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Business : Forex Trading With eToro
Etoro is a regulated forex broker company. As a company it exists in two wings: eToro (Europe) Ltd, which is regulated by the Cyprus Securities & Exchange Commission and eToro (UK) Ltd which is authorised and regulated by the Financial Conduct Authority (FCA). Both companies operate under and comply with the Markets in Financial Instruments Directive (MiFID).
For a better understanding on how eToro operates as a service company, you may opt to learn about it in four phases namely: its trading platform, its social trading platform, as a trading Academy and finally as a customer service.
Below is a look into each of these four phases in detail:
eToro Trading platform:
Etoro provides traders with two trading platforms: the web trader and the Mobile trader. Each of these two trading platforms is comprehensive and very user-friendly hence any trader will find it easy to place trades.
Mobile trader
The mobile trading software comes in two versions, the iOS for Apple users which is freely available online for downloads at iOSApp store while the Android version can be downloaded at Google play store. With a mobile trader all your trades can be monitored and managed on your portable mobile device while on the go. This aspect brings about convenience and consistency in your trading hence allowing you to give the best of yourself in trading without necessarily accessing a laptop or desktop computer.
The web trader
eToro’s web trader is accessible online via the computer browser. It offers all tools needed for trading thus allowing you full control on your trades.
Both the mobile and web trader platforms allow full control on your trades including your pending and open trades, live market rates, a charting software and even access to the open book.
eToro Social trading platform
Forex trading can be difficult and highly risky if a trader doesn’t access information and updates on market trends. As such, eToro offers the Follow System and the Copy system both of which are highly useful to new trades just as well the experienced ones.
Follow system:
The follow system allows traders to actively keep in touch with what other expert traders are doing on the market. One can simply repeat moves of an experienced trader hence saving his/her self from making in-depth market analysis that are sometimes strenuous and time consuming.
The copy system:
With the copy system your account is synchronized with that of an expert trader and immediately all their trade activities are automatically executed on your trader account even in your absence. This way of trading can be highly profitable if you choose the right trader.
Etoro trading academy
Beginners into forex can make use of eToro’s trading academy as they offer more than enough training resources for free. For instance, one can always attend their live online classes also known as webinars. Simply log in to the eToro’s website and find out the next webinar and then you can book your attendance immediately. A confirmation link will be sent to your email inbox and you will only need to click on it to confirm your attendance for the scheduled class.
Additionally, there are online courses and trading tips on eToro website which you can make use of while learning how to trade.
eToro Customer Service
The customer service desk at eToro is highly supportive everyone and is available via the web and telephone lines as well. The support service is open on 24hrs, 5 working days a week basis with exception to pre-mentioned days as per their schedule calendar availed on their website. Generally the eToro customer service desk can be broken down into five departments: the worldwide broker and service center, eToro corporate, Public Relations, Affiliates and Business Development.
eToro is the right option for all professional forex traders as well as new traders in forex. First for all its platform unique features and the tools it provides then its recommendable customer support service. All you need for forex trading is within your provisions from them. Make the right choice!