eFinno Review: Is It Worth It?

eFinno is a newly-established Forex and CFD brokerage firm with a service-oriented focus and balanced use of technology, innovation, and knowledge-building programs. eFinno is highly regulated and offers more than 450 CFD assets covering stocks, indices, currencies, commodities, and cryptocurrencies.

With a multitude of features, account types, and initiatives to help traders in their journey, eFinno is emerging as a preferred online trading platform. Read our eFinno review to determine if the platform is worth the hype.

Disclaimer: We want to emphasize that this is not financial advice. Cryptocurrencies operate in a volatile market, where values can drastically fluctuate in a blink of an eye. It is imperative to conduct thorough research and seek guidance from a qualified financial advisor before investing.

Table Of Contents
    eFinno Review

    Background and History

    eFinno first entered the picture in 2022 and the brand is owned (and operated) by Streams Financial Services Limited. It falls under the jurisdiction and is supervised and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 376/19.

    eFinno focuses on adding value for users throughout the end-to-end trading process with a suite of helpful tools for its clients, with its eFinno Edu and complementary trading tools adding extra advantages for users.

    At the time of writing, eFinno has expanded its Edu features to include trading signals supplied by Trading Central, financial web TV, and an economic calendar to help users focus on unfolding opportunities. The platform currently boasts of over 450 tradable CFD assets covering seven different asset classes including currencies, stocks, commodities, indices, ETFs, bonds, and cryptocurrencies.

    The platform features several account types to accommodate its growing clientele's varied needs and requirements. Among the unique options is the “Limited Risk” account* specifically for French clients, which offers traders a guaranteed stop-loss for no extra cost that is designed to help clients learn to appropriately manage their risks.

    *for French clients only


    As an end-to-end trading platform, eFinno is highly secure and has integrations with prominent payment service providers like DECTA and Nuvei. Because the broker is regulated, it must adhere to stringent financial guidelines.

    eFinno is among the handful of international brokerage firms to constantly update and monitor their security measures to protect their customers' funds and their private and confidential information.

    The platform has implemented several safety and security measures, including layered data protection, 256-bit RapidSSL encryption, and advanced firewalls. All transactions processed on eFinno are encrypted with PCI-Certified service providers. In addition to this, all of the platform's confidential and personal identification information (PII) is stored in SAS-70-certified data centers.

    Furthermore, eFinno holds investor funds in separate, segregated fiduciary accounts, which can only be used to store client funds. As such, these funds exist outside the company's balance sheet, meaning eFinno can't use customer funds to pay back its creditors in case of unforeseen circumstances, such as a liquidity crisis or bankruptcy.

    Regulation and License

    Streams Financial Services Limited, the eFinno platform's parent company, is a registered Cyprus Investment Firm (CIF) licensed by the Cyprus Securities and Exchange Commission (CySEC) with license number 376/19.

    In essence, eFinno abides by the financial regulations of all European Union member countries (EU), which implies that the platform adheres to high standards of transparency and fairness in its operations.


    eFinno charges a spread on each trade, which varies depending on the asset being traded. There are no hidden fees or any charges for deposits or withdrawals. A table available on the website also contains all the information related to rollover and swap fees that vary by asset.

    Based on a user’s preferred account type, eFinno only charges spreads that start from as low as 0.1 pips on currency CFDs. Best of all, all trading is commission-free across all asset classes.

    Account Types

    Depending on your personal preferences, you can choose from four different types of accounts - Silver, Gold, Platinum, and Diamond. Each account offers different features tailored to meet different trading goals and budgets.

    There is also a demo account for users to test strategies and practice trading techniques. Listed below are more details about each account type:

    • Silver: This entry-level account type requires a minimum deposit of €500. It offers spreads starting from 2.9 pips and access to CFDs for currencies, commodities, and indices. French Limited Risk Account and Silver account clients also get access to eFinno Edu for 30 days.
    • Gold: This account type requires a minimum deposit of €10,000 and offers a lower fixed spread starting from 2.2 pips. Gold account holders can access CFDs for currencies, commodities, and indices. They also get 60-day access to eFinno Edu and are entitled to up to 3 one-on-one support sessions per month.
    • Platinum: The Platinum account requires a minimum deposit of €50,000 and offers a variable spread starting from 1.8 pips. Platinum account holders can access CFDS for currencies, commodities, indices, bonds, and stocks. They also receive a 120-day subscription to eFinno Edu, up to 5 one-on-one support sessions per month, and email and SMS updates for margin calls.
    • Diamond: The Diamond account is the top-tier account, and you will need to contact eFinno for the minimum deposit amount. It offers a variable spread starting from 0.1 pips. Diamond account holders have access to all trading instruments, including European and EU stocks, a dedicated direct line to a Senior Account Executive, SMS and email notifications for margin calls and meeting sessions, and lifetime access to eFinno Edu.

    eFinno Edu

    eFinno Edu offers enhanced features and advantages designed to help traders take their trading to the next level. This includes access to eFinno’s live trading signals provided by Trading Central, Financial Web TV, and economic events.

    Access to eFinno Edu is based on the user's account type. Users with Silver, Gold, and Platinum accounts can access it for 30, 60, and 120 days respectively, while Diamond users receive lifetime access automatically.

    eFinno Pros & Cons

    eFinno is designed to be user-friendly, with advanced charting tools and features suitable for both beginner and experienced traders. However, just like any other trading platform and brokerage firm, it has its advantages and drawbacks.

    eFinno: Pros

    • SSL encryption, two-factor authentication, and segregated client accounts for enhanced security
    • Heavily regulated and adheres to financial guidelines
    • Registered Cyprus Investment Firm (CIF)
    • Offers a range of learning resources to help traders develop their skills
    • Competitive spreads and no commissions
    • No deposit or withdrawal fees
    • Offers a demo account with $50,000 in virtual funds
    • Multi-device compatibility
    • Has a dedicated mobile application and intuitive
    • Features over 450 CFDs across five asset classes
    • Multiple account types to choose from

    eFinno: Cons

    • The minimum deposit is higher than most other platforms
    • No dedicated account manager for low-tier accounts
    • Could contain more learning resources tools and daily market analysis
    • MT4 and MT5 platforms unavailable

    eFinno Review: Verdict

    Our research and experience show that eFinno has several strengths and some areas for improvement. The platform's focus on security and regulation, with SSL encryption, two-factor authentication, and segregated client accounts, is a positive point. The range of tools and resources available to traders is also an asset and an initiative you won't find on most other platforms.

    In terms of fees, commissions, and spreads, eFinno matches the competition. However, these numbers vary significantly based on the account type. Traders with Silver accounts must settle with paying higher spreads compared to other account types, which, in all honesty, might not seem very fair to most. Nonetheless, the broker is regulated by a reputable regulatory body so that users can be sure of a high level of trust, security and transparency.

    While there are some limitations, such as the platform's inactivity fee, minimum deposit limits, and the lack of access to MetaTrader trading platforms, these are relatively minor drawbacks compared to the many advantages of using eFinno for trading and eFinno Edu to improve your skills as a trader.

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail investor accounts lose money when trading CFDs.

    You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

    If you'd like to sign up for a free eFinno account, follow the link below.

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