ETFinance Forex Broker

Note: ETFinance's official website: https://cfd-trading.lp-etfinance.eu/ is currently inaccessible normally.ETFinanceReview SummaryFounded2018Registered Country/RegionChinaRegulationCySEC (Suspicious clone)Market InstrumentsForex pairs and CFDs on soft commodities, cryptos, stocks, indices, metals and energiesDemo Account✅LeverageUp to 1:30SpreadFrom 2.0 pips (Standard account)Trading PlatformMetaTrader4, WebTrader, MobileTraderMin Deposit/Customer SupportEmail: support@etfinance.com6 languages supported on the website ETFinance was registered in 2018. It provides forex pairs and CFDs for trading with leverage up to 1:30 via the most popular trading platform - MT4. However, its regulatory license is a suspicious clone, and the contact methods are limited.Pros and ConsPros Cons Various trading instrumentsSuspicious clone regulationPopular trading platform MT4Wide spreads on the Standard accountNo info on minimum depositLimited contact methodsIs ETFinance Legit?Regulatory AuthorityCyprus Securities and Exchange Commission (CySEC)Regulatory Status Suspicious CloneRegulated by CyprusLicensed Institution MAGNUM FX (CYPRUS) LTDLicensed TypeStraight Through Processing (STP)Licensed Number359/18 ETFinance's regulation is suspicious clone. It was registed in China, but it shows regulated bt Cyprus. Besides, the email address and website are different. Traders should be careful.What Can I Trade on ETFinance?Tradable Instruments Supported Forex✔CFDs✔Soft Commodities✔Metals✔Energies✔Indices✔Stocks✔Cryptos❌Account Type ETFinance offers four account types: Bronze, Silver, Gold and Platinum. Islamic accounts are also provided.Leverage ETFinance's leverage is up to 1:30. Though the leverage is low, traders should know investing more can have two results: gain more or loss more.Spreads and Commissions The spread of ETFinance varies by the accounts. And the Bronze account shows 0% deposit commission.Account TypeMinimum SpreadBronze2.0 pipsSilver0.07 pipsGold 0.05 pipsPlatinum0.03 pipsFees ETFinance has substantial inactivity fees of up to €500 per month.Trading PlatformTrading PlatformSupported Available Devices Suitable for MT4✔Desktop, Web, MobileBeginnersWebtrader✔Web/Mobiletrader✔Mobile/Deposit and Withdrawal ETFinance supports deposit and withdraw through VISA, MasterCard, bank wire and popular e-wallets like Neteller and Skrill. There is a bank transfer fee €15, while the minimum deposit and withdraw fees are not mentioned.