[QUOTE=“Chuck Bass;526418”]Started a new thread about eToro before i found this one. So just gonna post it here instead.
Ok here’s the thing… I did the babypip-school like 3 months ago. After that, I traded on FXCM with a demo account for 1 month. After that, I was ready to start small… and long story short, I found eToro. It was an easy registration, looked good, liked the “facebook-like” system they had, the copy function and more. I started trading there, and have done so for around 2 months now. My experience have been ok. Nothing wrong at all.
Now, my buddy is getting into trading and he is in the stage of choosing broker. I told him to check out eToro, and he came back the next day and said that he had seen a lot of bad and really bad reviews online. I’ve looked into it myself, and have found some really bad, but also some good ones too.
Now I’m a bit confused, should I stay with eToro or not? I think their platform is easy to use, the support from other users is good, the community is good, easy to find information about pairs, news and such… but I’m still a bit scared to enter my deposit my full amount of money and start trading “for real”. I need a broker I can trust, and don’t wanna get screwed over!
If you say no to my question about staying with eToro or not, could you please recommend me a Broker that would fit my needs?
I’m not picky, I want a broker based on these things:
-
Needs to have a solution for mobile phones (android). FXCM’s mobile platform app is amazing. eToros is ok, get’s the job done, but FXCM’s is really really good. With a lot of indicatiors, possibility to draw lines and save them for later use and what not.
-
A downloadable trading platform is NOT a must, but i prefer it. MT4 would work.
-
Not to complicated. I’m still pretty new to the whole scene, so I dont need to jump into the big boy league just yet. That’s where eToro was good.
-
No dealer desk
-
Not to high spreads
-
Minimum deposit under $500
-
I live in Sweden. Might not be a deal breaker, but It might make things easier for u guys
That’s all. Thanks in advance[/QUOTE]
I have been with etoro for 1 year, and i Think its a good place to learn trading, but their webtrader is often laggy, and when you have many trades open it Can get almost unusable…
So if you want to trade yourself i would recomend a MT4 broker, personally im using Xemarkets, and really happy with the execution speed, everything just works more smooth than etoro…
But i still keep a little etoro account, because i like the social part, but would never use it as my main account…