Forex Broker Review: eToro

eTORO was launched in 2007, eToro is new to the world of Forex and has steadly made its way by force and hours of hard work.

 

By launching the first platform Forex intuitive eToro is targeted primarily to beginning traders who are lost between the complexity of graphics and the jargon sometimes hard to understand in Forex.

 

Because of their quality customer support and a innovative trading platform based on a visual representation of transactions, eToro greatly facilitates the first steps on the foreign exchange market.

 

Furthermore, eToro is responsible to provide all their traders a online course, Introduction to Forex.

Finally, always seeking to facilitate the introduction to Forex, eToro offers different payment options including PayPal, Neteller, which is very convenient to deposit into his/her account and make fast withdrawals.

 

eToro for Beginners:

• Graphic trade visualizations

• User friendly interfaces

• Free practice account with live market rates

• Low initial investment

• Personal trading coaches

 

eToro For Professionals:

• Spreads as low as 2 pips

• No dealing desk

• Automatic execution

• Personal account managers

• Leverage of 1:5-1:400

 

The minimum deposit:

To open an account is $50, however the minimum deposit to be eligible for a first deposit bonus is $100.

Scalping is allowed with trading room monitoring

Main currency pairs spreads:

EUR/USD 3 Pips,

GBP/USD 5 Pips,

NZD/USD 5 Pips,

AUD/USD 4 Pips,

USD/CAD 5 Pips,

USD/JPY 2 Pips,

USD/CHF 3 Pips

Commodities Traded:

Gold and Silver

eToro is based in Cyprus. eToro is licensed to carry forex businesses in the US under FX solutions under the NFA and we are on the process of obtaining a license in Cyprus as well under the regulation of the Cyprus security and exchange committee.