CEO Yoni Assia comments after Brexit, as eToro pushes out a new feature.
Online broker and social trading technology developer eToro, which provides FX and CFD traders with the ability to find trading strategies from amongst its network of traders globally, has made changes to certain of its product features and trading conditions.
After introducing a trailing stop-loss feature into its virtual portfolio mode several months ago, eToro has just announced that it has pushed this feature into its real portfolio mode as well, according to a blog update on the company's website.
In preparation for such a huge event we considered it vital that our clients' exposure to risk was reduced and that led us to changing some of the leverage options that we offer at eToro.
Although record moves were made across various currencies and indices in last Friday's trading session, after the global markets digested the news of the UK's vote to exit the EU, markets functioned orderly and major firms - including eToro - operated smoothly.
While the contagion of the Brexit could spread further, currency and global stock markets experienced subdued Volatility today when compared to last Friday's historic trading day - the GBP/USD reached its lowest level in three decades and fell by nearly half as much again today.
Trading volumes surged last Friday across various trading venues, and eToro also observed a rise in the value of assets under management (AUM) that was being copied on its platform, as explained in a letter to clients today. The company also reverted trading conditons back to normal for two of its related currencies including EUR and GBP pairs.
Operations ran smoothly
Commenting in a statement to clients, eToro CEO and founder Yoni Assia explained: "In preparation for such a huge event we considered it vital that our clients exposure to risk was reduced and that led us to changing some of the leverage options that we offer at eToro.
After a Brexhausting past 72 hours we’re pleased to report that our global operations have run smoothly and we have now increased leverage on the GBP and EUR currencies back to normal levels.
It’s also been an extremely exciting time for our trading community with record levels of new daily customers in the past 72 hours, the majority of them taking an immediate investment in another trader, with copy AUM seeing great gains thus proving the power of social trading. Overall the network posted gains in what has been one of the most unpredictable weeks in our history!So well done, keep calm and trade on!"
Online broker and social trading technology developer eToro, which provides FX and CFD traders with the ability to find trading strategies from amongst its network of traders globally, has made changes to certain of its product features and trading conditions.
After introducing a trailing stop-loss feature into its virtual portfolio mode several months ago, eToro has just announced that it has pushed this feature into its real portfolio mode as well, according to a blog update on the company's website.
In preparation for such a huge event we considered it vital that our clients' exposure to risk was reduced and that led us to changing some of the leverage options that we offer at eToro.
Although record moves were made across various currencies and indices in last Friday's trading session, after the global markets digested the news of the UK's vote to exit the EU, markets functioned orderly and major firms - including eToro - operated smoothly.
While the contagion of the Brexit could spread further, currency and global stock markets experienced subdued Volatility today when compared to last Friday's historic trading day - the GBP/USD reached its lowest level in three decades and fell by nearly half as much again today.
Trading volumes surged last Friday across various trading venues, and eToro also observed a rise in the value of assets under management (AUM) that was being copied on its platform, as explained in a letter to clients today. The company also reverted trading conditons back to normal for two of its related currencies including EUR and GBP pairs.
Operations ran smoothly
Commenting in a statement to clients, eToro CEO and founder Yoni Assia explained: "In preparation for such a huge event we considered it vital that our clients exposure to risk was reduced and that led us to changing some of the leverage options that we offer at eToro.
After a Brexhausting past 72 hours we’re pleased to report that our global operations have run smoothly and we have now increased leverage on the GBP and EUR currencies back to normal levels.
It’s also been an extremely exciting time for our trading community with record levels of new daily customers in the past 72 hours, the majority of them taking an immediate investment in another trader, with copy AUM seeing great gains thus proving the power of social trading. Overall the network posted gains in what has been one of the most unpredictable weeks in our history!So well done, keep calm and trade on!"
BGC Group's Q1 Net Income Surges 92% Driven by Geographical Expansion
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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