ZuluTrade, a pioneer in FX copy or auto trading platforms, announced today to Forex Magnates its expansion in the Japanese market through the acquisition of Market Crew Investment Advisor Co., Ltd. Additionally, ZuluTrade is being launched by a Japanese broker for the first time.
The Tokyo-based subsidiary has been renamed ZuluTrade Japan Co Ltd, and will operate the Japanese website of ZuluTrade under zulutrade.co.jp. ZuluTrade Japan Co Ltd. is now registered with the Kanto Financial Bureau (“KFB”) as an Investment Advisor.
Manabu Kato is the new CEO of ZuluTrade Japan Co Ltd. Kato has worked in a securities company and founded Market Crew Investment Advisor Co., Ltd. in 2006. Kato is said to have a wealth of experience in finance business, as well as having developed trading systems by himself.
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“ZuluTrade’s autotrading platform represents an attractive alternative for Forex investors in Japan,” said Kato. “I am delighted to launch ZuluTrade in Japan, as the platform’s advanced algorithmic signals autotrading technology is expected to be greatly beneficial to everyone.”
The first brokerage firm to launch ZuluTrade in Japan is Arena FX Co., Ltd. The collaboration started on the 5th of September and the firm expects it to be very popular with Forex investors. Arena-FX Co., Ltd. was founded in 2002 and is based in Tokyo.
With the move to launch ZuluTrade by a Japanese broker, the copy trading platform eyes a bigger stake in a market eclipsed by its competitor, Tradency. In August, Invast Securities became a shareholder (controlling 14.99%) of Tradency, investing in a development of unique products for the Japanese broker.
Leon Yohai, Founder and CEO of ZuluTrade, commented, “We are very excited to introduce ZuluTrade in Japan by collaborating with Japan regulated brokers.” He continued, “Japan is a strategic market for ZuluTrade and we are investing in key relationships that will benefit collaborating broker customers as well as support our long-term growth goals. Japan will enable us to increase our global presence.”