Forex Broker etoro review
Forex Broker: eToro
Methods of Deposit Neteller , Moneybookers , JCB , VISA , WebMoney, PayPal
Year of Foundation 2007
Demo Account Free of Cost Open Demo
Location of Headquarters British Virgin Islands
Languages French, German, Spanish, English and more
Minimum First Deposit $50
Minimum Size of Account $50
Minimum Trading Amount $10
Mobile Trading Yes
Overall Score 80/100
Spread 2 Pips
Types of Customer Support Phone, Email, Chat, FAQ
Tablet Trading Yes
Platforms of trading eToro OpenBook, WebTrader, Mobile Platform
Allowance of US Traders No
URL of Website http://www.etoro.com
Among the online based Forex brokers eToro has claimed to fame for because of its rapid growth of popularity. As we can read in forex etoro review, this broker The foundation year of eToro is 2007 and is based on British Virgin Islands. Their popularity has soon placed them in the topmost position in the Forex market. While most of the brokers consider it as an individual act, eToro consider it as a team game.
It has incorporated the social platform with its trading baser so that the traders can interchange information among each other along with suggestions. One trader can follow the trading patterns of others and construct a trading community. This is a unique thing that is missing in almost all other Forex trading platforms. It has thus drawn much attention from the people and has received praises from many sources and traders. It thinks like the popular social networking platforms like Facebook and Linkedin but serves the actual function of Forex market. One of the dual platforms as available in eToro is eToro exclusive OpenBook that is highly appreciated and opted by the social traders mostly. You simply require downloading the platform. Immediately after installation you not only can begin trading but also will be guided by commentaries and suggestions from the other traders operating in the social platform.
Another important platform is that of WebTrader. It is loaded with simple features and can be used conveniently. The most appreciable feature of this trading platform is that all trade relations can be handled directly on web platform without downloading them. This platform is customized mainly for the beginners who are yet not well versed about the trading details. They will also find the currency trading affair easier even if they are lacking prior knowledge related to this. The mode of currency handling is easier compared too other platforms. It also comes loaded with lots of toold and options that are good enough for the experienced traders also. Chat window is present in WebTrader as a part of social platform like eToro OpenBook that permits to communicate with others operating in the platform.
Impressive promotional offers are also offered for the new businessmen. It includes 10% bonus offer on the amount deposited for the first time. Three varieties of accounts are available. These are Premium, Basic and Practice. Practice account is meant for the learners or the beginners. They learn the trading details with extreme ease. Basic accounts are meant for those who take Forex trading as their pastime and not participate very seriously into it. Premium account is meant for the real traders with lots of promotional offers and added bonus.
eToro while designing the website have tried to maintain a user–friendly interface. They have tried their best to keep things simple for the traders and the users. The website may be lacking great design but with its simple outlook and easy-to-go features it is equally attractive for the traders. If you are searching for something you can find them out easily. Again various FAQ assist you in solving the problems faced by you almost instantly.
Very recently the site has included Mobile service platform. It is the latest inclusion. This gives permission to the traders to trade through mobile devices. This is a dynamic feature as included in the website. It is essential to stay flexible. Frequent changes are visible in the financial markets. Check out and observe the rapid changes in the money markets.
The customer support system provided by eToro is quite impressive. Various customer support connecting options are included in the site like mail, chat and telephone. You can also go through FAQ questions in details. It may help you to solve some problems.
It is a great trading toll for both the novice and advanced tradesmen. Addition of social networking platform makes it more dynamic. This option is rarely visible in other trading sites. So it is really worthy to try out the trading system of this Forex broker.