eToro Review

EToro is a user friendly foreign exchange platform that can successfully help new and experienced traders to experience sizeable profits from Forex trading. Simply register with eToro and download their software, and for a minimum deposit of $50 users can immediately begin practicing with their demo account before progressing to a live one. And this is great news for traders who have got no experience of the Forex market. Able to acquire a firm understanding of the Forex market before risking any physical cash, eToro allows users to experiment with this demo account for as long as they need.

eToro has by far the best looking and useable trading platform out of all the forex trading sites

Many of eToro’s best traders are even offered the chance to win a weekly Championship prize of $1,500 which is a great incentive to helping users learn the market faster. Win this prize and you can easily inject this cash back into your account. Similarly eToro’s first deposit scheme is an incredibly fun way to keep users motivated. Able to spread the cost of their experimentation across the amount they invest with the amount eToro reward them with; this extra sum helps reduce the financial risk of your investment.

However through their utilisation of transparent transactions, users can easily view what trades are taking place, how the market is progressing and their own position in the market, making it easier for them to determine and pick winning trades. To aid in this decision eToro also offers members access to a variety of tools and resources that can boost their trading success: economic information, market analysis, charts and technical analysis. You'll be able to "hit the bid" in no time using this simple solution to modern forex.

Furthermore, to ensure your complete satisfaction with their platform, eToro also offers an extensive support group/chat room system. Through this resource you can easily speak to and seek advice from other traders whilst being able to talk to their own customer support team – LIVE - whenever you want. Free to post questions and exchange trading ideas with other traders, these chat rooms are the perfect support aid for newbie traders looking for credible advice from experienced traders. Yet it cannot be denied that eToro themselves offer an extensive range of support tools: guided tutorials, glossary, trading e-guides and live training over the phone, with eToro you can feel confident that you are constantly being supported.

Verdict:

East to use and operate, eToro makes trading in the Forex market simple, fun and exciting. Offering users a variety of different tools, resources and support networks, users can feel confident placing larger deposits and taking full advantage of their first deposit scheme. We thoroughly recommend it.

Good Points:

• User friendly platforms
• Attractive 1st deposit bonuses ($500)
• Demo trading platform
• Low pips and spreads (2 pips)
• Great customer support – offered in English, German, Arabic, Russian, Chinese, Spanish, French and Italian

Note: FOREX trading can involve significant financial risk even for experienced traders.