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PlatformsIs the Yokohama Trading Platform in South Africa Legit? (+ Best Alternatives)With the rise in popularity of online trading, more and more online platforms have arisen, and, unfortunately, many scam platforms have appeared as well. Namely, many question the reliability and safety of the Yokohama trading platform since it has advertised itself as a top trading platform for beginners in South Africa. In this Yokohama trading investment review, we will cover the reliability of this platform and whether or not it is a reliable place for forex trading. Continue reading to learn more. Yokohama Trading Platform Review Fees Reliable platforms do their best at offering the lowest possible fees, ensuring that every trader gets a satisfying experience when opening a position on the market. Unfortunately, with Yokohama trading, this isn't the case. Even though we couldn't find the exact fees the platform charges per transaction, there are a lot of online reviews shaming the platform's hidden costs. In simpler terms, this means that you'll get promised to retain more money with every transaction until, later on, you'll find that a significant part of your budget has been cut by hidden fees. Services NBR Trading Yokohama offers financial services for retail investors in South Africa. At first sight, the NBR Yokohama trading platform will look like a relatively solid brokerage to invest your money in, as you'll receive tons of options for CFD trading on stocks & shares all over the world. This platform offers trading bitcoin, and other cryptos, though we would strongly advise against registering for trading here. Should You Use The Yokohama Trading Platform? No, you shouldn't use the Yokohama Trading platform. There have been thousands of online reviews against them, putting them on a fake forex brokers list you should avoid. The truth is that you shouldn't waste your time with such a platform, as there have been many traders who have already been scammed for thousands of dollars. Namely, this trading platform hides the lack of its authenticity behind the name Yokohama, which is a reliable tire company based in Tokyo, Japan. On the other hand, the Yokohama trading platform holds the name of this reputable organization but is a fraudulent brokerage with offices in South Africa. The platform doesn't hold any relevant licenses from respectable licensing bodies, nor is it regulated under the law of any government. This means that you should avoid the Yokohama trading platform and stick to the best forex brokers in South Africa. Alternatives to the Yokohama Trading Platform There are thousands of forex trading & CFD brokerage alternatives you can go for other than the Yokohama Trading platform, so there really is no excuse for risking your money there. If you're not sure where to start, we would recommend checking out some of our top South African forex brokers and seeing which one of them appeals to you. A note we would like to make is that there are a lot of criteria you should go over before registering at a broker. For starters, a reputable broker will do its best to offer trading education resources, and other many services you might find useful, like forex trading and trading bitcoin. We also suggest that you consider going with a brokerage that offers an app download, so you can easily see your portfolio and manage your trades from your smartphone on the go.
PlatformsSolved—The Answers to Plus500’s Trading Knowledge AssessmentFor traders searching for a new trading platform that offers a broad array of assets, perhaps Plus500 has been on your radar for a while. But what about regulations? This is a common concern for investors who stray from the big banks and well-known investment arenas. Well, for Plus500, you do not need to be too concerned since it is a highly regulated global fintech and trading services firm. Since its launch in 2008, the company has gathered authorization and regulatory oversight by a wide range of organizations and institutions: Cyprus Securities and Exchange Commission (CySEC)Australian Securities and Investments Commission (ASIC)Israel Securities Authority (ISA)Seychelles Financial Services Authority (FSA) Monetary Authority of Singapore (MAS) Remember, if you are in a European country, most nations in the region will fall under CySEC regulation. Knowledge Questions—Plus500CY regulation 1. When you make a deposit of AU$1,000 and the instrument leverage is 1:100, what is the maximum leveraged amount you can trade with? AU$200AU$30,000AU$100,000 - correct answer Why? Because you put down $1,000 and the leverage ratio is 1:100, you can only trade with $100,000. 2. You have set a stop loss on your position. If the market moves rapidly and gaps through the price you have set, what will happen? If your share price gaps lower and starts the trading session at $25, your stop-loss order will be converted into a market order. Your position will then be closed at the next available price, which is applied even if the security is trading way below your stop-loss level. Knowledge Questions—Plus500AU regulation Important now: your answers to the following questions will determine your eligibility to trade with Plus500. 1. In order to avoid account balance falling below minimum margin requirements, who is responsible for adding funds to your account? Plus500I am responsible - correct answerMy bank Why? Although your trading platform might trigger a margin call, it is ultimately your responsibility to add money to your account when the balance slides below the minimum margin amount. 2. Where there is unexpected news in the market, it will be more likely the market will Become more volatile - correct answerRemain unchangedShut down Why? If there is one thing that financial markets do not like, it is uncertainty, be it a geopolitical fallout or a central bank instituting a policy out of left field. 3. What is a spread? The difference between the bid price and ask price - correct answerWhen a company publishes its yearly reports Holding positions for long time periods Why? Whether you are trading stocks or forex, the spread is the difference between the two prices (bid and ask). The ask price will exceed the bid price for an asset in the market. 