Regulated

Score

0123456789.01234567890123456789
/10

ETFinance

Cyprus

|

2-5 years

Investment Advisory License|

High potential risk

http://etfinance.eu

Website

Rating Index
Influence

Influence

C

Influence Index NO.1

United Arab Emirates 2.38

Better than 98.67% exchange(s)

Biz Area

Search Statistics

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Social Media Index

Influence
C

Licenses

CYSEC

CYSECRegulated

Investment Advisory License

Exchange Info

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Company Name
ETFinance
Phone of the company
+8006 003 7004
Customer Service Email Address
support@etfinance.eu

WikiBit Risk Alerts

1
Previous Detection 2024-06-14

The number of this Exchange's nagitive field survey reviews has reached 1, please be aware of the risk and the potential scam!

Website

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Time Machine

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User Reviews

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5 ratings

Participate in evaluation
Diem Chau
Really liking the user interface on ETFinance, makes crypto trading smooth. Still, I noticed higher transaction fees.
2023-12-04 16:03
3
Abraham Santosa
ETFinance is a game-changer! Love the user-friendly interface and low transaction fees. Their customer support is top-notch, always ready to help. A+ for security too!
2024-05-09 09:06
5
James Lai
ETFinance has an excellent, intuitive user interface! Their innovative approach to crypto makes trading easy and fun!
2024-01-09 22:26
2
Nathan Turner
ETFinance is top! In addition to excellent customer support, its user interface is very simple to use. It's the best I've used!
2023-12-25 00:12
8
FX2009639799
FROM THE VERY BEGINNING I TOLD THE AGENT THAT I AM A NEWBIE IN TRADING, DESPITE THAT INFO I GAVE, THEY MANIPULATED THE CREATION OF MY ACCOUNT LAST FEBRUARY 11, 2021 BY PROVIDING ME THE ANSWERS TO THE QUESTIONNAIRES TO BE ABLE TO QUALIFY AND PROVED THAT I HAVE EXPERIENCES IN TRADING. I'M HESITANT BECAUSE THEY ARE LYING ABOUT THE ANSWERS. AFTER THE ACCOUNT CREATION, THEY JUST LET ME TRADE STRAIGHT WITHOUT EXPLAINING EVERYTHING. NEVER EXPLAINED ABOUT THE SPREAD, SWAPS, HOW TO USE THE INDICATORS
2021-09-05 19:49
0
Aspect Information
Company Name ETFinance
Registered Country/Area Cyprus
Founded Year 2019
Regulatory Authority CYSEC (NO.:359/18)
Number of Cryptocurrencies Available 10
Fees 0.01% - 1.5%
Payment Methods Bank transfer, credit/debit card
Customer Support Email, live chat

Overview of ETFinance

ETFinance, a virtual currency exchange platform, is registered in the Cyprus and was founded in 2019. It operates under the regulatory authority of the Cyprus Securities and Exchange Commission (CYSEC (NO.:359/18)). ETFinance offers a wide range of cryptocurrencies, with 10 different options available for trading. While the platform charges a 0.01%-1.5% trading fee, additional fees apply for certain services. ETFinance supports payment methods such as bank transfers and credit/debit cards, providing users with convenient options for transactions. In terms of customer support, ETFinance offers email and live chat services to assist users with any queries or concerns they have.

overview

Pros and Cons

Pros Cons
Regulated Limited investment options
Convenient payment methods
Email and live chat customer support

Pros

- Regulated: Regulation is important for investors because it provides a level of protection against fraud and theft. it means that it has to comply with certain rules and regulations designed to protect investors. This includes things like having adequate financial resources, maintaining high standards of corporate governance, and being subject to regular audits.

- Convenient payment methods: ETFinance supports bank transfers and credit/debit card payments, providing users with convenient and widely accepted methods for depositing and withdrawing funds. This makes it easier for users to engage in transactions and manage their accounts.

- Email and live chat customer support: To provide its customers with a convenient, accessible, and cost-effective way to get help.

Cons

- Limited investment options:ETFinance only offers a limited number of ETFs. This may not be enough for some investors to choice.

Regulatory Authority

The regulatory situation of the exchange indicates that it is It operates under the regulatory authority of the Cyprus Securities and Exchange Commission (CYSEC (NO.:359/18). However, Trader can further research and gather additional information regarding the regulatory status and compliance of this exchange.

Regulatory Authority

Security

ETFinance prioritizes security measures to protect user funds and personal information. The exchange implements industry-standard security protocols, such as encryption and two-factor authentication, to safeguard user accounts from unauthorized access. ETFinance also keeps a significant portion of user funds in cold storage, offline wallets that are not connected to the internet, to prevent hacking attempts and mitigate the risk of theft. Additionally, ETFinance regularly conducts security audits and assessments to identify and address any potential vulnerabilities in their systems. These security measures provide users with a secure trading environment and ensure the protection of their assets.

Cryptocurrencies Available

Cryptocurrencies available on ETFinance include a wide range of options, with 10 different cryptocurrencies available for trading. This allows users to diversify their investment portfolio and potentially capitalize on emerging trends in the virtual currency market. In addition to cryptocurrencies, ETFinance also offer other products or services, although specific details regarding these additional offerings. Traders can further research or contact the exchange directly for more information on any additional products or services they offer.

