eToro review

eToro is a Forex trading platform, which is smart, entertaining, and easy to use. eToro allows users to trade in the Foreign Exchange Trading Market in a game-like setting, and thereby gives everyone access to one of the world's largest financial markets.

Etoro is run by a team of young professional who, with years of experience in trading and in software design, have decided to come together to create a platform, first of its kind, which provides traders worldwide with an easy way to use currency trading technology as well as fair dealing practices.

Aimed at both novice and professional traders, eToro successfully offers a new trading platform which turns trading itself, and not only making a profit, into an entertaining activity.

The overall design of the site is very pleasant. It is young and animated, while still being very clear and straightforward. There is no reason for anyone to get lost in it and all information can be easily found and accessed.

eToro offers many useful tools for its users. Educational tools include a glossary and an explanation about the Foreign Exchange Market, both which help traders navigate the site and the market. eToro also offers market news.

The concept of eToro and the trading platform itself are very educational; with the use of fun games, currency trading becomes comprehensible to all.

To further simplify things, eToro offers a step-by-step explanation on how to get started. This explanation includes the various trading arenas: Forex Marathon, Dollar Trend, Globe Trader and Forex Match. All offers different visualizations of trading. The explanation section also lists and elaborates about the other services that are available on the site: Trading Log (where users find details of all their activities), Championship (where users can win money) and Chats (where users can communicate with friends and fellow traders). Via its services, eToro establishes a strong sense of community in which traders interact with each other.

Users of the eToro platform enjoy spreads as low as 2 pips for all pairs, and no commission. They can open accounts with as little as $50 and with minimum trades at $25. They experience real-time trade execution without any dealer intervention. On eToro, the leverage is at 400:1.

eToro offers many free services. It is free (and easy) to download the software, to install it, to open accounts, to participate in championships, and to practice trading as much as desired.

eToro has a dedicated group of trading, technology, and finance support professionals which are available by phone, live chat and email to answer all questions. The customer service is friendly and useful and will always get back to you within several hours.

To further facilitate costumers around the world, the site is translated into several languages: French, German, Russian, and Arabic.

eToro explains to depth the procedures of depositing and/or withdrawing money into and/or from the account. It is a simple process in which users must first install eToro's trading platform, then open a Real Account. Once they have done that, they can deposit funds into their account. At any time during the process, the customer is encouraged to turn to eToro support and/or accounting team in case s/he runs into problems.

Funds can be deposited via credit card and/or wire transfer. eToro is uses a Secure Online Credit Card System, which is fast, user friendly, and highly secure.

Limitations on depositing funds into users accounts (per deposit as well as per month) are set.