ETFinance deposit amount required in order to open a broker account is $250 / (R4013,83 USD/ZAR at the time of writing). ETFinance has a very affordable minimum deposit when compared to most other brokers in the industry.
ETFinance at a Glance
| 🔎 Broker's Name | ETFinance |
| 📍 Headquartered | Cypress |
| 📅 Year Founded | 2016 |
| ⚖️ Regulating Authorities | CySEC |
| 🌐 Countries not accepted for trade | United Kingdom, Belgium |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 1:30 |
| 💰 Minimum Deposit | $250 (R4013,83 USD/ZAR at the time of writing) |
| 💳 Deposit Options | Debit and credit cards, bank wire transfers and Skrill. |
| 💳 Withdrawal Options | Debit and credit cards, bank wire transfers and Skrill. |
| 💻 Platform Types | MetaTrader 4 |
| 📱 OS Compatibility | PC and Mac OS, mobile for Android and IOS |
| 📈 Tradable assets offered | Forex, indices, commodities, metals, energies, and shares |
| 👨💼 Languages supported on Website | Multiple languages |
| 👥 Customer Support Languages | Multiple languages |
| 📆 Customer Service Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Min Deposit
USD 250
Regulators
CySEC
Trading Platform
MT4
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Choose your quick section of our ETFinance Minimum Deposit below.
ETFinance Minimum Deposit – 9 key points quick overview:
ETFinance at a Glance- ETFinance Minimum Deposit – 9 key points quick overview:
- ETFinance Minimum Deposit
- ETFinance Deposit fees and deposit methods
- ETFinance Step by step guide to depositing the minimum amount
- ETFinance Customer Reviews
- ETFinance Pros and Cons
- Conclusion
- Frequently Asked Questions
Here is our overview of the ETFinance Minimum deposit as well as the pros and cons as well as features that are offered to traders.
ETFinance Minimum Deposit
The minimum deposit amount required to open a broker account with ETFinance is $250 (R3489.76 USD/ZAR at the time of writing). This is a slightly higher minimum deposit requirement than that of many other brokers in the industry, who average between $10 and $100 (R 139.59 – R1395.90 USD/ZAR at the time of writing).
Still, this deposit amount should not present too high a barrier of entry to most new traders.
ETFinance Deposit fees and deposit methods
ETFinance provides a limited selection of deposit methods, which consist of debit and credit cards, bank wire transfers, and Skrill.
The broker does not charge deposit fees, although a withdrawal fee of up to $50 (R697.95 USD/ZAR at the time of writing) may be applied to accounts that have registered little to no trading activity.
In terms of deposit security, ETFinance is operated by Magnum FX (Cyprus) Ltd and regulated by the CySEC (Cyprus Securities and Exchange Commission).
The broker is also a member of the Investor Compensation Fund of Cyprus Investment Firms and works with regulated payment providers to ensure the safety of client funds.
With regard to deposit currencies, ETFinance accepts a wide variety of major currencies. However, traders depositing in smaller currencies, such as ZAR/Rand, may incur conversion fees.
ETFinance Step by step guide to depositing the minimum amount
Depositing into your account with ETFinance consists of the following steps:
Step 1 – Log in
- Once you have registered, log in to your trading account
Step 2 –Make the deposit
- Navigate to the funding area on your client dashboard
- Select your preferred deposit method. This is the same method by which you will be required to make withdrawals in future
- Specify the amount you wish to deposit and confirm your deposit details
Step 3 – Review your transaction
- Submit your deposit.
- Depending on the method you chose, it might take a couple of days for your deposit to show up on your brokerage account. When it happens, the brokers usually send you an email to confirm the receipt of the deposit.
ETFinance Customer Reviews
I like this broker
I like this broker. Trading conditions are quite decent, and the platform and website are really easy to use. Customer support answers quickly and is really helpful.
I have been trading on this site for…
I have been trading on this site for several months, and quite successfully, a reliable trading platform. They respond quickly and competently to solve any problems that arise. Many thanks!
I am more than satisfied with the site
I am more than satisfied with the site, the platform is very fast, which is a large benefit. Reliable and trustworthy, very useful. I highly recommend trading with this broker. Thank you very much for your quick and efficient methods of trading.
Min Deposit
USD 250
Regulators
CySEC
Trading Platform
MT4
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
ETFinance Pros and Cons
| ✔️ Pros | ❌ Cons |
| Well-regulated broker with high deposit security | A limited selection of deposit methods |
| Relatively high minimum deposit | |
Withdrawal fees on inactive accounts |
Conclusion
ETFinance deposit amount required in order to open a broker account is $250 / (R4013,83 USD/ZAR at the time of writing). ETFinance has a very affordable minimum deposit when compared to most other brokers in the industry.
You might also like: ETFinance Review
You might also like: ETFinance Account Types Overview
You might also like: ETFinance Demo Account – Step by Step
You might also like: ETFinance Fees and Spreads
You might also like: ETFinance Islamic Account Overview
You might also like: ETFinance Sign up Bonus
Frequently Asked Questions
How does the minimum deposit of ETFinance compare to other brokers?
The ETFinance minimum deposit requirement of $250 (R3489.76 USD/ZAR at the time of writing is a slightly higher minimum deposit requirement than that of many other brokers in the industry, who average between $10 and $100 (R 139.59 – R1395.90 USD/ZAR at the time of writing).
How do I make a deposit and withdrawal with ETFinance?
ETFinance provides a limited selection of deposit methods, which consist of debit and credit cards, bank wire transfers and Skrill.
Does ETFinance charge withdrawal fees?
Yes, a withdrawal fee of up to $50 (R697.95 USD/ZAR at the time of writing) may be applied to accounts which have registered little to no trading activity.
How long does it take to make a withdrawal?
If the request is put in before 09:00 GMT+3, ETFinance processes the payment the same day, if not the withdrawal will be processed the next business day. Some payment providers may have their own fees and processing times to consider.
Are my deposits safe with ETFinance?
Yes. ETFinance is operated by Magnum FX (Cyprus) Ltd and regulated by the CySEC (Cyprus Securities and Exchange Commission).
ETFinance is also a member of the Investor Compensation Fund of Cyprus Investment Firms and works with regulated payment providers to ensure the safety of client funds.
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