Etoro

eToro is relatively new name added to the list of top online forex brokers. eToro aims to keep its traders entertain through its high-quality trading services and also prepared them for the difficult and stressful environment of forex trading. It is regulated by the various regulatory bodies in the UK, Denmark, Germany, and Australia. It is certified by the Australian Securities and Investments Commissions (ASIC). Introduced in the year 2006, still making great efforts in order to establish a secure customer base. Its main offices are located in the British Virgin Islands and its admin offices are situated in Cyprus.

Trading Platforms

eToro provides mainly three types of trading platforms to its traders that are all very easy to operate. The most commonly used trading platforms are eToro Open Book, eToro Web Trader, and eToro Mobile Trading Platform. eToro Web Trader trading platform is one of the easiest and reliable trading platforms, which comes with various advanced features such as flexible, easy to navigate and it helps you to find the best pair that you want to trade. Open Book trading platform is basically a social trading platform that permits the traders to perform trade in contact of millions of other traders. Mobile trading platform allows traders to check and perform trades whenever their mobile phone is handy.

Spread and Fees

Unlike, other forex brokers, eToro broker does not charge any fee or commission on trades executed. Whereas, other forex brokers charge a small amount of around 2 pips for every trade executed depending upon the type of account used by the traders. The spreads and fees at eToro are very competitive.

Types of trading accounts

This online broker gives their traders with four different types of trading accounts to trade on. These trading accounts can be separated on the basis of their minimum deposit requirements. The four main categories of trading accounts are Bronze, Silver, Gold and VIP Trading Account. The normal forex traders mostly use the bronze trading account as it required a minimum deposit under $1000.

Reliability

To be called as a reliable broker, a forex broker should make a trading experience as convenient as possible. It doesn’t only consist of the execution phase, but also the deposit and withdrawals of the winning amount. In this regard, eToro forex broker has provided all the convenient and secure funding methods to its traders. Traders can make funds into their trading account with different banking methods such as WebMoney, PayPal, Netteller, and Wire Transfer etc.

Investment Warning: Trading shares with foreign exchange online is a risky task so read all terms and conditions before investing in any company/share or closing any contracts. There is a possibility that you would have to bear a loss in excess of your deposited amount with your broker, so choose your broker wisely and invest smartly in profitable company/shares.

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