✔️ Information reviewed and updated in May 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.
SÃO UNS GRANDES VIGARISTAS AND DON'T REFUND ME THE MONEY
Hi Graça, 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.
ETFinance is a MOCKING company and SÃO UNS GRANDES VIGARISTAS
São uns vigaristas. Roubaram-me 215,00 and do not return the money. I will present my complaint to all the Portuguese and foreign Authorities.
Good afternoon, GRACA. We want to thank you for your comment, we are really sorry for the situation you are commenting on, we would like your experience with our platform to be positive. Therefore, we invite you to share your dissatisfaction through our official channels that we will leave at the end of this comment. Please note that we need your registered customer information to find your history and understand your case. Send an e-mail to [email protected]In this way we will identify possible inconsistencies and offer possible solutions. Name of our telephone line +357 25359939. ETFinance.
Hi Graça, 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.
My name is Juan Carlos. ET FINANCE a big SCAM
I started with €250 and they pressured me to invest more money for five days, my broker calling me, I told him that I wanted to try this amount since I am not an investor either and after 2 weeks they stopped calling me and looking at my numbers, I began to show positive earnings small, well we were doing well and a month later it turned out that at 00,00:25 on May 50 the accounts that I had in positive were deleted and the negative ones were closed, that is, they automatically left me with €XNUMX in the account. When asking to be called (many times) and after several messages NOTHING.
and they are a sponsor of the Real Madrid Basketball team
I think I'm going to direct my complaint to Real Madrid if someone wants, I'll leave my mobile number and that's how we make weight
tell me 606742082
Hello Juan Carlos. What you comment is an opportunity to evaluate and improve our processes, for which it is very important to delve into your case. As a Digital Platforms team we do not have the pertinent information to give you assertive guidance through this channel, so we invite you to reference your complete case, confirming if the data you have provided in this message is the same with which you registered your account through of our official means mentioned below, so we could review your history and look for alternatives, as possible. For now, we will share your comment with the Customer Service area that will be attentive to your next communication. For us, the accompaniment, good treatment and detailed advice from the representatives to our clients is essential. Likewise, it is important to highlight our risk disclosure that is always found on our website: “CFDs and derivatives are leveraged products and carry a high level of risk. Trading with such financial instruments may result in the loss of all invested capital. Make sure you fully understand the risks involved before making any investment decisions." (Expand risk disclosure at the following link: https://etfinance-fo-content.s3.eu-central-1.amazonaws.com/Content/Documents/Risk+Disclosure_ES.pdf). Remember our official channels email [email protected] or telephone line +357 25359939. ETFinance.
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.
Very good,
I want to denounce to the whole world that this company called etfinance is the biggest scammer that exists because they tricked me into opening a PROFESSIONAL account for 5000 euros without having any idea, and two days later they forced me to enter another three so as not to lose all the money. capital, come on, that the third day when I enlightened myself and realized the scam I closed all the operations and they kept 4988 euros that I had lost. As a solution to the complaint I made, they told me that if I saw that the broker (with me her name was Sandra) would force me to enter, why didn't I hang up the phone, that I'm mature, come on, and that nobody forced me to jump off the balcony, that is to say that I threw myself alone, …
FLEE WHEN YOU HEAR ABOUT ETFINANCE!!!
🙋♂️💝💝
Hi, SAINT. Your case is very important to us, since each of our clients' experiences are opportunities for improvement in our processes and we regret the inconveniences presented. On several occasions we have shared with you that to investigate these types of cases we have different official channels through which our Customer Service team is available to provide you with an assertive response and possible solutions to your situation. So we hope that you have already sent your complete information (full name, registered email and telephone number) in this way we can contact you directly and you can expose all the details of your experience. We remind you that if you have questions about our regulation and its details, you can consult it here www. etfinance .eu/es/regulation in charge of supervising all our processes, complying with the requirements that the law requires for them to function correctly. We await your information via email [email protected] and phone number +35725359939. We are waiting for your response. ETFinance.
Hi San, 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.
https://www.ocu.org/reclamar/lista-reclamaciones-publicas/reclamacion-publica?referenceId=CPTES00766520-26
Here I relate the horrible experience that fell on me as a Christmas present from these evil Etfinance!
DON'T COME CLOSE TO THEM!!!
It perplexes me that they have the nerve to respond to comments accusing them of STEALING at armed hands from people with little or no financial knowledge (in my case of forex, zero).
