ZuluTrade Aims For The Proprietary Platforms - Partners With IBFX

The expansion of social trading platforms into the world of proprietary platforms is certainly gaining momentum, exemplified by yesterday's annoucement by Monex subsidiary IBFX, that it has entered a partnership with ZuluTrade.

Broadening Horizons

Until relatively recently, a large and highly competitive ecosystem had been established around social trading platforms providing their services to MetaTrader 4 brokers, as a means of attracting new retail clients and gaining the most value from the acquisitions, as a result of the increased volume brought about by social trading.

Earlier this year, however, MetaQuotes issued a warning to brokers advising against the use of four of the major providers of social trading platforms amid the allegation that the MetaTrader protocol had been hacked.

This created a situation in which social trading platforms sought other modus operandi, and in the case of Tradency, immediate termination of its relationship with MetaQuotes. Tradency sought pastures new, and in doing so has subsequently moved into the institutional space by partnering with CFH Clearing, in order to leverage its distribution channel, and now sees its partnership structure as being with the providers rather than the broker itself in this circumstance.

Further partnerships have been made by myfxbook with cTrader and with software firms which enable flexibility of connection to FX company infrastructure, in order to be less platform or CRM specific.

Social Interaction For TradeStation Clients

With the partnership between IBFX and ZuluTrade, users of IBFX's TradeStation platform will be able to interact and also copy the trades of signal providers, as well as trade automatically via the ZuluTrade facility.

ZuluTrade now also offers its social 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 trading service through dedicated applications on all major tablet and mobile platforms, including iPhone or iPad, Blackberry Playbook or Z10, Kindle Fire and Android-enabled devices.

ZuluTrade users can access their accounts anywhere, a factor which many retail FX brokers are concerned with, as a means of increasing trading volume.

“We are proud to announce our collaboration with IBFX, a global leader in the forex industry” said Leon Yohai, founder and CEO of ZuluTrade yesterday on behalf of his company.

“Both ZuluTrade and IBFX share the notion that in order to offer an exceptional Forex Trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term experience, one must invest heavily in technology. We are certain that our common goals and ambitions will result in a long and prosperous partnership" concluded Mr. Yohai.