Regulation and License
ETFinance offered via the approved domain “www.etfinance.eu” is a brand name of Magnum FX (Cyprus) Ltd.
Magnum FX (Cyprus) Ltd. is a leading Cyprus Investment Firms (CIF) licensed and regulated by Cyprus Securities and Exchange Commission (CySEC) under license number 359/18 as of 04.06.2018. Company's registration number is 360548.
CySEC is the supervisory and regulatory authority for Investment Services firms in Cyprus and is the member of the Committee of the European Securities and Markets Authority (ESMA). Its license is subject to the Law 87(I)2017 which provides for the provision of investment services, the operation of the exercise of investment activities, the operation of regulated markets and other related matters, which is harmonized with EU Regulation, MIFID II to ensure the high level of investor protection and the efficiency of the financial markets.
It is also a member of the Investor Compensation Fund for Customers of Cyprus Investment Firms and works with regulated payment service providers, such as Wirecard, Trustly, and Isignthis to ensure the safety of your funds.
Magnum FX (Cyprus) offers to its clients:
Investment Services
- Reception and transmission of orders in relation to one or more financial instruments
- Execution of orders on behalf of clients
Ancillary Services
- Safekeeping and administration of financial instruments, including custodianship and related services
- Granting credits or loan to one or more financial instruments, where the firm granting the credit or loan is involved in the transaction
- Foreign exchange services where these are connected to the provision of investment services
Magnum FX (Cyprus) Ltd. is authorized to provide cross-border services to EEA countries such as:
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Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84,99% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please read full Risk Disclosure Statement.
ETFinance is a trading name of MAGNUM FX (CYPRUS) LTD registration number HE 360548 authorized and regulated by the Cyprus Securities and Exchange Commission (the "CySEC") under license number 359/18.
Regional Restrictions: MagnumFx (Cyprus) Limited does not offer services to residents of Belgium, United Kingdom, Germany, and Italy.
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