Customers Accepted: All
Key Features: OpenBook – OpenBook is a one of a kind social trading network that transforms the way people trade and invest online. By enabling you to follow and interact with all other traders of the eToro community, OpenBook accelerates knowledge sharing and shortens the learning curve for you to bring your trading experience to the next level.
Platform: MT4 trade via the web, OpenBook, Apps for Driod, BlackBerry and Iphones
|$50- $999||Bronze Account|
|$20,000 +||5% + VIP Account|
Leverage: 1:50, 1:400
Etoro is one of the most well-known and popular forex brokers providing a range of trading services that cater for both experienced as well as novice traders. The interface is available in two versions, with the most comprehensive being the downloaded version and a fully-integrated web service for online trading. Etoro goes far beyond the traditional online brokerage company as it attempts to incorporate many of the elements found in trading community websites and forums into its clients experience. It also provides its single platform in two distinct formats; the Expert Mode for experienced traders and the Visual Mode for those wanting a less complex interface. Whilst the web interface lacks some of the features of the downloaded version, it still provides an excellent and user-friendly interface with the option to chat to other traders.
As a pioneering forex broker, Etoro has many features which make it stand out as potentially the best in the industry. The platform is uncluttered and very easy to navigate, allowing users to browse the multiple features and extensive educational guides without becoming overloaded in information. For those depositing under $1000 and assigned to a bronze account, the platform provides helpful pop-up notifications of daily financial and fundamental announcements. It also offers these smaller accounts a weekly newsletter sent via email with a briefing on the forthcoming week as well as access to the community chat room. A trader looking to deposit over $1000 will be assigned a silver account which provides a free, comprehensive e-course on forex trading as well as a personal account executive. Furthermore, for large deposits of over $5000 per quarter Etoro allows direct phone access to its trading room and a 10% bonus on the first deposit of the month.
One of the outstanding and unique features of Etoro is the OpenBook facility which allows traders to interact and follow one another and see when traders execute trades. As a social aspect to trading this is very helpful for beginners to follow the feeds of others and gain inspiration for their own strategies. This feature allows traders to follow and automatically copy the trades of the best traders in the network by simply pressing a button. This social component is unique to Etoro and follows on from the popularity of online forums which traditionally have not been incorporated into trading platforms at such an interactive level. The integration makes a lot of sense considering the independent and often lonely nature of online trading.
Etoro’s customer services are, like their website, efficient and fast. They have multiple options to contact and this includes live support via email, chat and phone. Traders can also benefit from low spreads on the major currency pairs, currently 2pips, and leverage of up to 400:1. As an information source it provides its own comprehensive guide as well as the resources of other members of the network. Etoro provides a highly effective and interactive experience to all levels of traders.