Broker Review · last checked July 2, 2026
ETFinance Review
ETFinance is a name to handle cautiously. Public information is scarce, so it’s crucial to verify the firm on the UK Financial Services Register or Warning List before making any deposit. (fca.org.uk)
- Public regulator checks are the priority
- Official website evidence was limited in search results
- This page focuses on verification, not marketing claims
ETFinance at a glance
ETFinance currently presents as a higher-risk legacy broker brand: the current official site exists, and the broker’s documents still reference Magnum FX (Cyprus) Ltd and CySEC licence 359/18, but CySEC records show that licence was voluntarily renounced and later withdrawn. FCA actions also show the brand was subject to UK restrictions in 2020.
Trade-offs in the ETFinance offer
Pros: The brand name can still be found in searches, allowing some groundwork for verification. Cons: Searches uncovered limited official evidence, no trustworthy current proof of regulation, platform details, fees, or funding terms. Brand recognition alone offers little assurance. (fca.org.uk)
Entity and regulation table
| Entity / brand | Regulatory status | Regulator / register | Evidence notes |
|---|---|---|---|
| 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| MAGNUM FX (CYPRUS) LTD | Partial suspension / later withdrawn | CySEC decisions | CySEC partial suspension announced 01 Jun 2020; withdrawal of CIF authorisation announced 14 Feb 2023.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. |
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.
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 | Read 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 | Read 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 | Read 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 | Read 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 | Read review |
Alternatives are sorted by the TopOnlineForexBrokers comparison score as of July 2, 2026. The score is not a safety guarantee.
ETFinance: the practical conclusion
The publicly available information on ETFinance does not support treating it as a straightforward, low-risk broker. Notably, searches failed to reveal a clear official website or reliable current product details. FCA guidance is explicit: always check firms on the Financial Services Register and Warning List before engaging. This review serves more as a guide for due diligence than a direct product comparison. (fca.org.uk)
ETFinance: authorisation, entity and client protection
With ETFinance, the critical question isn’t about spreads or leverage but whether the exact legal entity is authorised for your service and jurisdiction. FCA guidance states authorised firms appear on the Financial Services Register, while those warned against show on the Warning List. Using an unauthorised firm means you might lose access to the Financial Ombudsman Service in the UK and face weaker protections if issues arise. (fca.org.uk)
ETFinance: published costs and platform terms
We couldn’t find reliable, current official information on ETFinance’s account offerings, minimum deposits, spreads, or platform availability. This absence itself signals caution. Before funding any account, confirm the legal entity, published fees, order execution policies, and platform details directly from the broker’s official documents and cross-check with regulator records. (fca.org.uk)
ETFinance: payment routes and cash-out terms
No current official sources confirmed ETFinance’s deposit or withdrawal methods, processing times, or fees. Don’t assume support for cards, bank transfers, e-wallets, or cryptocurrencies unless the broker’s legal terms explicitly state so. Payment terms can significantly affect chargeback rights, withdrawal speed, and dispute resolution, so review them carefully before your first deposit. (fca.org.uk)
ETFinance: where access needs confirmation
We make no broad claims about ETFinance’s availability across countries. Access may vary by legal entity, regulator, and target market. UK regulations require checking a firm’s status on the FCA register rather than relying on website notices. If the broker’s status is unclear, consider it unavailable until the entity is verified for your jurisdiction. (fca.org.uk)
Alternatives to check first
When comparing brokers, focus on those with a clearly identifiable legal entity, an up-to-date regulator record, and fully published fee and funding information. For UK users, start with the FCA Financial Services Register and Warning List, then review the broker’s legal and pricing documents before proceeding. (fca.org.uk)
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.