eToro - eToro Forex Broker Review Ireland
Etoro has been trying to revolutionize the industry by offering a platform that looks and feels more like a computer game than a straightforward trading platform. As such, their graphical interface offers clients a rather fun way to trade while also giving more experienced traders all the tools they need under "expert mode".
There are four main areas forex trading is done with eToro. The first is called the forex marathon. In the marathon, currencies are represented by cartoon characters racing against each other. Characters include a sumo wrestler (yen) and Uncle Sam (usd).
Should you open a trade on a currency pair, the currencies will each be represented by an appropriate character. This offers clients an interesting and fun visual representation of the currency pairs performance over time.
Clients of course can open many trades at the same time. In this case, each trade will be represented by its own visual representation of two characters racing against each other. To view a summary of all your open trades, "My Open Trades" page will list them out with the details of each trade.
The next game eToro has for its customers is the dollar trend. It involves buying or selling the US Dollar against one or many other currencies. The visual screen is like the forex marathon but instead of characters racing against each other, they are represented by coins instead.
The third game is called the Global Trader. Choose your currency pair to trade and a wire signal between the competing countries will show on a arena map.
And finally, the last mode of trading is called the Forex Match. Trades a represented visually in a tug of war between two currencies.
A minimum of a $50 deposit is required ofr a live trading account and they also allow potential clients to try out their platform through their free forex demo account.
Overall, eToro certainly brings a unique brand to the world of online forex trading with their variety of visual games. I believe it is the first time any forex broker has attempted such a feat. And it is paying off well with more and more people choosing eToro over other brokers simply because they enjoy the visual interface.