ETORO – A Quick Review

This broker entices you into doing business with him by accepting a small opening deposit. The broker also offers spreads that begin at just 2 PIPS. The broker also offers flexibility in a several different areas including leverages, deposit methods and bonuses of up to one thousand dollars when opening an account.

The trading program he offers is simple, basic and offers only a few select trading operations. Operations that are offered are those that don't require a complicated analysis. Operations offered are those you can be described as simple and plain. Beginners will find that the program offers all that they require. More experienced traders will find that a lot of operations and features are missing.

The program makes it possible to examine currency pair situations in real time. This information will be displayed by an animated, which displays the strength of currency pairs in real time. If you choose to do business with this particular broker, prepare in advance your important questions so that they a representative can answer because some of the required information will not be available on his site.

"Demo Trading" – Available for an unlimited amount of time. Score: 10

Initial Investment – While the broker does not offer "MINI" accounts. It is possible to open an account with a minimum initial deposit of $50 and you will receive a leverage of at least 1:10 on your transactions. Score: 9

Deposits and withdrawals – There are a few on line deposit methods available to you including using a credit card. It is not really that complicated to deposit or withdraw money from your account. Score: 9.8

Spread – The broker offers spreads that range from two PIPS and up on main currency pairs. The spreads offered are not fixed therefore you will sometimes find spreads high that the average. It is possible to find spreads that range from four to six PIPS on main currency pairs. Score: 7

Stop Point – You will need to ask the broker whether a stop point is guaranteed and if it is available under all market conditions.

Leverage – Good and flexible! It is possible to use a leverage of 1:10 up to 1:400 on transactions. Score: 9.2

Interest – You will need to ask the broker if he calculates internet and under what conditions.

Regulation – You will need to ask the broker. Score:

Trading Tools:

Technical and professional support – available 24 hours a day.

Literature, online tools and professional articles – The broker provides you with up to date financial news as well as a financial diary and animations which show which specific currency pair is the best at any point in time and by what percentage.

Trading courses – None.

Market surveys and reviews – None.

Trading alerts – None.

Trading help guide – Yes.

Number of foreign currency pairs available – This broker offers eighteen different foreign currency pairs.

Languages – Eleven languages are supported.

On-line trading room – None.

Personal coaching – None.

Bonuses and free gifts – You can receive a bonus of up to one thousand dollars when opening a regular account. The bonus receive will depend on the sum of your deposit when opening an account. It is possible to receive a bigger bonus when opening VIP accounts. Sometimes a ten thousand dollar bonus will be offered to the most successful trader during a particular week.

Trading platform – You will have to install the program on a computer.

Trading program "friendliness" – "Lukewarm". The program doesn't provide you with everything that you need to trade. And the program can be hard to work with at times. Score: 7

Advantages – This broker provides a number of deposit and withdrawal options to choose from. You can easily and quickly open an account. It is possible to start trading with a tiny sum of cash which will get you a small leverage which allows you to start earning money. You will also receive a bonus when opening an account. This small bonus shouldn't influence you into working with this broker.

Disadvantages – This broker in not unique in the market and is not always appropriate for all types of traders and trading methods. The broker does not stated whether or not he is backed by a regulator. The program is adequate, but does not live up to the standards of competitors.

Broker’s score: 7.5

Note: businesses, commercial companies and brokers may change their terms, offer, conditions and bonuses offered to their clients at any time. As such, if you decide to do business with him, or any broker, it is important to check and determine if the current offers mentioned within this article are still valid.