Popular copy trading platform, ZuluTrade, has announced plans to expand its services in Japan. This comes as the firm is upgrading its social trading technology, with ZuluTrade 2.0 due to launch later this year.
New Products For Japanese Traders
ZuluTrade will provide its trading services through ZuluTrade Japan CO Ltd, which holds a license with the country’s Financial Services Agency (FSA). The company has also opened an office in Hiroshima while management discusses plans to open another location in Tokyo.
Traders from Japan will have access to the brand’s existing portfolio of services, plus new products designed for the digital-savvy Japanese market. This includes a user-friendly social trading portal that will support the onboarding process while keeping fees down. Updates to its existing technology will also help with stability.
Finvasia Group Co-founder and CEO of ZuluTrade, Tajinder Virk, commented: “We are excited to extend our offering to Japanese traders. We plan to release a suite of products and services tailored to the Japanese market, specifically more tech-driven services and instruments to meet the sophisticated demands of Nippon traders.”
ZuluTrade Japan Director, Kaouru Nishi, also commented: “I am excited to introduce ZuluTrade in Japan. Traders need diversification, variation, and I believe ZuluTrade ticks all boxes when it comes to portfolio diversification and smooth user experience.”
In addition to regulatory oversight in Japan, the social trading platform operates in the EU with a license from Greece’s Hellenic Capital Market Commission (HCMC).
Launched in 2007, ZuluTrade was one of the first social trading firms. Today, more than two million users have signed up for the platform which has a trading volume of $800+ billion.
The broker-agnostic copy trading platform essentially connects beginner traders with experienced investors, creating the largest marketplace for trading signals.
Investors can choose from over 90,000 traders while more than 60 established brokers offer the brand’s social trading features.
Investors can copy the positions of traders across a range of markets, including forex, stocks, indices, commodities, and cryptocurrency. Investors pay a small fee based on the lot size traded while ZuluTrade compensates traders.
ZuluTrade offers a selection of additional tools to improve the user experience. This includes Lock Trade, whereby users can confirm the execution of a position once a signal is received, ZuluScript, which allows you to develop scripts to build trading robots, plus social network forums and comments where you can interact with like-minded traders. Users also retain control over their funds and can manually close positions.