EToro is an innovative social trading platform that sets itself apart with the ability to copy other traders' strategies and the provision of solid educational content for beginners. Advanced traders may find some of the tools and options lacking, and the price may be something to be cautious of.
By tapping into the wisdom of crowds, eToro aims to make you a smarter investor. As you follow other traders and vice versa, a community of openness and knowledge exchanging exists in a space where traditionally tight-lipped investors used to dominate. This different approach helps you learn and make extra money without actively trading.
Step-by-step videos on the trading platform enable you to quickly understand technical aspects of trading on the Web Trader platform. Webinars and e-courses are organized by trading skill level and help you increase your forex trading aptitude no matter how much experience you have. Finally, the eToroPedia gives you access to all the information and articles you need to advance your trading knowledge.
Online forex brokers who offer one-click trading tend to focus solely on placing a trade with one click while ignoring the risk management side. Introductory offers are few and far between with online forex brokers, but eToro is an exception.
For comparison, brokers such as Tradeking can be as low as 1 pip for the same currency pair. However, low-volume traders who desire the social trading aspects of the platform may look past the high cost. Experienced traders who want access to many cross currency options may prefer one of these other options to diversify their trading strategies.
Charts are pop-out windows so they do not inlay within one web screen. This makes for a cumbersome toggle between chart window and execution window. Charting data also is delayed, which is not conducive to short-term trading. The Web Trader platform does not allow you to move panes or customize the layout of the screen in any way.
Experienced traders who desire a level of customization may want to look elsewhere for a highly customizable platform. Plus, instant access to our exclusive guide: We find the best of everything. We start with the world. We narrow down our list with expert insight and cut anything that doesn't meet our standards. We hand-test the finalists. Then, we name our top picks. Latest Update November 16, Innovative social trading platform. Copy trading strategies with the Openbook platform.
One-click trading with preset stops and allocation. Access to introductory offers. Limited currency pair options. Popout charts lack high-powered tools. Dealing Desk Maximum Leverage International: Want to be the first to know everything? Subscribe Plus, instant access to our exclusive guide: The Best Bluetooth Headphones. The best Bluetooth headphones should be comfortable to wear, easy to carry and use, and fun to listen to.
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