Learn Forex Trading With ETFinance

ETFinance

ETFinance is authorised Cyprus Securities and Exchange Commission (CySEC), and it is the operating name of Magnum FX Cyprus Ltd. The brokerage company offered 250+ CFDs instruments on different types of assets like forex, cryptocurrency, stocks, commodity and indices. The trading platform of the ETFinance is MetaTrader 4, Web Trader, Mobile Trader. ETFinance offers commission-free trading to all traders. The minimum deposit required after opening the account with ETFinance is $250.

ETFinance is an amazing broker in the market and provides the best features and services to traders. 

The tradable assets of the ETFinance are:

Forex: 50+ currency pair on which the trader can trade. 

Indices: 20+ assets

Stocks:150+ stocks are available for trading 

Commodity: 17+ commodities in which the topmost commodity is available for trading. 

How to open an account with ETFinance?

The trader has the option of five types of trading accounts which account is suitable for trading according to need. You have to deposit the initial amount of money after opening a trading account with ETFinance that is $250. 

Here are the details for opening a trading account with ETFinance step by step. 

  1. Firstly, the trader has to click on the open account option on the official website of ETFinance www.etfinance.com and fill in all the necessary information such as name, age, address, country, etc. Keep in mind, the information you fill in should be authentic.  
  2. Give answers to questionnaires. 
  3. Verification of documentation such as driving license, bank statement, bank passbook, etc. takes place. It is the responsibility of traders to provide government ID cards. 
  4. Choose a payment method system like Credit Card, Wire Transfer, etc. 
  5. In the end, a trader has to deposit the money into the account that is $250. 

After the trader applies for account opening within 2 to 3 days, the account will be ready for trading in the market. Initially, the trader has to understand the platform and how to use the tools and indicators at the right time. 

Before starting trading, with ETFinance, the trader has a wide variety of trading accounts, and every account has great features. The brokerage company offers mainly five types of trading accounts. 

  1. Silver account
  2. Gold account 
  3. Platinum account 
  4. Demo account
  5. Islamic account

After you learn the trading in a demo account, you have to choose a real account for trading with actual money. 

How to get a demo account with ETFinance?

The brokerage company offered the demo account for the newcomers in the market. The beginners in the market gain knowledge from the demo account and learn all the basic rules and strategies, which is helpful while trading, and select the best strategy for trading. 

  1. The trader with fake money uses it. 
  2. It is like the original platform; there is no difference between them both. 
  3. The demo account has all types of functions such as tools, indicators, etc. 
  4. The trader learns better with the demo account. 

The demo account of ETFinance has all the options which are related to the trading. Before investing the real money in the market, the demo accounts are necessary for the trader to become familiar with the platform and know better when to use real money. 

According to the experts in the market, the demo account is the best option for beginners to use the fake currency in trading, and it is entirely the same as training with actual money; there is no difference between both trading. 

How to use a chart with ETFinance?

The brokerage company offers the different types of trading charts through trading platforms: 

MetaTrader 4

  1. Toolbar: The toolbar is the only thing in MetaTrader 4 that shows the different types of options for the shortcuts of the platform. 
  2. Charts: The major sections of the screen is divided into different types of charts for trading.
  • Bar chart: The bar charts in which the different bars are located, and each bar stands for the price movement in a specific period of time.
  • Line chart: The line chart is the simplest representation of the price in which the line flows continuously, direction up or down according to the market.
  • Tick chart: A tick chart shows the price changed because of the single trade. It is basically shown after the number of trades has happened. The tick chart shows something different from the other charts.
  • Candlestick chart: It is similar to the bar charts; the candlestick chart also shows the price movements (low, high closing and opening). The currency pair you select for the graph shows how much currency is given to purchase another currency.
  1. Market watch: On the left side of the windows screen, the list of the market is shown with the ask and bid price.  
  2. Navigator: It is the advanced level of tools where all the indicators, expert advisor and script. It is located on the bottom of the left side. 

How to customise the charts with ETFinance? 

After opening the chart option on the platform, click the right button and select the properties option on the menu.

Right-click on the corner’s colour tab, you select the chart from various options such as candlestick chart, bar chart, line chart, etc. 

