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eToro, the fastest growing online financial trading platform in the world, has announced a new Micro Lot trading feature that significantly reduces the amount of capital investment previously required to trade Contracts for Difference (CFDs) on Foreign Exchange (Forex). eToro’s new Micro Lot feature gives traders the option to trade Contracts for Difference on Foreign exchange for a minimal outlay 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 forex trading confidence and skills to take their trading to the next level.
“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 1,000 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 dramatically reduced to $2.50 per trade.
”The strength of the Australian Dollar has made Forex trading popular amongst both novice and professional users”, said International Capital Markets Managing Director, Andrew Budzinski. “With the introduction of Micro Lot trading the eToro platform is the only trading platform in Australia allowing new traders to experience Forex with such a minimal outlay. Through our partnership with eToro we aim to make forex trading simple, enjoyable and accessible to all Australian’s.”
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 lots for greater profit potential.”
To learn more about eToro and how to start trading with Micro Lots please visit eToro.com.au/.
About eToro
With more than 2,000 new accounts created each day and local offices in the USA, Cyprus, & Australia, eToro brings financial trading to life for hundreds of thousands of traders worldwide.
Its “people friendly” Forex and commodities trading platform helps make Forex: simple to start, great to learn and a delight to trade. eToro’s educational and trading toolbox, together with personal service, delivers Forex trading as it’s meant to be.
eToro’s growing community adds an extra dimension to trading: it connects all traders to help them get more from their trading experience. With a live chat for traders, ongoing trading championships and the traders’ insight tools, interaction and co-operation becomes the heart of the trading experience at eToro.
About International Capital Markets (IC Markets)
International Capital Markets is a leading CFD, Forex, Futures, Options and Share broker in Australia. The company was created with the vision of offering a global product range previously only available to large institutions and high net worth individuals to retail investors online.
IC Markets, headquartered in Sydney, will now offer the innovative eToro trading platform as part of its suite of offerings. IC Markets is regulated by ASIC (AFSL 335692), the financial services regulator in Australia.
Trading in the Foreign Exchange market might carry potential rewards, but also potential risks.
You must be aware of the risks and be willing to accept them in order to trade in the foreign exchange market. Don't trade with money you can't afford to lose. Contact: Dori Harpaz / E: pr[.]eToro.com.
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