Tradable has been fairly busy recently, having inked deals with Monex, MT4i, and Sucden this month. In another pre-IFXEXPO announcement, the app based platform maker has partnered with automatic signal trading provider ZuluTrade. According to the deal, ZuluTrade has created an integrated app that will allow tradable users to access ZuluTrade’s social signal trading network. The app will be operating similar to ZuluTrade’s website based product where users can pick and follow traders and customize risk and order settings.
According to ZuluTrade, “the ZuluTrade app, created specifically for tradable, is very user friendly. It is a simple yet fully functional interface of ZuluTrade and includes the popular ZuluGuard capital protection feature as well as trading graphs and an account management dashboard. Users can set up their account quickly and safely and choose who to follow, from 70,000 talented currency traders from around the world.”
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Commenting on the app Jannick Malling, CEO of tradable stated “the design looks great – in line with ZuluTrade’s recent enhancements – and I believe this could really be a blockbuster app.” Leon Yohai, CEO of ZuluTrade added, “we are very excited to introduce the ZuluTrade app on tradable’s innovative platform. tradable users are sure to adopt the advanced trading capabilities and social network of trading experts made available through our app as indispensable tools for their trading activities. “
Platform Industry Evolving
The news occurs as several signal providers that operate around the MT4 eco-system have reported connection issues between their products and broker MT4 servers. As such, similar to the launch of MT4i products on the tradable platform, the system appears to becoming a ‘refuge’ for third party developers looking to diversify their offerings. Looking ahead, it will be interesting to see how this plays out. When tradable launched, we stated that they were going to need to prove to developers that they could deliver clients to the system to make it worth anyone’s time to create apps for the platform. However, it now appears that with changes taking place in the platform industry, their timing was well placed. Now the question is whether the flurry of apps will be enough to attract customers to the platform.