✔️ Information reviewed and updated in April 2024 by Pedro Martínez González
In this section we will tell you why You should NOT invest in ETFinance. We analyze the website, we observe every detail and we examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation…
A pocas palabras WE DO NOT RECOMMEND IT. Below we will show you essential information about ETFinance and we will tell you why we came to such a conclusion:
Basic Information
| 🌐 Website | etfinance.com | etfinance.eu |
| 🏠 Company* | Magnum FX (Cyprus) Ltd |
| ️ Regulatory | CySEC |
| [email protected] | |
| 📈 Leading | MetaTrader4 (MT4) |
| 📌 Direction | Cyprus |
⚠️ ETFinance is owned by Magnum FX (Cyprus) Ltd, the company is located in Cyprus, a potentially dangerous tax haven for its clients due to its lack of regulation and lack of seriousness. Clients are unprotected. The company is located in a very unsafe place, be careful. ⚠️
Account types
Now we move on to analyze the account types that ETFinance offers, in this case, we note that it does not offer account types.
Information on the web
ETFinance provides an explanation on the products that ETFinance offers, explanation on basics of the investing world, really not much more than this, some live charts, really not much more than this.
List of phone numbers
- +8006 003 7004
- +357 25 053 547
🚫 ETFinance Final Valuation 🚫
Finally, and in a few words, our recommendation is: DO NOT INVEST WITH ETFinance.
As we mentioned before, it is a financial company located in a place where you will not have protection from the law in case of being harmed, that is, you will not be able to claim anyone if an unfortunate event occurs such as the sudden loss of your funds or the closure of the company.
In case of problems, it is most likely that the authorities of your country will not be able to do anything. As a client of this company you are unprotected!
Investing with unregulated brokers or brokers based in such countries is very risky. It is best to invest with a regulated broker, based in a serious country.
Updates
News about ETFinance:
| Date | Update – news |
|---|---|
| January 2023 | At the moment we have no news to share. |
User Reviews
What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with ETFinance.
At the end of the review you will find customer comments.
How to Claim Money Scammed by ETFinance
If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.
How to Report ETFinance
If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.
FAQs
How can I report ETFinance?
This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.
Is ETFinance a scam – is it a scam?
Yes. We believe that ETFinance is Scam. We have received messages from clients who mention not being able to withdraw their capital, this added to other very negative characteristics of the company.
Is ETFinance reliable?
No. ETFinance is not reliable, it is a very unsafe company: 1) is based in unsafe countries, 2) has a very bad reputation 3) has a lot of complaints 4) It is a relatively new broker without seniority. These characteristics make the company very unreliable.
How to recover money from ETFinance?
If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.
Are there (recommended) alternatives to ETFinance?
Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.
The people who work for Etfinance do not have the slightest idea of what they are doing, they only seek to take money from people, they do not know how their platform works and even less about how to trade, please do not work with it, just they want users to lose money
Hi Vixtor, thanks for writing about ETFinance. Currently this broker is considered a SCAM.
If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.
If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.
To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.
If you want to recover your money go to our chat or check the form in this link: CLAIM YOUR MONEY
Greetings.
Two days ago I made an investment of 215 euros, I don't know how it will go, I don't know if I lose my investment or earn money with this platform, I have many doubts,
Hi Juan Carlos, thanks for writing about ETFinance. Currently this broker is considered a SCAM.
If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.
If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.
To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.
If you want to recover your money go to our chat or check the form in this link: CLAIM YOUR MONEY
Greetings.
Hello, my experience with etfinance is not being good, I have started losing a lot of money, the application does not work well and I cannot see when I want what situation my money is in, nor can I operate with it and when I request that you contact me the broker is not available.
In my experience I would not recommend it.
Hello María Eugenia, thanks for writing about ETFinance. Currently this broker is considered a SCAM.
If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.
If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.
To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.
If you want to recover your money go to our chat or check the form in this link: CLAIM YOUR MONEY
Greetings.
Hello, well, they would like my money back or what is left of it since I have not carried out any operation and they told me that if I did not agree, they would return my money. I am waiting since even calling the phones I do not speak to anyone but They take your call, I hope I know something because I wouldn't like to report something I don't know about but I want what is mine
Hi David, thanks for writing about ETFinance. Currently this broker is considered a SCAM.
If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.
If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.
To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.
If you want to recover your money go to our chat or check the form in this link: CLAIM YOUR MONEY
Greetings.
Hello, I want to invest but I'm not sure, someone can tell me if this investment is safe to do so.
Hello Carmen, we recommend looking at our ranking: https://brokersrecomendados.com/brokers-recomendados-2021/
Greetings.
Hi carmen! We want to clarify that we are a company that complies with the requirements of the law to operate, in fact, we have a rigorous regulation that constantly audits our processes, every day we work to provide an excellent service to our clients. For more information see here: etfinance .eu / es / regulation? Atag = M-ORM-regulation. Any concern will be resolved by the area in charge through our official channels. Telephone line +357 25359939 or email [email protected]. Greetings. ETFinance.
In the end in their investigations, they come to the conclusion that, is it safe to invest in ETFinance.eu?
Hi Yony, the new ETFinance review is now available at this link:
https://brokersrecomendados.com/etfinance-comentarios/
We recommend that you read it and make your own decision.
Greetings.
Hello, is anyone investing with company stocks? I have some doubts. I am not sure which product to invest in and I would like someone to write me, as I say, I have some things I want to ask. Thanks.
Hi Eduardo, thanks for writing about ETFinance. Currently this broker is considered a SCAM.
If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.
If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.
To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.
If you want to recover your money go to our chat or check the form in this link: CLAIM YOUR MONEY
Greetings.