eToro - Social Trading
100,000 - 500,000 downloads
- Interesting tool based on the popular website
- Works well, good UI
- Not for everyone
Learn it all about good investments by following the top ones
eToro OpenBook Stocks & Copy is an investment platform for Android devices that helps novel users get to know the world of stocks and learn information from professionals.
Sign up via mail or Facebook and decide what you want to do first: connect with people or invest in markets. Choose the top investors you want to follow and learn it all about smart investments.
The interface is definitely clean and organized, although the whole concept requires a bit of previous knowledge and tutorial learning, as you're actually using money and it can be pretty risky to do anything without studying your options first.
The app has many interesting features, allows you to take part in discussions, manage your contacts and attract new followers to become a popular investor.
eToro is the developer of eToro OpenBook Stocks & Copy, a well-thought and thoroughly designed application that will be extremely helpful for those interested in the finance world.Developer's original description available here
eToro OpenBook is the world’s largest social investment network, connecting traders from around the globe and enabling them to share trading information and strategies freely and openly. Thanks to the eToro OpenBook’s ground breaking CopyTrader tool, eToro investors can invest not only in traditional financial market, but also in each other’s investment strategies, to build people based portfolios.
With the new eToro OpenBook social trading app for Android, you can:
★ Start investing in Stocks, Commodities, Indices and Currencies with only $50
★ Find top ranked investors and view their portfolios, including performance charts, up to date statistics and portfolio breakdown.
★ Follow eToro’s top social investors to get insight into their trading decisions and investment strategies
★ Participate in lively online discussions about the financial markets and more
★ Build and manage your people based portfolio by automatically copying top investors’ trading actions
★ Attract your own followers and copiers and gain an extra income for sharing your wisdom as a Popular Investor
Social Trading is about opening the financial markets up to everyone, beginners and experts alike. By enabling investors to connect with one another to discuss, trade, invest, learn and share knowledge across the network, they can in turn make more informed trading decisions.
Studies conducted on eToro statistics over the past year (2013) have shown that investments made via copy trading were significantly more likely to be profitable, as opposed to manually opened trades. Moreover, we found that our investors were more likely to curb their risk appetite and opt for low to medium risk strategies, than those trading outside the framework of a social trading network.
With thousands of new investment accounts opened every day, our network is the fastest growing and most diverse social investment community around. And with many more exciting innovations down the pipeline, we make sure that you have the tools to seek out the most relevant social trading information to you and apply it to your trading activity in the simplest and most practical way.
Along with developing innovative online investment technology, eToro is constantly expanding its selection of financial investment instruments. Over the past year we have added over 100 blue-chip stocks to our investment offering, with plans to double this amount in the near future.
eToro OpenBook and social investment in the media:
"Online trading website eToro have applied a "Facebook meets Twitter"- like approach in which users build communities to share and discuss trades, while sites rank top players and offer the chance to duplicate the trades of the most successful peers."
“Internet social networks that let users follow investments the way they track status updates on Facebook are attracting record interest, turning top performers into market stars for individual investors.”
-Jonathan Morgan, Bloomberg
"If we had to rank the six social networks by how well they understand these three lessons, there would be one clear and undisputed leader, eToro"
“For creating a social network that lets traders emulate those with skin in the game. Invest like a guru with eToro, which enables the little guy to follow and copy the market moves of top traders. As it turns out, copying is a shrewd strategy"
- Fast Company
"Santosh Tiwari is not a professional trader, but almost 3,000 people are watching his every investment move"
-Ali Hussain THE SUNDAY TIMES
Some lists where this application appears: Reviewed by Anna Grace.
Love it, dabbling and making money, what else can wish for
Can anyone say why this is happening. When clicking stats I just get the etoro logo in the middle if the screen. Am I missing a plugin?
It stops running often
As a newbie it's a great way to begin. Other apps do,charts better hence the 4 stars. I'm,swapping between apps to get my head around it all.
It works perfectly fine, it's even faster than the website
Great app and platform, but it will be more interested with widgets support :)