Best Online Forex Broker eToro
eToro is a broker that many are familiar with in the Forex industry. It’s got a reputation as being one of the best brokers for beginner’s. The company provides what it calls a social trading platform that connects you with millions of other currency traders.
The company’s OpenBook platform allows their users to follow the trades of other users and to share own their trading experiences, a give-and-take which will likely revolutionize your personal trading strategy and the way the private trading arena functions. Using this social trading platform, you can copy other traders, search for trading gurus, follow other traders and post comments. eToro offers 3 trading platforms, including its WebTrader, eToro OpenBook and a mobile trading platform.
eToro has been awarded the “Best Active Trading Platform” in the MoneyAM Online Finance Awards 2010. The main advantage eToro’s foreign currency exchange platform was designed to be user-friendly, very easy to use and helpful to beginning traders. The trading platforms offered through eToro allow for fast and easy access to the forex market.
eToro have an expert mode with lot’s of different features:
- Applying for a demo or real account with eToro takes a few minutes. You can register from everywhere in the world.
- Low minimum account opening and trading amounts. Minimum deposit $50.00 and you can earn up to $1000 first deposit bonus.
- Multiple language support, eToro’s website can be viewed in 17 different languages
- eToro users can benefit from the collective trading wisdom of more 1.5 million users
- Traders can set their own technical indicators.
- Good tracking system.
- eToro community one of the largest forums online.
- Instant Execution Of Orders.
- Minimum Transaction Size: 1000 Units
- They offers a range of Forex currency pairs to begin trading, as well as Gold and Silver. Leverage options begin at at 1:5 and extend to 1:400.
- Payment options: Money can be deposited by PayPal, WebMoney, bank wire, Moneybookers, credit cards, Neteller, card and withdrawals are hassle free.
- The Opportunity for Good Education and Training. eToro helps the users to have a free account ( Demo Mode ) with a virtual balance of $10,000 that can be used to trade as if in real life. You have nothing to lose but many things to learn.
eToro provides live support via chat, email and phone for their customers from Monday-Friday between 6am and 11pm GMT. eToro makes it easy for traders across the globe to call customer support by offering a Free phone number as well as customer service phone numbers in over a dozen countries worldwide.
Overall, eToro is one of the easiest trading platforms to provide the best trading experience and one definitely worth testing out during your search for the right Forex broker. It is clear to anyone who uses etoro that their big attraction is their trading platform.