Official website Open account






  • Seminars and training
  • Islamic accounts
  • Segregated accounts
  • Affiliate program
  • Wide selection of trading instruments


  • The broker is regulated by CySEC


  • Pressured phone calls


Overview of ETFinance


Trade Forex presents an in-depth look at ETFinance, a broker established in 2016. Headquartered in Cyprus, ETFinance is recognized for offering a range of trading opportunities predominantly to clients within the European Union and beyond. Notably, ETFinance has gained fame as the official sponsor of the renowned Spanish basketball team, Real Madrid.

Broker Type

Understanding ETFinance’s Business Model

ETFinance operates as an STP (Straight Through Processing) Forex broker, emphasizing adherence to stringent standards for secure trading, in line with established regulatory norms. This model typically ensures direct processing of client trades without the interference of a dealing desk, offering more transparent execution.

Regulatory Compliance

Ensuring Legitimacy and Client Safety

Trade Forex highlights that ETFinance functions under the trade name MAGNUM FX (CYPRUS) LTD, with the registration number HE 360548. It is duly authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 359/18. This regulation is a significant endorsement of its legality and authorization to offer brokerage services across Cyprus, the EU, and other regions, facilitated by cross-border registrations.

Notably, ETFinance implements several measures to protect clients, such as:

  • Segregating client funds from corporate funds
  • Offering negative balance protection
  • Participation in a compensation scheme to safeguard clients in the unlikely event of broker insolvency

Leverage Options

Balancing Risk and Opportunity

As a broker regulated in Cyprus and the EU, ETFinance complies with ESMA (European Securities and Markets Authority) restrictions, resulting in comparatively lower leverage levels. Retail traders are offered a maximum leverage of 1:30 for major currency pairs and 1:10 for commodities. For professional traders, upon confirmation of their status, higher leverage of up to 1:400 or 1:500 is available.

Account Types

Catering to Diverse Trading Needs

ETFinance offers three primary account types – Silver, Gold, and Platinum – each designed to cater to the varying requirements of both novice and seasoned traders. Additionally, ETFinance provides an option for Islamic accounts, ensuring compliance with Sharia law, which includes conditions like no swaps and restricted leverage.

Trading Instruments

A Rich Palette of Trading Options

ETFinance boasts a comprehensive selection of over 750 trading assets. This extensive range includes:

  • Forex currencies
  • Metals
  • Energies
  • A variety of commodities, including exotic ones like cocoa and coffee
  • Indices
  • A broad spectrum of cryptocurrencies

Minimum Deposit Requirements

Accessibility for Various Trader Levels

The minimum deposit for opening a Silver account is $250, making it accessible for beginners. Higher-tier accounts, like the Gold and Platinum, require larger deposits, targeting more experienced traders with additional features and benefits.

Concluding Thoughts

ETFinance: A Viable Choice for Traders

In conclusion, Trade Forex recognizes ETFinance as a Forex broker that excels in offering flexible trading conditions, diverse platforms, and a wide range of instruments. A notable strength of ETFinance is its regulation by CySEC under the MiFID directive, ensuring a high level of safety and regulatory compliance.

Personal Experiences and Reviews

Invitation for Community Engagement

Trade Forex encourages sharing personal experiences and reading reviews about ETFinance to foster a community-driven understanding of the broker’s services and performance in the trading arena.