ZuluTrade Powers iFollow Copy Trading For Binary Options

The Power Behind Trading

It is no doubt that copy trading is gaining traction. The appeal of following a successful trader and copying their trades is undeniable and a driving force behind an explosion of brokers offering such services. It has also led to a partnership which has propelled one social trading platform to the forefront. Zulutrade, a leading platform for forex social trading, has teamed up with SpotOption and is the power behind the popular iFollow copy trading platform. The partnership began in mid-2014 and is only one in a string of events signalling a growing acceptance of binary options by mainstream investment professionals. Other signs include binary platforms such as SpotOption including CFD/forex products as well as some popular forex brokers adding a binary brand to their offerings.

Zulutrade partners exclusively with SpotOption

What the partnership means is that SpotOption has access to ZuluScript. Zuluscript is the language and algorithms which ranks traders by their success, displays the leader boards and links your trading account. What makes this deal of real interest to traders is that the technology is now available to the over 200 brands built on the SpotOption white label platform. There are currently dozens of brokers supporting the technology and a growing number of social copy traders to match. In addition, pro traders and signal providers can use Zuluscript to write EA’s for automated trading.

Brokers With iFollow Copy Trading
Regulated US Friendly Min Deposit
EmpireOptions Yes Yes $250
CherryTrade No Yes $250
FMTrader Yes No $250

iFollow, as the service has been dubbed, is the leading platform for social trading binary options. The platform has the most features and gives you the most control over your account. The system is built on a leader board which displays the top traders. The leader board can by filtered by asset so you can seek out specific traders and get some diversification in your trading. Once a trader is followed you then follow all of the trades they make during the allotted time. This means that each trade they make is copied into your account, when they win you win.

Trading can be limited by three settings; the amount of each trade, the max amount of trading for each trader and the length of time you follow them. Trade amounts can be set in a range from $50 to $3000, as can the total amount to be traded. A limit of $50 trades with a max of $400 will allow for 8 trades. The time period for following ranges from 1 day out to several months but I recommend sticking with the shorter time periods.

 ifollow social trading binary options