Etoro Review
Etoro is a retail forex broker with a fresh new take on forex trading, that will likely appeal to many who have long wanted to try their hands and making money with forex trading, but have been put off by the technicalities and ‘lingo’ of traditional forex broker. Forex trading really isn’t that difficult to learn, but as a beginner it can be a bit overwhelming at first and just getting to learn the trading platform can be a challenge in itself. Etoro has taken the consequence of that and created a forex trading platform that is intuitive fun and very easy to learn.
Etoro stands out from other traditional brokers in that it offers a unique graphical approach on their platform, which is very easy to understand for a newbie. There’s the choice of course to display charts and quotes in the old fashioned way, but there’s also the options to show everything using graphic images more similar to the graphics of a online poker room or casino. In fact, Etoro is probably something to look into if you’re already a online poker player or online gambler. If you have a knack for numbers and games, Etoro could be just the thing. Add to that some sweet bonuses and Etoro becomes quite an attractive offer. I’ve known several professional sports bettors and poker players who have crossed over into forex trading trough Etoro. After all, the same skills that makes someone successful at those will likely make you successful in forex.
Etoro is a forex broker designed for ease of use and fun, but that doesn’t mean you can’t learn how to trade forex while you’re enjoying yourself. The Etoro website has a large selection of forex educational material, from ebooks and guides, wiki style glossary to videos and daily updates.
Etoro main winning point is that it’s so easy to get started. There’s no need to fiddle around with a ton of settings, just sign up for the broker, make a deposit using credit card, bank transfer or paypal and you’re ready to make money on the global forex market. It’s really that simple. I was up and running in less than 30 minutes, trading the EUR/USD for a healthy afternoon profit! It’s quite easy to become addicted to forex trading with Etoro once you win a few trades.
Etoro is a cheap broker. Their spreads (the broker commission on a trade) is only 2 pips for currency pairs and there’s no set commission, which is very nice. A mini account can be opened with as little as $50 and the leverage is 400:1, which basically means that you can trade those $50 into $20,000 by the magic of margin trading. This means the opportunity for 400 times bigger profits! In fact margin and leverage trading is the number one reason why forex trading is so immensely popular.
Etoro is probably the easiest and friendliest forex broker to trade with today. Their customer service is always fast to get back and they actually listen to what you have to say.
Etoro has created a unique product in the forex market and has quickly caved out a niche for their services. Check them out for a fun and easy way to trade forex!
Comments