eToro integrates with TradingView charts
Israeli broker eToro has upgraded its social trading platform to integrate professional charting and trading platform TradingView.
eToro traders will be able to conduct top-tier technical analysis using TradingView’s charting package. The integration will also further expand the usability of the investment network, offering users the chance to trade available instruments and make more informed decisions without leaving the TradingView interface.
Specifically, eToro said the integration offers access to 100+ indicators for the most popular trading strategies and 50+ drawing tools to plan trades. The broker also touts the ability to laser focus on an asset’s price movements and provide investors with detailed information on their favorite assets.
TradingView users, who are also eToro customers, can receive customized alerts on breaking news, connect with other users, write down thoughts and scout the most active stocks of the day. Direct integration also allows them to trade without custody fees, flat-rate third-party costs or additional costs directly from TradingView charts.
Furthermore, eToro plans for a second phase of integration with TradingView that will add new features such as trading directly from the charts. This will allow users to quickly execute trades without having to switch back and forth between different sections of the platform.
TradingView is a data-driven investor community, which is ranked among the top 300 websites in the world, powering over 40,000 other websites and providing social networks. The company’s approach differs from other social trading networks because it is chart-based with an emphasis on visuals to support investing and provide communal space to view and share trading ideas.
The development comes as eToro continues to enhance the customer experience. Most recently, it acquired the portfolio management business Bullsheet to offer users greater visibility into their eToro accounts.
The deal marked the broker’s second acquisition in two months, the latest of which was eToro’s purchase of no-fee trading app Gatsby to expand its business in the US. Co-founded by Jeff Myers and Ryan Belanger-Saleh in 2018, Gatsby is a commission-free options and stock-trading app aimed at younger traders.
Gatsby builds upon two open-source JavaScript projects for website and web app development. The app launched into iOS and Android in early 2020. Since then, it has seen the number of signups doubling on a yearly basis amid a spike in trade volume with cannabis and meme stocks ranking among its most popular assets.
