In a fast-evolving financial world, there is no doubt that the biggest beneficiaries are those who understand the market structure and how to profit from the booms and busts that take place every now and then.
Although the average daily trading volume of the stock market is $5.1 trillion, and the equity market somewhere near $84 billion, only a few expert traders and investors actually make a profit from both ends of the spectrum.
But there is another category of individual traders and investors who navigate and profit from the global markets in an efficient way because they trade with the right broker and have access to a wide range of tools.
ETFinance represents one of such award-winning trading platforms, and for the rest of this article, we’ll invest time into discussing why some of the world’s most successful traders use the service.
What is ETFinance?
ETFinance is the brand name for Magnum FX (Cyprus) Ltd, a regulated broker that allows investors to purchase and trade multiple financial instruments including currencies, cryptocurrencies, stocks, indices, and commodities.
As an EU-based broker, the platform is hosted on an intuitive and user-friendly website parked on the domain, etfinance.eu, and provides cross-border services to clients from other EEA countries.
Why Use ETFinance?
Given that there are different brokers also operating in the EU, one might wonder why they need to choose ETFinance over others.
Well, here are some benefits that we found out:
#1. Multiple Financial Instruments on a Single Platform
ETFinance arguably stands out from its competitors because of the multiple financial instruments that they offer to traders and investors. Unlike most brokerage services that offer only one or more financial instruments, you can invest in nearly any instrument you can think of using ETF Finance. These include:
Therefore, instead of using multiple brokers to trade different instruments, investors can rather find all they need on ETFinance and save the stress of switching platforms in the middle of crucial trades.
#2. Advanced Analysis Tools
To enable traders to make the best buy and sell decisions, the platform provides a wide range of analysis tools for the multiple instruments offered including charts, price alerts, asset indexes, and other key information documents.
#3. Excellent Customer Service
From experience, nothing hurts more than when you encounter an issue while using a brokerage service and your ticket request has to last several hours before the first response for a customer service representative.
ETFinance understands how crucial a ticket request is, and the fact that they could make a difference between winning and losing trades and also help forex traders maintain their emotional balance.
With this in mind, the platform offers a 24/5 customer service desk that responds to tickets promptly except on weekends. There is a LiveChat option available on the website’s interface, and also a telephone contact.
#4. Multiple Payment Options
Accounts can be funded seamlessly and securely using multiple options including Visa and Mastercard debit cards, Wirecard, Trustly, VPay as well as Skrill.
#5. Islamic Account
For clients who are of the Islamic faith, ETFinance offers a raw pricing trading account where no interest fees are credited or debited.
Unlike other brokers that swap charges to cover the interest, ETFinance meets the need of Islamic clients by always ensuring that no charges are imposed, thus making the firm one of the best Islamic Account Forex Brokers.
#6. Educational Materials
Whether you’re just beginning your investment journey or a seasoned expert, ETFinance hopes to offer a nice collection of materials that offer insights on how to get the best out of your trades.
These materials will be made available in multiple formats including webinars, articles, video-on-demand, ebooks, and tutorials. Armed with such priceless information, investors can get the best results.
#7. Available on Web and Mobile
Clients can trade on the go using ETFinance’s trader-friendly mobile app or from their desktop devices using Webtrader of Metatrader4. Either way, there is no chance to miss out on winning trades because of the inability to switch across devices, or having to attend to an emergency.
#8. A Globally Reputable Brand
When traders and investors use ETFinance, they’re not only dealing with a leading brokerage service, but also a globally reputable brand.
ETFinance is an official sponsor of leading Spanish side, Real Madrid’s basketball team and also boasts a number of partnership with other reputable firms around the world to ensure the safety of user funds.
Is ETFinance Regulated?
As we noted earlier, ETFinance is the brand name for Magnum FX (Cyprus) Ltd, a licensed and regulated broker operating under the supervision of the Cyprus Securities and Exchange Commission (CySEC).
Such a status means that ETFinance abides by the second Markets in Financial Instrument Directive (MIFID II) which stipulates the latest regulatory standards for ensuring a high level of investor protection and thus contributes to the continued existence and efficiency of the global financial markets.
Magnum FX Ltd is also a member of the Investor Compensation Fund for Customers of Cyprus Investment Firms, another relationship that ensures that customers get refunds in the event of unavoidable ugly events.
Lastly, the firm also complies with General Data Protection Regulation, known as GDPR in the EU, meaning that customers at all time are entitled to certain information, and also the right to offer complaints to appropriate authorities.
Undoubtedly, investing in the financial markets whether commodities, stocks, currencies, indices, or cryptocurrencies already pose a level of risk that even the most experienced traders often struggle to navigate.
However, using regulated brokers like ETFinance arguably means that traders can focus on the things that matter most instead of constantly worrying about trivial matters such as fund safety and access to a wide variety of instruments.
Affiliate: Get a Ledger Nano X for $119 So That Hackers Won't Steal Your Crypto!