David Billy, the founder, and CEO of Moneta Markets, an Australia-based FX and CFD trading company announced on November 4th, 2022, that the company was expanding its social trading offerings. This expansion is scheduled to happen with the trader's integration of the ZuluTrade platform.
Details of the Integration Between Moneta Markets and ZuluTrade
The announcement of the partnership between Moneta Markets and ZuluTrade comes shortly after the trader received a license from the Australian Securities and Investments Commission (ASIC). Although the platform already provides social trading features through DupliTrade, its partnership with ZuluTrade is still a positive move.
The opportunity for clients to imitate the trading methods of top-ranked FX traders through copy trading has had a significant impact on trading services for over a decade. Hence, several traders are adopting this feature, and Moneta Markets is keeping up with this trend. (Best CFD Brokers in 2023)
The trader has recently enhanced its trading infrastructure, pricing, and product range to improve its offerings, coupled with the ZuluTrade partnership. Speaking of the partnership, David Billy informed the public that "Moneta Markets has always intended to offer clients access to ZuluTrade because it is the largest automated peer-to-peer social trading platform."
CEO Billy added, "With a massive network of 40,000+ users, our clients can now also follow the top-performing signal providers from all over the world." This implies Moneta Markets' clientele now has access to diversified trading methods which cover a stand-alone investment strategy, which is beneficial for short time trading.
About Moneta Markets
Moneta Markets was designed as an offshore brand of Vantage. However, in 2020, Moneta Markets was coiled from the Australian-based online trading platform VantageFX (renamed "Vantage"). It has its headquarters in Saint Vincent and the Grenadines.
In the space of two years, Moneta has earned itself two licenses. One from the Financial Service Provider (FSP) in South Africa and another from the Australian Securities and Investments Commission (ASIC). Moneta Markets has provided its clients with ceaseless and seamless trading services with these licenses.
ZuluTrade was established in 2007 as one of the first online mobile social trading platforms. The copy-trading platform has collaborated with dozens of brokers to provide copy-trading services to their clients.
ZuluTrade has its Headquarters in Athens, Greece, with other offices in Japan and the UK. The platform is trying to obtain new regulatory licenses to expand its global reach. It is also working on expanding the capabilities of its current social trading platform.