eToro Forex Broker Review

With a daily turnover of over $3.2 trillion, as estimated by The Bank of International Settlement, the Forex market has quickly become the world`s biggest and most liquid financial market. Nevertheless, it is a market that has up until now allowed very narrow access to private traders, since it customarily uses terminology and procedures that can take years to grasp.

First Deposit Forex Bonus

Get up to $1000 on Your First Deposit!

Care for some extra trading cash to get you started? Make your first deposit and receive a bonus of up to $1000 instantly! It's easy, just deposit as much as you want and your automatic bonus will show in your trading balance.

The bonus program:

Deposit ------------------- Receive Bonus
$100-$399 -----------------$25
$400-$999 -----------------$100
$1,000-$4,999 -------------$250 and get a Silver Account
$4,999-$9,999 -------------$500 and get a Gold Account
$10,000-$19,999 ----------$1,000 and get a Gold Account
$20,000 and more Call for special offers and get a VIP Account

The first deposit Bbonus is applied to your FIRST successful deposit only. This bonus will be given only once per account, person, household and/or any environment where computers are shared. 

Download eToro for FREE and begin trading today.

* The ‘First Deposit Bonus’ does not apply to traders from the USA.

What sets eToro apart from other Online Forex Trading Platform?

1. Low Minimum Account Opening and Trading Amounts.

eToro offer traders the opportunity to trade their practice accounts for free. This is very important if you are new to Forex, or you would like to develop confidence and new trading strategies.

Traders can start trading live with just $50 and progress up from there.

2. Low spreads.

This means effectively, how much it will cost to trade. If you are trading frequently the spread will soon start adding up, which is why it needs to be as low as possible.

With eToro the spread goes down to just 2 pips on the EUR/USD pair, which is extremely good.

3.Instant Execution Of Orders.

This is vitally important some Brokers will re-quote meaning that you cannot get into or out of trades at the price you request, especially during fast moving markets.

This is often a consequence of liquidity, because many brokers don't have enough trading volume to ensure they can always buy at every price. However, eToro is one of the largest online brokers. This means that the liquidity they can give is very reliable. They also use a high quality, usable platform to back it up.

4.The Opportunity for Good Education and Training.

eToro has a great training program with tutorials and training guides. It's very easy to develop a full understanding of the technical and fundamental aspects that affect the prices of currency.

From here you can develop trading strategies using either the professional charting and graphing tools, or up to the second financial news and data.

The platform they use is also designed to be very intuitive. It's easy to get to grips with for newcomers with video walk throughs, and it's also set up to make it fun and fool proof.

For those with more experience, there is the expert mode which has the same level of functionality but without the 'game' aspect.

5. Leverage

Another key area and this eToro review wouldn't be complete without it. However, Traders should be careful with leverage, as it means you are trading with borrowed money and losses or gains are very much exaggerated. At eToro the leverage starts at 5:1 and goes up to 400:1.

You can also trade at eToro all day everyday 24/7, with the customer service team available at all times for problems and issues. 

Money can be deposited by card, wire or with paypal and withdrawals are hassle free.

They have worked hard to create a real community feeling for all traders from novice to professional.

There is a big forum to bounce ideas off or share other trading experiences, as well as trading competitions and also a private call function for advice from their expert traders. 

On the negative side you have to download the software platform to trade, sometimes a web based platform can be more convenient.

However, this is a minor point and overall I am very happy to trade with eToro and recommend them as a broker. 

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See What Others Have to Say

“…Good for beginners. It is in the form of a forex game. It puts the fun back into trading.”
portion of user review on ForexPeaceArmy.com

“…Also, it works unceasingly, and it runs expeditiously fast. This eToro is very great! Excellent. We all liked it. It’s pleasant, fast and exact…”
portion of user review on forexfinder.ne

“I have been trading forex on etoro for about 2 months now and it is an amazing platform. This tool is meant for people who want to get into forex. I started with practice account and only after a long time started to trade with real money.”
portion of user review on Techcrunch.com

Is eToro suitable for me?

• View your trades interactively: Trades are visually represented so you can watch your trades run marathons, rise and fall between countries and more.
• Chat: Interact with friends and fellow traders either privately or publicly.
• Trade: Trade for real money with real-time trade execution.
• Low Spreads: eToro is offering some of the lowest spreads on the market, starting with 2 pips spreads.
• Practice: Apply your trading skills with real-market rates on virtual money.
• Compete with other traders: Various free-to-enter championships are held so you can get a chance to win top prizes and become the top trader.

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