Brokers  /  ETFinance

ETFinance

Moderate risk
🇨🇾 Cyprus · 5-10 years · since 2019-07-10 · Magnum FX (Cyprus) Limited
CYSEC
—/5
★★★★★ ★★★★★
5 reviews ›
1
Licenses ›
1
Withdrawal issues ›
—
Min. deposit ›
1:30 Maximum Leverage
Max leverage ›
3
Account types ›
33/100
Scam risk ›
1
Clone sites ›
Accounts: SilverPlatinumGold
▲ 60% positive▼ 20% negative
Independent ratingshow third parties score this broker
WikiFX1.58/10
Trustpilot—/5
Forex Peace Army—/5
33
Moderate risk
Scam Risk Scoremonitored · 2026-07-05
Lower riskHigher risk
  • Withdrawal complaints in ~20% of recent reviews
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing5535%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints1812%
Offshore registration108%
Transparency (site/info/social)4710%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameMagnum FX (Cyprus) Limited
Headquarters🇨🇾 Cyprus
Founded2019-07-10
Years operating5-10 years
Employees0
Official website—
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods · --
Withdrawal methods · --
Instruments--

Regulation & licenses · 1

RegulatorLicense typeLicense No.RegionStatus
CYSECDerivatives Trading License (STP)359/18Cyprus—

Account types · 3

AccountMax leverageMin. depositMin. spreadCommissionEA
Silver1:30 Maximum Leverage--0.07 Minimum Spreads--✓
Platinum1:200--0.03 minimum spreads--✓
Gold1:200--0.05 Minimum Spreads--✓

Review analysis AI

Across 5 recent Trustpilot reviews, 20% are 1–2 star. The single most common complaint is being unable to withdraw funds (1 reports) — the classic warning sign in forex. We also found 1 clone site(s) impersonating this brand — a frequent vehicle for scams.

0
Period:
What users complain about
What users praise
Where reviewers are from
Cyprus1
United States1
Hong Kong1
Ecuador1
Colombia1

Real user reviews

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About ETFinance

ETFinance is a forex and CFD broker based in Cyprus, with records dating to 2019-07-10. It reports oversight from CYSEC.

FXCanary’s verdict is “Guarded.” There are enough red flags that we’d urge caution before depositing.

Finally, beware of impersonation: we tracked 1 clone website(s) copying ETFinance. Always reach the broker through its verified official domain, never via links in ads or messages.

Overview compiled by FXCanary from regulatory records and public data. full ETFinance review