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eToro Upgrades Its OpenBook Social Forex Platform... Well, Sort Of

Jul 24 2013

eToro has just updated its OpenBook platform for social trading. The three most important updates are that as of Today OpenBook will be a single page application, the Copy.Me feature will be removed, and a better Second Income reporting will be introduced for Social Gurus. 

Up until now, eToro's OpenBook was a messy site. I have been using it for a while now, and I still don't get the logic behind the platform's layout – I keep clicking randomly for at least a few minutes before I can access my account balance or other details. It's not that I'm too dumb to find my way – it's just that I don't feel the need to do so because the platform was not designed to be so user-friendly. 
This is why the news about the new OpenBook got me really excited – I began imagining my entire account and all of its activity on a single page, everything neat and tidy... And then I realized that I won't really see any changes – as eToro itself tells, “this change does not affect any feature of the product. You’ll only notice a change in how pages load faster and more smoothly”. And there go my dreams of a better trading platform. Gone. Shattered. I should have known, though - this is not the first time the broker disappoints me with an upgrade.
On top of that, eToro goes on to compare this with Google's Gmail in terms of navigation ease, but I am a bit skeptical if they'll be able to achieve this – after all, Gmail has a completely different purpose and hence – a different functionality. It also has common sense, and even its dumb features (like the new tabs, for example), are designed with the best intention of making things easy for the users. Thanks for blowing my expectations, eToro. Well done. 
Then comes – or rather goes – the Copy.Me feature. If you aren't aware of it, Copy.Me was a tool letting signal providers promote their activity outside of OpenBook for the purpose of attracting more followers. Not that it matters any more since the service has already been canceled.  The reason eToro gives for shutting down Copy.Me is its redundancy – and I completely agree with that. Anyone who had created a Copy.Me profile will still have their URL, but it will now redirect to the trader's profile on OpenBook. 
The last piece of news concerns those clients of eToro who participate in the broker's Social Guru program. If you're not a Social Guru, you can skip this part altogether and do something more useful instead – like fetching me a cup of coffee, or trading (I see some movement on the USD/JPY chart, there might be trading opportunities there but don't take this as trading advice. I mean it.). 
Back to Social Gurus: these will now be getting their “Second Income” reports straight into their account profiles (good luck finding that, I'm telling you – I'm still trying to figure out what's up with that signal providers who keeps blowing away my money). No, wait – eToro must have anticipated that it will be hard to find, so here's a hint: go to Stats >> Second Income in your profile. 
And that's all the news from eToro for now. Stay tuned! 

About eToro

eToro is a Cyprus-based forex broker regulated by the Cyprus Securities and Exchange Commission. It offers reasonable trading via proprietary trading platforms, variable spreads from 1 pip, and leverage of up to 1:400.
Recently the broker obtained a license from the Financial Conduct Authority (FCA) in the UK, and is expected to set up offices in London soon. 
TAGS: eToro  forex broker  forex trading  forex  trading platform  OpenBook  social guru  Copy.Me 

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