, ETFinance is an online trading broker with a registered office in Cyprus and ? according to the brand ? more than 10,000 customers worldwide.

It offers a comprehensive range of trading options, from forex and stocks to commodities, indices and CFDs. ETFinance also offers its traders access to the cryptocurrency market.

The firm is regulated by CySEC, and also falls under the jurisdiction of the MiFID II regulatory framework.

Offering of Financial Investments

The ETFinance trading offer includes more than 50 major, minor and exotic currency pairs, as well as a selection of 150+ stocks from major global corporations and smaller, independent businesses.

  • Forex trading
  • Stock trading
  • Indices
  • Commodities including energy, metals and agriculture
  • CFDs
  • Cryptocurrency

ETFinance Trading Account Types

There are three generic trading accounts available at ETFinance: Silver, Gold and Platinum.

The Silver account has a minimum spread of 0.07 and a maximum leverage of 1:30, with 10 hours of customer support available per day.

The Gold account offers higher leverage and a dedicated account manager, as well as hedging and a 25% swap discount option.

The Platinum account has all of the above but with minimum spreads of 0.03 and a swap discount of 50%.

Islamic accounts are available, and there is also an ETFinance demo account option.

ETFinance Commission and Fees

There are no commissions charged at ETF Finance, so any profit made from trades is yours to keep.

However, spreads are variable ? depending on your account type ? and, generally speaking, these are 2-3 pips on the major forex pairs.

There are also deposit fees and inactivity charges.

ETFinance Platforms and Tools

ETFinance solely offers MetaTrader 4 (MT4) to its customers, via the desktop trading platform or via the dedicated app.

Traders can access a number of trading indicators and charts, and one-click trading is also available on most assets and instruments.

ETFinance Research

There is a treasure trove of content at ETFinance for new and experienced traders alike.

There are stacks of video tutorials, articles and eBooks, as well as educational webinars and a continuously updated economic calendar.

You can also learn about various strategies, from hedging and scalping to passive and day trading.

ETFinance Mobile Trading App

The ETFinance app is available on both Android and iOS devices, and features real-time market monitoring and one-click actions for opening and closing positions.

You can view a number of different charts, including candlesticks and line graphs, and the app offers a selection of trading indicators.

Should I trade with ETFinance?

In this ETFinance review, we have discovered that the brand is regulated and trustworthy, and offers a comprehensive array of trading options.

With no commission charged and a quick-fire deposit and withdrawal process, ETFinance is a solid choice for beginner traders and more advanced individuals alike.


  • Good range of tradeable assets
  • 24/5 customer support
  • Dedicated app available
  • Plenty of research and educational content


  • No support for MT5
  • Currently no welcome bonus available
  • Minimal advanced trading features


How to use ETFinance

After opening an account with ETFinance on its website, you will need to verify your identity with a valid form of ID (passport or driving licence) and a utility bill or bank statement as proof of address. Use your ETFinance login to access your account and make a deposit. Download the desktop trader software (or the mobile app) and you are good to go.

Is ETFinance regulated?

ETFinance is regulated by CySEC, which proves that it is a legit endeavour. There is also the EU’s MiFID II legislation, which has helped to minimise the number of scam brokers around. Because it doesn’t offer its services to UK traders, ETFinance does not fall under the powers of the FCA.

Who is ETFinance?

Established in 2018, ETFinance offers its customers access to the most popular stock markets worldwide, as well as forex, commodities, indices and much more. The broker’s head office is registered in Cyprus, and it is the official sponsor of the Real Madrid basketball team.