Many traders all over the world use this Broker to carry out their operations in Forex, eToro is a financial services company based in the United Kingdom, is available in several languages among the most prominent we have: Spanish, English, French, Italian and German.
Currently this financial company helps new traders without experience who start trading Forex, there are many currency brokers however if you are starting to make investments it is good to start financial operations with this company. eToro’s platform is user friendly because it’s so easy to use for both experienced and novice users.
The fact that their platform is so sophisticated but at the same time so easy to manage is with the purpose of attracting more and more people to trade with them, when trading through this Broker the user can discuss with other traders the activities related to trading currencies, stocks and commodities. eToro provides us with real-time graphs to perform our financial operations with them.
However, if we trade through another Broker, we can use their charts and compare them with the others to make the right decision when making a financial transaction. If the user wishes it before beginning to trade with real money he can use a demo account in which he will be able to trade with virtual money in real time and in this way he will be practicing for when he decides to do it with real money.
Attention: If you are a resident of a European Union country due to ESMA measures, the maximum leverage for any Broker you use is 1:30, in this case 1:30 for the main Forex pairs, 1:20 for the main indices such as gold and silver together with the minor Forex pairs, 1:10 for minor indices, raw materials and exotic Forex pairs, 1:5 for shares and 1:2 for crypto currencies.
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eToro is a popular Broker worldwide
A great advantage of trading with this broker, as mentioned before, is that you can talk to other people and discuss what would be the best options according to the market trend. eToro apart from being an excellent broker also works as a social network with which we can exchange information with other people, we can even get to know successful traders who give us good advice to make our investments.
The important thing about exchanging information with professional experts in the field is to keep track of the results that are getting investors, even when an investor makes many successful transactions eToro gives us the option to copy this person and thus earn more money something that is very good for people with or without experience.
If you want to copy other investors it is advisable to look at the statistics of the last months to know if their growth has been continuous or is momentary, remember that if you want to copy third parties you must constantly review their activities because if they get to have losses you will also have them. Once you have which investors are going to be copied you must proceed to designate an amount of the current balance with which to copy the investors, the maximum percentage of profits that can be obtained by each is 20%, remember that investing in the Forex market carries a high risk of capital loss and no profits are guaranteed even when doing Copy Trading.
When starting from scratch to trade Forex it’s good to adopt the option of copying other traders, trying to increase profits and reputation for yourself from the beginning can take a long time, but when you’re ready to do it eToro will allow you to do it easily. Most of the users who use this Broker to trade, give positive ratings for the easy handling of the platform and the speed with which its system is understood, in addition to that people feel very well because they can copy the operations of other traders and thus allows them to increase their income.
The experience you have when trading in this Broker is positive for all traders, especially for its social investment platform which is called: Open Book, apart from its other Copy Trader functionality, which as already said is the best thing you can do when you are starting trading on your platform. Another thing that users value most is the mobile application offered by eToro, which allows you to track the status of your operations in real time from anywhere a person is, just as in the web version, this application is very easy to understand and allows you to operate comfortably from it.
Is the eToro Broker regulated?
It is very important to trade only in regulated Brokers, as far as eToro is concerned this is a 100% regulated Broker by the Cyprus Securities and Exchange Commission with license 109/10, you can rest assured that this entity regulates the operations of the Broker and guarantees you security, it should be noted that eToro has more than four million clients worldwide and most of them speak very well of this platform.
What do I need to register with eToro?
When you open an account with this Broker you need to make a deposit of at least 200 dollars to start trading, this deposit can be made by PayPal, Neteller, Skrill, Credit Cards or by bank transfer. Another fundamental requirement to open an account with this broker is that you cannot be a citizen of the United States, Cuba, North Korea, Japan, Sudan, Syria and Turkey, the rest of the other countries are accepted. Here’s how to register for eToro:
- You must be logged into the eToro homepage
- With your Facebook account you can transfer all the required information.
- You must send a scan of your passport or ID to verify that the information you are providing is real.
- After you do the verification you must deposit the 200 dollars that were said before to activate the account.
- Once you activate the account you will be able to start trading, this platform provides professional training to trade Forex which is very beneficial to learn as quickly as possible.
Don’t wait any longer if you want to start trading in the world’s largest foreign exchange market you must do it with eToro, remember that when you start you must train professionally in the Trader little by little and familiarize yourself with the terms that are handled in Forex.
Any investment carries the risk of total or partial loss of capital. Only risk the money you can afford to lose, performance on past trades does not guarantee future results so operate with awareness and perform relevant analyses for each investment. This publication is purely for educational purposes and should not be considered as investment advice. eToro is no longer available in Belgium so this offer is not aimed at that audience.
Only risk the money you can afford to lose, performance on past trades does not guarantee future results so operate with awareness and perform relevant analyses for each investment. This publication is purely for educational purposes and should not be considered as investment advice. eToro is no longer available in Belgium so this offer is not aimed at Belgian residents.
