Finvasia acquires major social trading platform, ZuluTrade
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.
