Compare forex brokers GTCM VS Etfinance

If you're choosing between GTCM and Etfinance forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is GTCM better than Etfinance? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

GTCM VS ETFINANCE

ETFinance
ETFinance Overview

ETFinance is a brand name of Magnum FX which is regulated by the Cyprus Securities and Exchange Commission the “CySEC” and offer a wide range of tradable assets across Forex, Stocks, Indices, Commodities and Cryptocurrencies on the MetaTrader trading platform for Desktop, Web and Mobile.

GTCM
GTCM Overview

GTCM, Global Trading Capital Market, is owned and operated by a Cypriot investment firm named Depaho Ltd. This Forex trading brokerage is fully registered by CySEC and is fully compliant with ESMA (European Securities and Markets Authority) standards. The broker offers Forex, indices, stocks, commodities, options, ETFs and Crypto assets for trading on PROfit web platform.

# Broker's Features GTCM Availability ETFINANCE Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare GTCM vs Etfinance.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. GTCM offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Cryptocurrency, Options, while Etfinance offers Currencies, Commodities, Stocks, Cryptocurrency, Futures.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. GTCM is STP, while Etfinance is Dealing Desk.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. GTCM is regulated by CySEC, FSCA, while Etfinance regulated by CySEC. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Languages Available: Next lets have a look at each broker's different Language options. GTCM offers , while Etfinance offers English, Spanish Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. GTCM offers Credit/Debit Cards, E Merchant Payment Solutions different payment methods for each account types, while Etfinance offers Credit/Debit Cards, Bank Wire Transfer payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, GTCM makes PROfit available to clients, while Etfinance offers MT4.

The Verdict: GTCM or Etfinance?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, Etfinance is more reliable based on our criteria above. Only Etfinance Offers the MetaTrader Platform. MetaTrader platform is a comprehensive trading platform that is often touted as being the best for forex trading. A popular, versatile and unique tool. Etfinance offers a wider range of platforms making it easier for the traders to choose one that matches their needs most. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. Etfinance has a wider range of languages in which customer service is offered making the broker more accessible. As a market maker, Etfinance may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.

Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.

Are you Satisfied with what They Offer?