Submitting the required information and uploading documents can be done quickly and the process is all digital. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. These charges can reach 5%, though Gold and Platinum account holders get discounted swap rates. At the time of writing, ETFinance does not offer any bonuses or promotions.
What can you trade?
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.
After that, the exchange asks fp markets review for personal identification details. Precisely, you’ll need to provide a driving license, a copy of your passport or a national ID. A utility bill to confirm proof of your residence is also required. Like most trading exchanges, ETFinance asks for your name, email address and phone number to create an account for you.
Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. In terms of trading, mobile applications ensure that you get full functionality on the go. Between the MetaTrader 4 applications for Android and iOS and the proprietary ETFinance mobile trading application, you should have no problem trading from anywhere.
- If speed is your main priority when withdrawing money from your broker account, then choosing one of the e-wallet options would be your best choice.
- ETFinance provides a well-equipped education centre, complete with tutorials, articles, and videos.
- A great educational hub, a variety of tradable assets, solid customer support, and advanced trading tools.
- The status of a trading account depends on the requirements for obtaining the status of an account, depending on the status, the spread and allowable leverage also change.
- “Platinum status” – gives customers an even greater discount on the spread, starting from 0.03 pips and full access to all broker services.
MetaTrader 4 is available to download on desktop, tablet, or mobile, allowing you to trade on whichever device you feel most comfortable with. Our team strongly cautions you to tread carefully with inactivity fees when trading with ETFinance. If your account is inactive for two or three months, you will be charged a monthly inactivity fee of €80.
Review updates ensure that all the information we provide is current and correct. You can also trade ETFs with ETFinance, with each ETF including baskets of assets like bonds, commodities, and stocks. One huge benefit of trading with ETFinance is that there is no limit to the number of orders that you can make, neither for pending and market orders nor a combined limit. Our review team found it challenging to classify the execution strategy of ETFinance as the broker does not explicitly state it anywhere. Based on the broker’s policies as well as analysis from other experts, ETFinance is best classified as a market maker.
The minimum deposit requirement for the Silver account is $250. ETFinance is a European online broker that offers a variety of trading products including forex, commodities, indices, stocks, cryptocurrencies, and ETFs. It has been said by users that the best way to trade on this broker is through a trading robot.
Deposit
In this review, we’ll cover all the features in-depth and how you can access ETFinance through an auto trading robot such as Bitcoin Era. It’s licensed by a reliable regulator (CySEC) and has been operating for over two years. Against that backdrop, it’s a convenient trading platform for someone who likes to trade multiple instruments.
Fees and costs for ETFinance Traders
In addition to e-books, ETFinance also boasts educational articles on a range of topics. These cover subjects like futures contracts trading, specific instruments, margin calls, and more. Most of the research tools available at ETFinance are offered via the trading platforms. You can find news, trading signals, trade ideas, and expert analysis incorporated into both MT4 and Webtrader. This is convenient, as you do not need to have as many tabs open to trade, however it does mean that there’s no proprietary expert advice. ETFinance clients with Platinum accounts receive access to a free VPS, as well as news alerts.
There is also a 50 euro fee if you withdraw before you have completed more than one trade. Even with those limits, it is easy to take advantage of fee-free withdrawals. DayTrading.com is committed to helping traders of all levels make informed decisions lexatrade review about which broker to trade with. ETFinance is a legitimate broker regulated by the CySEC and part of the Investor Compensation Fund. And unlike many scam websites, there aren’t multiple reviews online suggesting the broker doesn’t pay out profits. Compare ETFinance with the top 3 similar brokers that accept traders from your location.
Their dedication and commitment to providing a commission-free environment for traders is noticeable and quite rare in the industry, which is a huge win for you as a trader. The huge number of stocks available to trade really sets the company apart from its competitors making it a great choice for most traders. Before any client starts the real trading journey, s/he would be encouraged to open a DEMO account – for practice.
It can perform fundamental analysis and make an informed decision that helps fulfill a profitable potential. You can view real-time prices conveniently, check your list of tradable assets without ease, analyze graphs and charts professionally, and execute trades with a one-click function. The phone option could incur charges to the customer depending on where in the world they are based, so it is best to check before using this. All of the instant customer service options are open from 7am until 7pm GMT in the week. While there is no custody account available at ETFinance, they do help traders by keeping their accounts free.
Is ETFinance regulated by the FCA?
ETFinance also stores client funds in segregated accounts, meaning this money cannot be used for operational costs or to hedge trades. Each of these accounts is held with a regulated and trusted banking institution. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms.