Our Team had been pleased trading and conducting Forex business with eToro for almost 5 years, and we think that after you read this review you will have a better understanding why you should give them a try.
There are number of features that eToro offering that you need to look at when if you are an experienced Trader of if you are New. For new Traders eToro Platform is a must here is why:
1. Low Minimum Account:
The wonderful world of eToro starts with their Free Demo account that you can open and trade on real quotes and price. This is great for any traders who visit eToro for the first time, allowing you to test their platform, support and all other services before depositing any money.
Once you are feeling good about it you can open a real account depositing the minimum of amount of $50 and you are good to go! Try the Demo, you got nothing to lose!
2. eToro Low Spreads:
eToro are very competitive with other brands that’s why they keep on making sure that their spreads are low and attractive enough for us the Traders, this giving us Traders the benefits of having good spreads. i.e.: the spread goes as low as 2 pips on the EUR/USD pair position, any Trader that knows about Spreads will admit that this is very good.
3. eToro: what a Good Forex Education and Training:
eToro provides great solutions for New Traders and Experienced Traders as well using 2 unique platforms.
Here are the benefits:
Platform for New Traders
For the New Traders eToro offers unique training program with Demos and full training guides, offering 24x6 live chat to resolve any issues or concerns.
The most known Platform of eToro is the Platform that they developed using special GUI (Graphical User Interface) making Forex Trading look like a Gambling Game. This is very easy to understand what’s going on when you are a new comer to the Forex World. The eToro basic Platform giving you different kind of visual games that reflecting the actual trading.
In 2010 eToro launched the OpenBook Network which allowing Traders to see what other Traders are doing, all you have to do is to find a good trader that making profit and follow him, do whatever he does. eToro system can provide you with Charts, Punctual Financial news, and many other tools that can just give you the help you need. Once you try out their Demo account do be shy, contact them and they will give you everything you need in order to become a professional trader.
Platform for Experienced Trader
eToro know Pro Traders needs, that’s why they have developed another Trading Platform
can simply use professional charts, graphical tools and punctual financial news with rich data to develop strategies (as mentioning at the beginning) just by watching other experienced Traders in the network. The eToro platform is so wonderful and exciting that they won the World Finance Award for the 'Most Innovative Trading Platform of 2010'.
For those Traders with the more experience, Not to worry, eToro have created another Forex Platform with expert mode, it has the same level of functionality but without the 'game' GUI.
4. Instant Execution Of Orders:
In our days there are Forex Brokerages that using a nasty strategy known as “re-quote” meaning that a Trader like you won’t be able get into or out of a position at the quote you wish to have. Those Forex companies usually use this method during fast moving markets, causing liquidity.
After lot’s testes and making sure we won’t be surprised later on, we can announce that eToro does not use this method what’s so ever! eToro Platform is well built allowing you to execute your positions fast and at any time.
5. eToro Support, Accounting and great services:
eToro Support Team are available 24x7 for any problems, issues or concerns. As you all know you can only judge this when you have an issue in the middle of trading………again we have tested their Support several time allowing their team to change shifts and attacking them again with questions and problems. The results are great after testing 3 shifts.
You can place a deposit using these methods:
Credit Card
Bank Wire
PayPal
Regarding withdrawals, nothing out of the ordinary, Wire will take 3 – 7 days depending on geo location and types of Banks.
As for Credit Cards (CC) should takes around 3 days and with PayPal it will be instantly in your PayPal account.
6. Summarizing:
After testing lots of Forex Brands, our Team at ClickSignals all decided to Partner up with eToro, for their fantastic and honest way of conducting business, and that’s not all, eToro are the first brands that allowing Traders to follow each other so you can find a Trader that makes good profit and do what he does, do we really need to give you any more reasons to check them out now?!