ETORO DETAILS

eToro

The eToro platform is one of the most affordable and is easily accessible to all. It is doted with a simple yet clean design enabling the investor to find their way around easily. Navigation is intuitive and helped by an accompaniment noting the various stages of trading. This platform is conceived for both beginner and expert traders but does represent an excellent place to start trading as it has such an efficient help system and community  assistance.

 

eToro more details

  • Means of Payment: Credit card, PayPal, bank transfer, Neteller and Western Union
  • Year of creation: 2006
  • Minimum deposit: $50
  • Regulated by: Banque de France, Cysec, MIFID

Advantages

  • Simplified usage
  • Demonstration account
  • Complete assistance (telephone, email and chat)
  • Strong leverage effect
  • Transparent spreads and commissions 

Disadvantages

  • Commissions from 2 pips

General Characteristics

The minimum deposit required is $50 with a transaction of at least $10,000 including the leverage effect. The leverage effects available are numerous and vary from 1:5 to 1:400. 

Spread only apply as from 2 pips and vary according to the currency pair. 

All major currencies are traded.

Apprenticeship and Training

Concerning trading help we could say that eToro makes a big effort as this broker offers a whole panel of courses and training for the Forex and its trading platform through the bias of different supports. According to the level of your deposit or balance of your account you can benefit from interactive lessons, explanatory videos or written advisory articles. A complete guide to the platform is accessible to all as well as the glossary that explains the details of all the major terms and language particular to the Forex. Everything possible is done to ensure that everyone finds their place.

 

Tools and support available

We find numerous efficient tools such as the educational software, an online chat, direct training by telephone and a variety of economic information, charts and technical analyses that give you a complete research summary in real time of the market and its trends. 

 

The  «extra»  of eToro

To enable you to profit even more from trading on the Forex, eToro has implemented a system of weekly competitions. Each week, the trader registered on the platform that makes the most profits is rewarded by the broker. But the following are not negligible either. 

The best wins $1,000, the second wins $750 and the others follow up to places 31 to 50 who each pocket $100. 

A way to combine fun with trading so developing your taste for competition, but, most especially, an excellent means of profiting even more from your investments on the Forex.

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