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Forex Broker – eToro

eToro Review

eToro is the broker that has it all when it comes to building your very own trading portfolio. This broker is known for guiding professional forex traders via the numerous trading tools and services available freely to its traders. Share your trading experiences and follow the trades of other traders with the OpenBook trading platform. Additionally, there are other important features of this dynamic trading platform. The review below goes into detail about the most important eToro trading features.

Company Information

Name:
eToro
Website:
www.etoro.com
Founded in:
2007
Headquarters:
Tortola, British Virgin Islands
The Owner:
eToro (Europe) Ltd.
Regulation:
FSA, CySec, BaFin, MiFID
Phone:
 http://www.etoro.com/support/
Email:
 http://www.etoro.com/support/
Minimum Lot Size:
10,000
Maximum Leverage:
1:400
Minimum Deposit:
$50
Minimum Trade Amount:
$25
Maximum Per Trade:
N/A
Languages Available:
English, Italian, Spanish, Portuguese, French, Chinese, Russian, Arabic, Japanese, German, Norwegian, Swedish, Finnish, Greek, Dutch, Hungarian, Korean, Turkish

Trading Platform

eToro offers its traders a good choice of several trading platforms. The eToroWebTrader is web-based, allowing you to trade from your preferred computer. This platform comes with great trading tools and features.

There is also the eToroOpenBook trading platform, which has made this broker one of the most famous on the market. It’s a worldwide social trading network, letting you view and copy any trade of anOpenBook trader for absolutely free.

The eToro Mobile Trader is a platform that allows you to trade anytime, anywhere. The mobile trading platform is accessible via Smartphone, Blackberry, iPhone and iPad.

Overall, there are many advantages that eToro offers via its trading platforms. These are an enjoyable trading experience, unlimited social trading network usage, up to 1: 400 leverage, Islamic accounts upon request, tight spreads, no commissions, a free lifetime demo account and special bonus offers.

Main Features

eToro also offers features that are in many respects make them a better broker than their competitors. There are several different trading accounts that have interesting features.

The Bronze account is for deposits under $1,000. This is for traders that are new to trading at eToro, and want to get a feel of the ins and outs of trading the markets. Take advantage of the following: complimentary access to the real traders’ chat room, enrollment into the Trading Challenge (weekly prizes) and the weekly newsletter.

If you deposit $1,000 or more, or if you have been upgraded to the Silver account, you can also grab the following benefits, in addition to those of the Bronze account: deposit $2,500 and receive referral incentives, a basic personal account manager and accessibility to the eToro’s training e-course.

If you deposit $5,000 or more,or if you have been upgraded to the Gold account, then enjoy the following benefits: phone pass to the eToro trading room, special 3 day withdrawals, referral bonuses, 10% bonus on your first deposit each month f up to $500, daily report via mail and an all-round account manager.

Traders who deposit $20,000 or above will become VIP members, giving them access to all of the above plus the following: one to one trading sessions with forex experts, 15 % bonus on your first deposit of up to $2,000 and much more.

The website also has great forex educational materials and resources for all of its traders. These are written well and are easy to understand. You will enjoy having watching the video tutorials, which explain financial market trading clearly.

Customer Support

The customer support team is available for traders five days a week, Monday to Friday. The live support team is accessible through phone, email or live chat, depending on which method you prefer. There are numerous internationalsupport numbers that are available in dozens of countries, making eToro a highly accessible broker forall traders. We sent eToro a mail on Tuesday and received a response within 15 minutes, which impressed us greatly.
The live chat service was even more impressive than the email support, as the response time was less than3 minutes. The rep answered all the questions we threw at them – this is the type of support we reward with high points.
It can be said what the overall working of the eToro support team is top quality. The fact that they have the resources catering to clients indozens of languages through different contact methods is a big plus.

User Friendly

eToro offers one of the most user friendly trading experiences of any forex broker on the market today. Once you register for a trading account you will see just how easy it is to get into trading. The welcome message we received after registering for an account contained very useful links, helping us get to the right place. Therefore, wherever you want to be, eToro has all the answers.

You can easily deposit funds into your eToro trading account. Choose from any of the following deposit methods: PayPal, Western Union, credit card, wire transfer, Web Money and Neteller.

You may start trading by just depositing $50, and enjoy one-click trading and receive a free practice account. Trade with up to 1:400 leverage and tight spreads each trading day.

Ultimate Overview

Overall, eToro has a wide range of user friendly trading platforms: downloadable, web-based or mobile. In addition, the customer support team is top quality for the industry, and available in a variety of languages. There is as a blog with regular posts about the latest happenings in the markets. The ability to trade ina user friendly environment all in one user interface makes eToro a force worth reckoning with.

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