Once you select, then save it as a template, click the template tab on the toolbar, select the template you save, and start trading with customisable charts. 

The trader of the ETFinance will get multiple tools and indicators for trading. 

  • Average Directional Moving Index
  • Bollinger Bands
  • Envelopes
  • MACD
  • RSI
  • Ichimoku Kinko Hyo
  • Moving Average
  • Parabolic SAR
  • Standard Deviation

The chart is used in the form of different types of colour, so it will be easy to understand the meaning of each chart. 

  • Like background colour of charts, price bar and indicators, special colour
  • Set the different types of fonts and sizing of the text. 
  • Once you customise the charts, then you can use them in future also. 

Charts are essential for the trader because they can be helpful to predict the market price in the future and show when to enter and exit the market on time with a high level of profit. 

Here are the remaining tools and indicators used by traders on the common platform, like mobile trader and web trader.

  • Economic calendar
  • Earning report seasons
  • Trading courses
  • Assets hub
  • Investment chapters

How to use leverage in funds for a broker?

Leverage is essential for a trader who has less money to invest in the market. It helps in increasing the value of the actual investment by the trader. The brokerage company offers 1:400 leverage to professional traders and 1:30 to retail traders. 

In simple words, a trader is paid only the margin money for the investment; for example, if the traders invest $1000, traders need to invest the $2.5 in the remaining trading amount paid by the broker. 

Leverage amount is beneficial for the traders to make a higher profit in trading. But it is risky if anything happens in trading and traders lose their money in trading, then the trader has to pay the leverage amount to the broker. 

On the based of different types of trading account 

Leverages in the silver account

  • FX 1:3
  • Gold and silver 1:20
  • Indices 1:20
  • Commodities 1:10
  • Equities/ stocks 1:5

Leverage in the gold account

  • FX 1:400
  • Gold and silver 1:100
  • Indices 1:100
  • Commodities 1:100
  • Equities/ stocks 1:40

Leverage in the platinum account

  • FX 1:400
  • Gold and silver 1:125
  • Indices 1:125
  • Commodities 1:125
  • Equities/ stocks 1:50

How to Deposit funds in the broker account?

The deposit and withdrawal option of the ETFinance broker is via Credit Card, Wire Transfer, Neteller, MasterCard, etc.

A trader can deposit unlimited money in trading without any issue; the broker doesn’t charge any commission while depositing the money into the account.

ETFinance is entirely secure and safe for the trader to deposit the money into the account. The data security of the ETFinance in the market is impressive where the trader is satisfied with their security. 

The trader doesn’t face any problem by the side of the brokerage company while depositing the money. The brokerage company offered different types of trading platforms such as mobile trader, WebTrader in which the trader can deposit the money into the account. 

How to contact customer support in ETFinance?

The customer support service is available for the problem solving of traders. The trader has various types of options to contact the customer support like:

Email: [email protected] 

Phone number: +8006 003 7004

Live chat: From Monday to Friday 7 am – 7 pm GMT

Address: Agias Fylaxeos Street, 3025 Limassol, Cyprus.

You can reach the customer executive easily. One thing highlighted in the market is that the ETFinance solves the problem immediately within a minimum time of the traders. 

All the customer support employees have a lot of experience to solve the trader’s problem and provide trading facilities to the traders. The platform has to provide a dedicated account manager who manages all the things related to the trading for the professional account holder. 

What is the procedure to withdraw funds from a trading account?

In forex trading, if the trader is earned a lot of money, it will require withdrawal by the trader.

  • Credit card
  • Debit card 
  • Wire transfer 
  • Neteller

The broker will take time to withdraw the money because it is the complete process for the trader. The brokerage company charges the broker’s withdrawal fee if the trader withdraws a lot of money from the trading account, and the fee is around 50 euros. 

The withdrawal request is made after 11 am GMT on a working day. After submitting a request, the trader can choose the payment method for withdrawal. 

The Bottom Line 

This article is all about the ETFinance vital features and the advantages of trading with ETFinance in the market. It is clear that the brokerage company offers the best services to the traders, and it is easier to open an account with ETFinance in the market.

The topic covered in this article is all the general topics that everyone has confused, so try to understand and choose a reliable broker like ETFinance. 

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