NEW YORK
19:48		 LONDON
00:48		 PARIS
01:48		 FRANKFURT
01:48		 HONG KONG
06:48		 TOKYO
08:48		 SYDNEY
09:48

Forex Brokers

eToro
Name:
eToro
3_screen1
Website:
http://www.etoro.com/A23932_TClick_Sforexcult.aspx
Platform:
eToro Platform
Online Since:
2006
Country:
Cyprus
Bonus:
Up to $1,000
Leverage:
400:1
Spread:
Fixed
88x31_logo Go to eToro website
Registration Process Other Commodities Practice Trading Account Micro Trading Account Islamic Account
Very Friendly Available Available Available Not Available

eToro platform is designed for traders with little or no experience at all in trading currencies. eToro website states explicitly that the company aims to specialize in the retail section of the forex market. Howver the firm offers the best tools for facilitating the new career of the beginning trader with the most accommodating and user-friendly approach with great graphic design, tours and examples. The eToro philosophy has the goal of connecting the international world of finance and currency trading with the retail trader at the most basic level and they do it just great!


eToro is very flexible about client deposits. MoneyGram, WesternUnion, Neteller, PayPal, WebMoney are accepted channels for account funding , along with the standard credit card deposits and wire transfers. The minimum deposit with a credit card, PayPal, Neteller, WebMoney or Moneybookers account is $50, and it is $500 with WesternUnion, MoneyGram, and wire transfers. The eToro website offers extensive help and guidance on client deposits. Withdrawal of funds is equally easy, and the filling and submittal of an online form is the only necessity.


eToro trading platform is the most unique in the forex industry. The interface looks like a game, currencies that run marathons, pull ropes or wrestle with each other, the cowboys and sumo wrestlers who fight as your trades move into the red or black, all bring a whole new experience of entertainment and excitement to currency trading.

The eToro lobby has four trading areas.

The first one is the FOREX Marathon.

Graphic characters, ranging from a farmer (US), sumo wrestler (Japanese Yen) and a European businessman (Euros) represent each currency in the FOREX Marathon.

Simply choose the currency that you’d like to buy, pick the currencies to compete against, select the amount and click the "Open Trade" button at the lower bottom right of the screen. Within these four simple clicks you have a visualization of the marathon, showing you exactly how your money is moving as you watch your character race for the finish line.

eToro also allows US clients to trade, the American branch of the firm, eToroUSA is an online platform operated by Tradonomi LLC that was established for the purpose of introducing prospective traders to U.S. regulated brokers.
Features

Trade with as little as $50 USD Intuitive UI

Pros

Accepting US Clients. Fun & Very Inviting. Interactive With Good Online Community. Comprehensive Trade History. Low deposit required to join in on the fun. Informative headline ticker and live FX rates in the lobby. Live Desk.

Cons
No Mobile Trading. Somewhat unproven in live trading market. Disconnection problems.
Deposit Options
Wire Transfer, Visa, MasterCard, JCB, PayPal, Neteller, Moneybookers, Moneygram, Webmoney
Languages
English, Arabic, Spanish, Italian, French, Russian, Chinese, Japanese, German, Turkish
Powered by Sigsiu.NET

Broker of the Month

logo UFXMarkets provide up-to-date charts and news feeds, coupled with an easily navigated trading platform. UFXMarkets traders can access the biggest market in the world 24 hours a day with ease.

By keeping their new ParagonEX 4.1 platform, site and deposit process simple, safe and secure, UFXMarkets have become the web’s premier online forex trader.

Promotion of the Month

logo_80x40_1

  

 

Markets.com will teach you to trade Forex with 1-on-1 Personal Training, a detailed Beginners Trading Guide and Weekly Market News & Analysis. Markets.com offers its traders the best trading experience, coupled with numerous trading benefits. Check them out

Polls

Which is the Best Forex Broker you have traded with?

Interview with Matthew Sheppard

Senior Forex Advisor at XForex


1. What is your name and position?

Hello, my name is Matthew Sheppard and I am a senior forex advisor at XForex.

2. What is your experience and professional background?

In the last 6 years I had filled several positions in financial institutions such as a stock broker, a foreign exchange desk manager, a financial consultant and in my recent role I serve as a senior Forex advisor for XForex which is an online forex company.

3. What type of clients you deal with?

We deal with clients on all levels from the beginning stages to the more advanced trading levels.

4. Does most of your business activity come from the online or offline world?

Because of our high presence on the web, most of our business comes from the online world.

5. Why should a trader pick XForex from all forex brokers?

Aside from all the benefits that XForex offer like commission-free trading, 24/7 online support, high leverage (200:1), XForex offers educational and learning trading experience that you won’t find anywhere else..

Our team of experts and financial trainers provide personal assistance and guide clients to financial success. We provide daily analysis and market reviews to our clients giving them a better understanding of the market and helping them trade profitably.

6. From your experience, what advice would you give a person who wants to enter the forex world?

My advice to the beginning trader entering the Forex world is as follows:
  • Learn the market and understand what you’re getting into.
  • Research and find the broker that suits your needs and wants. Look for a good offering but more importantly customer service, don’t go for the low rates offer without being certain they have a good customer service department. From my extensive experience in the Forex world your key to success will be your client-broker relationship. I can honestly say that at XForex they put an emphasis on servicing clients, which is so important.
  • Invest smartly and calculate your risks.
  • Always know when to get out of a trade.