4. You have set a ‘Guaranteed Stop’ on your position with a guaranteed stop level. What will happen if the market gaps through the price you have set? My position is guaranteed to be closed at my guaranteed stop level - correct answerA stop loss cannot close my positionMy position is not guaranteed to be closed at my guaranteed stop loss Why? Like a stop-loss, a guaranteed stop is a kind of stop-loss that makes sure your position is always closed at your pre-selected price. 5. When you buy a share CFDs (Contract for Difference) You are entitled to the difference between the open rate and close rate but you do not own the underlying asset - correct answerYou own stocks directly in you name exactly as if you purchase shares from a stock brokerYou have the same voting rights as a regular share holder Why? With Contracts for Difference (CFD) trading, you are trading based on the movement of the price. You will not take delivery of the asset you are buying and selling on the open market. 6. If you take a short CFD position You expect the price of instrument to fall - correct answerYou expect the price of instrument to riseYou always have less risk than a long position Why? A common strategy in the financial markets is by speculating that the price of a security, be it stocks or commodities, will fall. This is known as short-selling, or shorting. 7. The higher the leverage: The size of transaction I will be able to be open will be larger - correct answerPrice changes have a greater impact on profit lossSmaller fluctuations may cause faster automatic closing of the transactionAll answers are correct Why? Leverage trading is a popular speculative investment tool since you can initiate greater positions than the capital you have deposited when you open an account on Plus500. In fact, you only need to invest a small percentage of your position with a sizable leverage ratio. Trade Today! Now that you have improved your investment knowledge with Plus500 questions, you can begin your investment journey today, whether it is adopting CFD gold trading or traditional index investing. As long as you take a slow-and-steady approach as you familiarize yourself with Wall Street or London, you can enjoy the fruits of the stock market.
PlatformseToro vs Coinbase: Compare Products, Features, Fees, & MoreDo you want to buy, sell, and trade cryptocurrencies? As you have done your research, you may have come across a long list of platforms, including two powerhouse outlets: eToro and Coinbase. But which website should you sign up for anyway: eToro or Coinbase? Or, if you are on eToro, and you want to switch to Coinbase, how can you transfer crypto from eToro to Coinbase? If you peruse a Coinbase review, you may think this is the premier platform. On the other hand, when you read about eToro crypto fees, you might believe this is the top entity. So, which is the best? Let's compare. What Products Does eToro Offer? The eToro trading platform offers stocks, exchange-traded funds (ETFs), cryptocurrency, commodities, and indices. At first glance, you will notice that eToro has different packages for its users, including the eToro silver tier and eToro platinum tier packages which offer different features and options. eToro offers leading stocks from top global exchanges. It has more than 2,500 stocks in technology, consumer goods, services, financial, healthcare, and basic materials. What Products Does Coinbase Offer? Coinbase offers its clients a long list of cryptocurrencies, including the premier virtual tokens, like Bitcoin, Litecoin, Ethereum, and Bitcoin Cash. The trading platform also provides an extensive list of altcoins and meme coins. eToro vs. Coinbase Fees Comparison It is true that eToro has a commission-based fee system which is based on a 0.09% spread per side. Any withdrawal transactions on eToro are charged at $5. If the transaction currency is not priced in U.S. dollars, eToro will also charge the user any conversion fees incurred. Coinbase charges higher fees than other cryptocurrency exchanges. Fees can range from 0.5% to 4.5%, depending on the type of transaction. Other fees may also apply. Moreover, eToro has a minimum deposit requirement of $200, but there is no deposit fee on this platform. There is no withdrawal limit on eToro. Users must make an initial deposit of at least $50 to verify their account with Coinbase. On Coinbase, the payment method options consist of your bank account, debit card, wire transfer, PayPal, and Apple Pay. On eToro, you generally have three selections: debit card, online banking, and wire transfer. eToro vs. Coinbase Feature Comparison So, what do eToro and Coinbase have to offer their users? Let's find out! Auto Trading Both eToro and Coinbase offer the auto-trading feature. Coinbase offers an automated trading robot on Coinbase Pro for trading bitcoins. Trading Signals When it comes to gathering the laundry list of indicators, eToro allows users to receive daily trading signals by activating that feature on their profile and adding stocks/products of interest on their watch list. Similarly, Coinbase Pro allows users to benefit from trading signals through Coinbase Pro charts. Users can analyze market indicators and compare the average prices of Bitcoin across other major cryptocurrency exchanges. Social and Copy Trading The userbase on eToro is broad, vast, and diverse. This makes it a leading social trading network with many social trading features. Copy trading is also an option available to eToro traders, and users can take advantage of the expertise of real traders and copy their trading automatically. Members of the eToro community are rewarded if their trading activities are copied, thus further encouraging users to share each other’s experiences and successes. Coinbase also allows users to copy top cryptocurrency traders by providing them anonymized data of the top 10% of users. Leverage For retail clients, eToro allows investors to leverage stock trades by