No, ETFinance is not a scam, as it boasts a CySEC license and has a strong reputation. Although the broker is relatively young in comparison to other brokers , it has also shown that it has the ability to withstand market instability.

Accepts traders from

Points

Overall

Points

Commissions & Fees

Points

Licensing & Safety

Points

Platforms & Tools

Each broker we review is judged on the same 10 key areas. We include different instruments and holding positions overnight. We check not only the licenses the broker claims to have for different countries, but whether these licenses are up to date too. We look for specific features such as customizability and trading signals.

750Number of instruments

Open Account

100,000+ Traders

Regulated by

CySec

Overview
Fees and commissions
Safety
Opening an account
Account types
Trading Platforms
Markets and products
Research tools
Education and training
Customer support
Our verdict

ETFinance review

Q: Is ETFinance regulated?

Yes, our review of ETFinance found that the broker is regulated by CySEC. CySEC regulation not only means that ETFinance is regularly audited, but that they must comply with safeguarding policies such as offering you investor compensation worth up to €20,000.

Q: What is the minimum deposit at ETFinance?

The minimum deposit is $250 for a Silver Account. This is the same for Gold and Platinum account types too, although the minimum lot size does change with the higher tiers. You can also open an ETFinance demo account for free to try out the broker.

Q: Does ETFinance charge commission?

No, ETFinance does not charge commissions on any account type. Instead, the broker charges spreads on each trade, yet these are competitive with other brokers of the same quality. As such, ETFinance is a good choice if you are looking for low-cost trading opportunities.

Q: What ETFinance account types are there?

ETFinance offers Silver, Gold, and Platinum Accounts as well as a Professional Account reserved for high-volume traders. Spreads on all accounts range from 0.7pips to 0.3pips, which is lower than many competitors. You can also request to open Islamic accounts, and you are invited to try a demo account for free too.

28 October 2020 - Kate Leaman

Our review of ETFinance answers all your questions about this reputable broker. You can trade with ETFinance on any device, gaining access to over 750 instruments. This includes forex currency pairs, crypto pairs, indices, stocks, and commodities. Although ETFinance has only been around since 2018, the broker has gained a loyal client base by offering generous leverage, competitive spreads, and zero commissions. With top-tier regulation and fund protection measures, ETFinance has also built a strong and well-deserved reputation. Continue reading to learn more about what sets ETFinance apart from the competition.

Enjoy over 750 trading instruments
Trade via an award-winning platform
Licensed and regulated by CySEC
Best broker for educational materials
One of the younger brokers, but with a strong reputation

ETFinance overall scores

In this review, you can find all the information you need to decide whether ETFinance is the right broker for you. Our expert team has thoroughly explored the broker, using a tested methodology and scoring system. This process places importance on the things we know matter most to traders. Below you can see how ETFinance scored in each of our high-priority categories.

Commissions & Fees

82 Points

Payments

88 Points

Licensing & Safety

91 Points

Customer Service

86 Points

Trading Platforms & Tools

92 Points

Education

99 Points