Crypto Available

Fees

Fee Amount
Management fee 1.50%
Trading fees 0.05%
Custody fees 0.02%
Other fees 0.01%

ETFinance charges a management fee of 1.50% per year for its ETFs. This fee is deducted from the ETFinance's net assets . ETFinance also charges trading fees of 0.05% per trade. These fees are charged by the exchange where the ETF is traded.

Payment Methods

ETFinance accepts multiple payment methods, including bank transfers, credit/debit cards, and various cryptocurrencies. Users can choose the payment method that is most convenient for them to deposit funds into their ETFinance accounts.

Educational Resources

ETFinance offers a range of educational resources and tools to assist users in expanding their knowledge and understanding of cryptocurrencies and blockchain technology. These resources include articles, tutorials, and guides, providing users with valuable information to make informed trading decisions. By offering educational materials, ETFinance empower users with the necessary knowledge to navigate the cryptocurrency market effectively. It is worth noting that the availability and specific content of educational resources vary, and users can refer to the ETFinance platform for the most up-to-date information.

Is ETFinance a Good Exchange for You?

ETFinance is a virtual currency exchange that offers a wide range of cryptocurrencies for trading. This can make it a suitable platform for different trading groups with specific needs and preferences. Here are some potential target groups:

1. Experienced traders: ETFinance appeal to experienced traders who are familiar with virtual currency exchanges and have a good understanding of the market. These traders value a range of services and advanced trading features that ETFinance potentially offers.

2. Investors seeking diversification: ETFinance could be attractive to investors who are looking to diversify their investment portfolio by including virtual currencies. The platform's various services and potential cryptocurrency offerings provide opportunities for diversification.

3. Tech-savvy individuals: ETFinance might be suitable for tech-savvy individuals who are comfortable navigating virtual currency exchanges and have a good understanding of the underlying technology. These individuals appreciate the potentially advanced features and services that ETFinance offers.

4. Risk-tolerant individuals: Given the limited information available, it is challenging to assess the risk profile of ETFinance accurately. However, individuals with a higher risk tolerance who are willing to invest in virtual currencies despite the associated risks can find ETFinance suitable.

5. Traders seeking a variety of trading options: ETFinance appealing to traders who prefer to have access to a wide range of cryptocurrencies and trading options. The potential availability of multiple cryptocurrencies could provide opportunities for these traders.

It is important for traders to carefully consider their individual needs, risk tolerance, and investment goals when choosing a virtual currency exchange like ETFinance. Conducting further research and due diligence can help traders make an informed decision that aligns with their trading objectives and preferences.

Conclusion

In conclusion, ETFinance is a virtual currency exchange platform that offers cryptocurrencies for trading. The regulatory situation of the exchange indicates that it is It operates under the regulatory authority of the Cyprus Securities and Exchange Commission (CYSEC (NO.:359/18)). ETFinance provides users with a convenient trading experience through its support for payment methods such as bank transfers and credit/debit cards. The platform also offers customer support services through email and live chat. However, users should be aware of the 0.01%-1.5% trading fee for certain services. Overall, ETFinance presents a diverse selection of cryptocurrencies and convenient payment options, but traders should carefully consider the associated fees before engaging in transactions.

Frequently Asked Questions (FAQs)

Q: What services does ETFinance offer?

A: ETFinance provides a range of virtual currency exchange services, allowing users to trade and manage their digital assets.

Q: Is ETFinance regulated by any regulatory agency?

A: Yes, ETFinance is regulated by the Cyprus Securities and Exchange Commission (CYSEC), with the regulation number 359/18. It holds an Investment Advisory License under the name Magnum FX (Cyprus) Ltd.

Q: Does ETFinance provide educational resources for traders?

A: Yes.

Q: What are the advantages and disadvantages of ETFinance?

A: Advantages of ETFinance include offering a range of services for virtual currency exchange. Disadvantages include limited information available about the platform, which can make it difficult to assess its credibility and reliability fully.

User Review

User 1:

ETFinance crypto exchange has been my go-to platform for trading cryptocurrencies. The security measures they have in place give me peace of mind knowing that my digital assets are protected. The platform is also regulated by CYSEC, which adds an extra layer of trust. The interface is user-friendly, making it easy for me to navigate and execute trades efficiently. The liquidity is impressive, ensuring that I can easily buy and sell cryptocurrencies without any issues. Overall, I highly agree ETFinance for its security, regulation, interface, and liquidity.

User 2:

I've had a mixed experience with ETFinance crypto exchange. While the variety of cryptocurrencies available is commendable, I found the customer support lacking. It took them quite some time to respond to my queries, which was frustrating. The trading fees are also on the higher side compared to other exchanges I've used. On the positive side, the interface is visually appealing and easy to use. The deposit and withdrawal speed is satisfactory, and I haven't encountered any issues when it comes to order types. However, I wish they offered more transparency regarding their privacy and data protection measures. Overall, ETFinance has its ups and downs, and it's essential to weigh the pros and cons before using the platform.

Risk Warning

Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. Traders can choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.