up to x5. But the eToro Professional Client account allows for higher leverage, but you need to meet certain criteria. Coinbase does provide its traders to leverage their positions. However, this will only apply to professional traders who meet specific standards. eToro vs. Coinbase Customer Support Comparison Many reviews and ratings agree with one thing: eToro has a good customer support system, and users generally receive prompt support for any of their platform-related issues and queries. Users can either contact the eToro customer support team through telephone, email, or live chat. According to many different reviews, Coinbase customer support is not as prompt as eToro. Users can submit their requests via their user account and have to provide details regarding their issues. But overall, the response time is not as good as eToro. Is Coinbase safe? What about eToro? They employ top-notch security protocols, but if you have technical difficulties, such as choosing to transfer Coinbase to eToro, you can get in touch with the terrific customer support service. eToro vs. Coinbase Mobile App Comparison eToro has an extremely user-friendly app that is easy to navigate and understand. The eToro mobile app is available on Google Play and the Apple App Store. Coinbase also has a user-friendly mobile app that is available on the Google Play Store and Apple Store. It is easy to navigate. Conclusion: Is eToro or Coinbase Better? While both eToro and Coinbase are good trading platforms, eToro has been in the market for a longer period of time, and there are more users across eToro supported countries. It also offers more features and has a better reputation overall, while Coinbase is limited to cryptocurrencies. But Coinbase is far more mainstream than eToro, trading on the New York Stock Exchange, although there have been rumblings of a SPAC taking eToro public. In the end, when evaluating eToro or Coinbase, industry observers purport that it may be more sensible to opt for eToro and take profit that way.
PlatformsWebull vs. eToro: Compare Products, Features, Fees, & MoreAre you looking to start making money in the financial markets or upgrade your trading platform? Read on. You may be wondering if Webull is legit and safe? What about eToro? If you are worried about rules and regulations, it should be noted that both are regulated. Webull is a registered broker deal with the Securities and Exchange Commission (SEC) and a member of the Securities Investor Protection Corporation (SIPC) and the Financial Industry Regulatory Authority (FINRA). eToro is regulated by both Cyprus Securities and Exchange Commission (CySec) and the Financial Conduct Authority (FCA) in the United Kingdom. What Products Does eToro Offer? The eToro trading platform offers a variety of leading stocks from some of the top exchanges in the world. eToro offers more than 2,500 stocks in a diverse array of industries, including consumer goods, financial, health care, and technology. And, yes, for the risky trader, there is always the eToro leverage to take advantage of. What Products Does Webull Offer? Webull also offers a wide variety of stocks, exchange-traded funds (ETFs), options, and cryptocurrencies. If you are wondering if you can trade futures on Webull, we are sorry to disappoint you: There are no Webull futures options at this time! However, you can buy fractional shares with as little as $5 and invest in foreign companies (American depositary receipt) for the purpose of greater diversification. eToro vs. Webull Fees Comparison Account Fees Webull has no fees or commissions on stocks or ETFs. Users have to pay the spread and Securities and Exchange Commission (SEC) transaction costs only. This platform has no withdrawal fee if you use ACH. Meanwhile, eToro maintains a commission fee of 0.09% spread per side. All withdrawal requests on eToro have a $5 fee, in addition to any conversion fees for currencies other than the U.S. dollar. Minimum Deposit & Trade Amounts The minimum deposit with eToro is $200. You can use both credit and debit cards to make a deposit. There is no deposit fee. However, users can have only one account currency. With Webull, there is no minimum account balance, and the Webull instant deposit can make things faster and easier for you. But customers who wish to short stocks need to open a margin account. This requires a minimum deposit of $2,000. eToro vs. Webull Feature Comparison Auto Trading Automated trading systems seek to open and close trades when given market conditions exist. Both eToro and Webull offer auto trading. Trading Signals eToro offers signals to users. Those interested in daily signals from top eToro traders can simply select that feature and add it to their watch list. This way, they can get real-time signals of every update on their accounts through the eToro app, which is available for both Android and iOS. Social Trading & Copy Trading Indeed, eToro is a leading social trading network. It has millions of users across 140 countries and offers many novel social trading features. eToro allows copy trading, which enables users to view what real traders are doing in real-time and copy their trading automatically. This can be useful for beginners who are still learning the basics of trading as they can leverage other traders’ abilities and copy top-performing trades. eToro also has the Popular Investor program that allows successful traders to share their wisdom with other eToro users. Successful members of the eToro community are celebrated for being copied. Webull also lets clients automate their trades via copy trading. Users can follow profitable traders and open and close trades automatically. eToro vs. Webull Customer Support Comparison eToro possesses excellent customer support with a speedy response to user issues. Customers can get in touch with eToro’s customer service support through live chat. Similarly, Webull also offers 24/7 customer assistance. Users can contact Webull through their phone or email. However, the speed of response with eToro is much faster compared to Webull. What Are the Countries Webull and eToro Support? On