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ETFinance Fees and Spreads

ETFinance Fees and Spreads

 

ETFinance Fees Spreads and Commission vary according to the account type that the trader is using. ETFinance Average spreads on major forex pairs are 0.7 pips for the EUR/USD, 1.3 pips for the GBP/USD, and 0.9 pips for the EUR/GBP.

 

ETFinance at a Glance

 

📅 Year Founded2016
📍 Head Office
Cypress
⚖️ Financial Regulatory Bodies
CySEC
📈 Managed accounts
No
📊 Institutional accounts
Yes
☪️ Islamic AccountYes
💰 Minimum Deposit
$250 (R4013,83 USD/ZAR at the time of writing)
👍 Demo Trading Account available
Yes
🌐 Countries not accepted for tradeUnited Kingdom, Belgium
💰 Withdrawal options
Debit and credit cards, bank wire transfers and Skrill.
📒 Deposit optionsDebit and credit cards, bank wire transfers and Skrill.
💻Platform(s) providedMetaTrader4
🖥️ OS compatibility
PC and Mac OS, mobile for Android and IOS
📈 Tradable assets
Forex, indices, commodities, metals, energies, and shares
📓 Languages supported on the websiteMultiple languages
📓  Customer support languagesMultiple languages
☎️ Customer service hours24/5
Maximum Leverage1:30
👉 Open a account👉 Click Here

 

Overall Rating

4.3/5

Rated #375 of 
Recommended FX Brokers

💰Minimum Deposit

USD 215

🌐 Regulators

Cyprus

📱 Trading Desk

No Dealing Desk

Crypto

Yes

📈 Total Pairs

50

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

ETFinance Fees and spreads – 8 key points quick overview:

 

 

ETFinance does not charge commission fees with spreads from 0.7 pips.

 

ETFinance doesn’t charge any account or deposit fees while withdrawals start from $18.29.  also charges an inactive fee of $97.54 per month.

 

Finding a reputable list of ETFinance Fees and Spreads local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

 

Below is an in-depth Fees and Spreads review regarding this regulated Forex Company, which will assist traders and allow traders to invest in their currency.

 

ETFinance Fees and Spreads

 

ETFinance Fees and Spreads

 

ET Finance’s spreads start from 0.7 pips on EUR/USD.

 

📍 Fees, spreads, and commissions mentioned on the company spread list that traders can expect when trading with ET Finance are as follows:

➡️ Spreads are variable and based on their liquidity provider. Spreads of 0.7 pips for the EUR/USD

➡️ 3 pips for the GBP/USD

➡️ 9 pips for the EUR/GBP

➡️ No commissions are charged

 

ETFinance Additional Trading Fees

 

ETFinance Additional Trading Fees

 

When trading financial instruments such as forex, traders can expect that overnight fees or swap fees may be charged when positions are held for longer than a trading day.

 

ET Finance makes provision for an Islamic Account for Muslim traders who follow the Sharia Law and are thus prohibited from earning or paying interest where the holding of open positions is concerned.

 

The ET Finance support team can also advise whether spread betting is allowed and what spread betting fees could apply.

 

Overall Rating

4.3/5

Rated #375 of 
Recommended FX Brokers

💰Minimum Deposit

USD 215

🌐 Regulators

Cyprus

📱 Trading Desk

No Dealing Desk

Crypto

Yes

📈 Total Pairs

50

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

ETFinance Broker Fees

 

ETFinance Broker Fees

 

There are no deposit fees charged by ET Finance. Most withdrawal methods do not incur fees either, but there is a €15 withdrawal fee for wire transfer withdrawals. There is also a €50 fee if you withdraw money before you have completed more than one trade.

 

Traders also need to ensure that they verify additional charges which may be waived by their financial institution. In addition, traders may be subjected to currency conversion fees should they transfer fees in a currency that is different from their account base currency.

 

Overall Rating

4.3/5

Rated #375 of 
Recommended FX Brokers

💰Minimum Deposit

USD 215

🌐 Regulators

Cyprus

📱 Trading Desk

No Dealing Desk

Crypto

Yes

📈 Total Pairs

50

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

ETFinance Pros and Cons

 

✔️ PROS ❌ CONS
Commission-free tradingHigh inactivity fees
Impressive educational video libraryLimited features for advanced traders
No deposit fees chargedNo facility to trade on MetaTrader 5 or cTrader
Wide range of tradable asset classes

 

Conclusion

 

Overall, ETFinance has an overall trust score of 7/10. ETFinance offers traders the MetaTrader suite of platforms as well as a basic web and mobile app. ETFinance does not charge commission fees with spreads from 0.7 pips.

 

You might also like: ETFinance Review

You might also like: ETFinance Minimum Deposit

You might also like: ETFinance Demo Account

You might also like: ETFinance Sign up Bonus

You might also like: ETFinance Account types

You might also like: ETFinance Islamic Account

 

Frequently Asked Questions

How many instruments can I trade with ET Finance?

You can trade several different instruments with ET Finance, which include the following:

  • Cryptocurrencies such as Bitcoin, Litecoin, and Ethereum.
  • CFDs
  • Metal
  • Stocks
  • Energies
  • Commodities

 

Which platforms are supported by ET Finance?

ET Finance provides the following popular trading platforms:

  • MT4
  • WebTrader
  • Mobile Trader

 

Does ET Finance offer leverage?

Yes, ET Finance offers maximum leverage of up to 1: 500.

 

What spreads can I expect with ET Finance?

ET Finance offers spreads on key forex pairs of 0.7 pips for the EUR/USD, 1.3 pips for the GBP/USD, and 0.9 pips for the EUR/GBP.

 

Does ET Finance charge commissions?

No.

 

Are there additional charges on the Islamic account?

Some brokers charge extra fees on Islamic accounts – either in wider spreads, additional commissions, or administration fees to make up for money that they lose by not charging overnight fees.

New Islamic traders should enquire about these special conditions or extra fees before joining, because it is often overlooked or not indicated on the account features pages.

 

Is ET Finance regulated and by whom?

ET Finance is regulated by the Cyprus Securities and Exchange Commission (CySEC).

 

Is ET Finance a recommended forex trading broker for experts and beginners?

ET Finance offers the best trading environment for new traders, since experienced traders may want a wider range of instruments.

 

What is the overall rating out of 10 for ET Finance?

7/10.

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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