If you’re looking to trade CFDs, forex, or cryptocurrency, there are plenty of places to do it. However, finding that broker that feels like the right fit may be more difficult than you think. The reality is that not all brokers are created equally.
When first starting my review of TradeToro I was expecting to come across the same old thing we seem to see in the space. A platform designed for trading with a few tools and not much else. What I found through my review, well, that was anything but what I expected to see. Sure, TradeToro did offer a platform for trading, but there was far more offered along with it. Ultimately, it seemed as though the company has gone the extra mile to ensure the success of the traders that work with them.
TradeToro Educational Platform
Addressing A Commonly Looked Over Need
Brokers in the space have one thing in mind, getting traders in and trading so that they make money. The reality however is that in the hustle and bustle of worrying about driving new traders in, these brokers seem to overlook an important need. That need is education.
One of the first things that jumped out at me when digging through the TradeToro platform was the in-depth education center that the company provides. This isn’t something that’s seen often. Nonetheless, TradeToro has put together a great book of courses for traders with lesson plans that range from the very basic to the very advanced. These courses offered through the education center are surprisingly easy to keep up with but also incredibly intuitive, offering the education that helps to define success in the trading space.
A Comprehensive Yet Easy To Use Platform
When it comes to choosing a broker to trade with, one of the first things that I look at is the platform. At the end of the day, too many trading platforms are so convoluted that they become difficult to use. This is more true as multiple trading vehicles and more and more trading assets come into play.
While TradeToro provides a comprehensive list of both trading vehicles and trading assets, the platform is surprisingly easy to use. When designing the platform, it’s clear that the designers paid close attention to where the traders’ eyes would go on the screen, and made sure that where they looked, they found something of use. On top of that, the navigation on the platform is incredibly simple. However, what’s most surprising is how the company was able to fit so much data into one screen without the confusion.
Yet Another Added Benefit
The creators at TradeToro know how nice it is to have everything you need in one spot. One of the things that they have that few other brokers do is an economic calendar. Successful traders will tell you that economic data is key when it comes to making money in the market. The economic calendar provided at TradeToro is just as intuitive as any other economic calendar that I’ve seen, and it’s right on the same website as your trading platform… where you need it!
TradeToro Trading Platform
Digging Into The Basics
Now that we’ve discussed all of the added benefits that you get with TradeToro, let’s chat about the basics. First and foremost, the customer service provided by the company is second to none. With various forms of contact, quick response times, and knowledgeable representatives, your questions will surely be answered.
When it comes to the fee structure, TradeToro is about as competitive as they get. At the moment, the company’s services are largely free. There are no trade commissions or withdrawal fees for those using credit cards, debit cards, or online wallets. However, when it comes to bank wire transfers, a standard $30 fee will apply. Also, withdrawals are relatively quick, usually processing in 3 to 10 days.
The Verdict Is In
After a thorough review of TradeToro, I have to say that I’m impressed. While there are tons of legitimate brokers out there, there are few brokers that actually take the time to educate their members, provide high quality unique functions like economic calendars, and provide a trading process free of commissions and withdrawal fees. All in all, TradeToro isn’t just a legitimate service, it’s a broker that you’d be mistaken not to work with!