eToro has added investment charting tools to its social trading platform through its partnership with TradingView, a US-based charting and social network. In an update on Wednesday, the Israeli social trading network described the addition as “a major upgrade for our members.”

The upgrade comes with precise technical analysis tools and “mobile-friendly charts optimized for touch screen devices,” eToro said. “The ability to laser focus on an asset’s price movements and provide investors with the most exact information will undoubtedly help you to make better-informed decisions,” the Israeli firm wrote in the update.

eToro Plans Second Phase of Upgrade

Furthermore, eToro pointed out that the second phase of the upgrade to its platform will come with features that will enable its users to trade directly from the charts. The upgrade will also feature more analysis tools, allow users to access previously created charts and introduce dark mode “for those who prefer to trade in low-light conditions.”

In recent months, eToro introduced several new offerings to its clients, including stocks and shares ISA, SocialSentiment and ‘InvestorAI-US’ portfolios as well as options trading which it launched in the United States in November last year.

TradingView Onboards Many Industry Partners

Meanwhile, TradingView’s new partnership with eToro is the latest in a series of industry collaborations the social network platform has entered into in recent months. In January, the firm joined hands with Finanzen.net zero, a Germany-based zero-commission broker, to enable the latter’s users to trade directly from its charting and social networking platform.

In 2022, the platform integrated its charting tools into several platforms, including those of SpreadEX, EXOpen, Tradesmarter and BullBlack Markets. Furthermore, last year, the network extended its charting tool services to OKX, Eightcap and Pepperstone.