ZuluTrade, a provider of copy-trading technology, announced this Monday that it has headed to the United States, with the successful launch of the ZuluTrade Platform in the USA.
According to the company, the platform is a match-making service, which brings investors and curated traders together, allowing less-experienced traders to automatically copy the strategies from those with experience, into their own trading account.
The traders that can have their strategies copied range from “raw talents” that have developed unique algorithmic trading software, to fund managers who have experience in managing millions of funds.
The main requirement of the platform is that the trading strategies must be compatible with US regulation, the company said. Investors are able to copy these trading, using ZuluTrade’s risk management tools, and adjust their capital and risk appetite.
Commenting on the launch, George Ilias, ZuluTrade’s CEO, said in the statement: “We have always attracted an impressive number of users from The United States wanting to try the Platform.”
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“Our new partnership with ZYTrade will not only enable us to do this, but we are confident that our common passion for customer success will result in building a healthy and successful trading ecosystem.”
With the latest launch of the platform, ZuluTrade is now regulated in the European Union, Japan and now the USA. The platform was launched in collaboration with US-based Introducing Broker, ZYTrade LLC (NFA ID: 0523354), and is available under the brand ‘ZuluTrade US.’
As Finance Magnates reported, in April of 2019, ZuluTrade launched a copy trading service called Macaso, which translates to “I’ll leave it to you” in Japanese, as part of a partnership with Japanese broker Excite One. The solution is powered entirely by ZuluTrade’s technology.
However, ZuluTrade got started in the East Asian nation in 2014 when it acquired a local firm, Market Crew Investment Advisor, which was renamed to ZuluTrade Japan.