Webull, only the United States, Brazil, India, Malaysia, Japan, China, Korea, the Philippines, and Turkey are available. On eToro, 140 nations are supported. eToro vs. Webull Mobile App Comparison eToro App Yes, it is true, eToro provides its clients with a user-friendly mobile app with access to trading markets and communities 24/7. eToro’s app also has good search functions, but it does not offer biometric authentication. The app covers 25 languages, including English, Spanish, Italian, German, Russian, Chinese, French, and Arabic, to name a few. Webull App On the other hand, Webull maintains an easy-to-use trading app that allows users to trade and use technical analysis tools. Navigation is straightforward, and the mobile app closely resembles the desktop and web versions of the platform. Both eToro and Webull offer apps for both Android and iOS. Is eToro or Webull Better? Overall, both eToro and Webull are excellent trading platforms for both beginner and seasoned investors. Each eToro review and Webull review will tell you the same thing. eToro is a multi-asset platform, and Webull offers leading online stocks. Webull has low fees and no minimum deposits, while eToro has greater fees but more features. Webull only offers payments through wire transfer, but eToro offers several payment methods, including Apple Pay, wire transfer, Visa, and UnionPay. It all depends on what you need, what your priorities are, and what you want from participating in financial markets - besides making lots of money, of course!
PlatformseToro vs Binance: Compare Products, Features, Fees, & MoreeToro is a multi-asset investment platform that allows you to trade and invest in CFDs of stocks, equities, and cryptos. On the other hand, Binance is one of the most popular online crypto exchanges, so both of these investment platforms have a lot going for them. It's worth mentioning that both are safe, as eToro is authorized and regulated by the Financial Conduct Authority (FCA), operating under the Markets in Financial Instruments Directive (MiFID). Just like eToro, Binance complies with the UK's Financial Conduct Authority (FCA) requirements but is less regulated since it's a crypto exchange. Continue reading our eToro Binance comparison if you'd like to learn more about these investment platforms. What Products Does eToro Offer? eToro offers a wide range of products, including CFDs of stocks, commodities, cryptos, indices, and currency pairs. What Products Does Binance Offer? Unlike eToro, Binance does not offer as wide of a range of products - instead, it specializes in being a crypto-only trading platform with hundreds of options to invest in virtual currency. In addition to having popular cryptos like BTC, ETH, DOGE, and BNB, Binance features many altcoins and is often the first to feature the market's newcomers. eToro vs. Binance Fees Comparison Accounting Fees Although eToro charges no fees for buying and selling stock CFDs, there are fixed eToro crypto fees set at 0.5%. On the other hand, Binance charges no fees whatsoever for making a crypto transaction, except for the network fee. Still, you can find a way to circumvent these fees, as Binance allows direct bank transfers and P2P transactions. Minimum Deposit & Withdrawals Getting into further detail regarding banking, it's worth noting that eToro has a minimum deposit ranging from $50 to $10,000, depending on the country you're residing in. We were also delighted to see that there's no withdrawal limit on eToro, but all bank transfer deposits must be at least $500. On the other hand, Binance's minimum deposit and withdrawal are both set at 10$, and there's no minimum for making transfers between your wallets. Payment Methods and Available Currencies eToro Regarding payment methods, eToro accepts Credit/Debit cards like Visa and MasterCard, along with online payment methods like Paypal, Skrill, and Neteller. You could also use a bank transfer as we've said previously, though you would have to deposit at least $500. On the eToro website, the accepted currencies are USD, EUR, and AUD. Binance On the other hand, Binance accepts many coins and makes it incredibly simple to buy crypto with both fiat and crypto. For fiat cash, you could USD, EUR, AUD, INR, RUB, CNY, and others. However, when purchasing crypto with your wallet you must first convert your fiat cash to a stablecoin, like BUSD, USDT, or USDC. You can also transfer your crypto coins from Binance to eToro, as long as you have created 2 wallets for the coin you're transacting. eToro vs. Binance Features Comparison Social & Auto Trading As a CFD broker, eToro is widely renowned as the pioneer of social trading. After finishing your registration process, you can instantly start copy-trading top performers on any products, whether it's crypto, stocks, or equities. On the other hand, Binance does not provide auto trading services, but it does offer different staking options with a fixed annual return. Trading Signals Additionally, eToro also offers trading signals backed up with a detailed technical analysis. Whereas Binance does not provide any trading signals at the moment. Leverage If you're not interested in long-term investing, but instead, you'd like to day trade, you can do so with a minimum 2x leverage at eToro. The precise numbers on eToro leverage are the following: 30:1 for major currency pairs, like EUR/USD and USD/JPY,20:1 for minor currency pairs, gold and major indices, 10:1 for commodities other than gold and non-major equity indices, 5:1 for individual equities2:1 for cryptos Regarding leverage, Binance is clearly a winner. The crypto exchange features a leverage-adjustment system of at least 1x up to 125x, depending on the coin of your choice. eToro vs. Binance Customer Support Comparison Binance Binance offers great customer support for its users, having live chat support with incredibly quick answers. You could also consider checking out the extensive Binance help center if you're dealing with a specific issue that has happened before. eToro In comparison to Binance, we think that eToro's customer service is lacking. The fastest way you