eToro Review rate: 5.00
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In the Forex world, where a novice feels so lost to understand the basics of the market trends and make a mark for oneself, the simplicity of eToro platform has revolutionized things for newbies to a great extent. Although you cannot count on eToro for some high functionality options, like automated trading, conditional order types, et al, this forex platform is still referred to be one of the most reputed of the entire lot.

However, eToro dictates its preference for new traders; the experienced traders who are interested in a more simplified way of trading would not be disappointed with the highly innovative trading experience of eToro, devised especially for them.

This innovative experts’ mode comprises in one click trading. Hence, it takes a simple click to activate trades for the requested currency. Trade charts, history, trading orders management, are all a click away in this eToro mode for trading experts. You may also view the upcoming events of the market or read the updated forex news, without having to leave the platform.

Another feature that sets eToro apart from other trading platforms is that it doesn’t charge any negative or positive interest on overnight positions, which makes it an appropriate choice for Islamic traders. The practice accounts for eToro are made available without shelling out a single buck. This helps new traders gain confidence and get an insight into the trading strategies without putting their hard-earned money at stake. As soon as one feels ready for real-time trading, they can start trading live for mere $50 and gradually tread the way to success.

As the good, old rule of the forex market suggests, the lower the spread, the better it is. eToro qualifies through this criterion with its spread going down to only 2 pips on EUR/USD pair. The highest leverage supported by eToro is 400:1, which probably is the maximum that any Forex broker has ever offered.

Besides trading a few base currencies along with the US dollar; Take Profit and Stop Loss are some of the many features traders enjoy with eToro. As a trader with eToro, you also have access to chat, forums, Forex blog, trading contests, reliable customer support, and multiple commodities support. 

Options to fund your eToro account are also quite diverse. Western Union, Paypal, Webmoney, MoneyGram, wire transfer and Neteller are the several ways you can manage the inflow and outflow of your cash.

The socializing aspect of trading along with the simplistic appeal of the eToro platform makes it an irresistible buy for many traders these days. Check it out for yourself to know it all.