eToro enhances stop copy mechanism
Online broker eToro today announced the implementation of a highly requested feature for its Copy Trading system.
The broker is updating its stop copy mechanism so that the copy position will fully close, and any halted stocks will move to the user’s regular portfolio.
The company says it understands that navigating through halted stocks can be a bit challenging. When you decide to stop copying an investment that includes halted stocks, you might have noticed that the copy remains in a “pending close” state, and those halted positions remain open.
From today the revamped system will automatically initiate the closure of all positions within your copy as efficiently as possible.
In cases where certain stocks within your copy are halted or under sanctions, and they remain open after five business days, eToro has you covered. These positions will be detached from the copy, ensuring that your portfolio remains free from any lingering uncertainties. Following the initial 5 day period, the position will be detached on the following Sunday.
With these changes, you’ll have peace of mind knowing that your copy will be fully closed, irrespective of any halted stocks. This means you can now make more informed decisions about your trading strategy and future investments.
With this enhanced mechanism, you can even consider copying the same Popular Investor (PI) in the future if their strategy aligns with your goals. Your trading journey remains flexible and dynamic.