Broker Review · last checked July 2, 2026
ETFinance Review
This ETFinance Review points to caution: public information is scarce. Before depositing, check the firm against the UK Financial Services Register and Warning List.
- Regulators listed: CySEC (former licence 359/18; voluntary renunciation / withdrawal recorded), FCA (2020 supervisory/press actions involving ET Finance / Magnum FX Cyprus Ltd)
- Platforms: Not reliably verified from current official public pages in this review
- Not reliably verified from current official public pages in this review
In brief
Our ETFinance review verdict
This ETFinance Review points to caution: public information is scarce. Before depositing, check the firm against the UK Financial Services Register and Warning List.
- 01Regulators
- CySEC (former licence 359/18; voluntary renunciation / withdrawal recorded), FCA (2020 supervisory/press...
- 02Trading platform
- Not reliably verified from current official public pages in this review
- 03Entry cost
- Not reliably verified from current official public pages in this review
- 04Main limitation
- you need a clearly active, fully current retail forex broker
Key facts about Etfinance
The legal entity, local rules and available account terms may change with the client's country.
- ✓FCA guidance says firms should be checked on the Financial Services Register and Warning List before you deal with them.
- ✓We did not find enough dependable current official evidence to confirm ETFinance’s fees, platforms, minimum deposit, or funding methods from official pages in the searches used here.
- ✓The page should not make a broad country-availability claim for ETFinance.
Who this broker suits
- researching legacy broker history
- users who want to verify a broker against regulator records before depositing
- readers comparing regulated-vs-unclear broker risk
- you need a clearly active, fully current retail forex broker
- you want strong public transparency on fees and funding terms
- you prefer brokers without prior regulator enforcement or licence withdrawal history
Key facts table
| Item | Detail |
|---|---|
| Broker | ETFinance |
| Page type | Broker review / verification guide |
| Primary keyword | Etfinance review |
| Current public evidence | Limited and not sufficient to confirm products, fees, or regulation from official pages in the searches used here |
| Best next step | Verify the exact legal entity on the relevant regulator register before depositing |
| Risk posture | Use caution; do not treat the brand name alone as proof of legitimacy |
This table is designed for readers who want a fast snapshot before reading the full due-diligence guidance.
ETFinance Review: public evidence leaves core questions open
Publicly available information on ETFinance does not support treating it as a straightforward, low-risk broker. Searches did not identify a clear official website or reliable current product details. FCA guidance says firms should be checked on the Financial Services Register and Warning List before engagement. This is consequently a due-diligence guide, not a direct product comparison.
Search results and the gaps around ETFinance
The ETFinance name remains searchable, providing a starting point for verification. Yet searches found limited official evidence and no trustworthy current proof of regulation, platform details, fees or funding terms. Recognition of a brand name alone offers little assurance.
Entity and regulation table
| Entity / brand | Regulatory status | Regulator / register | Details |
|---|---|---|---|
| MAGNUM FX (CYPRUS) LTD | Former Cyprus investment firm | CySEC public register | Reg. no. HE 360548; licence 359/18; CySEC register shows voluntary renunciation / withdrawal. |
| MAGNUM FX (CYPRUS) LTD | Partial suspension / later withdrawn | CySEC decisions | CySEC partial suspension announced 01 Jun 2020; withdrawal of CIF authorisation announced 14 Feb 2023. |
| ETFinance | Broker website / support centre | Official website | Official domain referenced in company terms as etfinance.eu; legal docs name ETFinance as trading name of MAGNUM FX (CYPRUS) LTD. |
Verified from CySEC register/decisions and ETFinance legal documents; no separate active authorisation found.
ETFinance legal entity and protection for UK clients
With ETFinance, the main question is not spreads or leverage, but whether the precise legal entity is authorised for the relevant service and jurisdiction. FCA guidance states that authorised firms appear on the Financial Services Register, while firms subject to warnings appear on the Warning List. An unauthorised firm may leave UK clients without access to the Financial Ombudsman Service and with weaker protection if problems arise.
