ETfinance: Pros and Cons

Although new in the market as it has been founded in 2018.it is really interesting to see ETfinance’s impressive CFD broker‘s mission to rapidly attract the industry by giving superior value in a simple package to traders all over Europe.

zero commission trades. minimum spreads, and a well-equipped suite of tutorial videos and articles. although in the budding age, ETFinance has already gained the loyalty of thousands of traders, bagged a sponsorship with the Real Madrid basketball team, even has 2019’s cryptocurrency broker award in his plate.

ETFinance serves as one of the best options for traders who want a high-quality, low-cost environment in which they can invest in any market.

ETfinance PROS 

1) You will find Impressive variety of over 200+ tradeable assets here, something that is comparatively huge as the company has just started.

2) Fast STP execution and tight variable spread- there are two prices you need to be aware of whenever you place a spread bet or trade CFDs. The first is the offer or what we also call as  the buy price. The price that one will  pay to buy an asset is called the buy price. The other price is the bid or sell price, which is nothing but the price you can sell an asset at. dont forget the bid price will always be lower than the offer price. The difference between these two prices is what we  call as spread.

3) No commissions or trading fees- first let us see what actually commission means. It is a service charge assessed by an agent or investment advisor for rendering investment advice or handling possession and sales of securities for a client.

4) Leverage of up to 1:30 available for every trader- Leverage is the ratio of the trader’s funds to the size of the broker’s credit. In  simple terms, leverage is a borrowed assets to increase the possible gains. The Forex leverage size usually surpasses the invested funds for several times.

5)Valuable compilation of educational resources– this helps in learning closely and getting all the information about trading at once.

As everything good comes with something bad. Even this has some Cons which we are going to see now

1) Trading platform unavailable to users based in the USA– we all know that the USA has a huge market, its unavailability for US is a bit troubling but if you are not a resident of the US but of somewhere else then you can take advantages of ETfinance and its services.

2) Scarcity of advanced trading platforms and tools- It is still working on adding more of advanced tools to its platform, a little patience is all that we need here right now.

3) News alerts available only to Platinum accountholders– well, ETfinance got three types of accounts SILVER, GOLD, PLATINUM and they have provided the facility of news alerts only to their Platinum account holders.

so, i hope you would have understood the main pros and cons of ETfinance and it will definitely enhance your reasearch and analysis on trading.