eToro makes the claim that it likes to entertain its clients which is a nice way to ensure they are stress-free when being involved in the frenetic business of Forex trading. The company hasn’t been going for a long time but it sure has made an impact on traders in that time.
It’s the goal of the company to make forex trading a lot more fun simply because most traders, particularly the beginners, really don’t have a clue as to what business is about. Analysis, news, charts and indicators are nothing but a confusing mess and can be very intimidating. eToro has addressed these trader concerns with what they call a ‘friendly’ platform.
eToro is a member of the NFA and is CySec regulated.
The trading on eToro has been likened to a gaming style experience. It’s all based on social trading in which traders can see where the positive action is and basically follow successful trades online. They also have mobile apps and stocks trading.
Spreads and Leverage
Spreads are set at 3 pips.
Deposits and Withdrawals
All normal credit and debit cards, other forms of bank wire transfers, as well as internet-based payments are all accepted.
As well as the demo account eToro provides lots of guides and tutorials and they even have a trading forum where members can share information and experiences.
They say that eToro is not your usual broker and it certainly has a different type of trading platform. This is a comfortable way for beginners to trade forex. You can start with a small deposit and eToro even has competitions that form part of their trade philosophy of having fun.