eToro Broker Review

USA Traders Accepted

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.

• Broker Info
• Advantages
• Disadvantages
• Bonus Code

Name: eToro

Established: 2006

Country: British Virgin Islands

Platform: Download

Regulation: NFA, FSA BaFin and more.

• Intuitive interface
• Excellent platform for new traders
• Innovative use of social platforms as a way to enhance the trading experience

• Customer support is only available 5 days/week

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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.

 

eToro Trading Platform Screenshot

Website Design

eToro designed their platform to offer investors a simple, innovative and user-friendly environment.  There are 5 arenas to choose from according to your knowledge.

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

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.

Let’s Sum it up…

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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