, the world's largest social investment network, has announced significant steps in its efforts to lower risks by encouraging sustainable and responsible trading across its members and promoting consistent long term profits.
Yesterday eToro introduced three new changes in network users' CopyTrading experience:
1. Traders with the highest risk score are no longer available for copying. When a trader reaches a risk score of 9 out of 10 (based on a weekly average score), they won’t be able to get new copiers. Existing copiers will receive a notification to help them decide whether to continue copying or to consider copying someone with a lower risk score.
2. The maximum copy allocation increases to 100% of your account equity. eToro initially put in place an allocation limit of 40% in order to reduce risks for copiers. With high risk traders not longer availble for copying eToro is now able to remove the 40% allocation rule while maintaining our overall risk reduction goals.
3. A revised profile questionnaire that will determine what kind of limitations – if any – you might have on your CopyTrading activity. Completing your profile is a compulsory part of our verification procedure and it gives us an indication of what you’re expecting from eToro.