Foreign exchange services have been around since the western nations’ banks have produced currencies other than gold. These days, foreign currency exchange is big business, and a potentially lucrative one too; it’s also a business that can now be accessed by the general public, having been traditionally the domain of Wall Street type professionals. Etoro is an online and very user-friendly currency trading system that is very usable for both beginners and more experienced foreign exchange traders.

As is usual for this type of online product, a download and install of the software follows an easy registration process. Once up and running, inexperienced traders may elect to try out the software with live foreign exchange data without actually using real funds thus allowing them to get to grips with trading currencies, all without risking a penny themselves.

For those who already understand the fine exchange markets, Etoro provides some great features such as:

  • Automatic execution
  • Load spreads
  • Leverage between 1:5 and 1:400

Funding for new users

Accepting all types of funding mechanisms including; credit cards, PayPal, wire transfers, Money Grams and Western Union to name but a few, $50 is the minimum amount required to register a new account. Potential users should check around however, as there are many promotions, offers and bonuses available to make registration an even more attractive proposition.

Fully Supported

Etoro promise to provide access to 24/7 support in a variety of languages including, English, Arabic, Chinese, French, German, Italian, Russian and Spanish.

Support staff can offer online chat, trading guides telephone assistance and tutorials to make the whole foreign exchange trading experience less daunting.
Personal Account managers are available to offer personal guidance and help as well as advice on popular strategies and the present market situation. To further assist their users trading in world currency markets, Etoro contains a wealth of charts, trading analyses, market trends and general economic information regarding currency trading globally.

Bonuses & Challenges

Etoro has a bonus system whereby account holders receive a cash bonus paid into their account on a rising scale depending upon their first deposit made. This bonus starts at $25 for anyone depositing up to $400, and rises to $1000 when $10,000 or more has been deposited.

To keep that momentum going, Etoro run trading challenges that users can enter for free. These offer prizes in return for performance – as much as $500 can be won by the top trader with similar challenges being offered via practice accounts for those not involved just yet in real-money trading.

Real people

All in all, Etoro appear to be a friendly and personable online foreign exchange service and is not so intent in catering just for those who already know what they’re doing in this complicated and potentially risky business. From their start-up guidance, videos and foreign exchange professionals offering live assistance, to the fully fledged reporting and analysis rich facilities for advanced traders, Etoro seems to have all its bases covered.

Signup For EToro

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Filed under: Forex Trading Platform

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