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Monday, January 11, 2010

eToro - eToro Forex Broker Review

By Rueben Gomez

eToro is a popular internet forex that has made inroads in the forex markets. They are another one that has been aggressively marketing their services on the internet.

eToro have selected an remarkable direction in that their trading software is more similar to a computer game than a typical platform. Due to this, forex traders are offered a entertaining and distinctive system of trading while still offering skilled customers an extensive collection of tools with their expert mode.

There are four ways forex trading is done with eToro. The first is dubbed the forex marathon. In the marathon, currencies are depicted by cartoon characters racing against each other. The yen is represented via a sumo wrestler while Uncle Sam represents the American dollar.

Every currency is visualized by a character that properly depicts that currency. This offers clients an remarkable as well as entertaining visual symbol of the currency pairs movement over time. clients naturally can open lots of currency trades at the exact time. Various running orders will have their own cartoon raceways. To see all your trades at once, "My Open Trades" page will list them out with the particulars of each trade.

Another game eToro has is called the dollar trend. In this game, clients buy or sell the dollar against a variety of other currencies. Vastly similar to the forex marathon, except the currencies are now represented by coin.

The third game is called the Global Trader. Select your currency pair to trade and a wire signal between the competing countries will show on a arena map. The final type of game offered is named forex match. Trades a represented visually in a tug of war between two currencies. Clients need a $50 deposit for a live trading account and the games can be accessed by signing up for their free forex demo account.

To summarize, eToro is one of the few forex brokers that offer such a unique feel with their platforms. I believe it is the first time any forex broker has attempted such a feat. With the number of clients on eToro, it has no doubt paid off generously. - 23159

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