Finvasia acquires major social trading platform, ZuluTrade

Rick Steves

Finvasia Group has announced a major acquisition as it expands further across the globe and into the retail FX space. Zulu Trade Group, one of the world’s largest and oldest social network for trading and investing, is now part of the Finvasia group of companies. The copy trading platform, ZuluTrade, is a widely known “broker […]

Finvasia Group has announced a major acquisition as it expands further across the globe and into the retail FX space.

Zulu Trade Group, one of the world’s largest and oldest social network for trading and investing, is now part of the Finvasia group of companies.

The copy trading platform, ZuluTrade, is a widely known “broker agnostic” social trading platform that has been operating and serving over a million investors, across more than 100 countries for 14 years.

ZuluTrade remains unchallenged even after 14 years of its operations. ZuluTrade has helped over a million investors “Since Finvasia expanded into Europe, we continue to cement our footprint in this fast-growing  and sizable fintech and financial services market. We are excited to acquire ZuluTrade, which further enhances our offering and widens our customer base across Europe and around the world.”

ZuluTrade to enhance Finvasia offering

ZuluTrade is headquartered in Greece and for many years has been one of a few social trading platforms available in the market for FX traders looking to use the skills of experts for their benefit.

The platform leverages the powers of the trading community and algorithmic performance ranking to connect traders with investors.

According to the social trading giant, ZuluTrade has been responsible for more than USD 2 trillion worth of trades. The deal also includes AAAFx, which holds a portfolio management license from HCMC.

Sarvjeet Singh Virk, Co-founder and Chief Managing Director at Finvasia Group, said: “Since Finvasia expanded into Europe, we continue to cement our footprint in this fast-growing and sizable fintech and financial services market. We are excited to acquire ZuluTrade, which further enhances our offering and widens our customer base across Europe and around the world.”

Tajinder Singh, Co-Founder & CEO, Finvasia Group, commented: “At Finvasia, we value creativity and innovation. Our goal is to create an ecosystem that supports the financial needs of an individual across investing, saving, spending and lending. Adding ZuluTrade to our suite of offerings, is another step in creating a wholesome ecosystem that will broaden our technological offerings across institutional and retail investors.”

Finvasia Group has been making moves to expand its footprint across the globe, including Europe, North America and Middle-East.

The aim is to build a complete ecosystem that will cater to the needs of retail and institutional investors. The group is now the owner of a dozen brands in the fintech and financial services industry, reaching millions of investors around the world.

Moreover, it has a physical presence in more than 5 countries, serves clients in over 150 countries, and is regulated by over a dozen regulators across the world.

Finvasia acquired ActTrader and Fxview

Earlier this year, Finvasia acquired ActTrader, a long-established fintech firm, which has built one of the first online retail forex trading applications back in 2000 and pioneered with a WAP-based mobile trading app in 2004.

The company, which was founded in the United States in 2000, keeps growing as it develops disruptive multi-asset financial technology products that are used by over 2 million retail traders in over 100 countries.

The company has processed over $400 trillion in transaction volume and has acted as the core technology provider to some of the largest financial institutions in the world.

The multinational company has recently acquired Fxview, which services clients in over 25 countries and is registered with over 6 different regulatory bodies across Europe.

The broker, which has hosted over 2 million unique users on its website and is gaining popularity swiftly across the EU, Asia, LATAM, and Africa, had its SVG-based entity sign up with the self-regulatory organization Financial Commission for external dispute resolution services.

FINVASIA is a pioneer in the commission free investment ecosystem, which ultimately forced established brokers to offer commission free trading services.

 

 

 

 

Read this next

Retail FX

Banxso announces 8.7% interest rate on deposits in South Africa

“With Banxso, they can enjoy the benefits of both worlds – earning competitive interest and having the freedom to trade, all within the same platform.”

Industry News

FINRA to publish transaction details in U.S. Treasury securities

“Consistent with our longstanding practice, FINRA is introducing greater transparency in a calibrated and careful manner, benefiting liquidity and resilience in this critical market while also mitigating potential information leakage concerns.”

Institutional FX

OpenYield launches “cheap and easy” fixed income trading for brokers

“We’re on a mission to make bonds cheap and easy to trade, and are excited about the opportunity to build generational capital markets infrastructure.”

Digital Assets

Sumsub and Mercuryo publish a guide for VASPs: “Mastering Travel Rule Compliance”

“At Sumsub, we’ve concentrated our efforts on filling the gap in understanding the complexity of Travel Rule regulation and helping organizations find the best solution to stay safe and compliant while minimizing costs and avoiding potential risks of non-compliance. This guide we created with Mercuryo, our trusted partner, is the ultimate navigation tool all VASPs can consult.”

Digital Assets

Bitget Wallet Leads with Record Swap Volume & New Crypto Innovations

This week, Bitget Wallet achieved a milestone by surpassing Metamask with a record 388,757 Swap order transactions, securing the global lead. The significant 7-day trading volume, almost 68,000 more than its rival, underscores its liquidity and user trust. This robust activity signals Bitget Wallet’s prominent role and reliability in the dynamic crypto market.

Digital Assets

Embarking on a Digital Currency Journey

Imagine you’ve stumbled upon a treasure map, leading you to untold riches hidden in the vastness of the internet. Instead of gold coins and jewel-encrusted goblets, this treasure comes in the form of digital currencies, the modern-day loot coveted by many.

Reviews

Traders Union Experts Share The Trading Analyst Review For 2024

Navigating options trading in rapidly shifting markets poses a considerable challenge. This is where options trading alert services become invaluable. They aid traders in keeping abreast of evolving opportunities and market trends. In this assessment, Traders Union experts scrutinize The Trading Analyst alert service to ascertain its efficacy. 

Digital Assets

BlockDAG’s Presale Achieves $9.9M: Aiming For A 5000-Fold ROI As Cardano’s Price Rises And Fantom Launches Sonic

Explore Cardano’s surge, Sonic’s efficiency, and why BlockDAG’s growth makes it the top crypto choice. A deep dive into the future of blockchain investments.

Digital Assets

US, UK probe $20 billion Tether transfers tied to Russian exchange.

U.S. and UK authorities are investigating the movement of $20 billion in the USD-pegged stablecoin tether (USDT) through Moscow-based exchange Garantex.

<