Investoo Expands to Social Trading with Acquisition of SocialTradingGuru.com

London-based foreign exchange affiliate Investoo Group has purchased social trading comparison site SocialTradingGuru.com in a deal that the company said includes all existing revenue share accounts.

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Terms of the agreement were not disclosed, but Investoo said in a statement that the purchase will extend its reach into the social and copy trading space, whilst generates a strong boost to its revenues and user base.

SocialTradingGuru.com launched in 2012 and is regarded as one of the world’s biggest social trading comparison sites. It works with a number of partners, including eToro, Ayondo and Tradeo.

The acquisition is also important as it helps augment Investoo’s portfolio of websites, in tandem with its own capabilities, including its educational platform Investoo.com, Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term signals service SnipetheTrade.com, Forex Broker Forex Broker In the forex space, a broker is any company that can provide traders with access to a platform that permits the buying and selling of multiple currencies.The retail forex industry has grown over the past two decades to include every major jurisdiction, which in turn has necessitated new regulatory oversight. Relative to the institutional sector, retail brokers are rather small portion of the greater forex market. However, traders can rely on brokers for leveraged trading in a 24-hour-a-day marke In the forex space, a broker is any company that can provide traders with access to a platform that permits the buying and selling of multiple currencies.The retail forex industry has grown over the past two decades to include every major jurisdiction, which in turn has necessitated new regulatory oversight. Relative to the institutional sector, retail brokers are rather small portion of the greater forex market. However, traders can rely on brokers for leveraged trading in a 24-hour-a-day marke Read this Term comparison site 100ForexBrokers.com and YouTube channel TradingAxis.com.

According to Adam Grunwerg, CEO of Investoo Group: "Social and copy trading represents an excellent market for us to expand our products and services into. It is also a strong platform to build our own SEO and revenue share business. We plan to capitalize on the acquisition of SocialTradingGuru.com by launching in a number of new languages and on a new design."

David Merry, chairman of the Investoo Group board, added: "We are actively looking for new partnerships and website acquisitions that can add value to our portfolio of websites. We have grown more than 10-fold since the beginning of the year and look forward to working with new partners."