New Zealand-based Blackbull Markets has become the latest broker to partner with the copy-trading platform, HokoCloud. Announced on Monday, this will allow Blackbull clients to access HokoCloud services without any charges.
Based in Cyprus, HokoCloud is an independent platform, offering social and copy trading services in the retail forex and CFDs trading markets since 2014. Over the years, the platform has partnered with several brokers, including Equiti, TrioMarkets, MultiBank and Moneta Markets.
“We are delighted to join forces with yet another global brokerage,” said Rui Gago, the Chief Executive Officer at HokoCloud.
“Having BlackBull Markets join our trading ecosystem will allow their clients to access a unique ultra-low latency platform, ideal for managing multiple MT4 and MT5 accounts simultaneously.”
Blackbull Markets is headquartered in Auckland and offers retail trading services with its licenses obtained from the regulators in New Zealand and Seychelles. Other than HokoCloud, the broker is offering social trading services with ZuluTrade and MyFxBook.
The Popularity of Copy Trading Is Only Rising
Social or copy trading services allow novice clients to copy the strategies and trades of proven expert traders by allocating some funds. These services have become very popular over recent years, and almost all of the popular brokers are now offering such services.
ZuluTrade, which is one of the oldest and major players in the social trading market and a competitor of HokoCloud, was acquired by the financial services holding company, Finvasia, last December for an undisclosed sum.
Chris Georghiou, BlackBull’s Business Development Manager in Europe, said: “Social-trading and copy-trading are growing in popularity with our client base, and we expect the HokoCloud platform, which combines both aspects, will seamlessly fit their trading needs.”
