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eToro Updates WebTrader Forex Platform

Cyprus-based Forex broker eToro earlier this week unveiled a new version of its browser-based FX trading platform WebTrader, and I was curious to check the innovations that the latest update presents. 
 
For starters, the broker claims that there were some minor fixes to the platform which I could not detect (may be because they are so small). By the way, the fix that I badly need and I just don't get is WebTrader's compatibility with the Safari browser on my Mac computer. I still need to use a PC to tap into WebTrader.
 
But let's see what are the major changes that the broker is proud of. There are two of them: you get to see the current equity value for every trader you copy; and there is a new view of the Open Trades window. Wow! It's an interesting way of rethinking the concept of “major”. But anyway, let's  see how these two new features can be helpful for a user of the platform.
 
 
You can see the equity of every copied trader under the current column, as the photo above shows. What this reading does for you is that it shows you the sum of the amount you've invested and the net profit from copying the signals of a particular trader. I personally need the “net profit” reading only, but the broker says that it would be good to see another sum (a bigger one), so that I know what I'm going to get in return if I stop following a certain trader. 
 
The next change that the broker deems as “major” is the Markets view of the Open Trades window.
 
 
To switch to Markets view, you need to simply click on the Markets button at the top right corner of  the Open Trades window, next to the People button. What you'll see is grouping of your trades according to the instruments traded and the broker claims that this is good as it allows you to gauge your exposure to a certain market and that's especially useful when you trade with plenty of various instruments. And although that's true I hesitate that this new feature is helpful in this respect – what I see is a crowd of different groups in which all trades with particular instruments are squashed. This runs contra the main idea of analytical tools – to give more information about particulars, instead of mixing stuff. All of my EUR/USD trades, for example, will be put together regardless of their specificities - how am I supposed to obtain reliable statistical data from this mixture of averages?
 
But since eToro is regularly updating its products and services, as the most recent upgrade of OpenBook has proven, I hope that there will be more exciting news to deliver next time.   
 

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  etoro forex  etoro webtrader  webtrader forex platform  forex trading platform  forex platform update  webtrader upgrade  current equity  market view 

More news about eToro

Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Cyprus, SVG CySEC MT5, Web,
cTrader
$100 Review Website
Australia ASIC MT4, MT5,
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UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
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Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT4, Web, MT4
for Mac
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Australia, UK ASIC, FCA MT4, MT5,
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