eToro Broker Review

Why Etoro Next Step
  • Social trading – follow world-class traders and copy their strategy
  • Trading on the go with the Etoro app for mobile phones
  • Assisted learning make this a leading beginner choice

eToro is a registered Forex broker in the United States and a great place to start trading as a beginner. With a format that echoes social media sites, eToro’s transparency and ease of use makes it a safe and helpful place to begin trading currency.

eToro is well regulated and uses solid encryption of data, so your information is safe and you can trade worry-free. You can trade with eToro using small amounts (a great way to practice) and be sure to make use of the forums for help and advice from fellow traders.

Minimum Payment:

50 USD – payable through a variety of means, including PayPal, credit card, wire transfer and WebMoney.

Trading Platforms:

eToro has one of the easiest trading platforms, with three different options to use. One of the difficult parts of e-trading is that it can feel like you’re being overwhelmed with information. eToro’s layouts are clean and easy to follow. The first of its three options is WebTrader 2.0, which offers a web-based platform that is incredibly easy to use. There is also a chat function, which allows you to chat with other traders, making it a highly social way to trade.

One of the best things about eToro is its OpenBook platform, a feature that makes learning a good deal easier and enjoyable. OpenBook allows traders to see what others are doing in real time and what strategies are working, allowing you to learn from them and follow trends. Think Facebook, but for currency trading.

eToro’s third option is its mobile app, which lets you trade on your phone. This is a great feature, as it allows anyone with a cell phone to trade, wherever they are. You don’t have to be glued to a computer screen to conduct your trades and you can check on what’s happening in the Forex world whenever you like.

Customer Support

Support staff are available 24/7 and the site’s guides, forums and tutorials offer additional resources of invaluable help. Forums are a huge help, as they are filled with user experiences, advice and tips.

Best Features:

  • Easy, clean layouts
  • Assisted learning with OpenBook
  • Mobile app makes trading possible from anywhere

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