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.
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.
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