Finding the right broker is not a simple job to do. There are quite many factors to be considered while making the final choice, so it may confuse you. Today, the Forex trading market is represented by the whole plethora of brokerage companies, each of which offers a wide range of features and services. Before you get down to a trading routine, have a look at some of the most reliable online brokers. In this Trader’sWay and eToro brief review, you will get some basic comparison of two Forex Brokers that are popular representatives in the Forex market.
Table of Contents
Trader’sWay
Trader’sWay is a Forex broker that offers online traders with the unique chance to buy and sell multiple foreign currencies, commodities, and metals. Its features are based on the intermediary’s function to guarantee certain securities to traders and investors.
Trader’sWay has been owned and regulated by TW Corp since 2010. Their initial goal was to provide traders with extensive options for trading operations. These include more than ten currency pairs, metals, energies, commodities, and indices for trades. To provide its users with an effective trading routine, it has several well-known trading platforms such as MetaTrader4, MT Mobile, and cTrader.
Trader’s Way has a transparent pricing policy with narrow spreads for different accounts, multiple technical options, attractive liquidity, low service fees, high margin, and leverage forex trading conditions for different accounts. Also, it offers timely delivery of analytical trading mechanisms and efficient management of shared data.
Pros:
- Several account types offering different user’s experience;
- Various Forex trading platforms;
- Leverage ratio available at a ratio of 1:1000;
- No minimum deposit required for cooperation;
- Responsive customer support operating 24/7.
eToro
eToro is an online broker with the main focus on social and copy trading. Cooperating with more than 10,000,000 traders worldwide, the platform provides them with the efficient trading services in the cryptocurrency space. The core benefit of this proprietary resource is marked with high simplicity of a copy trading routine. This makes it possible for retail account users to guide the trades and trading approaches of the most progressive customers. Unlike many online brokers, eToro tends to be integrated with social media resources. Considering the lack of educational materials, eToro can hardly be recommended to beginners. At the same time, experienced traders will definitely enjoy the cooperation with this broker.
Pros:
- Professional customer support that can be reached via email, phone, and live chart;
- Multi-lingual trading system for traders around the world;
- Adequate educational resources such as trainings and webinars for beginners and professionals.
The Bottom Line
Forex trading is an excellent way to try your trading skills without leaving the comfort of your home. The market is currently represented by excellent brokers, although there are some less reliable companies you should be careful with. So, if you don’t want to lose your money in a second, you should conduct thorough research and analysis before choosing the broker for long-term use. Also, you should read the testimonials and reviews left by other customers on the independent resources.
Trader’sWay and eToro are two Forex Brokers that are considered to be excellent options for trading operations.
The range of services is pretty similar between the two Forex Brokers. However, Trader’sWay is more suitable for beginners, while eToto has a better range of cryptocurrencies to be used for trading.
