ETFinance
Published: Updated:
- Trust score
- 2/10
- Legal simplicity
- 3/10
- Min. deposit
- 250
- Payment systems
- Instruments
- Forex, Stocks, Indices, Commodities, Metals, Energies, Cryptocurrencies
- Legal entity
- Magnum FX (Cyprus) Ltd
- Jurisdiction
- Cyprus
- Fees
- ETFinance priced CFDs through the spread with no commission on most instruments, with an inactivity fee after a period without trading.
- Withdrawals
- Withdrawals returned to the funding method, normally within one to three business days, with card returns capped at the deposited amount.
- Available in
Features
- Seminars and trader training
- Islamic (swap-free) accounts
- Segregated client funds
- Affiliate program
- Wide range of trading instruments
Pros
- Regulated by CySEC (Cyprus Securities and Exchange Commission)
Cons
- Aggressive, high-pressure sales phone calls
ETFinance is a CySEC-regulated STP forex and CFD broker founded in 2016 and headquartered in Cyprus, serving clients mainly across the EU. It runs Silver, Gold, and Platinum account tiers, an Islamic swap-free account option, and lists more than 750 tradable instruments. The broker is also known as a sponsor of the Real Madrid basketball team.
ETFinance offers seminars and trader training, Islamic accounts, segregated client funds, an affiliate program, and a wide range of trading instruments.
ETFinance overview
ETFinance is an STP forex and CFD broker founded in 2016 and headquartered in Cyprus. It serves clients mainly in the EU and beyond, and is known as a sponsor of the Real Madrid basketball team.
Regulation and client protection
ETFinance trades under the name MAGNUM FX (CYPRUS) LTD, registration number HE 360548, and is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license 359/18. The licence covers Cyprus, the EU, and other markets through cross-border registration.
Client protections include:
- Segregation of client funds from company funds
- Negative balance protection
- Coverage under an investor compensation scheme in case of broker insolvency
Leverage
As a CySEC/ESMA-regulated broker, ETFinance caps retail leverage at 1:30 on major currency pairs and 1:10 on commodities. Traders who qualify as professional clients can access leverage of up to 1:400 or 1:500.
Account types
ETFinance offers three account tiers - Silver, Gold, and Platinum - scaled to trader experience and deposit size. An Islamic (swap-free) account is available for traders who need Sharia-compliant conditions, with restricted leverage and no swap charges.
Trading instruments
The broker lists over 750 tradable assets, including:
- Forex currency pairs
- Metals
- Energies
- Commodities, including cocoa and coffee
- Indices
- Cryptocurrencies
Minimum deposit
The entry-level Silver account requires a minimum deposit of $250. The Gold and Platinum tiers require larger deposits and add features aimed at more experienced traders.
Trading conditions
ETFinance operated from Cyprus under CySEC authorisation, offering a multi-asset CFD range on MetaTrader 4 and a proprietary web platform.
As a CySEC firm the ESMA package applied: 30:1 on major currency pairs, negative balance protection, margin close-out at 50%, with Investor Compensation Fund cover up to €20,000 for eligible clients.
Status check required. This profile reflects the site's existing record rather than a current verification. Search the CySEC register for Magnum FX (Cyprus) Ltd and read any published decisions attached to it before treating this as a live option.
Verification
Verification required photo ID and proof of address plus an appropriateness assessment and economic profile, as MiFID rules require.
Before opening any account under this brand, check the CySEC register directly. A licence reproduced in a website footer is not evidence that an authorisation is current, and regulators publish suspensions and withdrawals separately from the register entry itself.
