eToro Overview
eToro is an innovative online forex trading platform that has made forex trading very easy for traders but at the same time has maintained the attributes of a professional trading platform. Its trading platform runs on the downloadable Retail FX software that makes the complicated trade into a simple to manage forex trade.
The platform also has a virtual trading platform where new traders can practice with virtual money before they venture out in to real currency trading. The platform is available for practice for as long as you wish to use it. To make it easy for traders to understand the working of the forex market eToro offers them four different games to try out.
The first of the games, which is called Forex Marathon where a selected currency that the trader thinks will go up, is pitted against other currencies in a foot race. Next is the Dollar Trend where the dollar is set in a race against the other currencies. The third, which is the Globe Trader, is where traders handle their trade with the association of other currencies. Lastly, we have the Forex Match where the trader chooses a currency expected to go up and another that is to go down, after which the market developments are watched to see the final results.
Details
Minimum Account Deposit: $50
Leverage: 1:100, 1:200 and 1:400
Support: 24/7 Customer Support
Offices: Cyprus
Company and Product Details:
eToro rewards the best trader of the week with a cash prize of $1,500 each week. It kindles up a feeling of competition among the traders who do their best to compete for the top position. This not only helps to improve the skills of the experienced traders but also forms a better understanding for new comers.
A live chat room facility helps traders interact with each other and discuss their trades and in turn make better decisions while trading. The amateurs can also seek the advice of experienced traders through this medium. They can learn about the market trends and their own status in the market.
Commission although levied on every trade is considerably low, thereby allowing you to keep the maximum profits.
Special Features:
Initial deposit bonus of up to $500
Easy to handle platform
Use of a demo account before signing up for a real one
Visual presentation of trades
Chance of winning $1,500 in the weekly championships
Pips as low as 2 pips on major currencies
Live chat rooms
Additional Resources:
The eToro trading platform also provides the traders with the latest market news, charts and prices. Apart from this your trades are executed without delay. Pips as low as 2 pips are offered on major currency pairs such as EUR/USD.
Deposit Methods:
Credit card
Paypal
NETeller
Moneybookers
Western Union
Money Gram
Wire Transfer
Conclusion:
eToro is a user-friendly trading platform that not only provides simple trading facilities but also helps new comers to form a better understanding of the trade. Its provision of various educational tools makes it a recommended platform for both the experienced and the amateurs.
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