eToro is definitely one if the best options for online forex, especially if you are a beginner. It offers great, user friendly software, various supporting features and lots of forex educational material, aimed at helping traders to become more equipped to handle the complex world of foreign exchange. Beginners can also use the free of charge Demo Account, to practice before going for the real money option.
eToro’s platform is user friendly, especially for those, making their first step in the online forex world. It has a special, visual mode for beginners, that makes starting up forex trading that much easier. Advanced traders can choose the expert mode, where you can use the One Click Trading feature. The site comes in the following languages: English, Spanish, French. Italian, German, Russian, Japanese and Arabic.
eToto offers its visitors all required features for trading the right way. You can keep up to date with the site’s live news and charts and use the Stop Loss and Take Profit features to prevent stressful situations. And although markets close for the weekend, you can stille trade in eToro during that time, using the “Carry Trade over Weekend” feature. Make sure you know the limitations of this feature before you use it.
Spreads vary according to currencies pair.
The following deposit methods are available: all major credit cards, wire transfers, Paypal, Western Union, MoneyGram, Moneybookers and Webmoney. Detailed instructions on the Deposit process for each of these methods are available in the site.
Customer support is available Monday through Friday from 6:00 to 22:00 GMT. Live chat and contact form are also available.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.