By Lucy Cain
If you have ever been part of a forex currency trading platform, you know how intense it can get. Many times you find yourself starring at a screen with graphs and watching the lines go up and down until you are ready to make your profit or cut your loss. Recently, IronFX has partnered with the world’s leading provider of social trading to liven up the way you “stare” at the screen.
ZuluTrade was launched in 2008 as a peer-to-peer online trading network. The way it works is simple. It receives compensation for each trade made from brokers connected to their network. Clients can connect with one another and discuss strategy as well as allowing investors to mirror the trades of professional investors, something Warren Buffett would never allow. The concept is basically Facebook for Forex. They show you trades of professionals as well as those who are the highest performers. A quick check of their website while writing this article shows that the top 5 traders for the day had profited approximately $475K.
So what does ZuluTrade have to do with IronFX? IronFX traders are now allowed to be part of the ZuluTrade platform and take part in all of the benefits of the social trading platform. Users of IronFX can now customize any of the 55,000 traders’ strategy in the network including receiving copies of the experts’ trades directly into their account. In a 2012 press release, ZuluTrade CEO Leon Yohai stated, “IronFX is a perfect fit with ZuluTrade as its devotion on developing in-house solutions customized to each client’s individual needs, matches our own enthusiasm for developing and advancing the most sophisticated Forex autotrading platform available. Furthermore, IronFX’s “One Account, Ten Platforms” trading functionality for maximum efficiency is on par with ZuluTrade’s “One Platform, 60 Brokers” offering. We believe that this collaboration will be beneficial for everyone, but mostly for IronFX and ZuluTrade users.”
By partnering with ZuluTrade, IronFX is furthering their goal of bringing technology and transparency into the online trading platform. They have always been behind cutting edge technology that they develop in-house specifically based on their client’s needs. They seem to focus more on retaining their current clients than they do on churning out maximum profits. It shows in the recent platform upgrade which made it easier for client’s to invest and keep track of their positions and trades. Pursuing this goal has caused them to become one of the fastest growing FX brokers and they have the awards to prove it. In addition to winning several awards from World Finance Magazine for being the fastest growing FX provider, they also can boast of China Financial Awards as best FX service provider and European CEO Awards as Fastest Growing FX Broker.
So what’s next for these two companies? Well, ZuluTrade simply will keep doing what they do best. For IronFX, they are securing their future in the financial service industry by continuously improving their usability and transparency.
About the Author
Lucy is a graduate of the School of Business at Southwest Florida College. She is originally from Austin, Texas but spends her time traveling around the country. She has been a freelance writer since 2011 and her specialty is in forex currency trading and binary option trading. She has worked in the finance field since 2008 and has written numerous articles on alternative forms of investments.
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