Posts Tagged ‘etoro’
Is Etoro One Of The Most Profitable Forex Trading Platforms?
eToro is one of the most user-friendly and best forex trading platforms ever designed. Many features make this so:
User-Friendly. eToro makes sure that you get up and trading in no time. It has an extremely graphical user interface that gets you up and running in less than five minutes. This makes sure that you can focus on trading rather than reading help files and forums. There is also a range of trading tools to help you trade profitably.
Simple. By representing trading activity in a simple visual manner you have the opportunity to learn and understand forex. With the simple and visual platform, even the most novice trader can learn how to use it in no time.
Cutting Edge eToro is constantly growing and evolving in order to provide you with the best forex trading experience – they are committed to staying at the forefront of the online forex revolution.
No Commissions. They 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 and an unbelievably low initial margin requirement of just $50.
Reliability. eToro is backed by leading forex brokers, providing superb trading capabilities. Your trades are executed immediately and with excellent precision.
Practice Mode. eToro has a free demo mode that allows currency traders to sign-up and start practicing to trade without risking real money.
Personal Service. eToro treats customers with respect, providing top notch customer service. Their professional and friendly representatives are there to answer any questions 24 hours a day.
Trader Support. eToro is developing an active and diverse community of users by sponsoring several forums and chat-rooms.
eToro Review – Is eToro Online Forex Trading Platform Scam? Does It Work?
eToro, based out of Limassol Cyprus, is a relatively new online forex broker with an interesting twist that helps new traders come up to speed fast. Beginner forex traders will be entertained as they learn via an ingenious graphical user interface. Many have difficulty at first understanding how forex works and this platform does a good job of explaining the process via a video game like interface.
There are four trading areas in the eToro lobby. Forex Marathon uses characters representing currencies that compete in a forex race. For instance, the US Dollar is a farmer, the Japanese Yen a sumo wrestler and the Euro a European businessman. The idea is you choose a currency to buy, pick the currencies to compete against, select an amount and click to open the trade. In a few clicks the marathon comes to life on your computer screen and shows how your currency/runner is doing against the rest of the field.
The Dollar Trend is next in the lobby and here you basically choose whether the US dollar will rise or fall against other currencies or your choosing. Graphically its the same as Forex Marathon where the currencies race against each other this time in the form of coins.
The Globe Trader is the next area in the lobby. After making a selection youll see a wire signal that represents your trade as well as competing countries 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.
Finally, Forex Match is a graphical tug-of-war between currencies representative of your trade.
An overall theme in the eToro platform is community. You can compete against others in the aforementioned forex games with cash prizes awarded to the champion. The Championship & Chat area tracks high scores similar to a video game and users can chat with each other in real time.
The above illustrates an innovative forex learning tool, but eToro has an area where one can trade for real. 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 is more of an experience than your garden variety online forex broker. It teaches like no other but is layered over a solid live platform. Open a free demo account and find out for yourself how fun forex trading can really be.