can receive help is through opening a ticket in the help center, but you could wait a long time for a reply. eToro vs. Binance Mobile App Comparison eToro eToro has a simple and easy-to-use mobile app for both Android and iOS devices. With it, you can access almost all desktop features, and even transfer crypto from eToro to Binance. Binance Equally, Binance has an excellent app for iOS and Android devices, allowing you to easily control, manage, and trade at any time. You can easily transfer money from Binance to eToro with the help of both apps. Is eToro or Binance Better? It would be quite difficult to choose a clear-cut winner when comparing Binance vs. eToro, as they're simply meant for different markets. In terms of overall trading products, eToro is in the lead, having stocks, equities, REITs, ETFs, and more. Binance, on the other hand, is limited to cryptos only. Your choice depends on what you're interested in trading. Do you want to have a diversified portfolio with stocks, ETFs, and cryptos? Go with eToro. If you're eager in investing in the crypto market, then there's no better choice than Binance.
PlatformsTradingView: Real-Time Data, Best Brokers, Alternatives and MoreBeing one of the most extensive charting platforms for traders, TradingView is an excellent market analysis tool currently available with many unique features. On the TradingView website, you'll have access to many useful instruments, like pre-loaded scripts and detailed formulas. You could even create your own strategy with the tools you have at your disposal. Continue reading if you'd like to learn more about it. Is TradingView Trustworthy? Yes, TradingView is a trusted online stock analysis tool suitable for both novices and experienced traders. The trading platform has many charting tools you could use for research and allows its users to communicate and cooperate with each other. Is TradingView Safe and Reliable? TradingView is a safe and reliable charting and social networking tool. After finishing your registration process, a free account will provide access to basic graphing, research, and analytical information. However, since just a few brokerages are currently linked to TradingView, most trades must be executed outside of the platform. Can You Trade On Tradingview? Yes, you can trade on TradingView, but only through your broker. Before you sign up for an account, TradingView provides various market data right on the homepage. A ticker for the EUR/USD, BTC/USD, and ETH/USD currency pairs, as well as the Dow, Nasdaq, and S&P 500, are all located in your view. You could either trade these assets directly or simply use the information you have to trade them at your broker. How To Trade Directly on TradingView TradingView primarily works with brokers to execute trades. Still, you can buy and sell on TradingView with its Paper Trading simulator, where trades are simulated on their servers, and no broker account is required. However, we recommend sticking to a broker and using a platform similar to TradingView for your analysis. Best Browser for TradingView TradingView works on most modern browsers. Just make sure you have your software updated to the latest version, and you'll have no problem using it. Consider using the following browsers: ChromeFirefoxSafariInternet Explorer 11Microsoft Edge How Much Does It Cost to Trade On Tradingview? The pricing plan at TradingView is simple. Although TradingView Basic is free, the Pro-Versions range from $14.95 to $29.95 per month. Traders who want to screen even more markets can pay up to $60 per month for TradingView Premium. Keep in mind that a 16% discount is available on a yearly subscription. Of course, the free edition is a great place to start at. Then, the monthly membership is the most cost-effective option once you've decided that TradingView is the right choice for you. You'll be more versatile this way, even if you need extra features which come with the higher-priced plans. What Brokers Work with TradingView? In the following list, you can find the best broker for TradingView that's also suited for your needs: TradeStationFOREXcomFXCMAlpacaeToro Trading ViewAMPEZMarkets If none of the mentioned brokers are available in your country, consider contacting TradingView customer support or check for more details on their website. Best TradingView Alternatives MetaTrader MetaTrader 4 and 5 are the most widely used trading platforms, allowing you to trade Forex, stocks, futures, and cryptos. It provides enhanced technical and fundamental price analysis tools, automated trading systems (trading robots), and copy-trading (trading signals). TradingView vs. Investing TradingView is great for charting, but Investing.com is a website primarily used for predicting the market and spotting prices before the market opens. Still, TradingView is a far superior tool when compared to Investing, simply because it has better tools. TradingView vs.Stockcharts Stockcharts is a convenient tool you can use to track and predict the market, but it doesn't come near the same level as TradingView. In addition to being lackluster in features, charting and tracking the market is more difficult than at TradingView. Alternatives of TradingView for Crypto Good Crypto Good Crypto allows you to trade on more than 30 of the world's top cryptocurrency exchanges either through the website or app. In addition to basic charting formulas, you can use advanced trading tools like complex order types, portfolio tracking, intelligent alerts, and trade automation. Although Good Crypto is good, it's not one of the best apps like TradingView. Protrader Protrader is an excellent crypto trading and analysis platform used mostly by experienced traders. The trading platform offers a diverse set of tools you can use, but many regard it as not being beginner-friendly. Is TradingView Worth It? If charting and technical analysis are what you are looking for, then TradingView is definitely worth it. Although TradingView is one of the best low-cost web charting platforms, there are other alternatives primarily designed for experienced traders, like ProTrader and MT4.
