If you are looking for one of the most affordable and easy to learn platforms online then Etoro Forex platform is probably the best choice. Etoro has especially made there system one of the best for beginner traders to experienced alike and the best part is the have a social network aspect that helps you make better trades while you are learning as well as allowing you to copy from the best in the network as well.
( Video introduction to the benefits of Etoro )
Etoro Offers Easy to Copy Professional Forex Traders
Etoro has one of the most unique features and this is it allows you to allocate small amounts of a live or practice account to professional Forex Traders. That way when they trade your account trades as well to there ratio of trade and you then make money when they make money as well. This unique option is called the Copy Trader feature.
Low Pips Broker
Not only is a excellent learning broker but it also boasts some of the lowest spreads online, one for example the AUD / USD being as a low as 2 pips per trade and with the popular EUR / USD being 3. Because of the low spread commission per trade this means less worry trying to get past the pips and more focus on the trade itself.
Etoro is a No Commission Broker
As well as a low spread Etoro is also a no commission broker other than the spread so do not worry about any extra fees that you may be worried about.
No Rollover Fees Forex Broker
This one is one of the biggest features of this broker, no more worries about losing more and more money with a long forex trade, simply set the stop loss and and there is no rollover fee. The only fee is over the weekend, but this fee is so small there is no need to worry there also. Now you can hold onto those long trades without further loss on roll over fees.
Points of Note –
- Multiple Payment Options
- Easy to use Platform
- Micro or Large accounts welcome
- Minimum deposit of $50
- Easy Withdrawal
- No Rollover Forex Fees
- Copy Trader feature allows hands free trading from top Traders – Better than any robot if you ask me. Please note always copy low risk Traders with over 95% successful rate. That way you will never have any big losses and more gains on your investment.
- Low Pips
- Cheap Over weekend rate, similar to pip ratio of started trade.
- Social Aspect
- Priceless learning features from other top Forex Traders.
- 100% Free Demo Account with competitions to win Real Money
My Forex Review Rating of Etoro
Overall I give Etoro a big thumbs up with all the features, you may however want to use MT4 with the platform as well just as a side aid if you find the charts are not the best for some reason. However for many they are just fine, that is personal preference. I will give them a big 8 1/2 Stars as an online Forex Broker.