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ETORO FOREX TRADING
eToro Forex Trading
        
eToro.com is a downloadable trading platform which is extremely easy to use and very friendly for the novice user - there is a standard and expert mode. There are four trading areas available - all based around foreign exchange, but with slightly different graphics and options. To set up a basic trade is extremely easy and when you join you can set up a demo account to practise as many times as you want before trading for real. There is strong community including tradedr tips, live chat and forum as well as the ability to take part in championships against other users. Very much recommended for novices in the Forex market.
Established: Cyprus (NFA, CFTC )
Capitalisation: Undisclosed
Languages: English, French, Spanish, Italian, Portuguese, Russian, Chinese (Cantonese), Japanese, Arabic, German
eToro Forex Trading Screen Shot
Advantages
1.  Very easy to use and intuitive - great for the novice
2.  Good community including trader tips, chat and forum
3.  Demo account - practise as many times as you want before trading for real
4.  Many different leverage options from 1:10 to 1:400
5.  No bank withdrawal fee
6.  Minimum single deposit is only $50
7.  No commissions
Disadvantages
1.  Have to download - no online platform
2.  Only Forex Trading available - no other markets
3.  Platform can be subject to freezing
4.  $25 fee accompanies Wire Transfer withdrawals (though no no bank withdrawal fee
5.  Monthly credit card deposit cap at $5,000
 
Terms & Conditions
See eToro website for details.
Account Information
Leverage: 1:10 - 1:400Commission: $0.00
Spread: FixedAverage PIP Spread: 2-4
Account Size (Min): $50Account Size (Max): $5,000
Trade Size (Min): $1,000 
Market Maker: YesDirect Market Access (ECN/STP): No
Stop and Limit Orders: YesGuaranteed Stop Orders with Fee: No
Contingent Orders: YesTrailing Stops: No
Scalping: NoHedging: No
Dedicated Account Handlers: YesDiscretionary Management: No
Interest On Balance: NoIslamic Swap-Free Accounts: Yes
FX Forwards: NoOptions: No
Accepts US Citizens: No 
Traded Currencies Pairs: 9
(US Dollar, Pound Sterling, Euro, NZ Dollar, AUS Dollar, Japanese Yen, Canadian Dollar.)
Base Currencies: 1
(USD)
Introductory Offer
Initial deposit matched up to $500 bonus.
Setup Costs and Duration
Account live as soon as sign up. Free to set up.
Funding Methods and Costs
1.  Credit Card - (Min: $50,  Max: $1,000 - Limit per Month: $5,000)
2.  Wire Transfer/BACS - (Min: $500, Max: $5,000 - Limit per Month: $10,000)
3.  PayPal - (Min: $50,  Max: $5,000 - Limit per Month: $10,000)
4.  Western Union - (Min: $500, Max: $5,000 - Limit per Month: $10,000)
5.  MoneyGram - (Min: $500, Max: $5,000 - Limit per Month: $10,000)
6.  Neteller - (Min: $50,  Max: $10,000)
7.  Moneybookers - (Min: $50,  Max: $5,000)
Additional Services
Community features, including trader tips, chat and forum. 4 trading areas / games: Forex Marathon, Dollar Trend, Globe Trader and Forex Match. (HEDGING)
CFD Trading: NoSpread Betting: No
Futures Trading: NoShare Dealing: No
Mini Account
Not available specifically - but you can open account for as little as $50 and choose leverage between 1:10 and 1:400
Account Size (Min): $50Account Size (Max): $20,000
Trade Per Position (Min): $50
Demo Account
Demo account - practise as many times as you want before trading for real. $2,000 initial virtual balance - when this runs out, just update for a fresh $2,000.
Open Demo Account:
Software Information
Platform: In House
Platform developed in house by eToro
Software Requirements
Microsoft windows platforms supported: MS 2008, XP and Vista. MAC also supported. Executable Downloadable.
Training Facilities
Online manuals, downloadable e-guides, forum, live chat, demo account
24 Hour Trading: YesLive Chat Support: Yes
Live Stream Quotes: NoFree Phone Support: No
Mobile Trading: NoMobile Alerts: No
Automated Trading: NoAPI Access: No
        

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