ETFinance broker Accounts

etfinance Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

etfinance Account Types Explained

ETFinance offers several account types tailored to different trading needs and experience levels. Below are the primary account types available:

1. Silver Account

• Minimum Deposit Requirement: $250
• Spread/Commission Structure: Variable spreads starting from 0.07 pips.
• Leverage Options: Up to 1:30 for retail clients.
• Key Features: Basic trading tools, access to customer support for 10 hours a day.
• Target User Profile: Beginners.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

2. Gold Account

• Minimum Deposit Requirement: $10,000
• Spread/Commission Structure: Variable spreads starting from 0.05 pips.
• Leverage Options: Up to 1:400 for professional clients.
• Key Features: Dedicated account manager, 25% swap discount, and advanced trading tools.
• Target User Profile: Intermediate traders.
• Trading Instruments Available: All instruments available in the Silver account, plus additional features.

3. Platinum Account

• Minimum Deposit Requirement: $50,000
• Spread/Commission Structure: Variable spreads starting from 0.03 pips.
• Leverage Options: Up to 1:500 for professional clients.
• Key Features: All features of the Gold account, plus a 50% swap discount and priority customer support.
• Target User Profile: Advanced and professional traders.
• Trading Instruments Available: Comprehensive access to all trading instruments.

4. Islamic Account

• Minimum Deposit Requirement: $250 (same as Silver account).
• Spread/Commission Structure: Similar to the Silver account but without swap fees.
• Leverage Options: Up to 1:30 for retail clients.
• Key Features: Swap-free trading in compliance with Sharia law.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Same as the Silver account.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: N/A (simulated trading environment).
• Leverage Options: N/A.
• Key Features: Unlimited access to practice trading strategies without financial risk.
• Target User Profile: All traders, especially beginners.
• Trading Instruments Available: Same as live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Silver Account
• Intermediate: Gold Account
• Advanced: Platinum Account
• Muslim Traders: Islamic Account
• All Levels: Demo Account

Detailed etfinance Account Features

Comparison of Features Across Different Account Types

Advantages of Each Account Type

• Silver Account:

• Low minimum deposit.

• Ideal for beginners.

• Access to essential trading tools.

• Gold Account:

• Higher leverage for experienced traders.

• Dedicated account manager for personalized support.

• Additional trading features and discounts.

• Platinum Account:

• Lowest spreads available.

• Highest leverage options.

• Priority customer support.

• Islamic Account:

• Compliance with Sharia law.

• No swap fees, making it suitable for Muslim traders.

• Demo Account:

• Risk-free trading environment.

• Unlimited access for practice.

• Ideal for testing strategies.

Disadvantages of Each Account Type

• Silver Account:

• Limited features compared to higher-tier accounts.

• Lower leverage options.

• Gold Account:

• High minimum deposit may be a barrier for some traders.

• Not suitable for absolute beginners.

• Platinum Account:

• Very high minimum deposit requirement.

• May not be accessible for casual traders.

• Islamic Account:

• Limited to Muslim traders only.

• Similar features to the Silver account without swap fees.

• Demo Account:

• No real financial gains.

• Limited to virtual trading experience.

etfinance Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries, but specific restrictions may apply.
• Prohibited Countries: Not available in certain jurisdictions (specific countries not listed).
• Identity Verification Documents Needed:
• Government-issued ID (passport or national ID).
• Proof of income (payslip or tax return).
• Proof of Residence Requirements: Utility bill or bank statement showing the applicant's name and address.
• Additional Documentation for Professional Accounts: May require additional financial documentation to verify trading experience.

KYC/AML Compliance Procedures

ETFinance adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations to ensure the security and legitimacy of its operations. This includes verifying the identity of all clients and monitoring transactions for suspicious activity.

Verification Time Frames

• Account verification typically takes 1-3 business days, depending on the completeness of the submitted documents.

etfinance Account Opening Process

Step-by-Step etfinance Account Opening Guide

1. Visit Website: Go to the official ETFinance website.
2. Click Registration: Locate and click on the "Register" button.
3. Personal Information Entry: Fill out the registration form with your personal details.
4. Choose Account Type: Select your preferred account type (Silver, Gold, Platinum, Islamic, or Demo).
5. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
6. Document Upload: Upload the required identification and proof of residence documents.
7. Account Verification: Wait for the verification process to be completed.
8. Fund Your Account: Deposit the minimum required amount to activate your trading account.
9. Start Trading: Once your account is funded, you can begin trading.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, although the mobile interface may have a more streamlined design for easier navigation.

Common Registration Issues and Solutions

• Issue: Document upload failure.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Account verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

Typically, account approval takes between 1-3 business days, depending on the completeness of the documentation provided.

How to Upgrade/Downgrade Account Types

To change your account type, contact ETFinance customer support to request an upgrade or downgrade. Additional documentation may be required for professional accounts.

etfinance Demo Account Guide

Demo Account Features and Benefits

• Features: Unlimited access to practice trading, risk-free environment, and all trading instruments available in live accounts.
• Benefits: Ideal for beginners to learn trading strategies without financial risk.

How to Open a Demo Account

1. Visit the ETFinance website.
2. Click on "Open Demo Account."
3. Fill out the required information.
4. Start trading with virtual funds.

Demo Account Limitations

• No real financial gains can be made.
• Limited to virtual trading experience without actual market exposure.

Virtual Balance Amount

The demo account typically comes with a virtual balance of $10,000 for practice trading.

Demo vs Live Account Differences

• Demo Account: Simulated trading environment with virtual funds.
• Live Account: Real trading with actual funds and market conditions.

Duration/Expiry of Demo Accounts

Demo accounts typically remain active for a limited time, often around 30 days, but may be extended upon request.

etfinance Islamic Account Details

Swap-Free/Islamic Account Availability

ETFinance offers an Islamic account that complies with Sharia law, allowing Muslim traders to engage in trading without incurring swap fees.

Eligibility Requirements

To qualify for an Islamic account, traders must provide documentation confirming their religious beliefs.

Differences from Standard Accounts

The Islamic account has no swap fees, while other accounts may incur swap charges based on overnight positions.

How to Apply for Islamic Account

To apply, select the Islamic account option during the registration process and provide the necessary documentation.

Restrictions or Special Conditions

Islamic accounts may have specific trading conditions that differ from standard accounts, primarily concerning swap-free trading.

FAQs – etfinance Account Types & Opening

1. What account types does etfinance offer？

• ETFinance offers Silver, Gold, Platinum, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Silver: $250, Gold: $10,000, Platinum: $50,000, Islamic: $250, Demo: N/A.

1. How long does etfinance account verification take？

• Verification typically takes 1-3 business days.

1. Does etfinance offer demo accounts？

• Yes, ETFinance offers a demo account for practice trading.

1. Can I have multiple account types with etfinance？

• Yes, you can hold multiple account types, but you may need to contact customer support for assistance.

1. Does etfinance offer Islamic/swap-free accounts？

• Yes, ETFinance offers Islamic accounts that are swap-free.

1. What documents do I need to open a etfinance account？

• You need a government-issued ID and proof of residence.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.