eToro wants to prevent market manipulation

Broker eTorowho offers trade on CFD market just starting cooperation with NICE Actimize. The effect of joint actions is to be protection against market manipulations.

eToro is a broker from the world leaders in terms of popularity among retail investors. Only in the first four months of 2020, 13 million new accounts were created through it. Even looking at the fact that customers from all over the world trade there, it is still an excellent result, because it is better than last year by as much as 427%. The company, existing since 2007, employs 850 people today and operates in 100 countries. The website is available in 21 languages, including Polish. The dynamically growing company, conducting aggressive and massive marketing not only on the Internet, is currently worth almost USD 1 billion.

With such a large number of individual clients, some of them, if not most, are inexperienced traders who are just starting their adventure in financial markets, i.e. people most exposed to the tricks used by sharks. Forex market, as well as market manipulations, which unfortunately sometimes take place in virtually every market. It is to be counteracted by establishing cooperation with experienced partners who have been specializing in providing software for years, which allows not only to detect manipulations, but even their attempts, which effectively prevents them and reduces the risk of their use in the future. The greater and better the monitoring is, the less willing to manipulate the market in order to earn money in an easy, but unethical or even illegal way.

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Price and quotation compatibility, i.e. equal opportunities for all

How does eToro want to win against speculators and manipulators with billions of financial contributions? The broker wants to apply the solution on his platform SURVEIL-X Markets Surveillance NICE Actimize. It is to prevent so-called bad tick, "Divergence" of quotations and spreads, which is often the cause of losses for individual clients. And the losses are so large that, in effect, they end up with the account being reset. With decisive moves, it happens that inexperienced clients - especially those who do not use defensive Stop Loss orders - lose all capital, and even if not, they lose individual positions, despite the fact that they correctly predicted the direction of the price movement. However, they did not foresee that it would start to turn violently the other way, which could be caused by illegal activities.

The SURVEIL-X Markets Surveillance app not only ensures data compliance on the stock and commodity market, ETFs, CFDs, currencies and other instruments, but also - and perhaps above all - detects even complex forms of market manipulation.

“As a global company, we are committed to ensuring the safety of our clients' assets. While they are always the ones who make the final investment decisions, we need to ensure an environment in which both individual and institutional investors have equal opportunities. We care about transparency and compliance with the requirements of regulators from around the world. That is why we have established cooperation with Nice Actimize "- says Avi Sela from eToro.

A flexible system on the real market

NICE Actimize already has 12 years of experience in the design, implementation and use of monitoring instruments on financial markets around the world. The company constantly cooperates with global partners and regularly introduces new solutions and modifications to its offers.

“The data we provide can not only be easily used, but also scalable and adapted to local needs. That is why our company is also excited to work with eToro, which will focus on ensuring customer protection and upholding the highest standards. " - Chris Wooten from NICE Actimize emphasizes.

76% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you can afford the high risk of losing your money.

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Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.

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