PlatformseToro vs. AvaTrade: Compare Products, Features, Fees, & MoreWith the stock market being more accessible than ever, many discussions arise for the best forex broker and investment platform overall. In our AvaTrade and eToro review below, you'll get the chance to learn all there is about these brokers. Founded in 2006, eToro Ltd is a Europe-based broker regulated by the Cyprus Securities and Exchange Commission (CySEC), with a cross-border license from the CySEC. This trading platform offers its services in the member states of Europe and outside. Similarly, AvaTrade is a legit and regulated broker, holding a license from multiple authorities worldwide. Many traders question themselves "Is AvaTrade safe and legit?". Yes, the broker has received approval from many licensing bodies, including the Central Bank of Ireland, the Australian Securities and Investments Commission (ASIC), and the Financial Services Commission of South Africa (FSCA). Continue reading our eToro and AvaTrade review to learn more. What Products Does eToro Offer? eToro has an incredibly vast range of investment assets. These include CFDs of: Fiat currency pairs (forex).Commodities.Indices.Stocks.Cryptocurrencies. What Products Does AvaTrade Offer? Just like eToro, AvaTrade also has a vast range of products, but AvaTrade's is slightly bigger. In fact, you can access over 1300 CFD instruments of the following assets and more: Forex pairsIndicesStocksBondsETFsAvaTrade Bitcoin Trading eToro vs. AvaTrade Fees Comparison How Does Avatrade's Fees Work? While most transactions at AvaTrade are free, including both deposits and withdrawals, the broker charges a $50 quarterly inactivity fee after three months. The AvaTrade minimum deposit is set at $100, and the minimum withdrawal ranges from $10 to $400, depending on the payment method of your choice. Most AvaTrade problems usually arise when it comes to withdrawals, as they can occasionally be slow. How Does eToro's Fees Work? On the other hand, eToro's minimum deposit is set at $30, while all bank transfer deposits must be at least $500. For a corporate account first-time deposit, you will require a minimum of $10,000 to register. Unlike AvaTrade, eToro charges additional fees for withdrawals, though they're low, set at $5. eToro also has a $10 monthly inactivity fee, which is slightly lower than AvaTrade's. Payment Methods eToro Payments Regarding payment methods, eToro accepts credit/debit cards, PayPal, and e-wallets like Skrill and Neteller as payment options. The accepted currencies at eToro are the USD, EUR, and AUD, as the broker does not accept cryptos. Avatrade Payments On the other hand, AvaTrade accepts Bitcoin, credit/debit cards, WebMoney, PayPal, and wire transfers. You can also deposit using e-wallet solutions, like Boleto, Neteller, and Skrill. eToro vs. AvaTrade Feature Comparison Although the two are nearly equal in features, we think eToro is still the winner, since AvaTrade is slightly lacking with its trading features and tools. eToro's Features Investment Assets: As a broker, eToro provides a complex platform that provides CFDs of cryptos, stocks, and indices for traders coming from non-restricted countries. Technical Analysis & Market Research Tool: There's also a convenient tool suited for experienced traders, called the eToro ProCharts, which is highly useful for technical analysis and market research of the eToro stock list. Copy-Trading Friendly: Of course, the major attraction of eToro as a broker is the copy-trading mechanic. It allows its users to passively mimic all the buy and sell orders of successful investors. The system behind the eToro trading platform also offers peer-to-peer communication with a messaging tool, a media feed, and other add-ons. To become eligible for eToro's copy-trading feature, you have to invest at least $200 in your eToro wallet. Avatrade's Features Automated Copy Trading: It's also worth noting that AvaTrade offers copy-trading, as you can automatically copy top-performing traders using third-party signal providers like ZuluTrade and DupliTrade. Still, AvaTrade's copy trading is not nearly on the same level as eToro's, since the selection of signal providers is significantly lower. Features MT4: One major flaw of eToro is that it doesn't feature trading through MetaTrader 4. On the other hand, AvaTrade MT4 is featured for both mobile devices and PCs. Leverage: Diving into further detail, some users are disappointed by eToro's leverage, as its highest is 2:1 for cryptos, 5:1 for equities, 10:1 for commodities, 20:1 for minors, and 30:1 for the major currencies. The maximum available AvaTrade leverage is 400 to 1. However, if your account is held within the European Union, this ratio is reduced to a maximum of 30:1. eToro vs. AvaTrade Customer Support Comparison Avatrade's Customer Support AvaTrade is the clear winner when it comes to customer service. In addition to offering support through a web form, AvaTrade's customer service team can be contacted at over 50 phone numbers worldwide, and there have been no AvaTrade complaints about the staff. The support team behind AvaTrade works 24/5 during trading hours but is available 24/7 when it comes to cryptos. eToro's Customer Support On the other hand, eToro offers support via email and telephone. You could also consider opening a ticket at eToro's help center, though you would have to wait for a reply from the staff. So, is AvaTrade better than eToro? In the customer support - yes, but not quite not in the other sections. eToro