A Review Of The Forex Broker eToro.
The foreign exchange industry actually makes the mind boggle. It is absolutely huge and there is over 3 trillion dollars a day traded in it. Many people also make their living as full time traders. It’s not easy though and to do so you need a good system, as well as a good Forex broker.
eToro was set up with the vision to create an extremely usable trading platform that traders from novices up to professionals could use.
If you are new to trading Forex then you will love the eToro platform, which is set up like an interactive gaming platform. It’s very easy and also a lot of fun. There are plenty of videos to take you through every step.
As you gain experience or for seasoned traders, there is a professional mode which continues to have the same functionality, but without the game like experience.
The spreads at eToro go down to 2 pips which is extremely competitive in the industry. Pips are basically the cost of trading, the difference between the bid and ask price. Many brokers will charge 5 pips as a standard. If you trade frequently this can become very expensive and eat into profits.
They also have a very reliable platform, which is essential. Many brokers in the industry also experience ’slippage’ or re-quoting, which means that a trader cannot buy or sell at the price they wan’t and have to be re-quoted at a less advantageous price.
The customer service team are available 24 hours a day and they are focused on providing a community feel and have a lively forum for exchanging ideas.
There is also a full comprehensive training program and free practice accounts for those who would like to gain confidence, or develop their trading strategies.
Traders can start their first real money trades with as little as $50. This means that traders only ever have to start trading with what they can afford to lose, which is very important.
For a more comprehensive eToro Review or to sign up for a free account just Visit This Page.
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