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Forex Broker - 4XP (Forex Place) Review

Company :	eToro
Website:	www.etoro.com
Established:	2006
Regulation:	CySEC, NFA (USA)
Platform:	eToro Platform
Mobile Trading:	Yes
Spread:	Fixed
EURUSD:	3 pips
Leverage:	Up to 1:400
Min Deposit:	$50 ($250 US)
Islamic Acc :	Yes
Funding Methods:	Credit card, Bank Transfer, Paypal ++
Rating:

eToro Background

eToro offers its retail clients an innovative and fun approach to trading. eToro USA is an online platform operated by Tradonomi LLC. It is registered with the CFTC and is a member of the National Association of Futures Dealers (NFA)

Key Features of eToro

eToro focuses on the retail section of the Forex market. It has spent a lot of time creating an accommodating and user-friendly approach to its trading platform.
Excellent support collateral is available via online training videos and website instruction.
eToro forex community provides chat, forums, blogs and various trading contests between members.

Account types

eToro offers a straightforward account that can be opened with a low initial deposit of $50.

The eToro account offers a range of Forex currency pairs to begin trading, as well as Gold and Silver. Leverage options begin at at 1:5 and extend to 1:400.

eToro Trading Platform

The trading platform provided by eToro is innovative and unique amongst its peers. It has been developed to be intuitive and is probably the most unique dealing platform we have come across.

In order to avoid overwhelming a newcomer to Forex trading with a vast array of charts and tools, the eToro interface is kept clean. Only the most important data is displayed to help the trader focus on market developments. In view of the fact that the platform is aimed at new traders, a stop-loss order is automatically placed on any new trade that is ordered.

For more experienced traders an 'expert ' mode is available which allows one click dealing.

As with most broker platforms, the ability to access trade history, standard charting and news feeds is present. The platform can be downloaded and run locally or used in a Web based environment.

"eToro provides one of the best platforms for new traders and even many experienced traders will like its intuitive approach. The only downside is that you will still need a MetaTrader broker if you plan to use Expert Advisors." .

Ready to start trading with eToro?

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Forex trading is highly speculative and places risks on your capital that you should be aware of prior to trading on the markets. A high degree of leverage is obtainable in the Forex markets which can result in relatively small market movements having a proportionately much larger impact on your deposit. You should be aware that when Currency Trading it is possible to sustain a total loss of your deposited funds.

As with any investment, speculation in the Forex markets should only be conducted with capital you can afford to lose .If you are unsure as to whether this form of trading meets your investment objectives then please refrain from trading and seek financial advice.

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