vs. AvaTrade Mobile App Comparison AvaTradeGO Mobile App AvaTrade has the AvaTradeGO mobile app, offering access to most of MT4's sophisticated tools and features. With the app, you can do almost everything as if you were on the website, including registration, transactions, and social trading. eToro Mobile App eToro's mobile app also deserves praise, as it's incredibly user-friendly and a great way to carry your portfolio in your pocket. Just like with AvaTrade's app, all features available on PC are implemented here too. Is eToro or AvaTrade Better? While it's difficult to choose a clear-cut winner, we think that eToro is the better choice for beginner and intermediate investors. The entire social-trading mechanic is simply too much to miss out on if you're just starting out, so we would recommend getting the most out of it before diving deep into the market. AvaTrade is also an excellent choice, though the broker is better for experienced traders and investors.
PlatformseToro Platinum Tier: The Benefits and RequirementseToro is a UK-based company established in 2007. It has more than 17 million registered users worldwide and is a forex exchange platform that also offers tools for crypto trading. Customers can also trade contracts for differences (CFDs), stocks, indices, and commodities. The platform allows investors to make day trade as well as long-term investments. To use eToro, one first has to register and be verified as an authentic user. eToro users can also join the eToro Club, a loyalty program that offers a broad range of tools and services to improve the trading experience with various membership tiers: Gold, Silver, Platinum, Platinum+, and Diamond. The higher the level of the eToro loyalty program, the more benefits the investor gets, including low-interest rates on a credit line, exemption from withdrawal fees, educated investment options, and a dedicated accounts manager, just to name a few. Are you interested in attaining Platinum status? Let's get acquainted with the eToro platinum tier. eToro Platinum and Platinum+ Tier Requirements How Do I Upgrade My eToro Membership? The most basic club membership level is silver, where you need equity of less than $5,000. If you wish to upgrade your membership level, all you have to do is contact customer service. Your membership will be verified after you can answer a few security questions. Once you decide on the membership tier, you will be asked to submit the required amount of money via your bank, and the process is complete. As soon as the money is deposited, your account will be upgraded to your new membership status. How Do I Upgrade to Platinum? Have you got the Platinum membership? You can become an eToro Platinum member. All you need to have is equity or an investment of $25,000. Platinum members get the same benefits as Gold members, plus include the following that can even help you make educated investment decisions: Access to the club dashboard.Direct access to a customer service agent, including live chat.Summary of daily markets for market analysis purposes.Participation in live webcasts.Access to exclusive copy portfolios.Crypto stalking.Zero withdrawal fees.Trading central research and analysis platform. Discount on exchange fees. How Do I Upgrade to Platinum+? To acquire eToro Platinum+ membership, you need to have equity or an investment of $50,000. Platinum+ members get the same benefits as platinum members, plus a few extras that include the following: Wall Street Journal subscription.Tickets to handpicked sporting events.Premium access to leading digital financial publications.Video call with your account manager. eToro Platinum vs. Platinum+ Tier Benefits What is the main difference between eToro Platinum and Platinum+? For one thing, Platinum+ eToro provides a supreme customer experience. If you have any doubts about your investing or have a query, all you have to do is make a video call and speak to your dedicated accounts manager. More importantly, you are provided with up-to-date financial information to know what commodities or stocks to invest in. So, ultimately, the key difference between Platinum and Platinum+ is that it comes to customer service. Indeed, you will always have the support and assistance of an experienced manager to guide you. eToro Platinum vs. Platinum+: Which Is Better? When you access the Platinum tier on eToro, both Platinum and Platinum+ possess features designed to improve your knowledge in trading and how to make successful investments. Once you are a Platinum member, you can receive current market data, enabling you to make a smart investment choice. Whether you select Platinum or Platinum+ membership depends on your personal preferences and affordability. In the end, you can always start with Platinum, and once you feel comfortable, you may upgrade to Platinum+. Why Should You Bother About eToro’s Platinum Tiers? Investing with eToro is a long-term activity and will not make you wealthy overnight. Financial investment requires in-depth market knowledge, experience, and patience. Platforms like eToro provide you with the tools to be a successful investor. It doesn’t matter whether you are a Platinum or a Platinum +. First, the key is to understand how the market works and then go up the tiers as per your portfolio growth and experience. Remember, as you become more familiar and comfortable with the financial markets, you can utilize the myriad of advantages offered from eToro's Platinum tiers. It's confidence - just confidence.
