Etoro presents understanding as far as forex trade is concerned. The firm has revolutionized the market to make trading a real fun, learning unit as well as profit generating zone. It’s not a surprise that eToro has more than 5 Million traders in over 140 nations, it has worked hard in tantalizing innovations and given their customers a great deal of attention. The firm is operating under Tradonomi LLC which has a registration with CFTC and a member of the NFA. The firm was established in 2006 in USA and now also operating from Cypress where they’ve complied with the regulations set by CySEC.
Why do majority of traders flock at eToro?
Compact majority of new traders have little knowledge about trade something that other brokers have paid no attention at. In fact, those firms have rushed in their enthusiastic clients to the complicated market without any meaningful guide. eToro takes pride in sensitizing their clients about; indicators, charts, types of analysis and news feeds. These aspects when assumed, can present heavy confusion to beginners. The customer care is ever patient and very professional in handling clients’ needs.
Trading at eToro is fun as traders enjoy the platform that’s linked to various social media. This makes traders to follow and get directive from the experts in the social media. Moreover, a trade can also swing with majority in the forum. Most brokers in Europe don’t let US traders to trade with them but eToro is accommodative and restricts none. Channels of making deposits are universal and current e.g. Paypal, webmoney, moneygram, bank wires and various credit and debit cards.
You have a choice to trade option of stocks while other brokers only allow currency trade. With two licenses (NFA and CySEC), your funds are well secured.
Deposits, Withdrawals and Types of Accounts
Initial deposits can be made through the aforementioned channels. This can be either $200 or $500 dollars depending on the avenue the trader has used. Traders must fill in online forms to make withdrawals here. Further information on this subject is available in the firm’s website.
The main account here tries to evade what’s traditional and conventional by providing a unique platform that’s more social to traders. The firm generates information from social media. The information includes; advice, facts and opinion from reputable experts, contents like posts, videos, images and articles. The information found are very helpful to trader as they can simply and carefully mimic what successful traders do.
EToro social investment network is another account that’s easy to open as traders can use it to trade or just to browse for information. The philosophy that seeks to urge everyone to engage in social trading is linked to WISYWYG interface. It’s funny that the rival brokering firms have copied this aspect and put it into use.
This is a unique form of innovative that’s user friendly and can help in giving direction to traders based on their assessment of the market. It works well both for beginners and veteran traders. EToro social trading tools make trading real and fun. There are mobile applications for various phones that are structured to make other features of your phone to hibernate while you’re trading. There are a total of 16 currency pairs with EURO/USD attracting a spread of3 1pips. The smallest size of lot is 10,000.