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    ETFinance

    2-5 years
    |
    Regulated in Cyprus
    |
    Straight Through Processing(STP)
    |
    MT4/5 full license

    Rating

    0 1 2 3 4 5 6 7 8 9
    .
    0 1 2 3 4 5 6 7 8 9
    0 1 2 3 4 5 6 7 8 9

     /10

    License Index

    4.62

    Business Index

    6.10

    Risk Management Index

    9.43

    Software Index

    6.91

    Regulatory Index

    4.59

    Licenses

    Cyprus Securities and Exchange Commission

    Straight Through Processing(STP)

    CYSEC Regulated

    Overview

    • Company Name:

      Magnum FX (Cyprus) Limited
    • Company Abbreviation:

      ETFinance
    • Place of registration:

      ETFinanceCyprus
    • Regulatory Status:

      Regulated
    • Customer Service Email Address:

      support@etfinance.eu
    • Customer Service Phone Number:

      +8006 003 7004
    • Company summary

      BasicInformation&RegulatorsofETFinanceETFinanceisthetradingnameofMAGNUMFX,whichwasestablishedinSeptember2016,andthedomainnameofETFinancewasregisteredonGoDaddyinJuly2018.ETFinancecurrentlyholdsanSTPlicensefromtheCyprusSecuritiesandExchangeCommission(licensenumber359/18).SafetyAnalysisofETFinanceETFinanceiscurrentlyregulatedbytheCySECofCyprus,aglobaltier1regulator.Thisregulatorhasastringentregulationforforeignexchangebrokers,whichmeansthatinvestors'capitalsafetyandtradingactivitiesareprotectedtoacertainextent.InvestorsshouldtakecaretostayawayfromthisETFinancetradingplatform.MarketInstrumentsofETFinanceETFinanceoffersinvestorsawiderangeoffinancialtradinginstruments,includingForexcurrencypairs,CFDs,ETFs,indices,stocks,energies,metals,andcryptocurrencies.Accounts&LeverageofETFinanceETFinanceoffersinvestorsthreedifferenttypesoftradingaccounts,namelySilver,Gold,andPlatinumAccounts.TheSilveraccounthasaleverageof1:30formajorcurrencypairs,1:20forminorcurrencypairs,gold,indices,1:10forcommodities,1:5forstocks,and1:2forcryptocurrencies.TheGoldandPlatinumaccountshavetheleverageof1:500forForexcurrencypairs,1:125forindicesandcommodities,and1:10forcompanystocks.Spreads&CommissionsofETFinanceForpositionsheldovernight,ETFinanceissubjecttoa5%Swapcharge.ForSilveraccounts,spreadsstartat0.07pipswithnoSWAPdiscount.ForGoldaccounts,spreadsstartat0.05pipswitha25%SWAPdiscount.Forplatinumaccounts,spreadsstartat0.03pipswitha50%SWAPdiscount.TradingplatformAvailableofETFinanceETFinanceofferstradersthreepowerfultradingplatforms,namelyWebTrader,MT4tradingplatform,andMobileAPP.MT4iscurrentlythemostpopularforextradingplatformwitharangeoffeaturesandintuitivedesign,supportingmorethan50technicalindicators,30interactivechartingtools,9timelines,30languagessupported.Traderscancreateandcustomizetheirowntradingstrategies.WebTrader/webtradingplatformhasalmostallthefeaturesofMT4,withaweb-basedtradinginterfacefordirecttradingwithouttheneedtodownloadanysoftware.TheMobileAppprovidestraderswiththeflexibilitytotradeontheirmobiledevicesanytime,anywhere.DepositandwithdrawalofETFinanceETFinancesupportstraderstodepositandwithdrawfundstotheirinvestmentaccountsviaVISA,MasterCard,Skrill,wiretransfer.ETFinancereservestherighttochargeawithdrawalfeeof$50forinactiveaccounts.Pros&ConsofETFinanceProsofETFinance:1.CySECRegulation2.AbundanceofFinancialInstruments3.MT4TradingPlatform4.SwapDiscount5.ThinSpreadsTheConsofETFinance:1.HigherFeesforInactivityAccounts2.LimitedTimeAvailableForDemoAccounts3.AbsenceofFAQSection. About More
    Pyramid scheme complaint

    WikiFX APP!

    Global Forex Broker Regulatory Inquiry APP!

    Cyprus Securities and Exchange Commission

    Cyprus Securities and Exchange Commission (CYSEC)

    The Cyprus Securities and Exchange Commission (CySEC) was established in accordance with section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public legal entity. It is an independent public supervisory Authority responsible for the supervision of the investment services market, transactions in transferable securities carried out in the Republic of Cyprus and the collective investment and asset management sector. It also supervises the firms offering administrative services which do not fall under the supervision of ICPAC and the Cyprus Bar Association.

