eToro is one of the ideal brokers for the beginner forex investors. In fact, this brand accommodates all of the needs of new traders. Brokers not only benefit from the news and analyses but also from the information that is being exchanged between the investors.
Besides, there is also a service called “OpenBook” which serves as a trader social trading platform for observing the other traders’ trades and learn from them. This is the one-and-only opportunity that enables the eToro Forex (FX) traders to develop their trading skills on-the-go. Please keep in mind that you can attend to “Free Live Webinars” for learning to trade forex from scratch.
Social Forex Trading Platform
eToro uses 3 different platforms. “WebTrader”, “OpenBook” (Follow-Up platform for traders to analyse the other traders’ techniques) and “Mobile Trader”. Registration is free and the minimum amount that you can deposit to open an account is $50. Stocks, currencies, commodities, and indices can be traded in its most practical form. USA traders are not accepted at eToro.
Live Chat, E-Mail and Telephone are the options offered by eToro for your inquiries. Fast and comprehensive support service is being given via 20 different languages. This means that eToro maintains you an easy and relaxed atmosphere for enabling you to focus only on your trades.
Security & Reliability
Founded in 2007, eToro has been known as one of the most secure foreign exchange (Forex) brokers on the net. Transactions are being executed via latest SSL technology. So you can be sure that all of your personal and financial data is highly secured.
Commissions & Spreads
eToro offers fixed spreads. Commissions are not applied but spreads are a bit higher than the other brokers in the market. This is not a disadvantage because the value added services that traders have from eToro are being financed from those spreads’ costs and those top-quality services worth more than the extra cost of spreads.
eToro promotions are dynamically changing quarterly. All of the attractive promotional opportunities are generally related to cash deposits. You should check the most recent deposit bonus during your registration. There is also a “Refer Friends and Get $100” bonus that you can benefit from.
With its trader-friendly features and services, eToro is definitely the right destination for the new brokers as well as novice ones. Interaction with the other traders at its OpenBook social platform, speeds up the process of learning. Trading platforms are quiet easy to use even starting from the very first trades. So we strongly recommend eToro for a total trader satisfaction.
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