Social trading broker, platform developer eToro introduced Copy Dividends feature

Social trading broker, platform developer eToro introduced Copy Dividends feature

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eToro

Multi-asset broker and social trading network eToro said on Monday it has introduced to its only platform New eToro Copy Dividends, a new feature which allows traders to maintain their funds in a more accurate proportion to those of the traders they copy.

Thanks to the new feature, every time a trader withdraws money from his or her account, those who copy him or her can also allocate a proportionate amount from their copy balance to their account balance. Users will be notified of any such changes at the time of their next log in. In addition. When a trader adds funds to his or her trading account, copiers will get notification in case they want to do the same and maintain the same copy proportions.

eToro referred to the new feature as “a real game changer”. It will allow copiers to benefit from profits while still copying traders. Previously they were allowed to collect profits only after they stopped copying fellow traders. eToro COPY

“Like many of our features, Copy Dividends is unparalleled in the social trading industry, and marks the beginning of a new era, full of endless possibilities,” the company said in a statement.

Investors can use social trading platforms to trade, copy others’ trades, follow or get followed by other fellow traders. It is a good choice for beginner traders and traders without much experience.

eToro is a developer of trading software. It consists of eToro UK, regulated by the Financial Conduct Authority (FCA), and eToro Europe, regulated by the Cyprus Securities and Exchange Commission (CySEC).

New eToro, which was launched in November 2015, became the only social trading platform of eToro after the it replaced its iconic eToro OpenBook and eToro WebTrader platforms. It allows trading of forex, contracts for difference (CFDs), commodities, indices and stocks. It is available both as desktop and mobile apps.

eToro is active in more than 170 countries worldwide. It has more than 4.5 million clients with more than 177 million open trades.

Other social trading networks include ZuluTradeTradeo, FxPro SuperTrader, SwipeStox and Tradency among others

Source: eToro

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