eToro is probably the best trading platform for those who wish to trade while having fun. Having fun is the main strength and it’s very useful for beginners who want to learn and overcome the first difficulty of the Forex.
The developers have designed the platform not like any other platform, but in a fun and dynamic way. Surely, this is a platform that won’t make the regular traders crazy, but you can’t say that it’s not fun. Also very interesting is the community section, where you can talk with other traders and compete with them in a sort of ranking table that rewards, even with money, which is the best.
The platform has five main areas:
- Globe investor;
-Forex trend;
-Forex Marathon;
- Forex Charts;
- Box for exchange.
In the first area we can see the map and compare one currency against another. The map encourages the traders to prefer one currency of a state over another, based on the condition of that state’s economy and on financial reports.
The second area, the trend of Forex, allows us to choose a major currency and compare its trend with up to a maximum of four other currencies simultaneously.
The third area, Forex marathon, is perhaps the most fun. With the button at the bottom right just choose the currency you wish to buy or sell and start the exchange. At this point, while loading, drawn characters start a marathon on an athletic track, while on the bottom of the screen you will be able to see your earnings or losses. At anytime we can close a particular comparison with another currency, or all together at once. The funniest character is undoubtedly the sumo wrestler who plays the role of the Japanese Yen.
The fourth area is the one of the Forex charts, the most classic of the areas, showing us the charts of the currencies.
The last area incorporates the typical trading tables, with the ability to see the exchange rates of currencies and open trade in currency pairs.
Very interesting is the Championship section, where all traders can compete and win cash prizes. Traders can also chat with each other in a chat room.
In regards to the deposit amounts: the minimum is $50, while the maximum per transaction is $1,000 and $5,000 dollars as monthly limit.
In conclusion, eToro is undoubtedly a trading platform completely different to the traditional ones and because of its user-friendly mode, it allows to approach the world of Forex in a fun way. It will be no surprise if someone decides to approach the Forex industry exclusively for the look of this platform.
