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eToro Review

Reviewer: Matthew Johnson
Rating:stars-4-5
Website Reviewed: eToro

Click Here to Visit eToroProbably the most noticeable thing in eToro is their unique trading platform which offers two different modes: visual mode and expert mode. Visual mode is created for new trader by introducing various game-like visualization to illustrate your trades, making forex trading learning is a fun experience.

The expert mode is a professional-like trading platform with one click order execution and a charting feature which offer various indicators. It also provides stop loss and take profit form right next to the order button with various information such as news, calendar, open trades, etc right below it making easy navigation throughout the entire platform. Hedging is also allowed but no scalping.

Click Here to Visit eToro

eToro Review: Features Summary
1. Trading Platform; user friendly trading platform with everything within reach quickly. The visual mode is designed for novice trader in order to make forex trading learning easier while the expert mode is provide sufficient features for advanced traders.

2. Leverage; offer maximum 400:1 leverage which is quite high.

3. Commision; eToro charges no commission or overnight fees. The company is compensated through the difference between bid and ask price.

4. Support; eToro provides its traders multi lingual Live Customer Support via phone and live chat Monday till Friday between 06:00 and 22:00 GMT. If you need them before or after those hours, send email or leave a message in the live chat section.

5. Spread; the lowest spread is 2 pips for USD/JPY. For EUR/USD the spread is 3 pips.

6. Deposit and Withdrawal; easy deposit and withdrawals by credit cards, PayPal, NETeller, Western Union, Wire Transfer, etc. Minimum deposit is $50.

7. Practice Account; allow practice account.

8. Security; eToro apply industry standard Secure Socket Layering (SSL) technology for encryption of data and doesn’t share customers date with any other institutions. eToro is owned by Tradonomi LLC, a member of NFA (National Futures Association).

9. Community; every week eToro holds Trading Challenge where trader with the highest profit of the week wins and receive cash bonus from eToro. Traders can also communicate with each other via forum and chat room.

10. Currency Pairs; allow 16 currency pairs. Also support commodity trades such as gold and silver.

11. Forex Robot; eToro does not allows forex robot or Meta Trader, thus make it impossible for forex robot user to participate in eToro.

Conclusion
eToro main strength are the novice friendly and community approach. Also, the visual style trading platform and the live support will make novice trader feel comfortable while sharing information and story in the community will make the trader stay encouraged and learn more. Overall, eToro is a great environment for novice and professional traders to earn profit from forex trading. In addition to the information that available in this eToro Review, click the link below for the account/tour:

Click Here to Visit eToro