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Forex

Retail Broker

ETFinance

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Unproved

ETFinance

N/A

Founded in

2018 (7 Years)

Founded

Last online: No recent activity

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Verification on TrustFinance

0.00

Traffic & Engagement

1.67

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Warning Report

Warning Report is a record of alerts about trading activities, account management, or compliance issues. It helps you keep track of potential risks or problems in your trading account.

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Thg 11 03, 2566

This broker is closed.

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Thg 03 12, 2024

This broker is closed.

Company Information

Get to know ETFinance

ETFinance was the trading name for Magnum FX (Cyprus) Ltd, a Cyprus-based investment firm formerly regulated by the Cyprus Securities and Exchange Commission (CySEC). Launched around 2018, it provided Contracts for Difference (CFDs) trading services to retail and professional clients across Europe on a wide range of underlying assets, including forex, cryptocurrencies, indices, commodities, and stocks. The company operated primarily through the MetaTrader 4 (MT4) trading platform. In late 2021, the company ceased all its operations and voluntarily renounced its regulatory license following significant regulatory scrutiny and fines.

Industry

Forex Retail BrokerPRIMARY

Software

Meta Trader 4

Contact

Social

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News

TrustFinance Intelligence Agency

Research date: Thg 10 14, 2025

The Cyprus financial regulator CySEC has recalled the license suspension of Magnum FX (Cyprus) Ltd, which operates the ETFinance retail FX and CFD brokerage brand. This decision comes after the company implemented measures such as ceasing to accept new clients and stopping all marketing activities. The company will only provide support services to existing clients and has committed to changes in its management structure. The decision reflects compliance with regulatory requirements, although the company operates under strict limitations until further assessments are made.

The Cyprus financial regulator CySEC has recalled the license suspension of Magnum FX (Cyprus) Ltd, which operates the ETFinance retail FX and CFD brokerage brand. This decision comes after the company implemented measures such as ceasing to accept new clients and stopping all marketing activities. The company will only provide support services to existing clients and has committed to changes in its management structure. The decision reflects compliance with regulatory requirements, although the company operates under strict limitations until further assessments are made.