Online Forex Broker Evaluation: EToro
As one of the most user friendly Forex Broker, eToro provide a state of the art forex trading platforms. eToro base on Limassol Cyprus, is relatively new forex broker with very interesting trading platform that can entertained forex trader especially for beginner currency trader. Beginner trader will enjoy learning trading forex by ingenious graphical user interface from etoro trading platform.
eToro trading platform are made to adjust whatever your style of trading, all the forex tools you’ll never imagine are provide here at your fingertips. The revolutionary interface does everything with one click for you, so you can concentrate on making trading decisions that really matter. The platform is designed to make sure that you don’t have to waste time working out how to trade.
There are four trading style in eToro trading platform:
1. Forex Marathon: Use Characters representing currencies that complete in forex race. For example, the US dollar is a farmer, the Japanese Yen a sumo wrestler, and the Euro is a businessman. The idea is you pick a currency you want to buy and choose currencies to compete against then select amount and start trading. Within seconds marathon comes to life on your screen and show how your currency doing against the other.
2. Dollar Trend: Basically here you choose whether the US Dollar will rise all fall against other currencies you chose. Graphically it’s the same as Forex Marathon where the currencies race against each other this time in the form of coins.
3. Globe Trader: After making a selection you will see a wire signal that represents your trade as well as competing currencies on the trade arena map. An info box above the wire will show how your trade is doing from a profit standpoint as well as provide a detailed breakdown in the map.
4. Forex Match: Graphical tug-of-war between currencies represent of your trade
With simple and full animation platform, even the novice trader can learn how to use it in no time. By representing trading activity in a simple visual manner you have the opportunity to learn and understand forex.
To start trading you first have to deposit some money. You can fund your account via credit card or wire transfer. With a credit card the minimum is $50 and maximum is $1,000 with a $5,000 monthly cap. Wire transfer minimum is $500, max of $5,000 and a cap of $5,000.
eToro charge absolutely zero commissions on all forex trading activity, including no rollover fees. On top of that they offer bottom low spreads – as low as 2 pips.
Demo mode offers unlimited trading at live market rates, so you can practice without risking a cent. As forex is an ongoing learning experience, there is no reason why you should risk your money while back test new system.
eToro’s professional and friendly representatives are there to answer any questions 24 hours a day. They treat customers with respect and provide top notch customer service.
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