eToro Launches Mobile HTML 5 App

eToro has announced the launch of a rich mobile web application giving traders the freedom and flexibility to trade 'on the go' and to participate in social trading on the move.

The Mobile Trading application is based on HTML5 that runs the eToro OpenBook™ social trading platform and its award winning CopyTrader™ functionality and supports IOS (iPhone, iPad, iPod) 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 8% of all retail FX volume being generated this way – rising to 16% within 2 years. EToro understands this, but many brokers have yet to respond to this major trend. The eToro mobile trading app excels in three areas, making it easy to: find someone to copy-trade, people to follow, and checking one’s account performance,” said Javier Paz, Senior Analyst, Aite Group.

eToro's Mobile Trading application provides traders with real time feeds of expert traders' positions and profits as well as live streaming prices for all supported products (currencies, commodities and indices) and the ability to place market and pending orders, monitor account balances and margins. The supported ranking feature allows users to quickly identify the best performing traders on the network and initiate CopyTrader to instantly copy all their trades into their own investment portfolio.

"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 ", said 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 eToro customers with full transparency and control over their investment portfolio."

To tap into the largest investment community on the go visit http://www.etoro.com

» EU Ministers approve Greece bail out deal

Euro-area finance ministers reached agreement on a second bailout package for Greece that is vital to staving off a default next month.

» Islamic index launched for the Australian market

Global business information provider, Thomson Reuters, and Australian Islamic investment manager, Crescent Wealth, today launched the first research-based Islamic index for the Australian market, giving investors wanting to build Islamic-compliant Australian equity portfolios a powerful new...

» RBA keeps interest rates on hold

At its meeting this week, the Reserve Bank Board decided to leave the cash rate unchanged at 4.25 per cent.

» I borrowed to buy shares and have sold them last financial year but did not apply the proceeds to interest bearing debt. Is the interest I pay after I sold the shares deductible? I am not a share trader and reported a small capital gain on sale last year

You would be able to claim a deduction for the interest expense in relation to money borrowed for the purchase of shares but only during the period/s in which it is expected that you will derive an income. Once the shares were sold, it is quite clear that your original loan to purchase the shares...

» I am retired and I lost $10,000 in trading last year. Can I claim this as a tax deduction?

Losses are sometimes unavoidable, particularly during volatile markets. Provided the non-commercial losses rules are satisfied, the Australian Taxation Office (ATO) allows traders to claim an immediate deduction for their trading losses and offset the losses against other taxable income, such as...

» I am now retired and have started trading FX from my home. I also own a small parcel of blue-chip shares – would I be classified as a trader or as an investor?

The distinction between traders and investors is significant for tax purposes, because they deal with gains and losses differently. In financial years when investments plummet, it is quite common for taxpayers to try to class themselves as traders. If an Australian Taxation Office (ATO) audit finds...