November 08, 2011

Mobile App for Social Trading Launched by eToro

A rich mobile web application has been launched by eToro. Currencies, commodities and indices can be now traded 'on the go' with this application. Traders are also given the freedom and flexibility to participate in social trading on the move. The eToro OpenBook social trading platform is run by the HTML5 based Mobile Trading application. The application also includes eToro’s awarding winning CopyTrader functionality. All Android mobile devices including tablets along with Apple’s (News - Alert) iPhones, iPads and iPods are compatible with the application. An announcement in this regard has been made by the world's largest investment network, eToro.

In a release, Javier Paz, Senior Analyst at Aite Group, said, "Trading and trade monitoring through mobile devices is quickly becoming a necessity, with an estimated eight percent of all retail FX volume being generated this way -- rising to 16 percent within two years. EToro understands this, but many brokers have yet to respond to this major trend."

According to Paz, by excelling in three areas, the eToro mobile trading app makes it easy to find someone to copy-trade. People can also check one’s account performance easily with the application.

Real time feeds of expert traders' positions are provided to traders by eToro’s Mobile Trading application. Traders are also provided live streaming prices for all supported products. Users are able to quickly identify the best performing traders on the network with the supported ranking feature. Traders can instantly copy all their trades into their own investment portfolio by initiating CopyTrader.

Johnathan Assia, CEO of eToro, said, "As pioneers in social trading, we believe it is essential to provide our traders with the latest innovations for any time anywhere access to their trading account and the eToro OpenBook social trading community. Developing our app in HTML5 is aligned with our mission to continuously innovate and lead the field."

According to Assia, any mobile device can be synced up with market gurus through the application. Apart from keeping a pulse on price movements, traders can decide which trades and traders to copy with the application. eToro’s promise to provide eToro customers with full transparency and control over their investment portfolio has therefore been delivered.

Carolyn John is a Contributor to TMCnet. To read more of her articles, please columnist page.

Edited by Rich Steeves


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