eToro
Basically a Forex trading platform, eToro is a new revolution that makes Forex trading all the more interesting. With a highly graphical design and easy-to-use interface, eToro makes Forex trading, learning and honing the skills most interesting. Divided into different modes, eToro has a different interface for novices and experts. From the most basic interface to a very professional one, eToro makes sure that the person graduates from novice to an expert trader in no time at all.
The eToro interface has a variety of trading areas which cater to different skill-bases. For example, the first interface is called a Forex Marathon and comes with a host of graphic characters where a farmer represents the US or the dollar, a sumo wrestler represents the Japanese yen and a business-man represents the euro. All one needs to do here is to choose the currency and pick the competition, put in the amount and open the trade. With just four clicks, one can visualize their money moving in the form of a character race to the finish. One can also open simultaneous trades here and check all of them together in ”My open trades”.
The next important area is called the dollar trend. This is the area where one can choose if the dollar would rise or fall against selected currencies. The graphics are similarly and you can see the currencies racing against each other.
A very important trading area at eToro is the global trader. Once you make your selections here, you can see a signal in the form of a wire representing your trade against the countries that you competing against with a small box that will show you the present performance. Despite all the graphics and entertainment options, eToro is a professional Forex trading site to the core and whichever arena you select, that rates would need to be closed manually without which they would remain open. However, trades close at market close at weekends and this is where EToro outperforms itself by generating historical data and allowing you to practice your trading skills despite the market being closed.
And the very interesting section and eToro is the championship and chat. This is where, eToro interface resembles the final screen of an arcade game where high scores are listed. In this case, forex performance of all individual members are listed. As a promo, eToro runs championship challenges amongst top traders where the prizes could be anything from cash to the latest gadgets.
Deposit and withdrawal options at eToro are equally easy and it supports all credit cards. The minimum deposit is $50 and the maximum single deposit is $1000 with a monthly max out of $5000. Wire transfer is also supported with the same monthly. For the first withdrawal, a copy of passport would be required along with a copy of the front and back of the credit card which was used to deposit the money as a security check. Withdrawals are free apart from a $25 fee for wire transfers.
If you’re new to Forex trading or a professional with a long experience, eToro offers the best of both worlds with easy trading and highly professional support and service.
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