eToro (Investment Trading platform)
Minimum Deposit: 200 €
Minimum Investment: 100 €
Training Material: Yes (Live Webinars, eCourse, Trading Videos)
Access to Experts: Even Better ! ⇒ eToro’s social trading
Withdrawals: Yes (5 business days)
Customer Support: Yes (24 – 48hrs)
Demo Account: Yes (Virtual account)
eToro is an excellent choice for beginners, thanks to the power of sharing information and experience. This forex broker offers a social platform that allows traders to follow more experience or successful traders. When you join eToro, you will have the opportunity to start trading with a virtual account (using virtual funds). In this modality you can still follow fellow traders and, more importantly, their investment strategies without you risking any of your money, this is an excellent training exercise for you and will later give you confidence to jump start trading with real funds yourself.
In my previous post, Social Trading, when I initially knew about social trading … I just thought immediately … this is great ! . I mean, I have always insisted that you have to prepare yourself properly before making any trade. With social trading, in addition to understand the concept and risk involved, you will get to see real people doing real trades, and you can follow them and see how successful they are … So, If you big questions about forex trading is if you can actually make any money … this is the place to answer that question … and you can do that without actually depositing any money and for free. You just sign in with your virtual account and you start following the best traders and that is it … now you are seeing with your own eyes .. What is the whole thing about the forex trading?. Being a Binary Options trader myself, I just thinking that it would be great to have something similar in a Binary Options trading platform, don’t you think?
eToro introduced social trading in 2010 and defines itself as a social trading and Investing company that allows its users to watch the financial trading activity of other users, copy them, and to make their own trades. eToro is fully licensed and regulated by FCA and CYSEC.
As a Binary Options trader you can also take advantage from the market charts provided in eToro, where you can make studies, including Bollinger Bands, which is a big help and accelerate technical analysis.
The New eToro Online Trading Platform
The new eToro social trading platform is already a really big hit with traders. Instead of just offering the usual currencies, commodities, indices and stocks as CFDs, eToro allows investors to connect directly to over 5 million other social traders in more than 170 countries. Traders can set their accounts to automatically copy the trades of Popular Investors, and can ask questions, start discussions and share strategies on the online forums. Popular Investors who attract copiers receive monthly payments on top of their trading returns, and can even earn a percentage of assets under management!.
eToro built their new mobile platform (see video at end of this post) from scratch. They invested a lot of time and resources in creating a trading platform that is compatible across all mobile devices and works beautifully on smaller mobile screens. The free app is available for both Android and iOS and can be installed easily on all mobile phones and tablet devices. Traders can deposit and withdraw with bank level security, and trade on the go from any location on the planet that has network coverage.
Opening an account with eToro
Opening an account at eToro is fast and straightforward. Traders can use a free demo account with virtual money, or deposit just $200 to begin trading for real. eToro offers 24 hour customer care and I found the support staff to be friendly and helpful support. Deposits and withdrawals at eToro are fast and efficient and there is a wide range of payment methods available. Traders can deposit using all major credit cards, Skrill, PayPal, Webmoney, Neteller and more). The account verification process is simple.
There are some outstanding features on the new eToro that take the trading experience to a whole new level. Traders can create customized Watchlists to monitor the performance of assets that interest them, manage their personal portfolio, and open trades from every single screen on the trading platform. It’s also possible to switch between technical and fundamental analysis with a single click, with eToro’s live newsfeeds and trading charts. The platform is highly sophisticated, allowing professional level trading, but is designed for easy navigation and delivers a genuinely user friendly experience.
Should I Trade at eToro?
The eToro offers a unique social trading experience like I have never seen. This is a huge benefit for anybody new to financial markets and willing to learn trading strategies from others more experience traders. This value is much than what you can get out of any book or web page.
eToro trading platform is top quality and offer good customer service, and some great promotions. Anybody who is serious about investing and learning the ins and outs of the financial markets has a great opportunity to connect to other traders, discuss the markets, copy and learn from their investments.
As Binary Options trader, I find eToro to be a state-of-the-art experience that sets the next level of online trading. The platform offer the possibility for beginners to enter the world of financial markets safely with great customer support and access to a whole a community of traders. I find eToro to be totally legit and probably the one of the only money-making online alternatives that can never be referred as a “scam” … I mean there is nothing further form a “scam” than eToro. Play safe … Invest Safe … trade eToro.