eToro offers beginner traders opportunity to take a punt on the currency markets for minimal investment of $2.50 a trade
LONDON, 02 February 2010 – eToro, the fastest growing online financial trading platform, has announced a new Micro Lot trading feature that significantly reduces the amount of capital investment previously required to trade on the Foreign Exchange (Forex) currency market. eToro’s new Micro Lots feature gives traders the option to trade the currency exchange markets for a minimal investment of USD $2.50.
eToro launched the initiative to cater to the growing interest of novice investors, who, despite having a keen interest in learning how to trade the markets, wish to manage risk with a lower level of investment, until they have acquired confidence and skills.
“eToro’s mission from the outset has been to make financial trading less intimidating to beginner traders,” said eToro CEO, Jonathan Assia. “New traders can learn Forex trading at their own pace with the instructional animations, tutorial videos, and live feeds of relevant news and financial information provided on the eToro platform. In addition to having the educational tools they need, beginner traders can take their first steps in trading without risking more investment capital then they are comfortable with.”
Micro Lot trading reduces the minimum size of a trade from 10,000 units to 1000 units of currency. Prior to the Micro Lot option a trader would have needed a minimum investment of $25. With micro lots enabled, the minimum investment per trade has been reduced dramatically to $2.50 per trade.
The eToro trading platform is available as a desktop version and as a browser based WebTrader version. Both provide free tools for traders of all levels, from novice to expert. The wide array of features include an easy to understand visual user interface, analytical tools and an online community to cater for the diverse needs of its more than 1.3 million customers worldwide.
“The eToro platform gives its traders the flexibility to match their trading experience and style with their desired level of investment and return.” Says Jonathan Assia. “Micro Lots is the perfect vehicle for new traders, but more experienced traders will likely want to continue trading with standard and
mini lots in order to realize greater profit potentials.”
