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Discovering new brokers on your go through the Forex world will help you become better and better in trading activity in general. The fact that you meet new arenas for your trading – with new features, different bonuses, as well as various platforms – will enrich your Forex culture and eventually you will be able to recognize the good from the bad brokers. Today, we focus your attention at eToro review, which will bring you a completely new experience in Forex trading. Moreover – the review we present you is detailed enough, so you can understand what you will be offered without even making any additional research as to this broker. So let`s get started now!
Basic eToro Forex Broker Information To Know as A Start!
The very first thing we need to tell you about eToro website is that this is nothing like everything else you have seen as a Forex broker up to now. This broker is a typical social broker that enhances the social web advantages and brings them as its most common feature. What we are trying to say is that, while trading in eToro website, you will be able to see what the rest of traders do, so thus, you can get some more experience – for free – and you can also adjust your current beginning strategy to the one that pros and advanced traders have. To provide such a benefit, eToro uses the OpenBook special social platform that appears to become cross between Facebook and Twitter, but for foreign exchange traders. It presents a live feed with buy/sell activity as well as a list of the top performers and their gain percentages. OpenBook is a great tool for helping new traders monitor the market and learn from others. eToro is a Cyprus-bases broker. It got its official license to operate on the market in 2006. However, note that this broker has not one single, but several regulation agencies that cover the safety factor for both – your personal data and the financial transaction protection. eToro gets its controlling measures from the following regulation bodies: NFA and CFTC – the Commodity Futures Trading Commission and National Futures Association. Last, but not least, have in mind that this broker accepts USA-based customers.
Features To Consider In eToro Forex Broker!
The currencies that are allowed for opening an account in eToro are the main ones USD, GBP and EUR. The broker requires a minimum deposit of 50 USD as an initial deposit for a start and the payment methods on the website are the general debit and credit card, PayPal, Moneybookers Skrill, Neteller and etc. Deposits are performed 100% free with no extra charges, while the withdrawals are available all the time, but at small charging, which depends on the amount you claim to be transferred. The fee can be from 5 to 25 USD. The maximum Forex leverage here is 400:1 and the minimum trade size is 10 000. Since January 2014 eToro Forex broker accepts Bitcoin as a currency for trading, too.
What Is The eToro Customer Support Services
Since it is a 100% social Forex broker, eToro is supposed to establish good customer support services. And it is a well-known fact that this trading platform does provide the most amazing support for its audience by all means. The safety on this Forex broker is also supported by the great customer support services. Thousands of employees work 24/5 to secure your inquiries and to respond your questions or special requirements. Save for the main communication ways by e-mail and phone, you can use the live chat on the website. The customer support representatives on eToro are available at multiple languages – English, Arabic, Russian, French, German, Italian and Russian. Also, the booker has a special modern mobile version that allows you to trade from any place and at any time.
How About The Bonus System At eToro Forex Broker?
We have reached the most beneficial part of our eToro review – the bonus system that is currently available at this Forex broker. Check out what bonus types this platform offers you now:
1. Demo Account
The demo account on the eToro website is an entire bonus. It provides you 20 000 USD for trading as a practice base. The demo account is quite beneficial since it offers a large amount to trade with and then to decide whether the broker is really what you are a looking for.
2. Refer a friend
Many brokers have such a program, but only eToro provides such a big prize for it. We remind you that the refer a friend program asks you to invite a friend, colleague or relative to join the website, too. Invite 10 friends to eToro and get up to $1000 depending on their first deposits.
3. Social Bonus
Become the most social trader on the eToro website. After all this is the main feature of the platform that makes it different from any other. Becoming social can get you a bonus of 50% of your 1st and 5th copier!
4. Loyal and regular customer Bonus Types
The eToro Forex broker provides different bonuses for its regular and loyal customers. They change all the time, so do not forget to check out these special promotions, when you become a common trader on the website.
Trading Platform At eToro Broker
eToro is a very easy to be operated website. Once you visit it, you will see it yourself. The intuitive interface, of course, depends on the software type the broker uses. eToro does not integrate only one single platform, but 3, which gives the customer to choose what suits his needs at most. You can make a selection from WebTrader, eToro OpenBook and a special eToro platform. The mobile version is very beneficial for traders, who prefer to be connected with their accounts all the time, while the other two software types are browser-based and do not require any special installations or fees to be paid.
Why Choosing eToro Broker?
Here is the list of the best pros and benefits that eToro offers you as typical social broker:
– options to see what others do to become better and better
– interesting bonus system
– superb customer support services
– fantastic and safe regulation
– acceptance of USA customers
– finest leverage and spreads on the market!
Choose eToro Forex broker to discover a completely new way of trading that is specially combined with the social privileges that a social web from current days provides! You will not regret!