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Overview

eToro Forex is popular among many Forex traders all over the world, as it offers high-quality and reliable brokerage services on Forex market and global markets. But, despite the apparent similarity with the other broker, it differs from all other colleagues, as an entirely different approach to trade on the foreign exchange market is offered. Only on eToro Forex the trading of currency pairs, securities and metals occurs collectively, so its trading platforms differ in structure from the others. Forex traders are grouped together and make decisions together, share their views, discussing option on the foreign exchange market or stock exchange is the most likely.

New Forex traders can copy the actions of the most successful traders or receive trading signals from the experts for a small percentage.

All new customers receive Forex bonus from the broker, which depends on the amount that is credited to the trading account and bonus is credited immediately to the new user.

On the site of the broker a large number of learning materials is available with the help of which users can greatly increase their knowledge of trading on the Forex market, and join in the future one of the groups to make a work on the market interesting, profitable and enjoyable.

Bonuses

eToro Forex offers new customers the first deposit Forex bonus, which depends on the credited to the trading account amount.

Forex bonuses:

- $20 for the transfer of funds to the trading account from 200 to 999 dollars

- $100 for the transfer from 1000 to 4999 dollars

- $500 for the transfer from 5000 to 9999 dollars

- $1000 for the transfer from 10000 to 19999 dollars

- 10% from the sum for the transfer over 20000 dollars (e.g. transfer of 30000 dollars -$3000 Forex bonus).

As the broker eToro indicates, Forex bonus is credited instantly to the customer's account after the transfer of funds to the trading account.

eToro Forex also prepares for investors a Forex bonus, comprising 10% of the amount that is credited to the account.

All the customers of the broker can also receive a bonus for the recruitment of new customers. Customers should invite new members on a personal link to register at broker as a trader or investor to receive this bonus and they need to fund the trading account in the amount of $100. When invited users fund their accounts, the individual, who invites them, will receive a bonus of $100.

Training

eToro Forex offers users to pass the comprehensive online training on the platform, starting from printed materials and finishing with individual communication with the teacher.

Users will learn from printed materials the basic terms, used on the Forex market, what the Forex market is and how to trade on the foreign exchange market.

Broker provides all its customers the possibility to pass interactive training using the online training course, recorded on video. This type of training will be interesting for new Forex traders and investors, as the topics of lessons are quite various.

Lectures for Forex traders:

- advantages of the Forex market (what Forex is, why its popularity is growing day by day, how to trade on the foreign exchange market)

- basic terminology of the foreign exchange Forex market(all terms used in Forex trading are discussed)

- types of stock exchange orders (what orders are and how to use them to make the maximum profit in trading)

- effective Forex strategies (the most popular Forex trading strategies and the rules for their use are considered)

- glossary of concepts (professional language of Forex traders is described, without understanding of which it is impossible to trade successfully on the foreign exchange market).

Lectures for investors:

- world of global trade (the basic methods of work on Forex market and popular instruments are explained)

- trading psychology (the mood of Forex traders is emphasized and how to use it to make a profit and not to lose)

- capital management (management rules, without which any trader can not trade profitably)

- analysis of the market (What technical and fundamental analysis is and how to use these types of analysis)

- basic technical analysis (the main types of trends, levels of support and resistance)

- advanced technical analysis (Japanese candlesticks, charts figures and their proper reading in the foreign exchange market forecast)

In addition to these lessons, all customers of the broker can study in details lessons about Forex strategies, designed for both beginners and advanced traders.

Terms of trading

Broker eToro Forex offers the following trading conditions for traders:

- the foreign currency account (the base currency)

- the minimum deposit is $50

- the leverage is 1:400 (the decrease to 1:1 is possible)

- a lot of currency pairs, securities, gold, silver

- spread is fixed from 2 points (the floating one is from 0.4 points)

eToro offers two types of accounts: standard and premium. Standard account can be opened with only $50 and premium account is available for those who are ready to credit an amount not less than $20,000.

eToro Web Trader

- multi-language support

- Instant Execution order

- all popular Forex trading indicators

- connection of Forex trading advisors

- numerous signals, generated in collective trading.

eToro Open Book

- multi-language support

- Instant Execution order

- all popular Forex trading indicators

- connection of Forex trading advisors

- communication with millions of forex traders all over the world

- collective decision-making.

Cope.Me (for advanced traders)

- multi-language support

- Instant Execution order

- all popular Forex trading indicators

- connection of Forex trading advisors

- possibility to sell and to buy trading signals.

Forex indicators (recommended)

- Awesome Oscillator

- Trend Magic

- +Stochastics

- Bears Power

- DailyPivot Ind2

- PivotWeekly.

Forex expert advisors (recommended)

- Tokyo GBP/USB (an automatic trading advisor that allows making a good profit while trading on the Forex market, especially for the currency pair GBP/USB)

- Rabbit (a mechanical trading advisor that does not require setup and shows good results of trading on the Forex market)

- mrMartinGale (a semi-automatic trading advisor, giving after setup a good profit while currency pairs trading)

- Gepard 5.0 (an automatic forex advisor, showing good profitability, but after proper setup for a specific currency pair).

Investments

eToro Forex invites everybody to invest money in trading on the foreign exchange Forex market. The amount of investment is not important. It may be a $50 and $10,000. Since the broker eToro differs significantly from other colleagues, the trading on it occurs also in not common way. Customers can not their finances in control to other Forex traders, but they can copy the actions of the most successful of them or receive quickly signals by e-mail or directly on the trading platform by opening a premium account.

Unique features

EToro Forex Broker is itself unique, but if customers want to see what options can be used in addition, they should pay attention to "Guru Trader", which allows earning extra profit by selling trading signals and making a profit by buying these trading signals.

Add/withdraw funds

eToro Forex offers VISA, MasterCard, PayPal, QIWI, NETELLER, WebMoney, MoneyBookers, MoneyGram, Western Union and bank transfers.

Contacts

eToro Forex offers 24 hours a day support to its customers in all issues via online chat, e-mail address [email protected], as well as by phone number 8-495-580-55-61.

Cons and pros

+ the unique broker

+ the minimum deposit is $50

+ small spread

+ good leverage

+ a lot of learning materials

+ good Forex bonus

- no competitions.

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