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eToro is the revolutionary forex platform that made forex trading easy for everyone. It features a unique trading platform with many visual elements, that makes trading forex easy like playing a game, but it also has the tools and the expert mode that makes it perfect for experienced traders as well. The eToro platform is powered by Retail FX. |
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Head office: Limassol, Cyprus |
Minimum deposit: 50 USD |
Leverage: 1:400 |
Spread EUR/USD: 3 pips |
Payment methods: Credit Card, Pay Pal, Moneybookers, Neteller, Wire Transfer, Western Union, Money Gram, WebMoney |
Bonuses: from $25 to $1,000 (depending on deposit size) |
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| Download platform: Download Etoro Platform |
| Etoro video presentation: Etoro Video Tour |
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eToro is a Forex trading company that is taking a brand new and innovative approach to trading and making the very complicated experience a fun and interesting one. Forex trading stands for Foreign Exchange and it is when one currency is traded for another currency. Forex trading is huge around the world and an estimated 3.2 trillion dollars is traded every single week day. Even though that is thirty five times larger then the NYSE, Forex is still not in the mainstream.
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What eToro does, is that they are allowing traders to be apart of Forex by making the process simpler and less complicated. This allows the novice trader to accommodate themselves to Forex and help them understand it at a quicker rate. They present Forex in a user-friendly manner and make it easier for an ordinary user. They are taking innovative steps that allow users to slowly dip their toe into the Forex water. They are doing this by having new users get involved in practice play. After clients download eToro they are able to experience four different types of games that will help them improve their skills and learn the ins and outs of Forex. This will prevent traders from losing any money and at the same time allow them to get acclimated to the Forex world before they begin the real trading with real money.
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The four games that new users can choose from are the following: The first one is Forex Marathon, and this is when the user picks the currency and then has it compete in a foot race with other currencies that the user thinks will go down. The next one is the Dollar Trend; and the Dollar Trend is a race of the US Dollar against other currencies, and whether the US Dollar will rise or fall. The third one is the Globe Trader and this allows users to manage their Forex trading portfolio. They do this by developing relationships with other currencies from around the world. The last one is Forex Match and Forex Match lets users choose the currency they think will go up and down. Then they have the currency go one-on-one with the currency they think will go down.
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After a user has experienced the “Forex game” then they can take their talents to the next level; they can sign up for a real money account. The account will be opened at one of the two foreign exchange brokers, RetailFX or IFX Markets. Once you are registered on eToro, a user can now start exchanging pairs and making investments on the market.
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Even though eToro’s application for clients is remarkably similar to gambling sites, many people get confused by the fact that eToro is not a gambling website, and therefore does not fall under the H.R. 4777, the Internet Gambling Prohibition Act. In 2007, eToro was able to raise $1.7 million dollars in financing from private investors.
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eToro is a great way for new traders who want to be apart of the world of Forex to get started and start making money.
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