Forex trade
eToro
About eToro
In the scheme of things, eToro is a bit wet behind the ears. Founded in 2006, eToro is still feeling its way around and trying to establish a secure customer base. That’s not to say that eToro is struggling; in fact, it has quickly become one of the most well-known online forex brokerages in the world. Given its rapid rate of growth, there’s little doubt that eToro will continue to rise in prominence as time goes by.
eToro’s corporate headquarters are located in the British Virgin Islands; its administrative offices are located in Cyprus. However, eToro also maintains offices at several other major cities including New York City, Singapore, Dubai and Sydney, Australia. In this way, eToro is able to accommodate the customer service needs of clients around the world with ease.
Key Registrations
Many online foreign exchange market brokers proudly display their key registrations on their websites; this is not the case with eToro. As it is headquartered in the British Virgin Islands, it is possible that eToro simply doesn’t fall under the jurisdiction of any of the major regulatory bodies that many other forex brokers do.
Vital Trading Information About eToro
Dealing Desk
eToro doesn’t use a dealing desk in the traditional sense of the word. Like many other up-and-coming forex brokers, eToro believes that dealing desks can compromise the trading experience by letting individual brokers exert too much influence over traders’ accounts. Instead, eToro uses an automated dealing desk that does away with the potential for human errors and other issues.
Leverage Limits
Leverage limits run the gamut at eToro, depending on which of the 15+ currency pairs you are dealing with. Limits range anywhere from 1:5 to 1:400 for currencies that are traded using eToro. Therefore, it is possible for traders of all sensibilities to find a currency that they will be comfortable trading with on eToro. Without a doubt, leverage limits are quite flexible and easy to work with on eToro.
Trailing Stops
Oddly enough, eToro does not offer trailing stops to its traders. Stop loss and automatic stop loss orders are, of course, available; trailing stops are not.
Trading Spreads
eToro touts itself for offering fixed spreads that can be as low as two pips. Popular currencies have the most competitive spreads, which is typical for an online forex broker. For example, the spread for EUR/USD is commonly right around three pips. When stacked up against other popular foreign exchange market brokers, eToro’s spreads are very competitive indeed and are sure to win it over many new clients as time goes by.
Vital Trading Information About eToro
Unlike many of the top online foreign exchange market brokers, eToro does not give its trading software or platform its own unique name. Instead, the software and platform that you will trade on when using eToro is simply called eToro. Despite the simple moniker, though, the eToro platform is very streamlined, efficient, intuitive and user friendly. In fact, eToro is one of the best platforms available today for those who don’t have a lot of forex trading experience. Beginners will enjoy an easy introduction to the world of trading foreign currencies when they use eToro.
The eToro software is characterized by a simple interface and bold, vibrant fonts and graphics. Getting comfortable with the eToro platform takes no time at all, but there is more to using eToro than its software. Learn more about the key benefits, features and characteristics of trading with eToro by reading on below.
Minimum Deposit Amounts
When you consider the $500 bonus that you’ll receive for signing up with eToro, the $50 minimum deposit doesn’t seem prohibitive at all. Indeed, $50 is all that is needed to get going with this simple and engaging trading program.
Account Set-Up
Assuming that you’ll be setting up your eToro account online, the process won’t take you very much time at all. You just need to fill out and submit a brief application, wait a day or two for approval and then download the eToro software to get going with your forex trading experience.
Demo Accounts
Before jumping into foreign exchange market trading with eToro, you can download and use it absolutely risk-free with a practice account. After completing a brief registration, you’ll be prompted to download the eToro software. Setting up a practice account is highly recommended, since it allows you to get a feel for how eToro works without parting with a single penny.
The Bottom Line Easy Forex
Vital Trading Information About Easy Forex
The foreign exchange trading platform can often be confusing to new users. Easy Forex provides an uncomplicated user-friendly FX trading program that helps new users to gracefully enter the world foreign exchange currency trading. Beginners can practice with the Easy Forex Trade Simulator program that allows these new users a no-risk, no-cost way of becoming familiar with the current trading procedures and guidelines. This trade simulator is also extensively used by the FX professionals who are experimenting with enhanced trading strategies.
Minimum Deposit Amounts:
Setting up an account with the Easy Forex system requires about 5 minutes of time. The sign-up process is done with a convenient 3-step process that is easy for all new users to follow. At the online EasyForex.com site, the minimum deposit scale begins at only $200 dollars. Tailor-made extra-large deposits are also accommodated on this currency trading Website. An account service manager is available to communicate with the traders who would like to discuss the current trends or options that may help in maximizing a trading investment experience.
