16/11/2011
By Scott Thompson
Investment network, eToro, has launched an app to enable social trading on the move. Traders can now trade currencies, commodities and indices through their mobile devices, as well as copy other traders and check account performance.
The app is based on HTML5 that runs the eToro OpenBook social trading platform and its CopyTrader functionality and supports IOS and all Android mobile devices including tablets. eToro also provides a native Mobile Trader application for Android which was launched September of last year.
“Trading and trade monitoring through mobile devices is quickly becoming a necessity, with an estimated eight per cent of all retail FX volume being generated this way – rising to 16 per cent within two years. eToro understands this, but many brokers have yet to respond to this major trend. The app excels in three areas, making it easy to: find someone to copy-trade, people to follow, and checking one’s account performance,” says Javier Paz, senior analyst, Aite Group.
"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,” says eToro CEO, Johnathan Assia. "Developing our app in HTML5 is aligned with our mission to continuously innovate and lead the field. We are proud to be one of the first movers to adopt HTML5 to create state of the art web applications that deliver a great mobile user experience. The ability to use any mobile device to sync up with market gurus, keep a pulse on price movements, and decide which trades and traders to copy is an extension of eToro promise to provide our customers with full transparency and control over their investment portfolio."
