” Etoro Forex Review”
When it comes to forex trading software for new traders and also advanced traders, Etoro forex has the best. Etoro forex has a very unique trading platform with many tools that are not offered by any other forex broker. One of Etoros best trading tools, and in our opinion the only trading tool you will need in forex to make profits is the Open Book. Etoros Open Book combines forex trading with social networking to make the most powerful trading tool available. Etoros Open Book allows you to see real time live trades being made by the top professional traders using the “Etoro trading platform”. You can view each traders success at trading and how much percentage of profit they have made over the week, month and three months. You can then follow and copy the trades of any trader you like to. So with very little experience in forex trading, you can place the same trades as expert forex traders.
Etoro Review
Etoro forex has an unbeatable customer service support. Etoro provides its traders Live Customer Support Monday till Friday between 06:00 and 22:00 GMT. When the customer support is out of hours you can still get help from Etoro traders in live chat and the “Etoro” support forum.
At Etoro you can open a real trading account with as little as $50 with leverages starting from 5:1 up to 200:1. Spreads at Etoro start from as low as 2 pips. When you first open a forex trading account you can receive a first deposit bonus of up to $10,000.
A very good reason to sign up with Etoro is they hold weekly trading competitions, Not just for live trading accounts but also for demo trading accounts. There are 10 prizes of up to $1500 for both real trading accounts and demo trading accounts. If you win the demo trading weekly challenge you must first make a deposit before your trading account is credited with the prize.
Etoro offers all its traders as much learning support as they need all for free. The information and training etoro gives to its traders is far better than the information sold by forex gurus. Included in Etoros educational trading are ebooks, webinars and live trading chat.
Another great tool that Etoro has that is great for new traders is etoros traders insight tool. This is a particularly good tool for new traders who dont know whether to buy or sell a currency. You can read a full review of Etoros traders insight tool here
Click Here To Trade Forex With Etoro Forex
Etoro has several different trading platforms, Web Trader, Desktop Trader, Open Book and a mobile trading platform. Etoro also supports islamic trading accounts.
eToros Open Book
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Hi im glad I came across this post a few months back. I started trading using etoro, I have not really used the open book that you mention, but have made some quite good trades using their traders insight tool. Thanks for this post, when I tried other forex brokers I found them to be more complicated than etoro.
Hi Mark, Glad you found our post useful. May I suggest something that you might already know. The best time to use the traders insight tool is in between the market overlap of NY and London. You should also try the open book, you can find a lot of information about trades being made using the open book.
Just a few tips that you have not mentioned. When using etoros open book it is important to keep an eye on traders to see how they perform. Sometimes traders can perform very well for just one month.
Thanks for sharing this information on etoro forex. I had been looking for a broker with tools that were helpful and make it easy to trade. Thanks for the recommendation.
I like etoro apart from the fact that they don’t have a mt4 account. I first started forex trading on the etoro platform and found it a great way to learn, but I have moved on now to Hotforex as the have mt4 platform.
Last week and this week was a bad week for traders and just like most traders i made wrong trades and i took risk with 50% of my account. but i was ready to deposit more money if the market goes against me. so euro and australian dollar drop 400-500 pips, so my account was left with 10% of my balance, so i try to deposit more money, but when i try to pay with my visa card, i get message that talk to support.
i get support and they say i have to send my passport copy and utility bill and they review it and then i can deposit money, but the first time i deposit money without any documents, they only ask for registering online and pay with visa, no document nothing.
so i asked the support person first time i had no problem depositing money and now that my account is wiping out , etoro is asking for document and by the time etoro review my document and allow me to deposit money my $2000 account will be zero. they say this is company policy.
so when they get a chance to destroy you they will, i will never trade with them again and i thought i should share this with fellow traders.
This is why before you invest any money with any forex broker, you should fully read the terms and conditions. There are no forex brokers who do not require ID. I personally go through every last detail fully, before I invest with any broker. Etoro have to meet certain guide lines due to regulations. I also do not understand why you would think it was beneficial to Etoro to do this. Etoro make their money through the spread, no matter how much you loose or win, they still only get paid the spread of the trade. If you loose money and do not have funds to trade, then Etoro will loose money, due to you not trading.
I am very sorry to hear about your losses, but you should take this as a learning curve, be sure to check every last detail before investing.