ZuluTrade Joins Forces with New Zealand Broker BlackBull Markets

ZuluTrade, a leading social and copy trading platform provider, has teamed up with New Zealand-based BlackBull Markets, a forex and contract-for-difference (CFD) broker to integrate its social trading capabilities.

BlackBull Markets is headquartered in Auckland, New Zealand. It is registered with the Financial Services Provider Registry (FSPR) and specializes in forex, CFDs, commodities, fiber optic communications and fintech solutions. Through the broker, clients have access to leverage up to 1:500 via its MT4 platform.

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ZuluTrade allows investors to mimic the trading strategies of other registered currency traders from 192 countries.  The company has been one of the major players in the social trading segment of the retail industry for several years.

Established in 2007, the firm mainly attempts to sell its services to newer traders who, lacking the requisite knowledge to trade themselves, can follow professional traders and copy the positions they take. At the time of publishing, the transaction volume in United States dollars for ZuluTrade’s live accounts exceeds $1 billion.

Under the partnership, which was announced in September, BlackBull Market’s clients can now use the company’s algorithm to customize their trades based on their preferences and risk tolerance. Clients of BlackBull Markets can choose which trader’s strategy they would like to copy using the “ZuluRank” which ranks each trader using a number of criteria. This includes overall performance, stability, maturity, exposure, minimum equity required and other performance metrics.

Furthermore, clients can view their risk exposure through the “Margin-Call-o-Meter.” This is an indicator which is designed to help traders determine whether the chosen parameter settings put their account at risk for a margin call.

Speaking to Finance Magnates, Roula Pelehrinis, the Head of Institutional Sales at ZuluTrade said: “We are very excited to announce ZuluTrade’s partnership with BlackBull Markets and our subsequent expansion into the New Zealand Market. We see this partnership as an opportunity to introduce our product and services to a new territory and are delighted to serve BlackBull Market’s clientele.”

ZuluTrade Introduces ‘Combos’

Back in July, Finance Magnates reported that ZuluTrade was launching a new trading service called ‘Combos.’ Through these Combos, clients are able to track a combination of traders, enabling them to find a selection of different profitable trades that work well in conjunction with one another.