Forex trading Platform

eToro

EToro logo facebook profile.jpg
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For ethnic group of Papua New Guinea, see Etoro tribe.
eToro
Type Private Company
Industry Financial Services
Currency Trading
Social Investment
Founded 2007
Headquarters Limassol, Cyprus
Key people Jonathan Assia CEO and co founder
Employees 150
Website http://www.etoro.com
'eToro is a social investment network based in Cyprus. It provides personal online financial services in forex, commodities and stock indices through its own electronic trading platform. eToro is primarily a platform and a software provider; it is not itself a financial broker. Rather, it connects its customers with third party brokerage services provided by various brokers.

Contents

History

eToro was founded in 2007 in Limassol, Cyprus by brothers Jonathan and Ronen Assia together with David Ring.[1] eToro launched its platform version in a visual trading mode which presented online currency trading (forex) as a series of games. Initially eToro’s financial trading platform was a download only product, incorporating graphic trading visualizations which conceptualized the trading process as a race between currencies and a visual tug of war amongst others.[2] Later the company expanded its product offering by launching a professional trader’s application “Expert Mode” and a web based trading platform “WebTrader”. In May 2011 eToro launched "CopyTrader" feature in its "OpenBook" community platform, which enables users to view, follow and copy the network's top traders automatically.
In 2007 eToro raised $1.7 million in first round funding, followed by $6.3 million in the second round in 2009,[3] a third funding round in 2010 of a further $2.4 million[4] was followed in 2011 by a fourth funding round worth $8.3 million.[5] and a fifth funding round in March 2012 worth $15 million.[6] Throughout this period the company has continued to expand and now maintains numerous overseas offices. The company claims to manage investments worth tens of billions annually and reports an annual customer growth rate of 20%. In its public statements the company has reported that is has 2.5 million registered users and claims that it receives 2,000 new account openings every day.[7]

Services

eToro provides online financial trading in forex and CFDs on commodities, gold, silver and indices. It's trading products are offered via its broker partners;
In addition to providing direct access to financial trading brokers eToro has also set up a financial trading social network.[8]

References

  1. ^ Globes, April 4, 2009
  2. ^ PRWeb, November 28, 2010
  3. ^ TechCrunch, March 31, 2009
  4. ^ TechCrunch, June 8, 2010
  5. ^ TechCrunch, January 26, 2011
  6. ^ [1], March 13, 2012 

  8. MetaTrader 4

    From Wikipedia, the free encyclopedia
      (Redirected from MT4)
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    		It has been suggested that MetaQuotes Software be merged into this article or section. (Discuss) Proposed since February 2012.
    MetaTrader 4
    MetaTraderPlatform.gif
    Developer(s) Metaquotes Software Corp.
    Operating system Windows
    Type Trading platform, Technical analysis software
    License Metaquotes Software Corp.
    Website www.metaquotes.net/en/metatrader4
    MetaTrader 4, also known as MT4, is an electronic trading platform widely used by online retail foreign exchange speculative traders. It was developed by MetaQuotes Software and released in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients. The software consists of both a client and server component. The server component is run by the broker and the client software is provided to the brokers customers, which use it to see live streaming prices, charts and to place orders as well as manage their account.
    The client is a Microsoft Windows-based application that became popular mainly due to the ability for end users to write their own trading scripts and robots that could automate trading. In 2010 MetaQuotes released a successor, MetaTrader 5, however uptake was slow and as of early 2012 most brokers still used MT4.

    Contents

    History

    Its developer MetaQuotes Software had previously released a number of versions of the MetaTrader software starting in 2002. Metatrader 4 was a significantly enhanced version and was released in 2005.
    Between 2007 and 2010 a number of brokerages added the MT4 platform as an optional alternative to their existing trading software due to its popularity with traders and the large number of third party scripts and advisors.
    In 2010 a significantly re-coded MetaTrader 5 went into public beta testing and was subsequently released later in the year

    Functionality


    A chart from the MT4 trading screen
    The client terminal includes a built-in editor and compiler with access to a user contributed free library of software, articles and help. The software utilizes a proprietary scripting language, MQL4[1], which enables traders to develop Expert Advisors, custom indicators and scripts. MetaTrader's popularity largely stems from its support of algorithmic trading.
    Yahoo hosts a large group (over 12,000 members) devoted to development of free open source software for MetaTrader.[2]
    MT4 is designed to be used as a stand alone system with the broker manually managing their position and this is a common configuration used by brokers. However a number of third party developers have written software bridges enabling integration with other financial trading systems for automatic hedging of positions.[3]

    Components

    The complete MetaTrader 4 package includes the following components:
  9. MetaTrader 4 Client Terminal - the client part. Provided free by brokerages for real-time online trading and as Demo (practice trading) accounts. This provides trade operations, charts and technical analysis in real time. The internal C-like programming language allows users to program trading strategies, indicators and signals. 50 basic indicators are included, each of which can be further customized. The software runs on Windows 98/2000/XP/Vista/7. Some users have reported success using WINE on Linux for the client terminal.[4]
  10. MetaTrader 4 Mobile - controls a trading account via mobile devices such as mobile phones or PDAs. Runs on Windows Pocket PC 2002/Mobile 2003. Newly released mobile versions also run on the iPhone, iPad, and Android devices.
  11. MetaTrader 4 Server - the core of the system, the server part. Designed to handle user requests to perform trade operations, display and execution of warrants. Also, sends price quotes and news broadcasts, records and maintains archives. Works as a service. Does not have a separate interface.
  12. MetaTrader 4 Administrator - is designed to remotely manage the server settings.
  13. MetaTrader 4 Manager - designed to handle trade inquiries and manage customer accounts.
  14. MetaTrader 4 Data Center - a specialized proxy server and can be an intermediary between the server and client terminals. It reduces the price quote sending load on the main server.

Products

The platform is focused on margin trading. Some brokerages use the platform to trade CFD but it is not designed for full-time work in the stock market or to conduct non margined trading[citation needed].
MetaTrader 5 is designed as a platform for equity markets as well as foreign exchange, CFD and futures trading.
Both MetaTrader 4 and 5 can use custom indicators and trading programs (called Expert Advisors) for trading automation.

See also

References

  1. ^ "MQL4 Documentation". Metaqoutes Software. Retrieved June 15, 2011.
  2. ^ "Yahoo Groups - MetaTrader_Experts_and_Indicators". Yahoo. Retrieved June 15, 2011.
  3. ^ "Google search - MT4 Bridges". Google. Retrieved June 17 2011.
  4. ^ Jafar Calley (17 June, 2010). "Installing Metatrader 4 Forex Charts Under Linux". AboutCurrency.com.

External links


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