Etoro Review

Etoro Review

Etoro forex is well known for being the best forex broker for new traders. This is mostly due to its ease of use and and the special tools which are available to use on the Etoro trading platform. 

One great point about Etoro is the fact that they have an unlimited demo account. This is great for people who are new to forex, as they can take as much tome as they like to learn how to trade successfully without risking any money. It is also great for practising new trading techniques without risking any money.

What Makes Etoro Good

When selecting a forex broker to trade forex with, it is very important that the forex broker meets all your needs. The main points you need to look for are

  • A reliable forex broker that executes your trades the minute you place them.
  • A low minimum deposit
  • Option to use a high or low leverage
  • Low spreads
  • Free training and forex information
  • The ability to be able to contact them by phone
There are many low quality brokers who do not execute your trades as soon as you place them. This means that you do not get the price which you want whether opening or closing a trade. This can cause you to loose large amounts of money. At Etoro Forex your trades will be executed within a split second. This means you will get the exact price that you want and not something completely different.

The minimum deposit at Etoro starts at $50, this is great as you do not want to be depositing money which you cannot afford to trade with. 
 
The leverage at Etoro goes up to 400:1. This high leverage gives you the opportunity to open of $10,000 with only $25 needed.

A forex broker make their money through the spread. The spread is automatically deducted once you open a trade. Therefore the lower the spread the more money you will make from your trade. The spread at Etoro for the popularly traded currency pair: EUR/USD is only 2 pips which is very good.

Etoro Forex offers all their traders as much support and free education as they need. Another great point about etoro is their traders forum, where you can talk to other traders and learn new trading techniques. Etoro also has a chat room integrated in to their web based trading platform, where you can chat to other forex traders.

The support centre at etoro is available round the clock and in many different languages. This is very important if you have a problem. The last thing you want when trading forex is to have a problem and loose money because you cannot contact your broker.

Bonuses At Etoro


First deposit $100- $399 get $25 bonus

First deposit $400 – $999 get $100 bonus

First deposit $1,000 – $4,999 get $250 bonus

First deposit $5,000 – $9,999 get $500 bonus

First deposit $10,000 – $19,999 get $1,000 bonus

First deposit $20,000 and more get 10% of their first deposit amount, thus if a trader deposits $100,000 he will receive the maximum $10,000 bonus.








 Etoro Trading Tools
Apart from the above reasons there are many other reasons why it is beneficial to use Etoro Forex, like their unique trading tools. Etoros most popular trading tools are The Open book and their Traders Insight Tool. We will discuss these two tools in further detail on our website. Below is a video which shows you the benefits of using the Open Book.