Platforms24Option Review: Account Types, CFDs, Safety, and More24Option is primarily a binary and options broker created by the Cyprus Securities and Exchange Board in 2008 and has its offices in Limassol, Cyprus. In its beginning, 24Option began as a pure binary options broker, but it has recently added other, mostly commercial, assets and tools you can access on their website. In addition to binary and options assets, 24Option offers other assets, like CFD stocks and Forex, some of the most popular assets. 24Option Account Information For newly registered traders, 24Option trading offers 4 distinct types of accounts, which include Basic Account A good choice for beginner and intermediate traders. The minimum balance required for this account type is $250, but the benefits you receive are minimal. With a Basic account, you'll get beginner-friendly educational material and daily news. Gold Account Users of the Gold account get access to two lessons regarding trading strategies, and access to one webinar per month. The minimum balance required to have a Gold account is $5,000 Platinum Account Traders with a Platinum account get better trade prices, three strategies for advanced traders, and access to two webinars per month. Additionally, the trading prices are significantly better when compared to the other account types. You'll also get three free withdrawals each month. VIP Account The VIP account is limited to a small percentage of traders, as it requires a minimum account balance of $50,000. With a VIP account, you get five advanced lessons and five monthly webinars with experts, in addition to unlimited withdrawals. You'll also get to contact a 24Option account manager. The broker also provides its traders with the option to establish a demo account in a risk-free environment and test their tactics. Minimum Deposit and Withdrawals To sum it up with some details: The minimum deposit 24Option required is set at $250, with equivalents in other currencies. For payouts, remember that 24Option withdrawals are reimbursed at the deposit source. Thus, your 24Option investment can only be returned using the same payment method as the deposit one. Regarding withdrawal fees, they're usually set at around 2-3%, depending on your withdrawal method and account type. How Do You Withdraw Money From 24Option? The withdrawal process at 24Option is simple. Follow the next steps: Log in to your 24Option accountAccess the Banking menuClick the Withdrawal tabEnter the amount you wish to withdrawFill in the required fields Hit Withdraw Is the 24Option App Worth It? The 24Option mobile app is an easy-to-use mobile trading platform, which is available for downloads on Android, and iOS devices, and is free. Once you tried it, you'll notice that the app has a clean, straightforward design, and is intuitive to use. The big blocks and buttons make the app easy to operate, so even new users will find it simple. In the app's UI, you'll find other useful info, like trading hours and real-time updates. All in all, we think that the trading app is an excellent addition to 24Option’s variety of services. Each version has been developed to make use of the entire range of features on several devices, offering all Android and iPhone users a tailored experience. How Do You Trade With 24Option? Even in the rather basic industry of binary, Forex, and CFD trading, 24Option did its best to be distinctive. The design of this trading platform's website is in line with the brand, being easy to use and operate. Starting from account creation, the 24Option registration process is quite simple, taking only a couple of steps to complete. After finishing it, you can easily access the website and go have a great trading experience. Types of Assets Available The types of trades you can do can be found in the menu in the upper left corner, including convenient ones like stop-loss trading. Here, you can choose from 24 Option Forex and 24Option CFD assets. You can also use MetaTrader 4 when trading at 24Option. Information of Corresponding Assets Later, the corresponding assets will be displayed below. Whichever you select, the asset's information and price chart on the right will be shown and updated in real-time. The trading area is also well-design, but the amount of data offered could be overwhelming. On the website, you can always see other important details, like your history of closed transactions and the profits you've acquired. Provide a Signal Service It's also worth mentioning that users have access to the 24Option signal service through the website. Still, remember that 24Option Forex signals should be regarded with some precaution. Of course, they can be an extra instrument to confirm or potentially close certain transactions. You can find 24Option's signal services under the "Open Trade" button, on the label "Trading Alerts". Free Instructional Material for Beginner Traders On its website, beginner traders can largely benefit from the whole instructional material offered. In fact, 24Option UK offers free access to big publications on popular subjects like day-to-day market and technical analysis. Is 24Option Legit? 24Option is legit and a regulated broker. They offer the high-quality services that they advertise, and the customer experience here is above-average. All in all, we think that this trading platform is trustworthy and probably worth a shot. Doing banking with this broker is also quite convenient, as 24Option withdrawals are payable at request. In one sentence, we're confident that 24Option is a safe and worthwhile broker.