eToro forex is a breakthrough approach to Forex trading, A trading platform that uses pioneering trade visualization to create a simple interaction with the financial market. It is the most user-friendly trading platform ever created so far!
eToro has both an on-line platform and a downloadable version to your PC. The platform has 2 modes: visual (for the beginners) and expert (for the professionals). The eToro platform is a combination of a traditional trading platform with elements of video game that is fun, easy to use, visually stimulating and above all reliable.
It was created by financial professionals and designed to give beginner traders the simplest visual based platform to start trading on, with educational benefits built in so you learn as you go. More advanced traders will also like this platform for the wide variety of tools available. They have a range of different platforms with free forex charts to suit differing levels of skill and knowledge in the forex market.
A great advantage is learning from others and being able to communicate with other traders via eToro’s trading community and chats, forums and tournaments. A Live friendly chat room is available for traders at any time. Etoro also developed the Forex Trading e-course in 10 lessons. It teaches the new traders how to trade and make money on Forex. The first lesson of the e-course is sent to every registered trader, the rest lessons are only available for depositing traders.
Name: eToro
e-course available for Forex Trading in 10 lessons
Wire Transfer withdrawal fee $25, but no fee for bank withdrawal
Website: http://www.etoro.com
Platform: both web-based and downloadable
Target customer is more suited for the beginner, but advanced tools are available to the professional trader
Languages: English, Spanish, Italian, Portuguese, Russian, Chinese, Arabic, German
Demo Account: yes
Free bonus: up to $1000 on first deposit
Cannot install automated robots and other software into the eToro platform
Payments accepted: Visa, Master Card, Paypal, Wire Transfer
Leverage: 1:400
Accounts: Real Account, Silver Account, Gold Account, VIP Account
Minimum Initial Deposit: $50
No extra fees or Commissions
championship challenges, prizes and cash.
Pips: as low as 2
Globe Trader arena – This platform allows you to trade currency using a world map for a global view. When you open a trade, a flag over the country appears – it’s quite interesting. It allows operating currency with a global vision in a world map. This arena will allow you to trade more intuitively
Forex Charts arena – will allow you to trade based on technical analysis studies patterns of price movement based on market behavior
Forex Marathon arena – will allow you to buy dollar, euro, pound or yen against multiple currencies at a time. The benefit to you of racing one currency against several others gives you a chance not just to watch an exciting forex race to the finish, but also to identify trends
Forex Trend arena – allows investors to take advantage of the general trends of a currency in the market
Trade Box arena – For the advanced Trader. This is an advanced trading arena in which you can use advanced trading tools using a visual user friendly interface. Here you can use a wider range of leverages (1:10 – 1:400), trade a wider range of currency pairs and commodities, and manage your Stop Loss and Take Profit orders after opening the trade
2 Modes of Trading
Visual Mode – for those without experience in Forex. It is subdivided into a graphical navigation area, a news screen that informs you of important news and announcements. One click that takes you to: all your open trades, A community panel to discuss trades with other investors on-line and access to educational guides
Expert Mode – for the experienced trader. It has many great tools such as "one click trading”, Forex news and Forex events
Bonuses
First Deposit Bonus is an instant bonus up to $1,000. All you have to do is to make your first deposit by logging into eToro platform and clicking on the account balance icon and you instantly receive your welcome bonus up to $1,000.
For example:
Deposit $100 – $399, receive $25
Deposit $400-$999, receive $100
Deposit $1,000-$4,999, receive $250
Deposit $5,000-$9,999, receive $500
$10,000-$19,999, receive $1,000
$20,000 and more, call for special offers and get a VIP account
eToro forex broker offers demo account for practice as well as practice trading challenges with amazing cash prices. As a new user you will receive $2,000 virtual money. While using eToro’s Trading platform to practice, you also enter the trading championship – accumulate as much money as possible and receive bonuses and prizes.
Screenshot
Competitions, Cash & Prizes
Along with demo challenges, there are also "real” account competitions. The bigger your profit is, the bigger you cash prize. The weekly competitions allow top 10 traders receive great bonuses:
· Place 1 gets $500
· Place 2 gets $300
· Place 3 gets $200
· Places 4 to 6 get $100 each!
· Places 7 to 10 get $50 each!
eToro keeps track of FOREX user performance and shows the list of users with highest scores. Top FOREX users have a chance to participate in championship challenges and win prizes and cash.
Open an Account
Users select whether they want to "Trade For Real” or "Trade For Fun” when logging into the system. Some personal information is required to create a Real Account. You are then set up with a username and password to enter real trading. A deposit can be made to fund your account using either a Credit Card or Wire Transfer.
For a Credit Card deposit – the minimum single deposit limit is $50, the maximum single deposit is $1,000 with a monthly deposit cap of $5,000.
Funds can be withdrawn from your account by submitting a withdrawal request from the "Account Balance” section. A signed withdrawal request is required and a user’s first withdraw will require a copy of a photo ID or passport, a copy of the front and back of the credit card used to fund the trading account and a copy of some recent utility bill.
The Final Verdict
eToro is dedicated to offer its clients the most competitive and best market conditions by creating the optimal trading environment for its customers – other Forex brokers just can’t compare. eToro is targeted for the beginner trader, by providing a visual based and learning platform that is easy to use and easy to learn. It has, however, more advanced tools for the more experienced trader that we really liked as well. Many new, but also experienced traders give this broker their top forex broker rating due to its innovation in visual charting abilities.
eToro is an honest and reliable Forex broker that we highly recommend. It is a highly secure Forex broker that provides its users with a great trading platform, great customer service and very low spreads.
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