Financial Technology

Financial Technology

September 23, 2011

eToro's CopyMe Helps Traders Build Own Investment Business

CopyMe is being demonstrated by eToro at FinovateFall. Expert traders are able to generate a second line of income with the individual and personalized one-stop e-store, CopyMe. This is done by showcasing their investment skills through CopyMe. An announcement in this regard has been made by the largest global investment network, eToro.  

Expert traders, also known as Gurus, are able to create their own investment shop with the innovative concept and business model of CopyMe. Their financial services can be promoted to every potential investor in the world. The investors on the eToro social trading network will therefore increase. Full transparency on each trader's performance and risk appetite is provided by CopyMe to investors. The investors are also provided full transparency on trading history and portfolio breakdown.

The largest social trading network, eToro OpenBook has been integrated with CopyMe. Over 1.75 million registered eToro users will be exposed to the trading skills of these Gurus. By automatically copying all trades into their own eToro trading account, the integration allows eToro community members to invest in their trading performance. Guru traders are compensated on the amount of unique copiers per month apart from building their own investment business. Their trading expertise can therefore help them earn big pay-outs in monthly income.

Every expert can easily create their own respectable investment business with CopyMe. A fully transparent and performance-based investment alternative can be therefore offered to potential investors.

In a release, Jonathan Assia, CEO of eToro, said, "Today, at Finovate, we will show how successful retail traders can promote and manage their ownside business. CopyMe is the logical next step in the evolution of social trading, enabling our expert traders to leverage their expertise to earn a second income and to make financial networks accessible to everyone."

An applicant’s historical performance, trade strategy and risk behavior are taken into account to become an expert trader. A successful trading history with a minimum number of executed trades over a specified time period needs to be maintained by experts. They also need to hold a professional money management certificate.

Carolyn John is a Contributor to TMCnet. To read more of her articles, please columnist page.

Edited by Rich Steeves

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