eToro Review – The Best Forex Broker?
October 24th, 2009
The Forex marketplace is very exciting with over $3 trillion traded all over the world daily. However, if you are going to trade you need a good solid trading strategy that you execute with discipline, and a good broker.
eToro was set up with the vision to create an extremely usable trading platform that traders from novices up to professionals could use.
For those new to Forex there are video tutorials to take you through the first few trades, the platform also takes on a game like atmosphere to make everything as easy and fun as possible.
Of course, as traders progress through the different levels of experience then they can change over to the professional platform mode. It carries the same level of usability but everything is as it normally would be.
The spreads at eToro go down to 2 pips which is extremely competitive in the industry. Pips are basically the cost of trading, the difference between the bid and ask price. Many brokers will charge 5 pips as a standard. If you trade frequently this can become very expensive and eat into profits.
Also and perhaps most important, the platform at eToro has a high level of reliability. There is a dreaded aspect of trading which is know as ’slippage’. It is when a trader is trying to sell at a certain level, either manually or with pre-set limits and the brokers cannot get a price at that level, and have to re-quote at a price that is less good. This happens very little with eToro.
The customer service team are available 24 hours a day and they are focused on providing a community feel and have a lively forum for exchanging ideas.
Traders can also make use of the full tutorials and training materials to greater develop their technical and fundamental knowledge. There are also free practice accounts. These are invaluable for learning.
When traders feel ready to move up to trading with real money, this can be done with as little as $50. This allows everybody that is trading with eToro the flexibility to stay in control of how much money they are trading with.
For a more comprehensive eToro Reviews or to sign up for a free account just Go Through This Link.