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eToro Review – Is eToro the Best Australian Forex Online Trading Platform?

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When it comes to forex trading, there are a few things you should know before getting started. First, you need to find a regulated broker. Unregulated brokers are notorious for ripping people off. Second, you need to know what ASIC is doing to curb the risk of fraud and abuse in forex trading. Last year, ASIC lowered the leverage that forex traders can use to make trades. โบรคเกอร์ forex ดีที่สุด
eToro

Unlike many of its competitors, eToro doesn't have a huge library of in-house research. Instead, it relies on crowd-sharing to educate users. Although this makes the platform easy to use, customer service can be slow. In addition, it lacks advanced features, such as market sentiment.

To start using eToro, new users must register and deposit $200. They can also use debit and credit cards to fund their accounts. Unlike most online trading platforms, eToro charges $10 per month for inactive accounts. However, if you log in regularly, you can avoid this charge. Another positive aspect of eToro is its broad range of trading instruments and strategies.

One currency pair that has the highest liquidity is the EUR/USD. This currency pair has the smallest difference between bid and ask prices. For this reason, eToro quotes this currency pair with a spread of just 1.0 pips. This means that the actual spread is actually set by the market, and not the eToro website.

Another benefit of using eToro is that its functions in Australia. Using it, Australian investors can buy cryptocurrency as actual tokens, as well as trade CFD derivatives based on their prices. In addition to the major currencies, eToro supports over 110 cryptos, including Bitcoin, Ethereum, Bitcoin, and Ethereum.

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