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ETFinance Review 2025

Updated:

Brief Look at ETFinance

ETFinance, despite holding a CySEC (Cyprus Securities and Exchange Commission) license, has garnered controversial reviews regarding its legitimacy and business practices. Established in 2018, the company immediately faced various claims, particularly concerning its aggressive marketing tactics, high-pressure phone calls, and withdrawal difficulties.
Some clients reported issues with withdrawing funds and non-transparent fees, including a €15 bank transfer fee and substantial inactivity fees of up to €500 per month.
In June 2020, CySEC partially suspended the activities of Magnum FX (Cyprus) LTD, ETFinance's parent company, due to its failure to act fairly, honestly, and professionally in the provision of financial services. The initial suspension was set for one month, and the company was subject to certain restrictions, including a ban on registering new clients.
Due to these concerns, ETFinance has been added to the blacklist.

User Satisfaction i

Score:
5.2/10

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dmcraigmi
2 years ago

Plus, they give you to do it, you get excited, top up the depot, and then they cut deals, they interfere in trade. In short, there will definitely be no trade here. Do not believe me, you are waiting for the same thing as me - a drain. Leaked $7,000 into ETFinance.

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NormanHak
2 years ago

ETFinance stole my money. On the chart for my pair, there was a sharp jump in the chart down, which burned all my money. I didn't have much, but still. I imagine what losses others could have. What I want to say is that I have not found such jumps on any chart. I've looked all over the internet and can't find it.

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Alexesdems
3 years ago

There are nuances with a demo account: access to it is provided only after opening a real account, and for this you need to pass KYC verification. ETFinance is regulated by the Cypriot CySEC Commission, so the security requirements are high. About cryptocurrencies. With leverage, they can only be traded by clients who have qualified as "Professional". Cryptocurrency transactions are available to ordinary traders, but using their own money, and not borrowed from a broker. The account, by the way, is opened only in euros. You can deposit in dollars, but they will be converted at the internal rate of ETFinance. In addition, there are several other non-trading fees - for inactivity and for withdrawals of less than 50 euros.

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theodoreru16
3 years ago

I'm a newbie to trading so I can't compare ETFinance to other brokers in terms of collaboration, comfort, and trading opportunities. I can only speak of personal experiences. The interface of the platform is intuitively simple, but the functionality is not lame. I study the available tools and work to increase my trading volume. I hope for long-term and fruitful cooperation with this broker. Recently, I joined the affiliate program of ETFinance to earn on leads.

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AnylSymn
3 years ago

I registered on the ETFinance platform about six months ago. I don’t know yet whether I will stay with this broker or I will look for an alternative option. Initially, I liked that support does not talk about trading, and you need to constantly hammer the manager. Support is only available after registration. It turns out that the company hides information from potential customers. This is not in favor of the project. However, in terms of trading, I have no complaints about the broker, and the execution of transactions takes less than one second.

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Jeremihon
3 years ago

ETFinance is a very mediocre broker in my opinion. This is not another scam where they target grandmas and do not allow them to withdraw profit. However, this broker does not have any competitive advantages. Plus, I did not notice normal support from the support team. First, there are not enough channels for communication. Second, technical support is really slow, so you have to solve most of the issues on your own. I think that this is a big minus and the broker needs to eliminate it.

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Harjun
3 years ago

ETFinance has very large spreads. In addition, spreads widen at night. If I leave a trade overnight, then the next day I see that the trade is closed by stop loss. The widening of the spread leads to the closure of trades. I don't really like ETFinance because of this.

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