✔️ Information reviewed and updated in April 2024 by Eduardo López
IS ETFinance RELIABLE? OPINIONS
In this post I will analyze ETFinance.Is the ETFinance (also known as etfinance.eu) broker really reliable? Is it safe to invest your money with this company? I will examine this company in detail.
I will explain to you why I believe that ETFinance is an UNSAFE company AND I CONSIDER IT AS UNRELIABLE. BE CAREFUL WITH THIS KIND OF COMPANIES!
ℹ️ BROKER DATA:
Here are two things that I would like to highlight, (1) the first thing that is important to know is about its regulation and (2) the second is the location of the company. These are two data of vital importance to be able to measure the seriousness and reliability of a company.
Does the company have no regulation or is it regulated by an unserious country? Is the company located in an unreliable place or does it not mention where it is located? These are questions that every investor should ask about the reliability of the company.
| Information | About the company |
|---|---|
| (I.e. Company | MAGNUM FX (CYPRUS) LTD |
| ???? Direction | Cyprus |
| 📄 Registration | Not mentioned |
| 🛡️ Regulapain | CySEC (Cyprus) |
| ️ ️ Phone | +8006 003 7004 |
| [email protected] | |
| 🌐 Website | etfinance.eu |
| ???? Live Chat | Yes |
| ❓ Company type | Forex and CFDs |
📞 LIST OF PHONE NUMBERS:
+8006 003 7004
💰 DEPOSITS AND ACCOUNTS:
Here is a small analysis of the types of accounts that ETFinance offers; They are divided into 3 accounts: Silver, Gold, and Platinum. Here is a table with a little more information about minimum deposits by account type.
| account type | MINIMUM INITIAL DEPOSIT |
|---|---|
| Silver Account | - |
| Gold Account | - |
| Platinum Account | - |
🌐 WEBSITE – WEBSITE:
Below you can see the company's website:
When analyzing the ETFinance website, we can notice that they offer educational resources, information on the different types of accounts, an explanation of the products where the capital is invested, the location of the company and the means of contact.
If it makes me a little nervous that they mention their regulation and it is a very unsafe regulation.
Another unfavorable point is the location: it is in a very unsafe place, be very careful!
⭐ ETFinance OPINION:
After having carried out an analysis of the company, I have come to the following conclusions:
1)The company is located in an unsafe place
2) It has a very bad regulation
3) The company has no seniority, it is a company without a track record
4) The company has a very bad reputation on the internet, I have already been able to find customer complaints
“To be honest with you, I would not invest in this type of company, it has many points against it, I do not recommend it. Everything seen indicates that ETFinance is unreliable and it is a very unsafe company.”
💬 USER REVIEWS:
I have come across various negative reviews, claims, complaints and negative feedback on ETFinance. I honestly think they are a very unsafe option. In addition to this, you can find more comments and opinions from users and customers of the company at the end of this review.
Are you an ETFinance client? Do you have something to tell me about them? I invite you to leave your opinion too!
📣 LATEST UPDATES:
At the moment we don't have any update
✔️ CLAIM MONEY FROM ETFinance:
If you have been scammed, then I explain, in my opinion, one of the most effective methods to recover capital. If you do it on time and with a serious company, it is highly effective.
We work with a capital recovery service. here you can start money recovery.
In a few words, we use the chargeback method or capital withdrawal, with this method what we do is ask the bank or Visa, or Mastercard (depending on how we send the money), to return our capital, since we have been scammed. In order to recover it, we have to prove that we have indeed been scammed.
If you have been scammed, it is the option that I recommend, we work with a totally serious and safe capital recovery company.
🚨 REPORT ETFinance:
If you have been scammed by this company and you want to report it, I think the best option is to contact the financial regulator of the country where you live. Report what happened to the regulator. Here are some examples of financial regulators by country:
🇦🇷 Argentina: the financial regulator is CNV, here you can get in touch
🇧🇷 Brazil: the financial regulator is CVM, here you can get in touch
🇨🇱 Chile: the financial regulator is CFM, here you can get in touch
🇨🇴 Colombia: the financial regulator is the Financial Superintendence, here you can get in touch
🇪🇨 Ecuador: the financial regulator is SUPERINTENDENCE OF BANKS, here you can get in touch
🇪🇸 Spain: the financial regulator is CNMV, here you can get in touch
🇺🇸 United States: the financial regulator is FINRA, here you can get in touch
🇮🇹 Italy: the financial regulator is CONSOB, here you can get in touch
🇲🇽 Mexico: the financial regulator is CNBV, here you can get in touch
🇵🇪 Peru: the financial regulator is SBS, here you can get in touch
If your country is not on the list, leave a comment and I will gladly help you!
❓ FAQS – FREQUENTLY ASKED QUESTIONS:
ETFinance is a Forex and CFDs company.
In my opinion it is, I think it's a scam. Taking into account different characteristics of this company, I must qualify it as a very bad and very unsafe one.
ETFinance is a company that I consider to be UNRELIABLE. It has characteristics that make it a very unsafe company: be very careful.
If you have lost your money or been scammed, I recommend you try the capital recovery service.
If you want to close your account write an email requesting it to the company's support email.
