eToro, the world’s largest investment network, recently made the announcement that it was awarded with Best of Show at FinovateEurope for the third time in a row.
The latest innovation of eToro is the GuruFinder™ an enhancement to eToro OpenBook™ that enables users to easily spot the best trader talent as per their personal investment preferences.
Users have now the extended ability to further harness the wisdom of the crowds to create their people-based investment portfolio by following and copying all of the trades of their investment dream team to increase potential returns. Produced by Online Financial Innovations, FinovateEurope was attended by 35 competing companies from Europe, North America and Asia demonstrating the latest technologies in money management, security, social investing, online and mobile payments, and online and small business banking. Based on live demonstrations, attendees voted for their four favourite products, where eToro was one of the four leading vote getters.
With the thousands of top performing traders actively using eToro OpenBook , GuruFinder helps find the most suitable Gurus for copying trades, by providing more precise search criteria including percentage of total investments in a single trade, average duration of each trade, percentage of weekly drawdown and number of profitable weeks.
“We are very pleased to win this prestigious industry award for the third time in a row,” said eToro CEO, Johnathan Assia. “This vote of confidence from the financial industry confirms our ability to lead the social trading revolution with improved trading returns through equal information sharing and a more efficient way to copy top performing traders. Everyone can now tap into the wisdom of the crowds and use eToro’s social indicators to find the top Guru traders and place money on them.”