ETFinance is a Cyprus based online brokerage. ETFinance is regulated by Cyprus Securities and Exchange Commission. Now we will look at what all does the ETFinance offers to traders. ETFinance mainly offers CFDs i.e. Contract for Difference on a range of products which comprises of the following such as stocks and shares, commodities, forex, and indices. You must be wondering whether ETFinance is the best broker company for you. There are many key features of the company.
Features of ETFinance –
Some such exclusive features are as follows – ETFinance provides its traders with an excellent trading platform. The traders can now do trading through CFDs in a range of products. Plus, the trading fee which the brokers demand is a reasonable trading fee. And traders can now get 24/7 market access. There are many things which ETFinance offers to its traders. Traders can trade in several CFD products which comprise of the commodities, stocks, Indices, Forex, and cryptocurrencies. Currencies available with ETFinance brokers include major, minor and exotic pairs. Whereas commodities comprise of the following such as agricultural assets, precious metals, and oils.
Apart from all of these, the traders can trade the latest indices such as DOW 30, FTSE 100 and S&P 500. These can be traded through CFDs. Plus, another benefit that the traders have with ETFinance brokers is that they can access the market 24/7 along with which they can also easily sign up for an account and can open a retail account or a professional account with ETFinance brokers. Depending on the type of account you have opted and the CFD product that you are trading, the leverage is available. Now it depends mainly on these two factors.
Leverages Offered –
The leverage available on commodities and indices for a retail account is 1:10 and incase if you have a professional account then the leverage will be 1:50. In the case of stocks and shares, the leverage available for a retail account is 1:5 and for professional account holders, the leverage will be somewhere around 1:10. And in currency pairs, the maximum leverage which the professional account holders can enjoy is 1:200. In major and minor currency pairs the retail account holder can have a leverage of 1:30. On exotic currency pairs, the retail holders can enjoy the leverage up to 1:200. And in cryptocurrencies, the ETFinance offers leverage of 1:1.
Extra Services Offered –
So, these are the leverages which are being offered by the ETFinance. Apart from that, there are many other auxiliary services also which the ETFinance offers such as safekeeping and management of financial instruments. It includes custodianship and other similar services. A good range of CFD products is being provided by the brokers. You can now do trading through CFDs which is available on all relevant assets. And you have already seen above the leverages which are offered on both the accounts i.e. professional and retail is a reasonable one.
Competitive Spreads –
Now we will take a look at ETFinance trading costs. One of the pivotal objectives of ETFinance is to offer a good value service to the traders. On forex CFD trading they take no trading fees nor do they take any kind of commission. And on other instruments like that of commodities, they take low commissions. Their profits are taken from spreads with CFD currency trading. ETFinance provides floating spreads, so they will differ, but the spreads are most competitive. On the live pricing page of ETFinance website latest spreads for every available currency pairs are displayed clearly. Depending on the latest market situation the spreads for over 80 different markets can differ.
Commission Free Model –
Another best part that you will notice about the ETFinance broker is that they provide for a commission-free model. In this model, the CFD forex traders can do as much trading as they want that without any need of paying the transaction fee. Now, this is a very appealing offer for traders, especially those who are active. Some of the important features of ETFinance which can be described in short are that on CFD forex there are no trading fees nor there is any kind of commission.
Investor Compensation Funds –
Then there are competitive spreads. Plus, the ETFinance offers low commission on other instruments. The different ETFinance account types are that they provide the traders with 2 accounts. One is a retail account another is a professional account. The ICF i.e. Investor Compensation Funds protects all the retail account holders. Traders can also re-categorize their accounts. It mainly depends on the trading activity. But it is advisable that you go through the pros and cons of it before taking such kind of decision. And those who are professional account holders can enjoy high leverages and other benefits also.
3 Different Platforms for Trading –
Now, to cater to the different needs of the traders, ETFinance provides for 3 different platforms. One platform is the web trader platform which is a web-based platform for traders and it can be used from any compatible browser. Then, next is the cutting edge platform which offers trading experience to traders which is par excellence. The platform integrates many different types of technical indicators and also other trading tools with an interface which is simple and highly spontaneous. Those who are new users for them there is a chance they can create a demo account also. It is for two weeks.
MT4 Platform & Mobile Trading –
Through the demo account, the new users can now experiment with the trading strategies and also tools of trading. Then, ETFinance also provides for the use of MT4 Platform which can be used in both desktop and mobile devices. It comes with a wide range of features, combined tools, technical indicators, and auto trading facilities. ETFinance also offers mobile trading through a creatively created mobile app. It is available for iOS and Android devices. It offers a user experience which is beyond excellence. So, now you can sit at home or anywhere and start trading.
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