It is a company regulated by CYSEC which I consider as a very unserious and safe regulation, be careful.
If you want to know a safe and reliable company, I invite you to see the ranking of best brokers and you can also check the 3 best brokers of the month.
Leave me a comment on this review, if you scroll down, at the end of the review you will find the comments section. Leave me a comment with your question and we will answer you as soon as possible.
They are offering me to invest, I am afraid, I do not want to lose my savings or be scammed. do you have information? Thank you so much!.
Hi David, ETfinance is a SCAM, we have received many complaints from investors, for not return the moneyshould never be invested in a broker that does not have REGULATION.
They create a lot of positive comments about themselves that are LIES!, they want to confuse investors and pass themselves off as a legal company but it's all a lie! If you tell them about our articles, they say that we are part of the competition and that is also a lie! (We are dedicated to reviewing brokers).
When you want to withdraw your capital or your benefits, if they make excuses and tell you to pay commissions or another type of ransom, you will know that they are scamming you, do not fall into that trap, those commissions are not realThey try to take more money from you.
If you would like to recover the money you can do it from the CHAT from our website or by filling out the form at this link: Get your money back, we are with you
Greetings.
This company owed me €9000.
My experience with them was positive.
during the first year.
I really don't really know what happened.
I recently heard of several complaints from several affected like me.
Hello Laura, ETfinance is a SCAM, we have received many complaints from investors, for not return the moneyshould never be invested in a broker that does not have REGULATION.
They create a lot of positive comments about themselves that are LIES!, they want to confuse investors and pass themselves off as a legal company but it's all a lie! If you tell them about our articles, they say that we are part of the competition and that is also a lie! (We are dedicated to reviewing brokers).
When you want to withdraw your capital or your benefits, if they make excuses and tell you to pay commissions or another type of ransom, you will know that they are scamming you, do not fall into that trap, those commissions are not realThey try to take more money from you.
If you would like to recover the money you can do it from the CHAT from our website or by filling out the form at this link: Get your money back, we are with you
Greetings.
Here they respond well to the comments but when you ask them for the money you don't see ANYTHING they are top-notch scammers of the scam
Hi Luis, ETfinance is a SCAM, we have received many complaints from investors, for not return the moneyshould never be invested in a broker that does not have REGULATION.
They create a lot of positive comments about themselves that are LIES!, they want to confuse investors and pass themselves off as a legal company but it's all a lie! If you tell them about our articles, they say that we are part of the competition and that is also a lie! (We are dedicated to reviewing brokers).
When you want to withdraw your capital or your benefits, if they make excuses and tell you to pay commissions or another type of ransom, you will know that they are scamming you, do not fall into that trap, those commissions are not realThey try to take more money from you.
If you would like to recover the money you can do it from the CHAT from our website or by filling out the form at this link: Get your money back, we are with you
Greetings.
Hello Luis. For us it is extremely important to be able to clarify the doubts that you are presenting about our reliability, so through various points we would like to provide you with more information and if you have more doubts, contact us through our official channels mentioned below. At the moment, we can tell you that one of our characteristics is that we have a regulation, which is important for every ONLINE platform to have, since it verifies that the processes and services are being executed correctly, you can check ours here www. etfinance .eu/es in the tab “legal documents
Where are we located? ETFinance is the trading name of Magnum FX (Cyprus) Ltd., a company registered in Cyprus under registration number HE360548, regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 359/18 and located at KPMG Center, 1 Agias Fylaxeos Street, 1nd Floor – Office 3025, XNUMX Limassol, Cyprus.
By this means can I receive solutions? By this means we do not have enough information, so we are a bridge to transmit requests and disagreements to the area in charge and trained that is Customer Service. They are waiting for you to send your complete information (full name, registered email and telephone number) and the details of what happened to the email [email protected] and thus communicate with you over the course of the days and it is with them that they can come up with possible solutions. We also share our telephone number +357 25359939. ETFinance.
What we have to do is speak to Cyprus so that they take away the license of this group of thieves. I have already filed my complaint. I invite you to report them and see if together we can get their license taken away. This is the license number of etfinance 359/18 the group of thieves the company is called Magnum FX (Cyprus) Ltd here we can file a complaint with CYSEC the regulator of cyprus who regulates etfinance https://www.cysec.gov.cy/en-GB/complaints/how-to-complain/ref/
I think if we write enough people we will get their license taken away or at least put behind bars this whole group of thieves called etfinance. I ask all those affected to please report them immediately.
Hello ETfinance are scammers, ETfinance is a SCAM, we have received many complaints from investors, for not return the moneyshould never be invested in a broker that does not have REGULATION.
They create a lot of positive comments about themselves that are LIES!, they want to confuse investors and pass themselves off as a legal company but it's all a lie! If you tell them about our articles, they say that we are part of the competition and that is also a lie! (We are dedicated to reviewing brokers).
When you want to withdraw your capital or your benefits, if they make excuses and tell you to pay commissions or another type of ransom, you will know that they are scamming you, do not fall into that trap, those commissions are not realThey try to take more money from you.
If you would like to recover the money you can do it from the CHAT from our website or by filling out the form at this link: Get your money back, we are with you
Greetings.