    • Licensed Institution :

      Magnum FX (Cyprus) Ltd

      Effective Date :

      2018-06-04
    • Email Address of Licensed Institution :

      info@magnumfx.eu

      License Type:

      Sharing MAGNUM FX
    • Website of Licensed Institution :

      magnumfx.eu,ETfinance.eu

      Expiry Date :

      --
    • Address of Licensed Institution :

      Agias Fylaxeos 1, 2nd Floor, 3025 Limassol

      Phone Number of Licensed Institution :

      +357 25 053 547
    • Licensed Institution Certified Documents :

      MAGNUM FX CySEC牌照 View Certified Documents Magnum cysec20200915更新 View Certified Documents

    ETFinance · MT4/5

    Identification Result

      ETFinance · Website

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          ETFinance· Genealogy

          ETFinance · Clones

          ETFinance · Market Analysis

          The data are from WIKI Research    2021.08.05 updated

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          This broker's score is relatively low.

          Please choose wisely! Please avoid unnecessary loss

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          ETFinance · Survey×

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          WikiFX·pyramid scheme complaint
          1  Know about pyramid scheme  >
          2  Pyramid scheme complaint   >
          3  Done
          1. What is pyramid scheme complaint?
          With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
          2. 10 Features of Pyramid Scheme
          High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
          Report immediately
          Report This Platform
          ETFinance
          * Contact number
          0086
          *Enter your phone number
          *Reporting Reasons

          *Enter your reason
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          Submit successfully!

          You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'

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          ETFinance · Company summary

            Basic Information & Regulators of ET Finance

            ET Finance is the trading name of MAGNUM FX, which was established in September 2016, and the domain name of ET Finance was registered on GoDaddy in July 2018. ET Finance currently holds an STP license from the Cyprus Securities and Exchange Commission (license number 359/18).

            Safety Analysis of ET Finance

            ET Finance is currently regulated by the CySEC of Cyprus, a global tier 1 regulator. This regulator has a stringent regulation for foreign exchange brokers, which means that investors' capital safety and trading activities are protected to a certain extent. Investors should take care to stay away from this ET Finance trading platform.

            Market Instruments of ET Finance

            ET Finance offers investors a wide range of financial trading instruments, including Forex currency pairs, CFDs, ETFs, indices, stocks, energies, metals, and cryptocurrencies.

            Accounts & Leverage of ET Finance

            ET Finance offers investors three different types of trading accounts, namely Silver, Gold, and Platinum Accounts. The Silver account has a leverage of 1:30 for major currency pairs, 1:20 for minor currency pairs, gold, indices, 1:10 for commodities, 1:5 for stocks, and 1:2 for cryptocurrencies. The Gold and Platinum accounts have the leverage of 1:500 for Forex currency pairs, 1:125 for indices and commodities, and 1:10 for company stocks.

            Spreads & Commissions of ET Finance

            For positions held overnight, ET Finance is subject to a 5% Swap charge. For Silver accounts, spreads start at 0.07 pips with no SWAP discount. For Gold accounts, spreads start at 0.05 pips with a 25% SWAP discount. For platinum accounts, spreads start at 0.03 pips with a 50% SWAP discount.

            Trading platform Available of ET Finance

            ET Finance offers traders three powerful trading platforms, namely WebTrader, MT4 trading platform, and Mobile APP. MT4 is currently the most popular forex trading platform with a range of features and intuitive design, supporting more than 50 technical indicators, 30 interactive charting tools, 9 timelines, 30 languages supported. Traders can create and customize their own trading strategies. WebTrader/web trading platform has almost all the features of MT4, with a web-based trading interface for direct trading without the need to download any software. The Mobile App provides traders with the flexibility to trade on their mobile devices anytime, anywhere.

            Deposit and withdrawal of ET Finance

            ET Finance supports traders to deposit and withdraw funds to their investment accounts via VISA, MasterCard, Skrill, wire transfer. ET Finance reserves the right to charge a withdrawal fee of $50 for inactive accounts.

            Pros & Cons of ET Finance

            Pros of ET Finance:

            1. CySEC Regulation

            2. Abundance of Financial Instruments

            3. MT4 Trading Platform

            4. Swap Discount

            5. Thin Spreads

            The Cons of ET Finance:

            1. Higher Fees for Inactivity Accounts

            2. Limited Time Available For Demo Accounts

            3. Absence of FAQ Section.


          Risk Warning

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          Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

          Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

          Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.