eToro Review
eToro is a totally different type of platform in the world of Forex trading. Nothing else out there compares. eToro prides themselves on catering to all different types of traders, from beginners to experts. That’s why they offer a graphical interface that is incredibly user friendly for new traders, as well as an Expert mode for more advanced traders who already know their way around the Forex market.
If you are new to Forex you can take advantage of eToro’s fun, graphical interface that allows you to trade on a world map, study easy-to-read and simple graphs and analysis and get introduced to the world of Forex in a fun and non-intimidating way. Other online Forex brokers can be scary for new traders, as they offer confusing interfaces and hard to understand analytics and instructions. You can also start out in Practice Mode and trade play money for as long as it takes you to familiarize yourself with the interface and market.
For experienced traders, Expert Mode removes the graphics, which may be distracting and silly for traders that know what they are doing. Additionally, Expert Mode traders have access to more complicated analytics as well as charts and records of your personal trades. eToro is also building a fun Forex community, where traders can get to know one another and learn from each other via live chat, forums, and tournaments in which traders can compete against one another for prizes.
Aside from the user-friendliness and simplicity of the eToro interface they also offer reliability, no commissions and spreads as low as 2 pips. New traders can open an account with as little as $50, making it a great place to get into the market. However, larger trades are also commonplace at eToro, making it a great place for advanced Forex traders as well.
