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Alison joined the team as a writer in 2021. She has a medical degree with a focus on physiotherapy and a bachelor’s in psychology. However, her interest in forex trading and her love for writing led her to switch careers and she now has over 8 years experience in research and content development. She has tested and reviewed 100+ brokers and has a great understanding of the Forex trading world.
Alison Heyerdahl August 30, 2019 02:46 PM
Established in 2007, eToro is a well-regulated and trustworthy broker and remains Malaysia's most popular social trading broker. eToro’s simple, well-designed trading platform places copy trading and its social network at the heart of its trading experience. However, these features are often more popular among beginners who haven’t yet developed advanced trading strategies. eToro clients can only use eToro’s trading platform, so they will not have access to the automation tools available on common third-party platforms like MT4 and MT5. We were also disappointed by eToro’s high fees. These include currency conversion fees for deposits and withdrawals in currencies other than USD and a charge of 5 USD for each withdrawal. We also found eToro’s customer service to be generally non-responsive and we were let down by the lack of educational support. Overall, eToro has many positive features for beginners and others who enjoy social trading, but more experienced traders may find eToro’s limitations and high non-trading fees difficult to overlook.
Alison Heyerdahl August 30, 2019 02:46 PM
Considered one of the best all-round brokers, Avatrade will be an attractive choice for most traders. In our review, we found that Avatrade has a wide range of tradable assets, low trading fees, and a choice of four different trading platforms. In addition, Avatrade offers some of the best trading tools in the industry, alongside a world-class selection of educational and market analysis materials, providing traders with everything they need to make trading decisions. Avatrade is also popular for its award-winning mobile app, AvatradeGO, which has excellent risk management tools and a direct connection to AvaSocial, AvaTrade’s popular social trading system. Malaysian traders may have an issue with Avatrade: because they are onboarded through Avatrade’s British Virgin Islands-based entity, they will have no recourse in the event of a dispute with the company. Additionally, none of the website materials are translated into Malay.
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