eToro announces that its has reached the milestone of 50 million trades on its social network. Take a look to learn how many of those 50 million were copied trades and how many total traders have used the system.
Social trading broker eToro has announced today that it has reached 50 million trades and 2.75 million traders on its social trading network, since launching the product in 2010. Since pivoting to become a social trading only focused firm, from its previous incarnation of traditional brokering with an interactive platform , eToro has paved the way for social networks among other brokers.
There is no doubting the importance of social trading in the Forex industry. It provides an engaging platform for users and most importantly lowers the barrier of education for traders. As written about previously on Forex Magantes, copy/social trading is becoming an increasingly essential feature for brokers with large affiliate networks, as the product can lead to more stable revenue streams for partners.
Today’s release sheds some more light on the social trading. According to eToro of the 50 million trades on its social network, 32 million (64%) were copied trades. They also reported that trading leaders, tended to become more risk averse and stated “A very interesting take out of this study is that traders with a large number of users copying their trading activity, are adapting their trading strategy from high risk to medium risk and lower. This is what we describe as the responsible social trading phenomena.” They added that 80% of positions were held for “an unexpected” average of 13 days and were traded with ‘medium risk’.
In addition, eToro posted an infographic with more details of their network. Some highlights include:
79%/21% Male/Female distribution
Europe is the network's top continent, with 49% of traders living there
73% of trades were placed during European market hours
The 25-34 year old demographic was the largest group using the network, accounting for 34% of users. More interestingly, they reported that 13% of traders were 65 years or older
Commenting on the news, Yoni Assia, CEO and Founder of eToro stated “it confirms that our users crave a simple yet innovative way to access and invest in the financial markets.” He added “this is best reflected by the readiness to copy the trades of any other user in the network.”
While there is no doubting the success of copy/social trading, with nearly every broker having launched some sort of similar product to eToro, it begs the question ‘what is the next big thing in the industry?’
Social trading broker eToro has announced today that it has reached 50 million trades and 2.75 million traders on its social trading network, since launching the product in 2010. Since pivoting to become a social trading only focused firm, from its previous incarnation of traditional brokering with an interactive platform , eToro has paved the way for social networks among other brokers.
There is no doubting the importance of social trading in the Forex industry. It provides an engaging platform for users and most importantly lowers the barrier of education for traders. As written about previously on Forex Magantes, copy/social trading is becoming an increasingly essential feature for brokers with large affiliate networks, as the product can lead to more stable revenue streams for partners.
Today’s release sheds some more light on the social trading. According to eToro of the 50 million trades on its social network, 32 million (64%) were copied trades. They also reported that trading leaders, tended to become more risk averse and stated “A very interesting take out of this study is that traders with a large number of users copying their trading activity, are adapting their trading strategy from high risk to medium risk and lower. This is what we describe as the responsible social trading phenomena.” They added that 80% of positions were held for “an unexpected” average of 13 days and were traded with ‘medium risk’.
In addition, eToro posted an infographic with more details of their network. Some highlights include:
79%/21% Male/Female distribution
Europe is the network's top continent, with 49% of traders living there
73% of trades were placed during European market hours
The 25-34 year old demographic was the largest group using the network, accounting for 34% of users. More interestingly, they reported that 13% of traders were 65 years or older
Commenting on the news, Yoni Assia, CEO and Founder of eToro stated “it confirms that our users crave a simple yet innovative way to access and invest in the financial markets.” He added “this is best reflected by the readiness to copy the trades of any other user in the network.”
While there is no doubting the success of copy/social trading, with nearly every broker having launched some sort of similar product to eToro, it begs the question ‘what is the next big thing in the industry?’
58% of UK Investors Choose Professional Guidance over 'Finfluencers’
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.
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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
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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.
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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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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
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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
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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
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#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
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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.
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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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