Account Set-Up:
Setting up an account with the Easy Forex system requires about 5 minutes of time. The sign-up process is done with a convenient 3-step process that is easy for all new users to follow. At the online EasyForex.com site, the minimum deposit scale begins at only $200 dollars. Tailor-made extra-large deposits are also accommodated on this currency trading Website. An account service manager is available to communicate with the traders who would like to discuss the current trends or options that may help in maximizing a trading investment experience.
Demonstration Account:
When a trader registers online at EasyForex.com, they can take advantage of a very useful demonstration program that will issue a practice account with $50,000 virtual dollars in it to experiment with. Through the use of news feeds and play updates, the new user can practice the FX trading formats until they feel comfortable with the trading systems.
The Easy Forex online Internet site is multilingual. Forex traders can choose their favorite display language from: Arabic, Chinese, English, French, German, Greek, Hebrew, Polish, Russian, Spanish.
Leverage Limits, Trading Spreads, and Trailing Stops:
At Easy Forex, users can leverage their trading for as low as 1:100. Big trading options can happen with small investments on the EasyForex.com trading site. Leverage ratio choices can be 1:50, 1:100, 1:200, or a higher ratio in some of the specialized accounts. United States users are regulated by the National Futures Association (NFA) that caps the leverage ratio at 1:100 for all FX trading that is done in this country. The Easy Forex spreads are low across the board, and normally range from 3 to 5 pips to allow traders from all countries a reasonable profit margin.
Spreads at Easy Forex are set at a moderate level and they vary between accounts, and according to calendar schedules. After-hours trading or foreign currency trading during peak trading conditions may fall under higher spread rates. Highly advanced systems and software programs are in place to ensure that each trade is executed at the user settings for stop-loss and take-profit rates. EasyForex.com allows traders to pre-set trading rates, or to modify trading rates, to a predetermined time or date. The trader may also modify the system settings while the deal is open.
Customer Service and Secure Service Options at Easy Forex:
Easy Forex does make use of a dealing desk.
Dedicated personalized services are available through the Easy Forex.com FX site. Personal account managers are available to all users regardless of account size, at all hours of the day or night. The customer support service functions through a real-time online chat box that is easy for all users to operate.
Short Message Servicing (SMS) functions can also deliver mobile phone updates to account holders from the trading marketplace. Mobile phone alerts can include rate alerts, deal closure alerts, and limit order capture alerts. This innovative SMS feature from Easy Forex set the mobile alert standards for the rest of the FX trading industry.
Another first at Easy Forex is the instant trading program that allows direct credit card use at all hours of the day or night. A state-of-the-art double layered firewall security system is coupled with a practiced authentication standards program to provide a safe credit card format. Users can use their credit cards online through this program and be assured that their privacy is safeguarded while trading through the Easy Forex site.
Beginners can utilize the personal account service manager training session that will walk first-time traders through a live step-by-step trading session. There are some elaborate and resourceful training options that include the step-by-step trading session, a guided tour, FX e-books, and the handy free trade simulator that provides $50,000 virtual dollars to practice the Easy Forex system and all levels of foreign currency trading techniques.
All Easy Forex.com traders enjoy the highly simplified visual trade controller program. This is a precision control instrument that allows users to handle scenarios of FX trading in a very simplified manner. Every level of user can modify stop losses, check alternate scenarios, and define the current rates to set the take-profit rates easily. The Easy Forex system strives to make all levels of traders feel comfortable during transactions.
FX trading at Easy Forex does not require software downloads, or computer use from a single IP address. The entire system is a Web-based program that allows for real-time data to be displayed for the FX marketplace. Since the software is a Web-based program, foreign currency traders can access their accounts in a comprehensive manner from all methods of mobile personal technology devices that connect to the Internet.
Easy Forex
Easy Forex is the innovative forerunner FX trading system that created the industry standards for online foreign exchange currency trades and transactions. Founded in the year 2003, Easy Forex is a Website that was fashioned by a diverse group of industry professionals from the trading, banking, and Internet marketing sectors. Easy Forex is a resourceful Website that provides direct access to all important global currency markets.
While EasyForex.com was originally founded in Cypress, this foreign exchange trading platform is registered in the United States of America with the Commodities Futures Trading Commission. This Forex brokerage firm is also a member of the prestigious commodities watchdog organization, The National Futures Association. Currently, there are over 21 highly-respected global banking institutions providing financial backing for the online Easy Forex programs.
Key Registrations:
- Commodities Futures Trading Commission (UFTC)
- National Futures Association (NFA)
- U.S. Better Business Bureau (BBB) / B+ Rating