Published ETFinance costs and platform terms remain unclear
Reliable, current official information on ETFinance account offerings, minimum deposits, spreads and platform availability could not be found. That absence is itself a reason for caution. Before funding an account, confirm the legal entity, published fees, order-execution policies and platform terms in the broker’s official documents, then cross-check them against regulator records.
ETFinance payment routes and withdrawal conditions
No current official sources confirmed ETFinance deposit or withdrawal methods, processing times or fees. Do not assume that cards, bank transfers, e-wallets or cryptocurrencies are supported unless the broker’s legal terms expressly say so. Payment conditions can affect chargeback rights, withdrawal speed and dispute resolution, so they merit careful review before a first deposit.
ETFinance access by entity and jurisdiction
No broad conclusion can be drawn about ETFinance availability across countries. Access may differ by legal entity, regulator and target market. UK requirements mean a firm’s FCA register status should be checked rather than relying on website notices. Where that status remains unclear, treat the broker as unavailable until the entity is verified for your jurisdiction.
Checks to make before considering ETFinance
When assessing brokers, give priority to a clearly identifiable legal entity, a current regulator record, and fully published fee and funding information. UK readers can start with the FCA Financial Services Register and Warning List, then review the broker’s legal and pricing documents before proceeding.
Alternatives to ETFinance
| Broker | Comparison score | Regulator signals | Platforms | Why compare | Review |
|---|---|---|---|---|---|
 XTB | 75.5 | FCA, CySEC, KNF | xStation, xStation mobile app | Readers who want a broker with publicly disclosed multi-jurisdiction regulation, Users who value transparent fee pages and entity-level lega | XTB review |
 Capital.com | 73.5 | CySEC, Securities Commission of The Bahamas | Proprietary web platform, Mobile app, TradingView | Readers who want a broker with clear public legal-entity and regulator disclosures, Users looking for a proprietary web/mobile platform plus | Capital.com review |
 Colmex Pro | 70 | Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (South Africa) | Colmex Pro 2.0, MT4, Web Trader | Readers who want a CySEC-listed broker with publicly verifiable entity details, Traders comparing U.S. equities-focused platforms and MT4 av | Colmex Pro review |
 CMC Markets | 69.5 | FCA | Next Generation, MT4, MT5 | Traders who want a well-documented broker with clear public legal disclosures, Users who value proprietary platform depth alongside MT4/MT5 | CMC Markets review |
 Interactive Brokers | 68 | SEC, FINRA | IBKR Desktop, IBKR Mobile, Trader Workstation (TWS) | Experienced traders who want a broad platform lineup, Users who value detailed public disclosures, Clients who want multiple funding and acc | Interactive Brokers review |
Alternatives are sorted by the TopOnlineForexBrokers comparison score as of July 2, 2026. The score is not a safety guarantee.
Common questions
Is ETFinance safe?
Safety isn’t guaranteed by the brand name alone. The crucial step is verifying that the exact legal entity is authorised for your service and jurisdiction, and confirming their status on the relevant regulator register or warning list.
Is ETFinance regulated?
We found no current, reliable official regulatory record for ETFinance in this research. Always confirm the exact legal entity on the appropriate regulator register before opening an account.
What is the ETFinance minimum deposit?
No dependable public source verified a current minimum deposit. Avoid relying on outdated marketing or screenshots. Confirm funding terms in the broker’s official legal documents.
Which platforms does ETFinance offer?
No trustworthy current official information confirmed platform availability. Treat platform details as unverified until you see the broker’s up-to-date product pages or legal terms.
How do deposits and withdrawals work?
We could not verify ETFinance’s payment methods or processing times from reliable sources. Always check the broker’s current funding policy before transferring money, as payment and withdrawal rules impact your practical protection.
What should I do before opening an account?
Verify the legal entity, regulator registration, fees, platform, and funding rules in official documents. Then check for any warning-list entries under the same brand or firm name.
Sources for this broker review
Use these records to recheck the legal entity, account terms and current product details before opening an account.