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If you are looking for a simple to use social trading platform, eToro has one of the most user friendly platforms available. The eToro OpenBook trading platform is the leading social trading platform for copy trading, with a trading community of over 4,000,000 users. With their patented CopyTrader system you can easily find and start trading by automatically copying the entire portfolio of other expert traders on the platform.
With eToro you can trade a wide range of financial instruments from forex, metals, commodities, stocks and indices via CFDs. They accept a wide range of deposit and withdrawal methods from Bank wire, credit/debit card, Paypal, Neteller, Skrill, 1-pay, Webmoney and Giropay. They offer no commission trading and accept deposits from as low as $50. They have a super simple sign up process with the ability to quickly sign up with your Facebook or Google plus account.
eToro disrupted the online trading industry with their innovative social trading platform and they are one of the most popular choices for individuals looking for a copy trading platform.
Forex, CFDs, Spread betting, Copy Trading
Forex, Metals, Commodities, Indices, Stocks, ETFs
Iran, North Korea
eToro WebTrader, eToro OpenBook, Mobile Trader
The platform of choice for indivuals looking for a simple 4 step trading system - sign up, find a top trader, copy their trades, monitor and manage the trades made by the traders you have copied. eToro offer great fixed spreads and some top risk management strategies including guaranteed stop losses, limit orders and limiting single trade amounts to 20% of your equity balance.
Inline with their focus on creating a trading platform suitable for the masses, eToro has a super user friendly platform that combine one click trades, price alerts, automated trading and Islamic friendly accounts to suit a variety of individuals.
Although eToro offers some great advantages over traditional online trading platforms, they do not offer some of the advanced features that expert traders maybe looking for in a platform. For example they do not offer DMA, STP, ECN or VPS services.
They do not offer expert advisor integration, although this is counter balanced with the ability to auto trade by copying an expert trader. They do charge a $5 inactivity if you do not place a trade within 12 months and they do charge for withdrawals and non USD deposits which could be a deterrent to some.