They tricked me into opening (after I got into a demo account to learn) a payment account with 215 euros, and the next day a certain Sandra kept me on the phone (in the first comments I read about Diana, maybe there is another one or is it the same one that is presented to each one with another name) more than an hour to agree to deposit 5000 euros to open a PROFESSIONAL account, which I had no idea, so I had to open their tips 40-50 trades to receive approval thereon. And the next two days she called me and pressured me to deposit more, threatening to lose everything up to 8215 euros. On the third day I totally refused, and I couldn't believe my ears listening to my aunt yelling at me to fall down and listen, that I have to put more in, how could I get in yesterday and the day after yesterday... To top it off, telling her that I have nothing, that I put everything I had liquid money in the house and I don't even have bread for tomorrow, his answer left me KO. "I don't believe you don't have money, if you didn't have it you wouldn't be here" (by the way, for the account procedures I sent him my application for unemployment benefit, where I had been for more than three months.
In the Facebook link there are more details.
FLEE FROM THIS ETFINANCE RUBBLE!!!
… WHAT HARD FACES!!!
Hi Sandel, 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, SANDEL ROBERT TUDORACHE. Your case is very important to us, since each of our clients' experiences are opportunities for improvement in our processes and we regret the inconveniences presented. Regarding the concerns you have, we have official channels in which our Customer Service team is available to provide you with truthful answers and possible solutions, since by this means we do not have enough information. So we suggest that you send us your information and so we can communicate with you directly and we can clarify the situation. Email [email protected] and phone number +35725359939. We are waiting for your response. ETFinance.
ETFINANCE AND BANG CHYS TAKE CARE OF INVESTMENTS €250 THEY CHANGED THE ACCESS AND PASSWORD OF MY ACCOUNT AND RESET ALL THE MONEY I MADE A VIDEO ON YOUTUBE TO DISCLOSE ABOUT THESE SCAMMERS FOLLOW THE VIDEO LINK
https://youtu.be/kr-ziI6DgNo
Hi Broker, 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.
Good day, INTERPOL AGENT. We're sorry you had to go through this. We reviewed your video and it is very delicate or that you comment because it is an improper process for which you passed, so to be more assertive in the investigation, the possible solution is necessary to send your data in response to the following questions. Did you manage to do any surgery? Você se lembra das indicações que seu assessor lhe deu? Send your case to our Customer Service Team in [email protected] Or link us to +357 25359939. We also clarify that the news that you mention in the newspaper El Mundo, is not part of our advertising content. Our official advertising is on our official channels, as well as our website and social networks. We are attentive to yours
I have also been scammed as in the previous comments that I have read and they have called me from the different telephone numbers and they say that they operate in Cyprus.
A broker called DIANA calls you all the time to invest and if you want to earn more, you have to deposit more money.
Seeing that it was NOT possible to get more money from me to invest, what they do is on the platform, all the money invested was absorbed by a bad investment and thus you lose all your capital.
My loss is little 325 euros. I already had experience with another platform called FXGM. There are also other professional scammers who act in the same way. In this one they scammed me 5000 euros three years ago.
I made the deposit in November and I went on vacation in December. They contacted me on January 20 to return from my vacation. The first thing they told me was that they had charged me 80 euros for not operating and without having an open account on the platform in my name yet. What scammers.
Then they open your account on the platform and you start trading and they make you see profits so you can invest more and so they steal little by little and when you want to withdraw you can't and the system of their platform won't let you.
I HAVE NOT BEEN ABLE TO UNDERSTAND HOW THESE PLATFORMS THAT ARE DESIGNED TO STEAL OPERATE AT THE INTERNATIONAL LEVEL.
Hello Fred. We regret your perception about us. It is important that you know that we have a regulation which you can validate at the following link: http://bit.ly/2UTyKaL. Now, we want to clarify your doubts and that is why we invite you to contact us at the telephone line: +357 25359939 or write to our customer support address. [email protected]. Greetings. ETFinance.
Hi Fred, 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, does anyone know how to close an etfi account?
Hello Valentine. We want to inform you that we do not handle any type of charge for account inactivity. However, if you wish to cancel your account, you can send us an email to [email protected] with your personal data or contact us at the telephone line +357 25359939. ETFinance.
Hi Valentin, 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.
I do not understand how Madrid has allied with these scammers, I suppose that money corrupts and buys a sufficient amount, these people are scammers, just like their CYPRUS regulation, which is garbage, totally useless because the claims to garbage Cyprians are left in nothing, here they answer messages but they never return your money SMALL SCAMMERS
ETFINANCE = FINANCIAL RUIN
not to mention the FAKE ads used by SCAMMERS
Hello "Scammed by etfinance". We regret what happened with your case, however, it is a great source to be able to investigate and provide an assertive response to what you express. Please contact us by email [email protected] Or also, provide us with a contact telephone number or email to contact you back. ETFinance.
Hi Swindled, 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.